RESIGNATION AND COMPROMISE AGREEMENTResignation and Compromise Agreement • November 8th, 2007 • Syntroleum Corp • Crude petroleum & natural gas • New York
The Company agrees to assign and transfer ownership of these certain items listed below to the Executive on the later of thirty (30) days of execution of this Agreement or within a reasonable period thereof as required to coordinate with the third party vendors of the Company. Syntroleum GRANTS, BARGAINS, SELLS, CONVEYS, ASSIGNS, TRANSFERS AND DELIVERS unto Executive and TI, its successors and assigns, effective as of the date hereof, certain of Syntroleum’s equipment as more particularly described below. All items are to be provided to the Executive in current condition on an “AS IS, WHERE IS” basis, without any further obligation of support by the Company or any of its vendors.
