Torvec Inc – Settlement Agreement and Release (March 31st, 2009)
THIS SETTLEMENT AGREEMENT AND RELEASE is entered into as of the 31st day of December, 2008 (hereinafter referred to as the Effective Date), by and between TORVEC, INC., JAMES Y. GLEASMAN a/k/a JAMES A. GLEASMAN (hereinafter James Y. Gleasman), KEITH E. GLEASMAN, RICHARD B. SULLIVAN, GARY A. SICONOLFI and FLOYD G. CADY JR. (hereinafter collectively referred to as the Torvec Parties), on the one hand, and CXO ON THE GO, LLC, CXO ON THE GO OF DELAWARE, LLC, PHILIP A. FAIN, READ D. MCNAMARA, RICHARD E. OTTALAGANA, and ROBERT F. GREEN (hereinafter collectively referred to as the CXO Parties) (the Torvec Parties and the CXO Parties are herein collectively referred to as the Parties).
Torvec Inc – Of the Board of Directors of Torvec, Inc. Held on October 19, 2004 (April 19th, 2006)
The meeting of the board of Torvec was held at the offices of the company. All directors were present, either in person or by telephonic conference. Also present were Richard Ottalagana, CEO, Philip Fain, CFO, Sam Bronsky, CAO and Richard Sullivan, counsel.