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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (5429)	5/20/1998 12:35:00 PM
From: DiViT	Read Replies (1) \| Respond to of 6297

Busted #2.... ------------ SETTLEMENT AGREEMENT WITH MARK KOZ. The Company has entered into a Settlement Agreement with Mark C. Koz which was adopted by the Company's Litigation Committee of the Board of Directors. The Settlement Agreement concerns the lawsuit recently filed by the Company regarding Jettson Realty Development Corporation and concerns transactions and contracts, including stock options and consulting agreements, entered into by the Company while Mr. Koz was an officer and director of the Company. The parties enter into this settlement in light of their desire to resolve any issues and in light of the Company's dependence on Mr. Koz for future technology. Under the terms of the Settlement Agreement, Mr. Koz has agreed to return to the Company for cancellation 500,000 shares of Common Stock in exchange for a mutual release. See "Legal Proceedings" for a discussion regarding the Jettson Realtylitigation.