0001144204-12-039430 Sample Contracts

SEVERANCE AND RELEASE AGREEMENT
Severance Agreement • July 13th, 2012 • Chelsea Therapeutics International, Ltd. • Biological products, (no disgnostic substances) • North Carolina

This SEVERANCE AND RELEASE AGREEMENT (the “Agreement”) is made and entered into this 9th day of July, 2012 by and between Dr. Simon Pedder, an individual residing in Fort Mill, South Carolina (hereinafter “Executive”) and Chelsea Therapeutics International, Ltd., a Delaware corporation with its principal place of business in Charlotte, North Carolina (the “Company”).

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