Exhibit 10.20

 

EXECUTIVE EMPLOYMENT AGREEMENT

 

This Executive Employment Agreement (“Agreement”) is entered into on December 9,
2019 (the “Execution Date”), by and between PeerStream, Inc., a Delaware
corporation (the “Company”), and Kara Jenny Goldstein (“Executive”). In
consideration of the mutual promises and covenants contained in this Agreement,
the parties agree as follows:

 

1. Agreement to Employ. The Company desires to secure the services of Executive
as its Chief Financial Officer (“CFO”). The Company and Executive desire to
enter into this Agreement to, among other things, set forth the terms of
Executive’s employment with the Company. The Company and Executive acknowledge
that this Agreement supersedes any other offer, agreement or promises made by
anyone, specifically concerning the offer of employment by the Company, and this
Agreement comprises the complete agreement between Executive and the Company
concerning Executive’s employment by the Company, subject to Section 12(j) of
this Agreement.

 

2. Term of Agreement. This Agreement shall be binding upon and enforceable
against the Company and Executive immediately when both parties execute the
Agreement. The Agreement’s stated term and the employment relationship created
hereunder will begin on the Execution Date and will remain in effect for one (1)
year, unless earlier terminated in accordance with Section 9 (the “Initial
Employment Term”). This Agreement shall be automatically renewed for successive
one (1) year terms after the Initial Employment Term (each a “Renewal Term”),
unless terminated by either party upon written notice (“Non- Renewal Notice”)
given at least ten (10) business days before the end of the Initial Employment
Term or any Renewal Term, as applicable, or unless earlier terminated in
accordance with. Section 9. The period during which Executive is employed under
this Agreement (including any Renewal Term(s)) will be referred to as the
“Employment Period.”

 

3. Surviving Agreement Provisions. Notwithstanding any provision of this
Agreement to the contrary, the parties’ respective rights and obligations under
Sections 6 through 12 shall survive any termination or expiration of this
Agreement or the termination of Executive’s employment for any reason
whatsoever.

 

4. Services to be Provided by Executive.

 

(a) Position and Responsibilities. Executive’s services hereunder will commence
as of the Execution Date. Subject to the Agreement’s terms, Executive agrees to
serve the Company as its CFO. Executive shall have the duties and privileges
customarily associated with executives occupying the role of CFO, and Executive
shall perform all reasonable acts customarily associated with such roles, or
necessary and/or desirable to protect and advance the best interests of the
Company. Executive will report to the Chairman of the Board of Directors.
Executive agrees to devote up to 30 hours per week to the business of the
Company (except as provided below).

 

 

 

 

(b) Executive’s Employment Representations. Executive agrees that she (i) shall
not serve as a member of any board of directors, or as a trustee of, or in any
manner be affiliated with, any present or future agency or organization (except
for Walker Innovation Inc. and its subsidiaries and Central Lathing, LLC and
civic, religious, and not for profit organizations) without the consent of the
Board (which consent will not be unreasonably withheld); (ii) will serve as an
Executive of the Company; and (iii) shall not, directly or indirectly, have any
interest in, or perform any services for, any business competing with or similar
in nature to the Company’s business as set forth in Section 7. For the avoidance
of doubt, Executive’s relationships with Walker Innovation Inc. and its
subsidiaries and Central Lathing, LLC do not violate this Section 4(B)(iii).
Executive further represents to the Company that (i) Executive is not violating
and will not violate any contractual, legal, or fiduciary obligations or burdens
to which Executive is subject by entering into this Agreement or providing
services under the Agreement’s terms; (ii) Executive is under no contractual,
legal, or fiduciary obligation or burden that Executive will allow to interfere
with Executive’s ability to perform services under the Agreement’s terms; and
(iii) Executive has no bankruptcies, convictions, disputes with regulatory
agencies, or other disclosable or disqualifying events that would impact the
Company or its ability to conduct securities offerings. Notwithstanding anything
to the contrary herein, nothing shall prevent or restrict Executive’s ownership
of, serving as a board member or a trustee for, or providing services (in any
capacity) to, any entity (or derivative thereof) for which Executive currently
has an equity interest and provides such services, provided that such
activities: (A) do not reasonably interfere with Executive’s material services
to the Company and (B) (except for Walker Innovation Inc. and its subsidiaries
and Central Lathing, LLC), such entities are not competing businesses with the
Company as set forth in Section 7.

 

5. Compensation for Services. As compensation for the services Executive will
perform under this Agreement during the Employment Period, the Company will pay
Executive, and Executive shall accept as full compensation, the following:

 

(a)Base Salary. Executive shall receive an annualized base salary (“Base
Salary”) of Two Hundred Thousand Dollars (US $200,000), commencing as of the
Effective Date and prorated for any partial years of employment. Additionally,
the Company will review Executive’s Base Salary at least annually during the
Employment Period, and, in the sole discretion of the Board, may increase (but
not decrease) such Base Salary from time to time, but shall not be obligated to
effectuate such an increase. Executive’s compensation shall be subject to all
appropriate federal and state withholding taxes and shall be payable in
accordance with the Company’s normal payroll procedures.

 

(b)Bonus Compensation.

 

(i)for the 2020 calendar year, Executive shall be eligible to receive a
discretionary annual incentive bonus (the “Annual Incentive Bonus”) of at least
25% of Base Salary, to be paid to Executive during the annual review period
(generally January or February) in 2021, provided that:

 

(A) Executive is employed by the Company on the date the Annual Incentive Bonus
is paid; and

 

(B) Company has achieved certain performance goals to be established in a
written bonus plan by the Compensation Committee of the Board of Directors with
input from Executive.

 

(ii) Annual incentive bonuses awarded to Executive for subsequent calendar years
shall be determined by the Board, based on criteria to be established jointly by
the Board and Executive. Each such annual incentive bonus shall be payable
during the annual review period (generally January or February) in the calendar
year following the calendar year to which the annual incentive bonus relates,
provided Executive is employed by the Company on such payment date.

 

(c)Reserved.

 

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(d)Vacation. During the Employment Period, Executive shall be entitled to four
(4) weeks paid vacation annually. Vacation shall be taken at such times and
intervals as shall be determined by Executive, subject to the reasonable
business needs of the Company. Upon the termination of Executive’s employment,
for any reason, Executive will forfeit any accrued but unused vacation.

 

(e)Reserved.

 

(f)Reserved.

 

(g)Other Benefits and Perquisites. Executive shall be entitled to participate in
the- benefit plans provided by the Company for all employees generally, and for
the Company’s executive employees. The Company shall be entitled to change or
terminate these plans in its sole discretion at any time. Any reimbursement of
expenses made under this Agreement shall only be made for eligible expenses
(including transportation and cellular service expenses as set forth above)
incurred during the Employment Period, and no reimbursement of any expense shall
be made by the Company after December 31st of the year following the calendar
year in which the expense was incurred. The amount eligible for reimbursement
under this Agreement during a taxable year may not affect expenses eligible for
reimbursement in any other taxable year, and the right to reimbursement under
this Agreement is not subject to liquidation or exchange for another benefit.
Executive will comply with the Company’s policies regarding these benefits,
including all Internal Revenue Service rules and requirements.

 

(h)Withholdings and Deductions. The compensation described in this Section 5 is
subject to all legally required and authorized withholdings and deductions.

 

(i)Equity Award. The Company intends to consider a grant of stock options to
Executive, as soon as administratively practicable after the effective date of
this Agreement and subject to the Board of Directors’ approval, the Executive
will receive, by a separate agreement, a stock option granted under the
PeerStream, Inc. 2016 Long- Term Incentive Plan (the “Plan”) with respect of
Seventy-Five Thousand (75,000) shares of the Company’s common stock, with an
exercise price equal to the fair market value on the Company’s common stock on
date of the grant, vesting in four (4) separate tranches of twenty-five percent
(25%) each, with the first tranche vesting on the one

(1) year anniversary of the start date and the remaining three (3) tranches
vesting on one (1) year intervals thereafter (subject to early termination or
forfeiture in accordance with the terms of the award agreement) (the “Stock
Option”).

 

6.Confidential Information.

 

(a) Confidential Information. The Company shall provide Executive with
confidential information and trade secrets of the Company (hereinafter referred
to as “Confidential Information”) and shall place Executive in a position to
develop and have ongoing access to Confidential Information of the Company,
shall entrust Executive with business opportunities of the Company, and shall
place Executive in a position to develop business goodwill on behalf of the
Company. For purposes of this Agreement, Confidential Information includes, but
is not limited to:

 

(i) Technologies developed by the Company and any research data or other
documentation related to the development of such technologies, including all
designs, ideas, concepts, improvements, product developments, discoveries and
inventions, whether patentable or not, that are conceived, developed or acquired
by Executive, individually or in conjunction with others during the period of
Executive’s employment by the Company;

 

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(ii) All documents, drawings, memoranda, notes, records, files, correspondence,
manuals, models, specifications, computer programs, E-mail, voice mail,
electronic databases, maps, logs, drawings, models and all other writings or
materials of any type embodying any of such information, ideas, concepts,
improvements, discoveries, inventions and other similar forms of expression that
are conceived, developed or acquired by Executive individually or in conjunction
with others during the Employment Period (whether during business hours or
otherwise and whether on any Company premises or otherwise) that relate to the
Company’s business, trade secrets, products or services;

 

(iii) Customer lists and prospect lists developed by the Company;

 

(iv) Information regarding the Company’s customers which Executive acquired as a
result of Executive’s employment with the Company, including but not limited to,
customer contracts, work performed for customers, customer contacts, customer
requirements and needs, data used by the Company to formulate customer bids,
customer financial information, and other information regarding the customer’s
business;

 

(v) Information related to the Company’s business, including but not limited to
marketing strategies and plans, sales procedures, operating policies and
procedures, pricing and pricing strategies, business plans, sales, profits, and
other business and financial information of the Company;

 

(vi) Training materials developed by and utilized by the Company; and

 

(vii) Any other information that Executive acquired as a result of Executive’s
employment with the Company and which Executive has a reasonable basis to
believe the Company would not want disclosed to a business competitor or to the
general public.

 

Executive understands and acknowledges that such Confidential Information gives
the Company a competitive advantage over others who do not have the information,
and that the Company would be harmed if the Confidential Information were
disclosed.

 

The Company hereby notifies Executive in accordance with the Defend Trade
Secrets Act of 2016 that Executive will not be held criminally or civilly liable
under any federal or state trade secret law for the disclosure of a trade secret
that: (a) is made (i) in confidence to a federal, state, or local government
official, either directly or indirectly, or to an attorney; and (ii) solely for
the purpose of reporting or investigating a suspected violation of law; or (b)
is made in a complaint or other document that is filed under seal in a lawsuit
or other proceeding. The Company further notifies Executive that if Executive
files a lawsuit for retaliation against the Company for reporting a suspected
violation of law, Executive may disclose the Company’s trade secrets to
Executive’s attorney and use the trade secret information in the court
proceeding if Executive: (a) files any document containing the trade secret
under seal; and (b) does not disclose the trade secret, except pursuant to court
order.

 

(b) Disclosure Of Confidential Information. Executive agrees that Executive
shall hold all Confidential Information of the Company in trust for the Company
and shall not during or after Executive’s employment terminates for any reason:
(a) use the information for any purpose other than the benefit of the Company;
or (b) disclose to any person or entity any Confidential Information of the
Company except as necessary during Executive’s employment with the Company to
perform services on behalf of the Company. Executive shall also take reasonable
steps to safeguard such Confidential Information and to prevent its disclosure
to unauthorized persons.

 

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(c) Return Of Information. Upon termination of employment, or at any earlier
time as directed by the Company, Executive shall immediately deliver to the
Company any and all Confidential Information in Executive’s possession, any
other documents or information that Executive acquired as a result of
Executive’s employment with the Company and any copies of any such
documents/information. Executive shall not retain any originals or copies of any
documents or materials related to the Company’s business, which Executive came
into possession of or created as a result of Executive’s employment with the
Company. Executive acknowledges that such information, documents and materials
are the exclusive property of the Company. In addition, upon termination of
employment, or at any time earlier as directed by the Company, Executive shall
immediately deliver to the Company any property of the Company in Executive’s
possession.

 

7. Restrictive Covenants. In consideration for (i) the Company’s promise to
provide Confidential Information to Executive, (ii) the substantial economic
investment made by the Company in the Confidential Information and goodwill of
the Company, and the business opportunities disclosed or entrusted to Executive,
(iii) the compensation and other benefits provided by the Company to Executive,
and (iv) the Company’s employment of Executive pursuant to this Agreement, and
to protect the Company’s Confidential Information, Executive agrees to enter
into the following restrictive covenants.

 

(a) Non-Competition. Executive agrees that, during the Employment Period and
during the Non-Competition Period (defined below), other than in connection with
Executive’s duties under this Agreement, (and her obligations to Walker
Innovation Inc. and subsidiaries and Central Lathing LLC), Executive shall not,
without the prior written consent of the Company, directly or indirectly, either
individually or as a principal, partner, stockholder, manager, agent,
consultant, contractor, employee, lender, investor, or as a director or officer
of any corporation or association, or in any other manner or capacity
whatsoever, become employed by, control, carry on, join, lend money for,
operate, engage in, establish, perform services for, invest in, solicit
investors for, consult for, do business with or otherwise engage in the
Company’s Business (defined below) within the Restricted Area (defined below).
Notwithstanding the foregoing, Executive shall be permitted during the
Employment Period to own, directly or indirectly, solely as an investment,
securities of any organization or entity, which are traded on any national
securities exchange or NASDAQ if Executive is not the controlling shareholder,
or a member of a group that controls such organization or entity, and directly
or indirectly, does not own three percent (3%) or more of any class of
securities of such organization or entity.

 

For purposes of this Agreement:

 

“Non-Competition Period” means a period of twelve (12) months immediately
following the date of Executive’s termination from employment for any reason.

 

“Non-Solicitation Period” means a period of twelve (12) months immediately
following the date of Executive’s termination from employment for any reason.

 

“Business” means the business of establishing and/or providing live video,
social and communications applications, and any other business in which the
Company is actually engaged as of the date Executive’s employment terminates and
as to which Executive participated or had knowledge of Confidential Information.

 

“Restricted Area” means, because the Company’s business is nationwide,
Executive’s responsibilities are nationwide in scope, and Executive has access
to the Company’s Confidential Information on a nationwide basis, all States
comprising the United States, and any other geographic area in which the Company
conducts business and for which Executive has responsibilities during
Executive’s employment.

 

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(b) Non-Solicitation. Executive agrees that, during the Employment Period and
during the Non-Solicitation Period, other than in connection with Executive’s
duties under this Agreement, Executive shall not, directly or indirectly, either
as a principal, manager, agent, employee, consultant, officer, director,
stockholder, partner, investor or lender or in any other capacity, and whether
personally or through other persons:

 

(i) Solicit business from, interfere with, attempt to solicit business with, or
do business with any customer and/or business partner of the Company with whom
the Company did business or who the Company solicited within the preceding two
(2) years, and who or which: (1) Executive contacted, called on, serviced or did
business with during Executive’s employment at the Company; (2) Executive
learned of solely as a result of Executive’s employment with the Company; or (3)
about whom Executive received Confidential Information. The parties acknowledge
and agree that, for purposes of this Agreement, the term “customer” does not
include actual or potential consumers or users of the Company’s applications.
This restriction in this Section 7(b)(i) applies only to the Business (as
defined above) of the Company or any affiliate thereof; or (ii) Solicit, induce
or attempt to solicit or induce, engage or hire, on behalf of himself or any
other person or entity, any person who is an employee or consultant of the
Company or who was employed by the Company within the preceding twelve (12)
months.

 

(c) Non-Disparagement. Executive agrees that the Company’s goodwill and
reputation are assets of great value to the Company and its affiliates which
were obtained through great costs, time and effort. Therefore, Executive agrees
that during Executive’s employment and after the termination of Executive’s
employment, Executive shall not in any way, directly or indirectly, publicly
disparage, libel or defame the Company, its beneficial owners or its affiliates,
their respective business or business practices, products or services, or
employees.

 

(d) Tolling. If Executive violates any of the restrictions contained in this
Section 7 (other than subsection (c) of this Section 7), the Non-Competition
Period and/or Non-Solicitation Period, as applicable, shall be suspended and
will not run in favor of Executive from the time of the commencement of any
violation until the time when Executive cures the violation to the reasonable
satisfaction of the Company.

 

(e) Remedies. Executive acknowledges that the restrictions contained in Sections
6 and 7 of this Agreement, in view of the nature of the Company’s business and
Executive’s position with the Company, are reasonable and necessary to protect
the Company’s legitimate business interests and that any violation of Sections 6
and 7 of this Agreement would result in irreparable injury to the Company. In
the event of a breach by Executive of Sections 6 or 7 of this Agreement, then
the Company shall be entitled to (i) a temporary restraining order and
injunctive relief restraining Executive from the commission of any breach,
and/or (ii) recover attorneys’ fees, expenses and costs the Company incurs in
such action. Further, if the Company prevails in any action brought by Executive
(or anyone acting on Executive’s behalf) seeking to declare any term in this
Section 7 void or unenforceable or subject to reduction or modification, then
the Company shall be entitled to recover attorneys’ fees, expenses and costs the
Company incurs in such action.

 

(f) Reformation. The courts shall be entitled to modify the duration and scope
of any restriction contained herein to the extent such restriction would
otherwise be unenforceable, and such restriction as modified shall be
enforceable. Executive acknowledges that the restrictions imposed by this
Agreement are legitimate, reasonable and necessary to protect the Company’s
investment in its businesses and the goodwill thereof Executive acknowledges
that the scope and duration of the restrictions contained herein are necessary
and reasonable in light of the time that Executive has been engaged in the
business of the Company, Executive’s reputation in the markets for the Company’s
business and Executive’s relationship with the suppliers, customers and clients
of the Company.

 

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8. Trading Restrictions. Executive will be subject to trading and sales volume
limitations in accordance with (a) applicable law, including Rule 144 under the
Securities Act of 1933 as amended; and (b) such written insider trading policies
as the Board may adopt and promulgate for Company employees generally.

 

9. Termination of Agreement. The employment relationship between Executive and
the Company created under this Agreement shall terminate before the expiration
of the stated term of this Agreement upon the occurrence of any one of the
following events:

 

(a) Death or Permanent Disability. This Agreement, and Executive’s employment,
shall be terminated effective on the death or permanent disability of Executive.
For this purpose, “permanent disability” shall mean that Executive is, by reason
of any medically determinable physical or mental impairment that is expected to
result in death or can be expected to last for a continuous period of not less
than twelve (12) months, receiving income replacement benefits for a period of
not less than three (3) months under an accident and health plan covering
employees of the Company or is determined to be totally disabled by the U.S.
Social Security Administration.

 

(b) Termination for Cause. The Company shall have the option to terminate
Executive’s employment during the Employment Period, effective upon written
notice of such termination to Executive, for Cause as the Company determines.
Under the Agreement, termination for “Cause” means the Company’s termination of
Executive’s employment upon the occurrence of any of the following events:

 

(i) Any act of fraud, misappropriation or embezzlement by Executive regarding
any aspect of the Company’s business;

 

(ii) The material breach by Executive of any Agreement provision and the failure
of Executive to cure the same in all material respects within thirty (30) days
after written notice thereof from the Board;

 

(iii) The conviction of Executive by a court of competent jurisdiction of a
felony or a crime involving moral turpitude;

 

(iv) The intentional and material breach by Executive of any non-disclosure or
non-competition/non-solicitation provision of any agreement to which Executive
and the Company or any of its subsidiaries are parties;

 

(v) The substantial failure by Executive to perform in all material respects
Executive’s duties and responsibilities (other than as a result of death or
disability) and the failure of Executive to cure the same in all material
respects within thirty (30) days after written notice thereof from the Board;

 

(vi) The failure or refusal of Executive to follow the lawful directives of the
Company, which, if curable, Executive failed or refused to cure within thirty
(30) days after written demand is delivered;

 

(vii) Willful conduct by Executive that is materially injurious to the Company;

 

(viii) Acceptance of employment with any employer other than the Company except
upon written permission of the Board (it being acknowledged by the Company that
such written permission has been given with respect to Walker Innovation Inc.
and subsidiaries and Central Lathing, LLC); or

 

(ix) The breach by Executive of Executive’s fiduciary duties to the Company.

 

Prior to any termination for Cause, the Company shall give Executive an
opportunity to appear before the Board (with personal counsel, if Executive so
chooses) in order to be heard on the matter. The Company shall provide Executive
with a written notice of termination, which can be provided on the date of
termination. In the event Executive’s employment is terminated for Cause under
this Agreement, Executive shall be entitled to the compensation provided in
Section 10(a) below.

 

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(c) Termination by the Company without Cause. The Company may terminate this
Agreement without Cause at any time upon ten (10) days’ written notice to
Executive, during which period Executive shall not be required to perform any
services for Employer other than to assist the Company in training Executive’s
successor and generally preparing for an orderly transition; PROVIDED, HOWEVER,
that Executive shall be entitled to compensation upon such termination as
provided in Sections 10(a) and (b) below.

 

(d) Termination by Executive for Good Reason. Executive may terminate
Executive’s employment at any time for Good Reason. For purposes of this
Agreement, “Good Reason” shall mean any of the following without Executive’s
prior written consent: (i) Executive’s being required to report to a regular
place of employment outside New York, New York; (ii) the Company’s material
breach of any of the terms and conditions of this Agreement; or (iii) a
detrimental and material change in Executive’s title, compensation, duties, or
responsibilities; provided, however, that within ninety (90) days following
Executive’s learning of such Good Reason, (1) the Company shall be given written
notice of Executive’s intent to terminate Executive’s employment under this
paragraph, and (2) the Company shall have ten (10) business days from receipt of
such written notice to cure any such breach or change to the reasonable
satisfaction of Executive. Upon such termination for Good Reason, Executive
shall be entitled to compensation as provided in Sections 10(a) and (b) below.

 

(e) Termination by Executive Other Than for Good Reason. Executive may terminate
this Agreement other than for Good Reason at any time upon forty-five (45) days’
written notice to the Company. Upon termination of this Agreement, the Company
shall have no obligation to Executive other than as set forth in Section 10(a).

 

(f) Separation from Service. For purposes of this Agreement, including, without
limitation, Sections 10 and 11, any references to a termination of Executive’s
employment shall mean a “separation from service” as defined by Section 409A of
the Internal Revenue Code of 1986, as amended (the “Code”) and the Treasury
Regulations and other guidance issued thereunder.

 

10. Compensation Upon Termination. Upon the termination of Executive’s
employment under this Agreement before the expiration of the stated term in this
Agreement, Executive shall be entitled to the following:

 

(a) Compensation Upon Termination for Any Reason. Upon termination of
Executive’s employment during the Employment Period before the expiration of the
stated term hereof for any reason, Executive shall be entitled to the following
within ten (10) business days of such termination:

 

(i) Salary. The Base Salary earned by Executive before the effective date of
termination as provided in Section 5(a) (including salary payable during any
applicable notice period), prorated on the basis of the number of full days of
service rendered by Executive during the salary payment period to the effective
date of termination; and

 

(ii) Unreimbursed Business Expenses; Company Benefit Plans. Any unreimbursed
reasonable business expenses and any amounts to which Executive is entitled to
under the Company’s benefit plans in accordance with their terms.

 

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(b) Additional Compensation and Benefits Upon Termination by the Company Without
Cause or by Executive for Good Reason. If, at any time, (i) the Company
terminates Executive’s employment without Cause (as defined in Section 9(b)
above), or (ii) Executive terminates Executive’s employment for Good Reason (as
defined in Section 9(d) above), then the Company shall, subject to Executive’s
execution of a general release of claims in favor of the Company and subject to
Executive’s compliance with Section 6 and Section 7, provide to Executive, in
addition to the amounts set forth in Section 10(a) above, an amount equal to
three (3) months of Executive’s then-current annualized Base Salary, payable in
three (3) equal monthly installments commencing on the Company’s first regular
payroll date after the release of claims provided by Executive has become
effective and binding upon Executive, provided, that, if the maximum forty-five
(45) day consideration period and revocation period described in Section 10(d)
spans one tax years. Additionally, if Executive is eligible and timely elects to
continue Executive’s health insurance coverage pursuant to the COBRA statute,
and subject to Executive’s execution of the release of claims referred to above,
the Company will continue to pay its portion of Executive’s monthly health
insurance premiums for the earlier of (A) the three (3) months following the
effective date of termination of Executive’s employment or, (B) the date
Executive’s coverage under such group health plans terminates for any reason;
provided that the Company’s payment of such premiums shall be limited to the
same proportion of the cost of coverage under the Company’s group health plans
as the Company pays on behalf of its employees generally (the “COBRA
Entitlement”).

 

Executive shall have no obligation to mitigate any severance obligation of the
Company under this Agreement by seeking new employment. The Company shall not be
entitled to set off or reduce any severance payments owed to Executive under
this Agreement by the amount of earnings or benefits received by Executive in
future employment.

 

Notwithstanding the foregoing, with respect to any stock options, restricted
stock, or other plans or programs in which Executive is participating at the
time of termination of Executive’s employment, Executive’s rights and benefits
under each of these plans shall be determined in accordance with the terms,
conditions, and limitations of the plans and any separate agreement executed by
Executive which may then be in effect.

 

(c) Penalty for Breach of Covenants. For any period of time that Executive is in
breach of Section 6 or Section 7, the Company shall not be obligated to pay any
severance payments referenced in this Agreement, the Company’s severance
obligations shall terminate and expire, and the Company shall have no further
obligations to Executive from and after the date of such breach. Additionally,
the Company may recover any severance pay previously paid to Executive for the
period of time that Executive was in breach of Section 6 or Section 7. The
Company shall have all other rights and remedies available under this Agreement
or any other agreement at law or in equity.

 

(d) Release. Payment of any of the amounts described in this Section 10 is
conditioned upon Executive’s execution of a Waiver and Release of Claims in the
form attached hereto as Exhibit A relating to the period of Executive’s
employment with the Company, within the forty- five (45) day period following
the end of Executive’s employment and not revoking such Waiver and Release of
Claims during any applicable revocation period.

 

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11. Compensation Upon Change in Control.

 

(a) Change in Control. For purposes of this Agreement, a “Change in Control” of
the Company occurs upon a change in the Company’s ownership or the ownership of
a substantial portion of its assets, as follows:

 

(i) Change in Ownership. A change in ownership of the Company occurs on the date
that any Person, other than (1) the Company or any of its subsidiaries, (2) a
trustee or other fiduciary holding securities under an employee benefit plan of
the Company or any of its Affiliates, (3) an underwriter temporarily holding
stock pursuant to an offering of such stock, or (4) a corporation owned,
directly or indirectly, by the shareholders of the Company in substantially the
same proportions as their ownership of the Company’s stock, acquires ownership
of the Company’s stock that, together with stock held by such Person,
constitutes more than 50% of the total fair market value or total voting power
of the Company’s stock However, if any Person is considered to own already more
than 50% of the total fair market value or total voting power of the Company’s
stock, the acquisition of additional stock by the same Person is not considered
to be a Change of Control;

 

(ii) Change in Ownership of Substantial Portion of Assets. A change in the
ownership of a substantial portion of the Company’s assets occurs on the date
that a Person acquires (or has acquired during the twelve (12) month period
ending on the date of the most recent acquisition by such Person) all or a
substantial portion of the assets of the Company, by reason of any sale, lease,
exchange or other transfer of the assets of the Company. For purposes hereof, a
“substantial portion of the assets of the Company” shall mean any portion of the
Company’s overall assets representing more than fifty percent (50%) of the fair
market value of the Company’s overall assets. However, there is no Change in
Control when there is such a transfer to an entity that is controlled by the
shareholders of the Company immediately after the transfer, through a transfer
to (1) a shareholder of the Company (immediately before the asset transfer) in
exchange for or with respect to the Company’s stock; (2) an entity, at least 50%
of the total value or voting power of the stock of which is owned, directly or
indirectly, by the Company; (3) a Person that owns directly or indirectly, at
least 50% of the total value or voting power of the Company’s outstanding stock;
or (4) an entity, at least 50% of the total value or voting power of the stock
of which is owned by a Person that owns, directly or indirectly, at least 50% of
the total value or voting power of the Company’s outstanding stock.

 

For purposes of paragraphs (i) and (ii):

 

“Person” shall have the meaning given in Section 7701(a)(1) of the Code. Person
shall include more than one Person acting as a group as defined by the Treasury
Regulations issued under Section 409A of the Code.

 

“Affiliate” shall have the meaning set forth in Rule 12b-2 promulgated under
Section 12 of the Securities Exchange Act of 1934, as amended.

 

The provisions of this Section 11(a) shall be interpreted in accordance with the
requirements of the Treasury Regulations under Section 409A of the Code, it
being the intent of the parties that this Section 11(a) shall be in compliance
with the requirements of said Code Section and said Treasury Regulations.

 

(b) Benefits Upon Termination Following Change in Control.

 

(i) Severance Benefits. If, during the thirty (30) day period immediately prior
to a Change in Control or during the one year period beginning on the date of a
Change in Control (the “Change Period”), (A) Executive’s employment is
terminated by the Company (or by the acquiring or successor business entity
following a Change in Control) other than for Cause (as defined in. Section 9(b)
above), or (B) Executive terminates Executive’s employment with the Company (or
with the acquiring or successor business entity following a Change in Control)
for Good Reason (as defined in Section 9(d) above), then Executive shall
receive, in lieu of the severance benefits described in Section 10(b) above and
subject to Executive’s execution of a general release of claims as provided in
Section 11(d) below, a severance benefit in an amount equal to three (3) months
of Executive’s annualized Base Salary (specified in Section 5(a)) as in effect
on the date of the Change in Control plus three (3) month of the COBRA
Entitlement.

 

10

 

 

(ii) No Payments Upon Breach. The Company shall have no obligation to provide
Executive with any severance compensation under this Section 11 if Executive is
in breach or violation of any of the covenants contained in Sections 6 or 7,
which are applicable to Executive at the time of the severance payment.

 

(iii) No Duplication of Payment. The payment of severance benefits under this
Section 11 shall be in lieu of, and not in addition to, any payments under
Section 10(b).

 

(iv) Time and Form of Payment. Except as otherwise provided by Section 12, the
Company shall pay the severance amount referenced in Section 11(b)(i) in a lump
sum on the date that is sixty (60) days after the date of Executive’s
termination.

 

(v) Notwithstanding the foregoing, with respect to any stock options, restricted
stock, or other plans or programs in which Executive is participating at the
time of termination of Executive’s employment, Executive’s rights and benefits
under each such plan shall be determined in accordance with the terms,
conditions, and limitations of the plan and any separate agreement executed by
Executive which may then be in effect

 

(c) No Mitigation or Offset. Executive shall not be required to mitigate the
amount of any payment provided for in this Section 11 by seeking other
employment or otherwise. The Company shall not be entitled to set off or reduce
any severance payments owed to Executive under this Section 11 by the amount of
earnings or benefits received by Executive in future employment.

 

(d) Release. Payment of any of the amounts described in this Section 11 is
conditioned upon Executive’s execution of a Waiver and Release of Claims in the
form attached hereto as Exhibit A relating to the period of Executive’s
employment with the Company, within the forty- five (45) day period following
the end of Executive’s employment and not revoking such Waiver and Release of
Claims during any applicable revocation period.

 

12. Other Provisions.

 

(a) Remedies; Legal Fees. Each of the parties to this Agreement shall be
entitled to enforce Executive’s or its rights under this Agreement,
specifically, to recover damages by reason of any breach of any provision of
this Agreement and to exercise all other rights existing in Executive’s or its
favor. In any action resulting from a breach of this Agreement, the prevailing
party shall be entitled to recover attorneys’ fees.

 

(b) Limitations on Assignment. In entering into this Agreement, the Company is
relying on the unique personal services of Executive; services from another
person will not be an acceptable substitute. Except as provided in this
Agreement, Executive may not assign this Agreement or any of the rights or
obligations set forth in this Agreement without the explicit written consent of
the Company. Any attempted assignment by Executive in violation of this Section
12(b) shall be void. Except as provided in this Agreement, nothing in this
Agreement entitles any person other than the parties to the Agreement to any
claim, cause of action, remedy, or right of any kind, including, without
limitation, the right of continued employment.

 

(c) Severability and Reformation. The parties intend all provisions of this
Agreement to be enforced to the fullest extent permitted by law. If, however,
any provision of this Agreement is held to be illegal, invalid, or unenforceable
under present or future law, such provision shall be fully severable, and this
Agreement shall be construed and enforced as if such illegal, invalid, or
unenforceable provision were never a part hereof, and the remaining provisions
shall remain in full force and effect and shall not be affected by the illegal,
invalid, or unenforceable provision or by its severance. In lieu of such
illegal, invalid or unenforceable provision, there shall be added automatically
as a part of this Agreement a legal, valid and enforceable provision as similar
in terms to such illegal, invalid or unenforceable provision as may be possible,
and the Company and Executive hereby request the court to whom disputes relating
to this Agreement are submitted to reform the otherwise unenforceable covenant
in accordance with this Section 12(c).

 

11

 

 

(d) Notices. Any notice or other communication required, permitted or desired to
be given under this Agreement shall be deemed delivered when personally
delivered; the business day, if delivered by overnight courier; the same day, if
transmitted by facsimile on a business day before noon, Eastern Standard Time;
the next business day, if otherwise transmitted by facsimile; and the third
business day after mailing, if mailed by prepaid certified mail, return receipt
requested, as addressed or transmitted as follows (or to such subsequent
addresses as the parties may give one another notice of):

 

If to Executive, at the address last for her on record with the Company. If to
the Company:

 

PeerStream, Inc. 

122 E 42nd Street, 34th Floor

New York, NY 10168

 

(e) Further Acts. Whether or not specifically required under the terms of this
Agreement, each party shall execute and deliver such documents and take such
further actions as shall be necessary in order for such party to perform all of
Executive’s or its obligations specified in the Agreement or reasonably implied
from the Agreement’s terms.

 

(f) Publicity and Advertising. Executive agrees that with prior written
approval, the Company may use Executive’s name, picture, or likeness for any
advertising, publicity or other business purpose at any time, during the term of
this Agreement and may continue to use materials generated during the term of
this Agreement for a period of six (6) months thereafter. The use of Executive’s
name, picture, or likeness shall not be deemed to result in any invasion of
Executive’s privacy or in violation of any property right Executive may have;
and Executive shall receive no additional consideration if Executive’s name,
picture or likeness is so used. Executive further agrees that any negatives,
prints or other material for printing or reproduction purposes prepared in
connection with the use of Executive’s name, picture or likeness by the Company
shall be and are the sole property of the Company.

 

(g) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE
CONFLICT OF LAWS (RULES) OR CHOICE OF LAWS (RULES) THEREOF.

 

(h) Venue. The exclusive venue for all suits or proceedings arising from or
related to this Agreement shall be in a court of competent jurisdiction in New
York, New York.

 

(i) Waiver. A party’s waiver of any breach or violation of any Agreement
provisions shall not operate as, or be construed to be, a waiver of any later
breach of the same or other Agreement provision.

 

12

 

  

(j) Entire Agreement, Amendment, Binding Effect. This Agreement constitutes the
entire agreement between the parties concerning the subject matter in this
Agreement. No oral statements or prior written material not specifically
incorporated in this Agreement shall be of any force and effect. This Agreement
supersedes and replaces in all respects the terms of the Professional Services
Agreement entered into between Executive and the Company on May 17, 2019, except
that Sections 6, 7, 13 and 17 of the Professional Services Agreement continue in
force and effect. No changes in or additions to this Agreement shall be
recognized, unless incorporated in this Agreement by written amendment, such
amendment to become effective on the date stipulated in it. Executive
acknowledges and represents that in executing this Agreement, Executive did not
rely, and has not relied, on any communications, promises, statements,
inducements, or representation(s), oral or written, by the Company, except as
expressly contained in this Agreement. Any amendment to this Agreement must be
signed by all parties to this Agreement. This Agreement will be binding on and
inure to the benefit of the parties hereto and their respective successors,
heirs, legal representatives, and permitted assigns (if any). This Agreement
supersedes any prior agreements between Executive and the Company concerning the
subject matter of this Agreement.

 

(k) Counterparts. This Agreement may be executed in counterparts, with the same
effect as if both parties had signed the same document. All such counterparts
shall be deemed an original, shall be construed together and shall constitute
one and the same instrument.

 

(l) Directors and Officers Insurance/Indemnification. During the Employment
Period, the Company shall maintain Executive as an insured party on directors’
and officers’ insurance maintained by the Company for the benefit of its
directors and officers. Either through its directors and officers insurance
policy and pursuant to the terms thereof or, if such insurance is not available,
otherwise, the Company will indemnify and hold Executive harmless against any
liability, damage, cost or expense incurred in connection with the defense of
any action, suit or proceeding to which Executive is a party, or threat thereof,
by reason of Executive’s being or having been an officer or director of the
Company or any affiliate of the Company, to the extent permitted by applicable
law; provided, however, that this indemnity shall not apply if Executive is
determined by a court of competent jurisdiction to have acted against the
interests of the Company with gross negligence, gross misconduct, or gross
malfeasance. Promptly after receipt by Executive of notice of the commencement
of any action (including any governmental action) or threat thereof, Executive
shall, if a claim covered by this Section 12(1) is to be made or is threatened
against Executive, deliver to the Company a written notice of the commencement
or threat thereof and the Company shall have the right to participate in, and,
to the extent ,the Company so desires to assume the defense thereof with counsel
selected by the Company and approved by Executive (whose approval shall not be
unreasonably withheld); provided, however, that Executive (together with all
other indemnified parties which may be represented without conflict by one
counsel) shall have the right to retain one separate counsel, with the fees and
expenses to be paid by the Company, if, and only if, representation of Executive
by the counsel retained by the Company would be inappropriate due to actual or
potential differing interests between Executive and any other party represented
by such counsel in such proceeding. Executive’s failure to deliver written
notice to the Company within a reasonable time of the commencement or threat of
any action for which Executive seeks indemnification under this Section 12(1),
if prejudicial to the Company’s ability to defend such action, shall relieve the
Company of any liability to Executive under this Agreement.

 

13

 

 

13. Section 409A of the Code

 

(a) To the extent (i) any payments to which Executive becomes entitled under
this Agreement, or any agreement or plan referenced herein, in connection with
Executive’s termination of employment with the Company constitute deferred
compensation subject to Section 409A of the Code; (ii) Executive is deemed at
the time of Executive’s separation from service to be a “specified employee”
under Section 409A of the Code; and (iii) at the time of Executive’s separation
from service the Company is publicly traded (as defined in Section 409A of
Code), then such payments (other than any payments permitted by Section 409A of
the Code to be paid within six (6) months of Executive’s separation from
service) shall not be made until the earlier of (x) the first day of the seventh
month following Executive’s separation from service or (y) the date of
Executive’s death following such separation from service. During any period that
payment or payments to Executive are deferred pursuant to the foregoing,
Executive shall be entitled to interest on the deferred payment or payments at a
per annum rate equal to the highest rate of interest applicable to six (6) month
money market accounts offered by the following institutions: Citibank N.A.,
Wells Fargo Bank, NA., or Bank of America, on the date of such “separation from
service.” Upon the expiration of the applicable deferral period, any payments
which would have otherwise been made during that period (whether in a single sum
or in installments) in the absence of this Section 13 (together with accrued
interest thereon) shall be paid to Executive or Executive’s beneficiary hi one
lump sum.

 

(b) It is intended that this Agreement comply with or be exempt from the
provisions of Section 409A of the Code and the Treasury Regulations and guidance
of general applicability issued thereunder so as to not subject Executive to the
payment of additional interest and taxes under Section 409A of the Code, and in
furtherance of this intent, this Agreement shall be interpreted, operated and
administered in a manner consistent with these intentions.

 

[Signature Page Follows]

 

14

 

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
first indicated above.

 

THE COMPANY:

 

/s/ Jason Katz   PEERSTRAM, INC.   By: Jason Katz   Title: Chairman of the Board
of Directors        EXECUTIVE:       /s/ Kara Jenny Goldstein   Kara Jenny
Goldstein   12/9/2019  

  

15

 

 

EXHIBIT A

 

WAIVER AND RELEASE OF CLAIMS

 

This Waiver and Release of Claims (“Release”), effective as of the
                (the “Effective Date”), is made and entered into by and between
Kara Jenny Goldstein (“Executive”) and PeerStream, Inc., a Delaware corporation
(the “Company”). Terms used in this Release with initial capital letters that
are not otherwise defined herein shall have the meanings ascribed to such terms
in the Employment Agreement made and entered into as of             , 2019 by
and between the Company and Executive (the “Agreement”).

 

WHEREAS, Executive and the Company are parties to the Agreement; and

 

WHEREAS, Section 10 and Section 11 of the Agreement provide that Executive is
entitled to certain payments and benefits upon separation from employment if
Executive signs a release agreement;

 

NOW THEREFORE, in consideration of the mutual promises and covenants set forth
herein, the receipt and adequacy of which are acknowledged, Executive and the
Company agree as follows:

 

1. Global Release. In consideration of the mutual promises contained in the
Agreement, including the Company’s promises to pay Executive consideration under
Section 10 or Section 11 of the Agreement, which are in addition to anything of
value to which Executive is already entitled, Executive, on behalf of himself,
Executive’s heirs, executors, successors and assigns, irrevocably and
unconditionally releases, waives, and forever discharges the Company and all of
its parents, divisions, subsidiaries, affiliates, joint venture partners,
partners, and related companies, and their present and former agents, employees,
officers, directors, attorneys, stockholders, plan fiduciaries, successors and
assigns (collectively, the “Released Parties”), from any and all claims,
demands, actions, causes of action, costs, fees, and all liability whatsoever,
whether known or unknown, fixed or contingent, which Executive has, had, or may
have against the Released Parties relating to or arising out of Executive’s
employment, or any terms of the Agreement, from the Effective Date and up to and
including the date of this Release. This Release includes, without limitation,
claims at law or equity or sounding in contract (express or implied) or tort,
claims arising under any federal, state, or local laws of any jurisdiction that
prohibit age, sex, race, national origin, color, creed, disability, religion,
military status, family status, marital status, partnership status, domestic
violence, stalking and sex offense victim status, arrest and conviction record,
predisposing genetic characteristic, alienage or citizenship status, sexual
orientation, or any other form of discrimination, harassment, or retaliation
(including, without limitation, the Age Discrimination in Employment Act, the
Americans with Disabilities Act, the ADA Amendments Act of 2008, Title VII of
the 1964 Civil Rights Act, the Civil Rights Act of 1991, the Civil Rights Acts
of 1866 and/or 1871, 42 U.S.C. Section 1981, the Rehabilitation Act, the Family
and Medical Leave Act, the Fair Labor Standards Act anti-retaliation provisions,
the Sarbanes- Oxley Act, the Employee Polygraph Protection Act, the Uniformed
Services Employment and Reemployment Rights Act of 1994, the Lilly Ledbetter
Fair Pay Act, the Genetic Information Nondiscrimination Act, the New York Civil
Rights Law, the New York City Human Rights Law, any federal, state, local or
municipal whistleblower protection or anti-retaliation statute or ordinance, or
any other federal, state, local, or municipal laws of any jurisdiction), claims
arising under the Employee Retirement Income Security Act (except any employee
benefits or employee participation rights as contained in the Agreement), or any
other statutory or common law claims related to or arising out of Executive’s
employment or any terms of the Agreement, from the Effective Date and up to and
including the date of this Release’s execution. Notwithstanding the foregoing,
nothing in this Release shall affect or impair: (i) any rights Executive may
have to indemnification, including without limitation indemnification for
attorneys’ fees, costs and/or expenses, pursuant to applicable statute,
certificates of incorporation and by-laws of the Company or any of its
affiliates; (ii) any of Executive’s rights arising under the Agreement; or (iii)
any rights that Executive has as a former employee under the Company’s employee
benefit plans (other than any severance plan).

 

16

 

  

2. No Admission of Liability. Executive understands and agrees that this Release
shall not in any way be construed as an admission by the Released Parties of any
unlawful or wrongful acts whatsoever against Executive or any other person. The
Released Parties specifically disclaim any liability to or wrongful acts against
Executive or any other person.

 

3. Time to Consider Release. Executive is hereby advised in writing by the
Company that Executive should consult an attorney before executing this Release.
Executive has a period of up to forty- five (45) calendar days after receiving
the Release within which to review and consider the provisions of this Release.
Executive understands that if Executive does not sign this Release before the
forty-five (45) calendar day period expires, this Release offer will be
withdrawn automatically.

 

4. Revocation Period. Executive understands and acknowledges that she has seven
(7) calendar days following the execution of this Release to revoke Executive’s
acceptance of this Release. This Release will not become effective or
enforceable, and the payments and benefits described under Section 10 or Section
11 will not become payable, until after this revocation period has expired
without Executive’s revocation. If Executive does not revoke the Release within
the revocation period, the Company will commence the payments and benefits
described under Section 10 or Section 11 of the Agreement within ten (10) days
after the revocation period’s expiration date.

 

5. Confidentiality of Release and Company Information. Executive agrees to keep
this Release, its terms, and the amount of payments and benefits related to this
Release completely confidential. Executive agrees and understands that Executive
is prohibited from disclosing any terms of this Release to anyone, except that
Executive may disclose the terms of this Release and the amount of the payments
and benefits related to this Release to Executive’s spouse, attorneys,
accountants, and financial advisors or as otherwise required by law. Executive
also agrees to continue to abide by the confidentiality provisions of the
Agreement.

 

6. Non-Disparagement. Executive agrees to continue to abide by the
non-disparagement provisions of the Agreement.

 

7. Agreement to Return Company Property/Documents. Executive understands and
agrees that Executive’s last day of active work in any Company office or on any
Company owned or leased property will be . Accordingly, Executive agrees that:
(i) Executive will not take with her, copy, alter, destroy, or delete any files,
documents, electronically stored information, or other materials, whether or not
embodying or recording any Confidential Information, including copies, without
obtaining in advance the written consent of an authorized Company
representative; and (ii) Executive will promptly return to the Company all
Confidential Information, documents, files, records and tapes, whether written
in hardcopy form or electronically stored, that have been in Executive’s
possession or control regarding the Company, and Executive will not use or
disclose such materials in any way or in any format, including written
information in any form, information stored by electronic means, and all copies
of these materials. Executive further agrees that on , Executive will return to
the Company immediately all Company property, including, without limitation,
keys, equipment, computer(s) and computer equipment, devices, Company cellular
phones, Company credit cards, data, electronically stored information, lists,
correspondence, notes, memos, reports, or other writings prepared by the Company
or himself on behalf of the Company.

 

17

 

 

 

8. Authorized Use of Trade Secrets/ Confidential Information. Notwithstanding
the foregoing, Executive understands that Executive may disclose proprietary
and/ or confidential information when required to do so by a court of competent
jurisdiction, by any governmental agency having authority over Executive or the
business of the Company or by any administrative body or legislative body
(including a committee thereof) with jurisdiction to order that Executive
divulge, disclose or make accessible such information. The Company hereby
notifies Executive in accordance with the Defend Trade Secrets Act of 2016 that
Executive will not be held criminally or civilly liable under any federal or
state trade secret law for the disclosure of a trade secret that: (a) is made
(i) in confidence to a federal, state, or local government official, either
directly or indirectly, or to an attorney; and (ii) solely for the purpose of
reporting or investigating a suspected violation of law; or (b) is made in a
complaint or other document that is filed under seal in a lawsuit or other
proceeding. The Company further notifies Executive that if Executive files a
lawsuit for retaliation against the Company for reporting a suspected violation
of law, Executive may disclose the Company’s trade secrets to Executive’s
attorney and use the trade secret information in the court proceeding if
Executive: (a) files any document containing the trade secret under seal; and
(b) does not disclose the trade secret, except pursuant to court order.

 

9. Knowing and Voluntary Release. Executive understands that it is Executive’s
choice whether to enter into this Release and that Executive’s decision to do so
is voluntary and is made knowingly.

 

10. No Prior Representations or Inducements. Executive represents and
acknowledges that in executing this Release, Executive did not rely, has not
relied, and expressly disavows reliance on any communications, statements,
promises, inducements, or representation(s), oral or written, by any of the
Released Parties, except as expressly contained in this Release.

 

11. Choice of Law. This Release shall, in all respects, be interpreted,
enforced, and governed under the laws of the State of New York. The parties
agree that the language of this Release shall, in all cases, be construed as a
whole, according to its fair meaning, and not strictly for, or against, any of
the parties.

 

12. Severability. The Company and Executive agree that should a court declare or
determine that any provision of this Release is illegal or invalid, the validity
of the remaining parts, terms or provisions of this Release will not be affected
and any illegal or invalid part, term, or provision, will not be deemed to be a
part of this Release.

 

13. Counterparts. The Company and Executive agree that this Release may be
executed in any number of counterparts, each of which shall be deemed an
original, but all of which together shall be deemed one and the same instrument.

 

Please read carefully as this document includes a release of claims.

 

{Signature Page Follows}

 

18

 

 

IN WITNESS WHEREOF, the Company and Executive hereto evidence their agreement by
their signatures.

 

THE COMPANY:           PEERSTRAM, INC.   By: Jason Katz   Title: Chairman of the
Board of Directors       EXECUTIVE:       Kara Jenny Goldstein  

 

 

 19