Document:

AMENDMENT NO. 1
TO
CONVERTIBLE NOTE

THIS AMENDMENT NO. 1 TO THE CONVERTIBLE
(the ‘‘Amendment’’), is dated as of the
29th day of September, 2006, and is made by and among
CREATIVE ENTERPRISES INTERNATIONAL, INC. (the
‘‘Company’’), and Mr.  James
Robb (the ‘‘Holder’’). Capitalized terms
not defined herein have the meanings given to them in the
Note.

W I T N E S S E T H:

WHEREAS, the Holder is
the designated payee under those certain convertible notes issued by
the Company in the aggregate principal amount of $50,000 made by the
Company on or about June  5,  2006 (the
‘‘Notes’’);

WHEREAS, the
Company and the Holder desire to amend the terms of the Notes as set
forth herein;

NOW, THEREFORE, it is mutually agreed by
and between the parties hereto as follows:

1.    The
Company and Holder each hereby agree that the Company shall repay the
Principal and accrued but unpaid Interest thereon as follows:

(a)    An amount of $10,000 shall be paid to the
Holder immediately upon the closing by the Company of at least $200,000
in gross proceeds (the ‘‘Initial Closing’’)
in a private placement of its securities (the ‘‘Private
Placement’’); and

(b)    The
balance of the Principal and all accrued but unpaid Interest thereon
will be repaid in full no later than sixty (60) days from the date of
the Initial Closing, with the Principal amount of $20,000 (plus accrued
Interest thereon) due and payable thirty (30) days from the
Initial Closing and the balance of all unpaid Principal and Interest
due and payable thirty (30) days thereafter.

2.    The
Note has not been assigned, pledged or otherwise transferred by the
Holder.

3.    The Holder may place a legend on the Note
referencing the existence of this Amendment.

4.    Except as hereby modified and amended, the Company
and the Holder hereby ratifies and confirms all other terms of the
Note.

5.    The Holder shall attach to the Note a fully
executed copy of this Amendment.

6.    This Amendment
contains the entire agreement and understanding of the parties with
respect to its subject matter. This Amendment supersedes all prior
arrangements and understandings between the parties, either written or
oral, with respect to its subject matter.

7.    This
Amendment may be executed in any number of counterparts, and each such
counterpart shall be deemed to be an original instrument, but all such
counterparts together shall constitute but one Amendment. This
Amendment may not be amended or modified except in writing signed by
each of the parties to this Amendment. The observance of any term of
this Amendment may be waived (either generally or in a particular
instance and either retroactively or prospectively) by the party or
parties waiving compliance. The failure of any party at any time or
times to require performance of any provision hereof shall in no manner
affect the rights at a later time to enforce the same. No waivers of or
exceptions to any term, condition, or provision of this Amendment, in
any one or more instances, shall be deemed to be, or construed as, a
further or continuing waiver of any such term, condition, or
provision.

1

IN WITNESS WHEREOF, each signatory to this
Amendment, by their appropriate officers thereunto duly authorized,
have executed this Amendment as of the date first set forth above.

COMPANY:

CREATIVE ENTERPRISES INTERNATIONAL,
INC.

By:
                                                                         

Name: 
        Title:     

Agreed and acknowledged by:

HOLDER:

By:
                                                                         

Name: James Robb

2AGREEMENT AND
RELEASE

CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS
AGREEMENT AND RELEASE.

BY SIGNING THIS AGREEMENT AND
RELEASE, YOU GIVE UP AND WAIVE IMPORTANT LEGAL RIGHTS.

This
is an agreement and release (the
‘‘Agreement’’) between Creative Enterprises
International, Inc., its stockholders (solely in their capacity as
stockholders of Creative Enterprises International, Inc.),
subsidiaries, affiliates, divisions, successors and assigns, their
respective past and present officers, directors, employees, agents,
attorneys, whether as individuals or in their official capacity, and
each of their respective successors and assigns (hereinafter
collectively referred to as ‘‘CEI’’ or the
‘‘Company’’) and by his own free will,
Christopher Durkin (‘‘Durkin’’ or
‘‘Employee’’). As used herein, the term
‘‘Execution Date’’ shall mean the later of
the two dates on which this agreement has been executed by Employee and
CEI, as specified on the signature page of this agreement.

WHEREAS, Durkin has been serving as the Chief Executive
Officer and a member of the Board of Directors of the Company,
and

WHEREAS, Durkin desires to resign his employment with,
and position on the Board of Directors of, the Company upon the terms
and condition set forth herein,

NOW, THEREFORE, in
consideration of the covenants and promises contained herein and for
other good and valuable consideration, receipt of which is hereby
acknowledged, Employee and the Company (who hereinafter collectively
may be referred to as the ‘‘Parties’’)
hereby agree as follows:

1.    Employee acknowledges and
agrees that effective upon the Employee’s receipt of the cash
payment described in Section 2(a) below, Employee’s employment
with the Company in all capacities, and Employee’s service on
the Board of Directors of the Company, is terminated (the
‘‘Termination Date’’).

2.    In
consideration for (i) Employee’s execution of this Agreement and
(ii) the release of claims against the Company, the Company will pay or
issue to Employee the following:

a.    An
aggregate amount of $32,500.00 Dollars (‘‘Severance
Payment’’), payable in one lump-sum payment on the
Termination Date.

b.     a total of
300,000 shares of Common Stock as additional consideration for services
rendered to the Company by Employee during the term of
Employee’s employment with the Company. The Company will issue
the Common Stock Certificate to Employee within five (5)
days of the Termination Date.

Employee agrees and acknowledges
that the Company’s payment of the compensation described in this
Section 2 is in lieu of all other compensation to which Employee may
have been entitled.

3.    Except as otherwise expressly
provided in this Agreement, there shall be no other payments or
benefits payable to Employee, including but not limited to, salary,
bonuses, commissions, finder’s fees and/or other payments.

4.    To the extent Employee has unreimbursed business expenses,
incurred through the Termination Date, Employee must promptly submit
the expenses with all appropriate documentation; those expenses which
meet the Company’s guidelines will be reimbursed. Any expense
account that Employee has with the Company terminates effective on the
Termination Date, and any expenses already incurred will be reviewed
and processed in accordance with the policies and procedures of the
Company. No new expenses may be incurred after the Termination Date.
Employee agrees to promptly pay any outstanding balance on these
accounts that represent non-reimbursable expenses. Company will pay
accepted expenses within twenty (20) business days from the Termination
Date, in accordance with the Company’s expense reimbursement
guidelines existing as of the date that this Agreement is executed by
both the Company and Employee.

5.    Employee understands
that this Agreement does not constitute an admission by the Company of
any liability, error or omission, including without limitation, any:
(a) violation of any statute, law, or regulation; (b) breach of
contract, actual or implied; or (c) commission of any
tort.

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6.    Employee acknowledges that the
consideration provided in this Agreement exceed that to which Employee
would otherwise be entitled under the normal operation of any benefit
plan, policy or procedure of the Company or under any previous
agreement (written or oral) between Employee and the Company. Employee
further acknowledges that the agreement by the Company to provide
consideration pursuant to this Agreement beyond Employee’s
entitlement is conditioned upon Employee’s release of all claims
against the Company and Employee’s compliance with all the terms
and conditions of this
Agreement.

7.    Arbitration:

a.    The
Parties specifically and knowingly and voluntarily agree to arbitrate
any controversy, dispute or claim which has arisen or should arise in
connection with Employee’s employment, the cessation of
Employee’s employment, or in any way related to the terms of
this Agreement. The Parties agree to arbitrate any and all such
controversies, disputes, and claims before a single arbitrator in the
State of New York in accordance with the Rules of the American
Arbitration Association. The arbitrator shall be selected by the
Association and shall be an attorney-at-law experienced in the field of
corporate law and admitted to practice in the State of New York. In the
course of any arbitration pursuant to this Agreement, Employee and the
Company agree (i) to request that a written award be issued
by the arbitrator and (ii) that each side is entitled to receive any
and all relief it would be entitled to receive in a court proceeding.
The Parties knowingly and voluntarily agree to enter into this
arbitration clause and, except for claims contemplated in Section 7(c)
below, waive any rights that might otherwise exist to request a jury
trial or other court proceeding. This paragraph is intended to be both
a post-dispute and pre-dispute arbitration clause. Any judgment upon
any arbitration award may be entered in any court, federal or state,
having competent jurisdiction of the
parties.

b.    The Parties’
agreement to arbitrate disputes includes, but is not limited to, any
claims of unlawful discrimination and/or unlawful harassment under
Title VII of the Civil Rights Act of 1964, as amended, the Age
Discrimination in Employment Act 1967, as amended, the Americans with
Disabilities Act, the New Jersey and New York Civil Rights Laws, the
New Jersey Law Against Discrimination, the New York Executive Law, the
New York City Human Rights Law, the New Jersey Conscientious Employee
Protection Act, the New Jersey Family Leave Act, or any other federal,
state or local law relating to discrimination in employment and any
claims relating to wage and hour claims and any other statutory or
common law claims.

c.    Notwithstanding
the foregoing, Employee acknowledges and agrees that the breach by
Employee of the non-disparagement, confidentiality, non-competition, or
cooperation obligations (as provided by Paragraphs 8 – 13 of this
Agreement) will cause the Company irreparable injury not compensable by
money damages and therefore, the Company will not have an adequate
remedy at law. Accordingly, if the Company institutes an action or
proceeding to enforce such obligations, it shall be entitled to
injunctive or other equitable relief to prevent or curtail any such
breach, threatened or actual.

8.    Employee and Company
agree that the terms and existence of this Agreement are and shall
remain confidential and agrees not to disclose any terms or provisions
of this Agreement, or to talk or write about the negotiation, execution
or implementation of this Agreement, without the prior written consent
of the other, except (a) as required by law; (b) as required by
regulatory authorities, including as may be required under the
Securities Exchange Act of 1934, as amended, and the rules and
regulations of the U.S. Securities and Exchange Commission promulgated
thereunder; (c) as required within the Company to process this
Agreement; or (d) in connection with any arbitration or litigation
arising out of this Agreement. Anything herein to the contrary
notwithstanding, Employee may disclose the terms of this Agreement to
Employee’s immediate family, accountant or attorney, provided
they are made aware of and agree to the confidentiality
provisions.

9.    The Employee further agrees that he shall
not, at any time before or after the Termination Date, make use of or
disclose to any person, corporation, or other entity, for any purpose
whatsoever, any trade secret or other confidential and/or proprietary
information of or concerning the Company’s business, finances,
marketing, technology, software, accounting and other information of
the Company 

2

and its subsidiaries, including information
relating to any customer of the Company or any other nonpublic business
information of the Company and/or its subsidiaries disclosed to,
prepared by or otherwise learned as a consequence of Employee’s
employment with the Company (collectively referred to as the
‘‘Proprietary Information’’). For the
purposes of this Agreement, trade secrets and confidential information
shall mean information disclosed to the Employee or known by him as a
consequence of his employment by the Company, whether or not pursuant
to this Agreement, and not generally known in the industry. The
Employee acknowledges that Proprietary Information, as it may exist
from time to time, is a valuable and unique asset of the Company, and
that disclosure of any such information would cause substantial injury
to the Company. Trade secrets and confidential information shall cease
to be trade secrets or confidential information, as applicable, at such
time as such information becomes public other than through disclosure,
directly or indirectly, by Employee in violation of this Agreement. If
Employee is requested or required (by oral questions, interrogatories,
requests for information or document subpoenas, civil investigative
demands, or similar process) to disclose any Proprietary Information,
Employee shall, unless prohibited by law, promptly notify the Company
of such request(s) so that the Company may seek an appropriate
protective order.

10.     Employee agrees that in
consideration for the payments and other consideration provided in this
Agreement Employee will not, for a period of one year following the
Termination Date, directly or indirectly, (a) enter into or become
associated with or engage in any other business (other than as an owner
of 2% or less of the stock of a public corporation), which
business is primarily involved in (i) the business of manufacturing,
distributing, marketing or selling bottled waters or dietary
supplements; or (ii) is otherwise engaged in the same or similar
business as the Company in direct competition with the Company, or
which the Company was in the process of developing during the term of
Employee’s employment with the Company (a
‘‘Competitive Business’’); (b) (i) solicit
business from or perform services for, or for the benefit of, any
client or account of CEI with which Employee had contact, participated
in the contact, or about which Employee had knowledge of Confidential
Information by reason of Employee’s employment with CEI, or (ii)
solicit business from or perform services for, or for the benefit of,
any client or account which was pursued by CEI and with which Employee
had contact, participated in the contact, or about which Employee had
knowledge of Proprietary Information by reason of Employee’s
employment with CEI; provided that such business or services solicited
or offered would be deemed a Competitive Business at the time of such
solicitation or offer, (c) develop, design, manufacture or sell
products or services based on the Proprietary Information; (d)
interfere in any manner with the business of CEI; or (e) solicit, hire,
attempt to solicit or hire, or participate in any attempt to solicit or
hire, for any non-CEI affiliated entity, any person who on or during
the six (6) months immediately preceding the date of such solicitation
or hire is or was an officer, employee or consultant of CEI, or which
the Employee was aware was being actively recruited by
CEI.

11.    In consideration of the foregoing, Employee
agrees to irrevocably assign to the Company    any and all
inventions, software (including source code and source code
documentation for all computer programs developed or modified),
manuscripts, documentation, improvements or other intellectual property
whether or not protectible by any state or federal laws relating to the
protection of intellectual property, relating to the present or future
business of the Company that have been developed by Employee during the
course of his employment with the Company, either alone or jointly with
others, and whether or not developed during normal business hours or
arising within the scope of his/her duties of employment (all of the
foregoing ‘‘Intellectual Property’’).
Employee agrees that all such Intellectual Property, including without
limitation all copyrights, trademarks, trade secrets and patent rights
therein, is irrevocably assigned to and shall be and remain the sole
and exclusive property of the Company and shall be deemed the product
of work for hire. Employee further agrees to execute such assignments
and other documents as the Company may consider appropriate to vest all
right, title and interest therein to the Company and hereby appoint the
Company your attorney-in-fact with full powers to execute such document
itself in the event Employee fails or is unable to provide the Company
with such signed documents.

3

12.    Employee agrees that Employee
shall not make any negative or derogatory statements in verbal,
written, electronic or any other form about the Company, or its
officers, employees and directors including, but not limited to, a
negative or derogatory statement made in, or in connection with, any
article or book, on a website, in a chat room or via the internet. The
Company agrees not to issue, and will advise its executive officers and
directors not to make, any negative or derogatory statements in verbal,
written, electronic or any other form about
Employee.

13.    Litigation

a.    Employee
shall cooperate fully with the Company in the prosecution or defense,
as the case may be, of any and all actions, governmental inquiries or
other legal or regulatory proceedings in which Employee’s
assistance may be reasonably requested by the Company. All reasonable
expenses arising from the cooperation will be advanced or reimbursed
within the Company’s guidelines. Employee agrees that he will
not provide support or assistance, directly or indirectly, to any
individual, corporation, or other non-governmental entity in connection
with any claim, action, suit or proceeding involving the Company or any
of its affiliates unless required to do so by law (in which case
Employee agrees to promptly notify the Company of such legal
requirement). Employee acknowledges that he has advised the Company
completely and candidly of all facts of which he is aware that may give
rise to legal matters.

b.    Employee
agrees that he will not provide support or assistance, directly or
indirectly, to any individual, corporation, or other non-governmental
entity in connection with any claim, action, suit or proceeding
involving the Company or any of its affiliates unless required to do so
by law (in which case Employee agrees to promptly notify the Company of
such legal requirement).

c.    Employee
acknowledges that he has advised the Company completely and candidly of
all facts of which he is aware that may give rise to legal matters.

14.    Employee shall direct all requests for references to be
forwarded in writing to the Company, attention: Office of the Chairman.
The Company will state in response to such inquiries your dates of
employment and positions held. The Company shall not be responsible for
responses to reference requests sought or obtained other than under the
procedures set forth in this paragraph. The Company shall direct
employees authorized to make communications concerning Employee not to
convey negative or derogatory statements regarding Employee if
contacted for a reference.

15.    Employee realizes there are
many laws and regulations prohibiting employment discrimination, or
otherwise regulating employment or claims related to employment
pursuant to which Employee may have rights or claims. These include but
are not limited to Title VII of the Civil Rights Act of 1964, as
amended; the Americans with Disabilities Act of 1990; the Pregnancy
Discrimination Act; the National Labor Relations Act, as amended; 42
U.S.C 1981; the Employee Retirement Income Security Act of 1974, as
amended; the Age Discrimination in Employment Act of 1967, as amended;
the Civil Rights Act of 1991; the Worker Adjustment and Retraining
Notification Act; the New York State and City Human Rights Laws; the
New Jersey Law Against Discrimination; the New Jersey Conscientious
Employee Protection Act, the New Jersey Family Leave Act, and other
Federal, State and local human rights, fair employment and    other
laws. Employee also understands there are other statutes and contract
and tort laws which relate to Employee’s employment and/or the
termination of Employee’s employment. Employee hereby knowingly
and voluntarily agrees to waive and release any rights or claims
Employee may have under these and other laws, but does not intend to,
nor is Employee waiving any rights or claims that may arise after the
date that this Agreement is signed by Employee. Notwithstanding the
foregoing sentence, Employee’s waiver and release shall not
extend to (i) any rights, remedies, or claims Employee may have in
enforcing the terms of the Agreement; and (ii) any rights Employee may
have to receive vested amounts under the Company’s stock option
plans, 401(k) or pension plans.

16.    This Agreement shall
be deemed to have been made within the County of New York, State of New
York, and shall be interpreted and construed and enforced in accordance
with the laws of the State of New York without regard to its conflicts
of law provision.

4

17.    Employee is hereby advised of
Employee’s rights to review this Agreement with counsel of
Employee’s choice. Employee has had the opportunity to consult
with an attorney and/or other advisor of Employee’s choosing
before signing the Agreement, and was given a period of twenty-one (21)
days to consider the Agreement. Employee is permitted, at his
discretion, to return the Agreement prior to the expiration of this
twenty-one (21) day period. Employee acknowledges that in signing this
Agreement, Employee has relied only on the promises written in this
Agreement, and not on any other promise made by the Company or any
other entity or person.

18.    Employee represents that
Employee has not filed any complaints, charges or claims against CEI
with any local, State, or Federal agency or court, or with any other
forum.

19.    By the Termination Date employee shall return
any CEI property in his possession or custody or under his control, no
matter where located including, but not limited to, I.D. or security
cards, corporate credit card, keys, computer disks, equipment,
furniture, computers, peripherals and other electronic devices, and any
written or electronic material prepared or received in the course of
his employment at CEI, including without limitation, memoranda,
reports, files, correspondence, manuals, notes, specifications, data,
whether existing in hard copy or other media.

20.    In the
event Employee materially breaches this Agreement, Employee agrees to
forfeit the entire consideration given for this release and to pay the
Company any actual damages caused by Employee’s breach. In the
event the Company materially breaches this Agreement, all amounts due
hereunder will be accelerated and become due immediately. The remedies
available to Company and Employee as specified in this paragraph shall
be in addition to any other remedies available at law or equity to
either the Company or Employee, as the case may be.

21.    If
any provision of this Agreement, or any part thereof, is held to be
invalid or unenforceable because of the scope or duration of or the
area covered by such provision, Employee and CEI agree that the court
or other appropriate decision-making authority making such
determination shall reduce the scope, duration and/or area of such
provision (and shall substitute appropriate provisions for any such
invalid or unenforceable provisions) in order to make such provision
enforceable to the fullest extent permitted by law and/or shall delete
specific words and phrases, and such modified provision shall then be
enforceable and shall be enforced. In the event that any court or other
appropriate decision-making authority determines that the time period
or the area, or both, are unreasonable and that any of the covenants is
to that extent invalid or unenforceable, the parties hereto agree that
such covenants will remain in full force and effect, first, for the
greatest time period, and second, in the greatest geographical area
that would not render them unenforceable. If any provision of this
Agreement is held to be invalid or unenforceable, the remaining
provisions of this Agreement shall nonetheless survive and be enforced
to the fullest extent permitted by law.

22.    Any notices
hereunder shall be sent to the Company and to Employee at their
respective addresses set forth below. Any notice shall be given by
certified mail, return receipt requested, postage prepaid, overnight
courier or personal delivery. Notices shall be deemed to have been
given when deposited in the United States mail or delivered to a
nationally-recognized courier service. Either party may designate any
other address to which notice shall be given, by giving written notice
to the other of such change of address in the manner herein
provided.

				
	If
to the Company:

 Creative Enterprises International, Inc.

Attention: Chairman
 825 Lafayette Road
 Bryn Mawr, PA
19010			If to Employee:

 Christopher Durkin
 45
Wall Street
 New York, NY
10005
	

23.    Except as otherwise expressly
provided herein, this Agreement and Release, together with the General
Release constitute the entire agreement between the Parties and
supersede any and all prior agreements, whether written or oral. This
Agreement may not be modified or changed, except in a written agreement
signed by both Parties. The failure of either party at any time to
require performance by the other party of any provision hereof shall in
no way affect the full right to require 

5

such performance at any time thereafter. Nor
shall the waiver by either party of a breach of any provision hereof
constitute a waiver of any succeeding breach of the same or any other
such provision nor constitute a waiver of the provision itself. The
Agreement may be executed in multiple counterparts, each of which shall
be considered an original but all of which shall constitute one
agreement.

[REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK]

6

IN WITNESS WHEREOF, the parties have
executed this Agreement as of the dates set forth below.

I
have read this Agreement, and I understand all of its terms. I enter
into and sign this Agreement knowingly and voluntarily with full
knowledge of what it means. I understand that I have twenty-one (21)
days to consider this Agreement and return it to the Company. I also
understand that I have seven (7) days to revoke this Agreement in
writing after I sign it. I understand that a revocation will become
effective only if I furnish the Company with written notice, within
such seven (7) day period. This Agreement will not become effective or
enforceable until the Company’s receipt back of
Employee’s executed Agreement and the expiration of the seven
day revocation period.

				
	Employee:			Creative Enterprises
International, Inc.
	/s/
Christopher Durkin                    			/s/
Michael
Salaman                    
	Christopher
Durkin			By:    Michael Salaman
Title: Chairman and
Authorized Representative
	Date: September  27,
2006			Date: October  4,
2006
	

7

CONSULT WITH AN ATTORNEY BEFORE SIGNING
GENERAL RELEASE. BY SIGNING THIS GENERAL RELEASE, YOU GIVE UP AND WAIVE
IMPORTANT LEGAL RIGHTS.

GENERAL RELEASE

I,
Christopher Durkin, understand and, of my own free will, enter into
this General Release.

In consideration of the payments, benefits,
agreements, and other consideration to be provided by Creative
Enterprises International, Inc. as described in the agreement of which
this General Release is a part (such agreement, this General Release,
together, the ‘‘Agreement’’), Christopher
Durkin, for himself or herself and for his heirs, executors,
administrators, and their respective successors and assigns
(collectively, ‘‘Employee’’), HEREBY
RELEASES AND FOREVER DISCHARGES, to the maximum extent permitted by
law, Creative Enterprises International, Inc., its stockholders (solely
in their capacity as stockholders of Creative Enterprises
International, Inc.), subsidiaries, affiliates, divisions, successors
and assigns, their respective current and former officers, directors,
employees, agents, attorneys, whether as individuals or in their
official capacity, and each of their respective successors and assigns
(hereinafter collectively referred to as
‘‘CEI’’) of and from all or any manner of
actions, causes and causes of action, suits, debts, obligations,
damages, complaints, liabilities, losses, covenants, contracts,
controversies, agreements, promises, variances, trespasses, judgments
and expenses (including attorneys’ fees and costs), extents,
executions, claims and demands whatsoever at law or in equity
(‘‘claims’’), specifically including by way
of example but not limitation, Title VII of the Civil Rights Acts of
1964 and 1991, as amended; the Civil Rights Act of 1866; the Employee
Retirement Income Security Act of 1974, as amended; the National Labor
Relations Act, as amended; the Americans with Disabilities Act of 1990;
the Age Discrimination in Employment Act of 1967, as amended; the
Worker Adjustment and Retraining Notification Act; the Pregnancy
Discrimination Act; and all Federal, State and local statutes,
regulations, decisional law and ordinances and all human rights, fair
employment, contract and tort laws relating to Employee’s
employment with CEI and/or the termination thereof including, again by
way of example but without limitation, the New Jersey and New York
Civil Rights Laws, the New Jersey Law Against Discrimination, the New
York Executive Law, the New York City Human Rights Law, the New Jersey
Conscientious Employee Protection Act, the New Jersey Family Leave Act,
any civil rights or human rights law, as well as all claims for
wrongful discharge, breach of contract, personal injury, defamation,
mental anguish, injury to health and reputation, and sexual harassment,
which Employee ever had, now has, or which Employee hereafter can,
shall or may have for, upon or by reason of any matter, cause or thing
whatsoever arising out of Employee’s employment by CEI or the
termination thereof, provided that this General Release shall not
extend to (i) any rights, remedies, or claims Employee may have in
enforcing the terms of this Agreement; (ii) any rights Employee may
have to receive vested amounts under CEI’s stock option plan,
401-K or pension plans; (iii) Employee’s rights to medical
benefit continuation coverage, on a self-pay basis, pursuant to federal
law (COBRA); and (iv) claims for indemnification (whether under state
law, the Company's by-laws or otherwise) for acts performed as an
officer or director of the Company or any of its affiliates. Employee
takes this action fully aware of Employee’s rights arising under
the laws of the United States (and any State or local governmental
entity thereof) and voluntarily waives and releases all such rights or
claims under these or other laws, but does not intend to, nor is
Employee waiving any rights or claims that may arise after the date
that this Agreement is signed by Employee. The provisions of any laws
providing in substance that releases shall not extend to claims which
are at the time unknown to or unsuspected by the person executing such
release, are hereby waived.

Employee represents that Employee has
been advised to and has had an opportunity to consult with an attorney
and/or any other advisors of Employee’s choosing before signing
this Agreement, and was given a period of twenty-one (21) days to
consider this Agreement. Employee is permitted, at his discretion, to
return the Agreement prior to the expiration of this 21-day period.
Employee has relied only on the promises written in the Agreement, and
not on any other promise made by CEI or any other entity or
person.

8

Employee has seven (7) days to revoke
the Agreement after Employee signs it. The Agreement will not become
effective or enforceable until CEI’s receipt back of
Employee’s executed Agreement and the expiration of the seven
day revocation period.

Employee has read and understood the
Agreement and enters into it knowingly and voluntarily.

IN
WITNESS WHEREOF, Christopher Durkin has set his hand this 27 day of
September, 2006 having had the opportunity to review this with counsel
of his or her choice.

/s/ Christopher
Durkin                    

 Christopher
Durkin

9

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