Separation
Agreement shall be construed as if drafted jointly by each of the parties hereto
and no presumptions or burdens of proof shall arise favoring any party by virtue
of the authorship of any of the provisions of this Agreement.
23. Effective Date. This Separation Agreement shall become effective upon
execution by both parties of the Separation Agreement.
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THE UNDERSIGNED EXECUTIVE HEREBY ACKNOWLEDGES AND AFFIRMS THAT HE HAS CAREFULLY
READ THE FOREGOING "SEPARATION AGREEMENT AND RELEASE," THAT HE IS AWARE THAT HE
HAS THE RIGHT TO REVIEW THIS SEPARATION AGREEMENT AND RELEASE FOR A PERIOD OF UP
TO TWENTY-ONE (21) DAYS BEFORE EXECUTING IT, THAT HE HAS HAD THE OPPORTUNITY TO
REVIEW THE SAME WITH AN ATTORNEY OF HIS OWN CHOOSING, AND THAT HE KNOWS AND
UNDERSTANDS THE CONTENTS OF THE FOREGOING "SEPARATION AGREEMENT AND RELEASE" AND
THAT HE IS EXECUTING THE SAME AS HIS OWN FREE ACT AND DEED.
[Remainder of this page intentionally left blank; signatures to follow]
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IN WITNESS WHEREOF, the Executive and the Company, each individually or by a
duly authorized officer or representative, after consultation with counsel of
their own choosing, have executed this Separation Agreement as of the Effective
Date.
EXECUTIVE:
/S/Douglas Schaedler
Doug Schaedler Date:
August 23, 2010 INNOVARO, INC. By:
/S/Charles Pope
Its:
Chairman Date:
August 23, 2010
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