RELEASE AGREEMENTNon-Qualified Stock Option Award • December 10th, 2010 • Health Discovery Corp • Patent owners & lessors • Georgia
The signatures below indicate the understanding and agreement of Mr. Tobin and HDC with all of the terms in this Agreement. Mr. Tobin should take this Agreement home and carefully consider all of its provisions before signing it. Mr. Tobin may take up to twenty-one (21) days to decide whether Mr. Tobin wants to accept and sign this Agreement. Also, if Mr. Tobin signs this Agreement, Mr. Tobin will then have an additional seven (7) days in which to revoke Mr. Tobin’s acceptance of this Agreement after Mr. Tobin has signed it. This Agreement will not be effective or enforceable, nor will any consideration be paid, until after the seven (7) day revocation period has expired. Again, Mr. Tobin is free and encouraged to discuss the contents and advisability of signing this Agreement with his attorney, David Stockton, or another attorney of Mr. Tobin’s choosing.
