Document:

EXHIBIT 10.1
                                                                    ------------

                              SEPARATION AGREEMENT

     THIS SEPARATION AGREEMENT (hereinafter "Agreement") is made and entered
into by and between A. Alexander Taylor, II ("Mr. Taylor") and Chattem, Inc.
("Chattem") in order to reach an amicable termination of their employment
relationship, promote harmonious relations in the future and facilitate the
transition of management responsibilities.

     1. TERMINATION. Mr. Taylor agrees that the Employment Agreement dated as of
August 1, 2000 between Mr. Taylor and Chattem ("Employment Agreement"), his
employment with Chattem, his position as an officer of Chattem and all
subsidiaries and his membership on the Board of Directors of Chattem and all
subsidiaries will terminate by his resignation effective September 1, 2005 (the
"Termination Date"). Thereafter, except as otherwise provided herein, no future
compensation, allowances, or benefits will accrue in his favor.

     2. SEPARATION PAY. In full satisfaction of its obligations under Section 11
of the Employment Agreement, Chattem will pay Mr. Taylor, as separation pay
("Separation Pay"), the gross amount of Three Hundred Thirty-Five Thousand Four
Hundred Sixteen ($335,416) Dollars on March 1, 2006, the gross amount of One
Hundred Seventy-Two Thousand Five Hundred ($172,500) Dollars on March 1, 2006
and the gross amount of Three Hundred Forty-Five Thousand ($345,000) Dollars,
payable in monthly installments of Twenty-Eight Thousand Seven Hundred Fifty
($28,750) Dollars beginning on April 1, 2006 and continuing on the same date of
the immediately succeeding eleven (11) months, less an appropriate withholding
for income, payroll and employment taxes. The Separation Pay outlined above will
be in addition to Mr. Taylor's regular salary, fringe benefits and unpaid earned
and accrued vacation pay through August 31, 2005. Mr. Taylor specifically
acknowledges that the Separation Pay and other consideration specified in this
Agreement, supplant any bonus, commissions, or other pay to which he might
otherwise be entitled.

     3. BONUS PARTICIPATION. In further consideration for this Agreement, Mr.
Taylor shall participate in the Chattem Corporate Bonus Plan through November
30, 2005 at the applicable bonus level based on the same personal and corporate
performance levels. Any bonus payable to Mr. Taylor under this provision will be
paid to him on March 1, 2006. Mr. Taylor acknowledges that he will not be
eligible for any other bonus from Chattem under any other program, plan or
policy.

     4. STOCK OPTIONS. Under the 2003 and 2005 Chattem, Inc. Stock Incentive
Plans, Mr. Taylor has been awarded and there are currently outstanding options
to acquire 250,000 shares of common stock of Chattem. The currently outstanding
options, together with the exercise price and vesting schedule, are described in
Appendix 1 attached hereto. Chattem agrees that the vested stock options granted
to Mr. Taylor will be exercisable in accordance with their terms at any time on
or prior to October 20, 2005. After October 20, 2005, all such vested and
unexercised options shall expire and terminate. The remaining outstanding
172,500 stock options granted to Mr. Taylor that are not vested as of the date
of this Agreement shall expire and terminate on the date of this Agreement.

<PAGE>

     5. RESTRICTED STOCK. Mr. Taylor has been awarded 63,250 shares of
restricted stock as to which shares the restrictions have not lapsed. The
currently outstanding shares of restricted stock as to which restrictions have
not lapsed are described on Appendix 2 attached hereto. 19,500 shares of
restricted stock as to which restrictions have not lapsed as of the date of the
Agreement shall immediately be forfeited and cancelled (the Forfeited Shares")
and Mr. Taylor shall tender to Chattem for cancellation certificates
representing such Forfeited Shares. In further consideration for this Agreement,
the Company hereby agrees that Mr. Taylor shall retain and continue to hold
without restrictions 43,750 shares of restricted stock (the "Retained Shares").
Mr. Taylor shall tender to Chattem certificates representing the Retained Shares
in order for Chattem to cause the restrictive legends on such certificates to be
removed and then redelivered to Mr. Taylor.

     6. SEPARATION BENEFITS. Except as otherwise provided in this paragraph 6,
Mr. Taylor agrees that all of his employee benefits, including, without
limitation, his Chattem group medical and dental insurance coverages, will cease
as of the Termination Date. Mr. Taylor and his dependents will be entitled to
continue certain benefits under the Consolidated Omnibus Budget Reconciliation
Act ("COBRA") following the expiration of his group medical and dental insurance
coverage on the Termination Date. For an 18 month period beginning on the
Termination Date, Chattem will pay the premiums for such coverage under COBRA
from September 1, 2005 through February 28, 2007, or until Mr. Taylor is
employed by some other employer which provides substantially similar benefits,
whichever event occurs sooner. Chattem will furnish the appropriate COBRA forms
to Mr. Taylor to elect this coverage. If this obligation has not earlier
terminated as provided above, beginning on March 1, 2007 and continuing monthly
thereafter through August 2008, or until Mr. Taylor is employed by some other
employer which provides substantially similar benefits, Chattem will also pay to
Mr. Taylor the cost of his medical and dental insurance coverage (not to exceed
$12,000 per year). Chattem will continue to provide Mr. Taylor with life
insurance benefits at substantially the same level currently provided to Mr.
Taylor until August 31, 2008.

     7. RETIREMENT PLANS. As of the date of this Agreement, Mr. Taylor may be
participating in various Chattem Retirement Plans, including a 401(k) account
("Retirement Plans"). For purposes of the Retirement Plans, the Termination Date
shall be Mr. Taylor's severance from employment date.

     8. MUTUAL NON-DISPARAGEMENT. In the event that an authorized representative
of Chattem (for purposes of this paragraph "authorized representative" means an
officer of Chattem or any member of Chattem's Human Resources Department) is
contacted by any person or entity concerning Mr. Taylor's employment by Chattem,
such representative of Chattem will refer such inquiry to Chattem's Chairman or
Director of Human Resources who will provide a positive reference, divulging
only information such as Mr. Taylor's dates of employment, positions held, his
rate of pay and the reason for his resignation and such other information that
is not inconsistent with a positive reference. Such representative will not make
any disparaging, negative or unfavorable verbal or written statements of any
nature whatsoever about Mr. Taylor. Chattem will take all reasonable steps to
refer all inquiries from outside parties requesting an employment reference
concerning Mr. Taylor's employment with Chattem to the Director of Human
Resources or the Chairman. Similarly, Mr. Taylor agrees that he will not make
any disparaging, negative, or unfavorable verbal or written statements of any
nature

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<PAGE>

whatsoever about Chattem, its management, operations, future prospects,
products, services, directors, officers, employees or agents. Chattem and Mr.
Taylor mutually agree that the reason given for the termination of Mr. Taylor's
employment is that he resigned in order to pursue other opportunities.

     9. TAYLOR'S SERVICES. Mr. Taylor agrees that for a period of eighteen (18)
months from his Termination Date (the "Effective Period"), he will respond
fully, promptly and truthfully to all requests for information from Chattem, its
attorneys or accountants concerning any matters in which he was involved during
his employment with Chattem, including, without limitation, relationships with
shareholders, analysts, bondholders, banks, investment banks, suppliers,
customers and contacts; the location of files, products, customers, contact
information, supplier and supplier information; and the status of pending
matters. In addition, during the Effective Period Mr. Taylor agrees that he will
not take any action to interfere with the relationships between Chattem or any
subsidiary or affiliate of Chattem, and their respective shareholders, analysts,
bondholders, banks, investment banks, suppliers, customers, distributors,
clients and business partners. During the Effective Period, he further agrees
that he will not induce or attempt to induce any shareholder, analyst,
bondholder, bank, investment bank, customer, supplier, distributor, client,
business partner, or other business relation of Chattem or any subsidiary or
affiliate of Chattem to withdraw, curtail or cease doing business with Chattem
or any subsidiary or affiliate of Chattem, as applicable. Further, during the
Effective Period Mr. Taylor agrees that upon request from Chattem he will
cooperate fully with Chattem in transitioning existing relationships with
shareholders, analysts, bondholders, banks, investment banks, suppliers, as well
as potential relationships with any of the foregoing, to his successor at
Chattem. Mr. Taylor acknowledges and agrees that these services will be provided
by him to Chattem for the Separation Pay and other consideration provided in
this Agreement, and that no additional compensation will be paid to him for
these services. Mr. Taylor further acknowledges that this provision is of the
essence of this Agreement, and that Chattem would suffer irreparable harm in the
event of any breach of this provision.

     10. GENERAL RELEASE. In exchange for the valuable consideration set forth
herein, Mr. Taylor agrees to release Chattem and each of its officers,
directors, employees, agents, attorneys, subsidiaries and affiliates from any
and all charges, complaints, claims, liabilities, obligations, actions, causes
of action, suits, demands, costs, losses, damages and expenses, of any nature
whatsoever, known or unknown, including, but in no way limited to, any claims
under Title VII of the Civil Rights Act of 1964 (Title VII); the Americans with
Disabilities Act (ADA); the Employee Retirement Income Security Act of 1974, as
amended (ERISA); 42 U.S.C. ss.1981; the Occupational Safety and Health Act, 29
U.S.C. ss.651 ET SEQ. (OSHA); the Family and Medical Leave Act, 29 U.S.C.
ss.2601 ET SEQ. (FMLA); the federal False Claims Act; the Tennessee Human Rights
Act; the Tennessee Public Protection Act; any claim based on express or implied
contract; any claims of promissory estoppel; any action arising in tort,
including, but in no way limited to, libel, slander, defamation, intentional
infliction of emotional distress, or negligence; any claim for wrongful
discharge, any constitutional claims, or any claim under all laws relating to
the violation of public policy, retaliation or compensation; any claims arising
under employment or disability discrimination or whistleblower laws; or any
claims under other applicable federal, state or local law, regulation, ordinance
or order, at common law or otherwise arising out of their employment
relationship or the termination of their

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<PAGE>

employment relationship, which Mr. Taylor now has, owns or holds, or claims to
have, own or hold, or which he at any time heretofore had, owned or held, or
claimed to have, own or hold against them. It is agreed that this is a general
release and it is to be broadly construed as a release of all claims; provided
that, this paragraph expressly does not include a release of any claims that
cannot be released hereunder by law. Except as specifically provided in this
Agreement, Mr. Taylor hereby acknowledges that he has received from Chattem all
wages and compensation which he is owed by Chattem or to which he is entitled by
law as of his last pay period. Mr. Taylor hereby acknowledges that Chattem has
in no way interfered with his right to take any leave to which he may have been
entitled by law or under Chattem's policies. Mr. Taylor further acknowledges
that Chattem has allowed him to take any such leave for which he was eligible
and which he requested. Mr. Taylor further acknowledges that he has reported any
and all workplace injuries that he has incurred or suffered to date.

     11. NON-COMPETE. During the Effective Period, Mr. Taylor covenants and
agrees that he will not directly or indirectly, accept compensation or anything
of value from, nor offer or provide any services, including consulting services,
to any person, company, partnership, joint venture or other entity in a capacity
involving, in whole or in part, health and beauty aid products sold
over-the-counter which are competitive with the products of Chattem existing or
announced to the trade on the date hereof with annual sales for Chattem's most
recently completed fiscal year in excess of $10 million, which the parties agree
and stipulate are topical analgesics, medicated skin care products, weight loss
products, medicated dandruff shampoos and conditioners and sunscreen products.
This provision applies only to persons or entities selling the above specified
products in competition with Chattem in the United States or in any country in
which Chattem has sold or distributed products during the past two years.
Moreover, during the Effective Period, Mr. Taylor covenants and agrees that he
will not directly or indirectly hire, attempt to solicit with respect to hiring
for or on behalf of any person or entity other than Chattem any present (or then
current) employee of Chattem.

     12. STANDSTILL. During the Effective Period, Mr. Taylor shall not, directly
or indirectly, and Mr. Taylor shall cause any affiliate of his not to: (i)
except pursuant to currently held stock options described on Appendix 1,
acquire, or offer or agree to acquire, directly or indirectly, by purchase or
otherwise, any securities of Chattem (or direct or indirect rights or options to
acquire any securities of Chattem), except by way of stock dividends or other
distributions made on a pro rata basis with respect to securities of Chattem
acquired by Mr. Taylor prior to the date of this Agreement; (ii) solicit proxies
or consents or become a "participant" in a "solicitation" (as such terms are
defined in Regulation 14A under the Securities Exchange Act of 1934, as amended)
of proxies or consents with respect to securities of Chattem with regard to any
matter; (iii) seek to control or influence the management, Board of Directors or
policies of Chattem, or seek to advise, encourage or influence any person with
respect to the voting of any securities of Chattem, or induce, attempt to induce
or in any manner assist any other person in initiating any shareholder proposal
or a tender or exchange offer for securities of Chattem or any change of control
of Chattem, or for the purpose of convening a shareholders' meeting of Chattem;
(iv) make any public announcement or make any written or oral proposal or
invitation to discuss any possibility, intention, plan or arrangement, relating
to a tender or exchange offer for securities of Chattem or a business
combination (or other similar transaction which would result in a change of
control), sale of assets, liquidation or other extraordinary

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<PAGE>

corporate transaction between Mr. Taylor or any of his affiliates and Chattem or
take any action which might require Chattem to make a public announcement
regarding any of the foregoing; or (v) form, join or in any way participate in a
partnership, limited partnership, syndicate or other group (or otherwise act in
concert with any other person) for the purpose of acquiring, holding, voting or
disposing of securities of Chattem or taking any other actions restricted or
prohibited under clauses (i) through (iv) of this paragraph 12, or announce an
intention to do, or enter into any arrangement or understanding with others to
do, any of the actions restricted or prohibited under clauses (i) through (iv)
of this paragraph 12. Notwithstanding the foregoing, the parties agree that Mr.
Taylor's ownership of less than a two percent (2%) interest in a mutual fund
registered under the Investment Company Act of 1940, as amended, shall not be a
violation of clauses (i) through (iv) of this paragraph 12. In accordance with
Chattem's insider trading policy, Mr. Taylor will abstain from any transactions
in the stock of Chattem until after its September 2005 earnings release for its
third quarter of fiscal 2005.

     13. CONFIDENTIALITY OF AGREEMENT. In further consideration for the
foregoing, Mr. Taylor agrees that he will keep the facts and circumstances
relating to his termination of employment completely confidential, and that he
will not hereafter disclose any information concerning this Agreement to any
person or entity other than his attorneys, his tax advisors and his spouse,
except as required by law. It is acknowledged that Chattem will be obligated to
disclose the contents of this Agreement under applicable securities laws, NASDAQ
rules and certain contractual relationships or as otherwise required by law;
issue a press release and deal with the media in connection with the
announcement of this Agreement; and respond to inquiries from shareholders,
analysts and other appropriate parties. However, Chattem will not make any
statements relating to Mr. Taylor's termination of employment that violate the
mutual non-disparagement provisions of paragraph 8 of this Agreement.

     14. NON-DISCLOSURE OF CONFIDENTIAL INFORMATION. As further consideration
for the benefits conferred upon Mr. Taylor by this Agreement, Mr. Taylor agrees
that he will not divulge, furnish or make accessible to anyone or use in any way
any confidential or secret knowledge or information of Chattem that Mr. Taylor
has acquired or become acquainted with during his employment by Chattem, whether
developed by himself or by others concerning any products, financial
information, techniques, data, ideas, trade secrets, confidential or secret
designs, processes, formulae, plans, devices or material (whether or not
patented or patentable) directly or indirectly useful in any aspect of the
business of Chattem; any customer information, marketing information, business
plans, merchandising information, pricing information, strategies, or supplier
lists of Chattem; any confidential or secret development or research work of
Chattem; any other confidential information or secret aspects of the business of
Chattem; or any information relating to personal matters, stock ownership,
contracts, investments, legal matters or business affairs of Chattem which are
of a proprietary or confidential nature, or maintained as information not
generally disclosed to the public, whether communicated orally or in writing
(collectively, the "Confidential Information"). The parties agree that
Confidential Information shall not include information that is or becomes
generally available to the public other than as a result of disclosure in breach
of this Agreement by Mr. Taylor. Mr. Taylor acknowledges that Confidential
Information constitutes a unique and valuable asset of Chattem and represents a
substantial investment of time and expense by Chattem, and that any disclosure
or other use of such Confidential Information other than for the sole benefit of
Chattem would be

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wrongful and would cause irreparable harm to Chattem. Mr. Taylor will refrain
from any acts or omissions that would reduce the value of such Confidential
Information to Chattem. Mr. Taylor further acknowledges that this provision is
of the essence of this Agreement, and that Chattem would suffer irreparable harm
in the event of any breach of this provision.

     15. SURRENDER OF MATERIALS UPON TERMINATION. Mr. Taylor hereby agrees that,
within fifteen (15) days after the Termination Date, he will surrender to
Chattem all personal notes, drawings, manuals, documents, photographs, computer
programs, disks or the like, including all copies thereof, relating to any
Confidential Information, as well as all Chattem property, including, without
limitation, credit cards, computer hardware, computer software, cell phones,
pagers, office and plant keys or cards, and office supplies. Chattem will assist
Mr. Taylor in converting his cell phone number to his personal use and will
provide assistance in establishing Blackberry service for his personal use.

     16. LITIGATION. For a period of three (3) years from the date of this
Agreement, Mr. Taylor agrees that it is an essential term and condition of this
Agreement that he cooperate with Chattem and its counsel in any claims and/or
lawsuits involving Chattem of which he may have particular knowledge or in which
he may be a witness. Such cooperation includes meeting with Chattem
representatives and counsel to disclose such facts as Mr. Taylor may know;
preparing with Chattem counsel for any deposition, trial, hearing or other
proceeding; attending any deposition, trial, hearing or other proceeding to
provide truthful testimony; and providing other assistance to Chattem and to
Chattem's counsel in the defense or prosecution of litigation as may, in the
judgment of Chattem's counsel, be necessary. Chattem agrees to reimburse Mr.
Taylor for reasonable and necessary expenses incurred by Mr. Taylor in the
course of complying with this obligation of cooperation.

     17. OPPORTUNITY TO REVIEW. Mr. Taylor represents and acknowledges that he
has carefully read and understands all of the provisions of this Agreement, and
that he is voluntarily entering into this Agreement. Mr. Taylor further
acknowledges and confirms that the only consideration for his signing this
Agreement are the terms and conditions stated in writing in this Agreement, and
that no other promise or agreement of any kind, other than those set out in
writing in this Agreement, has been made to him by any person to cause him to
sign this Agreement.

     18. REMEDIES. Mr. Taylor agrees that the covenants set forth in paragraphs
8 through 16 of this Agreement are of the essence of this Agreement; each of
such covenants is reasonable and necessary to protect and preserve the interests
and properties of Chattem; and irreparable loss and damage will be suffered by
Chattem should Mr. Taylor breach any of such covenants. Further, Mr. Taylor
expressly recognizes that any breach of the provisions of this Agreement is
likely to result in irreparable injury to Chattem and that monetary damages may
not adequately compensate Chattem for such breach. Therefore, Mr. Taylor agrees
that Chattem shall be entitled, if it so elects, to institute and prosecute
proceedings in any court of competent jurisdiction not only to obtain damages
for any breach of this Agreement, but also to seek to enforce the specific
performance of this Agreement by Mr. Taylor and to seek to enjoin Mr. Taylor
from activities in violation of this Agreement. Further, Mr. Taylor agrees that
any breach of the provisions of this Agreement shall automatically toll and
suspend the period of restraint for the amount of time that the breach
continues.

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<PAGE>

     19. ATTORNEY FEES AND OTHER COSTS. If any legal action or other proceeding
is brought for the enforcement of this Agreement, or because of an alleged
dispute, breach, default or misrepresentation in connection with any provision
of this Agreement, the prevailing party shall be entitled to recover reasonable
attorney fees as well as court costs and all expenses not taxable as court
costs. This remedy shall include, without limitation, all such fees, costs and
expenses incident to appeals. Chattem will pay the reasonable attorneys and
accountants fees incurred by Mr. Taylor in connection with the negotiation of
the terms of this Agreement in an amount not to exceed $20,000.

     20. SEVERABILITY. If any one or more of the provisions contained in this
Agreement shall for any reason be held to be excessively broad as to time,
duration, geographical scope, activity or subject, it shall be construed, by
limiting and reducing it, so as to be enforceable to the extent compatible with
the applicable law as it shall then appear. If, moreover, any one or more of the
provisions contained in this Agreement shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality,
or unenforceability shall not affect any other provision of this Agreement, but
this Agreement shall be construed as if such invalid, illegal or unenforceable
provision had never been contained therein. If any one or more of the provisions
contained in this Agreement shall for any reason be held to be excessively broad
as to time, duration, geographical scope, activity or subject, it shall be
construed, by limiting and reducing it, so as to be enforceable to the extent
compatible with the applicable law as it shall then appear. If, moreover, any
one or more of the provisions contained in this Agreement shall for any reason
be held to be invalid, illegal or unenforceable in any respect, such invalidity,
illegality, or unenforceability shall not affect any other provision of this
Agreement, but this Agreement shall be construed as if such invalid, illegal or
unenforceable provision had never been contained therein.

     21. NON-ADMISSION. This Agreement will not in any way be construed as an
admission by Chattem of any acts of discrimination or misconduct whatsoever
against Mr. Taylor or any other person, and Chattem specifically disclaims any
liability to or discrimination against Mr. Taylor or any other person, on the
part of itself, its employees or its agents.

     22. GOVERNING LAW. This Agreement is made and entered into in the State of
Tennessee, and will in all respects be interpreted, enforced and governed under
the laws of that State. The parties hereto hereby consent to the exclusive
jurisdiction of any applicable state or federal court of general jurisdiction
located in Hamilton County, Tennessee, and each party irrevocably submits to the
jurisdiction of such courts and waives any objection he or it may have to either
the jurisdiction or venue of such court.

     23. BINDING EFFECT. All covenants, representations, and agreements made by
or on behalf of Mr. Taylor and Chattem contained in the Agreement will be
binding upon the parties and their respective spouses, successors,
representatives, assigns, heirs and estates.

     24. ENTIRE AGREEMENT. This Agreement sets forth the entire agreement
between the parties, and fully supersedes any and all prior agreements or
understandings between them pertaining to the subject matter hereof. It is
agreed that this Agreement may be modified only by a subsequent, written
agreement, executed by both parties.

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     25. ARBITRATION. Mr. Taylor expressly waives any right to a jury trial or
to go to court concerning any and all disputes arising regarding the
interpretation, enforcement, or performance of this Agreement. Except for
injunctive or other equitable relief that either party may seek to enforce the
terms of this Agreement, any and all disputes arising regarding the
interpretation, enforcement, or performance of this Agreement shall be resolved
by binding, confidential arbitration governed by the Arbitration Rules
established by the American Arbitration Association. The arbitration shall be
conducted in Hamilton County, Tennessee. The arbitrator shall have full
authority to enforce the Agreement, including injunctive or other equitable
relief.

     26. OPTION TO ACCELERATE DEFERRED COMPENSATION. With respect to (i) the
$335,416 which otherwise would have been payable to Mr. Taylor under his
Employment Agreement on the date of his termination without cause, (ii) $172,500
which otherwise would have been payable to Mr. Taylor under his Employment
Agreement on a monthly basis in the amount of $28,750 per month beginning on the
month following such termination and (iii) the bonus which otherwise would have
been payable to Mr. Taylor in January 2006 (collectively, the "Deferred
Compensation") the parties agree that such Deferred Compensation is being
deferred until March 1, 2006, in order to comply with Section 409A of the
Internal Revenue Code and avoid the potential application of the excise tax to
the distribution of such compensation prior to such time. Chattem agrees that
notwithstanding the anticipated deferral as outlined above, it will accelerate
the distribution of the Deferred Compensation to the payment schedule that
otherwise would have been observed under Mr. Taylor's Employment Agreement if,
in the opinion of legal counsel chosen by Mr. Taylor, future pronouncements from
the U.S. Congress, the U.S. Treasury or the Internal Revenue Service clarify
that payments of such amounts prior to March 1, 2006 will not violate any
provisions of Section 409A of the Internal Revenue Code.

PLEASE READ THE FOLLOWING CAREFULLY: IT CONTAINS A FINAL RELEASE AND/OR WAIVER
OF RIGHTS THAT YOU MAY HAVE.

     I have had the opportunity to consider this Agreement and sign it freely
and voluntarily. I understand that this is a full and final release of any and
all claims I might have or have had against Chattem. I have had the opportunity
and have consulted with the law firm of Waller Lansden Dortch & Davis and have
carefully read this Agreement and Release and know and understand the contents.

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<PAGE>

     The undersigned have executed this Agreement on the dates reflected by
their signatures.

                                            Chattem, Inc.

/s/ A. Alexander Taylor, II                 By: /s/ Zan Guerry
-----------------------------------             ----------------------------
A. Alexander Taylor, II                         Zan Guerry, Chairman and Chief
                                                Executive Officer

Date: 8/23/05                               Date: 8/24/05
      -----------                                 -----------

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<PAGE>

                                   APPENDIX 1
                                   ----------

                                  Stock Options
                                  -------------

---------   -------------   -------   --------   -------   ---------   --------
                            Options   Exercise   Options    Options    Options
Plan Year   Date of Grant   Granted    Price      Vested   Exercised   Unvested
---------   -------------   -------   --------   -------   ---------   --------

  2003        05/29/2003    125,000   $14.500     62,500       0        62,500
---------   -------------   -------   --------   -------   ---------   --------

  2003        04/27/2004    60,000     $28.39     15,000       0        45,000
---------   -------------   -------   --------   -------   ---------   --------

  2005        04/20/2005    65,000     $42.09       0          0        65,000
---------   -------------   -------   --------   -------   ---------   --------

<PAGE>

                                   APPENDIX 2
                                   ----------

                                Restricted Stock
                                ----------------

------------------  -------------------  -----------------  ------------------
    Issue Date       Restricted Shares    Retained Shares    Forfeited Shares
------------------  -------------------  -----------------  ------------------
     10/29/02             25,000              25,000                 0
------------------  -------------------  -----------------  ------------------
     02/10/04             26,250               6,750              19,500
------------------  -------------------  -----------------  ------------------
     01/26/05             12,000              12,000                 0
------------------  -------------------  -----------------  ------------------Exhibit 10.10

    
      

      

    

    

      Exhibit
        10.12

      

      EMPLOYMENT
        AGREEMENT

      

      THIS
        EMPLOYMENT AGREEMENT (the “Agreement”)
        is
        made as of July 1, 2005 (the “Effective
        Date”),
        by
        and between Q COMM INTERNATIONAL, INC., a Utah corporation (the “Company”),
        having its principal place of business at 510 East Technology Ave. Building
        C,
        Orem, Utah 84097, and MARK ROBINSON, residing at 11027 Tall Pines Way, Sandy,
        UT
        84092 (the “Executive”).

      

      W
        I T N E S S E T H:

      

      

      WHEREAS,
        the
        Company, recognizing the unique skills and abilities of the Executive, wishes
        to
        hire the Executive on a permanent and full-time basis; and

      

      WHEREAS,
        the
        Executive desires to be employed by the Company; and

      

      WHEREAS,
        the Company
        and the Executive desire to set forth the terms and conditions of
        their
        employment relationship.

      

      NOW,
        THEREFORE,
        in
        consideration of the foregoing and the mutual covenants in this Agreement,
        the
        Company and the Executive agree as follows

      

      

      1.    Employment
        as Chief Financial Officer. The
        Company hereby employs the Executive as its Chief Financial Officer on the
        terms
        and conditions provided in this Agreement and Executive agrees to accept
        such
        employment subject to the terms and conditions of this Agreement. The Executive
        shall be the chief financial and chief accounting officer of the Company
        and
        shall perform the duties and responsibilities that are customary for a chief
        financial officer of a public company, including maintaining the books and
        records of the Company, supervising the collection of revenues and payments
        of
        expenses, preparing reports and statements for management and the stockholders
        of the Company, preparing the Company’s quarterly and annual reports to be filed
        with the United States Securities and Exchange Commission, representing the
        Company to the financial community and structuring and executing financing
        and
        capital-raising activities on behalf of the Company, and such other duties
        and
        responsibilities that are determined from time to time by the Company’s Chief
        Executive Officer and Board of Directors (the “Board”).
        The
        Executive reports to and is supervised by the Chief Executive Officer and
        the
        Board. 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

      

      2.    Other
        Directorships and Activities. 
        The
        Executive agrees to devote substantially all of his attention and time during
        normal business hours to the business and affairs of the Company and to use
        his
        reasonable best efforts to perform faithfully and efficiently the duties
        and
        responsibilities of his position and to accomplish the goals and objectives
        of
        the Company as may be established from time to time by the Chief Executive
        Officer and the Board. The Executive may engage in the following activities
        (and
        shall be entitled to retain all economic benefits thereof including fees
        paid in
        connection therewith) as long as they do not interfere in any material respect
        with the performance of the Executive's duties and responsibilities hereunder:
        (i) serve on corporate, civic, religious, educational and/or charitable boards
        or committees, provided that the Executive shall not serve on any board or
        committee of any corporation or other business which competes with the Business
        (as defined in Section 11(a) below); (ii) deliver lectures, fulfill speaking
        engagements or teach on a part-time basis at educational institutions; and
        (iii)
        make investments in businesses or
        enterprises and manage his personal investments; provided that with respect
        to
        such activities Executive shall comply with any business conduct and ethics
        policy applicable to employees of the Company. 

      

      3.    Place
        of Performance.
        In
        connection with the Executive’s employment by the Company and unless the parties
        hereto mutually agree otherwise, the Executive shall be based at the Company’s
        Offices in Orem, Utah, or such other location within the Wasatch Front, except
        for required travel on Company business.

      

      4.    Term.
        The
        term of this Agreement commenced on July 1, 2005 (the “Commencement
        Date”),
        and
        shall terminate on December 6, 2006, unless extended or earlier terminated
        in
        accordance with the terms of this Agreement (the “Termination
        Date”).
        This
        Agreement shall renew automatically for successive one-year periods unless
        either party notifies the other in writing at least 90 days before the
        Termination Date, or any anniversary of the Termination Date, as the case
        may
        be, that he or it chooses not to extend the Employment Term. The period
        beginning on the Commencement Date and ending on the Termination Date is
        herein
        referred to as the “Employment Term.”

      

      5.    Compensation.
        As
        compensation for performing the services required by this Agreement, and
        during
        the term of this Agreement, the Executive shall be compensated as
        follows:

      

      (a)    Base
        Compensation. The
        Company shall pay to the Executive an annual salary of $155,000 (the
“Base
        Compensation”).
        The
        Base Compensation shall be payable in equal installments pursuant to the
        Company's customary payroll procedures in effect for its executive personnel
        at
        the time of payment, but in no event less frequently than monthly, subject
        to
        withholding for applicable federal, state, and local income and employment
        related taxes. 

      

      (b)    Cash
        Bonuses.
        In
        addition to the Base Compensation, the Executive will be eligible to receive
        additional compensation in an amount of up to 30% of the Base Compensation
        (the
“Cash Bonus”) beginning January 1, 2006. The Cash Bonus will be adjusted based
        on whether and to what extent the Company achieves or falls short of certain
        operational and/or financial targets (the “Targets”)
        set
        forth in a business plan adopted and approved by the Board and the Executive.
        The Cash Bonus shall be paid to the Executive by March 31 of the year following
        the year in which they were earned and shall be subject to applicable
        withholding for federal, state and local income and employment related taxes.
        Subject to the terms of the Termination provision below, should Executive’s
        employment termination result in a partial year of employment, Executive
        shall
        be entitled to his Cash Bonus on a pro rata
        basis.

      

       

      
        
          
          

        

        
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      (c)    Stock
        Options.
        Subject
        to the approval of the Board and the Company's stockholders, the Company
        shall
        grant Executive stock options covering 60,000 shares of the Company's common
        stock, the vesting and exercisability of which shall be set forth in a separate
        stock option agreement, substantially in the form of Exhibit A hereto (the
        “Stock
        Option Agreement”).

      

      6.    Employee
        Benefits.
        During
        the Employment Term the Executive and his eligible dependants shall be entitled
        to such benefits (including but not limited to, the right to participate
        in any retirement plans (qualified and non-qualified), pension, insurance,
        health, disability or other benefit plan or program that has been or is
        hereafter adopted by the Company (or in which the Company participates),
        as
        shall be determined by the Board from time to time; provided, however, that
        the
        Executive shall always be entitled to such benefits as are generally made
        available to the senior executives of the Company. The Company shall, in
        accordance with standard Company policy and practices in effect from time
        to
        time, reimburse the Executive for all reasonable business expenses incurred
        by
        him in connection with the performance of his duties hereunder. 

      

      7.    Personal
        Time Off.
        The
        Executive shall be entitled to the normal and customary amount of paid vacation,
        sick leave, and personal days (vacation, sick leave, personal days collectively
        referred to as “PTO”) provided to senior executive officers of the Company.
        Executive agrees to give reasonable notice of his PTO scheduling requests,
        which
        shall be allowed subject to the Company’s reasonable business needs. Executive’s
        PTO shall be limited to 18 business days per calendar year. (For this purpose,
        2005 shall be counted as a partial year and prorated accordingly). Upon any
        termination of this Agreement for any reason whatsoever, any accrued and
        unused
        vacation shall be dealt with in accordance with Company policy.

      

      8.    Indemnification.
        The
        rights of the Executive to indemnification from the Company for acts or
        omissions in connection with his employment by the Company are set forth
        in the
        Indemnification Agreement, dated July 1, 2005, between the Company and the
        Executive (the “Indemnification
        Agreement”).

      

      9.    Termination
        and Termination Benefits.

      

      (a)    Termination
        by the Company.

      

      (i)    For
        Cause.
        Notwithstanding any provision contained herein, the Company may terminate
        this
        Agreement at any time during the Employment Term for “Cause.” For purposes of
        this subsection 9(a)(i), “Cause” shall mean (w) if the Company fails to achieve
        a majority of the Targets by 30% or more in any calendar year; (x) the willful
        failure by the Executive to substantially perform his duties hereunder for
        any
        reason other than total or partial incapacity due to physical or mental illness;
        (y) a conviction (or plea of no contest) of Executive of any crime (other
        than a
        routine traffic violation) that constitutes a felony in the jurisdiction
        in
        which the crime was committed or the conviction (or plea of no contest) of
        Executive of any act that constitutes moral turpitude; or (z) Executive having
        committed any act constituting fraud, theft or conversion of property as
        determined by a court of competent jurisdiction or by the reasonable judgment
        of
        a majority of the Board after a good faith investigation. Termination pursuant
        to this subsection 9(a)(i) shall be effective immediately upon the delivery
        of
        written notice thereof from the Company to the Executive specifying the acts
        or
        omissions constituting the failure and requesting that they be remedied;
        provided, however, that in the case of a termination pursuant to clause (x)
        the
        Executive shall have 15 days from the date of such notice to cure the failure
        specified in such notice and termination shall occur immediately upon the
        expiration of such 15-day cure period if the Executive has not cured such
        failure in the good faith judgment of a majority of the Board. In the event
        of a
        termination pursuant to this subsection 9(a)(i), the Executive shall be entitled
        to payment of his Base Compensation and the benefits pursuant to Section
        6
        hereof up to the effective date of such termination.

       

      

      
        
          
          

        

        
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      (ii)    Disability.
        If due
        to illness, physical or mental disability, or other incapacity,
        the
        Executive shall fail, for a total of any six consecutive months (“Disability”),
        to
        substantially perform the principal duties required by this Agreement as
        determined in good faith by a majority of the Board, the Company may terminate
        this Agreement upon 30 days' written notice to the Executive. In such event,
        the
        Executive shall (A) be paid his Base Compensation and pro rata Cash Bonus
        until
        the Termination Date, and (B) be provided with employee benefits pursuant
        to
        Section 6 (other than transportation and hotel accommodations), to the extent
        available, for the remainder of the Employment Term; provided,
        however,
        that
        any compensation to be paid to the Executive pursuant to this subsection
        9(a)(ii) shall be offset against any payments received by the Executive pursuant
        to any policy of disability insurance, the premiums of which are paid for
        by the
        Company under normal Company policies.

      

      (iii)    Without
        Cause.
        The
        Company may terminate the Executive's employment hereunder at any time without
        Cause. If the Company terminates the Executive's employment hereunder without
        Cause, other than due to death or Disability, the Executive shall (i) be
        paid
        the Base Compensation and the target annual Cash Bonus to which he would
        have
        been entitled had the Company not terminated this Agreement and (ii) be provided
        with the employee benefits pursuant to Section 6, to the extent available,
        for a
        period ending on the later of (A) the one-year anniversary of the Termination
        Date or (B) the date on which the Employment Term would have terminated had
        the
        Company not terminated this Agreement without Cause (the “Benefit
        Period”);
        provided, however, if the Executive obtains new employment and such employment
        makes the Executive eligible for health and welfare or long-term disability
        benefits which are equal to or greater in scope than the benefits then being
        offered by the Company, then the Company shall no longer be required to provide
        such benefits to the Executive pursuant to Section 6.

      

      (b)    Termination
        by the Executive.
        The
        Executive may terminate this Agreement at any time upon ninety (90) days
        prior
        written notice to the Company. Unless such termination is for Good Reason
        (as
        defined below), in such event the Company's sole obligation to the Executive
        shall be to pay the Executive the Base Compensation and the benefits described
        in Section 9 hereof, up to the date of such termination. In addition, the
        Executive shall be entitled to receive a pro rata portion (computed on a
        per
        diem basis) of the Cash Bonus he would have received had he not terminated
        this
        Agreement. If the Executive terminates this Agreement for Good Reason, such
        termination shall be treated as if the Company had terminated this Agreement
        without Cause and the provisions of Section 9(a)(iii) shall apply.

      

      As
        used
        herein, “Good
        Reason”
        means
        and shall be deemed to exist if, without the prior express written consent
        of
        the Executive, (a) the Company breaches this Agreement in any material respect;
        (b) the Company fails to obtain the full assumption of this Agreement by
        a
        successor; (c) the Company employs another senior executive and requests
        that
        the Executive report to such officer; (d) the Company materially reduces
        the
        Executive's responsibilities, as set forth herein; (e) the Company reduces
        the
        Base Compensation without the Executive's prior consent; or (f) the Company
        materially reduces the benefits to which the executive is entitled to pursuant
        to Section 6 of this Agreement as of the date
        hereof, except if such reduction applies
        to all senior executives of the Company; provided, however, that with respect
        to
        items (a) - (f) above, within fifteen (15) days of written notice of termination
        by the Executive, the Company has not cured, or commenced to cure, such failure
        or breach.

       

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      

      

      (c)    Vesting
        of Stock Grants and Stock Options.
        In the
        event of any termination of this Agreement, Executive's rights with regard
        to
        any stock grants or stock options shall be as set forth in the respective
        agreement containing the terms and conditions pertaining thereto.
        Notwithstanding the foregoing, in the event that the Executive is terminated
        for reasons other than for “Cause,” or in the event the Executive terminates
        this Agreement for “Good Reason,” or in the event this Agreement is terminated
        by reason of Executive's death, any stock options
        then held by the Executive shall immediately vest in the Executive and shall
        remain exercisable for the period specified in the grant agreement.

      

      (d)    Death
        Benefit.
        Notwithstanding any other provision of this Agreement, this Agreement shall
        terminate on the date of the Executive's death. In such event, any stock
        options
        granted to the Executive that have previously vested or that would have
        vested before
        the end of the calendar year in which his death occurs, shall immediately
        vest
        in the executive's estate and shall remain exercisable for the period specified
        in the Stock Option Agreement notwithstanding any provision therein to the
        contrary,
        and
        the
        Base Compensation and Cash Bonus that would have been payable to the Executive
        through the end of the calendar year in which his death occurs shall be payable
        to his estate. Any benefits to which members of the Executive's immediate
        family
        would have been entitled by reason of kinship shall continue to be provided
        to
        them through the end of the calendar year in which his death
        occurs.

      

      10.    Company
        Property.
        All
        advertising, promotional, sales, suppliers, manufacturers and other materials
        or
        articles or information, including without limitation data processing reports,
        customer lists, customer sales analyses, invoices, product lists, price lists
        or
        information, samples, or any other materials or data of any kind furnished
        to
        the Executive by the Company or developed by the Executive on behalf of the
        Company or at the Company's direction or for the Company's use or otherwise
        in
        connection with the Executive's employment hereunder, are and shall remain
        the
        sole and confidential property of the Company. If the Company requests the
        return of such materials at any time during or at or after the termination
        of
        the Executive's employment, the Executive shall immediately deliver the same
        to
        the Company.

      

      11.    Covenant
        Not To Compete.

      

      (a)    Covenants
        against Competition.
        As of
        the date of this Employment Agreement (i) the Company is engaged in the business
        of selling prepaid products and services, providing electronic
        transaction processing
        for prepaid products and services, and
        selling or licensing an integrated
        electronic point of sale activation system or any other related areas into
        which
        the Company may expand (the “Business”);
        (ii)
        the Company's Business is conducted currently throughout the United
        States,
        Canada
        and in certain countries in Europe
        and Asia and may be expanded to other locations; (iii) the
        Executive’s employment with the Company will have given him access to
        confidential information concerning the Company;
        and (iv) the agreements
        and covenants contained in this Agreement are essential to protect the business
        and goodwill of the Company. Accordingly, the Executive covenants and agrees
        as
        follows:

       

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      

      

      (i)    Non-Compete.
        Without
        the prior written consent of the Board, the Executive shall not during the
        Restricted Period (as defined below) within the Restricted Area (as defined
        below) (except in the Executive's capacity as an officer of the Company or
        any
        of its affiliates), (a) engage or participate in the Business; (b) enter
        the
        employ of, or render any services (whether or not for a fee or other
        compensation) to, any person engaged in the Business; or (c) acquire an equity
        interest in any such person; provided, however, that during the Restricted
        Period the Executive may own, directly or indirectly, up to 1%, solely as
        a
        passive investment, of the securities of any company traded on any national
        securities exchange or on the National Association of Securities Dealers
        Automated Quotation System.

      

      As
        used
        herein, “Restricted
        Period”
        shall
        mean the period commencing on the Effective Date and ending on the second
        anniversary of the Executive's termination of employment. In the event the
        Company elects not to renew the Agreement, pursuant to Section 4, above,
        the
        Restricted Period shall be shortened to the period commencing on the Effective
        Date and ending on the first anniversary of the Executive’s termination of
        employment. 

      

      “Restricted
        Area”
        shall
        mean any geographic area in which the Company is conducting its Business
        or is
        actively seeking to conduct its Business

      

      (ii)    Confidential
        Information; Personal Relationships.
        The
        Executive acknowledges that the Company has a legitimate and continuing
        proprietary interest in the protection of its confidential information and
        has
        invested substantial sums and will continue to invest substantial sums to
        develop, maintain and protect its confidential information. The Executive
        agrees
        that, without the prior written consent of the Board, the Executive shall
        keep
        secret, shall retain in strictest confidence, and shall not knowingly use
        for
        the benefit of himself or others all confidential matters relating to the
        Company's business including, without limitation, operational methods, marketing
        or development plans or strategies, business acquisition plans, joint venture
        proposals or plans, and new personnel acquisition plans, learned by the
        Executive heretofore or hereafter (such information shall be referred to
        herein
        collectively as “Confidential
        Information”);
        provided, that nothing in this Agreement shall prohibit the Executive from
        disclosing or using any Confidential Information (A) in the performance of
        his
        duties hereunder, (B) as required by applicable law, (C) in connection with
        the
        enforcement of his rights under this Agreement or any other agreement with
        the
        Company, or (D) in connection with the defense or settlement of any claim,
        suit,
        or action brought or threatened against the Executive by or in the right
        of the
        Company. Notwithstanding any provision contained herein to the contrary,
        the
        term Confidential Information shall not be deemed to include any general
        knowledge, skills, or experience acquired by the Executive or any knowledge
        or
        information known or available to the public in general. Moreover, the Executive
        shall be permitted to retain copies of, or have access to, all such Confidential
        Information relating to any disagreement, dispute, or litigation (pending
        or
        threatened) involving the Executive.

      

      (iii)    Employees
        of the Company and its Affiliates.
        During
        the Restricted Period, without the prior written consent of the Board, the
        Executive shall not, directly or indirectly, hire or solicit, or cause others
        to
        hire or solicit, for employment by any person other than the Company or any
        affiliate or successor thereof, any employee of, or person employed within
        the
        two years preceding the Executive's hiring or solicitation of such person
        by,
        the Company and its affiliates or successors or encourage any such employee
        to
        leave his employment. For this purpose, any person whose employment has been
        terminated involuntarily by the Company shall he excluded from those persons
        protected by this Section for the benefit of the Company.

      
 

       

      
        
          
          

        

        
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      (iv)    Business
        Relationships.
        During
        the Restricted Period, the Executive shall not, directly or indirectly, request
        or advise a person that has a business relationship with the Company to curtail
        or cancel such person's business relationship with the Company.

      

      (b)    Rights
        and Remedies upon Breach.
        If the
        Executive breaches, threatens to commit a breach of, any of the provisions
        contained in Section 11 of this Agreement (the “Restrictive
        Covenants”),
        the
        Company shall have the following rights and remedies, each of which rights
        and
        remedies shall be independent of the others and severally enforceable, and
        each
        of which is in addition to, and not in lieu of, any other rights and remedies
        available to the Company under law or in equity: 

      

      (i)    Specific
        Performance and Injunctive Relief.
        The
        right and remedy to have the Restrictive Covenants specifically enforced
        by any
        court of competent jurisdiction, it being agreed that any breach or threatened
        breach of the Restrictive Covenants would cause irreparable injury to the
        Company and that money damages would not provide an adequate remedy to the
        Company. Therefore, Executive agrees that the Company shall be entitled to
        an
        injunction, restraining order or such other equitable relief (without the
        requirement to post bond) as a court of competent jurisdiction may
        deem
        necessary or appropriate to restrain Executive from committing any violation
        of
        the Restrictive Covenants. These injunctive remedies are cumulative and in
        addition to any other rights and remedies the Company may have.

      

      (ii)    Accounting.
        The
        right and remedy to require the Executive to account for and pay over to
        the
        Company all compensation, profits, monies, accruals, increments or other
        benefits derived or received by the Executive as the result of any action
        constituting a breach of Restrictive Covenants.

      

      (c)    Severability
        of Covenants.
        The
        Executive acknowledges and agrees that the Restrictive Covenants are reasonable
        and valid in duration and geographical scope and in all other respects. If
        any
        court determines that any of the Restrictive Covenants, or any part thereof,
        is
        invalid or unenforceable, the remainder of the Restrictive Covenants shall
        not
        thereby be affected and shall be given full effect without regard to the
        invalid
        portions. The provisions set forth in this Section 11 above shall be in addition
        to any other provisions of the business conduct and ethics policy applicable
        to
        employees of the Company and its subsidiaries during the term of Executive's
        employment.

      

      (d)    Saving
        Clause.
        If the
        period of time or the area specified in subsection (a) above should be adjudged
        unreasonable in any proceeding, then the period of time shall be reduced
        by such
        number of months or the area shall be reduced by the elimination of such
        portion
        thereof or both so that such restrictions may be enforced in such area and
        for
        such time
        as
        is adjudged
        to be reasonable.

      

      12.    Executive's
        Representation and Warranties.
        Executive represents and warrants that he has the full right and authority
        to
        enter into this
        Agreement and fully perform his obligations hereunder,
        that he is not subject to any non-competition agreement other than with the
        Company, and that his past, present and anticipated future activities
        have not and
        will
        not infringe on the proprietary
        rights of others. Executive further represents and warrants that he is not
        obligated under any contract (including, but not limited to, licenses, covenants
        or commitments of any nature) or other agreement or subject
        to any judgment, decree
        or
        order of any court or administrative agency which would conflict with his
        obligation to use his best efforts to perform his duties hereunder or which
        would conflict with the Company's business and operations as presently
        conducted or
        proposed to be conducted. The Executive has provided the Company with an
        accurate and complete list of all boards of directors, boards of
        trustees, boards
        of
        advisors and committees thereof of which he is a member as of the date hereof.
        Neither the execution nor delivery of this Agreement, nor the carrying on
        of the
        Company's business as officer and employee by Executive will conflict with
        or
        result in a breach of the terms, conditions or provisions of or constitute
        a
        default under any contract, covenant or instrument to which Executive is
        currently a party.

       

      

      
        
          
          

        

        
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      13.    Miscellaneous.

      

      (a)    Integration;
        Amendment.
        This
        Agreement, the Stock Option Agreement and the Indemnification Agreement are
        the
        only agreements between the parties hereto with respect to the matters set
        forth
        herein and supersede and render of no force and effect all prior understandings
        and agreements between the parties with respect to the matters set forth
        herein.
        No amendments or additions to this Agreement shall be binding unless in writing
        and signed by both parties. 

      

      (b)    Severability.
        If any
        part of this Agreement is contrary to, prohibited by, or deemed invalid under
        applicable law or regulations, such provision shall be inapplicable and deemed
        omitted to the extent so contrary, prohibited, or invalid, but the remainder
        of
        this Agreement shall not be invalid and shall be given full force and effect
        so
        far as possible.

      

      (c)    Waivers.
        The
        failure or delay of any party at any time to require performance by the other
        party of any provision of this Agreement, even if known, shall not affect
        the
        right of such party to require performance of that provision or to exercise
        any
        right, power, or remedy hereunder, and any waiver by any party of any breach
        of
        any provision of this Agreement shall not be construed as a waiver of any
        continuing or succeeding breach of such provision, a waiver of the provision
        itself, or a waiver of any right, power, or remedy under this Agreement.
        No
        notice to or demand on any party in any case shall, of itself, entitle such
        party to other or further notice or demand in similar or other
        circumstances.

      

      (d)    Power
        and Authority.
        The
        Company represents and warrants to the Executive that it has the requisite
        corporate power to enter into this Agreement and perform the terms hereof;
        that
        the execution, delivery and performance of this Agreement by it has been
        duly
        authorized by all appropriate corporate action; and that this Agreement
        represents the valid and legally binding obligation of the Company and is
        enforceable against it in accordance with its terms.

      

      (e)    Successors
        and Assigns; Survival.
        This
        Agreement shall be binding upon and inure to the benefit of the parties hereto
        and their respective heirs, executors, personal and legal representatives,
        successors and assigns. In addition to, and not in limitation of, anything
        contained in this Agreement, it is expressly understood and agreed that Sections
        9-13 above, shall survive any termination of this Agreement.

      

      (f)    Governing
        Law; Headings.
        This
        Agreement and its construction, performance, and enforceability shall be
        governed by, and construed in accordance with, the laws of the State of Utah.
        Headings and titles herein are included solely for convenience and shall
        not
        affect, or be used in connection with, the interpretation of this
        Agreement.

       

      
 

      
        
          
          

        

        
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      (g)    Jurisdiction.
        Except
        as otherwise provided for herein, each of the parties (a) submits to the
        exclusive jurisdiction of any state court sitting in Utah County, Utah or
        federal court sitting in Utah in any action or proceeding arising out of
        or
        relating to this Agreement, (b) agrees that all claims in respect of the
        action
        or proceeding may be heard and determined in any such court and (c) agrees
        not
        to bring any action or proceeding arising out of or relating to this Agreement
        in any other court. Each of the parties waives any defense of inconvenient
        forum
        to the maintenance of any action or proceeding so brought and waives any
        bond,
        surety or other security that might be required of any other party with respect
        thereto. Any party may make service on another party by sending or delivering
        a
        copy of the process to the party to be served at the address and in the manner
        provided for giving of notices in Section 13(h). Nothing in this Section,
        however, shall affect the right of any party to serve legal process in any
        other
        manner permitted by law.

      

      (h)    Notices.
        All
        notices called for under this Agreement shall be in writing and shall be
        deemed
        given upon receipt if delivered personally or by confirmed facsimile
        transmission and followed promptly by mail, or mailed by registered or certified
        mail (return receipt requested), postage prepaid, to the parties at their
        respective addresses as set forth in the preamble to this Agreement or to
        any
        other address or addressee as any party entitled to receive notice under
        this
        Agreement shall designate, from time to time, to others in the manner provided
        in this subsection
        13(h) for the service of notices.

      

      Any
        notice delivered to the party hereto to whom it is addressed shall be deemed
        to
        have been given and received on the day it was received; provided,
        however,
        that if
        such day is
        not
        a
        business day then the notice shall be deemed to have been given and received
        on
        the business day next following such day. Any notice sent by facsimile
        transmission shall be deemed to have been given and received on the business
        day
        next following the day of transmission.

       

      (i)    Number
        of Days.
        In
        computing the number of days for purposes of this Agreement, all days shall
        be
        counted, including Saturdays, Sundays and holidays; provided,
        however,
        that if
        the final day of any time period falls on a Saturday, Sunday or holiday on
        which
        federal banks are or may elect to be closed, then the final day shall be
        deemed
        to be the next day which is not a Saturday, Sunday or such holiday.

      

      (j)    Construction.
        The
        Parties have participated jointly in the negotiation and drafting of this
        Agreement. In the event an ambiguity or question of intent or interpretation
        arises, this Agreement shall be construed as if drafted jointly by the Parties
        and no presumption or burden of proof shall arise favoring or disfavoring
        any
        Party by virtue of the authorship of any of the provisions of this Agreement.
        Any reference to any federal, state, local, or foreign statute or law shall
        be
        deemed also to refer to all rules and regulations promulgated thereunder,
        unless
        the context requires otherwise. The word “including” shall mean including
        without limitation.

      

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

       

       

      
        	 	
                Q
                  COMM INTERNATIONAL, INC.

              
	 	 	 
	 	 	 
	 	
                By:
                  

              	 /s/
                Michael D.
                Keough             
                
	 	 	
                Name:
                  Michael D. Keough

              
	 	 	
                Title:
                  CEO/President

              
	 	 	 
	 	 	 
	 	 	 /s/
                Mark
                Robinson                  
	 	 	
                MARK
                  ROBINSON

              

      

       

       

       

       

       

       

       

      9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]