"October 31, 2006 Nicholas J. Leb 205 Park York Lane Cary NC 27519 Re: Dear Nick: This Letter Agreement sets forth the terms of a settlement superseding and amending your employment agreement(s) with TEAMM Pharmaceuticals, Inc. and resolving all outstanding issues, compensation, contractual rights and entitlements of any nature including but not limited to rights to severance and other compensation" . . . .