EX-10.1
from 8-K
5 pages
National Association of Securities Dealers X Brean Murray Carret & Co., LLC, : : Nasd Docket No.: 06-04871 Claimant, : : Settlement Agreement - Against - : Eco2 Plastics Inc., F/K/a Itec Environmental Group, Inc. and Gary De Laurentiis, : : : Respondents. : X Whereas, on or About January 29, 2007, Itec Filed an Answer and Counterclaims in Which Itec Denied Liability and Also Alleged, Inter Alia, That Brean Murray Carret Breached Its Agreement With Itec; and Whereas, the Parties Would Prefer to Resolve Their Dispute Through Settlement Rather Than to Continue With Arbitration; Now, Therefore, for Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, and in Consideration of the Mutual Covenants Herein, Brean Murray Carret and Itec (Hereinafter Collectively, the “Parties”) Hereby Agree as Follows: 1. Consideration to Be Paid by Itec
12/34/56