RELEASE AND SEVERANCE AGREEMENT
This RELEASE AND SEVERANCE AGREEMENT is made and entered into effective as of the 19 th day of May, 2006, by
and between Randall L. Hull (“Hull”), on the one hand, and Environmental Power Corporation (“EPC”) and Microgy, Inc.
(“Microgy”), on the other hand (EPC and Microgy together, and collectively with their former, current and future parents,
agents, officers, directors, employees, successors, predecessors, and affiliated companies, the “Company”).
A. The Company and Hull are parties to that certain letter agreement, dated June 21, 2005, relating to the terms of his
employment with Microgy (the “Employment Letter”).
B. The Company and Hull are parties to an Employee Proprietary Information and Inventions Agreement (the “Employee
C. The Company terminated Hull’s employment on March 14, 2006 (the “Termination Date”).
D. It is a condition of the Company’s obligation to make any severance payments under the Employment Letter that Hull
agree to execute a release in form satisfactory to the Company.
E. The Company and Hull desire to make certain other arrangements in addition to those provided for under the
For good and valuable consideration, including the covenants hereinafter set forth, Hull and the Company agree as
1. General Release
Hull, for the valuable consideration set forth below, for himself and anyone who may claim through him, including, but not
limited to, his personal representatives, heirs, and assigns, does hereby irrevocably and unconditionally release and forever
discharge the Company and its affiliated corporations of any nature, each of their agents, directors, officers, employees,
representatives, attorneys, predecessors, successors, heirs, executors, administrators and assigns, and all persons acting by,
through, under or in concert with any of them (collectively “Releasees”) of and from any and all claims, assertion of claims,
expenses, debts, deman