Document:

amacore_8k-ex1016.htm

    Exhibit
10.16

     

    

    MUTUAL
COMPROMISE SETTLEMENT AGREEMENT

    AND
GENERAL RELEASE OF CLAIMS

     

    The
parties (individually, a "Party" and collectively, the "Parties") to this Mutual
Compromise Settlement Agreement and General Release of Claims are: AmeriPlan
Corporation, The Amacore Group, Inc., Zurvita, Inc., TransMark Financial
Services, Inc. and Mark Jarvis.

     

    Definitions:

     

    "AmeriPlan"
means AmeriPlan Corporation, a Texas corporation, with its principle office
located at 5700 Democracy Drive, Plano, TX 75024 and its principals, officers,
directors, managers, shareholders, employees, contractors, attorneys, agents,
representatives, subsidiaries, parents, assigns, successors, and affiliated or
associated entities of what ever kind.

     

    "Amacore"
means The Amacore Group, Inc., a Delaware corporation with its principal office
located at 485 North Keller Road, Suite 450, Maitland, FL 32751 and its
principals, officers, directors, managers, shareholders, employees, contractors,
attorneys, agents, representatives, subsidiaries, parents, assigns, successors,
and affiliated or associated entities of what ever kind.

     

    "Zurvita"
means Zurvita, Inc., a Delaware corporation, with its principal office located
at 9601 Katy Freeway, Houston, TX 77024, and its principals, officers,
directors, managers, shareholders, employees, contractors, attorneys, agents,
representatives, subsidiaries, parents, assigns, successors, and affiliated or
associated entities of what ever kind.

     

    "TransMark"
means TransMark Financial Services, Inc., a Texas corporation, with its
principle office located at 5700 Democracy Drive, Plano, TX 75024 and its
principals, officers, directors, managers, shareholders, employees, contractors,
attorneys, agents, representatives, subsidiaries, parents, assigns, successors,
and affiliated or associated entities of what ever kind.

     

    "M.
Jarvis" means Mark Jarvis, 8 Norvell Court, Houston, TX 77024,

     

    "Settlement
Agreement" means this Mutual Compromise Settlement Agreement and General
Release.

     

    "Effective
Date" means as to each Party the date of their/its execution of this Settlement
Agreement.

    

    
      
        
           

        

        
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    Litigation By and Among the
Parties:

     

    Mark Jarvis and Zurvita, Inc. vs.
AmeriPlan Corporation v. Alan Masters v The Amacore Group, Inc., Patty Duke,
Rusty Duke, Gail Powers-Weitl and Rick Weitl, 192nd
Judicial District Court, Dallas County, Texas; Cause No.
DC-08-01101-K.

     

    Transmark Financial Services, Inc.,
v. Mark Jarvis d/b/a Trans National Services, Inc. (FEIN #98-XXXXX64), OR
TRANSNATIONAL SERVICES GROUP, INC. (FEIN # 76- XXXXX78),OR TRANS, INC., (FEIN #
52-0000061), ET AL, 416th
Judicial District Court, Collin County, Texas; Cause No.
416-01564-2008.

     

    Scope of
Settlement:

     

    The
Parties desire to enter into this Mutual Compromise and Settlement Agreement in
order to avoid further trouble, expense and litigation and to discharge all
claims, counter-claims and causes of action, known or unknown, including,
without limitation, the allegations set forth in the litigation described above
and the related litigation in Dallas and Collin Counties, Texas involving Joel
Marius, Scott McCollum, Carolyn Miller, Roger Moody, Dottie Riden, John Rodgers,
Vivienne Russell, Marjorie Sacket, Richard Sacket, Chris Smith, Melva Calvin,
Connie Dellafave, Steve Dellafave, Andrin Duli, Maurice Ferris, Peggy
Frederickson, Wendy Hiemenz, Jennifer Horton, Elizabeth Howison Shawna Maltz,
Dexter White, Rodney Williams, William Hebert, Jennifer Welch, George Ramsey,
Chris Gee, Matt Dillon, and Frank Jarvis.

     

    The
Parties intend that the full terms and conditions of the compromise and
settlement be set forth in this Settlement Agreement.

     

    NOW, THEREFORE, for good an
valuable consideration, the sufficiency of which is hereby acknowledged, the
Parties agree as follows:

     

    1. Each
Party warrants and represents that they have the power and authority to enter
into this Settlement
Agreement and that this Settlement Agreement is valid, binding and enforceable
upon each.

     

    2. Each
Party warrants and represents that it owns or controls the claim or claims
asserted or released in this Settlement Agreement and that no part of the claim
or claims have been assigned or transferred to any other person or
entity.

     

    Settlement Terms:

     

    3.  Amacore
and Zurvita shall, upon execution of this Settlement Agreement, deliver to
AmeriPlan, ONE MILLION ONE HUNDRED FIFTY THOUSAND DOLLARS ($1,150,000.00), by
wire transfer.

    

    
      
        
           

        

        
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    4. Zurvita
shall, on or before 2:00 PM EDT, Friday, June 19, 2009 execute this Settlement
Agreement and (as the "Debtor") deliver a promissory note to AmeriPlan (the
"Creditor") in the principal amount of SIX HUNDRED THOUSAND DOLLARS
($600,000.00) bearing interest at the rate of 7.5% per annum, payable in 24
monthly installments of Twenty Six Thousand Nine Hundred Ninety-Nine and 76/100
Dollars ($26,999.76) beginning July 1, 2009, and each month thereafter until
paid in full. The form of promissory note is attached as Exhibit "A" and
incorporated herein.

     

    5. Amacore
shall, execute this Settlement Agreement and deliver a corporate guarantee of
the Zurvita promissory note to AmeriPlan in the form attached hereto as Exhibit
"B" and incorporated herein.

     

    6. AmeriPlan
and TransMark shall, upon delivery and acceptance of the consideration, dismiss
or cause to have dismissed the claims and counter-claims in the above-styled and
numbered causes described, with prejudice.

     

    7. The
Amacore Group, Inc., Zurvita, Inc. and Mark Jarvis shall, upon execution of this
Settlement Agreement, dismiss or cause to have dismissed the claims and
counter-claims in the above-styled and numbered cause, with
prejudice.

     

    8. The
Amacore Group, Inc., Zurvita, Inc. and Mark Jarvis covenant and agree that
neither of them shall not use any confidential or proprietary information of
AmeriPlan to knowingly solicit or knowing attempt to solicit any of the members
or independent business owners of AmeriPlan for the benefit of any other person,
firm, or corporation (the "Prohibited Activities").

     

    9. The
Amacore Group, Inc., Zurvita, Inc. and Mark Jarvis agree that AmeriPlan may
have, in addition to any other remedies available at law, an injunction
restraining an alleged breach of the Prohibited Activities against the party
alleged to have breached the terms of the Prohibited Activities, and that a
temporary restraining order may be issued, upon sworn application made by
AmeriPlan setting forth the facts constituting any such alleged Prohibited
Activities.

    

    
      
        
           

        

        
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    10. On the Effective Date each of
AmeriPlan, The Amacore Group, Inc., Zurvita, Inc. and Mark Jarvis, releases and
forever discharges each Party from any and all claims, demands, and causes of
action, known or unknown, of whatever kind or character, that each of them has or
may have against any of the Parties based in whole or in part on any
events that have occurred prior to their/its Effective Date of this Settlement
Agreement and all claims, demands, and causes of action that arise out of or are
connected in any way with the allegations stated in the litigation matters set
forth above.

     

    11. This
release is to be construed as the broadest type of general release. To the
extent that any claims or causes of action have not been released by this
Settlement Agreement, AmeriPlan, The Amacore Group, Inc., Zurvita, Inc. and Mark
Jarvis, hereby assign those claims or causes of action to the Parties
generally.

     

    
      12.  The
following claims shall be excepted from the foregoing Release: 

       

      12.1 Any
claim for breach of this Settlement Agreement; or

    

     

    12.2 Any
claim a Party would otherwise have under this Settlement Agreement or applicable
law for indemnification from the other against a third party claim, where such
third party claim is made subsequent to the Effective Date.

     

    13. The
Parties understand and agree that in making this settlement, the acceptance by
the Parties of the consideration stated is in full accord and satisfaction of
all disputed claims and the delivery of the consideration is not now, nor at any
time in the future, to be construed as an admission of liability by any Party,
all of which has been expressly denied and vigorously contested .

     

    14. The
Parties further agree that there are no understandings, oral or otherwise as to
the terms of settlement, except as set forth in this Agreement, and that upon
execution of this Agreement, no Party is entitled to rely on any promise,
inducement, assurance or expectation unless it is contained herein in
writing.

     

    15. The
Parties understand and agree that in making this settlement, the acceptance by
the Parties of the consideration stated is in full accord and satisfaction of
all disputed claims and the delivery of the consideration is not now, nor at any
time in the future, to be construed as an admission of liability by any Party,
all of which has been expressly denied and vigorously contested .

     

    16. The
Parties each warrant and represent that they have not disclosed the fact of
settlement negotiations, terms or content of settlement negotiation, the terms
of settlement, existence of settlement or any other information regarding the
negotiations or settlement to any third parties.

    

    
      
        
           

        

        
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    Confidentiality:

     

    17. As
further consideration for the actions undertaken by the Parties and as an
essential part of this Settlement Agreement, the Parties each agree to keep the
terms of this Settlement Agreement in absolute confidence, and promise that they
and all persons or entities subject to their control or influence, except for
the fact that a settlement agreement has been reached, shall not disclose or
communicate the terms of settlement, or information about the negotiations or
settlement to any person or entity at any time, except to the extent that
disclosure is required by law or is reasonably necessary to enforce the terms
hereof; and, that the performance of the Parties is conditioned upon strict
honoring of this confidentiality provision.

     

    Indemnification:

     

    18. Amacore,
Zurvita and M. Jarvis shall be responsible for the performance of Alan Masters,
Patty Duke, Rusty Duke, Gail Powers-Weitl, Rick Weitl, Joel Marius, Scott
McCollum, Carolyn Miller, Roger Moody, Dottie Riden, John Rodgers, Vivienne
Russell, Marjorie Sacket, Richard Sacket, Chris Smith, Melva Calvin, Connie
Dellafave, Steve Dellafave, Andrin Duli, Maurice Ferris, Peggy Frederickson,
Wendy Hiemenz, Jennifer Horton, Elizabeth Howison, Shawna Maltz, Dexter White,
Rodney Williams, William Hebert, Jennifer Welch, George Ramsey, Chris Gee, Matt
Dillon, and Frank Jarvis, (the "Other Parties") in connection with the execution
their individual Settlement Agreements. In the event one or more of the Other
Parties fails or refuses to execute their Settlement Agreement, Amacore, Zurvita
and M. Jarvis hereby agree to indemnify, defend and save AmeriPlan harmless of
and from any and all claims, demands, losses, expenses, attorney fees, causes of
action, judgments, damages, and liability which are brought or may be brought by
the Other Parties (or anyone claiming by, through or under them).

     

    Administrative
Provisions:

     

    19. This
Settlement Agreement shall be governed by, and construed and enforced in
accordance with the laws of the State of Texas.

     

    20. In the
event of breach of this Settlement Agreement by one party, not withstanding
anything in this Settlement Agreement to the contrary, the other party may bring
legal action in a court of competent jurisdiction to enforce the terms of this
Settlement Agreement. The prevailing party in any such action shall be entitled
to recover all reasonable costs and expenses incurred in connection with such
action, including reasonable attorney's fees.

     

    

    
      
        
           

        

        
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    22. If any
provision of this Settlement Agreement not essential to the purpose and
intention of the parties is or may be held by a court having jurisdiction to be
invalid, void or unenforceable, the remaining provisions shall survive and
continue in full force and effect.

     

    23. This
Settlement Agreement shall have no term and shall be binding on the Parties and
their successors and assigns, and shall inure to the benefit of the Parties and
their successors and assigns.

     

    24. This
Settlement Agreement represents the entire agreement among the Parties and
supersedes all prior written or oral agreement respecting the subject matter of
this Settlement Agreement.

     

    25. This
Settlement Agreement may not be amended, altered, modified or changed in any way
except in writing signed by all Parties.

     

    26. This
Settlement Agreement may be executed in multiple originals.

     

    SIGNED
effective as of the date opposite each entity and/or person's
signature.

    

     

     

    
      
        	
                AMERIPLAN:

              	 
      
	
                AmeriPlan
      Corporation

                 

              	 
      
	
                /s/
      Dennis Bloom

              	
                Date:  7/7/2009

              
	
                Dennis
      Bloom,

              	 
      
	
                Chief
      Executive Officer

                 

              	 
      
	
                AMACORE:

              	 
      
	
                The
      Amacore Group, Inc.

              	 
      
	 
      	 
      
	
                /s/
      Jay
      Shafer                           
      

              	
                Date:  7/9/2009

              
	
                Jay
      Shafer,

              	 
      
	
                Chief
      Executive Officer

                 

              	 
      
	
                ZURVITA:
      Zurvita, Inc.

                 

              	 
      
	
                /s/
      Mark
      Jarvis                           
      

              	
                Date   7/9/
      2009

              
	
                Mark
      Jarvis, President

                 

              	 
      
	
                TRANSMARK:

              	 
      
	
                TransMark
      Financial Services, Inc.

              	 
      
	 
      	 
      
	
                /s/
      Daniel
      Bloom                           
      

              	
                Date:  7/7/2009

              
	
                Daniel
      Bloom, President

              	 
      
	 
      	 
      
	
                /s/
      M.
      Jarvis                                   
      

              	
                
                  Date   7/9/
      2009

                

              
	
                Mark
      Jarvis

              	 
      

      

    

     

     

     

     

     

    Page 6globalres_s1a4-ex1033.htm

    Exhibit
10.33

     

    
      AGREEMENT AND GENERAL
RELEASE

       

      Global Resource
Corporation, a Nevada corporation ("Global"), and Wayne J.
Koehl,
his heirs, executors, administrators, successors, and assigns
(collectively referred to throughout this Agreement and General Release as "Employee"), agree
that:

       

      1.            Last Day of Employment.
Employee's last day of employment with Global
was April 17, 2009, as of which date Employee retired from
employment.

       

      2.             Consideration. In consideration
for signing this Agreement and General Release
and complying with its terms, and so long as Employee complies with the terms of
this Agreement and General Release, including, without limitation, Section 6
hereof, Global agrees:

       

      a. to
continue to pay to Employee salary for a period of six (6) months
and two (2) weeks from the date set forth in Section 1 above (the "Compensation Period") at Employee's current
annual base rate of pay, less lawful deductions, provided
that Global receives within ten (10) calendar days from the date of Employee's
execution of this Agreement and General Release a letter from Employee signed by
him in the form attached hereto as Exhibit "A";

       

      b. to pay to
Employee any bonuses that would have been payable to Employee
pursuant to Section 3 of his employment letter with Global dated September 23,
2008 (the "Employment Letter") based upon sales made by Global solely to
Biofuels, Inc. as if Employee had remained in the employment of Global at the
time of such sales (for the sake of clarification, bonuses will not be paid on
sales made other than to Biofuels, Inc.);

       

      c. if
Employee properly and timely elects to continue medical coverage
under Global's current health care benefits plan in accordance with the
continuation requirements of COBRA, Global shall pay for the cost of the premium
for such coverage for a period of six (6) months and two (2) weeks beginning on
the last day of employment. Thereafter, Employee shall be entitled to elect to
continue such COBRA coverage for the remainder of the COBRA period, at
Employee's own expense, subject to the provisions of the American Recovery and
Reinvestment Act of 2009; and

       

      d. that
Employee shall be entitled to retain options to purchase 200,000
shares of Global Common Stock previously granted to him and which have already
vested and options to purchase an additional 200,000 shares of Global Common
Stock previously granted to him and which were to vest on September 23, 2009 but
which shall now be immediately vested; provided, however, that the grant of all
such options remains subject to the approval of the stockholders in
accordance with the terms of the original grant thereof and such options may not
be exercised prior to such approval being obtained.

       

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      3.            No Consideration Absent Execution of this Agreement and
General Release. Employee understands
and agrees that Employee would not receive the monies and/or benefits specified
in Section 2 above, except for Employee's execution of this Agreement and
General Release and the fulfillment of the promises contained
herein.

       

      4.            General Release of Claims.
Employee knowingly and voluntarily releases
and forever discharges Global, its parent corporation, affiliates, subsidiaries,
divisions, predecessors, insurers, successors and assigns, and their current and
former employees, attorneys, officers, directors and agents thereof, both
individually and in their business capacities, and their employee benefit plans
and programs and their administrators and fiduciaries (collectively referred to
throughout the remainder of this Agreement and General Release as
"Releasees"), of and from
any and all claims, known and unknown, asserted or unasserted, which the
Employee has or may have against Releasees as of the date of execution of this
Agreement and General Release, including, but not limited to, any alleged
violation of:

       

      
        
          	
                	
                  ·  

                	
                  Title
      VII of the Civil Rights Act of
1964;

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  Sections
      1981 through 1988 of Title 42 of the United States
  Code;

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  The
      Employee Retirement Income Security Act of 1974 ("ERISA") (except for any
      vested benefits under any tax qualified benefit
  plan);

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  The
      Immigration Reform and Control Act;

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  The
      Americans with Disabilities Act of
1990;

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  The
      Age Discrimination in Employment Act of 1967
  ("ADEA");

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  The
      Worker Adjustment and Retraining Notification
  Act;

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  The
      Fair Credit Reporting Act;

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  The
      Family and Medical Leave Act;

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  any
      other federal, state (including, without limitation, the State of New
      Jersey) or local law, rule, regulation, or
  ordinance;

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  any
      public policy, contract, tort, or common law;
or

                

        

        
          	 	 	 
	
                	
                  ·  

                	
                  any
      basis for recovering costs, fees, or other expenses including attorneys'
      fees incurred in these
matters.

                

        

      

       

       

       

      
        
          
          

        

        
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      5.           
Acknowledgments
and
Affirmations.

       

      Employee
affirms that Employee has not filed, caused to be filed, or presently is a party
to any claim against Global, Employee
affirms that Employee has been paid and/or has received all compensation, wages,
bonuses, commissions, and/or benefits to which Employee may be entitled.
Employee affirms that Employee has been granted any leave to which Employee was
entitled under the Family and Medical Leave Act or related state or local leave
or disability accommodation laws and has not been retaliated against for taking
such leave.

       

      Employee
affirms that, except and to the extent specifically remaining in force pursuant
to provisions of Section 2 hereof, all his existing employment arrangements with
the Company, including, without limitation, pursuant to the Employment Letter,
are terminated and that he is not entitled to any further compensation of any
kind thereunder, including, without limitation, salary, stock options and
post-termination compensation. For the sake of clarification, Employee affirms
that options to purchase an aggregate of 600,000 shares of Global Common Stock
previously granted to him that were to vest beginning September 23, 2010 are
forfeited.

       

      Employee
also affirms that he has resigned in all capacities as an officer of the
Company.

       

      Employee
further affirms that Employee has no known workplace injuries or occupational
diseases.

       

      Employee
also affirms that Employee has not divulged any proprietary or confidential
information of Global and will continue to maintain the confidentiality of such
information consistent with Global's policies and Employee's agreements with
Global and/or common law.

       

      Employee
further affirms that Employee has not been retaliated against for reporting any
allegations of wrongdoing by Global or its officers, including any allegations
of corporate fraud. Both Parties acknowledge that this Agreement and General
Release does not limit either party's right, where applicable, to file or
participate in an investigative proceeding of any federal, state or local
governmental agency. To the extent permitted by law, Employee agrees that if
such an administrative claim is made, Employee shall not be entitled to recover
any individual monetary relief or other individual remedies.

       

      Employee
also affirms that all of Global's decisions regarding Employee's pay and
benefits through the date of Employee's execution of this Agreement and General
Release were not discriminatory based on age, disability, race, color, sex,
religion, national origin or any other classification protected by
law.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

       

      6.           Confidentiality
and Return of Property; Non-Competition and Non- Solicitation.

       

      Employee
agrees not to disclose any information regarding the existence or substance of
this Agreement and General Release, except to Employee's spouse, tax advisor,
and/or an attorney with whom Employee chooses to consult regarding Employee's
consideration of this Agreement and General Release, or as otherwise permitted
by law.

       

      Employee
affirms that Employee has returned all of Global's property, documents, and/or
any confidential information in Employee's possession or control. Employee also
affirms that Employee is in possession of all of Employee's property that
Employee had at Global's premises and that Global is not in possession of any of
Employee's property.

       

      Employee
acknowledges that during the course of his employment with the Company, he has
become familiar with the Company's trade secrets and other confidential
information and Employee agrees that during the Compensation Period and for a
six (6) month period thereafter (the "Non-Compete Period"),
Employee shall not directly or indirectly own any interest in, manage,
control, participate in, consult, with, render services for, or in any manner
engage in any business involved in the business of the Company conducted or
contemplated to be conducted by the Company during the period of Employee's
employment within any geographical area in which the Company engaged in such
business or planned to engage in during the period of Employee's employment.
Nothing herein shall prohibit Employee from being a passive owner of not more
than 2% of the outstanding stock of any class of a corporation which is publicly
traded, so long as Employee has no active participation in the business of such
corporation.

       

      During
the Non-Compete Period, Employee shall not, directly or indirectly through
another person or entity, (i) induce or attempt to induce any employee of the
Company to leave the employ of the Company, or in any way interfere with the
relationship between the Company and any employee thereof, (ii) hire any person
who was an employee of the Company at any time during the period of Employee's
employment with the Company, or (iii) induce or attempt to induce any client,
customer, supplier or other business relation of the Company to cease doing
business with the Company or in any way interfere with the relationship between
any such client, customer, supplier or business relation and the
Company.

       

      Further,
at no time shall Employee shall make any negative or disparaging statements or
communications regarding the Company to any third party.

       

      If, at
the time of enforcement of this Section 6, a court holds that the restrictions
stated herein are unreasonable under circumstances then existing, the parties
hereto agree that the maximum period, scope or geographical area reasonable
under such circumstances shall be substituted for the stated period, scope or
area. The parties hereto
agree that money damages

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      would not
be an adequate remedy for any breach of this Section 6. Therefore, in the event
of a breach or threatened breach of this Agreement, the Company or its
successors or assigns, in addition to other rights and remedies existing in
their favor, shall be entitled to specific performance and/or injunctive or
other equitable relief from a court of competent jurisdiction in order to
enforce, or prevent any violations of, the provisions hereof (without posting a
bond or other security). In addition, in the event of an alleged breach or
violation by Employee of this Section 6, the Non-Compete Period shall be tolled
until such breach or violation has been duly cured. Employee acknowledges that
the restrictions contained in this Section 6 are reasonable and that Employee
has reviewed the provisions of this Section 6 with his legal
counsel.

       

      7.           
Governing Law and
Interpretation. This Agreement and General Release
shall be governed and conformed in accordance with the laws of the state in
which Employee worked at the time of Employee's last day of employment without
regard to its conflict of laws provision. In the event of a breach of any
provision of this Agreement and General Release, either party may institute an
action specifically to enforce any term or terms of this Agreement and General
Release and/or to seek any damages for breach. Should any provision of this
Agreement and General Release be declared illegal or unenforceable by any court
of competent jurisdiction and cannot be modified to be enforceable, excluding
the general release language, such provision shall immediately become null and
void, leaving the remainder of this Agreement and General Release in full force
and effect.

       

      8.            Non-Admission of Wrongdoing.
The Parties agree that neither this Agreement
and General Release nor the furnishing of the consideration for this Agreement
and General Release shall be deemed or construed at any time for any purpose as
an admission by Releasees of wrongdoing or evidence of any liability or unlawful
conduct of any kind.

       

      9.            Amendment. This Agreement and
General Release may not be modified, altered
or changed except in writing and signed by both Parties wherein specific
reference is made to this Agreement and General Release.

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

       

       

      10.         
Entire
Agreement. This
Agreement and General Release sets forth the entire
agreement between the Parties hereto, and fully supersedes any prior agreements
or understandings between the Parties. Employee acknowledges that Employee has
not relied on any representations, promises, or agreements of any kind made to
Employee in connection with Employee's decision to accept this Agreement and
General Release, except for those set forth in this Agreement and General
Release.

       

      EMPLOYEE
IS ADVISED THAT EMPLOYEE HAS UP TO TWENTY- ONE (21) CALENDAR DAYS TO CONSIDER
THIS AGREEMENT AND GENERAL RELEASE. EMPLOYEE ALSO IS ADVISED TO CONSULT WITH AN
ATTORNEY PRIOR TO EMPLOYEE'S SIGNING OF THIS AGREEMENT AND GENERAL
RELEASE.

       

      EMPLOYEE
MAY REVOKE THIS AGREEMENT AND GENERAL RELEASE FOR A PERIOD OF SEVEN (7) CALENDAR
DAYS FOLLOWING THE DAY EMPLOYEE SIGNS THIS AGREEMENT AND GENERAL RELEASE. ANY
REVOCATION WITHIN THIS PERIOD MUST BE SUBMITTED, IN WRITING, TO GLOBAL TO THE
ATTENTION OF ERIC SWAIN AND STATE, "I HEREBY REVOKE MY ACCEPTANCE OF OUR
AGREEMENT AND GENERAL RELEASE." THE REVOCATION MUST BE PERSONALLY DELIVERED TO
ERIC SWAIN OR HIS/HER DESIGNEE, OR MAILED TO ERIC SWAIN AND POSTMARKED WITHIN
SEVEN (7) CALENDAR DAYS AFTER EMPLOYEE SIGNS THIS AGREEMENT AND GENERAL
RELEASE.

       

      EMPLOYEE
AGREES THAT ANY MODIFICATIONS, MATERIAL OR OTHERWISE, MADE TO THIS AGREEMENT AND
GENERAL RELEASE DO NOT RESTART OR AFFECT IN ANY MANNER THE ORIGINAL UP TO
TWENTY-ONE (21) CALENDAR DAY CONSIDERATION PERIOD.

       

      EMPLOYEE
FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT
AND GENERAL RELEASE INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS EMPLOYEE
HAS OR MIGHT HAVE AGAINST RELEASEES.

       

      The
Parties knowingly and voluntarily sign this Agreement and General Release as of
the date(s) set forth below:

       

       

       

       

      
        
          	 	 	GLOBAL RESOURCE
    CORPORATION 
	
                  By:

                	
                  

                	
                  

                

        

      

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

       

      
      

      
        
          	
                  Employee
      Name: Wayne J.
      Koehl

                	 
      	
                  Title:

                
	 
      	 
      	 
      
	
                  Date
      4/27, 2009

                	 
      	
                  Date:
      May 9, 2009

                

        

      

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]