SETTLEMENT AGREEMENT WITH INVENTOR OF ELECTROTELLURIC SURVEY
Cause Number 99CV0435
AMALGAMATED EXPLORATIONS, INC. IN THE DISTRICT COURT OF
and MSP TECHNOLOGIES, INC.
vs. JEFFERSON COUNTY
JOHN R. JACKSON and
ANDRES M. ARISMENDI, JR. STATE OF COLORADO
The parties hereto agree that this lawsuit and all claims and controversies between them, asserted or assertable in
this case against all parties named herein are hereby settled in accordance with the following terms of this
1. The parties acknowledge that bona fide disputes and controversies exist between them, both as to liability and
the amount thereof, if any, and by reason of such disputes and controversies, they desire to compromise and
settle all claims and causes of action of any kind whatsoever which the parties have or may have arising out of the
transaction or occurrence which is the subject of this litigation. It is further understood and agreed that this is a
compromise of a disputed claim, and nothing contained herein shall be construed as an admission of liability by
any party, all such liability being expressly denied.
2. Each signatory hereto warrants and represents:
(a) he or she has authority to bind the parties for whom that signatory acts.
(b) the claims, suits, rights and/or interests which are the subject matter hereto are owned by the party asserting
same, have not been assigned, transferred or sold, and are free of any encumbrance.
3. The consideration to be given for this agreement in full and final settlement is as follows:
(a) $1,500,000.00 to be escrowed by Plaintiff, Amalgamated to bear interest at 5% per annum.
(b) Plaintiff, Amalgamated, pays Defendants $20,000.00 per month commencing August 15, 1999, and payable
on the 15th of the month thereafter, each monthly payment to be applied toward principal while interest
accumulates on the principal balance and interest until paid in full. Defendants will provide written notice of non-
payment by the 20th of an