Document:

Agreement and Release between the Registrant and Susan Strausberg

 Exhibit 10.21 
 AGREEMENT AND GENERAL RELEASE 
 EDGAR Online, Inc., 50 Washington Street, Norwalk, CT 06854
(referred to throughout this Agreement as “Employer”) and Susan Strausberg, her heirs, executors, administrators, successors, and assigns (collectively referred to throughout this Agreement as “Employee”). 
 W I T N E S S E T H : 
 WHEREAS, Employer and Employee entered into an amended and restated employment agreement as of the
13th day of June, 2007 (the “Employment Agreement”); and 
 WHEREAS, by action of the Board of Directors of Employer (the “Board”), the employment of Employee has been terminated in accordance with Section 7(f) of the Employment Agreement; and 
 WHEREAS, all capitalized terms used herein not otherwise defined shall have the meanings ascribed to them in the Employment Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements hereinafter set forth, the parties agree as follows: 
 1. Last Day of Employment. Employee’s last day of employment with Employer was July 30, 2007. 
 2. Consideration. In consideration for signing this Agreement and General Release and compliance with the promises made herein, Employer
agrees to pay to and provide Employee the payments, benefits and immediate vesting of options described by and as contemplated by Section 7(f) of the Employment Agreement. Notwithstanding any provision to the contrary in the Employment
Agreement, the payments and benefits under Section 7(f) of the Employment Agreement shall be payable in accordance with the time frames set forth therein (without regard to Section 18(c)), with the first two hundred fifty thousand dollars
($250,000) being deemed paid under Treasury Regulation 1.409A-l(b)(9)(iii), and which payment the parties hereby acknowledge and agree are exempt from Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the
final regulations issued thereunder (“409A”) and, therefore, all payments hereunder comply with 409A. 
 3. No Consideration
Absent Execution of this Agreement. Employee understands and agrees that she would not receive the benefits specified in paragraph “2” above, except for her execution of this Agreement and General Release and the fulfillment of the
promises contained herein. 
 4. General Release of Claims By Employee. Employee shall execute and deliver the General Release
in the form attached hereto as Exhibit “A” (the “General Release”). 

 5. Affirmations. Employee affirms that she has not filed, caused to be filed, or presently
is a party to any claim, complaint, or action against Employer in any forum or form. Employee further affirms that she has been paid and/or has received all leave (paid or unpaid), compensation, wages, bonuses, commissions, and/or benefits to which
she may be entitled and that no other leave paid or unpaid), compensation, wages, bonuses, commissions and/or benefits are due to her, except as provided in this Agreement and General Release. Employee furthermore affirms that she has no known
workplace injuries or occupational diseases and has been provided and/or has not been denied any leave requested under the Family and Medical Leave Act. Except for Employee’s service as a director of Employer, Employee agrees not to apply for
employment or otherwise seek to be hired, re-hired, employed, transferred, reemployed or reinstated by Employer or its affiliates or seek to provide services in any manner to Employer or its affiliates at any time in the future. Employee agrees that
execution of this Agreement and General Release is good and sufficient cause for Employer or its affiliates to reject any application she may make notwithstanding this paragraph. Employee represents and warrants that, to the knowledge of Employee,
there is no reasonable basis for any third party to assert any claim against Employer or its affiliates under federal, state or local law. Employee further represents and warrants that, to the knowledge of Employee, there are no claims, actions,
suits, investigations or proceedings threatened against Employer or its affiliates under any federal, state or local law. 
 6. Tax
Matters. Employee acknowledges and agrees that Employer has not made any representations to her regarding the tax consequences of, or financial advice with respect to, any amounts received by her pursuant to this Agreement and General
Release. All payments made hereunder shall be subject to applicable employment or tax withholdings or deductions. The Employer, the Board, any affiliate and its respective board of directors shall not be liable for any losses or penalties incurred
by the Employee in connection with the taxation of any payments or benefits pursuant to this Agreement and General Release, including without limitation pursuant to the Code, or any federal, state, local or foreign laws or regulations. 

7. Confidentiality; Noncompetition. Employee confirms and ratified each and every provision of Section 8 of the Employment
Agreement, which provisions remain in full force and effect. 
 8. Governing Law and Interpretation. This Agreement and General
Release shall be governed and conformed in accordance with the laws of New York without regard to its conflict of laws provision. In the event the Employee or Employer breaches any provision of this Agreement and General Release, Employee and
Employer affirm that either may institute an action to specifically enforce any term or terms of this Agreement and General Release. Should any provision of this Agreement and General Release be declared illegal or unenforceable by any court of
competent jurisdiction and cannot be modified to be enforceable, excluding the general release language, such provision shall immediately become null and void, leaving the remainder of this Agreement and General Release in full force and effect.

 9. Nonadmission of Wrongdoing. The parties agree that neither this Agreement and General Release nor the furnishing of the
consideration for this Release shall be deemed or construed at anytime for any purpose as an admission by Employer of any liability or unlawful conduct of any kind. 
  

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 10. Amendment. This Agreement and General Release may not be modified, altered or changed
except upon express written consent of both parties wherein specific reference is made to this Agreement and General Release. 
 11.
Entire Agreement. This Agreement and General Release sets forth the entire agreement between the parties hereto, and fully supersedes any prior obligation of the Employer to the Employee. Employee acknowledges that she has not relied
on any representations, promises, or agreements of any kind made to her in connection with her decision to accept this Agreement and General Release, except for those set forth in this Agreement and General Release. 
 IN WITNESS WHEREOF, the parties hereto knowingly and voluntarily executed this Agreement as of the date set forth below: 
  

					
	 

	 	Date: 8/9/07
	Susan Strausberg	 	
		
	EDGAR Online, Inc.	 	
			
	By:	 	  
	 	Date:                     
		 	Philip Moyer, Chief Executive Officer	 	

  

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 EXHIBIT A 
 I, Susan Strausberg, on behalf of myself and my heirs, successors and assigns, in consideration of the performance by EDGAR Online, Inc., a Delaware corporation (together with its Subsidiaries, the “Company”) of its
material obligations under Employment Agreement, dated as of June 13, 2007 (the “Employment Agreement”) and the Agreement and General Release dated as of the date hereof (the “Agreement and General Release”)
(collectively, the “Agreements”), do hereby release and forever discharge as of the date hereof the Company, its Affiliates, each such Person’s respective successors and assigns and each of the foregoing Persons’
respective present and former directors, officers, partners, stockholders, members, managers, agents, representatives, employees (and each such Person’s respective successors and assigns) (collectively, the “Released Parties”)
to the extent provided below. 
 1. I understand that any payments or benefits paid or granted to me under Section 7(f) of the Employment
Agreement (as referenced under paragraph “2” of the Agreement and General Release) represent, in part, consideration for signing this General Release and are not salary, wages or benefits to which I was already entitled. I
understand and agree that I will not receive the payments and benefits specified in Section 7(f) of the Employment Agreement unless I execute this General Release and do not revoke this General Release within the time period permitted
hereafter or breach this General Release. 
 2. I knowingly and voluntarily release and forever discharge the Company and the other Released Parties from any
and all claims, controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other damages, claims for costs and attorneys’ fees, or liabilities
of any nature whatsoever in law and in equity, both past and present (through the date of this General Release), whether under the laws of the United States or another jurisdiction and whether known or unknown, suspected or claimed against the
Company or any of the Released Parties which I, my spouse, or any of my heirs, executors, administrators or assigns, have or may have, which arise out of or are connected with my employment with, or my separation from, the Company (including, but
not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended (including the Older Workers Benefit
Protection Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Civil Rights Act of 1866, as amended; the Worker Adjustment Retraining and Notification Act; the
Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or under any other federal, state or local civil or human rights law, or under any other
local, state, or federal law, regulation or ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge, breach of contract,
infliction of emotional distress, or defamation; or any claim for costs, fees, or other expenses, including attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to herein as the “Claims”);
provided, however, that nothing contained in this General Release shall apply to, or release the Company from, (i) any obligation of the Company contained in the Agreements to be performed after the date hereof, (ii) any vested or
accrued benefits pursuant to any employee benefit plan, program or policy of the Company, (iii) my right to appeal a denial of a claim for benefits 

  

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submitted under any health and welfare insurance program maintained by the Company for the benefit of me or my dependents, (iv) my right to file a claim
for unemployment insurance benefits or for workers’ compensation insurance benefits, (v) my right to seek indemnification or reimbursement of expenses under the Company’s organizational documents, By-Laws or any agreement concerning
indemnification or reimbursement of expenses, (vi) my right to director and officer insurance coverage, if any, (vii) my rights or claims to enforce the terms of the Agreements, (viii) any right or claim that I may have to obtain
contribution as permitted by applicable law in an instance in which both I , on the one hand, and the Company, any affiliate of the Company or any Released Party, on the other hand, are held to be jointly liable, (ix) any claim I may have as an
owner of stock in the Company, (x) any right or claim that may initially arise after the date hereof, or (xi) any obligation of the Company under the Registration Rights Agreement by and among the Company, Bean LLC and me dated
August 9,2007. 
 3. I represent that I have made no assignment or transfer of any right, claim, demand, cause of action, or other matter covered by
paragraph 2 above. 
 4. I agree that this General Release does not waive or release any rights or claims that I may have under the Age Discrimination in
Employment Act of 1967 which arise after the date I execute this General Release. I acknowledge and agree that my separation from employment with the Company in compliance with the terms of the Agreements shall not serve as the basis for any claim
or action (including, without limitation, any claim under the Age Discrimination in Employment Act of 1967). 
 5. In signing this General Release, I
acknowledge and intend that it shall be effective as a bar to each and every one of the Claims hereinabove mentioned or implied. I expressly consent that this General Release shall be given full force and effect according to each and all of its
express terms and provisions, including those relating to unknown and unsuspected Claims (notwithstanding any state statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as
well as those relating to any other Claims hereinabove mentioned or implied. I acknowledge and agree that this waiver is an essential and material term of this General Release and that without such waiver the Company would not have agreed to the
terms of the Agreements. I covenant that I shall not directly or, to the extent under my control, indirectly, commence, maintain or prosecute or sue any of the Released Persons either affirmatively or by way of cross-complaint or counterclaim on any
Claim released under this General Release. I further agree that in the event I should bring a Claim seeking damages against the Company with regard to any released claim, or in the event I should seek to recover against the Company in any Claim
brought by a governmental agency on my behalf released hereunder, this General Release shall serve as a complete defense to such Claims. I further agree that I am not aware of any pending charge or complaint of the type described in paragraph 2 as
of the execution of this General Release. 
 6. I agree that neither this General Release, nor the furnishing of the consideration for this General Release,
shall be deemed or construed at any time to be an admission by the Company, any Released Party or myself of any improper or unlawful conduct. 
 7. I agree
that this General Release is confidential and agree not to disclose any information regarding the terms of this General Release, except to my immediate family and any tax, legal or other counsel I have consulted regarding the meaning or effect
hereof or as required by law, and I will instruct each of the foregoing not to disclose the same to anyone. 
  

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 8. Any non-disclosure provision in this General Release does not prohibit or restrict me (or my attorney) from responding
to any inquiry about this General Release or its underlying facts and circumstances by the Securities and Exchange Commission, the National Association of Securities Dealers, Inc. or any other self-regulatory organization or governmental entity.

 9. Whenever possible, each provision of this General Release shall be interpreted in such manner as to be effective and valid under applicable law, but if
any provision of this General Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any
other jurisdiction, but this General Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 “Affiliate” means, with respect to any Person, any Person that controls, is controlled by or is under common control with such Person or
an Affiliate of such Person. 
 “Person” means an individual, a partnership, a limited liability company, a corporation, an
association, a joint stock company, a trust, a joint venture, an unincorporated organization, investment fund, any other business entity and a governmental entity or any department, agency or political subdivision thereof. 
 “Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association, or business entity
of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, or trustees thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, or (ii) if a limited liability company, partnership, association, or other business entity (other than a
corporation), a majority of partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof,
a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association, or other business entity (other than a corporation) if such Person or Persons shall be allocated a majority of
limited liability company, partnership, association, or other business entity gains or losses or shall be or control any managing director or general partner of such limited liability company, partnership, association, or other business entity.

 BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT: 
 (a) I HAVE READ IT CAREFULLY; 
 (b) I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVlNG UP IMPORTANT RIGHTS, lNCLUDING BUT NOT LIMITED TO,
RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS AMENDED; THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT
OF 1974, AS AMENDED; 
  

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 (c) I VOLUNTARILY CONSENT TO EVERYTHING IN IT; 
 (d) I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY (VIA THE AGREEMENT AND THIS RELEASE) BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN
VOLITION; 
 (e) I HAVE HAD AT LEAST 21 DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE SUBSTANTIALLY IN ITS FINAL FORM ON AUGUST 9, 2007 TO CONSIDER IT AND
THE CHANGES MADE SINCE THE AUGUST 9, 2007 VERSION OF THIS RELEASE ARE NOT MATERIAL AND WILL NOT RESTART THE REQUIRED 21-DAY PERIOD; 
 (f) THE CHANGES TO THE
AGREEMENT AND GENERAL RELEASE SINCE AUGUST 9, 2007 EITHER ARE NOT MATERIAL OR WERE MADE AT MY REQUEST. 
 (g) I UNDERSTAND THAT I HAVE SEVEN DAYS AFTER THE
EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE EIGHTH DAY FOLLOWING EXECUTION OF THE AGREEMENT AND GENERAL RELEASE; 
 (h) I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE ME WITH RESPECT TO IT; AND 
 (i) I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME. 

 

			
	DATE: 8/7/07	    	 

  

		    	Susan Strausberg

  

 7Separation and Release Agreement between the Registrant and Greg Adams

 Exhibit 10.23 
 SEPARATION AND RELEASE AGREEMENT 
 This
SEPARATION AND RELEASE AGREEMENT (“Agreement”), executed as of 4th day of January, 2008, is entered into by and between EDGAR ONLINE,
INC., a Delaware corporation with a principal place of business in Norwalk, Connecticut (together with its subsidiaries and affiliates being collectively referred to herein as “Company”) and GREG ADAMS, an individual residing in Ossining,
New York (“Executive”). 
 W I T N E S S E T H 
 WHEREAS, the Executive shall cease to be an employee of the Company as of the Separation Date (as hereinafter defined); 
 WHEREAS, the Executive and the Company desire to settle fully and finally any and all employment-related matters between them as of the Separation Date,
including, but not limited to, any issues that may arise out of the Executive’s employment with the Company and the termination thereof. 
 NOW, THEREFORE, in consideration of the mutual agreements and understandings set forth herein, intending to be legally bound, the parties hereto hereby agree as follows: 
  

	Section	1. Termination of Employment; Consideration and Benefits. 

  

	 	(a)	Termination of Employment. The Executive’s employment with the Company shall terminate as of the close of business on the earlier of filing of the Company’s Form
10-K for 2007 or March 15, 2008 (the “Separation Date”). 

  

	 	(b)	Consideration and Benefits. In consideration for the Executive’s agreement to be bound by the terms of this Agreement, the Executive shall be entitled to receive from
the Company the payments and severance benefits pursuant to Section 7(g), and as applicable the Severance Benefits as defined under Section 7(c), of the Executive’s Employment Agreement dated December 27, 2004 and as amended on
January 31, 2005 (the “Employment Agreement”). Executive’s payments and benefits under the Employment Agreement set forth in subparagraphs (i) through (vi) of this Section 1(b). 

  

	 	(i)	Company will pay the Executive a payment equal to (a) the Executive’s then current base salary and (b) the average of the last two cash bonuses paid to the Executive
in twelve (12) equal monthly installments over a one year period from the Separation Date; 

  

	 	(ii)	Reimburse the cost of outplacement counseling with the maximum cost to the Company not to exceed $25,000; 

  

	 	(iii)	Maintain health benefits for the Executive and his dependents for twelve (12) months from the Separation Date or until Executive obtains full-time employment with an employer
that provides comparable health coverage; 

  

					
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	 	(iv)	Continue the commutation allowance of $1,500 per month for the 12-month period from the Separation Date; 

  

	 	(v)	Allow Executive to elect to make contributions to the Company’s 401k Plan for the 12-month period from the Separation Date, however, such contributions will not receive any
Company matching contribution in effect at that time; and 

  

	 	(vi)	Executive’s stock options and other awards under the Company’s stock option plans shall immediately vest and remain exercisable for the period of the lesser of
(a) the original term of the stock option or (b) five years. 

  

	 	(c)	Furthermore, as additional consideration for the signing of this Agreement and compliance with the promises and conditions herein Company agrees to provide the additional payments
and benefits (collectively “Additional Consideration”) set forth in subparagraphs (i) through (iv) of this Section 1 (c). 

  

	 	(i)	All payments pursuant to this Agreement shall be made by the Company through its regularly scheduled payroll by wire transfer to the Executive’s account in which his payroll is
currently deposited; provided, that to the extent any such payment obligation remains unpaid by the Company for ten (10) business days after written notice is given by the Executive to the Company the unpaid, past due amount shall accrue interest at
the rate of one half percent (0.5%) per month until paid. 

  

	 	(ii)	Continued access to Company email for one (1) month after Separation Date; 

  

	 	(iii)	Ownership of Company laptop used by Executive with Company software and data removed; and 

  

	 	(iv)	A paid up license to use the Company’s I-Metrix Pro product for a period of three (3) years from the Separation Date. 

 2. Release. Executive understands and agrees that he would not receive the payments and benefits under the Employment Agreement and the Additional Consideration
absent the execution of this Separation and Release Agreement. 
  

	 	(a)	On the Separation Date the Executive knowingly and voluntarily releases and forever discharges the Company and the Company’s parents, subsidiaries and affiliates, together with
all of their respective past and present directors, managers, officers, partners, employees and attorneys, and each of their predecessors, successors and assigns, and any of the foregoing in their capacity as a shareholder or agent of the Company
(collectively, “Releasees”) from any and all claims, charges, complaints, promises, agreements, controversies, liens, demands, causes of action, obligations, damages and liabilities of any nature whatsoever, known or unknown, suspected or
unsuspected, which against them the Executive or his executors, 

  

					
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administrators, successors or assigns ever had, now have, or may hereafter claim to have against any of the Releasees by reason of any matter, cause or thing
whatsoever arising on or before the Separation Date and whether or not previously asserted before any state or federal court or before any state or federal agency or governmental entity (the “Release”). The Release includes, without
limitation, any rights or claims relating in any way to the Executive’s employment relationship with the Company or any of the Releasees, or the termination thereof, or arising under any statute or regulation, including, but not limited to, the
Age Discrimination in Employment Act of 1967, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Americans with Disabilities Act of 1990, the Employee Retirement Income Security Act of 1974, The New York State and New York
City Human Rights Laws, Connecticut Fair Employment Practices Act Connecticut Family and Medical Leave Law, and the federal Family Medical Leave Act of 1993, each as amended, or any other federal, state or local law, regulation, ordinance or common
law, or under any policy, agreement, understanding or promise, whether written or oral, formal or informal, between any of the Releasees and the Executive. 

  

	 	(b)	Nothing herein shall be deemed to release any of the Executive’s rights under this Agreement. 

  

	 	(c)	The Executive represents that the Company has advised him to consult with an attorney of his choosing prior to signing this Agreement. The Executive further represents that he
understands and agrees that he has the right and has in fact reviewed this Agreement and, specifically, the Release, with an attorney of the Executive’s choice. The Executive further represents that he understands and agrees that the Company is
under no obligation to offer him this Agreement, and that the Executive is under no obligation to consent to the Release, and that he has entered into this Agreement freely and voluntarily. 

  

	3.	Confidentiality. 

 During the period commencing on
the Separation Date and continuing for one (1) year thereafter, Executive will adhere to the provisions of Section 8 of the Employment Agreement regarding confidential information, the terms of which section are hereby incorporated by
reference. Except for those Agreement terms which are publicly disclosed by Company, Executive shall treat the terms of this Agreement as confidential and shall not disclose the terms of this Agreement except to his immediate family, legal,
accounting, or financial advisors. 
  

					
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	4.	Non-Competition; Non-Solicitation. 

  

	 	(a)	During the period commencing on the Separation Date and continuing for one (1) year thereafter Executive shall comply with the non-competition terms of Section 8 of the
Employment Agreement the terms of which are hereby incorporated by reference. 

  

	 	(b)	During the period commencing on the Separation Date and continuing for one (1) year thereafter, the Executive shall comply with the non-solicitation terms of Section 8 of
the Employment Agreement the terms of which are hereby incorporated by reference. 

  

	5.	Cooperation. 

 The Executive agrees that he will
fully cooperate in any litigation or government investigation in which the Company or any of the Company’s parents, subsidiaries and affiliates may become involved such cooperation shall include the Executive making himself available, upon the
request of the Company, for depositions, court appearances and interviews by Company’s counsel. To the maximum extent permitted by law, the Executive agrees that he will notify the Chairman of the Board of Directors of the Company and the
Chairman of the Audit Committee of the Board of Directors of the Company if he is contacted by any government agency or any other person contemplating or maintaining any claim or legal action against the Company or any of the Company’s parents,
subsidiaries and affiliates, or by any agent or attorney of such person. 
  

	6.	Proceedings. 

 The Executive has not filed, and
agrees not to initiate or cause to be initiated on his behalf, any complaint, charge, claim or proceeding against the Company before any local, state or federal agency, court or other body relating to his employment or the separation or termination
of his employment, other than with respect to the obligations of the Company to the Executive under this Agreement, (each individually, a “Proceeding”), and agrees not to voluntarily participate or join in any Proceeding, provided
however, this Separation and Release Agreement does not preclude Executive from filing a charge of discrimination with the U.S. Equal Employment Opportunity Commission (“EEOC”) or any analogous state or local agency. Executive,
however, waives any right he may have to recover monetary or other damages, or attorneys’ fees or costs, based on any such charge of discrimination or any action initiated by Executive or on his behalf by a third party. 
  

	7.	Notice. 

 For purposes of this Agreement, notices
and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered or mailed by United States registered mail, return receipt requested, postage prepaid as follows: 

 

					
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 If to the Company: 
 EDGAR Online, Inc. 
 50 Washington Street 
 South Norwalk, Connecticut 06854 
 Attention: Richard Rosenfeld, General Counsel 
 If to the Executive: 
 Greg Adams 
 15 Highview Road 
 Ossining, NY 10562 
 or such other address as either party
may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt. 
  

	8	Miscellaneous. 

  

	 	(a)	Enforcement; Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut without regard to its
conflicts of law principles. The Company shall have the right, without prejudice to any other rights or remedies it might have under the law which are reserved, to obtain injunctive relief to restrain any breach or threatened breach by the Executive
of this Agreement or otherwise to specifically enforce any provision of this Agreement; provided, however, that such right to injunctive relief does not preclude the Company from seeking monetary damages for a breach by the Executive of this
Agreement; and provided, further, that the Company shall not be precluded from seeking monetary damages from the Executive that exceed the amount of the Company’s obligations to Executive. 

  

	 	(b)	Headings. The section and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. 

  

	 	(c)	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the
same instrument. 

  

	 	(d)	Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public policy, all other conditions
and provisions of this Agreement shall nevertheless remain in full force and effect. 

  

	 	(e)	Successors. This Agreement shall be binding upon and shall inure to the benefit of each of the parties hereto, and their respective heirs, legatees, executors,
administrators, legal representatives, successors and assigns. The provisions of Section 2(a) hereof are intended to be for the benefit of, and shall be enforceable by, each Releasee and his, her or its, heirs and representatives.

  

					
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	 	(f)	Withholding. Executive acknowledges and agrees that Company has not made any representations to him regarding the tax consequences of, or financial advice with respect to,
any amounts received by him pursuant to this Agreement. All payments made by the Company to the Executive pursuant to Section l(b) of this Agreement shall be reduced by all federal, state, city or other taxes that are required to be withheld or
deducted pursuant to any law or governmental regulation. The Company, its officers and directors, employees or agents shall not be liable for any losses or penalties incurred by Executive in connection with the taxation of any payments or benefits
pursuant to this Agreement or the Employment Agreement. 

 THE EXECUTIVE
SHALL HAVE TWENTY-ONE (21) DAYS TO CONSIDER THIS AGREEMENT AND ONCE HE HAS SIGNED THIS AGREEMENT, THE EXECUTIVE SHALL HAVE SEVEN (7) ADDITIONAL DAYS FROM THE DATE OF EXECUTION TO REVOKE HIS CONSENT TO THE RELEASE SET FORTH ABOVE. Any such
revocation shall be made by delivering written notification to the Company as specified in the notice section above. In the event that the Executive revokes his Release, all the terms of the other sections and subsections of this Agreement, other
than Section 1 (a) hereof, shall be null and void and shall not become effective. If no such revocation occurs, the Release and this Agreement shall become effective as of the eighth (8th) day after the date the Executive signs this Agreement. 
 Executive
acknowledges that he has read this Separation and Release Agreement and that he understands and voluntarily accept its terms. 
 IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written. 
  

			
	EDGAR ONLINE, INC.
		
	By: 	 	 

  

	Name:	 	Philip Moyer
	Title:	 	CEO
		
		 	 

  

	By:	 	GREG ADAMS

  

					
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