TERMINATION AGREEMENT AND MUTUAL RELEASETermination Agreement and Mutual Release • October 24th, 2008 • Neonode, Inc • Telephone communications (no radiotelephone) • New York
THIS TERMINATION AGREEMENT AND MUTUAL RELEASE (the “Release”) is made and entered into on this 15th day of October 2008, by and among (1) Distribution Management Consolidators Worldwide, LLC, a Delaware limited liability company having its principal place of business at 105 Madison Avenue, New York, NY 10016 (“DMC Worldwide”), (2) Neonode, Inc., a corporation having a principal place of business at 4000 Executive Pkwy., Suite 200, San Ramon, CA 94583 (“Neonode”), (3) Neonode AB, a Swedish corporation having a principal place of business at Warfvingesv’g 45, SE-112 51 Stockholm, Sweden (“Neonode AB”) (Neonode AB together with Neonode, the “Neonode Parties”), and (4) Neonode USA, LLC, a Delaware limited liability company having a principal place of business at 105 Madison Avenue, New York, NY 10016 (“Neonode USA”) (all the parties together, the “Parties,” and each individually, a “Party”).
