Document:

EXHIBIT 10.15

                RESTATED AND AMENDED ADDENDUM TO PROMISSORY NOTE

       THIS RESTATED AND AMENDED ADDENDUM is entered into as of August 15, 2001
by SonomaWest Holdings, Inc., ("Borrower") and payable to WELLS FARGO BANK,
NATIONAL ASSOCIATION ("Bank") and is added to and made part or the Note, as
defined below.

       WHEREAS, Borrower executed that certain promissory note and Addendum to
and Modification of Promissory Note (the "Original Addendum") dated November 17,
1988, payable to the order of Bank in the principal amount of Two Million One
Hundred Thousand Dollars ($2,100,000.00) (the "Vote"); and

       WHEREAS, Borrower and Bank have agreed to certain changes in the terms of
the Original Addendum and accordingly wish to amend and restate the Original
Addendum pursuant to the terms of this Amended and Restated Addendum;

       Therefore, the Original Addendum is hereby amended and restated to read
as follows:

       1.     The Credit Agreement dated as of April 20, 1999 executed in
connection with the Note and other credit accommodations are hereby cancelled
and terminated.

       2.     Since the execution of the Note, Borrower has changed its name to
"SonomaWest Holdings, Inc." All references in the Note and other Loan Documents
to Vacu-Dry Company are hereby deemed references to SonomaWest Holdings, Inc.

       3.     The Note is hereby modified by deleting the paragraph under the
heading "EVENTS OF DEFAULT" and replacing it with the following:

       "The occurrence of any of the following shall constitute an "Event of
Default" under this Note:

                     (a)    The failure to pay any principal, interest, fees or
              other charges when due hereunder or under any contract, instrument
              or document executed in connection with this Note.

                     (b)    The filing of a petition by or against any Borrower,
              any guarantor of this Note or any general partner or joint
              venturer in any Borrower which is a partnership or a joint venture
              (with each such guarantor, general partner and/or joint venturer
              referred to herein as a "Third Party Obligor") under any
              provisions of the Bankruptcy Reform Act, Title 11 of the United
              States Code, as amended or recodified from time to time, or under
              any similar or other law relating to bankruptcy, insolvency,
              reorganization or other relief for debtors; the appointment of a
              receiver, trustee, custodian or liquidator of or for any part of
              the assets or property

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              of any Borrower or Third Party Obligor; any Borrower or Third
              Party Obligor becomes insolvent, makes a general assignment for
              the benefit of creditors or is generally not paying its debts as
              they become due; or any attachment or like levy on any property of
              any Borrower or Third Party Obligor.

                     (c)    The death or incapacity of any individual Borrower
              or Third Party Obligor, or the dissolution or liquidation of any
              Borrower or Third Party Obligor which is a corporation,
              partnership, joint venture or other type of entity.

                     (d)    Any default in the payment or performance of any
              obligation, or any dined event of default under any provisions of
              any contract, instrument or document pursuant to which any
              Borrower or Third Party Obligor has incurred any obligation for
              borrowed money, any purchase obligation, or any other liability of
              any kind to any person or entity, including the holder,

                     (e)    Any financial Statement provided by any Borrower or
              Third Party Obligor to Bank proves to be incorrect, false or
              misleading in any material respect.

                     (f)    My sale or transfer of all or a substantial or
              material part of the assets of any Borrower or Third Party Obligor
              other than in the ordinary course of its business.

                     (g)    Any violation or breach of any provision of, or any
              defined event of default under, any addendum to this Note or any
              loan agreement, guaranty, security agreement, deed of trust
              mortgage or other document executed in connection with or securing
              this Note."

       4.     The following provisions are hereby deemed incorporated into the
Note:

                     "(a)   So long as Bank remains committed to extend credit
              to Borrower under this Note and until payment in full of all
              obligations of Borrower hereunder, Borrower shall:

                     (i)    provide to Bank all of the following, in form and
              detail satisfactory to Bank:

                            (x)    not later than 120 days after and as of the
                     end of each fiscal year, an audited financial statement of
                     Borrower, prepared by a certified public accountant
                     acceptable to Bank, to include balance sheet and income
                     statement;

                                      -2-
<PAGE>

                            (y)    not later than 45 days after and as of each
                     June 30th and December 31st, an operating statement and
                     rent roll covering property located at 1365 Gravenstein
                     Highway South, Sebastopol, CA 95472("Real Property");

                            (z)    from time to time such other information as
                     Bank may reasonably request.

                     (ii)   maintain Borrower's financial condition as follows
              using generally accepted accounting principles consistently
              applied and used consistently with prior practices (except to the
              extent modified by the definitions herein):

                            (y)    Debt Service Coverage Ratio not less than
                     1.05 to 1.00 (or, subject to the terms of the next
                     paragraph, 1.25 to 1.00), determined as of each fiscal year
                     end, with "Debt Service Coverage Ratio" calculated with
                     respect to the real property which secures the "Note" (the
                     "Real Property") and defined as (A) actual rents received
                     on the Real Property less the operating expenses directly
                     chargeable to the Real Property, not including
                     depreciation, and the proportionate share of joint
                     operating expenses not chargeable to a specific property
                     but chargeable to the rental operations generally, divided
                     by (B) scheduled debt service on the Note during the
                     applicable period;

                            (z)    Liquid assets (defined as the aggregate of
                     unrestricted and unencumbered cash and readily marketable
                     securities acceptable to Bank) with an aggregate fair
                     market value not at any time less than Six Hundred Thousand
                     Dollars $600,000.00, provided however, that this covenant
                     shall become inoperative and Bank shall release the cash
                     collateral obtained under Section 5 of this Addendum if and
                     when the Debt Service Coverage Ratio described in the
                     preceding paragraph is first equal to or greater than 1.25
                     to 1.00, following which time the Debt Service Coverage
                     Ratio shall at all times be equal to or greater than 1.25
                     to 1.00.

                     (iii)  not create, incur, assume or permit to exist any
              indebtedness or liabilities resulting from borrowings, loans or
              advances, whether secured or unsecured, matured or unmatured,
              liquidated or unliquidated, joint or several, except (a) the
              liabilities of Borrower to Bank, and (b) any other liabilities of
              Borrower existing as of, and disclosed to Bank prior to, the date
              hereof;

                                      -3-
<PAGE>

                     (iv)   not merge into or consolidate with any other entity;
              make any substantial change in the nature of Borrowers business as
              conducted as of the date hereof; acquire all or substantially all
              of the assets of any other entity; nor sell, lease, transfer or
              otherwise dispose of all or a substantial or material portion of
              Borrower's assets except in the ordinary course of its business;

                     (v)    not mortgage, pledge, grant or permit to exist a
              security interest in, or lien upon, all or any portion of
              Borrower's assets now owned or hereafter acquired, except any of
              the foregoing in favor of Bank or which is existing as of, and
              disclosed to Bank in writing prior to, the date hereof.

                     (b)    ARBITRATION:

                     (i)    ARBITRATION. Upon the demand of any party, any
              Dispute shall be resolved by binding arbitration in accordance
              with the terms of this Note. A "Dispute" shall mean any action,
              dispute, claim or controversy of any kind, whether in contract or
              ton, statutory or common law, legal or equitable, now existing or
              hereafter arising under or in connection with, or in any way
              pertaining to, this Note and each other document, contract and
              instrument required hereby or now or hereafter delivered to Bank
              in connection herewith (collectively, the "Documents"), or any
              past, present or future extensions of credit and other activities,
              transactions or obligations of any kind related directly or
              indirectly to any of the Documents, including without limitation,
              any of the foregoing arising in connection with the exercise of
              any self-help, ancillary or other remedies pursuant to any of the
              Documents. Any party may by summary proceedings bring an action in
              court to compel arbitration of a Dispute. Any part who fails or
              refuses to submit to arbitration following a lawful demand by any
              other party shall bear all costs and expenses incurred by such
              other party in compelling arbitration of any Dispute.

                     (ii)   GOVERNING RULES. Arbitration proceedings shall be
              administered by the American Arbitration Association ("AAA") or
              such otter administrator as the parties shall mutually agree upon
              in accordance with the AAA Commercial Arbitration Rules. All
              Disputes submitted to arbitration shall be resolved in accordance
              with the Federal Arbitration Act (Title 9 of the United States
              Code), notwithstanding any conflicting choice of law provision in
              any of the Documents. The arbitration shall be conducted at a
              location in California selected by the AAA or other administrator.
              If there is any inconsistency between the terms hereof and any
              such rules, the terms and procedures set forth herein shall
              control. All statutes of limitation applicable to any Dispute
              shall apply to

                                      -4-
<PAGE>

              any arbitration proceeding. All discovery activities shall be
              expressly limited to matters directly relevant to the Dispute
              being arbitrated. Judgment upon any award rendered in an
              arbitration may be entered in any court having jurisdiction;
              provided however, that nothing contained herein shall be deemed to
              be a waiver by any party that is a bank of the protections
              afforded to it under 12 U.S.C. SS. 91 or any similar applicable
              state law.

                     (iii)  NO WAIVER; PROVISIONAL REMEDIES; SELF-HELP AND
              FORECLOSURE. No provision hereof shall limit the right of any
              party to exercise self-help remedies such as setoff, foreclosure
              against or sale of any real or personal property collateral or
              security, or to obtain provisional or ancillary remedies,
              including without limitation injunctive relief, sequestration,
              attachment, garnishment or the appointment of a receiver, from a
              court of competent jurisdiction before, after or during the
              pendency of any arbitration or other proceeding. The exercise of
              any such remedy shall not waive the right of any party to compel
              arbitration or reference hereunder.

                     (iv)   ARBITRATOR QUALIFICATIONS AND POWERS; AWARDS.
              Arbitrators must be active members of the California State Bar or
              retired judges of the state or federal judiciary of California,
              with expertise in the substantive law applicable to the subject
              matter of the Dispute. Arbitrators are empowered to resolve
              Disputes by summary rulings in response to motions filed prior to
              the final arbitration hearing. Arbitrators (i) shall resolve all
              Disputes in accordance with Me substantive law of the State of
              California, (ii) may grant any remedy or relief that a court of
              the State of California could order or grant within the scope
              hereof and such ancillary relief as is necessary to make effective
              any award, and (iii) shall have the power to award recovery of all
              costs and fees, to impose sanctions and to take such other actions
              as they deem necessary to the same extent a judge could pursuant
              to the Federal Rules of Civil Procedure, the California Rules of
              Civil Procedure or other applicable law. Any Dispute in which the
              amount in controversy is $5,000,000 or less shall be decided by a
              single arbitrator who shall not render an award of greater than
              $5,000,000 (including damages, costs, fees and expenses). By
              submission to a single arbitrator, each party expressly waives any
              right or claim to recover more than $8,000.000. Any Dispute in
              which the amount in controversy exceeds $5,000,000 shall be
              decided by majority vote of a panel of three arbitrators; provided
              however, that all three arbitrators must actively participate in
              all hearings and deliberations.

                                      -5-
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                     (v)    REAL PROPERTY COLLATERAL; JUDICIAL REFERENCE.
              Notwithstanding anything herein to the contrary, no Dispute shall
              be submitted to arbitration if the Dispute concerns indebtedness
              secured directly or indirectly, in whole or in part, by any real
              property unless (i) the holder of the mortgage, lion or security
              interest specifically elects in writing to proceed with the
              arbitration, or (ii) all parties to the arbitration waive any
              rights or benefits that might accrue to them by virtue of the
              single action rule statute of California, thereby agreeing that
              all indebtedness and obligations of the parties, and all
              mortgages, liens and security interests securing such indebtedness
              and obligations, shall remain fully valid and enforceable. If any
              such Dispute is not submitted to arbitration, the Dispute shall be
              referred to a referee in accordance with California Code of Civil
              Procedure Section 638 ET SEQ., and this general reference
              agreement is intended to be specifically enforceable in accordance
              with said Section 63a. A referee with the qualifications required
              herein for arbitrators shall be selected pursuant to the AAA's
              selection procedures. Judgment upon the decision rendered by a
              referee shall be entered in the court in which such proceeding was
              commenced in accordance with California Code of Civil Procedure
              Sections 644 and 645.

                     (vi)   MISCELLANEOUS. To the maximum extent practicable,
              the AAA, the arbitrators and the parties shall take all action
              required to conclude any arbitration proceeding within 180 days of
              the firing of the Dispute with the AAA. No arbitrator or other
              party to an arbitration proceeding may disclose the existence,
              content or results thereof, except for disclosures of information
              by a party required in the ordinary course of its business, by
              applicable law or regulation, or to the extent necessary to
              exercise any judicial review rights set forth herein. If more than
              one agreement for arbitration by or between the parties
              potentially applies to a Dispute, the arbitration provision most
              directly related to the Documents or the subject matter of the
              Dispute shall control. This Note may be amended or modified only
              in writing signed by Bank and Borrower. If any provision of this
              Note shall be held to be prohibited by or invalid under applicable
              law, such provision shall be ineffective only to the extent of
              such prohibition or invalidity, without invalidating the remainder
              of such provision or any remaining provisions of this Note. This
              arbitration provision shall survive termination, amendment or
              expiration of any of the Documents or any relationship between the
              parties.

       5.     In addition to the Real Property (in which Bank has been granted a
lien of first priority), as security for all indebtedness of Borrower to Bank
under this Note, Borrower hereby grants to Bank security interest of first
priority in Borrower's Well's Fargo Bank Business Premium Market rate Account #
1596905800 in the amount of $90,000.00.

                                      -6-
<PAGE>

All of the foregoing shall be evidenced by and subject to the terms of such
security agreements, financing statements, deeds of trust and other documents as
Bank shall reasonably require, all in form and substance satisfactory to Bank.
Borrower shall reimburse Bank immediately upon demand for all costs and expenses
incurred by Bank in connection with any of the foregoing security, including
without limitation, filing and recording fees and costs of appraisals, audits
and title insurance.

       THIS ADDENDUM shall cancel and supersede that certain Addendum dated
November 17, 1998.

       IN WITNESS WHEREOF, the parties thereto have executed this Addendum as of
the day and year first written above.

SONOMAWEST HOLDINGS, INC.

By: /s/ GARY L. HESS
        ------------
    Gary L. Hess
    President

                                      -7-EXHIBIT 10.68

         This Agreement  between AMBI INC., a New York corporation  ("Company"),
and FREDRIC D. PRICE ("Price") is hereby entered into as of September 29, 2000.

         In  consideration  of  the  mutual  promises,   terms,   covenants  and
conditions set forth herein, it is hereby agreed as follows:

1.       Resignation, Etc.

         (a)      Price hereby resigns as an officer, director, manager and
                  employee of the Company and its NutritionU.com, Inc. and other
                  direct and indirect corporate, partnership and LLC
                  subsidiaries.

         (b)      Except for an Invention and Secrecy Agreement dated August 30,
                  1994, the options referred to below and except for the right
                  of Price to be indemnified by the Company under the Company's
                  certificate of incorporation and by laws and under the
                  Company's directors and officers insurance policies, all
                  employment and other agreements and commitments between the
                  Company and Price are hereby terminated. The terminated
                  agreements and commitments, include, without limitation, the
                  letter agreement effective April 1, 1998 between the Company
                  and Price and any agreements or commitments in the form of
                  Board resolutions.

2.       Consultancy.

         (a)      The Company hereby retains Price who agrees to be available as
                  a consultant on matters relating to NutritionU.com from time
                  to time , consistent with Price's expertise and his personal
                  and other business commitments. Price may perform his services
                  by phone or in person.

         (b)      Term of Consultancy.

The  consultancy  shall  commence on the date hereof and shall  terminate on the
earlier of June 30, 2004 or the date on which there shall be a change in control
of the Company.

         (i)      A "change in control" shall be deemed to occur:

                  (A)      when any "person" is or becomes a "beneficial owner"
                           (as defined in Rule 13d-3 under the Securities
                           Exchange Act of 1934 (the "Act")) directly or
                           indirectly, of securities of the Company representing
                           30% or more of the total voting power represented by
                           then outstanding voting securities of the Company, or
                           has the power (whether as a result of stock
                           ownership, revocable or

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                           irrevocable proxies, contract or otherwise) or
                           ability to elect or cause the election of directors
                           consisting at the time of such election of a majority
                           of the Board; or

                  (B)      upon the sale of all or substantially all of the
                           Company's assets, or any merger or other business
                           combination other than any merger or business
                           combination which would result in the voting
                           securities of the Company outstanding immediately
                           prior thereto continuing to represent (either by
                           remaining outstanding or by being converted into
                           voting securities of the surviving entity) at least
                           30% of the total voting power represented by the
                           voting securities of the Company or such surviving
                           entity outstanding immediately after such merger or
                           business combination.

         (c)      In full compensation for his availability as a consultant:

                  (i)      The Company shall during the term of the consultancy
                           pay to Price a fee of $206,250 for the period from
                           October 1, 2000 through June 30, 2001, and a fee at
                           the annual rate of $100,000 thereafter. Such fees
                           shall be payable in bi-weekly installments, except
                           that on the occurrence of a change of control, the
                           Company shall pay to Price in a lump sum, without
                           discount, the fees that would have been paid to him
                           thereafter through June 30, 2004 had the term of the
                           consultancy continued to that date. To the extent
                           permissible by law, there shall be no withholding
                           deductions. In the event of Price's death,
                           disability, or incapacity, such fees shall be paid to
                           Price or his personal representative, as the case may
                           be, for the duration of the above term.

                  (ii)     The Company shall during the term of the consultancy
                           afford to Price all employee benefits which were
                           afforded to him prior to the date hereof. Such
                           benefits shall in all events terminate if and when
                           Price obtains full time employment with a third
                           party.

                  (iii)    The Company hereby vests Price in all options the
                           Company has granted to him. Any option that would
                           have expired prior to June 30, 2004 is extended until
                           June 30, 2004. Notwithstanding any contrary provision
                           in the options, he or his personal representative may
                           exercise such options throughout the term of this
                           consultancy.

                  (iv)     The Company hereby forgives that portion of a $59,500
                           loan to Price which the Company has not forgiven
                           heretofore.

3.       No Other Compensation. Except as set forth in this Agreement and
except for (i) vacation pay earned but not taken and (b) expenses incurred as
requested by the Company or any of its subsidiaries, Price is entitled to no
compensation or benefits from the Company for any matter or thing, whether for
severance or otherwise.

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<PAGE>

4.       Confidentiality and Non-Compete Agreements.

         (a)      The term "confidential information" includes, but is not
                  limited to:

                  (i)      the name of any company or business all or any
                           substantial part of which is or at any time was a
                           candidate for potential acquisition by the Company,
                           together with all analyses and other information
                           which the Company has generated, compiled or
                           otherwise obtained with respect to such candidate,
                           business or potential acquisition, or with respect to
                           the potential effect of such acquisition on the
                           Company's business, assets, financial results or
                           prospects;

                  (ii)     proprietary business, pricing and management methods;

                  (iii)    proprietary finances, strategies, systems, research,
                           surveys, plans, reports, recommendations and
                           conclusions;

                  (iv)     arrangements with, or other information relating to,
                           the Company's customers, suppliers, representatives
                           and other persons who have business relationships
                           with the Company; and

                  (v)      Proprietary technical information, work products and
                           know-how, including software and programming.

         (b)      Confidential information does not include any information
                  which is known or available from any third party without
                  breach of any obligation to the Company, or which is or
                  becomes available to the public without breach by Price of any
                  obligation to the Company.

         (c)      Until June 30, 2004:

                  (i)      Price will not disclose any confidential information
                           to any person or entity, whether prepared by him or
                           others.

                  (ii)     Price will not directly or indirectly use any
                           confidential information other than as directed by
                           the Company.

         (d)      During the period beginning on the date hereof and ending on
                  the later of June 30, 2004 or the second anniversary of the
                  date of termination of the consultancy, Price will not
                  anywhere directly or indirectly (whether as an owner, partner,
                  employee, consultant, broker, contractor or otherwise, and
                  whether personally or through other persons, provided that
                  ownership of neither (i) shares of NutritionU nor (ii) less
                  than 3% of the stock of a company other than NutritionU does
                  not constitute "ownership" for the purposes of this Section):

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<PAGE>

                  engage in any aspect of the business of offering nutrition
                  education services over the Internet;

                  (i)      retain or employ any person or entity who on the date
                           of this Agreement is an employee of the Company or
                           any of its subsidiaries (except to the extent that
                           such person or entity is fired or laid off by the
                           Company at a subsequent time); or

                  (ii)     solicit or encourage any person to leave the employ
                           of the Company or any of its subsidiaries.

         (e)      Price understands that the provisions of this Section have
                  been carefully designed to restrict his activities to the
                  minimum extent which is consistent with the Company's
                  requirements. Price has carefully considered these
                  restrictions, and Price confirms that they will not unduly
                  restrict his ability to obtain a livelihood.

         (f)      Since monetary damages will be inadequate and the Company will
                  be irreparably damaged if the provisions of this Section are
                  not specifically enforced, the Company shall be entitled,
                  among other remedies to seek an injunction restraining any
                  violation of this Section (without any bond or other security
                  being required) by Price and by any person or entity to whom
                  Price provides or proposes to provide any services in
                  violation of this Section.

         (g)      If any provision contained in this Section is determined to be
                  void, illegal or unenforceable, in whole or in part, then the
                  other provisions contained herein shall remain in full force
                  and effect as if the provision which was determined to be
                  void, illegal, or unenforceable had not been contained herein.

         (h)      The courts enforcing this Section shall be entitled to modify
                  the duration and scope of any restriction contained herein to
                  the extent such restriction would otherwise be unenforceable,
                  and such restriction as modified shall be enforced.

5.       Return of Materials.

         (a)      Price will promptly on request deliver to the Company all
                  files, papers, recordings and other documents (whether in
                  note, memo or other document form or on video, audio or
                  computer tapes or discs or otherwise) that are then in his
                  possession, custody or control, whether prepared by him or
                  others, and which relate in any

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<PAGE>

                  way to the Company or any of its subsidiaries (except to the
                  extent that such files, papers, recordings and other documents
                  are necessary for Price to possess as a shareholder of
                  NutritionU).

         (b)      Price acknowledges that all files, papers, recordings and
                  other documents (whether in note, memo or other document form
                  or on video, audio or computer tapes or discs or otherwise)
                  that at any time come into Price's possession, custody or
                  control, whether prepared by him or others, and which relate
                  to the Company or any of its subsidiaries (except to the
                  extent that such files, papers, recordings and other documents
                  are necessary for Price to possess as a shareholder of
                  NutritionU), is and shall at all times be and remain, the
                  property of the Company.

6.       Cooperation in Proceedings; No Derogation.

         (a)      Price will for no compensation (other than the payment of his
                  out of pocket expenses) cooperate fully and at reasonable
                  times with the Company and its subsidiaries in all litigations
                  and regulatory proceedings on which the Company or any
                  subsidiary seeks his assistance and as to which he has any
                  knowledge or involvement. Without limiting the generality of
                  the foregoing, Price will make himself available to testify at
                  such litigations and other proceedings, and he will cooperate
                  with the Company's counsel in preparing materials and offering
                  advice in such litigations and other proceedings.

         (b)      Price will not from and after the date hereof, in any way or
                  to any person, denigrate or derogate the Company or any of its
                  subsidiaries, or any their officers, directors, products,
                  services or procedures, whether or not such denigrating or
                  derogatory statements shall be true and are based on acts or
                  omissions which are learned by Price from and after the date
                  hereof or on acts or omissions which occur from and after the
                  date hereof, or otherwise.

         (c)      The Company will not from and after the date hereof, in any
                  way or to any person, denigrate or derogate Price or any of
                  his services or procedures, whether or not such denigrating or
                  derogatory statements shall be true and are based on acts or
                  omissions which are learned by Company from and after the date
                  hereof or on acts or omissions which occur from and after the
                  date hereof, or otherwise.

General Release.

         (d)      Price hereby generally releases, remises and forever
                  discharges the Company, and any subsidiary or related company,
                  and each and every employee, officer, agent and attorney of
                  each releasee (both individually and in their corporate
                  capacity), and their successors and assigns, of and from all
                  actions, agreements (including any employment or other
                  agreement), causes of actions, suits, debts, claims and
                  demands whatsoever in law or in equity which Price ever had,
                  now have and

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<PAGE>

                  which Price or Price's heirs or executors, administrators or
                  assigns, or any of them, hereafter can, shall or may have as
                  of this date, known and unknown, and whether or not relating
                  to Price's employment or the termination thereof, but
                  excluding Price's rights under this Agreement (including the
                  rights as to his options as provided herein), and excluding
                  also his rights to indemnification under the Company's
                  certificate of incorporation and by laws and the Company's
                  directors and officers insurance policies.

         (e)      The Company hereby generally releases, remises and forever
                  discharges Price of and from all actions, agreements
                  (including any employment or other agreement), causes of
                  actions, suits, debts, claims and demands whatsoever in law or
                  in equity which the Company ever had, now has and which the
                  Company hereafter can, shall or may have as of this date,
                  known and unknown, and whether or not relating to Price's
                  employment or the termination thereof, but excluding the
                  Company's rights under this Agreement and the Invention and
                  Secrecy Agreement dated August 30, 1994.

7.       Miscellaneous.

         (a)      There are no oral representations, understandings or
         agreements with the Company or any of its officers, directors or
         representatives covering the same subject matter as this Agreement.

         (b)      Price has been represented by David Faust, Esq. in connection
         with this Agreement.

         (c)      This written Agreement is the final, complete and exclusive
         statement and expression of the agreement between the Company and Price
         and of all the terms of this Agreement, and it cannot be varied,
         contradicted or supplemented by evidence of any prior or
         contemporaneous oral or written agreements. This written Agreement may
         not be later modified except by a further writing signed by the Company
         and Price, and no term of this Agreement may be waived except by
         writing signed by the party waiving the benefit of such terms. The
         Company and Price have prepared this Agreement on a mutual basis, and
         this Agreement shall not be construed against any party by reason of
         its representative's having served as draftsperson hereof.

         (d)      No Waiver. No waiver by the parties hereto of any default or
         breach of any term, condition or covenant of this Agreement shall be
         deemed to be a waiver of any subsequent default or breach of the same
         or any other term, condition or covenant contained herein.

         (e)      Binding Effect. This Agreement shall be binding upon the
         parties thereto and their respective heirs, successors and assigns.

         (f)      Notice. Whenever any notice is required hereunder, it shall be
         given in writing addressed as follows:

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                  To the Company:

                           AMBI, Inc.
                           4 Manhattanville Road
                           Purchase, New York 10577

                  with a copy to:   Benjamin T. Sporn c/o the Company

                  and another copy to:

                           Oscar D. Folger, Esq.
                           521 Fifth Avenue, 24th floor
                           New York, New York 10175

                  (i)      To Price:

                           Mr. Fredric D. Price
                           64 Quarry Lane
                           Bedford, New York 10506

         (g)      Notice shall be deemed given and effective (a) three business
         days after the deposit in the U.S. mail of a writing addressed as above
         and sent first class mail, certified, return receipt requested, (b) one
         business day after delivered to a nationally recognized air courier for
         next day delivery service, or (c) upon personal delivery. Either party
         may change the address for notice by notifying the other party of such
         change in accordance with this Section.

         (h)      This Agreement may be signed in counterparts and by fax.

         (i)      Governing Law; Resolution of Disputes; Service of Process.
         This Agreement shall in all respects be construed according to the laws
         of the State of New York. All disputes relating to the interpretation
         and enforcement of the provisions of this Agreement shall be resolved
         and determined exclusively by the state or federal courts sitting in
         the State of New York. The parties waive trial by jury. Service of
         process shall be effective when given in the manner provided for
         notices hereunder.

                                            AMBI INC.

                                            BY:  /s/ BENJAMIN T. SPORN
                                                 ---------------------
                                                 Benjamin T. Sporn
                                                 Senior Vice President

                                            /s/ FREDRIC D. PRICE
                                            --------------------
                                            Fredric D. Price

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