Document:

PENALTY
      SETTLEMENT
      AGREEMENT

    

    This
      Penalty
      Settlement
      Agreement
      (the “Agreement”) dated as of March 10, 2008 is made between Chatsworth Data
      Solutions, Inc., a Nevada corporation (the “Company”), and Vision Opportunity
      Master Fund Ltd. (the “Majority Investor”), with respect to an Investor Rights
      Agreement dated as of July 31, 2006 between the Company, the Majority Investor
      and the other Purchasers listed on Schedule 1 attached thereto (the “Original
      Agreement”). Capitalized terms not defined in this Agreement shall have the
      meanings given them in the Original Agreement.

    

    RECITALS:

    

    WHEREAS,
      the Purchasers have, under the Original Agreement, a right to receive certain
      Periodic Amounts as liquidated damages for late registration of the Registrable
      Securities described thereunder, as described in Section 7(e) of the Other
      Agreement (the “Late Registration Penalties”); and 

    

    WHEREAS,
      pursuant to Section 7(g) of the Other Agreement, the Majority Investor, as
      the
      Holder of at least a majority of the Registrable Securities, may amend or waive
      any of the provisions of the Other Agreement; and 

    

    WHEREAS,
      the Company and the Majority Investor have agreed to settle and compromise
      the
      Late Registration Penalties, and to waive all future penalties in respect
      thereof; 

    

    NOW
      THEREFORE, in consideration of the mutually negotiated promises, covenants,
      and
      obligations in this Agreement, the parties reach a final settlement in respect
      of the Late Registration Penalties as set forth below:

    

    1. Upon
      the
      receipt of the consideration described in section 2 below, the Purchasers hereby
      waive all past, present and future Late Registration Penalties, for all past,
      present and future circumstances.

    

    2. Simultaneous
      with the delivery of this Agreement, the Company shall issue to each of the
      Purchasers its duly executed 12% Promissory Note, in the form attached hereto
      as
      Exhibit A (single, a “Note” and collectively, the “Notes”), in the principal
      amount set forth next to such Purchaser’s name on Schedule
      1
      hereto.

    

    3. The
      parties acknowledge that the principal sum of the Notes is intended to reflect
      the Late Registration Penalties which have accrued through February 29, 2008,
      and the Purchasers’ potential ability after that to use SEC Rule 144 for resales
      (subject to the requirements of Rule 144). 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4. The
      Company hereby represents and warrants to the Purchasers as follows as of the
      date hereof:

    

    (a) Authorization
      and Enforcement.
      (i) The
      Company has the requisite power and authority to enter into and perform its
      obligations under this Agreement and the Notes; (ii) the execution, delivery
      and
      performance of this Agreement and the Notes by the Company and the consummation
      by it of the transactions contemplated hereby and thereby have been duly
      authorized by the Company's Board of Directors and no further consent or
      authorization of the Company, its Board of Directors or its stockholders is
      required; and (iii) this Agreement and the Notes constitute valid and binding
      obligations of the Company enforceable against the Company in accordance with
      their respective terms.

    

    (b) No
      Conflicts.
      The
      execution, delivery and performance of this Agreement and the Notes by the
      Company and the consummation by the Company of the transactions contemplated
      hereby and thereby will not (i) result in a violation of the Certificate of
      Incorporation (including without limitation the Certificate) or the bylaws
      of
      the Company; or (ii) conflict with, or constitute a default (or an event which
      with notice or lapse of time or both would become a default) under, or give
      to
      others any rights under, or result in termination, amendment, acceleration
      or
      cancellation of, any agreement, indenture or instrument to which the Company
      or
      any of its subsidiaries is a party or result in a violation of any law, rule,
      regulation, order, judgment or decree applicable to the Company or any of its
      subsidiaries or by which any property or assets of the Company or any of its
      subsidiaries is bound or affected.

    

    5. This
      Agreement constitutes the entire agreement of the parties with respect to the
      subject matter hereof. Any negotiations, understandings or agreements, prior
      or
      contemporaneous, written or oral, with respect to such subject matter are
      superseded hereby and merged herein. This Agreement may not be amended except
      in
      writing.

    

    IN
      WITNESS WHEREOF, the parties hereto have caused this Penalty Settlement
      Agreement to be duly executed by their respective authorized persons as of
      the
      date first indicated above.

    

    
      	
              THE
                COMPANY:

            
	 
	
              CHATSWORTH
                DATA SOLUTIONS, INC.

            
	 	 
	
              By:

            	
               

            
	
              Name: 

            	
               

            
	
              Title: 

            	
               

            

    

    

    Schedule
      1 to Penalty Settlement Agreement-Page 2

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              MAJORITY
                INVESTOR:

            
	 
	
              VISION
                OPPORTUNITY MASTER FUND LTD.

            
	 	 
	
              By:

            	
               

            
	
              Print Name:   

            	 
	
              Title:

            	 

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    EXHIBIT
      A

    

    CHATSWORTH
      DATA SOLUTIONS, INC.

    

    PROMISSORY
      NOTE

    

    
      	
              March
                10, 2008

            	
              $________

            

    

    

    Chatsworth
      Data Solutions, Inc., a Nevada corporation (the “Company”), hereby promises to
      pay to the order of [Name of Purchaser] the principal amount of $_______
      together with interest thereon calculated from the date hereof in accordance
      with the provisions of this Note.

    

    This
      Note
      is issued pursuant to a Penalty Settlement Agreement, entered into as of March
      10, 2008 (as amended and modified from time to time, the “Agreement”), between
      the Company and Vision Opportunity Master Fund, Ltd. (“Vision”), amending that
      certain Investor Rights Agreement dated as of July 31, 2006 between the Company,
      Vision and the other Purchasers listed on Schedule 1 attached
      thereto.

    

    1. Payment
      of Interest.
      Except
      as otherwise expressly provided in paragraph 3(b) hereof, interest shall accrue
      at the rate of twelve percent (12%) per annum on the unpaid principal amount
      of
      this Note outstanding from time to time, or (if less) at the highest rate then
      permitted under applicable law. The Company shall pay to the holder of this
      Note
      all accrued interest on the date the principal amount of this Note is due
      (whether at maturity or otherwise). Unless prohibited under applicable law,
      any
      accrued interest which is not paid on the date on which it is due and payable
      shall bear interest at the same rate at which interest is then accruing on
      the
      principal amount of this Note until such interest is paid. Interest shall accrue
      on any principal payment due under this Note and, to the extent permitted by
      applicable law, on any interest which has not been paid on the date on which
      it
      is due and payable until such time as payment therefor is actually delivered
      to
      the holder of this Note. 

    

    If
      the
      Adjusted Share Price (as hereinafter defined) of the Company’s Common Stock,
      $0.00001 par value (the “Common Stock”), is equal to or greater than $0.25 for
      any period of five (5) consecutive trading days ending prior to March 10, 2010,
      then the Company shall have the option of paying all or any portion of the
      accrued interest in shares of its Common Stock, in an amount of shares equal
      to
      the quotient obtained by dividing the amount of accrued interest by
      $0.20.

    

    As
      used
      herein, the term “Adjusted Share Price” shall mean the closing price of the
      Common Stock on the principal national securities exchange or recognized
      quotation system on which the Common Stock is then traded, before giving effect
      to any adjustment effective after the date hereof resulting from (i) any
      dividend or distribution on the outstanding Common Stock payable in shares
      of
      Common Stock, (ii) any subdivision of the outstanding Common Stock into a
      greater number of shares, (iii) any combination of the outstanding Common Stock
      into a smaller number of shares, or (iv) the issuance of any shares of capital
      stock by reclassification of the Common Stock (including any such
      reclassification in connection with a consolidation or merger in which the
      Company is the surviving corporation). 

     

    Promissory
      Note-Page 1 of 4

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2. Payment
      of Principal on Note.

    

    (a) Scheduled
      Payments.
      The
      Company shall pay the principal amount of $______ (or such lesser principal
      amount then outstanding) to the holder of this Note on March 10, 2010, together
      with all accrued and unpaid interest on the principal amount being
      repaid.

    

    (b) Prepayments.
      The
      Company may not prepay this Note without the prior written consent of the Holder
      which may be withheld for any or no reason. In connection with each prepayment
      of principal hereunder, the Company shall also pay all accrued and unpaid
      interest to the date of prepayment on the principal amount of this Note being
      repaid.

    

    3. Events
      of Default.

    

    (a) Definition.
      For
      purposes of this Note, an Event of Default shall be deemed to have occurred
      if:

    

    (i) The
      Company fails to pay when due and payable (whether at maturity or otherwise)
      the
      full amount of interest then accrued on this Note or the full amount of any
      principal payment on this Note;

    

    (ii) The
      Company fails to perform or observe any other material provision contained
      in
      this Note or in the Agreement, and such failure is not cured within 5 days
      after
      the occurrence hereof;

    

    (iii) Any
      representation, warranty or information contained in the Agreement is false
      or
      misleading in any material respect on the date made; or

    

    (iv) The
      Company or any subsidiary makes an assignment for the benefit of creditors
      or
      admits in writing its inability to pay its debts generally as they become due;
      or an order, judgment or decree is entered adjudicating the Company or any
      subsidiary bankrupt or insolvent; or any order for relief with respect to the
      Company or any subsidiary is entered under the Federal Bankruptcy Code; or
      the
      Company or any subsidiary petitions or applies to any tribunal for the
      appointment of a custodian, trustee, receiver or liquidator of the Company
      or
      any subsidiary, or of any substantial part of the assets of the Company or
      any
      subsidiary, or commences any proceeding (other than a proceeding for the
      voluntary liquidation and dissolution of any subsidiary) relating to the Company
      or any subsidiary under any bankruptcy reorganization, arrangement, insolvency,
      readjustment of debt, dissolution or liquidation law of any jurisdiction; or
      any
      such petition or application is filed, or any such proceeding is commenced,
      against the Company or any subsidiary and either (A) the Company or any such
      subsidiary by any act indicates its approval thereof, consent thereto or
      acquiescence therein or (B) such petition, application or proceeding is not
      dismissed within 60 days.

    

    Promissory
      Note-Page 2 of 4

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    The
      foregoing shall constitute Events of Default whatever the reason or cause for
      any such Event of Default and whether it is voluntary or involuntary or is
      effected by operation of law or pursuant to any judgment, decree or order of
      any
      court or any order, rule or regulation of any administrative or governmental
      body.

    

    (b) Consequences
      of Events of Default.

    

    (i) If
      any
      Event of Default of the type described in subparagraphs 3(a)(i) – (iii) has
      occurred that has not been cured within ten (10) business days from the date
      of
      written notice by the holder of this Note, the interest rate on this Note shall
      increase immediately to the lesser of [18%] or the highest interest rate
      permitted by law.

    

    (ii) If
      an
      Event of Default of the type described in subparagraph 3(a)(iv) has occurred,
      the aggregate principal amount of this Note (together with all accrued interest
      thereon and all other amounts due and payable with respect thereto) shall become
      immediately due and payable without any action on the part of the holders of
      this Note, and the Company shall immediately pay to the holders of this Note
      all
      amounts due and payable with respect to this Note.

    

    (iii) The
      holder of this Note shall also have any other rights which such holder may
      have
      been afforded under any contract or agreement at any time and any other rights
      which such holder may have pursuant to applicable law.

     

    (iv) The
      Company hereby waives diligence, presentment, protest and demand and notice
      of
      protest and demand, dishonor and nonpayment of this Note, and expressly agrees
      that this Note, or any payment hereunder, may be extended from time to time
      and
      that the holder hereof may accept security for this Note or release security
      for
      this Note, all without in any way affecting the liability of the Company
      hereunder.

    

    4. Amendment
      and Waiver.
      Except
      as otherwise expressly provided herein, the provisions of this Note may be
      amended and the Company may take any action herein prohibited, or omit to
      perform any act herein required to be performed by it, only if the Company
      has
      obtained the written consent of the holder of this Note.

    

    Promissory
      Note-Page 3 of 4

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5. Payments.
      All
      payments to be made to the holder of this Note shall be made in the lawful
      money
      of the United States of America in immediately available funds.

    

    6. Place
      of Payment.
      Payments of principal and interest shall be paid by wire transfer of immediately
      available funds to an account designated by the holder of this
      Note.

    

    7. Business
      Days.
      If any
      payment is due, or any time period for giving notice or taking action expires,
      on a day which is a Saturday, Sunday or legal holiday in the State of New York,
      the payment shall be due and payable on, and the time period shall automatically
      be extended to, the next business day immediately following such Saturday,
      Sunday or legal holiday, and interest shall continue to accrue at the required
      rate hereunder until any such payment is made.

    

    8. Governing
      Law.
      All
      issues and questions concerning the construction, validity, enforcement and
      interpretation of this Note shall be governed by, and construed in accordance
      with, the laws of the State of New York, without giving effect to any choice
      of
      law or conflict of law rules or provisions (whether of the State of New York
      or
      any other jurisdiction) that would cause the application of the laws of any
      jurisdiction other than the State of New York.

    

    9. Application
      of Payments.
      All
      payments shall be applied first, to accrued and unpaid interest on the unpaid
      principal balance of this Note and then to the unpaid principal balance of
      this
      Note.

    

    10. Costs
      of Collection.
      If any
      suit or action is instituted or attorneys are employed to collect this Note
      or
      any part hereof, the Company promises and agrees to pay all costs of collection,
      including all court costs and reasonable attorneys' fees based upon customary
      hourly rates and not a percentage of the indebtedness outstanding.

    

    11. WAIVER
      OF JURY TRIAL.
      THE
      COMPANY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER
      THIS
      NOTE WOULD BE BASED UPON DIFFICULT AND COMPLEX ISSUES AND THEREFORE, THE COMPANY
      AGREES THAT ANY COURT PROCEEDING ARISING OUT OF ANY SUCH CONTROVERSY WILL BE
      TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.
      

    

    IN
      WITNESS WHEREOF, the Company has executed and delivered this Note on March
      10,
      2008.

    

    
      	
              THE
                COMPANY:

            
	 
	
              CHATSWORTH
                DATA SOLUTIONS, INC.

            
	 	 
	
              By:

            	
               

            
	
              Print Name:   

            	 
	
              Title:

            	 

    

    

    Promissory
      Note-Page 4 of 4SEPARATION
      AGREEMENT AND RELEASE

     

    This
      SEPARATION AGREEMENT AND RELEASE ("Agreement") is made and entered into as
      of
      this 8th day of April 2008 (the “Effective Date”), by and between Skins, Inc., a
      Nevada corporation (the “Company”), and Antonio Pavan ("Pavan").

     

    WHEREAS,
      Pavan has been employed by the Company as Chief Operating Officer and Executive
      Vice President pursuant to an agreement between Pavan and the Company dated
      April 13, 2007 (referred to herein as the “Employment Agreement”), a copy of
      which is attached hereto as Exhibit A;

     

    WHEREAS,
      Pavan and Company entered into a Non-Qualified Stock Option Agreement dated
      April 13, 2007 (the “Option Agreement”), a copy of which is attached hereto as
      Exhibit B;

     

    WHEREAS,
      on March 27, 2008, Pavan gave the Company notice of his resignation, a copy
      of
      which is attached hereto as Exhibit C;

     

    WHEREAS,
      the parties mutually desire to enter into this Agreement to effectuate the
      termination of Pavan’s employment with the Company and to set forth the benefits
      to be provided to Pavan in exchange for Pavan’s covenants as set forth
      herein;

     

    NOW,
      THEREFORE, in
      consideration of the mutual promises set forth below, the parties agree as
      follows:

     

    1. Termination
      of Employment.
      The
      Company and Pavan agree that Pavan’s employment with the Company terminated by
      virtue of his voluntary resignation at 11:59 p.m. on March 27, 2008 (the
“Termination Date”). Pavan acknowledges that he has received his regular base
      salary and employment benefits under the Employment Agreement through March
      31,
      2008. Pavan agrees that as of March 31, 2008, all compensation, payments,
      benefits or other consideration of any kind provided for under the Employment
      Agreement shall cease and that he is not entitled to any further payments or
      benefits under the Employment Agreement. Pavan specifically acknowledges that
      he
      is not due an annual incentive/performance bonus, pro rata or otherwise, under
      paragraph 3.2 of the Employment Agreement. Following the Termination Date,
      any
      further compensation, payments, benefits or other consideration of any kind
      that
      may be payable to Pavan by the Company shall be governed exclusively by the
      terms of this Agreement.

     

    2. Termination
      of Duties and Responsibilities.
      As of
      the Termination Date, Pavan is relieved of all duties and responsibilities
      of
      employment with the Company and shall have no authority to enter into any
      contracts on behalf of the Company, make any commitments on behalf of the
      Company or to contact or otherwise do business with any customers, vendors
      or
      employees of the Company. Pavan shall not visit any facility of the Company
      as
      of the Termination Date except as expressly requested of him by the President
      of
      the Company.

     

    3. Benefits.

     

    (a) Provided
      that Pavan has not revoked this Agreement pursuant to Paragraph 18 below and
      has
      complied with all terms and conditions of this Agreement, Company shall provide
      Pavan with an Amendment to the Non-Qualified Stock Option Agreement in the
      form
      attached hereto as Exhibit D to amend the Option Agreement (“Amended
      Non-Qualified Stock Option Agreement”). Pavan agrees that the Amended
      Non-Qualified Stock Option Agreement provides for more favorable terms to Pavan
      than those set forth in the Option Agreement. Pavan expressly agrees and
      acknowledges that the Company is under no pre-existing obligation to provide
      Pavan with the Amended Non-Qualified Stock Option Agreement. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) Pavan
      and
      Company agree that they shall not issue any communication or make any statement,
      written or otherwise, that disparages, criticizes or otherwise reflects
      adversely on or encourages any adverse action against the other or the Released
      Parties (as defined below). Pavan further agrees not to make any disparaging
      or
      negative remarks regarding the Company or its products or
      employees.

     

    (c) Pavan
      agrees that other than as expressly stated in this Paragraph 3, he will not
      seek
      anything further from the Company, including any other payment. Pavan further
      agrees that except as expressly set forth in this Agreement, all benefits,
      wages, bonuses, commissions, compensation, deferred compensation or other
      payments provided to Pavan during his employment with the Company or under
      the
      Employment Agreement shall cease as of the Termination Date and the Employment
      Agreement shall terminate; provided, however, that Pavan’s obligations to the
      Company under paragraphs 6 and 7 of the Employment Agreement shall not terminate
      but shall continue in accordance with paragraphs 6 and 7 of the Employment
      Agreement.

     

    4. Release
      And Waiver of Claims. 

     

    (a) “Released
      Parties” means Company and its parents, subsidiaries, affiliates, divisions,
      partners, or predecessors, current and former stockholders, directors, officers,
      employees, and agents
      of
      Company and these companies, and any and all employee pension or welfare benefit
      plans of Company and these companies, including current and former trustees
      and
      administrators of these plans,
      and all
      those who succeed to their rights, interests, or responsibilities.

     

    (b) Pavan
      hereby releases the Released Parties from all claims and rights that Pavan
      has
      against any and all Released Parties, including, but not limited to, any claims
      arising out of or relating to the Employment Agreement, those claims of which
      Pavan is not aware, those claims not mentioned in this Agreement, and all claims
      for attorney’s fees, costs, and interest. Pavan releases the Released Parties
      from all claims and rights resulting from anything that has happened up to
      the
      Termination Date. Pavan’s release of claims does not apply to claims arising
      after the Termination Date.

     

    (c) Pavan
      specifically releases all claims and rights arising from or relating to Pavan’s
      employment or other relationship with the Released Parties, including but not
      limited to any claims or rights Pavan may have under Title
      VII of the Civil Rights Act of 1964, as amended, and the Civil Rights Act of
      1991,
      the
Age
      Discrimination in Employment Act,
      the
Americans
      with Disabilities Act,
      the
      federal or any similar state Worker
      Adjustment and Retraining Notification Act,
      Section
      1981 of the Civil Rights Act of 1866,
      the
Employee
      Retirement Income Security Act,
      the
New
      York State Human Rights Law,
      the
New
      York City Human Rights Act,
      the
New
      York State Equal Pay Law,
      the
New
      York State Labor Law,
      the
New
      York Whistleblower Law,
      the
New
      York State Wage Payment Law,
      the
New
      York State Wage and Hour Law,
      the
New
      York State Minimum Wage Act,
      any
      federal, state or local laws or regulations against discrimination or protecting
      whistleblowers, or any other federal, state, or local law, common law,
      regulation or constitution relating to employment, wages, hours, or any other
      terms and conditions of employment.

     

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

     

    (d) Nothing
      in this Agreement prohibits Pavan from filing a complaint with the United States
      Equal Employment Opportunity Commission, the National Labor Relations Board,
      or
      any similar state or local administrative agency; provided, however, that Pavan
      waives the right to any monetary relief by virtue of filing any such charge
      or
      complaint by or on behalf of Pavan. In addition, this Agreement does not release
      any statutory claims that cannot be released by Pavan as a matter of
      law.

     

    5. Confidentiality
      and Return of Property.
      Pavan
recognizes
      that any knowledge or information of any type whatsoever of a confidential
      nature relating to the business of the Company or any of its parents,
      subsidiaries, divisions or affiliates, including, without limitation, all types
      of trade secrets, client lists or information, information regarding product
      development, production methods and processes, marketing plans, management
      organization, operating policies or manuals, performance results, business
      plans, financial records, or other financial, commercial, business or technical
      information (collectively “Confidential Information”), must be protected as
      confidential, and not copied, disclosed or used other than for the benefit
      of
      the Company at any time, unless and until such knowledge or information is
      in
      the public domain through no wrongful act by Pavan or any other person. Pavan
      further agrees not to divulge to anyone (other than the Company or any persons
      employed or designated by the Company), publish or make use of any such
      Confidential Information without the prior written consent of the Company,
      except by an order of a court having competent jurisdiction or under subpoena
      from an appropriate government agency. Pavan
      further agrees that not later than the Termination Date he will return to the
      Company all of its property and documents (and any copies thereof) including,
      without limitation, all Confidential Information, all computer software and
      disks, all reports, memoranda, notes, records, projections, lists, Company
      or
      client financial information, keys, credit cards, and equipment. Pavan further
      agrees that he will abide by the terms and conditions of paragraph 6 of the
      Employment Agreement, which shall survive this Agreement and continue in full
      force and effect according to its stated terms following the Termination Date.
      

     

    6. Post-Employment
      Restrictive Covenant.
      As a
      condition to his receipt of the Amended Non-Qualified Stock Option Agreement
      Pavan shall be obligated to comply with all provisions of paragraph 6 of the
      Employment Agreement, including the provisions pertaining to non-solicitation
      under paragraph 6.2 and non-competition under paragraph 6.3. 

     

    7. Specific
      Performance.
      The
      parties acknowledge that a breach or threatened breach by Pavan of any of the
      provisions of paragraph 5 or 6 of this Agreement or paragraph 6 or 7 of the
      Employment Agreement may result in material and irreparable damage and injury
      to
      the Company, and that it would be difficult or impossible to establish the
      full
      monetary value of such damage. Therefore, in addition to any other remedies
      that
      may be available to the Company, the Company shall be entitled to injunctive
      relief by a court of appropriate jurisdiction in the event of Pavan’s breach or
      threatened breach of any of the provisions of paragraph 5 or 6 of this Agreement
      or paragraph 6 or 7 of the Employment Agreement.

     

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

    

     

    8. Binding
      Effect.
      This
      Agreement is binding upon anyone who succeeds to the rights, interests or
      responsibilities of the parties. This Agreement may be assigned by the Company.
      Pavan makes the releases contained in this Agreement for the benefit of the
      Released Parties and all who succeed to their rights, interests, or
      responsibilities. This Agreement shall inure to the benefit of and be
      enforceable by Pavan and his personal or legal representatives, executors,
      administrators, heirs, distributees, devisees and legatees. Pavan may not assign
      his obligations under this Agreement. 

     

    9. Enforceability.
      If a
      court rules that any provision of this Agreement is not enforceable in the
      manner set forth in this Agreement, that provision should be enforceable to
      the
      maximum extent possible under applicable law and should be reformed accordingly.
      If a court rules that any provision of this Agreement is invalid or
      unenforceable, that ruling shall not affect the validity or enforceability
      of
      the other portions of this Agreement, which shall continue in full force and
      effect.

     

    10. Entire
      Agreement.
      Except
      as expressly provided for in this Agreement, this Agreement supersedes any
      and
      all prior oral and/or written agreements between the Company and Pavan,
      including any existing oral or written agreements with respect to Pavan’s
      employment with the Company, except that the provisions of paragraphs 6 and
      7 of
      the Employment Agreement shall survive this Agreement. No representations
      regarding the Released Parties' relationship with Pavan, or any obligations
      to
      Pavan, have been made, or survive, except as set forth in this
      Agreement.

     

    11. Amendment.
      This
      Agreement cannot be amended, except by a written document signed by the party
      against whom enforcement of any such amendment is sought.

     

    12. Legal
      Counsel.
      Pavan
      has had ample time to consult with an attorney before signing this Agreement
      and
      acknowledges that he has been advised to consult with an attorney before signing
      this Agreement.

     

    13. Confidentiality.
      Pavan
agrees
      that the existence of and the terms and conditions of this Agreement shall
      forever remain confidential as between the parties and he shall not disclose
      them to any other person, provided however that he may disclose the terms of
      this Agreement to his attorney, accountant, financial advisor and spouse.
      Without limiting the generality of the foregoing, Pavan specifically agrees
      that
      he shall not disclose information regarding this Agreement to any current,
      former or future employee of the Company.

     

    14. Notices.
      All
      notices under this Agreement must be in writing and must be sent via certified
      mail to the appropriate addresses set forth below:

     

    If
      to
      Company:

     

    Skins,
      Inc.

    45
      West
      21st
      Street,
      2nd
      Floor

    New
      York,
      NY 10010

    ATTN:
      Chief Executive Officer

     

    If
      to
      Pavan:

     

    Antonio
      Pavan

    [PERSONAL
      HOME ADDRESS]

     

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

     

    15. Full
      Understanding.
      Pavan
      has read this Agreement carefully, fully understands the meaning of its terms,
      and is signing this Agreement knowingly and voluntarily.

     

    16. Compromise.
      The
      Parties agree and acknowledge that this Agreement is the result of a compromise
      and shall never be construed as an admission of liability, wrongdoing or
      responsibility on the part of the Company. Indeed, the Company expressly denies
      any such liability, wrongdoing or responsibility. 

     

    17. Governing
      Law.
      This
      Agreement shall be interpreted in accordance with the laws of the State of
      New
      York, without regard to its principles of conflicts of law. Any action relating
      to this Agreement shall be instituted in the State of New York and the parties
      agree to submit to the jurisdiction of the state and federal courts of New
      York
      for this purpose. 

     

    18. Period
      for Consideration and Revocation.
      Pavan
      shall have 21 days to consider this Agreement. Pavan may elect, at his option,
      to sign this Agreement in a shorter period of time. Pavan shall have 7 days
      after the Company’s receipt of an executed Agreement from him to revoke his
      acceptance of this Agreement. To be effective, any revocation of this Agreement
      must be in writing and received by the Company no later than the 7th
      day
      after its receipt of an executed Agreement. This Agreement shall not become
      effective or enforceable until the expiration of 7 days after Pavan signs this
      Agreement.

    

    
      	 	 	
              /S/
                ANTONIO PAVAN

            
	 	 	
              ANTONIO
                PAVAN

            
	 	 	 
	 	 	
              Dated:
                April 8, 2008

            
	
              WITNESS

            	 	 
	 	 	
              SKINS,
                INC.

            
	 	 	 
	 	 	
              By:

            	
              /S/
                Deborah Gargiulo 

            
	 	 	 	
              Deborah
                Gargiulo

            
	 	 	 	
              Chief
                Financial Officer

            
	 	 	 	 
	 	 	
              Dated:
                April 8, 2008

            

    

    

    
      
        
        

      

      
        -
          5
          -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]