Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT (together with Exhibit A and Exhibit B attached
hereto, this “Agreement”) is entered into as of October 17, 2019, by and between
Streamline Health Solutions, Inc., a Delaware corporation with its headquarters
in Atlanta, Georgia (the “Company”), and any of its respective successors, and
Wyche T. “Tee” Green, III, a resident of the State of Georgia (the “Executive”),
and supersedes and replaces that certain Employment Agreement by and between the
Company and the Executive dated as of July 28, 2019.

 

RECITALS:

 

WHEREAS, the Executive has served on an interim basis as the President & Chief
Executive Officer of the Company since July 28, 2019;

 

WHEREAS, the Company desires that the Executive continue to serve as the
Company’s President & Chief Executive Officer for the period set forth herein
and the Executive desires to serve and be so employed by the Company;

 

WHEREAS, the Company and the Executive wish to establish the terms of the
Executive’s employment with the Company, the financial obligations of the
Company to the Executive and to specify certain rights, responsibilities and
duties of the Executive; and

 

WHEREAS, the Company and the Executive hereby agree that the Executive will
serve as the President & Chief Executive Officer of the Company pursuant to the
terms and conditions set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the premises and the agreements contained
herein, and for other good and valuable consideration, the receipt and adequacy
of which the parties hereby acknowledge, the parties agree as follows:

 

1.                                      EMPLOYMENT

 

The Company hereby agrees to employ the Executive, and the Executive, in
consideration of such employment and other consideration set forth herein,
hereby accepts employment, upon the terms and conditions set forth herein.

 

2.                                      POSITION AND DUTIES

 

During the Term (as defined in Section 10 of this Agreement), the Executive will
be employed as the President & Chief Executive Officer of the Company and may
also serve as an officer or director of affiliates of the Company for no
additional compensation, as part of the Executive’s services to the Company
hereunder. Notwithstanding the foregoing, the Executive shall be entitled to
compensation previously awarded in his capacity as Chairman at the Company’s
annual meeting of stockholders held on May 22, 2019. While employed hereunder,
the Executive will do all things necessary, legal and incident to the above
positions, and otherwise will perform such executive-level functions, as the
Board of Directors of the Company (the “Board”) may establish from time to time.

 

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3.                                      COMPENSATION AND BENEFITS

 

Subject to such modifications as may be contemplated by Exhibit A attached
hereto and approved from time to time by the Board or the Compensation Committee
of the Board (the “Committee”), and unless otherwise consented to by the
Executive, the Executive will receive the compensation and benefits listed on
the attached Exhibit A, which is incorporated herein and expressly made a part
of this Agreement. Such compensation and benefits will be paid and provided by
the Company in accordance with the Company’s regular payroll, compensation and
benefits policies.

 

4.                                      EXPENSES

 

The Company will pay or reimburse the Executive for all travel and out-of-pocket
expenses reasonably incurred or paid by the Executive in connection with the
performance of the Executive’s duties as an employee of the Company upon
compliance with the Company’s procedures for expense reimbursement, including
the presentation of expense statements or receipts or such other supporting
documentation as the Company may reasonably require. All expenses eligible for
reimbursements in connection with the Executive’s employment with the Company
must be incurred by the Executive during the term of employment and must be in
accordance with the Company’s expense reimbursement policies. The amount of
reimbursable expenses incurred in one taxable year will not affect the expenses
eligible for reimbursement in any other taxable year. Each category of
reimbursement will be paid as soon as administratively practicable, but in no
event will any such reimbursement be paid after the last day of the taxable year
following the taxable year in which the expense was incurred. No right to
reimbursement is subject to liquidation or exchange for other benefits.

 

5.                                      BINDING AGREEMENT

 

The Company warrants and represents to the Executive that the Company, acting by
the officer executing this Agreement on its behalf of the Company, has the full
right and authority to enter into this Agreement and to perform all of its
obligations hereunder.

 

6.                                      OUTSIDE EMPLOYMENT

 

The Executive will devote the Executive’s substantial time and attention to the
performance of the duties incident to the Executive’s position with the Company,
and will not have any other employment with any other enterprise or substantial
responsibility for any enterprise which would be inconsistent with the
Executive’s duty to devote the Executive’s substantial time and attention to
Company matters; provided, however, that the foregoing will not prevent the
Executive from (i) involvement in the activities of 121G, LLC, a Georgia-based
investment company, and its affiliated subsidiaries, organizations, and
entities, including, without limitation, 121G Consulting, LLC, a Georgia limited
liability company (to the extent such activities do not conflict with the
Executive’s substantial time and attention to Company matters and any fiduciary
duties owed to the Company by the Executive), (ii) participation in any
charitable or civic organization, or (iii) subject to the Board’s consent, which
consent will not be unreasonably withheld, from service in a non-executive
capacity on the boards of directors of up to three (3) other corporations
subject to the reporting requirements of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)that do not interfere with the Executive’s
performance of the duties and responsibilities to be performed by the Executive
under this Agreement.

 

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7.                                      CONFIDENTIAL INFORMATION AND TRADE
SECRETS

 

The Company is in the business of providing solutions, including comprehensive
suites of health information management solutions relating to enterprise content
management, computer assisted coding and clinical analytics that help hospitals,
physician groups and other healthcare organizations improve efficiencies and
business processes across the enterprise to enhance and protect revenues,
offering a flexible, customizable way to optimize the clinical and financial
performance of any healthcare organization (the “Business”). For the avoidance
of doubt, (i) pre-billing audit technology and (ii) pre-billing audit services
shall be included within the definition of “Business”.

 

For the purpose of this Agreement, “Confidential Information” will mean any
written or unwritten information which relates to or is used in the Company’s
Business (including, without limitation, the Company’s services, processes,
patents, systems, equipment, creations, designs, formats, programming,
discoveries, inventions, improvements, computer programs, data kept on
computers, engineering, research, development, applications, financial
information, information regarding services and products in development, market
information, including test marketing or localized marketing, other information
regarding processes or plans in development, trade secrets, training manuals,
know-how of the Company, and the customers, clients, suppliers and others with
whom the Company does, or has in the past done, business (including any
information about the identity of the Company’s customers or suppliers and
written customer lists and customer prospect lists), or information about
customer requirements, transactions, work orders, pricing policies, plans or any
other Confidential Information, which the Company deems confidential and
proprietary and which is generally not known to others outside the Company and
which gives or tends to give the Company a competitive advantage over persons
who do not possess such information or the secrecy of which is otherwise of
value to the Company in the conduct of its business — regardless of when and by
whom such information was developed or acquired, and regardless of whether any
of these are described in writing, reduced to practice, copyrightable or
considered copyrightable, patentable or considered patentable; provided,
however, that “Confidential Information” will not include general industry
information or information which is publicly available or is otherwise in the
public domain without breach of this Agreement, information which the Executive
has lawfully acquired from a source other than through his employment with the
Company, or information which is required to be disclosed pursuant to any law,
regulation or rule of any governmental body or authority or court order (in
which event the Executive will immediately notify the Company of such
requirement or order so as to give the Company an opportunity to seek a
protective order or other manner of protection prior to production or disclosure
of the information). The Executive acknowledges that Confidential Information is
novel and proprietary to and of considerable value to the Company.

 

Confidential Information will also include confidential information of third
parties, clients or prospective clients that has been provided to the Company or
to the Executive in conjunction with the Executive’s employment, which
information the Company is obligated to treat as confidential. Confidential
Information does not include information voluntarily disclosed to the public by
the Company, except where such public disclosure has been made by the Executive
without authorization from the Company, or which has been independently
developed and disclosed by others, or which has otherwise entered the public
domain through lawful means.

 

The Executive acknowledges that all Confidential Information is the valuable,
unique and special asset of the Company and that the Company owns the sole and
exclusive right, title and interest in and to this Confidential Information:

 

(a)                                 To the extent that the Confidential
Information rises to the level of a trade secret under applicable law, then the
Executive will, during Executive’s employment and for as long thereafter

 

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as the Confidential Information remains a trade secret (or for the maximum
period of time otherwise allowed under applicable law) protect and maintain the
confidentiality of these trade secrets and refrain from disclosing, copying or
using the trade secrets without the Company’s prior written consent, except as
necessary in the Executive’s performance of the Executive’s duties while
employed with the Company.

 

(b)                                 To the extent that the Confidential
Information defined above does not rise to the level of a trade secret under
applicable law, the Executive will not, during the Executive’s employment and
thereafter for a period of two (2) years, disclose, or cause to be disclosed in
any way, Confidential Information, or any part thereof, to any person, firm,
corporation, association or any other operation or entity, or use the
Confidential Information on the Executive’s own behalf, for any reason or
purpose except as necessary in the performance of his duties while employed with
the Company. The Executive further agrees that, during the Executive’s
employment and thereafter for a period of two (2) years, the Executive will not
distribute, or cause to be distributed, Confidential Information to any third
person or permit the reproduction of Confidential Information, except on behalf
of the Company in the Executive’s capacity as an employee of the Company. The
Executive will take all reasonable care to avoid unauthorized disclosure or use
of the Confidential Information. The Executive agrees that all restrictions
contained in this Section 7 are reasonable and valid under the circumstances and
hereby waives all defenses to the strict enforcement thereof by the Company.

 

The Executive agrees that, upon the request of the Company, or in any event
immediately upon termination of his employment for whatever reason, the
Executive will immediately deliver up to the Company or its designee all
tangible Confidential Information in the Executive’s possession or control, and
all notes, records, memoranda, correspondence, files and other papers, and all
copies thereof, relating to or containing Confidential Information. The
Executive does not have, nor can the Executive acquire, any property or other
rights in Confidential Information.

 

8.                                      PROPERTY OF THE COMPANY

 

All ideas, inventions, discoveries, proprietary information, know-how, processes
and other developments and, more specifically, improvements to existing
inventions, conceived by the Executive, alone or with others, during the term of
the Executive’s employment with the Company, whether or not during working hours
and whether or not while working on a specific project, that are within the
scope of the Company’s Business operations or that relate to any work or
projects of the Company, are and will remain the exclusive property of the
Company. Inventions, improvements and discoveries relating to the
(i) pre-billing audit technology and (ii) pre-billing audit services of the
Company conceived or made by the Executive, either alone or with others, while
employed with the Company are conclusively and irrefutably presumed to have been
made during the period of employment and are the sole property of the Company.
The Executive will promptly disclose in writing any such matters to the Company
but to no other person without the consent of the Company. With respect to all
inventions, improvements and discoveries relating to (i) pre-billing audit
technology and (ii) pre-billing audit services, the Executive hereby assigns and
agrees to assign all right, title and interest in and to such matters to the
Company. The Executive will, upon request of the Company, execute such
assignments or other instruments and assist the Company in the obtaining, at the
Company’s sole expense, of any patents, trademarks or similar protection, if
available, in the name of the Company.

 

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9.                                      PROTECTIVE COVENANTS

 

(a)                                 Non-Solicitation of Customers or Clients.
During the Executive’s employment and for a period of two (2) years following
the date of any voluntary or involuntary termination of the Executive’s
employment for any reason, the Executive agrees not to solicit, directly or
indirectly (including by assisting others), any business from any of the
Company’s customers or clients, including actively sought prospective customers
or clients, with whom the Executive has had material contact during the
Executive’s employment with the Company, for the purpose of providing products
or services that are competitive with those provided by the Company. However,
the Executive’s non-solicitation obligations pursuant to this Section 9(a) shall
only apply to the Company’s customers or clients applicable to the following
services provided by the Company: (i) pre-billing audit technology and
(ii) pre-billing audit services. As used in this paragraph, “material contact”
means the contact between the Executive and each customer, client or vendor, or
potential customer, client or vendor (i) with whom or which the Executive dealt
on behalf of the Company, (ii) whose dealings with the Company were coordinated
or supervised by the Executive, (iii) about whom the Executive obtained
confidential information in the ordinary course of business as a result of the
Executive’s association with the Company, or (iv) who receives products or
services authorized by the Company, the sale or provision of which products or
services results or resulted in compensation, commissions or earnings for the
Executive within two (2) years prior to the date of the Executive’s termination.

 

(b)                                 Non-Piracy of Employees. During the
Executive’s employment and for a period of two (2) years following the date of
any voluntary or involuntary termination of the Executive’s employment for any
reason, the Executive covenants and agrees that the Executive will not, directly
or indirectly, within the Territory, as defined below: (i) actively solicit,
recruit or hire (or attempt to solicit, recruit or hire) or otherwise assist
anyone in soliciting, recruiting or hiring, any employee or independent
contractor of the Company who performed work for the Company and worked with the
Executive within the last year of the Executive’s employment with the Company,
or (ii) otherwise encourage, solicit or support any such employee or independent
contractor to leave his or her employment or engagement with the Company.

 

(c)                                  Non-Compete. During the Executive’s
employment with the Company and for a period of two (2) years following the date
of any voluntary or involuntary termination of the Executive’s employment for
any reason, and provided that the Company is not in default of its obligations
specified in Sections 3, 11 and 13 hereof, the Executive agrees not to, directly
or indirectly, compete with the Company, as an officer, director, member,
principal, partner, shareholder, owner, manager, supervisor, administrator,
employee, consultant or independent contractor, by working for a competitor to,
or engaging in competition with, the Company in (i) pre-billing audit technology
or (ii) pre-billing audit services, in the Territory, in a capacity in which the
Executive performs duties and responsibilities that are the same as or similar
to the duties related to pre-billing audit technology or pre-billing audit
services performed by the Executive while employed by the Company, provided that
the foregoing will not prohibit the Executive from owning not more than five
percent (5%) of the outstanding stock of a corporation subject to the reporting
requirements of the Exchange Act. The “Territory” will be defined to be that
geographic area comprised of the following states in the United States of
America, the District of Columbia, the Canadian provinces of Quebec and Alberta:

 

Alabama

 

Indiana

 

Nebraska

 

South Carolina

Alaska

 

Iowa

 

Nevada

 

South Dakota

Arizona

 

Kansas

 

New Hampshire

 

Tennessee

Arkansas

 

Kentucky

 

New Jersey

 

Texas

California

 

Louisiana

 

New Mexico

 

Utah

 

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Colorado

 

Maine

 

New York

 

Vermont

Connecticut

 

Maryland

 

North Carolina

 

Virginia

Delaware

 

Massachusetts

 

North Dakota

 

Washington

Florida

 

Michigan

 

Ohio

 

West Virginia

Georgia

 

Minnesota

 

Oklahoma

 

Wisconsin

Hawaii

 

Mississippi

 

Oregon

 

Wyoming

Idaho

 

Missouri

 

Pennsylvania

 

 

Illinois

 

Montana

 

Rhode Island

 

 

 

; provided, however, that the Territory described herein is a good faith
estimate of the geographic area that is now applicable as the area in which the
Company does or will do business during the term of the Executive’s employment,
and the Company and the Executive agree that this non-compete covenant will
ultimately be construed to cover only so much of such Territory as relates to
the geographic areas in which the Executive does business for and on behalf of
the Company within the two (2)-year period preceding termination of the
Executive’s employment.

 

10.                               TERM

 

Unless earlier terminated pursuant to Section 11 herein, the term of this
Agreement will be for a period beginning on the start date specified in
Exhibit A and ending on October 17, 2020 (the “Initial Term”). Upon expiration
of the Initial Term, this Agreement will automatically renew in successive one
(1)-year periods (each a “Renewal Period”), unless the Executive or the Company
notifies the other party at least sixty (60) days prior to the end of the
Initial Term or the applicable Renewal Period that this Agreement will not be
renewed. The Initial Term, and, if this Agreement is renewed in accordance with
this Section 10, each Renewal Period, will be included in the definition of
“Term” for purposes of this Agreement. Unless waived in writing by the Company,
the requirements of Section 7 (Confidential Information and Trade Secrets),
Section 8 (Property of the Company) and Section 9 (Protective Covenants) will
survive the expiration or termination of this Agreement or Executive’s
employment for any reason.

 

11.                               TERMINATION

 

(a)                                 Death. This Agreement and the Executive’s
employment hereunder will be terminated on the death of the Executive, effective
as of the date of the Executive’s death. In such event, the Company will pay to
the estate of the Executive the sum of (i) accrued but unpaid base salary earned
prior to the Executive’s death (to be paid in accordance with normal practices
of the Company) and (ii) expenses incurred by the Executive prior to his death
for which the Executive is entitled to reimbursement under (and paid in
accordance with) Section 4 herein, and the Executive will be entitled to no
severance or other post-termination benefits.

 

(b)                                 Continued Disability. This Agreement and the
Executive’s employment hereunder may be terminated, at the option of the
Company, upon a Continued Disability (as defined herein) of the Executive. For
the purposes of this Agreement, and unless otherwise required under Section 409A
of the Internal Revenue Code of 1986, as amended (the “Code”), “Continued
Disability” will be defined as the inability or incapacity (either mental or
physical) of the Executive to continue to perform the Executive’s duties
hereunder for a continuous period of one hundred twenty (120) working days, or
if, during any calendar year of the Term hereof because of disability, the
Executive will have been unable to perform the Executive’s duties hereunder for
a total period of one hundred eighty (180) working days regardless of whether or
not such days are consecutive. The determination as to whether the Executive is
unable to perform the essential functions of the Executive’s job will be made by
the Board or the Committee in its

 

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reasonable discretion; provided, however, that if the Executive is not satisfied
with the decision of the Board or the Committee, the Executive will submit to
examination by three (3) competent physicians who practice in the metropolitan
area in which the Company maintains its principal executive office, one of whom
will be selected by the Company, another of whom will be selected by the
Executive, with the third to be selected by the physicians so selected. The
determination of a majority of the physicians so selected will supersede the
determination of the Board or the Committee and will be final and conclusive. In
the event of the termination of the Executive’s employment due to Continued
Disability, the Company will pay to the Executive the sum of (i) accrued but
unpaid base salary earned prior to the date of the Executive’s termination of
employment due to Continued Disability (paid in accordance with the normal
practices of the Company), and (ii) expenses incurred by the Executive prior to
his termination of employment for which the Executive is entitled to
reimbursement under (and paid in accordance with) Section 4 herein, and the
Executive will be entitled to no severance or other post-termination benefits.

 

(c)                                  Termination by the Company for Good Cause,
by the Executive Other Than for Good Reason, or upon Non-Renewal of the Term by
Executive. Notwithstanding any other provision of this Agreement, the Company
may at any time terminate this Agreement and the Executive’s employment
hereunder for Good Cause, the Executive may at any time terminate his employment
other than for Good Reason (as defined in Section 11(d) herein), or the
Executive may notify the Company that he will not renew the Term. For this
purpose, “Good Cause” will include the following: the current use of illegal
drugs; conviction of any crime which involves moral turpitude, fraud or
misrepresentation; commission of any act which would constitute a felony or
which adversely impacts the business or reputation of the Company; fraud;
misappropriation or embezzlement of Company funds or property; willful
misconduct or grossly negligent or reckless conduct which is materially
injurious to the reputation, business or business relationships of the Company;
material violation or default on any of the provisions of this Agreement; or
material and continuous failure to meet reasonable performance criteria or
reasonable standards of conduct as established from time to time by the Board,
which failure continues for at least thirty (30) days after written notice from
the Company to the Executive. Notice of a termination by the Company for Good
Cause will be delivered in writing to the Executive stating the Good Cause for
such action. If the employment of the Executive is terminated by the Company for
Good Cause, if the Executive terminates employment for any reason other than for
Good Reason (including, but not limited to, resignation), or if the Executive
notifies the Company he will not renew the Term, then, the Company will pay to
the Executive the sum of (i) accrued but unpaid salary through the termination
date (paid in accordance with the normal practices of the Company), and
(ii) expenses incurred by the Executive prior to his termination date for which
the Executive is entitled to reimbursement under (and paid in accordance with)
Section 4 herein, and the Executive will be entitled to no severance or other
post-termination benefits.

 

(d)                                 Termination by the Company without Good
Cause or by the Executive for Good Reason. The Company may terminate this
Agreement and the Executive’s employment at any time, including for reasons
other than Good Cause (as “Good Cause” is defined in Section 11(c) above), the
Executive may terminate his employment at any time, including for Good Reason,
or the Company may elect not to renew the Term. For the purposes herein, “Good
Reason” will mean (i) a material diminution of the Executive’s base salary;
(ii) a material diminution in the Executive’s authority, duties, or
responsibilities; or (iii) any other action or inaction that constitutes a
material breach of the terms of this Agreement; provided that the Executive’s
termination will not be treated as for Good Reason unless the Executive provides
the Company with notice of the existence of the condition claimed to constitute
Good Reason within ninety (90) days of the initial existence of such condition
and the Company fails to remedy such condition within thirty (30) days following
the Company’s receipt of such notice. In the event that (i) the Company
terminates the employment of the Executive during the Term for reasons other
than for Good Cause, death or Continued Disability or (ii) the Executive
terminates employment for Good Reason, then (x) all unvested shares of
restricted stock granted to the Executive pursuant to Section 6(b) of Exhibit A
to this

 

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Agreement shall immediately vest in full, and (y) the Company will pay the
Executive the sum of (A) accrued but unpaid salary through the termination date
paid in accordance with the normal practices of the Company, (B) expenses
incurred by the Executive prior to his termination date for which the Executive
is entitled to reimbursement under (and paid in accordance with) Section 4
herein, and (C) provided that the Executive is not in default of his obligations
under Section 7, 8, or 9 herein, an amount equal to twelve (12) months’ base
salary ((A) through (C), being hereinafter referred to, collectively, as the
“Separation Benefits”). In such event, the payments described in (C) in the
preceding sentence will be made following the Executive’s execution (and
non-revocation) of a form of general release of claims substantially in the form
attached hereto as Exhibit B (but subject to any changes that may be reasonably
required to effectuate a valid release and waiver under the Age Discrimination
in Employment Act of 1967 or any other current or future state or federal laws
governing the relationships of employers and their employees) in accordance with
the normal payroll practices of the Company; provided that the portion of the
severance payment described in clause (C) above that exceeds the “separation pay
limit,” if any, will be paid to the Executive in a lump sum payment within
thirty (30) days following the date of the Executive’s termination of employment
(or such earlier date following the date of the Executive’s termination of
employment, if any, as may be required under applicable wage payment laws), but
in no event later than the fifteenth (15th) day of the third (3rd) month
following the Executive’s date of termination. The “separation pay limit” will
mean two (2) times the lesser of: (1) the sum of the Executive’s annualized
compensation based upon the annual rate of pay for services provided to the
Company for the calendar year immediately preceding the calendar year in which
the Executive’s date of termination of employment occurs (adjusted for any
increase during that calendar year that was expected to continue indefinitely if
the Executive had not terminated employment); and (2) the maximum dollar amount
of compensation that may be taken into account under a tax-qualified retirement
plan under Code Section 401(a)(17) for the year in which his termination of
employment occurs. The lump-sum payment to be made to the Executive pursuant to
this Section 11(d) is intended to be exempt from Code Section 409A under the
exemption found in Regulation Section 1.409A-1(b)(4) for short-term deferrals.
The remaining portion of the severance payment described in clause (C) above
will be paid in periodic installments over the fifteen (15)-month period
commencing on the first post-termination payroll date following expiration of
the revocation period described above and will be paid in accordance with the
normal payroll practices of the Company. Notwithstanding the foregoing, in no
event will such remaining portion of the severance payment described in clause
(C) above be paid to the Executive later than December 31 of the second calendar
year following the calendar year in which the Executive’s date of termination of
employment occurs. The payments to be made to the Executive pursuant to the
immediately preceding sentence are intended to be exempt from Code Section 409A
under the exemption found in Regulation Section 1.409A-1(b)(9)(iii) for
separation pay plans (i.e., the so-called “two times” pay exemption). For the
sake of clarity, no election by the Company not to renew the Term will trigger
any rights to severance or other benefits.

 

(e)                                  Payment of COBRA Premiums. In the event
that the Company terminates the Executive’s employment for any reason other than
Good Cause or the Executive terminates his employment for Good Reason, then,
provided that the Executive timely elects to receive continued coverage under
the Company’s group medical and dental insurance plans pursuant to the
Consolidated Omnibus Budget Reconciliation Act of 1986, as amended (“COBRA”),
for the period commencing on the date of the Executive’s termination and
continuing until the earlier of the end of the twelve (12)-month period
following his termination date or the first of the month immediately following
the Company’s receipt of notice from the Executive terminating such coverage,
the Executive (and any qualified dependents) will be entitled to coverage under
such plans (as may be amended during the period of coverage) in which the
Executive was participating immediately prior to the date of his termination of
employment (the “COBRA Coverage”). The cost of the premiums for such coverage
will be borne by the Company, except that the Executive will reimburse the
Company for premiums becoming due each month with respect to such coverage in an
amount equal to the difference between the amount of such premiums and the
portion

 

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thereof currently being paid by the Executive. The Executive’s portion of such
premiums will be payable by the first of each month commencing the first month
following the month in which his termination of employment occurs. The period
during which the Executive is being provided with health insurance under this
Agreement at the Company’s expense will be credited against the Executive’s
period of COBRA coverage, if any. Further, if at any time during the period the
Executive is entitled to premium payments under this Section 11(e), the
Executive becomes entitled to receive health insurance from a subsequent
employer, the Company’s obligation to continue premium payments to the Executive
shall terminate immediately.

 

12.                               ADVICE TO PROSPECTIVE EMPLOYERS

 

If the Executive seeks or is offered employment by any other company, firm or
person during his employment or during the post-termination restricted periods,
he will notify the prospective employer of the existence and terms of the
non-competition and confidentiality agreements set forth in Sections 7 and 9 of
this Agreement. The Executive may disclose the language of Sections 7 and 9 but
may not disclose the remainder of this Agreement.

 

13.                               CHANGE IN CONTROL

 

(a)                                 In the event of a Change in Control (as
defined herein) of the Company, (i) all stock options, restricted stock, and all
other equity awards granted to the Executive prior to the Change in Control will
immediately vest in full, (ii) if, within ninety (90) days prior to a Change in
Control, the Company terminates the employment of the Executive for reasons
other than for Good Cause, death or Continued Disability, or the Executive
terminates employment for Good Reason, then, the Company will (x) pay the
Executive the sum of (A) accrued but unpaid salary through the termination date
(paid in accordance with the normal practices of the Company), (B) expenses
incurred by the Executive prior to his termination date for which the Executive
is entitled to reimbursement under (and paid in accordance with) Section 4
herein, and (C) provided that the Executive is not in default of his obligations
under Section 7, 8, or 9 herein, an amount equal to twelve (12) months’ base
salary ((A) through (C), being hereinafter referred to, collectively, as the
“Change in Control Separation Benefits”) and (y) provide the COBRA Coverage, and
all other stock options, restricted stock, and other equity awards granted to
the Executive will immediately vest in full as of the date of termination and
will remain exercisable until the earlier of the end of the applicable option
period or one hundred and eighty (180) days from the date of the Executive’s
termination of employment, and (iii) if, within twelve (12) months following a
Change in Control, the Company terminates the employment of the Executive for
reasons other than for Good Cause, death or Continued Disability or the
Executive terminates employment for Good Reason, then (a) the Company will
provide the Change in Control Separation Benefits and the COBRA Coverage, and
(b) all stock options, restricted stock, and other equity awards granted to the
Executive will immediately vest in full as of the date of termination and will
remain exercisable until the earlier of the end of the applicable option period
or one hundred and eighty (180) days from the date of the Executive’s
termination of employment. In the event the Executive seeks to terminate his
employment for Good Reason, such termination will not be treated for purposes of
this Section 13 as a termination for Good Reason unless the Executive provides
the Company with notice of the existence of the condition claimed to constitute
Good Reason within ninety (90) days of the initial existence of such condition
and the Company fails to remedy such condition within thirty (30) days following
the Company’s receipt of such notice.

 

(b)                                 For purposes of this Agreement, “Change in
Control” means any of the following events:

 

(i)                                     A change in control of the direction and
administration of the Company’s business

 

9

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of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A promulgated under the Exchange Act, as in effect
on the date hereof and any successor provision of the regulations under the
Exchange Act, whether or not the Company is then subject to such reporting
requirements; or

 

(ii)                                           Any “person” (as such term is
used in Section 13(d) and Section 14(d)(2) of the Exchange Act but excluding any
employee benefit plan of the Company) is or becomes the “beneficial owner” (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of the Company representing more than one half (1/2) of the combined
voting power of the Company’s outstanding securities then entitled to vote for
the election of directors; or

 

(iii)                                        The Company sells all or
substantially all of the assets of the Company; or

 

(iv)                                       The consummation of a merger,
reorganization, consolidation or similar business combination that constitutes a
change in control as defined in the Company’s 2013 Third Amended and Restated
Stock Incentive Plan or other successor stock plan or results in the occurrence
of any event described in Sections 13(b) (i), (ii) or (iii) above.

 

(c)                                  Notwithstanding anything to the contrary
contained in this Agreement, in the event any amounts payable hereunder would be
considered to be excess parachute payments for purposes of the amount payable
following the occurrence of a Change of Control that is treated as a “change in
the ownership or effective control” of the Company or “in the ownership of a
substantial portion of the assets” of the Company for purposes of Code Sections
280G and 4999, those payments that are treated for purposes of Code Section 280G
as being contingent on a “change in the ownership or effective control” (as that
phrase is used for purposes of Code Section 280G) of the Company will be
reduced, if and to the extent necessary, so that no payments under this
Agreement are treated as excess parachute payments.

 

14.                               ACKNOWLEDGEMENTS

 

The Company and the Executive each hereby acknowledge and agree as follows:

 

(a)                                 The covenants, restrictions, agreements and
obligations set forth herein are founded upon valuable consideration, and, with
respect to the covenants, restrictions, agreements and obligations set forth in
Sections 7, 8 and 9 hereof, are reasonable in duration, the activities
proscribed, and geographic scope;

 

(b)                                 In the event of a breach or threatened
breach by the Executive of any of the covenants, restrictions, agreements and
obligations set forth in Sections 7, 8 or 9 hereof, monetary damages or the
other remedies at law that may be available to the Company for such breach or
threatened breach will be inadequate and, without prejudice to the Company’s
right to pursue any other remedies at law or in equity available to it for such
breach or threatened breach, including, without limitation, the recovery of
damages from the Executive, the Company will be entitled to injunctive relief
from a court of competent jurisdiction or the arbitrator; and

 

(c)                                  The time period, proscribed activities, and
geographical area set forth in Section 9 hereof are each divisible and
separable, and, in the event that the covenants not to compete contained therein
are judicially held invalid or unenforceable as to such time period, scope of
activities, or geographical area, they will be valid and enforceable to such
extent and in such geographical area(s) and for such time period(s) which the
court determines to be reasonable and enforceable. The Executive agrees that in
the event any court of competent jurisdiction determines that the above
covenants are invalid or

 

10

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unenforceable to join with the Company in requesting that court to construe the
applicable provision by limiting or reducing it so as to be enforceable to the
extent compatible with the then applicable law. Furthermore, any period of
restriction or covenant herein stated will not include any period of violation
or period of time required for litigation to enforce such restriction or
covenant.

 

15.                               NOTICES

 

Any notice or communication required or permitted hereunder will be given in
writing and will be sufficiently given if delivered personally or sent by
telecopy to such party addressed as follows:

 

(a)                                 In the case of the Company, if addressed to
it as follows:

 

Streamline Health Solutions, Inc.

1175 Peachtree Street NE

10th Floor

Atlanta, Georgia 30361

Attn: Board of Directors

 

(b)                                 In the case of the Executive, if addressed
to the Executive at the most recent address on file with the Company.

 

Any such notice delivered personally will be deemed to have been received on the
date of such delivery. Any address for the giving of notice hereunder may be
changed by notice in writing.

 

16.                               ASSIGNMENT, SUCCESSORS AND ASSIGNS

 

This Agreement will inure to the benefit of and be binding upon the parties
hereto and their respective legal representatives, successors and assigns. The
Company may assign or otherwise transfer its rights under this Agreement to any
successor or affiliated business or corporation (whether by sale of stock,
merger, consolidation, sale of assets or otherwise), but this Agreement may not
be assigned, nor may his duties hereunder be delegated, by the Executive. In the
event that the Company assigns or otherwise transfers its rights under this
Agreement to any successor or affiliated business or corporation (whether by
sale of stock, merger, consolidation, sale of assets or otherwise), for all
purposes of this Agreement, the “Company” will then be deemed to include the
successor or affiliated business or corporation to which the Company, assigned
or otherwise transferred its rights hereunder.

 

17.                               MODIFICATION

 

This Agreement may not be released, discharged, abandoned, changed or modified
in any manner, except by an instrument in writing signed by each of the parties
hereto.

 

18.                               SEVERABILITY

 

The invalidity or unenforceability of any particular provision of this Agreement
will not affect any other provisions hereof, and the parties will use their best
efforts to substitute a valid, legal and enforceable provision, which, insofar
as practical, implements the purpose of this Agreement. If the parties are
unable to reach such agreement, then the provisions will be modified as set
forth in Section 14(c) above. Any failure to enforce any provision of this
Agreement will not constitute a waiver thereof or of any other provision hereof.

 

11

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19.                               COUNTERPARTS

 

This Agreement may be signed in counterparts (and delivered via facsimile
transmission or by digitally scanned signature delivered electronically), and
each of such counterparts will constitute an original document and such
counterparts, taken together, will constitute one and the same instrument.

 

20.                               ENTIRE AGREEMENT

 

This constitutes the entire agreement among the parties with respect to the
subject matter of this Agreement and supersedes all prior and contemporaneous
agreements, understandings, and negotiations, whether written or oral, with
respect to such subject matter. By execution of this Agreement, the parties
agree and acknowledge that the Employment Agreement, dated July 28, 2019, by and
between the Company and the Executive, is superseded and replaced by this
Agreement and shall be of no further force or effect whatsoever.

 

21.                               DISPUTE RESOLUTION

 

Except as set forth in Section 14 above, any and all disputes arising out of or
in connection with the execution, interpretation, performance or non-performance
of this Agreement or any agreement or other instrument between, involving or
affecting the parties (including the validity, scope and enforceability of this
arbitration clause), will be submitted to and resolved by arbitration. The
arbitration will be conducted pursuant to the terms of the Federal Arbitration
Act and the Employment Arbitration Rules and Mediation Procedures of the
American Arbitration Association. Either party may notify the other party at any
time of the existence of a controversy potentially requiring arbitration by
certified mail, and the parties will attempt in good faith to resolve their
differences within fifteen (15) days after the receipt of such notice. If the
dispute cannot be resolved within the fifteen-day period, either party may file
a written demand for arbitration with the American Arbitration Association. The
place of arbitration will be Atlanta, Georgia.

 

/s/ WTG

 

/s/ TG

Initial by the Executive

 

Initialed by the Company

 

22.                               GOVERNING LAW; FORUM SELECTION

 

The provisions of this Agreement will be governed by and interpreted in
accordance with the internal laws of the State of Georgia and the laws of the
United States applicable therein. The Executive acknowledges and agrees that the
Executive is subject to personal jurisdiction in state and federal courts in
Fulton County, Georgia, and waives any objection thereto.

 

23.                               CODE SECTION 409A

 

Notwithstanding any other provision in this Agreement to the contrary, if and to
the extent that Code Section 409A is deemed to apply to any benefit under this
Agreement, it is the general intention of the Company that such benefits will,
to the extent practicable, comply with, or be exempt from, Code Section 409A,
and this Agreement will, to the extent practicable, be construed in accordance
therewith. Deferrals of benefits distributable pursuant to this Agreement that
are otherwise exempt from Code Section 409A in a manner that would cause Code
Section 409A to apply will not be permitted unless such deferrals follow Code
Section 409A. In the event that the Company (or a successor thereto) has any
stock which is

 

12

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publicly traded on an established securities market or otherwise and Executive
is determined to be a “specified employee” (as defined under Code Section 409A),
any payment that is deemed to be deferred compensation under Code Section 409A
to be made to the Executive upon a separation from service may not be made
before the date that is six (6) months after the Executive’s separation from
service (or death, if earlier). To the extent that the Executive becomes subject
to the six (6)-month delay rule, all payments that would have been made to the
Executive during the six (6) months following his separation from service that
are not otherwise exempt from Code Section 409A, if any, will be accumulated and
paid to the Executive during the seventh (7th) month following his separation
from service, and any remaining payments due will be made in their ordinary
course as described in this Agreement. For the purposes herein, the phrase
“termination of employment” or similar phrases will be interpreted in accordance
with the term “separation from service” as defined under Code Section 409A if
and to the extent required under Code Section 409A. Further, (i) in the event
that Code Section 409A requires that any special terms, provisions or conditions
be included in this Agreement, then such terms, provisions and conditions will,
to the extent practicable, be deemed to be made a part of this Agreement, and
(ii) terms used in this Agreement will be construed in accordance with Code
Section 409A if and to the extent required. Further, in the event that this
Agreement or any benefit thereunder will be deemed not to comply with Code
Section 409A, then neither the Company, the Board, the Committee nor its or
their designees or agents will be liable to any participant or other person for
actions, decisions or determinations made in good faith.

 

24.                               WITHHOLDING.

 

The Company may withhold from any amounts payable under this Agreement such
federal, state, local or foreign taxes as will be required to be withheld
pursuant to any applicable law or regulation.

 

[Signature page follows.]

 

13

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IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by a
duly authorized officer and the Executive has hereunto set his hand as of the
day and year first above written.

 

 

COMPANY:

 

 

 

By:

/s/ Thomas Gibson

 

 

 

 

Its:

Chief Financial Officer

 

 

 

 

Date:

October 17, 2019

 

 

 

 

 

 

 

EXECUTIVE:

 

 

 

By:

/s/ Wyche T. Green, III

 

 

 

 

Date:

October 17, 2019

 

[Signature Page to STRM —Employment Agreement — Wyche T. “Tee” Green III]

 

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EXHIBIT A

 

EMPLOYMENT AGREEMENT DATED AS OF OCTOBER 17, 2019

 

BETWEEN STREAMLINE HEALTH SOLUTIONS, INC.

 

AND WYCHE T. “TEE” GREEN, III — COMPENSATION AND BENEFIT

 

1.                                      Start Date. The Executive’s start date
will be October 8th, 2019.

 

2.                                      Base Salary. Base Salary will be paid at
an annualized rate of $480,000, which will be subject to annual review and
adjustment by the Committee or the Board but will not be reduced below $480,000.
Such amounts will be payable to the Executive in accordance with the normal
payroll practices of the Company.

 

3.                                      Cash Bonus. Cash Bonus will be paid in
the amount of $50,000. Such amount will be payable to the Executive in
accordance with the normal payroll practices of the Company. Any amounts
unearned under that certain Employment Agreement by and between the Company and
the Executive dated as of July 28, 2019 will be deemed earned with the execution
of this Agreement (which is estimated to be approximately $25,000 as of the date
of this Agreement).

 

4.                                      Annual Bonus. Target annual bonus goals
will be set by the Committee annually, with the first year of the Executive’s
eligibility being fiscal year 2020 (beginning February 1, 2020). Target annual
bonus in respect of each year during the Term will be at least fifty percent
(50%) of the Executive’s then-current annual base salary. The annual bonus will
be paid pursuant to such conditions as are established by the Committee and, to
the extent payable under a bonus plan, subject to such terms and conditions as
may be set out in such plan. The annual bonus will, if payable, be paid in cash
no later than March 15th of the fiscal year following the fiscal year during
which the Executive’s right to the annual bonus vests.

 

5.                                      Benefits. The Executive will be eligible
to participate in the Company’s benefit plans on the same terms and conditions
as provided for other Company executives, subject to all terms and conditions of
such plans as they may be amended from time to time, and will accrue based upon
the Company’s Employee Handbook, as may be updated from time to time.

 

6.                                      Grant of Restricted Stock. The Executive
will receive the following grants of equity incentives:

 

(a)                     A grant of 50,000 shares of restricted stock upon the
date of this Agreement. The vesting of such shares of restricted stock shall be
immediate. Such grant will be made pursuant to and otherwise subject to the
terms and conditions of the Company’s Third Amended and Restated 2013 Stock
Incentive Plan and the related restricted stock grant agreement.

 

(b)                     An additional grant of 100,000 shares of restricted
stock upon the date of this Agreement. The vesting of such shares of restricted
stock will be quarterly over the first year of your employment. Such grant will
be made pursuant to and otherwise subject to the terms and conditions of the
Company’s Third Amended and Restated 2013 Stock Incentive Plan and the related
restricted stock grant agreement.

 

(c)                      An additional grant of 100,000 shares of restricted
stock upon the date of this Agreement. The vesting of such shares of restricted
stock will be based on the trailing

 

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twelve (12)-month revenue growth (as a percentage) of the Company (exclusive of
the Company’s Content Management, Financial Management and Budgeting Tool, and
Clinical Analytics business segments) as of the quarter ended July 31, 2020 as
follows:

 

Revenue Growth (as a %)

 

Vested Shares of Restricted Stock (as
at July 30, 2020)

 

20%

 

50,000

 

25%

 

75,000

 

30%

 

100,000

 

 

Such grant will be made pursuant to and otherwise subject to the terms and
conditions of the Company’s Third Amended and Restated 2013 Stock Incentive Plan
and the related restricted stock grant agreement.

 

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EXHIBIT B

 

Form of Release

 

RELEASE AGREEMENT (this “Release Agreement”), dated as of [•], 20[•], between
Streamline Health Solutions, Inc., a Delaware corporation with its headquarters
in Atlanta, Georgia (the “Company”), and any of its respective successors, and
Wyche T. “Tee” Green, III, a resident of the State of Georgia (the “Executive”).

 

1.                                      Release.

 

(a)                                 In consideration of the payments set forth
in Section 5(c) of the Employment Agreement, as applicable, between the Company
and the Executive dated as of October 17, 2019 (the “Employment Agreement”), the
Executive, on behalf of himself and his heirs, executors, successors and
assigns, knowingly and voluntarily releases, remises, and forever discharges the
Company and its direct or indirect parents, subsidiaries and affiliates,
together with each of their current and former principals, officers, directors,
direct or indirect equityholders, general and limited partners, agents,
representatives and employees, and each of their heirs, executors, successors
and assigns (collectively, the “Releasees”), from any and all debts, demands,
actions, causes of actions, accounts, covenants, contracts, agreements, claims,
damages, omissions, promises, and any and all claims and liabilities whatsoever,
of every name and nature, known or unknown, suspected or unsuspected, both in
law and equity (“Claims”), which the Executive ever had, now has, or may
hereafter claim to have against the Releasees by reason of any matter, cause or
thing whatsoever arising from the beginning of time to the time he signs this
Release Agreement (the “General Release”). This General Release of Claims shall
apply to any Claim of any type, including, without limitation, any and all
Claims of any type that Executive may have arising under the common law, under
Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age
Discrimination in Employment Act of 1967, the Older Workers Benefit Protection
Act, the Americans With Disabilities Act of 1967, the Family and Medical Leave
Act of 1993, the Employee Retirement Income Security Act of 1974, the
Sarbanes-Oxley Act of 2002, each as amended, and any other federal, state or
local statutes, regulations, ordinances or common law, or under any policy,
agreement, contract, understanding or promise, written or oral, formal or
informal, between any of the Releasees and Executive, including but not limited
to the Employment Agreement, and the Company’s equity and cash incentive
plan(s) and shall further apply, without limitation, to any and all Claims in
connection with, related to or arising out of the Executive’s employment
relationship, or the termination of his employment, with the Company.

 

(b)                                 Except as provided in Section 11 of the
Employment Agreement, as applicable, the Executive acknowledges and agrees that
the Company has fully satisfied any and all obligations owed to his arising out
of his employment with the Company, and no further sums are owed to him by the
Company or by any of the other Releasees at any time.

 

2.                                      Consultation with Attorney; Voluntary
Agreement. The Company advises the Executive to consult with an attorney of his
choosing prior to signing this Release Agreement. The Executive understands and
agrees that he has the right and has been given the opportunity to review this
Release Agreement and, specifically, the General Release in Paragraph 1 above,
with an attorney. The Executive also understands and agrees that he is under no
obligation to consent to the General Release set forth in Paragraph 1 above. The
Executive acknowledges and agrees that the payments set forth in Section 11 of
the Employment Agreement, as applicable, are sufficient consideration to require
him to abide with his obligations under this Release Agreement, including but
not limited to the General Release set forth in Paragraph 1. The Executive
represents that he has read this Release Agreement, including the General
Release set forth in Paragraph 1 and understands its terms and that he enters
into this Release Agreement freely, voluntarily, and without coercion.
Notwithstanding the foregoing, nothing contained herein shall

 

--------------------------------------------------------------------------------

 

prevent the Executive from filing an administrative charge of discrimination
with the EEOC or state or local fair employment practices agency. No federal,
state or local government agency is a party to this Agreement and none of the
provisions of this Agreement restrict or in any way affect a government agency’s
authority to investigate or seek relief in connection with any of the claims
released. Moreover, nothing in this Release Agreement or in any other agreement
is intended to or will be used in any way to limit employee’s rights to
communicate with a government agency, as provided for, protected under or
warranted by applicable law. However, if a government agency were to pursue any
matters falling within the released claims, which it is free to do, the parties
agree that this Agreement shall control as the exclusive remedy and full
settlement of all claims between the parties. The Executive agrees that the
Executive shall not seek, accept, or be entitled to any monetary relief, whether
individually or as a member of a class or group, arising from an EEOC charge
filed by the Executive or on the Executive’s behalf.

 

3.                                      No Admission of Liability. Nothing in
this Agreement is intended to or will be construed as an admission by the
Company that it or any of its officer’s directors or employees, violated any
law, interfered with any right, breached any obligation, or otherwise engaged in
any improper or illegal conduct, the Released Parties expressly denying any such
conduct.

 

4.                                      Effective Date; Revocation. The
Executive acknowledges and represents that he has been given twenty-one (21)
days during which to review and consider the provisions of this Release
Agreement and, specifically, the General Release set forth in Paragraph 1 above,
although he may sign and return it sooner if he so desires. The Executive
further acknowledges and represents that he has been advised by the Company that
he has the right to revoke this Release Agreement for a period of seven (7) days
after signing it. The Executive acknowledges and agrees that, if he wishes to
revoke this Release Agreement, he must do so in a writing, signed by him and
received by the Company no later than 5:00 p.m. Eastern Time on the seventh
(7th) day of the revocation period. If no such revocation occurs, the General
Release and this Release Agreement shall become effective on the eighth (8th)
day following his execution of this Release Agreement. The Executive further
acknowledges and agrees that, in the event that he revokes this Release
Agreement, it shall have no force or effect, and he shall have no right to
receive any payment pursuant to Section 11 of the Employment Agreement, as
applicable.

 

5.                                      Time for Execution. The Executive shall
execute this Release Agreement not later than twenty-one (21) days from the date
it is provided to him

 

6.                                      Severability. In the event that any one
or more of the provisions of this Release Agreement shall be held to be invalid,
illegal or unenforceable, the validity, legality and enforceability of the
remainder of the Release Agreement shall not in any way be affected or impaired
thereby.

 

7.                                      Waiver. No waiver by either party of any
breach by the other party of any condition or provision of this Release
Agreement to be performed by such other party shall be deemed a waiver of any
other provision or condition at the time or at any prior or subsequent time.
This Release Agreement and the provisions contained in it shall not be construed
or interpreted for or against either party because that party drafted or caused
that party’s legal representative to draft any of its provisions.

 

8.                                      Governing Law. This Release Agreement
shall be governed by and construed and enforced in accordance with the laws of
the State of Georgia, without reference to its choice of law rules.

 

9.                                      Entire Agreement. This Release Agreement
constitutes the entire agreement and understanding of the parties with respect
to the release of claims provided for herein and supersedes all prior
agreements, arrangements and understandings, written or oral, between the
parties with respect to such release of claims. The Executive acknowledges and
agrees that he is not relying on any representations or promises by any
representative of the Company concerning the meaning of any aspect of this
Release

 

--------------------------------------------------------------------------------

 

Agreement. This Release Agreement may not be altered or modified other than in a
writing signed by the Executive and an authorized representative of the Company.

 

10.                               Headings. All descriptive headings in this
Release Agreement are inserted for convenience only and shall be disregarded in
construing or applying any provision of this Release Agreement.

 

11.                               Counterparts. This Release Agreement may be
executed in counterparts, each of which shall be deemed an original but all of
which together shall constitute one and the same instrument.

 

[Signature page follows.]

 

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IN WITNESS WHEREOF, the Company and the Executive have executed this Release
Agreement, on the date and year set forth below.

 

 

COMPANY:

 

 

 

By:

 

 

 

 

 

Its:

 

 

 

 

 

Date:

 

 

 

 

 

 

EXECUTIVE:

 

 

 

By:

 

 

 

 

 

Date:

 

 

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