Common use of EXECUTIVE’S SEPARATION Clause in Contracts

EXECUTIVE’S SEPARATION. Executive’s separation from Company will be effective as of the close of business on June 30, 2013 (the “Separation Date”). Executive hereby resigns as an employee, director, officer and from any other position he may hold at Company and each of its Affiliates, effective as of the Separation Date. For purposes of this Agreement, Affiliates means any person, entity or organization that controls, is controlled by or under common control with Company or Executive, respectively. For purposes of this Agreement, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management of a person, entity, partnership, joint venture, trust, business or other organization or association, whether through ownership of voting securities, as trustee or executor, by contract or any other means. For clarity, the Affiliates of Executive include Kind Chin, CRB Holdings and ▇▇▇▇▇ Brothers, Inc., and the Affiliates of Company include Counsel Corporation, Counsel RB Capital LLC (“CRB”) and Heritage Global Partners, Inc. (“HGP”).

EXECUTIVE’S SEPARATION. Executive’s separation from Company will be effective as of the close of business on June 30, 2013 (the “Separation Date”). Executive hereby resigns as an employee, director, officer and from any other position he may hold at Company and each of its Affiliates, effective as of the Separation Date. For purposes of this Agreement, Affiliates means any person, entity or organization that controls, is controlled by or under common control with Company or Executive, respectively. For purposes of this Agreement, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management of a person, entity, partnership, joint venture, trust, business or other organization or association, whether through ownership of voting securities, as trustee or executor, by contract or any other means. For clarity, the Affiliates of Executive include Kind ChinForsons, CRB Holdings and ▇▇▇▇▇ Brothers, Inc., and the Affiliates of Company include Counsel Corporation, Counsel RB Capital LLC (“CRB”) and Heritage Global Partners, Inc. (“HGP”).