Document:

Confidential Information and Invention Assignment Agreement - Tim Collins

 Exhibit 10.4 
 DIAMETRICS MEDICAL, INC. 
 CONFIDENTIAL INFORMATION AND 
 INVENTION ASSIGNMENT AGREEMENT 
 September 20, 2006 
 As a condition of my employment with Diametrics Medical, Inc., a Minnesota corporation, its
subsidiaries, affiliates, successors or assigns (collectively, the “Company”), and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by Company, I, Tim Collins, agree
to the terms of this Confidential Information and Invention Assignment Agreement (this “Agreement”) as of the date first written above. 
 1. Confidential Information. 
 (a) Company Information. I agree at all times during the term of
my employment and thereafter, to hold in strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm or corporation without written authorization of the Board of Directors of the Company, any
Confidential Information of the Company. I understand that “Confidential Information” means any Company proprietary information, technical data, trade secrets or know-how, including, but not limited to, research, product plans,
products, services, customer lists and customers (including, but not limited to, customers of the Company on whom I called or with whom I became acquainted during the term of my employment), markets, software, developments, inventions, processes,
formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances or other business information disclosed to me by the Company either directly or indirectly in writing, orally or by drawings or observation
of parts or equipment. I further understand that Confidential Information does not include any of the foregoing items that has become publicly known and made generally available through no wrongful act of mine or of others who were under
confidentiality obligations as to the item or items involved. 
 (b) Former Employer Information. I agree that I will not, during my
employment with the Company, improperly use or disclose any proprietary information or trade secrets of any former or concurrent employer or other person or entity and that I will not bring onto the premises of the Company any unpublished document
or proprietary information belonging to any such employer, person or entity unless consented to in writing by such employer, person or entity. 
 (c) Third Party Information. I recognize that the Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the
confidentiality of such information and to use it only for certain limited purposes. I agree to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm, corporation or entity or to
use it except as necessary in carrying out my work for the Company consistent with the Company’s agreement with such third party. 

 2. Inventions. 
 (a) Inventions Retained and Licensed. I have attached hereto, as Exhibit A, a list describing all inventions, original works of authorship, developments, improvements, and trade secrets that were
made by me prior to my employment with the Company (collectively referred to as “Prior Inventions”), that belong to me, that relate to the Company’s proposed business, products or research and development, and that are not
assigned to the Company hereunder; or, if no such list is attached, I represent that there are no such Prior Inventions. If in the course of my employment with the Company, I incorporate into a Company product, process or machine a Prior Invention
owned by me or in which I have an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, use and sell such Prior Invention as part of or in
connection with such product, process or machine. 
 (b) Assignment of Inventions. I agree that I will promptly make full written
disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all my right, title, and interest in and to (i) any and all inventions, original works of
authorship, developments, concepts, improvements or trade secrets, whether or not patentable or registrable under patent, copyright or similar laws, that I may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or
developed or reduced to practice, during the period of time I am in the employ of the Company (collectively referred to as “Inventions”), except as provided in Section 2(e) below. I further acknowledge that all original works
of authorship that are made by me (solely or jointly with others) within the scope of and during the period of my employment with the Company and which are protectible by copyright are “works made for hire,” as that term is defined in the
United States Copyright Act. 
 (c) Maintenance of Records. I agree to keep and maintain adequate and current written records of all
Inventions made by me (solely or jointly with others) during the term of my employment with the Company. The records will be in the form of notes, sketches, drawings, and any other format that may be specified by the Company. The records will be
available to and remain the sole property of the Company at all times. 
 (d) Patent and Copyright Registrations. I agree to assist
the Company, or its designee, at the Company’s expense, in every proper way to secure the Company’s rights in the Inventions and any copyrights, patents, mask work rights or other intellectual property rights relating thereto in any and
all countries, including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and all other instruments that the Company shall deem necessary
in order to apply for and obtain such rights and in order to assign and convey to the Company, its successors, assigns and nominees the sole and exclusive rights, title and interest in and to such Inventions, and any copyrights, patents, mask work
rights or other intellectual property rights relating thereto. I further agree that my obligation to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall continue after the termination of this
Agreement. If the Company is unable because of my mental or physical incapacity or for any other reason to secure my signature to apply for or to pursue any application for any United 
  

 -2- 

 States or foreign patents or copyright registrations covering Inventions or original works of authorship assigned to the
Company as above, then I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all
other lawfully permitted acts to further the prosecution and issuance of letters patent or copyright registrations thereon with the same legal force and effect as if executed by me. 
 (e) Exception to Assignments. I understand that the provisions of this Agreement requiring assignment of Inventions to the Company do not apply to
any invention that qualifies fully under the provisions of California Labor Code Section 2870. I will advise the Company promptly in writing of any inventions that I believe meet the criteria in California Labor Code Section 2870 and not
otherwise disclosed on Exhibit A. 
 3. Assignment of Lake Charles Project Assets. I hereby assign to the Company, or its
designee, all my right, title, and interest in and to Southern Intracoastal Biofuels, L.L.C. (the “Lake Charles Company”). Upon the reasonable request of the Company I will on and after the date hereof execute and deliver to the
Company such other documents, releases, assignments and other instruments as may be reasonably required to effectuate completely the transfer and assignment to the Company of, and to vest fully in the Company my ownership of the Lake Charles
Company, and to otherwise carry out the purposes of this Section 3. I agree that such further documents may contain such representations and warranties as are reasonably requested by the Company concerning the Lake Charles Company and my
ownership interest therein. 
 4. Returning Company Documents. I agree that, at the time of leaving the employ of the Company, I will
deliver to the Company (and will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings blueprints, sketches, materials,
equipment, other documents or property, or reproductions of any aforementioned items developed by me pursuant to my employment with the Company or otherwise belonging to the Company. In the event of the termination of my employment, I agree to sign
and deliver the “Termination Certification” attached as Exhibit B. 
 5. Arbitration and Equitable Relief.

 (a) Arbitration. Any dispute or controversy arising under or in connection with this Agreement or otherwise in connection with
the Executive’s employment by the Company that cannot be mutually resolved by the parties to this Agreement and their respective advisors and representatives shall be settled exclusively by arbitration in Los Angeles, California in accordance
with the rules of the American Arbitration Association before one arbitrator of exemplary qualifications and stature, who shall be selected jointly by an individual to be designated by the Company and an individual to be selected by Executive,
or if such two individuals cannot agree on the selection of the arbitrator, who shall be selected by the American Arbitration Association. The Company will pay the direct costs and expenses of any such arbitration, including the fees and costs of
the arbitrator; provided, however, that the arbitrator may, at his or her election, award attorneys’ fees to the prevailing party, if permitted by applicable law. 
  

 -3- 

 (b) Equitable Remedies. I agree that it would be impossible or inadequate to measure and calculate
the Company’s damages from any breach of the covenants set forth in Sections 1, 2 and 3 herein. Accordingly, I agree that if I breach any of such Sections, the Company shall have available, in addition to any other right or remedy
available, the right to obtain an injunction from a court of competent jurisdiction restraining such breach or threatened breach and to specific performance of any such provision of this Agreement. I further agree that no bond or other security
shall be required in obtaining such equitable relief and I hereby consent to the issuance of such injunction and to the ordering of specific performance. 
 6. General Provisions. 
 (a) Governing Law. This Agreement shall be governed by the laws of the
State of California, without reference to choice of laws or conflict of laws principles. 
 (b) Entire Agreement. This Agreement sets
forth the entire agreement and understanding between the Company and me relating to the subject matter herein and merges all prior discussions between us. No modification of or amendment to this Agreement, nor any waiver of any rights under this
agreement, shall be effective unless in writing signed by the party to be charged. Any subsequent change or changes in my duties, salary or compensation shall not affect the validity or scope of this Agreement. 
 (c) Severability. If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions shall continue in full
force and effect. 
 (d) Successors and Assigns. This Agreement shall be binding upon my heirs, executors, administrators and other
legal representatives and shall be for the benefit of the Company, its successors, and its assigns. 
 (e) Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 (f) Facsimile Signatures. Any signature page delivered pursuant to this Agreement or any related document via facsimile shall be binding to the same extent as an original signature. Any party who delivers such
a signature page agrees to later deliver an original counterpart to any party that requests it. 
 [SIGNATURE
PAGE FOLLOWS] 
  

 -4- 

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

  

			
	DIAMETRICS MEDICAL, INC.
		
	By:	 	 /s/ Heng Chuk

	Name:	 	Heng Chuk
	Title:	 	Chief Financial Officer
	
	 /s/ Tim Collins

	TIM COLLINS

  

 -5- 

 EXHIBIT A 
 LIST OF PRIOR INVENTIONS 
 AND ORIGINAL WORKS OF AUTHORSHIP 
  

					
	 Title
	  	 Date
	  	 Identifying Number
 or Brief Description

	 None.
	  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	
		  		  	

          No inventions or
improvements 
          Additional Sheets Attached 
 Signature of Employee:
                                        
             
 Date:
                    , 2006 
  

 A-1 

 EXHIBIT B 
 DIAMETRICS MEDICAL, INC. 
 TERMINATION CERTIFICATION 
 This is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals, lists,
correspondence, specifications, drawings, blueprints, sketches, materials, equipment, other documents or property, or reproductions of any aforementioned items belonging to Diametrics Medical, Inc., its subsidiaries, affiliates, successors or
assigns (collectively, the “Company”). 
 I further certify that I have complied with all the terms of the Company’s
Confidential Information and Invention Assignment Agreement signed by me, including the reporting of any inventions and original works of authorship (as defined therein), conceived or made by me (solely or jointly with others) covered by that
agreement. 
 I further agree that, in compliance with the Confidential Information and Invention Assignment Agreement, I will preserve as
confidential all trade secrets, confidential knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas, developmental or experimental work, computer programs, data bases, other original works of
authorship, customer lists, business plans, financial information or other subject matter pertaining to any business of the Company or any of its employees, clients, consultants or licensees. 
 Date:                      
  

	
	  

	Tim Collins

  

 B-1Member Cross Receipt and Release

 Exhibit 10.5 
 CROSS-RECEIPT AND RELEASE 
 September 20, 2006 
 This Cross-Receipt and Release (this “Release”) is being executed and delivered pursuant to that certain Contribution Agreement, dated
as of September 20, 2006 (the “Contribution Agreement”), by the Members of Vanguard Synfuels, L.L.C., a Louisiana limited liability company (each individually, a “Member” and collectively, the
“Members”). Capitalized terms used in this Release without definition have the respective meanings given to them in the Contribution Agreement. 
 Each Member, other than Darrell Dubroc and Timothy Collins, acknowledges receipt from Diametrics Medical, Inc., a Minnesota corporation (the “Public Company”), of the amount set forth next to his, her
or its name on Schedule 2.2(a) of the Contribution Agreement in immediately available funds. 
 Darrell Dubroc and Timothy Collins each
acknowledge receipt from Public Company of certificates for the Shares set forth next to his name on Schedule 2.2(b) of the Contribution Agreement. 
 Each Member also acknowledges that execution and delivery of this Release is a condition to the Public Company’s obligation to consummate the transactions contemplated by the Contribution Agreement and that the Public Company is
relying on this Release in consummating such transactions. 
 Each Member, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, and intending to be legally bound, in order to induce the Public Company to consummate the transactions contemplated by the Contribution Agreement, hereby agrees as follows: 
 Each Member, on behalf of himself, herself or itself, and each of his, her or its respective Affiliates and related parties, hereby releases and forever
discharges the Public Company, Vanguard Synfuels, L.L.C., a Louisiana limited liability company (the “Company”), Vanguard Biofuels, Inc., a Louisiana corporation (the “Subsidiary”), and each of their respective
individual, joint or mutual, past, present and future Affiliates, equity holders, controlling persons, and subsidiaries, and each of their respective equity holders, members, partners, owners, directors, officers, employees, agents, representatives
and legal counsel and each of their respective successors and assigns (individually, a “Releasee” and collectively, “Releasees”) from any and all claims, demands, proceedings, causes of action, orders, obligations,
contracts, agreements, debts and liabilities whatsoever, whether known or unknown, suspected or unsuspected, both at law and in equity, which the Member or any of his, her or its Affiliates or related parties now has, have ever had or may hereafter
have against the respective Releasees arising contemporaneously with or prior to the Closing Date or on account of or arising out of any matter, cause or event occurring contemporaneously with or prior to the Closing Date, including, but not limited
to, any rights to indemnification or reimbursement from the Company or the Subsidiary, as an employee, officer, director, equity holder, member or otherwise, whether pursuant to its charter, bylaws, operating agreement, contract, applicable law or
otherwise and whether or not relating to claims pending on, or asserted after, the Closing Date; provided, however, 

 that nothing contained herein shall operate to release (i) any obligation of the Public Company to a Member arising
after the Closing Date under the Contribution Agreement or any of such Member’s Related Agreements, including, with respect to a Member, any written employment agreement between the Public Company and such Member or (ii) the Promissory
Note for $250,000 dated April 21, 2006, by the Company in favor of Darrell Dubroc, the Promissory Note for $260,000 dated October 14, 2005, by the Company in favor of Darrell Dubroc, the Promissory Note for $150,000 dated July 31,
2003, by the Company in favor of William Wieger and the Promissory Note for $100,000 dated July 31, 2003, by the Company in favor of Tony Lavespere, if such notes are outstanding on the date hereof; and provided, further, that,
for the avoidance of doubt, nothing contained herein shall operate to release any obligation of a Member under Section 4.6.2. of the Operating Agreement of the Company dated June 26, 2003, as amended by Amendment #1 thereto dated
December 2, 2003, and Amendment #2 thereto dated September 13, 2006. 
 Each Member hereby irrevocably covenants to refrain from,
directly or indirectly, asserting any claim or demand, or commencing, instituting or causing to be commenced, any proceeding of any kind against any Releasee, based upon any matter purported to be released hereby. 
 Without in any way limiting any of the rights and remedies otherwise available to any Releasee, each Member shall indemnify and hold harmless each
Releasee from and against all Losses arising directly or indirectly from or in connection with (i) the assertion by or on behalf of such Member or any of his, her or its Affiliates or related parties of any claim or other matter purported to be
released pursuant to this Release, and (ii) the assertion by any Person of any claim or demand against any Releasee which claim or demand arises directly or indirectly from, or in connection with, any assertion by or on behalf of such Member or
his, her or its Affiliates or related parties against such Person of any claims or other matters purported to be released pursuant to this Release. 
 If any provision of this Release is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Release will remain in full force and effect. Any provision of this Release held invalid or unenforceable
only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable. 
 Each Member acknowledges that
he, she or it has been advised that this release is a general release and that it extends to claims which he, she or it may not know or suspect to exist in his, her or it favor at the time of executing the release, which if known by him, her or it
may have materially affected his, her or its settlement with the debtor. Each Member hereby expressly waives any right he, she or it may have under any law, statute, regulation or common law principle that prohibits or limits the effectiveness of
such a general release. 
 This Release may not be changed except in a writing signed by the Public Company and each of the Members.

 This Release shall be governed by and construed under the laws of the State of New York. 
 All words used in this Release will be construed to be of such gender or number as the circumstances require. 
  

 2 

 This Release may be executed in any number of counterparts and any party hereto may execute any such
counterpart, each of which when executed and delivered shall be deemed to be an original and all of which counterparts taken together shall constitute but one and the same instrument. 
 Any signature page delivered pursuant to this Release hereto via facsimile shall be binding to the same extent as an original signature. Any party who
delivers such a signature page agrees to later deliver an original counterpart to any party that requests it. 
 [SIGNATURE
PAGE FOLLOWS] 
  

 3 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Release to the Public Company as of
the first date set forth above. 
  

			
	 /s/ Joe Burns

	JOE BURNS
	
	 /s/ John Russo

	JOHN RUSSO
	
	 /s/ Jimmy Carter

	JIMMY CARTER
	
	 /s/ Benny Cloud

	BENNY CLOUD
	
	 /s/ Dillard Cloud, Jr.

	DILLARD CLOUD, JR.
	
	 /s/ Tim Collins

	TIM COLLINS
	
	CGC ASSOCIATES, LLC
		
	By:	 	 /s/ Tim Collins

	Name:	 	Tim Collins
	Title:	 	Authorized Signatory
	
	 /s/ Cecil Crawford

	CECIL CRAWFORD
	
	 /s/ Glenn Davis

	GLENN DAVIS

 Signature Page 1 to Cross-Receipt & Release 

			
	 /s/ Darrell Dubroc

	DARRELL DUBROC
	
	 /s/ Thomas Frazier

	THOMAS FRAZIER
	
	 /s/ Michael Hawkins

	MICHAEL HAWKINS
	
	BIOINVEST, LLC
		
	By:	 	 /s/ Stanley King

	Name:	 	Stanley King
	Title:	 	Authorized Signatory
	
	 /s/ Antwine J. Lavespere

	ANTWINE J. LAVESPERE
	
	 /s/ Carl R. Martin

	CARL R. MARTIN
	
	 /s/ Kerry McManus

	KERRY MCMANUS
	
	 /s/ Jeff Peterson

	JEFF PETERSON
	
	 TIMBER HARVESTING EXPERTS
 LOGGING
CO., LLC

		
	By:	 	 /s/ Derald Phillips

	Name:	 	Derald Phillips
	Title:	 	Authorized Signatory

 Signature Page 2 to Cross-Receipt & Release 

	
	 /s/ Stephen Shelton
  

	STEPHEN SHELTON
	
	 /s/ Travis Taylor

	TRAVIS TAYLOR
	
	 /s/ Benjamin Templin

	BENJAMIN TEMPLIN
	
	 /s/ Steve Templin

	STEVE TEMPLIN
	
	 /s/ Clyde Todd

	CLYDE TODD
	
	 /s/ Audrey D. Tyler

	AUDREY D. TYLER
	
	 /s/ William Wieger

	WILLIAM WIEGER
	
	 /s/ Greg Williams

	GREG WILLIAMS

 Signature Page 3 to Cross-Receipt & Release 

 ACKNOWLEDGED AND AGREED: 
  

			
	DIAMETRICS MEDICAL, INC.
		
	By:	 	 /s/ Heng Chuk

	Name:	 	Heng Chuk
	Title:	 	Chief Financial Officer

 Signature Page 4 to Cross-Receipt & Release

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]