Document:

First Amendment to Separation and Consulting Agreement

 Exhibit 10.2 
 LUNA INNOVATIONS INCORPORATED 
 FIRST AMENDMENT TO SEPARATION AND
CONSULTING 
 AGREEMENT 
 THIS FIRST AMENDMENT TO SEPARATION AND CONSULTING AGREEMENT (the “Amendment”) is made and entered into as of the 18th day of May, 2011 (the “Effective Date”), by and between Luna Innovations Incorporated (the
“Company”) and Kent A. Murphy, Ph.D. (the “Consultant,” and together with the Company, the “Parties”) and provides as follows: 
 RECITALS 
 WHEREAS, the Parties previously entered into that certain
Separation and Consulting Agreement, dated as of August 10, 2010 (the “Original Consulting Agreement”); and 

WHEREAS, the Parties desire to amend the terms of the Original Consulting Agreement as provided in this Amendment. 

TERMS OF AMENDMENT 
 NOW, THEREFORE, for and in consideration of the premises and of the mutual promises and undertakings of the parties as hereinafter set forth, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties covenant and agree as follows: 
  

	1.	Paragraph 4 of the Original Consulting Agreement is hereby deleted in its entirety and restated as follows: 

Healthcare Benefits. The Company shall pay the group health continuation premiums for the Consultant and the
Consultant’s covered dependents through February 10, 2012 to the extent the Consultant is eligible for and elects such continuation coverage under COBRA. In addition, upon presentation of reasonable documentation, the Company shall
reimburse the Consultant for his health insurance premiums during the period from February 11, 2012 through August 10, 2012 up to an amount equal to $1,250 per month (with such amount appropriately prorated for the Company’s
obligations with respect to February and August). 

  
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	2.	Paragraph 8 of the Original Consulting Agreement is hereby deleted in its entirety and restated as follows: 

Consulting Compensation. In exchange for the Company’s access to the Consultant’s time, talents, and services, the
Company shall pay the Consultant the following amounts per month of the Term, payable on the last day of such month: 
  

					
	 Month
	  	Amount	 
	August 2010	  	$	15,241.94	  
	September 2010	  	$	22,500	  
	October 2010	  	$	22,500	  
	November 2010	  	$	22,500	  
	December 2010	  	$	22,500	  
	January 2011	  	$	22,500	  
	February 2011	  	$	22,500	  
	March 2011	  	$	22,500	  
	April 2011	  	$	22,500	  
	May 2011	  	$	102,500	  
	June 2011	  	$	22,500	  
	July 2011	  	$	22,500	  
	August 2011	  	$	22,500	  
	September 2011	  	$	22,500	  
	October 2011	  	$	2,500	  
	November 2011	  	$	2,500	  
	December 2011	  	$	2,500	  
	January 2012	  	$	2,500	  
	February 2012	  	$	7,258.06	  

 The Consultant
acknowledges receipt of all payments identified on the above chart through April 2011. 
  

	3.	 Entire Agreement. This Amendment, the Original Consulting Agreement and the parties’ letter agreement (“Letter Agreement”)
of even date herewith shall constitute the complete, final and exclusive embodiment of the entire 

  
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agreement between the Parties with regard to the subject matter hereof. It is entered into without reliance on any promise or representation, written or oral, other than those expressly contained
herein, and it supersedes any other such promises, warranties or representations. It may not be amended or modified except in a writing signed by the Parties. 
  

	4.	Counterparts and Facsimile Signatures. This Amendment may be executed by facsimile transmission and in several counterparts, and all counterparts so
executed shall constitute one agreement binding on all parties, notwithstanding the fact that all the Parties have not signed the original or the same counterpart. Any counterpart signed by the Party against whom enforcement of this Amendment is
sought shall be admissible into evidence as an original of this Amendment to prove its contents. 

  

	5.	No Further Amendment. Except as otherwise expressly provided in this Amendment, all of the terms and conditions of the Original Consulting Agreement
remain unchanged and continue in full force and effect. 

  

	6.	Letter Agreement. Concurrently with the execution of this Amendment, the Company and Consultant shall enter into the Letter Agreement.

 [SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date
and year above written. 
  

					
	LUNA INNOVATIONS INCORPORATED	    	CONSULTANT
			
	By:	 	 /s/ My E. Chung
	    	 /s/ Kent A Murphy, Ph.D

		 	    Name: My E. Chung	    	Kent A. Murphy, Ph.D.
		 	    Title: President & CEO	    	

  
 4General Release Agreement

 Exhibit 10.3 
 GENERAL RELEASE AGREEMENT 
 THIS GENERAL RELEASE AGREEMENT (the
“Agreement”) is executed by and between Kent A. Murphy, Ph.D. (“Dr. Murphy”) and Luna Innovations Incorporated (the “Company”) (as used herein, the
“Company” includes its parent, subsidiaries, successors, affiliates and assigns, and all of its present or former employees, officers, agents, and directors). Dr. Murphy and the Company agree to the following:

 1. Dr. Murphy and the Company desire to compromise and resolve any and all claims or potential claims that Dr. Murphy may have
against the Company up to and including the Effective Date. 
 2. The Company and Dr. Murphy agree to enter into a certain Letter Agreement
dated May 18, 2011 (“Letter Agreement”), to which this Agreement is attached as Exhibit B. 
 3. In return for the consideration
and promises contained in the Letter Agreement and for other consideration, the receipt and sufficiency of which are hereby acknowledged, Dr. Murphy shall and does hereby RELEASE and FOREVER DISCHARGE the Company, its parents, subsidiaries,
affiliates, divisions, successors and assigns, and all of the Company’s present or former employees, officers, servants, agents, directors, board of directors and board committee from any and all claims, demands, actions or causes of action,
judgments, grievances, obligations, rights, demands, debts, damages, sums of money, attorney’s fees, costs, losses, liabilities or accountings of whatever nature, whether known or unknown, disclosed or undisclosed, asserted or unasserted, in
law or equity, contract, tort or common law or otherwise on account of, arising out of or in any way connected in any way with (a) all matters alleged or which could have been alleged in a complaint against the Company, (b) any and all
injuries, losses or damages to Dr. Murphy, including any claims for attorney’s fees, (c) any and all claims relating to the conduct of any employee, officer, director, board of directors, board committee or agent of the Company, and
(d) any and all other matters, transactions or things occurring prior to the date hereof, including any and all possible claims that could have been asserted against the Company or the Company’s employees, agents, officers, directors,
board of directors or board committee. 

 4. Dr. Murphy agrees and covenants not to file or prosecute a derivative suit against the
Company’s directors, board of directors, board committee, officers or agents, nor to file or prosecute any other action in which Dr. Murphy asserts claims in the right of or on behalf of the Company, based on any action, or failure to act,
which occurred prior to the date hereof. Further, Dr. Murphy agrees and covenants not to cause or induce or voluntarily cooperate with others to file or prosecute any action covered by this Paragraph. 

5. In return for the consideration and promises contained in Paragraphs 3 and 4 of this Agreement and for other consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company shall and does hereby RELEASE and FOREVER DISCHARGE Dr. Murphy of and from any and all claims, actions, causes of action, judgments, grievances, obligations, rights, demands, debts,
damages, sums of money, attorney’s fees, costs, losses, liabilities or accountings of whatever nature, whether known or unknown, disclosed or undisclosed, asserted or unasserted, in law or equity, contract, tort or common law or otherwise,
including, without limitation, any claims arising from violations of any statute, constitutional provision, executive order, law or ordinance, and any claims arising out of any relationship between the Company and Dr. Murphy, predating the
execution of this Agreement. 
 6. Each of the covenants herein contained shall be binding upon and shall inure to the benefit of the heirs,
executors, administrators, assigns and successors in interest of each of the Parties. 
 7. This Agreement shall be governed by and interpreted
in accordance with the laws of the State of Delaware, without regard to its choice of law provisions. 
 8. Should any provision of this
Agreement be declared or determined by any court or other reviewing forum to be illegal or invalid, the legality and validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term, or
provision shall be severed and deemed not to be a part of this Agreement. 
 9. Dr. Murphy represents that he understands all of the
provisions herein, and that he is entering into this Agreement voluntarily. Dr. Murphy further represents and acknowledges that in executing this Agreement he does not rely, and has not relied, upon any representation or statement made by the
Company or by any of the Company’ employees, officers, agents, members, directors or attorneys with regard to the subject matter, basis or effect of this Agreement or otherwise. 

  
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 10. This Agreement may be executed by facsimile transmission and in several counterparts, and all
counterparts so executed shall constitute one agreement binding on all parties, notwithstanding the fact that all the parties have not signed the original or the same counterpart. Any counterpart signed by the party against whom enforcement of this
Agreement is sought shall be admissible into evidence as an original of this Agreement to prove its contents. 
 11. The parties recognize and
agree that in the event of a breach of this Agreement, immediate and irreparable harm or injury would be caused for which money damages would not be an adequate remedy. Accordingly, the non-breaching party shall be entitled to an injunction
without posting a bond or other undertaking restraining any violation or threatened violation of the provisions of this Agreement.
 [SIGNATURE PAGE FOLLOWS] 

  
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 PLEASE READ CAREFULLY. 

THIS SETTLEMENT AND RELEASE AGREEMENT INCLUDES 
 A COMPLETE RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. 
 IN WITNESS WHEREOF, the Parties
hereto have caused this Agreement to be executed as of the date(s) set forth below: 
  

			
	 /s/ Kent A. Murphy, Ph.D.
	    	 May 18, 2011

	Kent A. Murphy, Ph.D.	    	Date

 LUNA INNOVATIONS INCORPORATED

  

					
	 /s/ My E. Chung
	    	 May 18, 2011

	By:	 	My E. Chung	    	Date
	Its:	 	President & CEO	    	

  
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