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Title: |
Settlement Agreement |
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Date: |
2003 |
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Preview shows 6KB of 28KB total |
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$42 |
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ID: |
#1596682 |
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3 file002.txt SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASE
SETTLEMENT AGREEMENT
This Settlement Agreement and Mutual General Release is entered into,
effective as of February 28, 2002 (the "Effective Date"), by and between W.
BRIAN FUERY ("FUERY"), STUNNER CORPORATION, a California corporation
("STUNNER"), U.S. CANCER MANAGEMENT CORPORATION, a Delaware corporation
("USCMC"), (all hereinafter sometimes referred to as "Defendants"), and the
USCMC-USCC Partnership, on the one hand, and U.S. CANCER CARE, INC., a Delaware
corporation ("USCC") and ONCURE TECHNOLOGIES CORP., a Florida corporation
("ONCURE"), (hereinafter sometimes jointly referred to as "Cross-Defendants"),
on the other hand.
WHEREAS, USCC has filed a Complaint in Alameda County Superior Court,
entitled U.S. Cancer Care, Inc. vs. John J. Fuery, et al., action number
2001-028350 and,
WHEREAS, Defendants have filed a Cross-Complaint in that same action,
entitled Brian Fuery, et al. vs. U.S. Cancer Care, Inc., et al.,
WHEREAS, the parties now desire to settle and resolve all disputes that
exist between and among them that are connected to, arise out of or are related
to any of the claims referenced in the said litigation,
NOW THEREFORE, the parties hereby agree as follows: Contemporaneously
with the execution of this Settlement Agreement and Mutual General Release by
all parties:
1. A. FUERY shall deliver to ONCURE 642,833 shares of ONCURE stock
that he currently owns in his name, free and clear from any
liens, claims, or encumbrances of any nature whatsoever,
together with a duly executed Stock Power transferring said
shares to ONCURE.
B. ONCURE shall pay to FUERY in cash the sum of Thirty-One
Thousand One-Hundred Twenty Dollars ($31,120.00).
C. There is currently an outstanding invoice from Randall Holt,
PhD Physicist, to ONCURE for $32,780.00 (the "Holt Invoice").
A copy of the Holt Invoice is attached hereto as Exhibit A.
Contemporaneously with the execution of this Settlement
Agreement and Mutual General Release by all parties, ONCURE
shall pay one-half of the Holt Invoice (Sixteen Thousand Three
Hundred Ninety Dollars $16,390.00) directly to Randall Holt,
PhD by having a check in that amount delivered to USCMC for
delivery to Randall Holt, PhD. USCMC shall pay the remaining
half of the Holt Invoice (Sixteen Thousand Three Hundred
Page 1 of 9
Ninety Dollars $16,390.00) to Randall Holt PhD, within thirty
(30) days of the Effective Date of this Settlement Agreement
and Mutual General Release.
D. USCC shall quitclaim, contribute and deliver to USCMC all the
furniture and equipment currently used by and in the
possession of USCMC at the offices leased by ONCURE at 700
Ygnacio Valley Road, Suite 300, Walnut Creek, California
("ONCURE's Walnut Creek Office"), and any furniture and
equipment currently in the Ceres Warehouse, including any and
all equipment in the office previously occupied by Doug
McBride while he was an ONCURE employee (collectively, the
"Walnut Creek Furniture and Equipment") by means of a Bill of
Sale in the form attached hereto as Exhibit B.
E. Subject to the full performance of the obligations set forth
in the succeeding sentence, USCMC may occupy ONCURE's Walnut
Creek Office for as long as it, in its sole discretion,
determines, but in no event longer than twelve months
following the Effective Date of this Settlement Agreement and
Mutual General Release. In consideration for the right to
occupy ONCURE's Walnut Creek Office, beginning March 1, 2002,
USCMC shall pay ONCURE Two Thousand Five Hundred Dollars
($2,500.00) per month in rent within five (5) business days of
receiving adequate evidence that ONCURE has paid the rent to
the Landlord. ONCURE, in turn, covenants and agrees to pay the
full monthly rent owed to the landlord of ONCURE's Walnut
Creek Office in a timely manner so as to insure that USCMC may
remain in the premises pursuant to the terms of this paragraph
1E. In addition, USCMC and ONCURE will use their best efforts
to (i) find suitable alternative office space for USCMC in the
same building as ONCURE's Walnut Creek Office and (ii) secure
from the landlord a termination of ONCURE's lease for ONCURE's
Walnut Creek Office.
F. Within 15 days of the Effective Date of this Settlement
Agreement and Mutual General Release, ONCURE shall deliver to
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