Document:

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                                                                    Exhibit 10.8

                              SETTLEMENT AGREEMENT
                    (WITH RELEASES AND COVENANTS NOT TO SUE)

THIS SETTLEMENT AGREEMENT, made as of this 28th day of December, 2006 by and
among:

CONTINAN COMMUNICATIONS, INC., formerly Texxon, Inc., a Nevada corporation
having its principal office located at 11601 Wilshire Blvd, Suite 2030, Los
Angeles, CA 90025 (hereinafter "CONTINAN") and its officers and directors,
Claude Buchert ("BUCHERT"), James Gibson ("GIBSON"), Helene Legendre (LEGENDRE")
and Ross Nordin ("NORDIN");

                                       AND

FIRST BRIDGE CAPITAL, INC., a Texas corporation with its principal office
located at 4414 West Way Ave., Dallas Texas 75205 together with its associates
(hereinafter jointly and severally referred to, as the context may require, as
"FBC")

                                       AND

WALL STREET PR, INC., a Texas corporation with its principal offices located at
15322 Lindita Drive, Houston, Texas 77083, together with CHARLES BINGHAM
("BINGHAM") an adult individual competent to contract (hereinafter jointly and
severally referred to in the singular as "PR" or "BINGHAM")

                                WITNESSETH THAT:

WHEREAS, there have been various transactions, agreements and understandings
between CONTINAN (f/k/a Texxon), on the one hand, and PR, FBC and BINGHAM, on
the other hand, and certain disagreements, misunderstandings, frictions and
disputes have arisen;

WHEREAS, the parties have negotiated with respect to the disagreements,
misunderstandings, frictions and disputes and have reached the terms of a
settlement, for which they desire a written settlement document to evidence and
formalize the terms of such settlement;

NOW, THEREFORE, intending to be legally bound, and in consideration of the
mutual promises and covenants contained herein, the parties have agreed, and do
hereby agree, as follows:

1. On or about July 26, 2006 PR and BINGHAM entered into a Settlement Agreement
with CONTINAN. An anti-dilution provision was inadvertently omitted from the
document due to a drafting oversight and PR/BINGHAM and CONTINAN agreed that the
document was to be amended to include such provision. However, as of the date of
this Agreement, that prior settlement agreement has not been amended in writing.
The relevant parties agree that upon the issuance by CONTINAN of 2,710,000
shares of its Common Stock to PR, hereunder; such settlement agreement will have
been fully complied with. Upon issuance of the 2,710,000 shares, the prior
settlement agreement (and the underlying agreement which it settled) shall
become null and void and of no further effect, all alleged breaches being waived
and all claims thereunder being released. The 2,710,000 shares are being issued
pursuant to the terms of the July 7, 2006 Settlement Agreement (which, however,
inadvertently omitted the anti-dilution clause from the December, 2003
Consulting Agreement which was being settled and which anti-dilution clause was
orally agreed to be added) and the holding period for the 2,710,000 shares is
intended to tack back to the December, 2003 Consulting Agreement.

2. In the Plan and Agreement of Reorganization, between TelePlus, Inc. and
Texxon, Inc. (now CONTINAN), there was a provision for the issuance of common
stock purchase warrants for the purchase of 1,000,000 shares of the Common Stock
of Texxon to BINGHAM. The parties have agreed that such warrants, which have not
been exercised, shall be cancelled and of no further force or effect. BINGHAM
waives any and all claim to such warrants and the formerly referred to, but
unissued, preferred stock. This provision shall not, however, affect the
warrants issued to Hansel and Rosenbaum.

                                       1
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3. On or about August 14, 2006 FBC entered into a certain Funding Agreement with
Texxon, Inc. (now CONTINAN). It has been the position of CONTINAN, BUCHERT,
GIBSON, LEGENDRE and NORDIN that FBC has not timely met its commitments under
such Funding Agreement and there has been disagreement about the intent of the
phrase "up to One Million Dollars". The relevant parties agree that upon the
payment by FBC and its associates of the sum of Three Hundred Twenty Thousand
Dollars ($320,000) by FBC as provided hereunder, such Funding Agreement will
have been fully complied with (BUCHERT, GIBSON, LEGENDRE and NORDIN specifically
concur in this statement) notwithstanding the non-issuance of the warrants to
FBC which issuance is hereby waived (FBC and BINGHAM specifically concur in this
statement and waiver). Upon payment of the $320,000, such Funding Agreement
shall become null and void and of no further effect, all alleged breaches being
waived and all claims thereunder being released.

4. The parties unanimously appoint Richard C. Fox, Esq., of Fox Law Offices,
P.A., counsel to CONTINAN, as ESCROW hereunder, waiving any inherent potential
conflict of interest.

5. On or before Friday, January 5, 2007, time being of the essence:

         (a) FBC shall wire to the ESCROW pursuant to the following wire
instructions the sum of Three Hundred Twenty Thousand Dollars ($320,000):

         First Community Bank
         Santa Fe, New Mexico Branch
         ABA Routing Number 107001452
         For further credit to:  Fox Law Offices, P.A. Trust Account
         Account Number 001539507

         Branch Bank Address:         First Community Bank
                                      600 San Mateo
                                      Santa Fe, New Mexico 87505

         Address of Recipient:

         Fox Law Offices, P.A. 1 Molino Lane, P.O. Box 1097, Pecos, NM 87552

         (b) CONTINAN shall cause its stock transfer agent to issue a
certificate, in the name of PR, for Two Million Seven Hundred Ten Thousand
(2,710,000) shares of its Common Stock, which shares (pursuant to Paragraph 1
above) shall be free-trading and the certificate shall not bear a restrictive
legend and to send via overnight courier, for further delivery to ESCROW at

         Sandra Shell, CPA
         Barraclough & Associates
         1422 Paseo de Peralta
         Santa Fe, NM 87501
         Telephone: (505) 992-1415, ext. 143

         (c) Upon separate receipt of each, ESCROW shall hold the shares and the
funds in safekeeping pending receipt of both. Upon receipt of both, ESCROW shall
simultaneously

         (i) Send the stock certificate for the 2,710,000 shares to PR; and

                                       2
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         (ii) Transfer the sum of Twenty Thousand Dollars to the General Account
of Fox Law Offices, P.A. in payment of the legal fees owing for December 2006
and January 2007; and

         (iii) Wire the remaining $300,000 to CONTINAN pursuant to the wire
instructions to be provided by CONTINAN.

6. (a) FBC, its associates, PR and BINGHAM, have loaned funds to CONTINAN, both
prior to the Funding Agreement, as set forth therein, and subsequently thereto
with the understanding of all parties that upon availability of the Private
Placement for Convertible Preferred Stock all of such advances would be
converted to such Convertible Preferred Stock. FBC, its associates and BINGHAM
agree that the $320,000 being provided pursuant to this Settlement Agreement
shall also be converted to such Convertible Preferred Stock. CONTINAN hereby, as
an inducement to FBC and its associates, PR and BINGHAM to make such conversion,
grant Demand Registration rights to each of such converting lenders, such
registration statement to be at the expense of the party demanding registration.
CONTINAN shall (and shall cause its counsel and auditors) to cooperate in good
faith, with all due speed, to prepare and file and prosecute such Registration
Statement as rapidly as possible. In addition, the terms of the Convertible
Preferred Stock shall include a cumulative dividend, whether or not earned of
eight per cent (8%) per annum, which shall also be convertible on the same terms
as the stated capital, and shall be exercisable at a rate of seventy percent
(70%) of the average closing bid price for a period 20 consecutive trading days
up to and including the day of conversion. Regardless of the date of the
designation of the preferred stock or the date of conversion, the holding period
for such shares shall tack back to the dates on which the respective loans being
converted shall have been made and CONTINAN shall so advise its transfer agent
on the date of each conversion of preferred stock to common stock.

(b) CONTINAN hereby agrees that the holding period for the Convertible Preferred
Stock shall date from the dates that funds were advanced from time to time.
CONTINAN agrees that it will promptly, with all due speed, and in good faith,
secure such opinion of counsel as may be necessary to remove any legends as
permitted under Rule 144 and that it will not interfere with or disrupt the
conversion or the removal of legends.

(c) CONTINAN agrees that monetary damages may be inadequate compensation for any
violation of (b) above and accordingly agrees that FBC, its associates and/or
BINGHAM shall be entitled to equitable relief, including but not limited to a
TRO, Preliminary Injunction and Final Injunction and that in the event that it
is necessary for FBC, its associates or BINGHAM to seek such equitable relief,
CONTINAN shall be solely responsible to the payment of all legal fees and costs
incurred by the party seeking relief. Such payment shall be made within three
(3) business days of written demand by the party to be indemnified.

7. It is the intent of the parties to terminate all prior understandings,
contracts, agreements and commitments between and among them. Accordingly, with
the exception of the on-going contract between CONTINAN and Sandler
Communications Group, Inc., any and all prior understandings, contracts,
agreements and commitments whatsoever, including but not limited to those
specifically set forth in this Settlement Agreement, are hereby terminated,
deemed to be null and void and of no further effect. All rights, duties,
licenses and powers thereunder are forgiven, terminated and released. Each of
the parties hereby releases each of the other parties from any and all claims
arising, directly or indirectly thereunder and covenants not to sue any other
party for any alleged breach thereof.

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IN WITNESS WHEREOF, intending to be legally bound, the parties have executed
this Settlement Agreement as of this 28th day of December, 2006:

CONTINAN COMMUNICATIONS, INC.                      WALL STREET PR, INC.

By: /s/  Claude Buchert                            By: /s/  Charles Bingham
    -------------------                                ---------------------

By: /s/  James Gibson                              FIRST BRIDGE CAPITAL,INC
    -----------------

By: /s/  Helene Legendre                           By: /s/ Richard Badillo
    --------------------                               -------------------

By: /s/  Ross Nordin
    ----------------

                                       4exv10w3

 

EXHIBIT
10.3

ARCHSTONE-SMITH TRUST

2001 LONG-TERM INCENTIVE PLAN

PERFORMANCE UNIT AGREEMENT

     WHEREAS, Archstone-Smith Trust (the “Trust”) selected _______________ as a
Participant (the “Participant”) in the special long-term incentive program (the “Program”)
established October 6, 2005 under the Archstone-Smith Trust 2001 Long-Term Incentive Plan (the
“Plan”);

     WHEREAS, the Participant is eligible to receive performance units based upon the goals
established under the Program for the period beginning January 1, 2006 and ending December 31, 2008
(the “Performance Period”);

     NOW, THEREFORE, IT IS AGREED, by and between the Trust and the Participant as follows:

     1. Award. Subject to the terms of this Agreement and the Plan, the Participant was
granted ___performance units (the “Units”). No dividends or dividend equivalent units will be
earned with respect to the Units during the Performance Period (as defined herein).

     2. Definitions. Except where the context clearly implies or indicates the contrary,
any term used in this Agreement but not defined herein shall have the meaning given such term in
the Plan.

     3. Earning and Forfeiture of Units. Subject to the terms and conditions of the Plan
and this Agreement, the Units awarded hereunder shall be earned in accordance with Exhibit
A. Except as provided in Exhibit A, if the Participant’s Date of Termination occurs
prior to the last day of the Performance Period, all Units shall be immediately forfeited. Any
Units which are not otherwise earned as of the last day of the Performance Period (and which have
not otherwise been forfeited or cancelled prior to the last day of the Performance Period) shall be
forfeited as of the last day of the Performance Period. The Units shall also be forfeited in
accordance with Paragraph 9. For purposes of this Agreement, the Participant’s “Date of
Termination” shall be the date on which he both ceases to be an employee of the Trust and the
Subsidiaries and ceases to perform material services for the Trust and the Subsidiaries, regardless
of the reason for the cessation; provided that a “Date of Termination” shall not be considered to
have occurred during the period in which the reason for the cessation of services is a leave of
absence approved by the Trust or the Subsidiary which was the recipient of the Participant’s
services. The Participant shall be considered to have a “Disability” for purposes of this Agreement
during the period in which he is unable, by reason of a medically determinable physical or mental
impairment, to engage in the material and substantial duties of his regular occupation, which
condition is expected to be permanent.

     4. Settlement of Units. As of the Settlement Date, the Committee shall determine the
number of Units which are earned by the Participant as of the Settlement Date and such Units shall
be settled by transferring to the Participant a number of whole Shares equal to the number of Units
which are earned as of the Settlement Date. The Units then being settled and any Units which are
not earned as of the Settlement Date shall be immediately cancelled. For purposes of this
Agreement, the “Settlement Date” shall be the last day of the Performance Period.

     5. Withholding. All payments under this Agreement are subject to withholding of all
applicable taxes. At the election of the Participant, and with the consent of and to the extent
provided by the Committee, such withholding obligations may be satisfied through the surrender of
Shares which the Participant already owns or to which the Participant is otherwise entitled under
the Plan; provided, however, that previously-owned Shares that have been held by the Participant
less than six months or Shares to which the Participant is entitled under the Plan may only be used
to satisfy the minimum statutory obligation (based on minimum statutory withholding rates for
Federal and state tax purposes, including payroll taxes, that arc applicable to such supplemental
taxable income).

     6. Units Not Shares. The award of Units under this Agreement does not constitute the
award of Shares, and nothing in this Agreement shall be construed to give the Participant any
rights as a shareholder of the Trust prior to settlement of Units which have been earned.

 

 

     7. Transferability. This Award is not transferable except as designated by the
Participant by will or by the laws of descent and distribution.

     8. Adjustment of Award. The number of Units awarded pursuant to this Agreement may be
adjusted by the Committee in accordance with the terms of the Plan to reflect certain transactions
which affect the number, type or value of the Shares. The Committee also reserves to adjust the
performance measures set forth in Exhibit A in its sole discretion, including, without limitation,
in the event of extraordinary events, in order to preserve the intended benefits of the Awards to
he Participant and the Trust.

     9. Forfeiture Provisions. In the event that the Committee determines that the
Participant has engaged in conduct in violation of any non-competition agreement entered into
between the Participant and the Trust or any affiliated entity, any portion of this Award which has
not been settled shall be forfeited unless the Committee provides otherwise.

     10. Administration. The authority to administer and interpret this Agreement shall be
vested in the Committee, and the Committee shall have all the powers with respect to this Agreement
as it has with respect to the Plan. Any interpretation of the Agreement by the Committee and any
decision made by it with respect to the Agreement is final and binding on all persons.

     11. Plan Governs. The terms of this Agreement shall be subject to the terms of the
Plan, a copy of which may be obtained by the Participant from the office of the Secretary of the
Trust.

     12. Amendment and Termination. The Board may at any time amend or terminate the Plan,
provided that no such amendment or termination may materially adversely affect the rights of the
Participant awarded hereunder.

     IN WITNESS WHEREOF, the Participant has hereunto set his hand, and the Trust has caused these
presents to be executed in its name and on its behalf, all as of May ___, 2007.

	 	 	 	 	 
	PARTICIPANT

	 	ARCHSTONE-SMITH TRUST
	 	 	 	 	 
	 	 	By:	 	 
	[Name]	 	 	 	Caroline Brower

Secretary and General Counsel

2

 

EXHIBIT A

     The Participant has been awarded the following Performance Units under the Special Long Term
Incentive Program for the 2006-2008 performance period.

	 	 	 	 	 	 
	 
	 	Name	 	 	Performance Units Awarded for 2006-2008 (#)(1)	 
	 	[NAME]
	 	 	 	 
	 

			
	(1)	 	Performance units that vest will be exchangeable for Common Shares on a
one-for-one basis, but the number of performance units that will vest, if any, will be
determined in January or February 2009, and will depend on the Company’s performance.

The actual number of performance units that vest will be determined by the Compensation Committee
in January or February 2009. The vested performance units are exchanged for an equal number of
Common Shares immediately upon vesting. Any performance units that do not vest are cancelled.
Performance unit holders have no right to vote, receive dividends or transfer the performance units
until Common Shares are able to be issued in exchange for the vested performance units.

The number of performance units that vest can range from zero to the entire number of performance
units awarded. Vesting for one half of the performance units depends on our average annual
compounded Total Shareholder Return (“TSR”) for the applicable performance period on an
absolute basis (“Absolute TSR”) and vesting for the remaining half of the performance units
depends on the percentile our average annual compounded TSR over the applicable period puts us in
relation to the companies in the NAREIT Apartment Index, as set forth in the chart below. Vesting
will be determined in the same manner as vesting with respect to the other officers (i.e., 50% of
the total units awarded will be based on Absolute TSR and the remaining 50% will be based on
performance relative to the companies in the NAREIT Apartment Index). The following chart describes
the percentage of performance units that would vest based on the Company’s average annual
compounded TSR during the applicable performance period:

	 	 	 	 	 	 	 	 	 	 	 
	50% of Units Awarded	 	50% of Units Awarded
	 	 	% of These Units	 	TSR vs. NAREIT	 	% of These Units
	Absolute TSR	 	Vested	 	Apartment Index	 	Vested
	Less than 11%

	 	 	0	%	 	Below 60th Percentile
	 	 	0	%
	11.0%

	 	 	40	%	 	60th Percentile
	 	 	40	%
	11.5%

	 	 	50	%	 	65th Percentile
	 	 	50	%
	12.0%

	 	 	60	%	 	70th Percentile
	 	 	60	%
	12.5%

	 	 	70	%	 	75th Percentile
	 	 	70	%
	13.0%

	 	 	80	%	 	80th Percentile
	 	 	80	%
	13.5%

	 	 	90	%	 	85th Percentile
	 	 	90	%
	14.0%

	 	 	100	%	 	90th Percentile
	 	 	100	%

For the three-year performance period, TSR will be determined by comparing the average of the daily
TSR from October 1, 2005 through December 31, 2005 to the average of the daily TSR from October 1,
2008 through December 31, 2008.

A-1

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