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</PDF>SETTLEMENT AGREEMENT
                              --------------------

         THIS AGREEMENT is entered into as of the 15th day of February 2002, by
and between Method Products Corp., a Florida Corporation with a principal place
of business in Pompano Beach, Florida ("MPC"); and RICHARD FIENI, an individual
of Boca Raton, Florida ("FIENI").

         WHERAS, FIENI and MPC entered into an employment agreement as of July
1st, 2001; and

         WHEREAS, the parties now wish to terminate the employment agreement and
resolve all issues that may arise between the parties by virtue of the agreement
and the performance of their respective obligations thereunder.

         NOW THEREFORE, in consideration of the provisions of this Agreement,
the receipt and sufficiency of which are hereby acknowledged, MPC and FIENI
agree as follows:

         1.       Upon the execution of this Agreement by both FIENI and MPC,
                  FIENI shall and does hereby resign as an officer, director and
                  employee of MPC and all its subsidiaries thereof, and shall
                  and hereby does otherwise resign all employment positions with
                  MPC and all subsidiaries thereof, and relinquish to MPC all
                  options in MPC stock (which shall be canceled). FIENI shall in
                  connection therewith, contemporaneously return any and all
                  property owned by MPC and/or its subsidiaries as an officer,
                  director and/or employee including without limitation in
                  executing all currently outstanding written consents of
                  directors and/or committee members of MPC and its
                  subsidiaries.

         2.       Simultaneously with the resignation referred to above, MPC
                  shall and hereby does transfer and convey unto FIENI all right
                  and interest MPC may have to fulfill those contracts scheduled
                  on Exhibit 1 annexed hereto and incorporated herein by
                  reference.

         3.       Simultaneously with the resignation referred to in paragraph 1
                  above, MPC agrees to pay FIENI Twenty-five thousand ($25,000)
                  Dollars, which shall be paid (provided FIENI has complied with
                  his obligations set forth in paragraph 1) as follows: Five
                  thousand ($5,000) Dollars shall be paid upon the execution of
                  this agreement; and four (4) additional Five Thousand ($5,000)
                  Dollar payments shall be paid to Fieni on or before March, 12,
                  2002, April 12, 2002, May 12, 2002, and June 12, 2002,
                  respectively. Time is of the essence, and any late payment
                  shall bear an interest rate of ten (10%) percent per annum
                  until paid.

         4.       MPC shall also pay FIENI his salary through the date of the
                  execution of this Agreement, which amount shall be paid at the
                  time such payment would be made in the ordinary course of
                  business.

         5.       The aforesaid amounts shall constitute payment in full for all
                  past due accrued salary and benefits and otherwise constitute
                  a complete severance payment from MPC.

         6.       Upon the execution of this Agreement, MPC hereb releases FIENI
                  from all non-competition covenants contained in the July 1st,
                  2001 employment agreement.

         7.       Upon execution of this Agreement, except to the obligations
                  contained herein including those set forth in paragraph 1
                  above, MPC shall hereby does release FIENI from any and all
                  obligations it may have against him with respect to any matter
                  from the beginning of time to the date hereof.

         8.       Upon the payment of all amounts due hereunder, except to the
                  obligations contained herein and provided FIENI does not have
                  to disgorge any such payments, FIENI shall and hereby does
                  release MPC and all subsidiaries thereof from any and all
                  obligations he may have against it/them with respect to any
                  matter from the beginning to the date hereof.

         9.       This Agreement shall be governed by and construed in
                  accordance with the laws of the State of Florida. Any action
                  and/or proceeding relating to or arising out of this Agreement
                  shall be brought in federal or state courts located in Broward
                  County, Florida, and the prevailing party in any such
                  proceeding shall be enabled to recover its reasonable
                  attorney's fees.

         10.      In case one or more provisions contained in thi Agreement
                  should be declared invalid, illegal or unenforceable in any
                  respect, the validity, legality and enforceability of the
                  remaining provisions contained herein shall not in turn be
                  affected or impaired thereby.

         11.      This Agreement shall be binding upon and inure to the benefit
                  of the parties and their respective successors and assigns.

         12.      No provisions of this Agreement may be amended, modified,
                  supplemented, changed, waived, discharged or terminated unless
                  each party hereto consents in writing.

         13.      This Agreement contains the entire agreement between the
                  parties, and all discussions, negotiations and the like
                  occurring before the execution of this Agreement shall be
                  merged into this document.
<PAGE>

         14.      Any number of counterparts of this Settlement Agreement may be
                  executed and delivered, each of which shall be considered an
                  original and all of which, together, shall constitute one and
                  the same instrument. The parties agree that facsimile
                  signatures of the parties shall be acceptable and deemed as if
                  they were original signatures tot his Agreement.

         15.      The parties hereby expressly warrant that the person or
                  persons executing this Settlement Agreement on behalf of such
                  parties is/are duly authorized to enter into and bind said
                  corporation tot his settlement.

         IN WITNESS WHEREOF, the parties have set their hands and seals the day
and year first set forth above.

WITNESS:
                                                         /S/ Richard E. Fieni
--------------------------                               -----------------------
                                                         Richard E. Fieni

                                                         Method Products Corp.

                                                         /S/ Mark Antonucci
                                                         -----------------------
                                                         Mark Antonucci
                                                         Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00037-of-00352.parquet"}]]