SETTLEMENT AGREEMENT AND RELEASESettlement Agreement • May 15th, 2008 • National Investment Managers Inc. • Investment advice • Ohio
This SETTLEMENT AGREEMENT AND RELEASE (this “Release”), dated as of May 15, 2008 (the “Effective Date”), is by and among NATIONAL INVESTMENT MANAGERS INC., a Florida corporation (“Buyer”), RENEE J. CONNER (“Conner”) and WILLIAM E. RENNINGER (“Renninger” and together with Conner, “Sellers” and each, a “Seller”). Buyer and Sellers are sometimes referred to herein collectively as the “Parties” and each individually as a “Party”. Unless the context otherwise requires, terms used in this Release that are capitalized and not otherwise defined in context shall have the meanings set forth or cross-referenced in Exhibit A attached hereto.
