Document:

Exhibit 10.1

 

RESIGNATION,
CONSULTING, NON-COMPETITION 

AND GENERAL RELEASE AGREEMENT

 

THIS RESIGNATION, CONSULTING, NON-COMPETITION AND
GENERAL RELEASE AGREEMENT (“Agreement”) is made and entered
into this 14th day of October, 2004 (the “Effective Date”), by and
between Ballistic Recovery Systems, Inc., a Minnesota corporation (the “Company”),
and Mark B. Thomas, a Minnesota resident (“Mr. Thomas”).

 

BACKGROUND

 

1.                                       The
Company and Mr. Thomas entered into that certain Employment Agreement effective
as of January 1, 2004 (the “Employment Agreement”) pursuant to which Mr. Thomas
served as the President, Chief Executive Officer, Chief Financial Officer and a
member of the Board of Directors of the Company.

 

2.                                       Mr.
Thomas desires to resign all positions of officer, director and employee of the
Company, effective the Effective Date and the Company desires to accept Mr.
Thomas’ resignation effective as of the Effective Date.

 

3.                                       The
Company and Mr. Thomas, desire to amicably terminate the Employment Agreement
and their relationship and enter into a transition consulting agreement
pursuant to which Mr. Thomas will supply certain consulting services to the
Company and resolve all potential disputes between them.

 

NOW, THEREFORE, in
consideration of the foregoing, the parties agree as follows:

 

1.                                       Thomas Resignation.  Mr. Thomas hereby resigns as Director,
President, Chief Executive Officer, Chief Financial Officer and as an employee
of the Company effective 4:00 p.m., October 14, 2004, and the Company hereby
accepts his resignation.  The Company
will provide Mr. Thomas his regular base salary and benefits through his date
of resignation.

 

2.                                       Termination of Employment Agreement.  The Employment Agreement is hereby
terminated except that the provisions of Section 8 (Confidentiality and
Non-Competition) shall survive in the event that within fifteen (15) days after
executing this Agreement (the “Rescission Date”) Mr. Thomas exercises his right
to rescind or revoke his release as more fully set forth below.

 

3.                                       Consulting Services.  Executive agrees to provide, for a
ninety-day period starting on  the
Effective Date (“Transition Period”), an amount up to twenty-five (25) hours
per month as a consultant to the Company to assist in certain transition
matters as reasonably requested by the Company’s Board of Directors or their
designee including, but not limited to, (i) assisting in introductions and
calls to Company customers and vendors; (ii) assisting in the transition of the
Company’s management; (iii) assisting in the Company’s ongoing litigation; (iv)
assisting in the timely submission and preparation of SEC reports such as Forms
10-KSB; (v) assisting in accounting and auditing matters; and (vi) providing,
if requested, a written memorandum setting forth in sufficient detail a
description of pending meetings, initiatives, and other pending matters related
to the Company’s business that Executive believes in good faith

 

 

the Company must know for a smooth and proper transition of Mr. Thomas’
duties and responsibilities. Mr. Thomas will cooperate in good faith during the
Transition Period with the Company to the extent his cooperation is needed in
the transition of his duties and responsibilities to others in the
Company.  The Company’s requests for
consulting services shall be made in good faith, upon reasonable notice, and
shall take into consideration Executive’s availability with the understanding
that Executive will be engaging in a job search and other personal business
activities during the Transition Period. For such consulting services, the
Company shall pay Mr. Thomas $5,000 on the last day of each of the three 30-day
periods for a total consulting payment of $15,000, and the Company shall
reimburse Mr. Thomas for reasonable, documented out-of-pocket business expenses
consistent with Company reimbursement policies. 
The reimbursement of business expenses shall be made within ten (10)
business days of the end of the 30-day period in which the expenses are
incurred.  Subject to compliance with
Section 5, the consulting payment shall be made whether or not consulting
services are requested and performed in that period.  Mr. Thomas is obligated to keep reasonable
records of his consulting time and tasks accomplished and shall use his best
efforts to accomplish the assigned tasks. 
To the extent that a) the Board of Directors requests and b) Mr. Thomas
engages in consulting work hereunder in excess of twenty-five (25) hours in any
of the three 30-day periods, Mr. Thomas will, in addition to the $5,000
consulting payment for such period, be paid $200 per hour for consulting
services over and above 25 hours in that period.  The additional consulting fees shall be paid
to Mr. Thomas within ten business days of the end of 30-day period in which the
services are provided.

 

Mr. Thomas understands that in performing consulting services under
this Agreement, Mr. Thomas is an independent contractor, therefore the parties
expressly agree that (a) their relationship is based on the understanding that
Mr. Thomas is an independent contractor and not an employee of the Company and
no employment relationship is created hereby, (b) the Company shall not provide
Mr. Thomas with any fringe benefits in connection with the consulting services
provided hereunder, and (c) the Company has no responsibility for withholding
taxes, social security withholding, worker’s compensation withholding,
unemployment withholding or any similar taxes or charges attributable to Mr.
Thomas arising from compensation for consulting services paid to Mr. Thomas
pursuant hereto.  Mr. Thomas understands
that he does not have authority to bind or otherwise commit the Company.

 

4.                                       Payments and Benefits Provided by the Company.  Provided Mr. Thomas does not (1) exercise his
right to rescind or revoke his release prior to the Rescission Date, or (2)
violate the terms of his non-competition or confidentiality provisions as
provided in Section 5 hereof, the Company will provide him with the following
additional payments and benefits in the time frames noted below:

 

(a)                                  Confidentiality
and Non-competition Payment. Specifically as consideration for the
Confidentiality and Non-Competition Obligations set forth in Section 5, the
Company will pay Mr. Thomas an amount equal to Two Hundred Thirty Thousand and
no/100 Dollars ($230,000) as follows: (1) Sixty Thousand ($60,000) payable
within two business days following the Rescission Date and (2) an aggregate of
One Hundred Seventy Thousand ($170,000) payable monthly on the last day of each
month in equal installments over a 24 month period.  The first such payment under subpart (2) will
be made on November 30, 2004 and at the 

 

2

 

end of each month for the 24-month period thereafter.  Payments under this subparagraph (a) are
payments for the Confidentiality and Non-Competition Obligations and thus are
not subject to withholding for federal and state taxes and other required
payroll deductions.

 

(b)                                 Vacation
Time/Expenses.  Within two business
days following the Rescission Date, the Company shall also pay Mr. Thomas an
amount equal to (a) $ 19,058.27 (219.92 hours) for accrued but unpaid time off
(including, but not limited to vacation), and (b) reimbursement for any
documented expenses incurred through the Effective Date consistent with Company
reimbursement policies.

 

(c)                                  Stock
Options.  The five-year term of each
of the stock options previously granted to Mr. Thomas as follows:  (i) options to acquire 15,000 shares of
Common Stock at $1.25 per share granted March 14, 2000; (ii) options to acquire
15,000 shares of Common Stock at $.9063 per share granted March 20, 2001; (iii)
options to acquire 15,000 shares of Common Stock at $1.38 per share granted
March 18, 2002; and (iv) options to acquire 15,000 shares of Common Stock at
$1.05 per share granted March 18, 2003; (collectively, the “Options”); shall
all be extended by one-year.  No other
term of the Options shall change pursuant to this Agreement.

 

(d)                                 Legal
Fees. After the Rescission Date, the Company shall promptly reimburse Mr.
Thomas up to a maximum of Five Thousand ($5,000) for reasonable and documented
legal fees incurred by Mr. Thomas in connection with Mr. Thomas’
resignation.  For purposes of
documentation, a summation of hours performed and not a description of services
rendered shall be sufficient.

 

(e)                                  Bonuses/Profit
Sharing.  The Company shall, to the
extent earned under current bonus plans, 
(a) pay Mr. Thomas on or before November 30, 2004 an amount not to
exceed $15,000 for bonuses earned by Mr. Thomas for the fiscal year ended September
30, 2004, and (b) shall make contributions under the Company’s profit sharing
plan for the period ended September 30, 2004 at the same time it makes
contributions for other employees.

 

(f)                                    Benefits.  Mr. Thomas has the right under applicable law
to continue his coverage in the Company’s health insurance program at his
expense, however, as an additional benefit of this Agreement, the Company shall
timely make the COBRA payments for individual coverage for Mr. Thomas for the
period through April 30, 2006, provided Mr. Thomas executes the
necessary documents provided to him by the Company to elect such continued
coverage, and, further, the Company’s obligations in this subparagraph will
cease immediately upon Mr. Thomas obtaining comparable replacement coverage.  Should the Company for any reason terminate
its health insurance program prior to April 30, 2006, the Company shall arrange
for comparable individual health insurance coverage for Mr. Thomas for such
period as provided to other Company employees at such time.

 

5.                                       Confidentiality and Non-Competition Obligations of
Mr. Thomas.

 

Mr. Thomas agrees and acknowledges that:

 

(a)                                  Confidentiality.

 

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(i)                                     All
original and copies of records of the accounts of the Company, of any nature,
whether existing at the time his employment, procured through the efforts of
Mr. Thomas, or obtained by Mr. Thomas from any other source, and whether
prepared by Mr. Thomas or otherwise, shall be the exclusive property of the Company
regardless of who actually purchased the original book, record or magnetic
storage unit on which such information is recorded.

 

(ii)                                  All
business plans, patents, inventions, intellectual property, trade secrets,
files, records, documents, drawings, specifications, programs, equipment and
similar items relating to the business of the Company, whether they are
prepared by the Company or by Mr. Thomas, or come into Mr. Thomas’ possession
in any other way and whether or not they contain or constitute “trade secrets”
owned by the Company, are and shall remain the exclusive property of the
Company and shall not be removed from the premises of the Company under any
circumstances whatsoever without the prior written consent of the Company.

 

(iii)                               Mr.
Thomas promises and agrees that he shall not misuse, misappropriate, give,
sell, furnish, nor disclose, whether for consideration or for no consideration,
at any time hereafter, any trade secrets described herein, directly or
indirectly, or use them in any way or manner, for his or her own benefit or the
benefit of others. Mr. Thomas agrees and promises not to make known to other
person, firm, or corporation the names, addresses or any other information of
any of the Company’s customers or vendors.

 

(iv)                              Mr.
Thomas will immediately return to the Company any and all of the Company’s
property in his possession or under his control except as reasonably required
to perform the consulting services indicated in Section 3.  After such consulting services have been
rendered, as determined by the Company’s Board of Directors, Mr. Thomas will
return any remaining Company property to the Company.

 

(v)                                 Mr. Thomas will refrain from communicating
with the Company’s officers and employees, vendors, customers, competitors, and
trade affiliations any information regarding the terms of this Agreement,
unless he receives written permission from the Board of Directors.

 

(vi)                              The Confidentiality provisions of this
Section 5 (a) do not cover  information
that is already publicly known nor do the Confidentiality provisions cover any
information that is made public through no fault of Mr. Thomas.

 

(b)                                 Non-Compete.

 

For a period of two years
following the Effective Date of this Agreement, (A) Mr. Thomas agrees and
promises not to call on, solicit, or take away any of the customers of Company
on whom Mr. Thomas called on or with whom Mr. Thomas became acquainted with
during his employment with the Company and (B) Mr. Thomas agrees that within
the United States or any international country in which the Company can
demonstrate that it actively markets its products at the time of this
Agreement, Mr. Thomas shall not directly or indirectly become employed by,
consult with, own, manage, operate, or conduct any business engaged in

 

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the design, manufacturing, marketing or distribution of (i) emergency
parachute recovery systems for use with recreational, general and commercial
aviation aircraft and unmanned aircraft or (ii) general aviation aircraft.

 

(c)                                  These
covenants on confidentiality, non-retention of Company property, and
non-compete provisions are material to this Agreement and the Company’s
willingness to enter into it, and the payments and obligations of the Company
as set forth in this Agreement are material to this Agreement and Mr. Thomas’
willingness to enter into it.  Any
violation by Mr. Thomas of any or all of the covenants of this Section 5 will
result in irreparable harm to the Company, entitling it to apply for injunctive
relief as necessary to forbid further such violations.  Such injunctive relief will be in addition to
such other and different relief to which the Company may be entitled.  The Company may seek such injunctive relief
only in a court of competent jurisdiction as necessary to forbid further
violations of this Section 5.  All other
relief must be sought and claims made in accordance with Section 14, including,
without limitation, claims for money damages including any claims for offsetting
amounts still owed to Mr. Thomas pursuant to Section 4 hereof.

 

6.                                       Mutual Release of Claims.  In consideration of the benefit of this
Agreement, Mr. Thomas and the Company hereby fully and finally release, waive,
and otherwise relinquish any and all claims that they have or believe they have
against each other through the date of this Agreement.  Mr. Thomas and the Company (as defined in
Section 7 (b)), also agree to release and discharge the other from any and all
claims or causes of action that either may have, prior or after the execution of
this Agreement in the capacity as shareholder(s) of the Company, except that
Mr. Thomas may participate in the award of a class action lawsuit filed by
third parties.  Mr. Thomas agrees that he
will not cause, participate or instigate shareholder litigation against the
Company, its officers, directors, employees or agents.  Notwithstanding anything herein to the
contrary, this release does not release any rights Mr. Thomas may have to the
payments and benefits under this Agreement. 
The parties will not bring any legal action or make any other demands
against each other, except as necessary to enforce this Agreement which shall
be enforced by way of arbitration as set forth in Section 14 (except as
provided under Section 5 (c)).  The
consideration recited under this Agreement is full and fair consideration for
the release of such claims.  The parties
do not owe each other anything other than what is set forth in this
Agreement.  The benefits the parties will
receive hereunder constitute adequate consideration to support this Agreement.

 

The claims that Mr.
Thomas is releasing, waiving, and otherwise relinquishing hereunder include all
of the rights to any relief from the Company including, but not limited to:

 

(a)                                  Any
and all of the rights he has now, including, but not limited to, rights as a
shareholder of the Company, whether he knows about such rights or not.

 

(b)                                 All
claims relating in any way to Mr. Thomas’ employment, including, but not
limited to, claims for discrimination and any other rights and claims under the
Age Discrimination in Employment Act (“ADEA”), Title VII of the federal Civil
Rights Act of 1964, as amended, the Minnesota Human Rights Act (“MHRA”), or any
other federal, state, or local civil rights laws.

 

5

 

(c)                                  All
claims arising out of Mr. Thomas’ separation from employment, including, but
not limited to, claims under the Employee Retirement Income Security Act of
1974 (“ERISA”), claims for breach of contract, breach of fiduciary duty, fraud,
fraud in the inducement, misrepresentation, defamation; infliction of emotional
distress; unlawful or wrongful termination of employment; and any other claims
for unlawful employment practices.

 

Notwithstanding the
provisions of this Mutual Release of Claims, Mr. Thomas does not, by signing
this Agreement, release or waive (1) any vested interest in any 401(k) or
pension plan by virtue of his employment, (2) any rights or claims that may
arise after it is signed other than the shareholder claims specifically noted
above, (3) the payments and benefits specifically promised to him under this
Agreement, (4) his stock option rights, and voting and other rights with
respect to continued ownership and sale of stock; and  (5) the right to institute legal action under
Section 14 for the purpose of enforcing the provisions of this Agreement.

 

7.                                       Other Agreements.

 

(a)                                  The
Company, its directors, officers and employees and agents, and Mr. Thomas will
refrain from disparaging each other. 
Each will represent, if asked, that their relationship ended mutually
and amicably, and wish each other the best in the future.

 

(b)                                 For purposes of the release of claims in this
Agreement “Mr. Thomas” means Mark B. Thomas, all and each of his past and
present heirs, representatives, executors, administrators, and any other person
who has or obtains legal rights through him. 
Further for purposes of this Agreement including the release of claims, “Company”
means Ballistic Recovery Systems, Inc., and all and each of its past and present
parent and subsidiary companies; and all and each of the past and present
officers, directors, shareholders, agents, employees, insurers, (other than
medical insurers) successors and assigns of any and all of the foregoing
entities, except that with respect to the provisions of Section 7(a),  “Company” means Ballistic Recovery Systems,
Inc., and all and each of its then present parent and subsidiary companies and
all and each of the present directors, 
officers and employees.

 

(c)                                  The Company shall indemnify Mr. Thomas as an
officer, director and employee to the fullest extent afforded by the Bylaws and
applicable law.  The Company’s
indemnification in this regard shall apply also to the Transition Period and
the services Mr. Thomas provides to the Company during the Transition Period.

 

(d)                                 The Company shall make the press release
attached as Exhibit A to this Agreement and all statements by the Company, its
officers, directors and employees regarding Mr. Thomas and by Mr. Thomas
regarding the Company, its officers, directors and employees shall be in
accordance with this press release.

 

8.                                       Mr. Thomas’ Rights to Counsel, Consider, Revoke
and Rescind.

 

Mr. Thomas represents that he was advised and
represented by counsel with respect to his separation from the Company and with
respect to this Agreement.

 

6

 

Mr. Thomas understands that he may take up to twenty
one (21) days to consider his waiver of age discrimination rights and claims
under the ADEA, beginning the Effective Date. 
He further understands that, if he signs this Agreement, he may revoke
his waiver of age discrimination rights and claims under the ADEA within seven
(7) days thereafter, and his waiver will not be effective or enforceable until
this seven-day period has expired.

 

Mr. Thomas further understands that he may rescind his
waiver of discrimination claims under the MHRA within fifteen (15) calendar
days after executing this Agreement.  To
rescind this waiver, he must put the rescission in writing and deliver it to
the Company by hand or mail within the 15-day period.  If he delivers the rescission by mail it must
be: Postmarked within fifteen (15) calendar days of the day on which he signs
this Agreement; addressed to the Company, c/o Robert Nelson, Chairman of the
Board of Directors, 300 Airport Road, South St. Paul, Minnesota  55075; and sent by certified mail, return
receipt requested.

 

If Mr. Thomas rescinds or
revokes his waivers as provide above, the Company’s obligations under this
Agreement will cease and the Company will owe him none of the payments and
benefits of this Agreement other than payments and benefits that would be owed
or provided even if he did not enter into this Agreement.

 

9.                                       Non-Admission.         The Company and Executive enter into this
Agreement expressly disavowing fault, liability and wrongdoing to the other,
liability at all times having been denied. 
Neither this Agreement, nor anything contained in it, shall be construed
as an admission by the Company or Executive of any liability, wrongdoing or
unlawful conduct whatsoever.  If this
Agreement is not executed, no term of this Agreement shall be deemed an
admission by the Company of any right Mr. Thomas may have with or against the
Company.

 

10.                                 Severability.  If
a court of competent jurisdiction invalidates any provision of this Agreement,
then all of the remaining provisions of this Agreement shall continue unabated
and in full force and effect.

 

11.                                 No Oral Modification.  This Agreement may not be changed orally.

 

12.                                 No Oral Waiver.  No breach of any provision hereof can be
waived by any undersigned party unless in writing.  Waiver of any one breach by an undersigned
party shall not be deemed to be a waiver of any other breach of the same or any
other provision hereof.

 

13.                                 Governing Law.  This Agreement shall be governed by the
substantive laws of the State of Minnesota without regard to conflicts of law
principles.

 

14.                                 Dispute Resolution.  Any dispute of any kind or nature resulting
or arising from this Agreement, the subject matter set forth herein or the
obligations of the parties pursuant to this Agreement shall be resolved by
binding arbitration before a single arbitrator mutually selected by the
parties, which arbitrator shall be a former judge of a Minnesota state court or
federal court sitting in Minnesota. 
Should the parties fail to agree on an arbitrator, the Company and
Executive shall apply to the Chief Judge of the Hennepin County District Court
for selection of an arbitrator. The arbitration shall be in accordance with the
commercial rules of the American Arbitration Association (“AAA”) then in
effect, however, the AAA shall not administer the

 

7

 

arbitration.  All disputes shall
be arbitrated in Minneapolis, Minnesota. 
The award rendered by the arbitrator shall be final and binding on the
parties and may be entered in any court having jurisdiction thereof.

 

15.                                 Counterparts.  This
Agreement may be executed in any number of counterparts, and each such
counterpart shall be deemed to be an original instrument, and all such
counterparts together shall constitute but one agreement.

 

8

 

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

 

 

	
   

  	
  AGREED:

  
	
   

  	
   

  
	
   

  	
  BALLISTIC
  RECOVERY SYSTEMS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /c/ Robert L.
  Nelson

  	
   

  
	
   

  	
   

  	
  Robert L.
  Nelson, Chairman of the Board

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /c/ Mark B.
  Thomas

  	
   

  
	
   

  	
  Mark B. Thomas

  

 

9Exhibit 10.2

 

INTERIM SERVICES AGREEMENT

 

This INTERIM SERVICES AGREEMENT is made effective as
of this 17th day of November, 2004 by and between Robert L. Nelson (“Mr. Nelson”) a Minnesota resident and
Ballistic Recovery Systems, Inc., a Minnesota corporation (“BRS”).

 

WHEREAS, BRS is
in the business of developing, testing, manufacturing and marketing whole
aircraft recovery parachute systems for use in the recreational and general
aviation markets and some unmanned aircraft; and

 

WHEREAS, BRS
wishes to engage Mr. Nelson to serve in the interim capacities of Chief
Executive Officer (“CEO”), Chief Financial Officer (“CFO”), Secretary and
President of BRS while it pursues a candidate (or candidates) to fill those
positions on a permanent basis; and

 

WHEREAS,
Mr. Nelson desires to serve in the interim capacities of CEO, CFO, Secretary
and President of BRS as an independent consultant to the company;

 

NOW, THEREFORE, for
good and valuable consideration, the receipt of which is hereby acknowledged,
the parties agree as follows:

 

1.                                       Interim
Services. Subject to all of the other terms and conditions contained
herein, BRS retains Mr. Nelson for the term set forth herein to perform the
functions of CEO, CFO, Secretary and President at the direction of the Board of
Directors (the “Services”).

 

2.                                       Term.  The term of this
Agreement shall be for a period of three months.  This Agreement shall automatically renew for
one additional term of three months unless otherwise agreed to in writing by
Mr. Nelson and BRS.

 

3.                                       Compensation.  As compensation for the Services rendered to BRS during the
term of this Agreement, BRS shall pay to Mr. Nelson a monthly consulting fee
equal to $11,000.00 per month (the “Consulting Fee”).  The Consulting Fee shall be payable monthly
within 15 days of month end, or at such other times and in such other manner as
BRS and Mr. Nelson shall agree.  The
Consulting Fee shall be in addition to and independent of any fees or
compensation owed to Mr. Nelson in his capacity as a director or Chairman of
BRS.

 

4.                                       Expenses.  BRS shall reimburse Mr. Nelson for the
reasonable and necessary expenses incurred in connection with performance of
the Services in accordance with the written policies and procedures of BRS
governing such expenses, upon presentation of appropriate vouchers for said
expenses, provided that BRS has approved such expenses in advance.

 

5.                                       Independent
Contractor Status.  This Agreement
calls for the Services of Mr. Nelson, as an independent contractor, therefore
the parties expressly agree that (a) their relationship is based on the
understanding that Mr. Nelson is an independent contractor and is not an
employee of BRS and no employment relationship is created hereby, (b) BRS shall
not provide Mr. Nelson with any fringe benefits in connection with the Services
provided hereunder, and (c) BRS has no responsibility for withholding taxes,
social security withholding, worker’s compensation

 

 

withholding, unemployment withholding or any similar taxes or charges
attributable to Mr. Nelson arising from compensation paid to Mr. Nelson
pursuant hereto.

 

6.                                       Indemnification.  Each party hereto shall indemnify and hold
the other party harmless from and against any and all losses, claims, damages,
liabilities, actions, causes of action, and the like arising directly or
indirectly from, or which are related to, such indemnifying party’s performance
under this Agreement.

 

7.                                       Miscellaneous.

 

(a)                                  This
Agreement may not be modified, rescinded, limited or amended except by a
written agreement signed by the parties hereto.

 

(b)                                 This
Agreement shall be interpreted and enforced in accordance with the laws of the
State of Minnesota, without regard to Minnesota law governing conflict of laws,
even if one or more of the parties hereto may be a resident of, or domiciled
in, any other state or country.

 

(c)                                  This
Agreement contains the entire understanding of the parties with regard to all
matters contained herein. This Agreement supersedes any prior agreements
relating to Mr. Nelson’s service as a consultant to BRS.

 

IN WITNESS WHEREOF, the
undersigned have executed this Agreement the day and year first above written.

 

	
   

  	
  BALLISTIC RECOVERY
  SYSTEMS,

  
	
   

  	
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Darrell Brandt

  
	
   

  	
   

  	
  Chairman of the Board of Directors

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Robert
  L. Nelson

  
						

 

2

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