Exhibit 10.17
AGREEMENT
This Joint and Mutual Release (the
“Release”) is entered into this 18 day of August, 2006,
by and among Spheric Technologies, Inc. , an Arizona
corporation (the “Company”), and Richard
Schuff.
1. In order to survive, Spheric must
pursue other business opportunities. Gary Waldeck has been advised
of the future plans for Spheric.
2. Release by the Company. On
the Effective Date, the Company releases, discharges and covenants
not to sue or cause others to sue Richard Schuff and his past,
present or future agents, successors, attorneys, representatives or
assigns, or any one or more of them, on any and all claims,
actions, causes of actions, suits, debts, sums of money, accounts,
covenants, contracts, agreements, representations, warranties,
damages, injuries, liabilities and demands whatsoever, in law or in
equity, whether known or unknown, contingent or fixed, liquidated
or unliquidated, arising out of any events occurring from the
beginning of time to the date of this Agreement. This release of
liability shall exclude claims to enforce or protect the rights and
duties created by this Agreement.
3. Release by Richard Schuff.
On the Effective Date, Richard Schuff releases, discharges and
covenants not to sue or cause others to sue the Comp
