Termination Agreement
FiEE, Inc.
TERMINATION AGREEMENT
This Termination Agreement (this “Agreement”) is made as of [●], 2026, by and between FiEE, Inc., a Delaware corporation (the “Company”) and [NAME OF DIRECTOR] (the “Director”).
WHEREAS, the Director is a member of the board of directors of the Company (the “Board”);
WHEREAS, the Company and the Director are parties to that certain Director Agreement, dated as of [●] (the “Director Agreement”); and
WHEREAS, the Company and the Director wish to terminate the Director Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Termination of Director Agreement. The Director Agreement is hereby terminated in its entirety as of the date hereof and neither the Company nor the Director shall have any further rights or obligations thereunder or any continuing liability to the other party thereto. For the avoidance of doubt, the Director is not resigning from the Board and the Director shall continue to serve on the Board following the termination of the Director Agreement until his or her successor shall be elected or until his or her death, resignation or removal.
2. Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to any conflicts of laws principles.
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