General Release Agreement between International Energy Consultants Inc. and Purezza Group Inc.
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Summary
International Energy Consultants Inc. and Purezza Group Inc. have mutually agreed not to proceed with their previously planned share exchange. Through this agreement, both parties release each other from any and all claims, obligations, or liabilities related to the canceled transaction or any other matter up to the date of this agreement. This release is effective as of December 20, 2001, and ensures that neither party can pursue legal action against the other regarding past dealings.
EX-10.1 3 iecex101.htm Exhibit 10.1 for International Energy Consultants Inc.
Exhibit 10.1 GENERAL RELEASE WHEREAS, the Board of Directors of International Energy Consultants (IEC), a Nevada Corporation, and the Board of Directors of Purezza Group Inc., ("Purezza"), a Florida corporation approved an Agreement and Plan ofShare Exchange between IEC and Purezza on October 3, 2001. WHEREAS, IEC and Purezza have decided it is in the best interests of both parties not to proceed with the transactions contemplated by the Agreement and Plan of Share Exchange. Now therefore, in exchange for good and valuable consideration the receipt of which is hereby acknowledged, the parties agree as follows: Each party HEREBY remises releases, acquits, satisfies, and forever discharge the said other party of and from all and all manner of action and actions, cause and causes of action, suits, debts, dues, sums of money accounts, reckonings, bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, executions, claims and demands whatsoever, in law or in equity which said party of the first part ever had, now has, or which any personal representative, successor, heir or assign of said party of the first part, hereafter can shall or may have against said party of the second part, for, upon, or by reason of any matter, cause or thing whatsoever, from the beginning of the world to the day of these presents. IN WITNESS WHEREOF, have hereunto set my hand and seal, this 20th day of December 2001. Purezza Group Inc. /s/ Larry Legal By: Larry Legal President International Energy Consultants Inc. /s/ Tony Sanzari By:Tony Sanzari President