Stock Repurchase Option and Severance AgreementStock Repurchase Option and Severance Agreement • September 4th, 2013 • U.S. Rare Earths, Inc • Services-advertising • New York
This Stock Repurchase Option and Severance Agreement (this "Agreement"), entered into as of August 14, 2013, sets forth the terms of the agreement by and between U.S. Rare Earths, Inc. (the "Company") and Daniel McGroarty (McGroarty) regarding McGroarty 's resignation from the Company, the granting by McGroarty to the Company of certain options to repurchase certain shares of Company common stock owned by McGroarty, and the mutual release by the parties hereto of claims and their agreement not to sue.
