Document:

Exhibit 10.56

Exhibit 10.56

CONSULTING AGREEMENT

WITH

CAPITAL CAMPAIGNS, INC.

This Consulting Agreement is made and entered into as of the 6th day of February, 2009, by and
between Capital Campaigns, Inc. (the “Consultant”), with a business address located at Suite 109,
6990 Falls Reach Drive, Falls Church, Virginia 22043 and Torvec, Inc., (the “Company”), with a
business address located at 1999 Mount Read Blvd., Building 3, Rochester, New York 14615.

WHEREAS, the Company has designed, developed and intends to commercialize certain paradigm-shifting
technology in the automotive industry, including its infinitely variable transmissions, its
pump/motor, its IsoTorque® differential, its constant velocity joint and its full terrain vehicle
(FTV®); and,

WHEREAS, the Consultant is a strategic planning, government relations, marketing and public
relations company with experience in the national political scene for over thirty years; and,

WHEREAS, the Consultant desires to assist the Company grow its business and commercialize its
technology portfolio;

NOW THEREFORE, in consideration of the mutual promises made herein, the Consultant and the Company
hereby agree to the following:

I. EXCLUSIVITY

The Company hereby engages the Consultant on an exclusive basis for the term specified in Section
II hereof to render consulting services to the Company as a strategic planning, governmental
relations, marketing and public relations specialist upon the terms and conditions set forth
herein.

 

 

 

II. TERM

This Consulting Agreement shall be effective for one (1) year from the date hereof but is
cancelable by either party at any time for nonperformance upon thirty (30) days written notice. The
party seeking to cancel this Consulting Agreement will provide the other party with a written
explanation of the item(s) constituting any alleged nonperformance in its thirty (30) day written
notice and the nonperforming party shall have such thirty (30) day period within which to address
the item(s) so specified and, if
necessary, effect a cure so as to keep this Consulting Agreement in full force and effect.

III. DUTIES AND RESPONSIBILITIES OF THE CONSULTANT

During the term of this Consulting Agreement, the Consultant shall provide the Company with such
regular and customary consulting services with respect to the commercialization of any or all of
the Company’s automotive technologies that are within the Consultant’s expertise to deliver. It is
understood and acknowledged by the Company that the Consultant shall be obligated to render its
services in good faith and on a best efforts basis only. During the term of this Consulting
Agreement, the Consultant’s duties will include, but will not necessarily be limited to, providing
services to the Company concerning the following matters:

(A) The Consultant will provide recommendations with respect to and assist the Company secure
mutually agreed upon financing (from $5,000,000 to $40,000,000, plus), both public and private, to
be used by the Company to commercialize its technology portfolio. To this end, the Consultant will
provide recommendations with respect to and assist in the structuring and implementing proposed
transactions regarding the Company’s automotive technologies. It is understood that the final
acceptance of any proposed transaction will be at the sole discretion of the Company, and that the
Consultant will have no authority to act on behalf of the Company;

(B) The Consultant will render strategic planning, governmental relations, marketing and
public relations services to the Company on an ongoing basis in connection with all of the
Company’s business strategies, including potential licenses, joint ventures and other business
combinations.

 

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IV. DUTIES AND RESPONSIBILITIES OF THE COMPANY

(A) During the term of this Consulting Agreement, the Company will provide the Consultant with
all such documentation, including but not limited to, narrative and technical descriptions of its
technologies, video presentations, data, documents and reports respecting its business and its
technologies as Consultant deems necessary and/or appropriate to facilitate the performance of
Consultant’s responsibilities as set forth herein;

(B) During the term of this Consulting Agreement, the Company will make any and all its
personnel available at such times and places as Consultant considers necessary and/or appropriate
and will complete all funding request applications and forms and provide all such documentation as
Consultant considers necessary and/or appropriate to enable Consultant to assist the Company secure
mutually agreed upon financing, both public and private.

V. CONSULTANT’S COMPENSATION; PAYMENT OF PRE-APPROVED EXPENSES

(A) During the term of this Consulting Agreement, in consideration for the services to be
rendered by the Consultant, the Company will pay the Consultant a consulting fee equal to $20,000
per month. Such payment shall be made to the Consultant based upon invoices submitted by the
Consultant to the Company on or before the 15th day of each calendar month commencing
February 15, 2009. Such payment will be made within five (5) days after the Company’s receipt of
each such invoice, except that Consultant expressly agrees that unless and until the Company shall
have secured the mutually agreed upon amount of financing as described in Article III (A), the
Company will be obligated to pay Consultant only 20% of each such invoice, namely, $4,000 per
month;

(B) Upon receipt by the Company of the mutually agreed upon amount of financing as described
in Article III (A), the Company will pay Consultant an incentive fee equal to $100,000 for each
$2,000,000 secured with the amount of such incentive fee prorated to the actual amount of funds
secured;

 

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(C) Upon receipt by the Company of the mutually agreed upon amount of financing as described
in Article III (A), the Company will pay the Consultant the
aggregate amount owed to Consultant pursuant to the unpaid balances of the invoices furnished by
the Consultant to the Company in accordance with Article IV (A) above;

(D) During the term of this Consulting Agreement, the Company will reimburse Consultant for
all reasonable and appropriate expenses incurred by Consultant in connection with its rendering of
its services as recited herein provided that, Consultant agrees that no such expense will be
incurred and no such expense will be reimbursed unless Consultant will have obtained the Company’s
written pre-approval of any such expense. The Consultant will invoice the Company with respect to
any such pre-approved expenses at any time and from time to time during the term of this Consulting
Agreement and the Company will reimburse Consultant all such invoiced, pre-approved expenses within
five (5) days of the receipt of each such invoice.

VI. CONFIDENTIALITY

The Consultant acknowledges that simultaneously with the execution of this Consulting Agreement, it
has executed a Confidentiality Agreement with the Company and hereby agrees that all of the terms
of such Confidentiality Agreement are hereby incorporated by reference into this Consulting
Agreement as if specifically set forth herein.

VII. INDEPENDENT CONTRACTOR; TERMINATION FOR CAUSE

(A) The Consultant shall perform its services hereunder as an independent contractor and not
as an employee or agent of the Company or an affiliate thereof. It is understood and agreed to by
the parties hereto that the Consultant shall have no authority to act for, represent or bind the
Company or any affiliate thereof in any manner, except as may be agreed to expressly by the Company
in writing from time to time during the term of this Agreement. Each party shall be solely
responsible for compliance with all state and federal laws pertaining to employment taxes, income
withholding at the source, unemployment compensation contributions and other employment related
statutes with respect to the consulting arrangement as set forth in this Consulting Agreement.

 

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(B) Notwithstanding the agreement of the parties to this Consulting Agreement’s term as set
forth in Article II, this Consulting Agreement may be terminated immediately by either party for
any of the following reasons and upon such termination for any one or more of the reasons
set forth below, the obligations of the nonbreaching party to the breaching party as set forth
herein will immediately cease and be of no force and effect:

a) The Consultant discloses confidential information to the detriment of the Company and/or
its business in violation of the Confidentiality Agreement executed by the Consultant and the
Company;

b) Either party is directed by a regulatory or governmental authority to terminate this
Consulting Agreement or either party engages in activities that cause actions to be taken by
regulatory or governmental authorities that have a material adverse effect on the other party;

c) Either party is convicted of or pleads nolo contendre to any felony (other than a felony
resulting from a traffic violation);

d) Either party commits an act of fraud against the other.

For the purposes of this Article VII only, the term Consultant, Company and party shall include
each entity’s respective directors, officers, affiliates and associates.

VIII. TERMINATION UPON FUNDING; FUTURE AGREEMENT

(A) The Consultant and the Company agree that, upon receipt by the Company of the mutually
agreed upon financing as described in Article III (A), this Consulting Agreement and all the
obligations of one party to the other as set forth herein (other than Article V (B), (C) and (D)
and Article VI) will terminate and be of no further effect;

(B) In consideration of the performance by each of the parties, one to the other,
of the responsibilities and duties as set forth in this Consulting Agreement and upon receipt by
the Company of the mutually agreed upon financing as described in Article III (A), the Consultant
and the Company hereby agree to use their best efforts to enter into a new contractual arrangement
with a term of not less than two(2) years pursuant to which Consultant will perform such strategic
planning, government relations, marketing and public relations services with respect to the
commercialization of the Company’s automotive technologies as are within the Consultant’s expertise
to deliver for which the Company will pay Consultant a retainer of $100,000, plus a fee equal to
$40,000 per month during the term of any such agreement.

 

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IX. ENTIRE AGREEMENT

This Consulting Agreement constitutes the entire agreement and understanding of the parties hereto,
and supersedes any and all previous agreements and understandings, whether oral or written, between
the parties with respect to the matters set forth herein.

X. NOTICES

All notices, requests, demands and other communications required or permitted to be given hereunder
shall be in writing and shall be deemed to have been duly given when personally delivered, sent by
registered or certified mail, return receipt requested, postage prepaid, or by overnight mail
service (e.g. Federal Express) to the party at the address set forth below or to such other address
as either party may hereafter give notice of in accordance with the provisions hereof:

if to the Company, to the address as follows:

James Y. Gleasman

Chief Executive Officer

1999 Mount Read Blvd., Building 3

Rochester, New York 14615

Telephone:  585-254—1100

Facsimile:   585-254—1105

Email: jgleasman@torvec.com

and, if to the Consultant, to the address as follows:

Michael C. Copperthite

President

Capital Campaigns, Inc.

Suite 109

6990 Falls Reach Drive

Falls Church, Virginia 22043

Telephone: 703-963-0100

Email: Mike@CapitalCampaignsinc.com

 

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XI. COUNTERPARTS

This Consulting Agreement may be executed in any number of counterparts, each of which together
shall constitute on one and the same original documents.

XII. AMENDMENT, MODIFICATION OR WAIVER

No provision of this Consulting Agreement may be amended, modified or waived, except in a writing
signed by all of the parties hereto.

XIII. TRANSFER, SUCCESSORS AND ASSIGNS

The terms and conditions of this Consulting Agreement shall inure to the benefit of and be binding
upon the respective successors and assigns of the parties. Nothing in this Consulting Agreement,
express or implied, is intended to confer upon any party other than the parties hereto or their
respective successors and assigns any rights, remedies, obligations, or liabilities under or by
reason of this Consulting Agreement, except as expressly provided in this Consulting Agreement.

XIV. GOVERNING LAW

This Consulting Agreement and all acts and transactions pursuant hereto and the rights and
obligations of the parties hereto shall be governed, construed and interpreted in accordance with
the laws of the State of New York, without giving effect to principles of conflicts of law. The
parties specifically agree that the jurisdiction and venue with
respect to any dispute in any way relating to this Consulting Agreement shall lie with the Supreme Court
for the Seventh Judicial District located in the County of Monroe, New York.

XV. SEVERABILITY

If one or more provisions of this Consulting Agreement are held to be unenforceable under
applicable law, the parties agree to renegotiate such provision in
good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for
such provision, then (a) such provision shall be excluded from this Consulting Agreement, (b) the
balance of the Consulting Agreement shall be interpreted
as if such provision were so excluded and (c) the balance of the Consulting Agreement shall be
enforceable in accordance with its terms.

 

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XVI. DELAYS OR OMISSIONS

No delay or omission to exercise any right, power or remedy accruing to any party under this
Agreement, upon any breach or default of any other party under this Agreement, shall impair any
such right, power or remedy of such non-breaching or non-defaulting party nor shall it be construed
to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar
breach or default thereafter occurring; nor shall any waiver of any single breach or default be
deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver,
permit, consent or approval of any kind or character on the part of any party of any breach or
default under this Agreement, or any waiver on the part of any party of any provisions or
conditions of this Agreement, must be in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under this Agreement or by law or
otherwise afforded to any party, shall be cumulative and not alternative.

Executed as of the date above first written.

Accepted and Agreed:

	 	 	 	 	 
	 	TORVEC, INC.

 	 
	 	By:  	
 	 
	 	 	James Y. Gleasman 	 
	 	 	Chief Executive Officer 	 

	 	 	 	 	 
	 	CAPITAL CAMPAIGNS, INC.

 	 
	 	By:  	
 	 
	 	 	Michael C. Copperthite 	 
	 	 	President 	 

 

8Exhibit 10.57

	 	 	 	 	 

Exhibit 10.57

SETTLEMENT AGREEMENT AND RELEASE

THIS SETTLEMENT AGREEMENT AND RELEASE is entered into as of the 31st day of December, 2008
(hereinafter referred to as the “Effective Date”), by and between TORVEC, INC., JAMES Y. GLEASMAN
a/k/a JAMES A. GLEASMAN (hereinafter “James Y. Gleasman”), KEITH E. GLEASMAN, RICHARD B. SULLIVAN,
GARY A. SICONOLFI and FLOYD G. CADY JR. (hereinafter collectively referred to as the “Torvec
Parties”), on the one hand, and CXO ON THE GO, LLC, CXO ON THE GO OF DELAWARE, LLC, PHILIP A. FAIN,
READ D. MCNAMARA, RICHARD E. OTTALAGANA, and ROBERT F. GREEN (hereinafter collectively referred to
as the “CXO Parties”) (the Torvec Parties and the CXO Parties are herein collectively referred to
as the “Parties”).

R E C I T A L S

WHEREAS, Torvec, Inc. engaged CXO on the GO, LLC and CXO on the GO of Delaware, LLC
(hereinafter collectively referred to as the “CXO Entities”) pursuant to various letter agreements,
dated February 20, 2004, June 30, 2004, and April 12, 2005 (hereinafter collectively referred to as
the “Agreements”); and

WHEREAS, at all times relevant to the matters herein, James Y. Gleasman, Keith E. Gleasman,
Richard B. Sullivan, Gary A. Siconolfi and Floyd G. Cady, Jr. were officers, directors, and/or
agents or attorneys of Torvec, Inc.; and

WHEREAS, at various times relevant to the matters herein, Philip A. Fain, Read D. McNamara,
Richard E. Ottalagana and Robert F. Green were members and/or agents of the CXO Entities; and

WHEREAS, at various times relevant to the matters herein, Philip A. Fain, Read D. McNamara,
Richard E. Ottalagana and Robert F. Green served as officers, directors and/or agents of Torvec,
Inc.; and

WHEREAS, Philip A. Fain and CXO on the GO of Delaware, LLC commenced an action against James
Y. Gleasman, Keith E. Gleasman and Floyd G. Cady, Jr. in New York State Supreme Court, Monroe
County, styled Philip A. Fain, et. al. v. James A. Gleasman, et al., Monroe County Index No.
2005-9327 (hereinafter referred to as the “Defamation Action”), alleging damages arising from
certain alleged defamatory statements; and

WHEREAS, Torvec, Inc., Keith E. Gleasman, and James Y. Gleasman commenced an action against
the CXO Entities in New York State Supreme Court, Monroe County, styled Torvec, Inc., et. al. v.
CXO on the GO of Delaware, LLC, et al., Monroe County Index No. 2005-11028 (hereinafter referred to
as the “2005 Action”), alleging, inter alia, that certain of the Agreements were null and void; and

WHEREAS, the CXO Entities asserted counterclaims against Torvec, Inc., Keith E. Gleasman, and
James Y. Gleasman in the 2005 Action, seeking injunctive and declaratory relief and damages arising
from their alleged breach of the Agreements and claiming rights under the Agreements and certain
warrants issued to the CXO Entities by Torvec, Inc. related to the Agreements; and

WHEREAS, Torvec, Inc., commenced an action against the CXO Entities in New York State Supreme
Court, Monroe County, styled Torvec, Inc. v. CXO on the GO of Delaware, LLC, et al., Monroe County
Index No. 2007-1979 (hereinafter referred to as the “2007 Action”), seeking damages arising from
their alleged breach of the Agreements, and other alleged obligations, and the actions and
inactions and
conduct of the members of the CXO Entities, including but not limited to Philip A. Fain, Read
D. McNamara, Richard E. Ottalagana, Robert F. Green, and Andy Chatman; and

 

 

 

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WHEREAS, the CXO Entities asserted counterclaims against Torvec, Inc., Keith E. Gleasman,
James Y. Gleasman and Richard B. Sullivan in the 2007 Action, seeking damages arising from their
alleged breach of the Agreements and other alleged obligations; and

WHEREAS, the above-described actions are hereinafter collectively referred to as the
“Litigation”; and

WHEREAS, all of the claims and counterclaims asserted by the Parties in the above-described
actions are hereinafter collectively referred to as the “Claims”; and

WHEREAS, to avoid expense and uncertainty associated with the Litigation and the Claims, the
Parties wish to amicably resolve the Litigation and the Claims, and further wish to resolve and
preclude the future assertion, commencement or prosecution, directly or indirectly, of any claims,
whether direct, derivative, or as first-party or third-party, that the Parties may have or have had
between and among them, related to any relationship, arrangement, or services provided by, between
or among the CXO Parties and the Torvec Parties.

NOW, THEREFORE, in consideration of the foregoing, the covenants, undertakings and releases
contained herein, and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged by each Party, the Parties, intending to be legally bound, do hereby agree
as follows:

A G R E E M E N T

I. Releases by all Parties. The Parties hereby agree to grant the releases set forth in
paragraph VI below.

II. Stipulation of Discontinuance of Defamation Action. Philip A. Fain, CXO on the GO of
Delaware, LLC, James Y. Gleasman, Keith E. Gleasman and Floyd G. Cady, Jr. shall, contemporaneously
with the execution of this Settlement Agreement, cause their attorneys to execute a Stipulation of
Discontinuance with prejudice of the Defamation Action in the form annexed hereto as Exhibit A.
James Y. Gleasman or Keith E. Gleasman shall cause the Stipulation to be filed with the Office of
the Monroe County Clerk.

 

 

 

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III. Stipulation of Discontinuance of 2005 Action. CXO on the GO, LLC, CXO on the GO of
Delaware, LLC, Torvec, Inc., James Y. Gleasman, and Keith E. Gleasman shall, contemporaneously with
the execution of this Settlement Agreement, cause their attorneys to execute a Stipulation of
Discontinuance with prejudice of the 2005 Action in the form annexed hereto as Exhibit B. CXO on
the GO, LLC or CXO on the GO of Delaware, LLC shall cause the Stipulation to be filed with the
Office of the Monroe County Clerk.

IV. Stipulation of Discontinuance of 2007 Action. CXO on the GO, LLC, CXO on the GO of Delaware,
LLC, Torvec, Inc., James Y. Gleasman, Keith E. Gleasman, and Richard B. Sullivan shall,
contemporaneously with the execution of this Settlement Agreement, cause their attorneys to execute
a Stipulation of Discontinuance with prejudice of the 2007 Action in the form annexed hereto as
Exhibit C.
CXO on the GO, LLC or CXO on the GO of Delaware, LLC shall cause the Stipulation to be filed with
the Office of the Monroe County Clerk.

V. Execution of Confidential Terms Agreement. Contemporaneously with the execution of this
Settlement Agreement, the Parties shall execute the Confidential Terms Agreement.

VI. Releases.

A. Release by Torvec, Inc. In consideration of the execution of this Settlement Agreement,
Torvec, Inc., on behalf of itself and its respective current and former agents, servants, officers,
directors, shareholders, employees, consultants, owners, officials, subsidiaries, divisions,
branches, units, affiliates, parents, attorneys, successors, predecessors, heirs, representatives
and assigns, and all other persons or entities claiming by or through it with respect to any claim
asserted in the Litigation, hereby releases, discharges and acquits CXO on the GO, LLC, CXO on the
GO of Delaware, LLC, Philip A. Fain, Read D. McNamara, Richard E. Ottalagana and Robert F. Green,
and any of their respective current and former agents, servants, officers, directors, shareholders,
members, employees, consultants, owners, officials, subsidiaries, divisions, branches, units,
affiliates, parents, attorneys, successors, predecessors, heirs, personal representatives,
insurance carriers, and assigns, from all manners of action, causes of action, judgments,
executions, debts, demands, rights, damages, costs, expenses and claims of any kind, nature and
character whatsoever, whether in law or in equity, accrued or unaccrued, known or unknown, matured
or unmatured, liquidated or unliquidated, direct or derivative, certain or contingent, whether
asserted or not, which Torvec, Inc. ever had, now has, or hereinafter can, shall, or may have
against CXO on the GO, LLC, CXO on the GO of Delaware, LLC, Philip A. Fain, Read D. McNamara,
Richard E. Ottalagana and/or Robert F. Green, for, upon or by reason of any matter, cause or thing
whatsoever from the beginning of the world up to and including the date this document is executed.
Notwithstanding the foregoing, this release shall not extend to the obligations of any Party
pursuant to this Settlement Agreement.

 

 

 

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B. Release by James Y. Gleasman. In consideration of the execution of this Settlement
Agreement, James Y. Gleasman, on behalf of himself and his attorneys, agents, successors,
predecessors, heirs, personal representatives and assigns, and all other persons or entities
claiming by or through him with respect to any claim asserted in the Litigation, hereby releases,
discharges and acquits CXO on the GO, LLC, CXO on the GO of Delaware, LLC, Philip A. Fain, Read D.
McNamara, Richard E. Ottalagana and Robert F. Green, and any of their respective current and former
agents, servants, officers, directors, shareholders, members, employees, consultants, owners,
officials, subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors,
predecessors, heirs, personal representatives, insurance carriers, and assigns, from all manners of
action, causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses
and claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which James Y. Gleasman ever had, now
has, or hereinafter can, shall, or may have against CXO on the GO, LLC, CXO on the GO of Delaware,
LLC, Philip A. Fain, Read D. McNamara, Richard E. Ottalagana and/or Robert F. Green, for, upon or
by reason of any matter, cause or thing whatsoever from the beginning of the world up to and
including the date this document is executed. Notwithstanding the foregoing, this release shall
not extend to the obligations of any Party pursuant to this Settlement Agreement.

C. Release by Keith E. Gleasman. In consideration of the execution of this Settlement
Agreement, Keith E. Gleasman, on behalf of himself and his attorneys, agents, successors,
predecessors,
heirs, personal representatives and assigns, and all other persons or entities claiming by or
through him with respect to any claim asserted in the Litigation, hereby releases, discharges and
acquits CXO on the GO, LLC, CXO on the GO of Delaware, LLC, Philip A. Fain, Read D. McNamara,
Richard E. Ottalagana and Robert F. Green, and any of their respective current and former agents,
servants, officers, directors, shareholders, members, employees, consultants, owners, officials,
subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors, predecessors,
heirs, personal representatives, insurance carriers, and assigns, from all manners of action,
causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses and
claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which Keith E. Gleasman ever had, now
has, or hereinafter can, shall, or may have against CXO on the GO, LLC, CXO on the GO of Delaware,
LLC, Philip A. Fain, Read D. McNamara, Richard E. Ottalagana and/or Robert F. Green, for, upon or
by reason of any matter, cause or thing whatsoever from the beginning of the world up to and
including the date this document is executed. Notwithstanding the foregoing, this release shall
not extend to the obligations of any Party pursuant to this Settlement Agreement.

 

 

 

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D. Release by Floyd G. Cady, Jr. In consideration of the execution of this Settlement
Agreement, Floyd G. Cady, Jr., on behalf of himself and his attorneys, agents, successors,
predecessors, heirs, personal representatives and assigns, and all other persons or entities
claiming by or through him with respect to any claim asserted in the Litigation, hereby releases,
discharges and acquits CXO on the GO, LLC, CXO on the GO of Delaware, LLC, Philip A. Fain, Read D.
McNamara, Richard E. Ottalagana and Robert F. Green, and any of their respective current and former
agents, servants, officers, directors, shareholders, members, employees, consultants, owners,
officials, subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors,
predecessors, heirs, personal representatives, insurance carriers, and assigns, from all manners of
action, causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses
and claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which Floyd G. Cady, Jr. ever had, now
has, or hereinafter can, shall, or may have against CXO on the GO, LLC, CXO on the GO of Delaware,
LLC, Philip A. Fain, Read D. McNamara, Richard E. Ottalagana and/or Robert F. Green, for, upon or
by reason of any matter, cause or thing whatsoever from the beginning of the world up to and
including the date this document is executed. Notwithstanding the foregoing, this release shall
not extend to the obligations of any Party pursuant to this Settlement Agreement.

E. Release by Richard B. Sullivan. In consideration of the execution of this Settlement
Agreement, Richard B. Sullivan, on behalf of himself and his attorneys, agents, successors,
predecessors, heirs, personal representatives and assigns, and all other persons or entities
claiming by or through him with respect to any claim asserted in the Litigation, hereby releases,
discharges and acquits CXO on the GO, LLC, CXO on the GO of Delaware, LLC, Philip A. Fain, Read D.
McNamara, Richard E. Ottalagana and Robert F. Green, and any of their respective current and former
agents, servants, officers, directors, shareholders, members, employees, consultants, owners,
officials, subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors,
predecessors, heirs, personal representatives, insurance carriers, and assigns, from all manners of
action, causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses
and claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which Richard B. Sullivan ever had, now
has, or hereinafter can, shall, or may have against CXO on the GO, LLC, CXO on the GO of Delaware,
LLC,
Philip A. Fain, Read D. McNamara, Richard E. Ottalagana and/or Robert F. Green, for, upon or
by reason of any matter, cause or thing whatsoever from the beginning of the world up to and
including the date this document is executed. Notwithstanding the foregoing, this release shall
not extend to the obligations of any Party pursuant to this Settlement Agreement.

 

 

 

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Torvec v. CXO, Monroe County Index No. 2005-11028

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F. Release by Gary A. Siconolfi. In consideration of the execution of this Settlement
Agreement, Gary A. Siconolfi, on behalf of himself and his attorneys, agents, successors,
predecessors, heirs, personal representatives and assigns, and all other persons or entities
claiming by or through him with respect to any claim asserted in the Litigation, hereby releases,
discharges and acquits CXO on the GO, LLC, CXO on the GO of Delaware, LLC, Philip A. Fain, Read D.
McNamara, Richard E. Ottalagana and Robert F. Green, and any of their respective current and former
agents, servants, officers, directors, shareholders, members, employees, consultants, owners,
officials, subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors,
predecessors, heirs, personal representatives, insurance carriers, and assigns, from all manners of
action, causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses
and claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which Gary A. Siconolfi ever had, now
has, or hereinafter can, shall, or may have against CXO on the GO, LLC, CXO on the GO of Delaware,
LLC, Philip A. Fain, Read D. McNamara, Richard E. Ottalagana and/or Robert F. Green, for, upon or
by reason of any matter, cause or thing whatsoever from the beginning of the world up to and
including the date this document is executed. Notwithstanding the foregoing, this release shall
not extend to the obligations of any Party pursuant to this Settlement Agreement.

G. Release by CXO on the GO, LLC. In consideration of the execution of this Settlement
Agreement, CXO on the GO, LLC, on behalf of itself and its respective current and former agents,
servants, officers, directors, shareholders, members, employees, consultants, owners, officials,
subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors, predecessors,
heirs, representatives and assigns, and all other persons or entities claiming by or through it
with respect to any claim asserted in the Litigation, hereby releases, discharges and acquits
Torvec, Inc., James Y. Gleasman, Keith E. Gleasman, Floyd G. Cady, Jr., Richard B. Sullivan, and
Gary A. Siconolfi, and any of their respective current and former agents, servants, officers,
directors, shareholders, members, employees, consultants, owners, officials, subsidiaries,
divisions, branches, units, affiliates, parents, attorneys, successors, predecessors, heirs,
personal representatives, insurance carriers, and assigns, from all manners of action, causes of
action, judgments, executions, debts, demands, rights, damages, costs, expenses and claims of any
kind, nature and character whatsoever, whether in law or in equity, accrued or unaccrued, known or
unknown, matured or unmatured, liquidated or unliquidated, direct or derivative, certain or
contingent, whether asserted or not, which CXO on the GO, LLC ever had, now has, or hereinafter
can, shall, or may have against Torvec, Inc., James Y. Gleasman, Keith E. Gleasman, Floyd G. Cady,
Jr., Richard B. Sullivan, and/or and Gary A. Siconolfi, for, upon or by reason of any matter, cause
or thing whatsoever from the beginning of the world up to and including the date this document is
executed. Notwithstanding the foregoing, this release shall not extend to the obligations of any
Party pursuant to this Settlement Agreement.

 

 

 

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H. Release by CXO on the GO of Delaware, LLC. In consideration of the execution of this
Settlement Agreement, CXO on the GO of Delaware, LLC, on behalf of itself and its respective
current and former agents, servants, officers, directors, shareholders, consultants, members,
employees, owners, officials, subsidiaries, divisions, branches, units, affiliates, parents,
attorneys, successors, predecessors,
heirs, representatives and assigns, and all other persons or entities claiming by or through
it with respect to any claim asserted in the Litigation, hereby releases, discharges and acquits
Torvec, Inc., James Y. Gleasman, Keith E. Gleasman, Floyd G. Cady, Jr., Richard B. Sullivan, and
Gary A. Siconolfi, and any of their respective current and former agents, servants, officers,
directors, shareholders, members, employees, consultants, owners, officials, subsidiaries,
divisions, branches, units, affiliates, parents, attorneys, successors, predecessors, heirs,
personal representatives, insurance carriers, and assigns, from all manners of action, causes of
action, judgments, executions, debts, demands, rights, damages, costs, expenses and claims of any
kind, nature and character whatsoever, whether in law or in equity, accrued or unaccrued, known or
unknown, matured or unmatured, liquidated or unliquidated, direct or derivative, certain or
contingent, whether asserted or not, which CXO on the GO of Delaware, LLC ever had, now has, or
hereinafter can, shall, or may have against Torvec, Inc., James Y. Gleasman, Keith E. Gleasman,
Floyd G. Cady, Jr., Richard B. Sullivan, and/or Gary A. Siconolfi, for, upon or by reason of any
matter, cause or thing whatsoever from the beginning of the world up to and including the date this
document is executed. Notwithstanding the foregoing, this release shall not extend to the
obligations of any Party pursuant to this Settlement Agreement.

I. Release by Philip A. Fain. In consideration of the execution of this Settlement
Agreement, Philip A. Fain, on behalf of himself and his attorneys, agents, successors,
predecessors, heirs, personal representatives and assigns, and all other persons or entities
claiming by or through him with respect to any claim asserted in the Litigation, hereby releases,
discharges and acquits Torvec, Inc., James Y. Gleasman, Keith E. Gleasman, Floyd G. Cady, Jr.,
Richard B. Sullivan, and Gary A. Siconolfi, and any of their respective current and former agents,
servants, officers, directors, shareholders, members, employees, consultants, owners, officials,
subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors, predecessors,
heirs, personal representatives, insurance carriers, and assigns, from all manners of action,
causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses and
claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which Philip A. Fain ever had, now has,
or hereinafter can, shall, or may have against Torvec, Inc., James Y. Gleasman, Keith E. Gleasman,
Floyd G. Cady, Jr., Richard B. Sullivan, and/or Gary A. Siconolfi, for, upon or by reason of any
matter, cause or thing whatsoever from the beginning of the world up to and including the date this
document is executed. Notwithstanding the foregoing, this release shall not extend to the
obligations of any Party pursuant to this Settlement Agreement.

 

 

 

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J. Release by Read D. McNamara. In consideration of the execution of this Settlement
Agreement, Read D. McNamara, on behalf of himself and his attorneys, agents, successors,
predecessors, heirs, personal representatives and assigns, and all other persons or entities
claiming by or through him with respect to any claim asserted in the Litigation, hereby releases,
discharges and acquits Torvec, Inc., James Y. Gleasman, Keith E. Gleasman, Floyd G. Cady, Jr.,
Richard B. Sullivan, and Gary A. Siconolfi, and any of their respective current and former agents,
servants, officers, directors, shareholders, members, employees, consultants, owners, officials,
subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors, predecessors,
heirs, personal representatives, insurance carriers, and assigns, from all manners of action,
causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses and
claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which Read D. McNamara ever had, now
has, or hereinafter can, shall, or may have against Torvec, Inc., James Y. Gleasman, Keith E.
Gleasman, Floyd G. Cady, Jr., Richard B. Sullivan, and/or and Gary A. Siconolfi, for, upon or by
reason of any matter, cause or thing whatsoever from the beginning of the world up to and including
the date this document is executed. Notwithstanding the foregoing, this release shall not extend to the obligations of any
Party pursuant to this Settlement Agreement.

K. Release by Richard E. Ottalagana. In consideration of the execution of this Settlement
Agreement, Richard E. Ottalagana, on behalf of himself and his attorneys, agents, successors,
predecessors, heirs, personal representatives and assigns, and all other persons or entities
claiming by or through him with respect to any claim asserted in the Litigation, hereby releases,
discharges and acquits Torvec, Inc., James Y. Gleasman, Keith E. Gleasman, Floyd G. Cady, Jr.,
Richard B. Sullivan, and Gary A. Siconolfi, and any of their respective current and former agents,
servants, officers, directors, shareholders, members, employees, consultants, owners, officials,
subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors, predecessors,
heirs, personal representatives, insurance carriers, and assigns, from all manners of action,
causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses and
claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which Richard E. Ottalagana ever had,
now has, or hereinafter can, shall, or may have against Torvec, Inc., James Y. Gleasman, Keith E.
Gleasman, Floyd G. Cady, Jr., Richard B. Sullivan, and/or Gary A. Siconolfi, for, upon or by reason
of any matter, cause or thing whatsoever from the beginning of the world up to and including the
date this document is executed. Notwithstanding the foregoing, this release shall not extend to
the obligations of any Party pursuant to this Settlement Agreement.

 

 

 

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L. Release by Robert F. Green. In consideration of the execution of this Settlement
Agreement, Robert F. Green, on behalf of himself and his attorneys, agents, successors,
predecessors, heirs, personal representatives and assigns, and all other persons or entities
claiming by or through him with respect to any claim asserted in the Litigation, hereby releases,
discharges and acquits Torvec, Inc., James Y. Gleasman, Keith E. Gleasman, Floyd G. Cady, Jr.,
Richard B. Sullivan, and Gary A. Siconolfi, and any of their respective current and former agents,
servants, officers, directors, shareholders, members, employees, consultants, owners, officials,
subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors, predecessors,
heirs, personal representatives, insurance carriers, and assigns, from all manners of action,
causes of action, judgments, executions, debts, demands, rights, damages, costs, expenses and
claims of any kind, nature and character whatsoever, whether in law or in equity, accrued or
unaccrued, known or unknown, matured or unmatured, liquidated or unliquidated, direct or
derivative, certain or contingent, whether asserted or not, which Robert F. Green ever had, now
has, or hereinafter can, shall, or may have against Torvec, Inc., James Y. Gleasman, Keith E.
Gleasman, Floyd G. Cady, Jr., Richard B. Sullivan, and/or Gary A. Siconolfi, for, upon or by reason
of any matter, cause or thing whatsoever from the beginning of the world up to and including the
date this document is executed. Notwithstanding the foregoing, this release shall not extend to
the obligations of any Party pursuant to this Settlement Agreement.

VII. Effective Date. This Settlement Agreement and the obligations contained herein shall
become effective upon the Effective Date.

VIII. Representations and Warranties. The Parties hereby represent and warrant as of each of
the Effective Date and the date this document is executed as follows:

A. Authority; Enforceability. They have the requisite power and authority to enter into
this Settlement Agreement and to carry out their obligations hereunder, including but not limited
to on behalf of the corporate and business entities named herein, and the officers, directors,
agents, affiliates, employees and consultants thereof. No further proceedings are necessary to
authorize this Settlement
Agreement and the transactions contemplated hereby. This Settlement Agreement has been duly and
validly authorized by any necessary governing body of the corporate and business entities hereof,
and has been executed and delivered by them and constitutes a valid and binding agreement,
enforceable against them and their officers, directors, agents, affiliates, employees and
consultants in accordance with its terms.

 

 

 

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B. No Conflict. The execution, delivery and performance of this Settlement Agreement does
not (i) contravene any order, writ, judgment, injunction, decree, determination or award presently
in effect and binding upon them, (ii) conflict with or result in a material breach of or default
under any agreement presently in effect and binding upon them, or (iii) require the authorization,
consent, approval or license of any third party.

C. Legal Advice. They have received independent legal advice from their own counsel with
respect to the advisability of executing this Settlement Agreement and, except for the provisions
hereof, no statement or representation has been made by any other Party or any other Party’s
attorney regarding any fact that has been relied upon by them or their attorney in entering into
this Settlement Agreement, nor do they or their attorney rely upon any statement, representation or
promise of any other Party (except as set forth herein) or any other Party’s attorney in executing
this Settlement Agreement or in making the settlement provided for herein.

D. No Assignment or Transfer. They have not heretofore assigned or transferred or
purported to assign or transfer to any person or entity any claims or other matters herein
released, and they shall indemnify and hold harmless the other Parties hereto, and their respective
current and former agents, servants, officers, directors, shareholders, employees, owners,
officials, subsidiaries, divisions, branches, units, affiliates, parents, attorneys, successors,
predecessors, heirs, representatives and assigns, from and against any claims based upon or arising
in connection with any such claimed assignment or transfer of any claims or any other matters
released herein.

E. No Claims. They are not aware of any unasserted claim they may possess, or could assert
with the passage of time, against any person or entity, or that could be asserted against any of
them, whether direct or derivative, first party or third party, related to or arising from the
facts underlying the Litigation or the Claims or the Agreements, or the performance or breach of
the Agreements, or the actions or inaction or conduct of any Party, or any director, officer,
member, employee, consultant, agent, counsel or employee of any Party related thereto.

 

 

 

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IX. No Admission. This Settlement Agreement is intended to be legally binding and a full and
final accord and satisfaction. Nothing contained herein shall constitute, be construed, or offered
in any way as an admission by any Party of any fault or liability in
any manner or in any proceeding. In fact, the Parties expressly deny any such liability or
wrongdoing, and enter into this Settlement Agreement for the sole purpose of resolving the
Litigation and the Claims and avoiding the further time, expense and conflict in prosecuting or
defending the same. Except to the extent necessary to enforce this Settlement Agreement, neither
the Settlement Agreement nor any part of it may be construed, used, or admitted into evidence in
any judicial, administrative, or arbitral proceeding as an admission of any kind by the Parties.

X. Additional Provisions.

A. Entire Agreement. This Settlement Agreement and the Exhibits and the Confidential Terms
Agreement set forth the entire agreement and understanding between the Parties relating to the
subject matter hereof and there are no other agreements, either express or implied.

B. This Settlement Agreement is binding upon and shall inure to the benefit of each of the
Parties hereto and their respective predecessors, successors, assigns, subsidiaries, divisions,
affiliates, members, shareholders, directors, officers, employees, consultants, attorneys, agents,
representatives and heirs.

C. Pronouns.
Words used herein, regardless of the gender and number specifically used, shall
be deemed and construed to include any other gender, masculine, feminine or neuter, and any other
number, singular or plural, as the context requires.

D. Interpretation.
The Parties have participated in the negotiation and drafting of this
Settlement Agreement. In the event an ambiguity or question of intent or interpretation arises,
this Settlement Agreement shall be construed as if drafted jointly by all Parties and no
presumptions or burdens of proof shall arise favoring any party by virtue of the authorship of any
of the provisions of this Settlement Agreement

E. Severability.
If any provision of this Settlement Agreement shall be held invalid, illegal,
or unenforceable, that provision shall be severed from the balance of this Settlement Agreement and
the remaining provisions shall remain in full force and effect and shall not in any way be affected
or impaired. Upon determination that any such term is invalid, illegal or unforeseeable, that term
shall be read so as to effect the original intent of the Parties as nearly as possible. This
paragraph shall not apply to the Releases in paragraph VI of this Agreement. In the event those
Releases shall be held invalid, illegal, or unenforceable, the Parties agree to negotiate and
execute a new Settlement Agreement, with similar mutual and broad releases, so as to accomplish the
Parties’ original intent as set forth in this Settlement Agreement.

 

 

 

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F. Additional Documents. The Parties shall execute such additional
documents and take such further actions as shall be reasonably necessary to carry out the
provisions of this Settlement Agreement and to effectuate the intent of the Parties as set forth in
this Settlement Agreement.

G. Governing Law; Venue. The construction, performance and enforcement of this Settlement
Agreement shall be governed by and construed in accordance with the laws of the State of New York,
excluding the conflicts of law provisions thereof. Any action or proceeding related to or arising
from this Settlement Agreement, or related to or arising out of the facts underlying the Litigation
and/or the Claims, must be brought in a court located in the County of Monroe, State of New York.

H. Integration. This Settlement Agreement and the Exhibits and the Confidential Terms
Agreement constitute a single integrated written contract expressing the entire agreement among the
Parties. There are no other agreements, written or oral, express or implied, among the Parties
with respect to this subject matter other than as set forth in the aforementioned.

I. Amendment. This Settlement Agreement may not be amended, revised, or modified, in any
part, except by an instrument in writing signed on behalf of each of the Parties to be bound by the
amendment. No amendment, supplement or modification of this Settlement Agreement shall be binding
unless executed in writing by the party to be bound thereby.

J. Non Waiver. The failure of a Party to insist upon the strict adherence to any of the terms
of this Settlement Agreement on any occasion shall not be construed as a waiver thereof or deprive
any Party of the right thereafter to insist upon strict adherence to that term or any other term of
this Settlement Agreement or to seek injunctive relief to enforce any term of this Settlement
Agreement.

K. No Third Party Beneficiaries. Except as expressly provided for herein, this Settlement
Agreement is not intended to nor shall it create or confer any benefits upon any person or entity
not a party hereto.

L. Counterparts. This Settlement Agreement may be executed in counterpart signature pages or
in any number of counterparts, all of which taken together shall constitute one and the same
instrument, and any Party may execute this Settlement Agreement by signing any such counterpart
signature page or such counterpart. This Settlement Agreement may be executed and delivered by the
Parties by the exchange by telecopy of executed signature pages by the signatories hereto.

 

 

 

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IN WITNESS WHEREOF, each of the Parties has executed this Settlement Agreement as of December 31,
2008.

	 	 	 	 	 
	 

	 	TORVEC, INC.	 	 
	 
	 	 	 	 
	BY:
	 	 	 	 
	 

	 	 

NAME:
	 	 
	 

	 	TITLE:	 	 

On the
 _____ 

day of February, 2009,                      came before me, representing that he/she is
the                      of TORVEC, INC. and that he/she has authority to enter into this Settlement
Agreement and to bind TORVEC, INC. thereto, and that he/she did so at by direction of the Board of
Directors pursuant to a Board resolution, and whereupon he/she executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

	 	 	 	 	 
	 

	 	JAMES Y. GLEASMAN	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, JAMES Y. GLEASMAN came before me, representing that he has
authority to enter into this Settlement Agreement and to bind himself thereto, and whereupon he
executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

 

 

 

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	 	KEITH E. GLEASMAN	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, KEITH E. GLEASMAN came before me, representing that
he has authority to enter into this Settlement Agreement and to bind himself thereto, and whereupon
he executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

	 	 	 	 	 
	 

	 	GARY A. SICONOLFI	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, GARY A. SICONOLFI came before me, representing that he has
authority to enter into this Settlement Agreement and to bind himself thereto, and whereupon he
executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

	 	 	 	 	 
	 

	 	RICHARD B. SULLIVAN	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, RICHARD B. SULLIVAN came before me, representing
that he has authority to enter into this Settlement Agreement and to bind himself thereto, and
whereupon he executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

 

 

 

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Page 15 of 17

	 	 	 	 	 
	 

	 	FLOYD G. CADY, JR.	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, FLOYD G. CADY, JR. came before me, representing that
he has authority to enter into this Settlement Agreement and to bind
himself thereto, and whereupon he executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

	 	 	 	 	 
	 

	 	CXO ON THE GO, LLC	 	 
	 
	 	 	 	 
	BY:
	 	 	 	 
	 

	 	 

NAME:
	 	 
	 

	 	TITLE:	 	 

On the
 _____ 

day of February, 2009,                      came before me, representing that he/she is
the                      of CXO ON THE GO, LLC and that he/she has authority to enter into this
Settlement Agreement and to bind CXO ON THE GO, LLC thereto, and whereupon he/she executed
this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

	 	 	 	 	 
	 

	 	CXO ON THE GO OF DELAWARE, LLC	 	 
	 
	 	 	 	 
	BY:
	 	 	 	 
	 

	 	 

NAME:
	 	 
	 

	 	TITLE:	 	 

On the
 _____ 

day of February, 2009,                      came before me, representing that he/she is
the                      of CXO ON THE GO OF DELAWARE, LLC and that he/she has authority to enter into
this Settlement Agreement and to bind CXO ON THE GO OF DELAWARE, LLC thereto, and
whereupon he/she executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

 

 

 

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	 	PHILIP A. FAIN	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, PHILIP A. FAIN came before me, representing that he
has authority to enter into this Settlement Agreement and to bind himself thereto, and whereupon he
executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

	 	 	 	 	 
	 

	 	READ D. MCNAMARA	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, READ D. MCNAMARA came before me, representing that
he has authority to enter into this Settlement Agreement and to bind himself thereto, and whereupon
he executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

 

 

 

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	 	RICHARD E. OTTALAGANA	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, RICHARD E. OTTALAGANA came before me, representing
that he has authority to enter into this Settlement Agreement and to bind himself thereto, and
whereupon he executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public	 	 

	 	 	 	 	 
	 

	 	ROBERT F. GREEN	 	 
	 
	 	 	 	 
	 

	 	 

	 	 

On the
 _____ 

day of February, 2009, ROBERT F. GREEN came before me, representing that he
has authority to enter into this Settlement Agreement and to bind himself thereto, and whereupon he
executed this Settlement Agreement.

	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	Notary Public

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