Document:

SEPARATION AGREEMENT AND
MUTUAL GENERAL RELEASE

     

    This
SEPARATION AGREEMENT AND MUTUAL GENERAL RELEASE (hereinafter referred to as the
"Agreement" and/or "Separation Agreement") is made and entered into by and
between Steven Kane (hereinafter referred to as "Mr. KANE") and Patient Safety
Technologies, Inc. (hereinafter referred to as "PST").  (Mr. KANE and
PST are hereinafter collectively referred to as the
"Parties").  Certain additional releasing parties identified on the
signature page hereto as "Additional Parties" are deemed Parties on a several
not joint basis as to Sections 5, 7, 9, 11, 12, 13 and 19(b), (c), (d) (e), (f)
and (h) and no other Sections.

     

    RECITALS

     

    A.           Mr.
KANE was employed by PST from May 7, 2009 until the closing date of the
Company’s equity financing of at least $6 million (the "Separation
Date").

     

    B.           PST
and Mr. KANE are parties to a separate STOCK OPTION AGREEMENT, dated May 7, 2009
pursuant to which Mr. KANE has options to purchase 2,000,000 shares of PST
stock, of which 541,667 are currently vested will receive an extended vesting
period to the extent set forth in this Agreement.

     

    C.           PST
and Mr. KANE are also parties to a separate EMPLOYMENT AGREEMENT, dated May 7,
2009.

     

    D.           In
order to settle certain matters between the Parties, PST desires to provide Mr.
KANE with certain benefits, and Mr. KANE desires to accept such benefits, all on
the terms and conditions set forth below.

     

    E.           Mr.
KANE and the Additional Parties are willing to agree to certain elements of this
Agreement in consideration of the mutual covenants contained
herein.

     

    NOW,
THEREFORE, in consideration of the premises and promises herein contained, the
adequacy and receipt of which are hereby acknowledged by both Parties, the
Parties agree as follows:

     

    AGREEMENTS

     

    1.           Incorporation
of Recitals:  The foregoing
Recitals are hereby incorporated into this Agreement.

     

    2.           Effect of
Termination:  The Parties agree
that, as of the Separation Date, Mr. KANE not only ceased to be employed by PST
but also ceased to be a director of PST and ceased to hold any office or title,
including, but not limited to, that of Chief Executive Officer at
PST.

     

    
      
         

      

      
        Page 1 of
10

        
          

        

      

      
         

      

    

     

    
      
        3.           Separation
Benefits From PST:  The Parties agree
that:

      

    

     

    
      (a)           They
shall treat the termination of Mr. KANE's employment with PST as if it were a
termination "without Cause" on the Separation Date and Mr. KANE shall receive
the payments, continued vesting of options and benefits expressly provided for
in Section 4(a)(ii), Section 4(a)(iii)(2) and Section 4(a)(iii)(3) of the
EMPLOYMENT AGREEMENT, except that: (i) the
Parties waive any notice
otherwise required (including under Section 4(a)(i) of the EMPLOYMENT
AGREEMENT); and (ii) Mr. KANE expressly and knowingly waives permanently any
benefits, payments or rights he would otherwise have or receive under Sections
4(a)(iii)(1) [Bonus] and Section 6 [Excise Taxes] of his EMPLOYMENT AGREEMENT or
any board resolution, contract, plan or arrangement that otherwise provided for
or sought to implement the same.  The payments and benefits due under
this Section shall be paid commencing on the Separation Date and shall continue
to be subject to all of the terms and conditions of the EMPLOYMENT AGREEMENT,
including Section 4(a)(iv) thereof, it being understood that (i) this Separation
Agreement constitutes the “Release” described in the EMPLOYMENT AGREEMENT and
(ii) the severance payments owed under Section 4(a)(ii) of the EMPLOYMENT
AGREEMENT shall be payable in accordance with the Company’s standard payroll
practices.1  Mr.
KANE understands that treating the termination as if it were "without Cause" is
strictly a means of defining the rights and obligations of the Parties and shall
not be construed as evidence or admission of any wrongdoing.  Both PST
and Mr. KANE have agreed to make the election in the second sentence of Section
4(a)(iii)(2) of the EMPLOYMENT AGREEMENT to pay Mr. KANE cash in the amount of
$1,057 per month for 12 months, commencing on the Separation Date and payable
thereafter on the first of each month, in lieu of providing medical coverage and
other health and welfare benefits proportionately over the period in which
payments are made to Mr. KANE under Section 4(a)(ii) of the EMPLOYMENT AGREEMENT
(i.e., over the same twelve (12) month period).

    

     

    (b)           Mr.
KANE agrees and acknowledges that other than (i) an aggregate of the sum of (x)
$209,949 in accrued director/chairman of the board fees and unpaid chief
executive officer unpaid salary accrued prior to the last payroll date, (y)
cash-out of accrued vacation through the Separation Date (it being understood
that accrued vacation as of June 15, 2010 equaled $14,844) and (z) salary
accrued but unpaid since the last payroll date through the Separation Date
(collectively, the "Accrued Amounts"), and (ii) the amounts and benefits
provided for in Section 3(a) immediately above, PST does not and will not owe or
be obligated to pay, and Mr. KANE is not entitled to receive or claim, any
wages, compensation, reimbursement, bonus (for 2009, 2010 or any other period)
or other payments (including accrued but unused vacation and reimbursable
business-related expenses) from or on behalf of PST as of the date hereof (for
services rendered or otherwise) or as a result of the termination of Mr. KANE's
employment or his EMPLOYMENT AGREEMENT.

     

    (c)           On
the date hereof, the Accrued Amounts are being paid in cash, less any legally
required tax withholding, to Mr. KANE, and Mr. KANE acknowledges receipt in full
of the same.

     

    (d)           Other
than the vesting extension expressly contemplated by Section 4(a)(iii)(3) of the
EMPLOYMENT AGREEMENT, Mr. KANE shall not vest in any more PST
options.  The terms of the OPTION AGREEMENT shall otherwise remain in
full force and effect, except that the OPTION AGREEMENT is hereby deemed amended
as follows: the exercise period for any options vested as of the date hereof
shall be extended until close of business on April 30, 2011 after which time
such option may no longer be exercised, and the exercise period for any options
that vest pursuant to Section 4(a)(iii)(3) of the EMPLOYMENT AGREEMENT shall be
close of business on September 24, 2011, after which time such options may no
longer be exercised.  Mr. KANE acknowledges and agrees that, other
than the options granted to him under his OPTION AGREEMENT and that certain
warrant dated April 16, 2008 issued by PST to Mr. KANE (the “Warrant”), he is
not entitled to any equity interest in PST or any option or right with respect
to any such equity interest.

     

    
      
         

      

      
        Page 2 of
10

        
          

        

      

      
         

      

    

     

    (e)           Mr.
KANE specifically agrees that the consideration provided for in this Separation
Agreement is in lieu and full satisfaction of any and all payments, amounts,
benefits or consideration otherwise due to him, whether under the EMPLOYMENT
AGREEMENT or otherwise, and regardless of whether the terms of the EMPLOYMENT
AGREEMENT would (in the absence of this Agreement) require a greater payment or
amount and regardless of whether a "Change of Control" of the Company were
deemed to occur now or in the future.

     

    4.           Taxes:  Mr. KANE
acknowledges and agrees that PST has made no representations to him regarding
the tax consequences of any amounts, securities or benefits received by him
pursuant to this Agreement.  Mr. KANE also acknowledges that he is
solely responsible for payment of all taxes, state, federal and/or local, if
any, for which he may be liable on the amounts, securities or benefits he
receives pursuant to this Agreement.  He also agrees to indemnify and
hold harmless PST, and all of its employees, principals and agents, from and
against any and all loss, cost, damage, or expense, including, but not limited
to, attorney's fees incurred by any of them, arising out of his failure to pay
the taxes, if any, for which he is liable.

     

    
      5.          
Mutual
General Release Of Claims:

    

     

    (a)           As
a material inducement to PST to enter into this Agreement, Mr. KANE (on behalf
of himself, his heirs, and assigns) hereby releases and forever discharges PST
and its former, current, and future owners, officers, directors, trustees,
employees, agents, assigns, representatives, attorneys, insurers, the Additional
Parties, and all persons or entities acting by, through, under or in concert
with any of them (collectively "Releasees"), of and from any and all Claims (as
defined below) which Mr. KANE may have now or in the future arising from any act
or omission or condition arising prior to his signing this Agreement, including,
but not limited to, all claims under state, federal, or common law, whether
based in contract, tort, statute or otherwise, and including, but not limited
to, claims of discrimination and claims in any way related to Mr. KANE's
employment by PST or the termination of such employment or the actions of the
Additional Parties in connection with their Schedule 13D filing or in connection
with their transactions with PST.  Notwithstanding the foregoing, this
Section 5(a) does not release
Claims:  (a) that cannot lawfully be released by this Agreement, or
(b) relating to (i) Mr. KANE’s vested benefits pursuant to PST's 401k plan, (ii)
the agreements as to Mr. KANE's stock options as set forth herein, (iii) the
rights of the parties under (A) this Separation Agreement, (B) the Warrant or
(C) that certain Indemnification Agreement dated June 1, 2010 (the
“Indemnification Agreement”); it being understood that the Warrant and
Indemnification Agreement shall remain in full force and effect notwithstanding
this Separation Agreement.  “Claims” means:  liabilities,
claims, obligations, promises, agreements, demands, damages, actions, charges,
complaints, costs, losses, debts and expenses (including attorney's fees and
costs actually incurred), and causes of action of every kind, known or unknown,
disclosed or undisclosed, matured or unmatured.

     

    
      
         

      

      
        Page 3 of
10

        
          

        

      

      
         

      

    

     

    
      (b)           As
a material inducement to Mr. KANE to enter into this Agreement, PST and each
Additional Party (severally and not jointly with PST), each on behalf of
themselves, their respective former, current, and future owners, officers,
directors, trustees, employees, agents, assigns, successors, affiliates,
representatives, attorneys, insurers, and all persons or entities acting by,
through, under or in concert with any of them (collectively, the “PST Releasing
Parties”), hereby releases and forever
discharges Mr. KANE (and his heirs and assigns), of and from any and all Claims
which a PST Releasing Party may have now or in the future arising from any act
or omission or condition arising prior to his signing this Agreement, including,
but not limited to, all claims under state, federal, or common law, whether
based in contract, tort, statute or otherwise and claims in any way related to
Mr. KANE's services to PST.  Notwithstanding the foregoing, this
Section 5(b) does not release Claims: (a)that cannot lawfully be released by
this Agreement or (b) the rights of the parties under (A) this Separation
Agreement, (B) the Warrant or (C) the Indemnification Agreement.  For
the avoidance of doubt the terms and conditions of the Indemnification Agreement
shall be applied without being affected by the release of Claims set forth in
this Agreement.

    

     

    (c)           Each
of the Parties and Additional Parties, each on behalf of themselves, their
respective former, current, and future owners, officers, directors, trustees,
employees, agents, assigns, successors, affiliates, representatives, attorneys,
insurers, and all persons or entities acting by, through, under or in concert
with any of them, represents and warrants that such person has not assigned or
transferred any of the Claims which are being released by such person
hereunder.

     

    6.           No
Complaints:  Mr. KANE
represents that he has not filed any complaints, charges, claims, or actions
against any Releasees with any state, federal, or local agency or court or any
other forum.  He further represents and acknowledges that he waives
any right to any monetary recovery or other relief should the Equal Employment
Opportunity Commission or any other state or local fair employment practices
agency pursue any such Claims on his behalf.

     

    7.           Waiver Of
Unknown Claims:  The Parties
understand and agree that the released Claims include not only Claims presently
known to the Parties but also include all unknown or unanticipated
Claims.  The Parties knowingly and voluntarily waive any and all
rights or benefits that they may now have, or in the future may have, under the
terms of Section 1542 of the California Civil Code, which provides as
follows:

     

               A general release does not extend to
claims which the creditor does not know or suspect to exist in his or her favor
at the time of executing the release, which if known by him or her must have
materially affected his or her settlement with the debtor.

     

    
      8.          
Confidential/Proprietary
Information:  As of the fifth
day after the Separation Date, Mr. KANE
shall have returned to PST all keys, computers, and credit cards belonging to
PST and any other property belonging to PST, including intellectual property and
other proprietary information.  Such property includes, but is not
limited to, all computer files, documents, letters, notes, programs, software,
media, photographs, lists, manuals, records, notebooks, and similar repositories
containing "Confidential Information," including all copies thereof, whether
prepared by Mr. KANE or others.  Mr. KANE agrees not, directly or
indirectly, to use, disseminate, disclose, lecture upon, or publish articles
concerning any Confidential Information, unless specifically authorized in
writing by the Board of Directors of PST.  The term "Confidential
Information" means all of the valuable, confidential, and proprietary financial,
technical, economic, and/or other types of proprietary information relating to
PST in whatever form, whether oral, written, or electronic, to which Mr. KANE
has, or is given (or has had or been given), access as a result of his work for
PST.  Such Confidential Information includes, without limitation,
non-public information regarding PST's plans, programs, systems, software,
accounting, financial affairs, personnel, and operations, and specifically
includes PST's customers' contact information, preferences, and financial
information.  This restriction shall not apply to any information that
(a) becomes known generally to the public through no fault of Mr. KANE; (b) is
required by applicable law, legal process, or any order or mandate of a court or
other governmental authority to be disclosed; or (c) is reasonably believed by
Mr. KANE, based upon the advice of legal counsel, to be required to be disclosed
in defense of a lawsuit or other legal or administrative action brought against
Mr. KANE; provided, that in the
case of clauses (b) or (c) above, Mr. KANE shall, to the extent reasonably
practicable, give the Chief Executive Officer of PST reasonable advance written
notice of the Confidential Information intended to be disclosed and the reasons
and circumstances surrounding such disclosure, in order to permit PST to seek a
protective order or other appropriate request for confidential treatment of the
applicable Confidential Information.

    

     

    
      
         

      

      
        Page 4 of
10

        
          

        

      

      
         

      

    

     

    Mr. KANE
also agrees not to:  (1) use Confidential Information (including, but
not limited to, generally unavailable information regarding PST personnel,
including their compensation or performance record, whether in writing or not)
to solicit or attempt to solicit, or knowingly permit anyone under his authority
or control to solicit or attempt to solicit, any of PST's employees, agents or
consultants to terminate their relationship with PST; or (2) use Confidential
Information (including, but not limited to, generally unavailable information
regarding PST customers, including their contact information, their preferences,
or their financial information, whether in writing or not) to solicit or attempt
to solicit, or knowingly permit anyone under his authority or control to solicit
or attempt to solicit, any of PST's customers or their businesses, with whom he
become acquainted solely due to his employment, to do business like the business
they now do with PST.  Mr. KANE agrees that this provision contains
restrictions that are not greater than necessary to protect the interests of
PST.

     

    Mr. KANE
acknowledges that he remains bound by any proprietary and/or confidential
information agreement, or non-competition/non-solicitation agreement signed by
him in conjunction with his employment by PST except to the extent, if any, that
such agreement conflicts herewith (it being understood that additional or more
stringent restrictions in such agreements are not conflicts), in which case this
Agreement shall control.

     

    9.           Non-Disparagement:  For a period of
two years after the Separation Date, Mr. KANE agrees that he will not disparage
PST or any of the other Releasees in connection with any matter related to
PST.  For a period of two years after the Separation Date, PST and the
Additional Parties, each on behalf of themselves, their respective former,
current, and future owners, officers, directors, trustees, employees, agents,
assigns, successors, affiliates, representatives, attorneys, insurers, and all
persons or entities acting by, through, under or in concert with any of them,
agrees that it will not disparage Mr. KANE in connection with any matter related
to PST.  Notwithstanding anything to the contrary, this Section 9 does
not prevent or limit a party from giving truthful testimony or other legally
compelled disclosure.  Either party shall be free to disclose that Mr.
KANE's service to the Company as Chief Executive Officer ended on the Separation
Date on a mutually agreeable basis.

     

    10.       
 No Future
Employment:  Mr. KANE hereby
waives any right he may have to reinstatement or future employment by PST, and
Mr. KANE agrees not to seek such employment and not to perform any work for PST
unless such restrictions are cancelled or modified by mutual
consent.  Until the 60th day
following the Separation Date, Mr. KANE does agree, however, to be reasonably
available by telephone to answer reasonable questions of PST relating to an
orderly transition of his work.

     

    
      
         

      

      
        Page 5 of
10

        
          

        

      

      
         

      

    

    11.         Indemnification
And Forfeiture In The Event Of Breach:  Each of the
Parties and Additional Parties, each on behalf of themselves, their respective
former, current, and future owners, officers, directors, trustees, employees,
agents, assigns, successors, affiliates, representatives, attorneys, insurers,
and all persons or entities acting by, through, under or in concert with any of
them, agrees to indemnify and hold the other harmless from and against any and
all loss, cost, damage or expense, including but not limited to attorney's fees
incurred by the other, arising out of any breach of this Agreement or false
representation herein by the indemnifying party.

     

    12.      
 No
Admission Of Liability:  Each of the
Parties and Additional Parties, each on behalf of themselves, their respective
former, current, and future owners, officers, directors, trustees, employees,
agents, assigns, successors, affiliates, representatives, attorneys, insurers,
and all persons or entities acting by, through, under or in concert with any of
them, acknowledges and agrees in good faith that this Agreement shall never at
any time or for any purpose be considered as an admission of liability or
responsibility on the part of any party to this Section or its
affiliates.

     

    13.      
 No
Reliance On Other Representations:  Mr. KANE
represents and acknowledges that in executing this Agreement, he does not rely
and has not relied upon any representation or statements made by any of the
Releasees with regard to the subject matter, basis, or effect of this Agreement
or otherwise beyond those expressly contained herein.  Mr. KANE
represents that he has carefully read and fully understands all provisions of
this Agreement, and that he is voluntarily entering into this Agreement after
adequate time to consider its terms.

     

    14.      
 Confidentiality:  Except as
required by law or court order or to enforce its terms, Mr. KANE agrees that he
will keep, and has kept, the terms of this Separation Agreement and Release
confidential except for communications with his immediate family members,
attorneys and other persons who have a need to know the terms of the Agreement
in order to comply with its provisions or provide legal or tax
advice.  Mr. KANE understands and agrees that all persons who are
provided such information must be advised of the confidentiality of the
information and required to comply with the terms of this
Section.  Should Mr. KANE ever be subpoenaed or otherwise called upon
to testify or disclose the terms or amount of this Separation Agreement and
Release, he agrees to immediately notify the Board of Directors of PST and to
resist disclosure until PST has had a reasonable opportunity of not less than
ten (10) days to object or take other action to protect its
interests.  Notwithstanding the foregoing, the Parties all acknowledge
that the Company is entitled to and expect to file this Agreement with the SEC
on a Current Report on Form 8-K or other appropriate SEC form or
report.

     

    15.       
 Acknowledgements:  Mr. KANE
acknowledges that, other than the Accrued Amounts that are being paid on the
date hereof, he has received timely payment in full for all compensation (of any
sort, including, but not limited to, wages and vacation) earned by him during
him employment with PST, and for all reimbursement of expenses (of any sort)
incurred by him during him employment with PST and for which reimbursement would
be required.  Mr. KANE also acknowledges that he has no work-related
injury, illness, disease, or condition, and that he has not been unlawfully
denied any family or medical leave or otherwise subjected to unlawful
interference in that regard.  Mr. KANE further acknowledges that it is
his intent and understanding that he is entitled to no severance or separation
benefits other than as expressly provided for in this Agreement.

     

    
      
         

      

      
        Page 6 of
10

        
          

        

      

      
         

      

    

    16.       
 Right to
an Attorney, Time to Consider, Revocation. Mr. KANE acknowledges and
agrees that he was provided twenty-one (21) days to consider this Agreement and
to consult with counsel and PST has advised Mr. KANE of his right to do so. To
the extent that Mr. KANE has taken less than twenty-one (21) days to consider
this Agreement, he acknowledges that he has had sufficient time to consider the
Agreement and to consult with counsel and that he did not desire additional
time.  This Agreement will become effective on the Separation Date,
provided, however, that for 7 calendar days following the Separation Date, Mr.
KANE may revoke this Agreement by notifying the undersigned representative of
PST in writing by registered letter.  In the event of such revocation,
this Agreement shall be deemed rescinded and the parties hereto shall be placed
back as closely as possible to their positions prior to entering into this
Agreement.  No other signatory hereto may revoke this
Agreement.

     

    17.       
 Standstill.  Mr. KANE shall
not, alone or with any "group," for the 18 months following the date hereof,
directly or indirectly, acquire "beneficial ownership" of any securities of PST
constituting (including upon conversion or exercise of such securities) more
than 1% of the total outstanding shares of PST, where "group" and "beneficial
ownership" are as defined in Section 13(d) of the Securities Act of 1934 and the
rules promulgated pursuant thereto.  For purposes of this Section 17,
any securities Mr. KANE acquires through exercise of options held on the date
hereof shall be disregarded.  In addition, during such 18 month
period, Mr. KANE shall not, directly or indirectly, participate in any
solicitation of proxies in regard to PST.

     

    18.       
 Insurance.  In
addition to any other obligation under Mr. KANE's Indemnification Agreement with
PST, PST agrees and covenants that for a period of no less than four years
following the Separation Date (the "Coverage Period"), PST shall maintain in
full force and effect for the benefit of each Director (including Mr. KANE) as a
named insured Director & Officer Liability Insurance on terms and conditions
(including but not limited to policy limits, deductibles, scope of coverage and
the like with a financially sound insurance carrier) no less favorable as such
insurance is currently in effect as of the Separation Date.

     

    19.       
 Miscellaneous:  In further
consideration of this Agreement, Mr. KANE and PST agree as follows:

     

    (a)           The
terms mentioned in the preceding paragraphs of this Agreement are the entire and
only consideration for it, and each of the Parties shall be responsible for
payment of his or its own attorney's fees, costs, and legal expenses, if any;
provided that the prevailing party in any dispute arising out of or related to
this Agreement shall be entitled to collect its costs and expenses (including
attorneys’ fees) from the non-prevailing party(ies);

     

    (b)           The
language of all parts of this Agreement shall in all cases be construed as a
whole, according to its fair meaning, and not strictly for or against any of the
Parties;

     

    (c)           This
Agreement is entered into in the State of California and shall be construed and
interpreted in accordance with its law;

     

    (d)           The
various provisions of this Agreement are severable and if any is unenforceable,
at law or in equity, that provision may be severed, leaving the others remaining
in full force and effect;

     

    
      
         

      

      
        Page 7 of
10

        
          

        

      

      
         

      

    

    (e)           Headings
contained in this Agreement are for convenience only and shall not be considered
for any purpose in construing the Agreement;

     

    (f)           This
Agreement may only be modified by a written agreement identified as an
amendment/modification to this Agreement and signed by the Parties hereto;
and

     

    (g)           The
entirety of the STOCK OPTION AGREEMENT, EMPLOYMENT AGREEMENT, Warrant and
Indemnification Agreement, as may have been modified by this Agreement, are
incorporated herein by reference and shall survive the execution of this
Agreement.

     

    (h)           This
Agreement and the documents referenced herein contain the entire agreement
between the Parties to it with regard to the matters set forth in it and shall
be binding upon and inure to the benefit of the executors, administrators,
personal representatives, heirs, successors and assigns of each.  This
Agreement fully supersedes any and all negotiations, and all prior written,
oral, or implied agreements or understandings between the Parties pertaining to
the subject matters hereof.

     

    (i)           This
Agreement may be executed in one or more counterparts (including by means of
telecopied or electronic signature pages), all of which shall be considered one
and the same agreement, and shall become effective when one or more such
counterparts have been signed by each of the parties hereto and delivered to the
other party hereto.

     

    PLEASE
READ CAREFULLY.  THIS SEPARATION AGREEMENT AND GENERAL RELEASE
INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

    

    
      
        	
                DATED:

              	
                  

              	 
      	
                  

              
	 
      	 
      	 
      	
                Steven
      Kane

              
	 
      	 
      	 
      	 
      
	
                DATED:

              	
                  

              	 
      	
                PATIENT
      SAFETY TECHNOLOGIES, INC.

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                By:

              	
                  

              
	 
      	 
      	 
      	 
      	
                Authorized
      Signatory

              
	 
      	 
      	 
      	 
      
	
                [Signatures
      continued]

              	 
      

      

    

     

    
      
         

      

      
        Page 8 of
10

        
          

        

      

      
         

      

    

    
 

    Additional
Parties to Separation Agreement: Sections 5, 7, 9, 11, 12, 13 and 19(b), (c),
(d) (e), (f) and (h) only:

    

    
      	
              DATED:

            	
                

            	 
      	
              John
      P. Francis

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                

            
	 
      	 
      	 
      	
              John
      P. Francis

            
	 
      	 
      	 
      	 
      
	
              DATED:

            	
                

            	 
      	
              Brian
      Stewart

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                

            
	 
      	 
      	 
      	
              Brian
      Stewart

            
	 
      	 
      	 
      	 
      
	
              DATED:

            	
                

            	 
      	
              Wenshen
      Lin

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                

            
	 
      	 
      	 
      	
              Wenshen
      Lin

            
	 
      	 
      	 
      	 
      
	
              DATED:

            	
                

            	 
      	
              Radisson
      Trading Company

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              By:

            	
                

            
	 
      	 
      	 
      	 
      	
              Authorized
      Signatory

            
	 
      	 
      	 
      	 
      
	
              DATED:

            	
                

            	 
      	
              A
      Plus International, Inc.

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              By:

            	
                

            
	 
      	 
      	 
      	 
      	
              Authorized
      Signatory

            
	 
      	 
      	 
      	 
      
	
              DATED:

            	
                

            	 
      	
              Catalysis
      Partners, LLC

            
	 
      	 
      	 
      	
              by
      Francis Capital Management, LLC

            
	 
      	 
      	 
      	
              by:
      John Francis, Managing Member

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              By:

            	
                

            
	 
      	 
      	 
      	 
      	
              Authorized
      Signatory

            

    

     

    
      
         

      

      
        Page 9 of
10

        
          

        

      

      
         

      

    

    
 

    
      	
              DATED:

            	
                

            	 
      	
              Catalysis
      Offshore, Ltd.

            
	 
      	 
      	 
      	
              by
      Francis Capital Management, LLC

            
	 
      	 
      	 
      	
              by:
      John Francis, Managing Member

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              By:

            	
                

            
	 
      	 
      	 
      	 
      	
              Authorized
      Signatory

            
	 
      	 
      	 
      	 
      
	
              DATED:

            	
                

            	 
      	
              Francis
      Capital Management, LLC

            
	 
      	 
      	 
      	
              by:
      John Francis, Managing Member

            
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              By:

            	
                

            
	 
      	 
      	 
      	 
      	
              Authorized
      Signatory

            

    

     

    
      
         

      

      
        Page 10
of 10SEPARATION AGREEMENT AND
MUTUAL GENERAL RELEASE

     

    This
SEPARATION AGREEMENT AND MUTUAL
GENERAL RELEASE (hereinafter referred to as the “Agreement” and/or
“Separation Agreement”) is made and entered into between and among Howard Chase
(“Chase”), Loren McFarland (“McFarland”), William Hitchcock (“Hitchcock”) and
Eugene Bauer (“Bauer”) (collectively, Chase, McFarland, Hitchcock and Bauer, the
“Director Parties” and each individually also a “Director” ), Patient Safety
Technologies, Inc., a Delaware corporation (“PST”) and those stockholders set
forth on the signature pages hereto (collectively, the “Stockholder Parties” and
the Stockholder Parties, the Director Parties and PST, the “Parties” and each a
“Party”).

     

    RECITALS

     

    A.          The
Directors are Directors of PST.

     

    B.   
       The Directors have performed significant
services and contributions to PST during their tenure as Directors of
PST.

     

    C.           The
Directors have participated in the review and approval process related to a
Series B Preferred Stock financing of PST (the “Financing”) by certain
investors, including several Stockholder Parties.

     

    D.          At
the Closing of the Financing (the “Closing”), the Directors are resigning as
Directors of PST.

     

    E.           In
connection with the Financing, the Parties desire to enter into this Separation
Agreement and Mutual General Release to facilitate the Financing and provide for
a smooth transition.

     

    NOW,
THEREFORE, in consideration of the premises and promises herein contained, the
adequacy and receipt of which are hereby acknowledged by all Parties, the
Parties agree as follows (except where this Agreement provides that an agreement
is only of a specific Party):

     

    AGREEMENTS

     

    1.  Incorporation
of Recitals:  The foregoing
Recitals are hereby incorporated into this Agreement.

     

    2.  Mutual
General Release Of Claims: Each of the Parties  hereby
releases the other as follows:

     

    (a)       
 Except with respect to, and in connection with, the enforcement of a
Party's rights and representations and warranties under the provisions of this
Agreement, effective as of the Closing, each of the Stockholders Parties and
separately, PST, each on its own respective behalf and on behalf of its
respective heirs, administrators, executors, predecessors, successors and
assigns, does hereby and forever release and discharge each of the Director
Parties, and each of their respective heirs, administrators, executors,
successors, assigns, affiliates, representatives, agents, servants, employees,
shareholders, partners, directors, insurers, predecessors in interest, attorneys
and accountants (collectively, the "Director Released Parties"), of and from any
and all present and future obligations (accrued or unaccrued), claims, demands,
actions, causes of action, indebtedness, liabilities, agreements, damages, or
losses of any type, kind or character, whether known or unknown, asserted or
which could have been asserted, suspected or unsuspected, fixed or contingent,
which directly or indirectly relate to, arise out of, or are in any way
connected with any act or omission taken or occurring on or at any time prior
to, the Closing directly or indirectly related to or involving or arising out of
PST in any manner (collectively, the "Director Released Claims").
Notwithstanding the foregoing, this Section 2(a) does not release or
discharge (a) Director Released Claims that cannot lawfully be released by this
Agreement or (b) the Indemnification Agreements (defined below). For the
avoidance of doubt, the terms and conditions of the Indemnification Agreements
shall be applied without being affected by the release of the Released Claims
set forth in this Agreement..

     

    
      
         

      

      
        Page 1 of
8

        
          

        

      

      
         

      

    

    (b)         Except
with respect to, and in connection with, the enforcement of a Party's rights and
representations and warranties under the provisions of this Agreement, effective
as of the Closing, each of the Director Parties, on its own behalf and on behalf
of its heirs, administrators, executors, predecessors, successors and assigns,
does hereby and forever release and discharge PST and each of the Stockholder
Parties, and each of their respective heirs, administrators, executors,
successors, assigns, affiliates, representatives, agents, servants, employees,
shareholders, partners, directors, insurers, predecessors in interest, attorneys
and accountants (collectively, the "Stockholder Released Parties"), of and from
any and all present and future obligations (accrued or unaccrued), claims,
demands, actions, causes of action, indebtedness, liabilities, agreements,
damages, or losses of any type, kind or character, whether known or unknown,
asserted or which could have been asserted, suspected or unsuspected, fixed or
contingent, which directly or indirectly relate to, arise out of, or are in any
way connected with any act or omission taken or occurring on or at any
time  prior to, the Closing which are directly or indirectly related
to or involving or arising out of PST in any manner (collectively, the
"Stockholder Released Claims").  Notwithstanding the foregoing, this
Section 2(b) does not release or discharge (a) Stockholder Released Claims that
cannot lawfully be released by this Agreement nor (b) the Indemnification
Agreements dated June 1, 2010, by and between PST and each Director (the
“indemnification Agreements”); it being
understood that the Indemnification Agreements shall remain in full force and
effect notwithstanding this Separation Agreement nor (c) any indemnification
obligations under PST’s charter documents (Bylaws/Certificate of Incorporation)
nor (d) any obligation of PST or its insurance carriers to provide insurance
coverage or accept and defend indemnification claims nor (e) the stock options
or cash compensation to which each Director is entitled as set forth elsewhere
in this Agreement.

     

    3.  No
Complaints/Covenant Not To Sue/Acknowledgment:  Each Party each
represent that they have not filed any complaints, charges, claims, or actions
against any of the other Parties related to the subject matter of this Agreement
with any state, federal, or local agency or court or any other forum. Except
with respect to, and in connection with, the enforcement of a Party's rights
under the provisions of this Agreement, all Parties to this Agreement covenant
and agree never to commence, voluntarily aid in any way or prosecute any action
or proceeding based upon each Party’s respective Released Claims.  If
any such action or proceeding is commenced, this Agreement may be pleaded as a
full and complete defense thereto. Each
Party represents that it has been represented by independent legal counsel of
its own choice in connection with the negotiation and execution of this
Agreement and has had adequate opportunity to undertake whatever due diligence
or investigation it deemed necessary to enter into this Agreement. Each
represents that it is not relying and has not relied on any representation,
warranty or statement made by any other Released Party with respect to the facts
relating to the subject matter of this Agreement except as expressly set forth
in this Agreement and assumes the risk of any mistake of fact relating to the
subject matter of this Agreement or with regard to any of the facts which are
now unknown to them relating thereto, and to no such representation, warranty,
statement or mistake with respect to the facts relating to the subject matter of
this Agreement may be utilized as the basis of or offered as evidence to support
any future claim among or between any of the Released Parties. Each Party
represents and warrants that it has the right and authority to enter into and
execute this Agreement.

     

    
      
         

      

      
        Page 2 of
8

        
          

        

      

      
         

      

    

    4.  Waiver Of
Unknown Claims:  The Parties
understand and agree and each has been advised by legal counsel that the
Released Claims include not only claims presently known to the Parties but also
include all unknown or unanticipated claims.  The Parties knowingly
and voluntarily waive any and all rights or benefits that they may now have, or
in the future may have, under the terms of Section 1542 of the California Civil
Code (and all statutory and common law equivalents thereof), which provides as
follows:

     

    A
general release does not extend to claims which the creditor does not know or
suspect to exist in his or her favor at the time of executing the release, which
if known by him or her must have materially affected his or her settlement with
the debtor.

     

    5.  Non-Disparagement:  For a period of
two years after the Closing, each of the Director Parties agrees that he will
not disparage any of the Stockholder Parties or PST in connection with the
subject matter of this Agreement.  For a period of two years after the
Closing, each of PST and the Stockholders Parties agrees that it will not
disparage any of the Director Parties in connection with the subject matter of
this Agreement.  Brian Stewart confirms the preceding sentence
prohibits disparagement by him directly or
indirectly.  Notwithstanding the foregoing, this Section 5 does not
prevent or limit a Party from giving truthful testimony or other legally
compelled disclosure.

     

    6.  Indemnification
And Forfeiture In The Event Of Breach:  Each of the
Parties hereto agrees to indemnify and hold the other harmless from and against
any and all loss, cost, damage or expense, including but not limited to
attorney’s fees incurred by the other, arising out of any breach of this
Agreement or false representation herein by the indemnifying Party.

     

    7.  No
Admission Of Liability:  Nothing in this
Agreement constitutes an admission of liability, responsibility or the merit
or  lack of merit of any claim or defense on the part of any Party
except for the contractual obligations expressly set forth in this
Agreement.

     

    8.  Director
Stock Options:  Effective as of
the Closing, PST agrees that each of the Director’s stock options pursuant to
their respective Stock Option Agreements (as amended hereunder) shall provide as
follows:

     

    (a)         Howard
Chase – PST acknowledges that all 200,000 “Option Shares” under Chase’s June 22,
2009 Option Agreement with PST (the “Chase Option Agreement”) are fully vested
(the “Chase Vested Options”). Notwithstanding Section 5 of the Chase Option
Agreement, Section 5.1(a) is hereby amended to provide that the exercisability
of such Chase Option Shares and the term thereof shall not expire until June 30,
2012 and PST acknowledges that Chase’s resignation was voluntary and other than
for “cause” (as defined under the Chase Option Agreement). Section 1 and Section
5.1(b) of the Chase Option Agreement are hereby terminated and of no further
force or effect. PST shall maintain the registration of the Chase Vested Options
under PST’s S-8 Registration Statement filed with the SEC on February 16, 2010
(or any substitute S-8 Registration Statement), in full force and effect so long
as any securities are registered under any PST S-8 Registration Statement (or
comparable form).  Chase acknowledges and agrees that other than the
options referenced in this paragraph he has no other options or similar rights
to acquire equity of PST and PST owes him no additional equity or rights, and
that any other options he may have shall terminate and shall cease vesting on
the Closing.

     

    
      
         

      

      
        Page 3 of
8

        
          

        

      

      
         

      

    

    (b)         Loren
McFarland – PST acknowledges that all 200,000 “Option Shares” under McFarland’s
June 22, 2009 Option Agreement with PST (the “McFarland Option Agreement”) are
fully vested (the “McFarland Vested Options”). Notwithstanding Section 5 of the
McFarland Option Agreement, Section 5.1(a) is hereby amended to provide that the
exercisability of such McFarland Option Shares and the term thereof shall not
expire until June 30, 2012 and PST acknowledges that McFarland’s resignation was
voluntary and other than for “cause” (as defined under the McFarlan Option
Agreement). Section 1 and Section 5.1(b) are hereby terminated and of no further
force or effect. PST shall maintain the registration of the McFarland Vested
Options under PST’s S-8 Registration Statement filed with the SEC on February
16, 2010 (or any substitute S-8 Registration Statement), in full force and
effect so long as any securities are registered under any PST S-8 Registration
Statement (or comparable form).  McFarland acknowledges and agrees
that other than the options referenced in this paragraph he has no other options
or similar rights to acquire equity of PST and PST owes him no additional equity
or rights, and that any other options he may have shall terminate and shall
cease vesting on the Closing.

     

    (c)         William
Hitchcock – PST acknowledges and agrees that 50,000 “Option Shares” under
Hitchcock’s January 26, 2010 Option Agreement with PST (the “Hitchcock Option
Agreement”) shall be fully vested as of the Closing (the “Hitchcock Vested
Options”) notwithstanding anything to the contrary under the Hitchcock Option
Agreement. Notwithstanding Section 4 of the Hitchcock Option Agreement, Section
4.1(a) is hereby amended to provide that the exercisability of such Hitchcock
Option Shares and the term thereof shall not expire until June 30, 2012 and PST
acknowledges that Hitchcock’s resignation was voluntary and other than for
“cause” (as defined under the Hitchcock Option Agreement). Section 4.1(b) is
hereby terminated and of no further force or effect. PST shall maintain the
registration of the Vested Options under PST’s S-8 Registration Statement filed
with the SEC on February 16, 2010 (or any substitute S-8 Registration
Statement), in full force and effect so long as any securities are registered
under any PST S-8 Registration Statement (or comparable form). Hitchcock
acknowledges and agrees that other than the options referenced in this paragraph
he has no other options or similar rights to acquire equity of PST and PST owes
him no additional equity or rights, and that any other options he may have shall
terminate and shall cease vesting on the Closing.

     

    (d)         Eugene
Bauer – PST acknowledges and agrees that 50,000 “Option Shares” under Bauer’s
January 26, 2010 Option Agreement with PST (the “Bauer Option Agreement”) shall
be fully vested as of the Closing (the “Bauer Vested Options”) notwithstanding
anything to the contrary under the Bauer Option Agreement. Notwithstanding
Section 4 of the Bauer Option Agreement, Section 4.1(a) is hereby amended to
provide that the exercisability of such Bauer Option Shares and the term thereof
shall not expire until June 30, 2012 and PST acknowledges that Bauer’s
resignation was voluntary and other than for “cause” (as defined under the Bauer
Option Agreement). Section 4.1(b) is hereby terminated and of no further force
or effect. PST shall maintain the registration of the Vested Options under PST’s
S-8 Registration Statement filed with the SEC on February 16, 2010 (or any
substitute S-8 Registration Statement), in full force and effect so long as any
securities are registered under any PST S-8 Registration Statement (or
comparable form).  Bauer acknowledges and agrees that other than the
options referenced in this paragraph he has no other options or similar rights
to acquire equity of PST and PST owes him no additional equity or rights, and
that any other options he may have shall terminate and shall cease vesting on
the Closing.

     

    9.  Director
Cash Compensation:  At the Closing,
PST shall deliver to each Director by cashier’s check or wire transfer as
instructed by each Director in immediately available funds the following amounts
as indicated next to each Director’s name below, less legally required tax
withholding:

     

    (a)         Howard
Chase – $83,488

     

    (b)         Loren
McFarland – $64,912

     

    
      
         

      

      
        Page 4 of
8

        
          

        

      

      
         

      

    

    (c)         William
Hitchcock – $10,025 

     

    (d)         Eugene
Bauer – $10,025

     

    Each
Director agrees and acknowledges that other than the payment set forth opposite
his respective name immediately above, PST does not and will not owe or be
obligated to pay, and such Director is not entitled to receive or claim, any
wages, directors fees, compensation, reimbursement, bonus (for 2009, 2010 or any
other period) or other payments (including accrued but unused vacation and
reimbursable business-related expenses) from or on behalf of PST as of the date
hereof (for services rendered or otherwise) or as a result of the ending of such
Directors directorship or services to PST or in connection with any agreement he
may have with PST.

     

    10.   PST
Obligations:

     

    In
addition to any other obligation under each Director’s Indemnification Agreement
with PST, PST agrees and covenants that for a period of no less than four years
following the Closing (the “Coverage Period”), PST shall maintain in full force
and effect for the benefit of each Director as a named insured Director &
Officer Liability Insurance on terms and conditions (including but not limited
to policy limits, deductibles, scope of coverage and the like with a financially
sound insurance carrier) no less favorable as such insurance is currently in
effect as of the Closing.

     

    11. Miscellaneous:  In further
consideration of this Agreement, each Party agrees as follows:

     

    (a) The terms mentioned in the
preceding paragraphs of this Agreement are the entire and only consideration for
it;

     

    (b) The language of all parts
of this Agreement shall in all cases be construed as a whole, according to its
fair meaning, and not strictly for or against any of the Parties. The
Parties hereto and their counsel have reviewed this Agreement and specifically
agree that any rule of construction, to the effect that ambiguities are to be
resolved against the drafting party, shall not apply to the interpretation of
this Purchase Agreement. All Parties acknowledge and agree (and waive any
conflicts) that Reed Smith LLP as the current counsel for PST has likewise
advised and counseled the Directors in connection with this
Agreement.

     

    (c) This
Agreement shall be governed by and construed in accordance with the internal
laws of the State of California without application of conflicts of law
principles;

     

    (d) The various provisions of
this Agreement are severable and if any is unenforceable, at law or in equity,
that provision may be severed, leaving the others remaining in full force and
effect;

     

    (e) Headings contained in this
Agreement are for convenience only and shall not be considered for any purpose
in construing the Agreement;

     

    (f) This Agreement may only be
modified by a written agreement identified as an amendment/modification to this
Agreement and signed by the Parties hereto; and

     

    (g) The representations,
warranties, covenants and agreements made herein shall survive the execution and
delivery of this Agreement. The entirety of the Stock Option Agreements and
Indemnification Agreements, as such may be modified by this Agreement, are
incorporated herein by reference and shall survive the execution of this
Agreement.

     

    
      
         

      

      
        Page 5 of
8

        
          

        

      

      
         

      

    

    (h) This Agreement contains
the entire agreement between the Parties to it with regard to the matters set
forth in it and shall be binding upon and inure to the benefit of the executors,
administrators, personal representatives, heirs, successors and assigns of
each.  This Agreement fully supersedes any and all negotiations, and
all prior written, oral, or implied agreements or understandings between the
Parties pertaining to the subject matters hereof.

     

    (i) In
the event of any suit or other proceeding to construe or enforce any provision
of this Agreement or any other instrument to be entered into pursuant hereto, or
otherwise in connection with this Agreement, the prevailing party’s or parties’
reasonable attorneys’ fees and costs (in addition to all other amounts and
relief to which such party or parties may be entitled) shall be paid by the
other party or parties.

     

    (j)          All
agreements, representations, releases and covenants by all Parties herein are
separate and individual agreements, representations, releases and covenants of
that specific signatory alone, even if expressed as plural agreements, and are
not joint and several.  For the avoidance of doubt, no Director Party
is liable for the performance or non performance of PST or each other, nor is
any Stockholder Party liable for the performance or non performance of PST or
each other.

     

    (k)         Any
notice, request or other communication required to be given pursuant to the
provisions hereof shall be in writing and shall be deemed to have been given
when delivered in person, or five (5) days after being deposited in the United
States mail, certified or registered, postage prepaid, return receipt requested
and addressed to the party at its last known address.  The address of
any party may be changed by notice in writing to the other parties duly served
in accordance herewith.

     

    (l)          All
Parties understand that PST expects that it will, and that PST is entitled to,
file this Agreement with the SEC publicly.

     

    (k)         This
Agreement may be executed in one or more counterparts (including by means of
telecopied or electronic signature pages), all of which shall be considered one
and the same agreement, and shall become effective when one or more such
counterparts have been signed by each of the parties hereto and delivered to the
other party hereto.

     

    PLEASE
READ CAREFULLY.  THIS SEPARATION  AGREEMENT AND GENERAL
RELEASE INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

     

    
      
        
          
            	
                    Agreed:

                  	 
      
	 
      	 
      
	
                    DIRECTOR
      PARTIES:

                  	 
      
	 
      	 
      
	 
      	 
      
	
                    DATED:

                  	
                      

                  	 
      	
                      

                  
	 
      	 
      	 
      	
                    HOWARD
      CHASE

                  
	 
      	 
      	 
      	 
      
	
                    DATED:

                  	
                      

                  	 
      	
                      

                  
	 
      	 
      	 
      	
                    LOREN
      MCFARLAND

                  
	 
      	 
      	 
      	 
      
	
                    DATED:

                  	
                      

                  	 
      	
                      

                  

          

        

      

    

     

    
      
         

      

      
        Page 6 of
8

        
          

        

      

      
         

      

    

     

    
      
        
          	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                  WILLIAM
      HITCHCOCK

                
	 
      	 
      	 
      	 
      
	
                  DATED:

                	
                    

                	 
      	
                    

                
	 
      	 
      	 
      	
                  EUGENE
      BAUER

                
	 
      	 
      	 
      	 
      
	
                  PST;

                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                  DATED:

                	
                    

                	 
      	
                  PATIENT
      SAFETY TECHNOLOGIES, INC.

                
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                  By:

                	
                    

                
	 
      	 
      	 
      	 
      	
                    Authorized
      Signatory

                
	 
      	 
      	 
      	 
      
	
                  STOCKHOLDER
      PARTIES:

                	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	
                  DATED:

                	
                    

                	 
      	
                  John
      P. Francis

                
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                    

                
	 
      	 
      	 
      	
                  John
      P. Francis

                
	 
      	 
      	 
      	 
      
	
                  DATED:

                	
                    

                	 
      	
                  Brian
      Stewart

                
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                    

                
	 
      	 
      	 
      	
                  Brian
      Stewart

                
	 
      	 
      	 
      	 
      
	
                  DATED:

                	
                    

                	 
      	
                  A
      Plus International, Inc.

                
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                  By:

                	
                    

                
	 
      	 
      	 
      	 
      	
                    Authorized
      Signatory

                
	 
      	 
      	 
      	 
      
	
                  DATED:

                	
                    

                	 
      	
                  Wenchen
      Lin

                
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                    

                
	 
      	 
      	 
      	
                  Wenchen
      Llin

                
	 
      	 
      	 
      	 
      
	
                  DATED:

                	
                    

                	 
      	
                  Radisson
      Trading Company

                
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                  By:

                	
                    

                
	 
      	 
      	 
      	 
      	
                    Authorized
      Signatory

                
	 
      	 
      	 
      	 
      
	
                  DATED:

                	
                    

                	 
      	
                  Catalysis
      Partners, LLC

                
	 
      	 
      	 
      	
                  by
      Francis Capital Management, LLC

                
	 
      	 
      	 
      	
                  by:
      John Francis, Managing
Member

                

        

      

    

     

    
      
         

      

      
        Page 7 of
8

        
          

        

      

      
         

      

    

     

    
      	 
      	 
      	 
      	
              By:

            	
                

            
	 
      	 
      	 
      	 
      	
                Authorized
      Signatory

            
	 
      	 
      	 
      	 
      	 
      
	
              DATED:

            	
                

            	 
      	
              Catalysis
      Offshore, Ltd.

            
	 
      	 
      	 
      	
              by
      Francis Capital Management, LLC

            
	 
      	 
      	 
      	
              by:
      John Francis, Managing Member

            
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              By:

            	
                

            
	 
      	 
      	 
      	 
      	
                Authorized
      Signatory

            
	 
      	 
      	 
      	 
      	 
      
	
              DATED:

            	
                

            	 
      	
              Francis
      Capital Management, LLC

            
	 
      	 
      	 
      	
              by:
      John Francis, Managing Member

            
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
              By:

            	
                

            
	 
      	 
      	 
      	 
      	
                Authorized
      Signatory

            

    

     

    
      
         

      

      
        Page 8 of
8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]