SETTLEMENT AGREEMENT AND MUTUAL RELEASE. In partial consideration of the licenses granted herein and in consideration of the mutual promises set forth in this Agreement, the parties agree to enter into the Settlement Agreement and General Release attached hereto as Schedule D.
SETTLEMENT AGREEMENT AND MUTUAL RELEASE. This Settlement Agreement and Mutual Release (the "Agreement") is made this 12th day Of February 2024, and is entered into between Xxxxx Xxxxxxx ("Xxxxx"), Xxxxxxxxx Xxxxxxx ("Xxxxxxxxx") (Xxxxx and Xxxxxxxxx are collectively, the "Pezzutos" or "Plaintiffs") and Global Arena Holding, Inc., a Delaware corporation, ("GAHC") and Global Election Services, Inc., a Delaware corporation, ("GES") (GAHC and GES are collectively, the "Defendants") (Xxxxx, Christian, GAHC, and GES are collectively, the "Parties" and each a "Party").
SETTLEMENT AGREEMENT AND MUTUAL RELEASE. (c) If a Party fails to make the appointment of an arbitrator as provided in Section 6(b), the AAA shall make the appointment. If the appointed arbitrators fail to appoint a chairperson within the time specified in Section 6(b) and there is no agreed extension of time, the AAA shall appoint the chairperson.
(d) The arbitrators will render their award in writing and, unless all Parties agree otherwise, will include an explanation in reasonable detail of the reasons for their award. Judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. The arbitrators will have the authority to grant injunctive relief and other specific performance; provided that the arbitrators will have no authority to award damages in contravention of this Settlement Agreement, and each Party irrevocably waives any claim to such damages in contravention of this Settlement Agreement. The arbitrators will, in rendering their decision, apply the substantive law of the State of New York, without giving effect to conflict of law provisions that may require the application of the laws of another jurisdiction. The decision and award rendered by the arbitrators will be final and non-appealable (except for an alleged act of corruption or fraud on the part of the arbitrator).
(e) The Parties shall use their reasonable efforts to conduct all dispute resolution procedures under this Settlement Agreement as expeditiously, efficiently, and cost-effectively as possible.
(f) All expenses and fees of the arbitrators and expenses for hearing facilities and other expenses of the arbitration will be borne equally by the Parties unless the Parties agree otherwise or unless the arbitrators in the award assess such expenses against one of the Parties or allocate such expenses other than equally between the Parties. Each of the Parties will bear its own counsel fees and the expenses of its witnesses except to the extent otherwise provided in this Settlement Agreement or by applicable law.
SETTLEMENT AGREEMENT AND MUTUAL RELEASE. In the event that the Company and GFI do not enter into the Settlement Agreement and Mutual Release by the Closing Date, the Parent shall and shall cause the Surviving Corporation to, cooperate with GFI to enter into the Settlement Agreement and Mutual Release. Any recoveries (inclusive of any reduction in the amount of the Company's obligations) in connection with the Settlement Agreement and Mutual Release (net of expenses) shall be for the account of the Stockholders and the Optionholders in accordance with their Applicable Percentages.
SETTLEMENT AGREEMENT AND MUTUAL RELEASE. On October 6, 2021, the Florida Department of Health (“FDOH”) issued a Notice of Violation to Xxxxxxx X. Xxxx, Administrator for Xxxx County Government, alleging that Xxxx County Government violated section 381.00316, Florida Statutes, a sum total of 714 times. On November 1, 2021, Xxxx County Government timely submitted a Petition for Formal Administrative Petition, and on December 1, 2021, timely submitted an Amended Petition for Formal Administrative Petition for an administrative hearing pursuant to sections 120.569 and 12.057, Florida Statutes (“Administrative Petition”). Upon consideration of the allegations pled by FDOH in its Notice of Violation and the Administrative Petition filed by Xxxx County Government, the parties agree as follows:
SETTLEMENT AGREEMENT AND MUTUAL RELEASE. As security for its obligation to pay the Second Installment of the Settlement Payment, Abeona will provide REGENXBIO with an irrevocable standby letter of credit in the amount of $5,000,000.00 guaranteed by a reputable financial institution formed under the federal laws of the United States and which is reasonably acceptable to REGENXBIO within [****] of the Effective Date. The First Installment of the Settlement Payment, Second Installment of the Settlement Payment, and Third Installment of the Settlement Payment will be made via wire transfer. [****].
SETTLEMENT AGREEMENT AND MUTUAL RELEASE other intellectual property rights of XXXXXXXXX. For the avoidance of doubt, the foregoing release does not apply to any claim, demand, action, judgment, or execution that Xxxxxx may have, initiate, or obtain against REGENXBIO for a breach of any obligation under this Settlement Agreement.
SETTLEMENT AGREEMENT AND MUTUAL RELEASE event that any such disclosure requires filing of this Settlement Agreement with the SEC, the Parties agree to share proposed redactions and take reasonable comments from the other Party.
SETTLEMENT AGREEMENT AND MUTUAL RELEASE. This SETTLEMENT AGREEMENT AND MUTUAL RELEASE (the “Agreement”) is entered into this day of March, 2013 by and between the following parties (the “Parties”): Plaintiff Xxxxx Xxxxx (“Plaintiff”) and Defendants Xxxxx Xxxx Xxx; Journg Xxxx Xxx; Xxxx Yoga & Health Centers, Inc. (“Xxxx”); Tao Fellowship; BR Consulting, Inc.; Mago Earth, Inc. (“Mago”); Vortex, Inc.; CGI, Inc.; and Oasis Arabians, LLC (collectively “Defendants”), under the hereinafter described terms and conditions.
SETTLEMENT AGREEMENT AND MUTUAL RELEASE. At the closing, the Noteholders and USD shall execute and deliver a Settlement Agreement and Mutual Release in the form attached hereto as Exhibit "D" pursuant to which (i) the Noteholders shall agree to the cancellation of certain notes issued to the Noteholders by USD in connection with the Prior Stock Sale in the aggregate principal amount of $3,023,590.71 and as set forth in Schedule A attached thereto (the "Canceled Notes"), (ii) certain unpaid interest due in respect of the Canceled Notes and the Assumed Notes owned by Lee xxx Enhoxx xxxl be assumed and paid by the Company and (iii) Lee xxx Enhoxx, xx the one hand, and USD, on the other hand, shall mutually release each other relating to any and all claims arising from the Prior Stock Sale.
