Document:

Promissory Note

 Exhibit 10.1 
  
 PROMISSORY NOTE 
  
 May 3, 2005 
  
 FOR VALUE RECEIVED, Health Express Food, Inc., a Nevada corporation (“Maker”), hereby promises to pay to the order of Dynamic Marketing I, Inc. (successor by merger to Dynamic Marketing, Inc. with an address at 40 Western
Industrial Drive, Cranston, RI 02921 (“Holder”), or to other such party or parties as the holder of this note (the “Note”) may from time to time designate, the principal amount of $330,992.67 with interest thereon
as specified herein. 
  
 Section 1.
Payment. 
  
 Principal and interest under this Note shall
be paid in 23 monthly installments of $15,000 on or before the 15th day of each month commencing on or before June
15th, 2005 and a 24th payment of the full amount of the then unpaid portion of the principle under this Note together with all accumulated but unpaid interest due thereon plus all accumulated costs, fees and expenses due
in accordance with the terms of this Note due on or before June 15th, 2007 (the “Maturity Date”).

  
 Principal and interest shall be payable in lawful money of the
United States of America at the address of the Holder, or at such other place as the Holder hereof shall designate in writing. 
  
 Subject to the other provisions of this Note, interest shall accrue on the outstanding principal balance at 8% per annum. 
  
 If any amount of principal and/or interest is not paid in full within 10 days
after the same is due, Maker shall pay to Holder a late fee on such unpaid amount equal to 5% of such late payment. 
  
 Section 2. Prepayment. 
  
 Maker shall have the right to prepay this Note, in whole or in part from time to time, without premium or penalty. 
  
 Section 3. Default. 
  
 If any principal or interest payment is not made within 5 days after such
payment is due hereunder, then in addition to all rights and remedies of Holder under applicable law or otherwise, all such rights and remedies being cumulative, not exclusive and enforceable alternatively, successively and concurrently, the entire
amount of this Note shall become immediately due and payable and shall accrue interest thereon at the rate of 14% per annum, whereupon the then unpaid balance hereof shall forthwith become due and payable, plus the costs and expenses of collection
hereof, including, but not limited to, court costs and reasonable attorneys’ fees. 

 In addition to the foregoing, any failure on the part of the Maker to pay any obligations due and owing
to Holder accruing on or after the date hereof shall be deemed a Default under this Note, and in such event, Holder shall have the same default rights as if Maker were in default for failure to pay principal or interest. 
  
 All provisions of this Note and any other agreements between Maker and Holder
are expressly subject to the condition that in no event, whether by reason of acceleration of maturity or otherwise, shall the amount paid or agreed to be paid to Holder which is deemed interest under applicable law exceed the maximum permitted rate
of interest under applicable law (the “Maximum Permitted Rate”), which shall mean the law in effect on the date of this Note, except that if there is a change in such law which results in a higher Maximum Permitted Rate, then this
Note shall be governed by such amended law from and after its effective date. In the event that fulfillment of any provision of this Note or any document, instrument or agreement providing security for this Note results in the rate of interest
charged hereunder being in excess of the Maximum Permitted Rate, the obligation to be fulfilled shall automatically be reduced to eliminate such excess. If, notwithstanding the foregoing, Holder receives an amount which under applicable law would
cause the interest rate hereunder to exceed the Maximum Permitted Rate, the portion thereof which would be excessive shall automatically be deemed a prepayment of and be applied to the unpaid principal balance of this Note. 
  
 Section 4. Waiver and Acknowledgement. 
  
 Maker (i) waives diligence, demand, presentment, protest and notice of any
kind, (ii) agrees that it will not be necessary for any holder hereof to first institute suit in order to enforce payment of this Note, (iii) consents to any one or more extensions or postponements of time of payment or forbearance or other
indulgence, without notice or consent, and (iv) waives any and all claims and defenses of any nature whatsoever with respect to any and all amounts or debts satisfied by this Note. 
  
 Section 5. Modification. 
  
 This Note may not be changed, modified or terminated orally, but only by an agreement in writing signed by the Maker and the
Holder. 
  
 Section 6. Miscellaneous.

  
 This Note shall be governed by and construed in accordance
with the laws of the State of Rhode Island and shall be binding upon the successors and assigns of Maker and inure to the benefit of Holder and its heirs, successors, endorsees and assigns. If any term or provision of this Note shall be held
invalid, illegal or unenforceable, the validity of all other terms and provisions hereof shall in no way be affected thereby. All references to the “Holder” shall apply to his respective successors and assigns. 

 IN WITNESS WHEREOF, the undersigned have executed this Note as of the date first above written.

  

			
	MAKER
	
	 Health Express Food, Inc.

		
	 	 	 /s/ Jack E. Galardi

	 By:
	 	 Jack E. Galardi

	 Title:
	 	 President

 SECURITY AGREEMENT 
  
 Dated as of May 23, 2005 
  
 The undersigned, Health Express Food, Inc., a Nevada corporation with a principal place of business at 713 E. Ogden, Suite
B, Las Vegas, NV 89101 (“Debtor”), and Dynamic Marketing I, Inc. (successor by merger to Dynamic Marketing, Inc. a Rhode Island limited liability partnership with an office at 40 Western Industrial Drive, Cranston, RI 02921
(“Secured Party”) hereby agree as follows: 
  
 ARTICLE 1: GRANT OF SECURITY INTEREST 
  
 The Debtor hereby grants a security interest in and agrees and acknowledges that Secured Party has and will continue to have a security interest in all of
the Debtor’s presently owned and hereafter acquired assets and personal property, including All fixtures and all tangible and intangible personal property of Debtor, whether now owned or hereafter acquired by Debtor, or in which Debtor may now
have or hereafter acquire an interest, including, without limitation, (a) all equipment (including all machinery, tools, furniture), inventory and goods (each as defined in the Uniform Commercial Code); (b) all accounts, accounts receivable, other
receivables, contract rights, chattel paper, and general intangibles (including, without limitation, trademarks, trademark registrations, trademark registration applications, goodwill, tradenames, trade secrets, patents, patent applications,
licenses, permits, copyrights, copyright registrations, copyright registration applications, moral rights, any other proprietary rights, exclusionary rights or intellectual property, and any renewals and extensions associated with any of the
foregoing, as each of the foregoing may be secured under the laws now or hereafter in force and effect in the United States of America or any other jurisdiction) of Debtor (each as defined in the Uniform Commercial Code); (c) all instruments,
documents of title, policies and certificates of insurance, securities, bank deposits, deposit accounts, checking accounts and cash of Debtor; (d) all accessions, additions or improvements to, all replacements, substitutions and parts for, and all
proceeds and products of, all of the foregoing and (e) all books, records and documents relating to all of the foregoing (the “Collateral”), to secure the payment of any and all indebtedness and liabilities whatsoever of the Debtor
to the Secured Party, whether direct, indirect, absolute or contingent, due or to become due and whether now existing or hereafter arising and howsoever evidenced or acquired, including without limitation all indebtedness and liabilities evidenced
by promissory notes, guaranties and checking account overdrafts and including without limitation the Note of even date herewith in the original principal amount of $329,728.12 (as amended, modified, supplemented, or restated from time to time, the
“Note”). All obligations under the Note are collectively referred to herein as the “Obligations.” 
  
 ARTICLE 2: WARRANTIES AND COVENANTS 
  
 Debtor hereby warrants and covenants that: 
  
 2.1. No Filed Financing Statements 
  
 No financing statements covering any Collateral or any proceeds thereof are on file in any public office, and at the sole
discretion of Secured Party, one or more (i) financing 

 statements pursuant to the Uniform Commercial Code, (ii) title certificate lien application forms, and (iii) other
documents necessary or advisable to perfect the security interests evidenced hereby, all in form satisfactory to Secured Party, may be executed and filed by Secured Party; and the Debtor shall take any action required by Secured Party in connection
with the filing and recording of same and will pay the cost of filing the same or filing or recording this agreement in all public offices wherever filing or recording is deemed by Secured Party to be necessary or desirable. 
  
 2.2. Keeping Collateral Free of Encumbrances.

  
 The Debtor will keep the Collateral free from any adverse
lien, security interest or encumbrances except the Permitted Encumbrances. The Debtor will at all times keep accurate and complete records of Accounts, and Secured Party or any of its agents shall have the right to inspect Debtor’s books and
records relating to said Accounts or to any other transactions to which such Debtor is a party and from which an Account might arise. The Secured Party may in its own name or in the names of others, upon an Event of Default, communicate with any
Account debtor in order to verify with them, to Secured Party’s satisfaction, the existence, amount and terms of any Accounts. The Debtor shall immediately notify Secured Party of any event causing a material loss or depreciation in value of
any Account the loss of which results in a material adverse effect to Debtor’s business and the amount of such loss or depreciation, except for write-offs in the ordinary course of business. 
  
 2.3. Delivery of Notes and other Securities, etc.

  
 Upon the occurrence and continuance after applicable grace
periods of an Event of Default, if the Debtor’s Accounts or other Collateral should be evidenced by promissory notes, trade acceptances or other instruments for the payment of money, securities, bonds, membership interests, or any other
instruments evidencing Debtor’s ownership in an entity or entities, the Debtor will immediately deliver same to Secured Party, appropriately endorsed to Secured Party’s order and, regardless of the form of such endorsement, the Debtor
hereby waive presentment, demand or notice of any kind with respect thereto. 
  
 2.4. Payment of Taxes. 
  
 The Debtor will pay promptly when due all taxes and assessments upon the Collateral or for its use or operation or upon this agreement or upon any note or notes secured hereby provided that Debtor shall not be required to pay any such tax
or assessment which is being contested in good faith. 
  
 2.5. Further Action and Documentation. 
  
 Upon
the written request of the Secured Party, and at the sole joint and several expense of the Debtor, the Debtor will promptly execute and deliver such further instruments and documents and take such further actions as the Secured Party may reasonably
deem desirable to obtain the full benefits of this Security Agreement and of the rights and powers herein granted, including, without limitation, obtaining acknowledgments from any third party holding Collateral of the Debtor that such Collateral is
being held for the benefit of the Secured Party, or the taking of 
  

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 other actions pursuant to which the Secured Party will obtain “control” of the Collateral within the
meaning of Sections 9-104 through 9-107 of Article 9 of the Uniform Commercial Code. 
  
 ARTICLE 3: ADDITIONAL RIGHTS OF THE PARTIES 
  
 3.1. Debtor to Possess Collateral. 
  
 Until the occurrence of an Event of Default (defined below) the Debtor may have possession of the Collateral and use it in any lawful manner not
inconsistent with this agreement and not inconsistent with any policy of insurance thereon. 
  
 3.2. Secured Party as Attorney. 
  
 The Debtor hereby irrevocably designates and appoint the Secured Party their respective true and lawful attorney with full power of substitution to
execute, deliver, and record in the name of the any Debtor all financing statements, continuation statements, title certificate lien applications and other documents deemed by the Secured Party to be necessary or advisable to perfect or better
perfect, or to continue the perfection of the security interests granted hereunder. 
  
 3.3. Financing Statement Copies. 
  
 A carbon, photographic, or other reproduction of a security agreement or a financing statement is sufficient as a financing statement. 
  
 ARTICLE 4: EVENTS OF DEFAULT

  
 The Debtor shall be in default under this Security
Agreement upon the happening of any of the following events or conditions (individually and collectively an “Event of Default”): 
  
 4.1. Default under Note. 
  
 Any material default under the payment terms or other terms of the Note referenced by this Agreement, or under any other agreement between the Debtor and
the Secured Party. 
  
 ARTICLE 5: REMEDIES

  
 5.1. Upon Event of Default.

  
 If an Event of Default occurs: 
  
 5.1.1. Acceleration. 
  
 The Secured Party may declare all Obligations secured hereby to be
immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived. 
  

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 5.1.2. Rights Under the Uniform Commercial Code 
  
 The Secured Party may exercise and shall have any and all rights and
remedies accorded it by the Uniform Commercial Code. The Secured Party may require the Debto to assemble the Collateral and make it available to the Secured Party at a place to be designated by the Secured Party which is reasonably convenient to
both parties. The requirement of reasonable notice shall be met, if notice is mailed, postage prepaid, to the Debtor or other person entitled thereto at least 10 days (including non-business days) before the time of sale or disposition of the
Collateral. The Debtor shall pay to the Secured Party on demand any and all out of pocket expenses, including reasonable legal expenses and attorney’s fees, incurred or paid by the Secured Party in protecting or enforcing any rights of the
Secured Party hereunder, including its right to take possession of the Collateral, storing and disposing of the same or in collecting the proceeds thereof. 
  
 5.1.3. Notification of Account Debtor. 
  
 The Secured Party shall have the right to demand from the Debtor a list of all Accounts assigned hereunder and to notify any and all Account debtors to
make payment thereof directly to the Secured Party. The Debtor hereby irrevocably designates and appoints the Secured Party its respective true and lawful attorney with full power of substitution in its own name or in the name of the Debtor to
demand, collect, receive, receipt for, sue for, compound and give acquittance for, any and all amounts due and to become due on the Accounts and to endorse the name of the Debtor on all commercial paper given in payment or part-payment thereof and
in its discretion to file any claim or take any other action which the Secured Party may deem necessary or appropriate to protect and preserve and realize upon the security interest of the Secured Party in the Accounts or the proceeds thereof. The
Secured Party shall also have the right when in possession of any of Debtor’s premises to (a) open all mail addressed to Debtor; (b) change the Post Office box or mailing address of Debtor; and (c) use the Debtor’s stationery and billing
forms or facsimiles thereof, for the purpose of collecting Accounts and realizing upon the Collateral. 
  
 5.2. Waiver of Preseizure Hearing. 
  
 The Debtor understands and agrees that the Secured Party may exercise its rights hereunder without affording the Debtor an opportunity for a preseizure
hearing before the Secured Party, through judicial process or otherwise, takes possession of the Collateral upon the occurrence of an Event of Default, and the Debtor expressly waives its respective constitutional and other rights, if any, to such
prior hearing. 
  
 5.3. Failure to Act Not a
Waiver. 
  
 No delay in accelerating the maturity of any
Obligation as aforesaid or in taking any other action with respect to any Event of Default or in exercising any rights with respect to the Collateral shall affect the rights of the Secured Party later to take such action with respect thereto, and no
waiver as to one Event of Default shall affect rights as to any other default. 
  

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 ARTICLE 6: MISCELLANEOUS 
  
 6.1. Debtor’s Consents and Waivers. 

 
 The Debtor irrevocably: 
  
 6.1.1. Consent to Venue. 
  
 agrees that any suit, action, or other legal proceeding arising out of this
Agreement may be brought in the courts of record of the State of Rhode Island, or the courts of the United States located in the State of Rhode Island; 
  
 6.1.2. Consent to Jurisdiction. 
  
 consents to the jurisdiction of each such court in any such suit, action or proceeding; and 
  
 6.1.3. Wavier of Rights to Object to Venue and Trial by Jury by both
Debtor and Secured Party 
  
 DEBTOR AND SECURED PARTY
MUTUALLY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS
(WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR SECURED PARTY TO MAKE THE LOAN. 
  
 6.2. Severability. 
  
 In case any one or more of the provisions contained herein should be invalid, illegal or unenforceable in any respect, the validity, legality or
enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. 
  
 6.3. Successors and Assigns. 
  
 All rights of Secured Party hereunder shall inure to the benefit of its successors and assigns; and all obligations of the Debtor shall bind the
successors or assigns of the Debtor. This agreement was executed and delivered in the State of Rhode Island and all the provisions hereof shall be construed by and administered in accordance with the local laws of the State of Rhode Island. The
Debtor acknowledges receipt of a copy of this agreement. 
  
 Signatures appear on the following page 
  

 5 

 IN WITNESS WHEREOF, Debtor has executed this Security Agreement on the day and year first written
above. 
  

									
	 DEBTOR:
	 	 	 	 	 	 
			
	 WITNESS:
	 	 	 	 Health Express Food, Inc.

					
	 By:
	 	  

	 	 	 	 By:
	 	 /s/ Jack E. Galardi

	 Name:
	 	  

	 	 	 	 Name:
	 	 Jack E. Galardi

	 	 	 	 	 	 	 Title:
	 	 President

  
 [Signature Page to
Security Agreement]Severance and Settlement Agreement and Release

 Exhibit 10.1 
  
 SEVERANCE AND SETTLEMENT AGREEMENT AND RELEASE 
  
 AGREEMENT made as of the 9th day of June, 2005 (the “Agreement”) by and between Boston Life Sciences, Inc., a Delaware corporation
(the “Company”) and Marc E. Lanser, M.D. of Fayston, Vermont (the “Executive”). 
  
 BACKGROUND 
  
 A. The Company and Executive are parties to an Employment Agreement dated June 10, 2004 (the “Employment Agreement”); 
  

B. On May 5, 2005, Executive provided to the Company a letter of termination under the terms of Executive’s existing Employment Agreement;

  
 C. Effective as of May 10, 2005, the Company notified the
Executive in writing that its obligations under the Employment Agreement would be fulfilled and that the Employment Agreement would not be renewed; 
  
 D. The Executive hereby specifically acknowledges and agrees that the provisions of Sections 7, 8 and 9 of the Employment Agreement (as those provisions
relate to the work performed by Executive under the terms of the Employment Agreement but not as to the work to be performed by Executive under the SAB Agreement, as such term is defined below) will survive termination of said Employment Agreement
and remain binding on the Executive in accordance with the terms of such sections; 
  
 E. The Company and Executive wish to resolve amicably the Executive’s separation from the Company; 
  
 In consideration of the promises and conditions set forth herein, the sufficiency of which is hereby acknowledged, the Company and the Executive agree as
follows: 
  
 1. Termination Date. The Executive’s
effective date of termination from the Company is June 11, 2005 (the “Termination Date”). 

 2. Consideration. In consideration for the execution of this Agreement, and provided this
Agreement becomes binding on the Executive, the Company agrees to provide Executive (or in the event of Executive’s death, Executive’s estate) the following payment and benefits, less any and all applicable state and federal tax
withholdings: 
  

	 	(A)	continued payment of Base Salary (as defined in the Employment Agreement) in the gross amount of $25,666.67 per month for the nine month period commencing on the Termination Date
and ending on March 10, 2006; 

  

	 	(B)	for a period of nine (9) months from the Termination Date, the same or equivalent medical, dental, life and disability insurance coverage that Executive had in force on the
Termination Date, at the Company’s expense. Thereafter, Executive may elect to continue receiving group medical insurance pursuant to the federal “COBRA” law, 29 U.S.C. § 1161 et seq.; and 

  
 Except for the payments provided for in the SAB Agreement referenced below and the vesting of options described in Paragraph
4 below, the foregoing provisions shall constitute the only payments and benefits payable by the Company to the Executive hereunder. 
  
 3. Scientific Advisory Board Consulting Agreement. As further consideration for execution of this Agreement and provided this Agreement becomes
binding on the Executive, the parties agree to execute the SAB consulting agreement (the “SAB Agreement”) attached hereto as Exhibit A in substantially the same form as attached. 
  

 2 

 4. Stock Options. Provided this Agreement becomes binding on the Executive, the parties agree as
follows with respect to the stock options previously granted to the Executive (the “Executive Options”): 
  

	 	(A)	Options to purchase 85,291 shares of common stock will be vested as of the Termination Date. 

  

	 	(B)	Options (issued in March 2005) to purchase 107,314 shares of common stock that were not vested as of the Termination Date will continue to vest on their stated terms and conditions
as long as the Executive continues to perform services under the Agreement. 

  

	 	(C)	In the event that the SAB Agreement is terminated “without cause” (as defined in the SAB Agreement) by the Company prior to June 11, 2007, immediately upon such
termination, all unvested options will vest automatically and will become fully exercisable. 

  

	 	(D)	At such time as the SAB Agreement terminates or expires, the Executive shall be subject to the vesting and exercise provisions of the respective Stock Option Plan (each a
“Plan”) under which each option was issued, unless the Company terminates the SAB Agreement without cause, in which event the options will become fully vested as described above. Each Plan provides for extended vesting and exercise rights
upon termination subject to certain terms and conditions as described in each Plan. The parties agree that the termination date for purposes of determining extended vesting and exercise rights shall be the date on which the Executive ceases to
perform services under the SAB Agreement 

  

 3 

 on account of the termination or expiration of that agreement. The Company confirms that when the SAB
Agreement expires or terminates, notwithstanding any amendment to any Stock Option Plan after the date hereof, any
options held by the Executive that were exercisable on the date of such expiration or termination may be exercised by the Executive for the later of: (i) a period of one year following the date of such expiration or termination, or (ii) a period of
one year from the date any option vests in the twelve month period following such expiration or termination, and (B) any options held by the Executive that were not exercisable on the date of such expiration or termination will continue to vest in
accordance with their original vesting schedule for a period of 12 months following the date of expiration or termination, and any options that vest during such 12-month period may be exercised by the Executive for a period of one year following the
date of such vesting. 
  
 5. Release. In consideration of
the payment of the consideration described above and the Company’s release of claims against Executive set forth below, which Executive acknowledges that he would not otherwise be entitled to receive, Executive hereby fully, forever,
irrevocably and unconditionally releases, remises and discharges the Company, its officers, directors, stockholders, corporate affiliates, subsidiaries, parent companies, agents and employees (each in their individual and corporate capacities)
(hereinafter, the “Released Parties”) from any and all claims, charges, complaints, demands, actions, causes of action, suits, rights, debts, sums of money, costs, accounts, reckonings, covenants, contracts, agreements, promises, doings,
omissions, damages, executions, obligations, liabilities, and expenses 
  

 4 

 (including attorneys’ fees and costs), of every kind and nature which he ever had or now has against the Released
Parties arising out of his employment with and/or separation from the Company, including, but not limited to, all claims pursuant to the Employment Agreement, all employment discrimination claims under Title VII of the Civil Rights Act of 1964, 42
U.S.C. §2000e et seq., the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., the Americans With Disabilities Act of 1990, 42 U.S.C, §12101 et seq., the Family and Medical Leave
Act, 29 U.S.C. § 2601 et seq., the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq., and the Massachusetts Fair Employment Practices Act, M.G.L. c.151B, §1 et seq., all as amended; all
claims arising out of the Fair Credit Reporting Act, 15 U.S.C. §1681 et seq., the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. §1001 et seq., the Massachusetts Civil Rights Act,
M.G.L. c.12 §§11H and 11I, the Massachusetts Equal Rights Act, M.G.L. c.93, §102 and M.G.L. c.214, §1C, the Massachusetts Labor and Industries Act, M.G.L. c.149, §1 et seq., and the Massachusetts Privacy Act,
M.G.L. c.214, §1B, all as amended; all common law claims including, but not limited to, actions in tort, defamation and breach of contract; and any claim or damage arising out of his employment with or separation from the Company (including any
claim for retaliation) under any common law theory or any federal, state or local statute or ordinance not expressly referenced above-except in no event is the Executive releasing the Released Parties (including the Company) from any obligation
under this Agreement, under the SAB Agreement, under any indemnification agreement between the Executive and the Company, or from any other obligation of the Company to indemnify the Executive under the Company’s certificate of incorporation,
bylaws, or other organizational documents. Nothing in this Agreement prevents Executive from filing, cooperating with, or participating in any proceeding before the EEOC or a state Fair Employment Practices Agency (except that Executive acknowledges
that he may not be able to recover any monetary benefits in connection with any such claim, charge or proceeding). 
  

 5 

 In consideration of the undertakings, transactions and consideration recited in this Agreement, the
Company on behalf of itself and the other Released Parties hereby unconditionally and irrevocably remises, releases and forever discharges Executive of and from any and all suits, claims, demands, interest, costs (including attorney fees and costs
actually incurred), expenses, actions and causes of action, rights, liabilities, obligations, promises, agreements, controversies, losses and debts, of any nature whatsoever, which the Company or any other Released Party now has, or at any time
heretofore ever had, or could have had, whether known or unknown, suspected or unsuspected, arising out of, or in connection with, Executive’s employment with the Company, except for the obligations of Executive pursuant to Sections 7, 8, 9 and
10 of the Employment Agreement (but only as those obligations relate to the work performed by Executive under the terms of the Employment Agreement), which obligations shall survive termination of the Employment Agreement in accordance with the
terms of the Employment Agreement. 
  
 6. Return of Company
Property. The Executive agrees to return on his Termination Date all Company property including, but not limited to, keys, files, records (and copies thereof), computer hardware and software, cellular phones, pagers, and Company vehicle,
which is in his possession or control, unless Executive reasonably needs such property in connection with the services to be performed under the SAB Agreement. The Executive further agrees to leave intact all electronic Company documents, including
those which he developed or helped develop during his employment, except for those documents in which Executive is working on in connection with the services to be performed under the SAB Agreement. 
  

 6 

 7. Non-disparagement. The Executive understands and agrees that as a condition for payment to him
of the consideration described herein, he will not make any false, and disparaging statements to any media outlet, industry group, financial institution or current or former employee, consultant, client or customer of the Company regarding the
Company or any of its directors, officers, employees, agents or representatives or about the Company’s business affairs and financial condition. The Company agrees that it will instruct its officers and its Board of Directors not to, and the
Company will not, make any false and disparaging statements about the Executive to any media outlet, industry group, financial institution, academic institution, present or prospective employer of Executive or to any entity or person to which
Executive serves as a consultant or advisor. 
  
 8.
Confidentiality. To the extent permitted by law, the Executive understands and agrees that as a condition for payment to him of the consideration herein described, the terms and contents of this Agreement, and the contents of the negotiations
and discussions resulting in this Agreement, shall be maintained as confidential by the Executive, his agents and representatives and none of the above shall be disclosed except (i) to the extent required by federal or state law, (ii) to the Executive’s tax and legal advisors, (iii) to members of the Executive’s immediate family (iv) or as
otherwise agreed to in writing by the Company. This Section shall become null and void, and the Executive shall have no further obligations under this Section, in the event that the Company files this Agreement in an unredacted fashion with any of
its Securities and Exchange Commission (“SEC”) filings. 
  
 9. Nature of Agreement. The Executive understands and agrees that this Agreement is a severance and settlement agreement and does not constitute an admission of liability or wrongdoing on the part of the Company. The Company
understands and agrees that this Agreement is a severance and settlement agreement and does not constitute an admission of liability or wrongdoing on the part of the Executive. 
  

 7 

 10. Amendment. This Agreement shall be binding upon the parties and may not be abandoned,
supplemented, changed or modified in any manner, orally or otherwise, except by an instrument in writing of concurrent or subsequent date signed by a duly authorized representative of the parties hereto. This Agreement is binding upon and shall
inure to the benefit of the parties and their respective agents, assigns, heirs, executors, successors and administrators. 
  
 11. Waiver of Rights. No delay or omission by any party in exercising any rights under this Agreement shall operate as a waiver of that or any
other right. A waiver or consent given by a party on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 
  
 12. Validity. Should any provision of this Agreement be declared or be
determined by any court of competent jurisdiction to be illegal or invalid, the validity of the remaining parts, terms, or provisions shall not be affected thereby and said illegal or invalid part, term or provision shall be deemed not to be a part
of this Agreement. 
  
 13. Applicable Law. This Agreement
shall be governed by the laws of the Commonwealth of Massachusetts, without regard to conflict of laws provisions. Each party hereby irrevocably submits to the jurisdiction of the courts of the Commonwealth of Massachusetts, or if appropriate, a
federal court located in Massachusetts (which courts, for purposes of this Agreement, are the only courts of competent jurisdiction), over any suit, action or other proceeding arising out of, under, or in connection with this Agreement or its
subject matter. 
  

 8 

 14. Acknowledgments. The Executive acknowledges that he has been given twenty-one (21) days to
consider this Agreement and that the Company advised him to consult with an attorney of his own choosing prior to signing this Agreement. Further, the Executive acknowledges he may revoke this Agreement for a period of seven (7) days after the
execution of this Agreement by notifying Peter G. Savas (with a copy to Steven D. Singer, Company Counsel) in writing, and the Agreement shall not be effective or enforceable until the expiration of this seven (7) day revocation period. 

 
 15. Voluntary Assent. The Executive affirms that no other promises
or agreements of any kind have been made to or with him by any person or entity whatsoever to cause him to sign this Agreement, and that he fully understands the meaning and intent of this Agreement. The Executive states and represents that he has
had an opportunity to fully discuss and review the terms of this Agreement with an attorney. The Executive further states and represents that he has carefully read this Agreement, understands the contents herein, freely and voluntarily assents to
all of the terms and conditions hereof, and signs his name of his own free act. 
  
 16. Entire Agreement. This Agreement contains and constitutes the entire understanding and agreement between the parties hereto with respect to the severance and settlement and supercedes all previous oral and
written negotiations, agreements, commitments, and writings in connection therewith. 
  
 17. Counterparts. This Agreement may be executed in two (2) signature counterparts, each of which shall constitute an original, but all of which taken together shall constitute but one and the same instrument.

  
 [signature page follows] 
  

 9 

 IN WITNESS WHEREOF, all parties have set their hand and seal to this Agreement as of the date written above. 

 

					
	 By:
	 	 /s/ Mark Pykett

	 	Date: June 9, 2005
			
	 By:
	 	 /s/ Marc E. Lanser

	 	Date: June 9, 2005

  

 10

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