To: Michael Stojda From: Board of Directors Date: November 21, 2005 Subject: Summary of Terms of Severance Upon Termination of Employment Agreement Age: 42 Hire Date: 9/1/2004 Resignation Date: 11/21/2005 Annual Salary: $ 275,000

Exhibit 10.1

Splinex Technology, Inc.
550 W. Cypress Creek Rd.
Suite 410
Fort Lauderdale, FL 33309

For mutual consideration, the sufficiency of which is hereby acknowledged, you and Splinex Technology, Inc. (including for all purposes herein any affiliates, successors or assigns) (“Splinex”) agree that the following terms of this severance agreement (the “Agreement”) will apply with respect to your cessation of employment:

Mike, the above details the essential terms of the Agreement between you and Splinex concerning termination of employment. There will be no other payments to you other than those specified above. The individual signing below on behalf of Splinex represents that he has the authority to execute this Agreement on behalf of Splinex and that all necessary authorizations from the Company’s Board of Directors and major shareholders have been obtained for the payment of severance indicated herein.

Mike, please sign below to indicate your agreement with the terms and conditions set forth in this document.

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GENERAL WAIVER AND RELEASE AGREEMENT

1. Michael Stojda’s (“Stojda”) employment with Splinex Technology, Inc. (“Splinex”) will end November 21, 2005 and he will be paid severance and other benefits as set forth in the Summary of Terms Upon Resignation (“Summary”) to which this General Waiver and Release Agreement (“Agreement”) is attached. The parties hereto agree that the terms of this Agreement apply only if both the Summary and this Agreement are signed and not revoked by either party. The terms of the Summary are incorporated by reference in this Agreement and are intended to supersede and extinguish any other obligation Splinex may have to pay Stojda severance or other benefits upon termination, including but not limited to any agreements or understandings, whether oral or written, made at any time prior to the date of this Agreement, except as specifically set forth in the Summary.

2. In exchange for mutual consideration and in the interest of resolving all outstanding issues arising out of or related to Stojda’s cessation of employment from Splinex, the sufficiency of which (which includes payment of severance and other benefits by the Company to Stojda, and Stojda’s agreement to enter into in this Agreement with Splinex), the parties hereto agree as follows:

(a) Stojda completely releases and forever discharges Splinex, its past, present and future successors, officers, directors, agents, affiliates, stockholders, and employees, from all claims, damages (including but not limited to general, special, punitive, liquidated and compensatory damages) and causes of action of every kind, nature and character, known or unknown, in law or equity, fixed or contingent, which he may now have, or ever had arising from or in any way connected with his employment relationship or the termination of his employment with Splinex. This release includes, but is not limited to, all “wrongful discharge” claims, all claims relating to any contracts of employment express or implied, any covenant of good faith and fair dealing express or implied, any tort of any nature, any federal, state, or municipal statute or ordinance, any claims for employment discrimination, including sexual harassment, any claims under the California Fair Employment and Housing Act, the California Labor Code, Title VII of the Civil Rights Act of 1964, as amended, the Age Discrimination in Employment Act (“ADEA”), the Older Workers Benefit Protection Act, the Sarbanes-Oxley Act, 42 U.S.C. Section 1981, the Worker Adjustment and Retraining Notification Act, the Employee Retirement Income Security Act (ERISA) and any other laws and regulations relating to employment, and any and all claims for attorney’s fees and costs. I understand that this release does not apply to any claims arising under the ADEA after the effective date of this Agreement. This release does not extend to any existing right of indemnification Stojda may have or any right he may have to director and officer liability insurance coverage (under existing or replacement policies), or as a director at Splinex or a fiduciary of any benefit plan, in either case that arise from my actions within the course and scope of his employment for Splinex. Nothings contained in the foregoing shall be, or shall be deemed to constitute, a release by Stojda to enforce his rights under the Summary or to enforce his rights under this Agreement or the Employment Agreement (as defined in the Summary) if the Summary or this Agreement are breached and such breach is not cured in accordance with the Summary, or to pursue his rights as a stockholder of Splinex for future acts or omissions, or his right to any vested benefit under any plan governed by ERISA.

(b) Splinex (its affiliates, successors and assigns and its or their officers, directors, employees, consultants and major shareholders) completely releases and forever discharges Stojda from all claims, damages (including but not limited to general, special, punitive, liquidated and compensatory damages) and causes of action of every kind, nature and character, known or unknown, in law or equity, fixed or contingent, which it or they may now have, or ever had arising from or in any way connected with his employment relationship or the termination of his employment with Splinex. This release is intended to be given its broadest possible effect, with respect to all laws, regulations, ordinances, guidance, directives or any nature or kind. Nothings contained in the foregoing shall be, or shall be deemed to constitute, a release by Splinex to enforce its or their rights under the Summary or to enforce its or their rights under this Agreement.

3. (a) The parties hereto understand and agree that, as an express condition of this Agreement, neither will disclose to others any of the terms of the Summary or this Agreement, except as may be required by law or legal process and, with respect to Stojda, except that Stojda may reveal the terms of either to his spouse, or to his financial or legal advisors, as long as any of them understand that the information is confidential and agree to keep all information confidential.

(b) Stojda shall not take or use for his own purposes or for the purposes of others, any Information owned or controlled by Splinex or any of its subsidiary or affiliated companies. Stojda agrees that the foregoing restrictions shall also apply to all (i) Information in Splinex’s possession belonging to third parties, and (ii) Information conceived, originated, discovered or developed, in whole or in part, by him while an employee of Splinex. As used herein, “Information” includes trade secrets and other confidential or proprietary business, technical, personnel or financial information, whether or not Stojda’s work product, in written, graphic, oral or other tangible or intangible forms, including but not limited to specifications, samples, records, data, computer programs, drawings, diagrams, models, customer names, business or marketing plans, studies, analyses, projections and reports, communications by or to attorneys (including attorney-client privileged communications), memos and other materials prepared by attorneys or under their direction (including attorney work product), and software systems and processes. Any Information that is not readily available to the public shall be considered to be a trade secret and confidential property, even if it is not specifically marked as such, unless Splinex advises Stojda otherwise in writing.

This subparagraph shall not apply to any Information which becomes publicly available through no fault of Stojda’s, which Splinex in writing authorizes him to use or disclose, or which Stojda discloses in truthful testimony in a legal proceeding or government inquiry.

(c) Nothing contained herein shall or shall be deemed to waive Stojda’s future rights as a minority stockholder as provided under applicable law, including without limitation Section 242 of the Delaware General Corporation Law.

4. Neither party has relied on any representations or statements not set forth in this Agreement with regard to the subject matter, basis or effect of this Agreement or otherwise. This Agreement may only be amended in writing, signed by Stojda and Splinex’s General Counsel.

5. Stojda acknowledges that he has had 21 days from the date of his receipt of this Agreement to consider and sign this Agreement. Stojda also understands that he has seven days to revoke this Agreement after he signs it, and that any such revocation must be in writing and must be received by Splinex’s General Counsel no later than the last day of the applicable revocation period. The effective date of this Agreement is the day after the revocation period ends, Stojda understands that he will not receive the benefits and privileges of this Agreement, which include consideration to which he would otherwise not be entitled, until the effective date.

7. Stojda understands that any taxes (other than the employer-mandated portion of FICA and FUTA) which may become due as a result of any payment or transaction contemplated by this Agreement including the attached Summary are his sole responsibility, and further agrees to hold Splinex harmless on account thereof. In addition, he agrees that taxes which are due but unpaid may be setoff against any sums due under this Agreement to the maximum extent allowed by law.

8. This Agreement sets forth the entire agreement between the parties hereto with respect to the subject matter hereof, except as set forth in the Summary or as set forth in any stock option agreement, which shall, except as modified in the Summary, govern the terms of any stock options issued to Stojda by Splinex.

9. (a) STOJDA HAS DISCUSSED ALL ASPECTS OF THIS AGREEMENT WITH AN ATTORNEY AND OTHER ADVISORS OF HIS CHOICE AND HAS CAREFULLY READ AND FULLY UNDERSTANDS ALL THE PROVISIONS OF THIS AGREEMENT AND HE VOLUNTARILY AGREES TO ITS TERMS.

THE INDIVIDUAL SIGNING BELOW ON BEHALF OF SPLINEX REPRESENTS THAT HE HAS THE AUTHORITY TO EXECUTE THIS AGREEMENT ON BEHALF OF SPLINEX AND THAT ALL NECESSARY AUTHORIZATIONS FROM THE COMPANY’S BOARD OF DIRECTORS AND MAJOR SHREHOLDERS HAVE BEEN OBTAINED.

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