EMPLOYMENT SEPARATION AGREEMENT
THIS EMPLOYMENT SEPARATION AGREEMENT (this "Agreement") is made and entered into as of the
6th day of November, 2003, by and between LIQUIDMETAL TECHNOLOGIES, INC., a Delaware
corporation ("Company"), and THOMAS N. TROTTER, an individual ("Employee").
A. Pursuant to the Employment Agreement, dated December 1, 2002, by and between Company and Employee
(the "Employment Agreement"), Employee is currently employed by Company as Senior Vice President of
Manufacturing of Company.
B. Employee wishes to terminate his employment with Company.
C. Employee and Company have reached agreement on the terms of Employee's departure, and both parties
view their separation as amicable.
NOW, THEREFORE, in consideration of the premises and covenants contained in this Agreement, the parties
hereto, intending to be legally bound, agree as follows:
1. RECITALS. The above recitals are true and correct and are made a part hereof.
2. TERMINATION OF EMPLOYMENT AGREEMENT. Company and Employee hereby agree that, except
as specifically provided in this Agreement, the Employment Agreement is terminated effective December 31,
2003, and except as set forth in Section 5 below and except as otherwise specifically provided in this Agreement,
neither Company nor Employee shall have any further rights, obligations, or duties under the Employment
Agreement as of December 31. 2003. During the period between the execution of this Agreement and December
31, 2003, Employee will continue to be available for consultation, guidance, project completion, and travel to any
of the Company locations, if necessary, and as directed by the Chief Operating Officer.
3. SEPARATION PAYMENTS. In consideration of Employee's agreement to the terms of this Agreement,
Company will pay Employee the following amounts (the "Separation Payments"):
a. Company will continue to pay to Employee an amount equal to the Employee's base salary of $8,333.33 semi-
monthly as in effe