Common Contracts

MUTUAL AGREEMENT AND RELEASE

Mutual Agreement and Release • December 13th, 2021 • Delaware

• Contract Type
  Mutual Agreement and Release
• Filed
  December 13th, 2021
• Jurisdiction
  Delaware

, 2021 (the “Effective Date”), by and between Dewey Beach Enterprises, Inc. (“DBE”), Ruddertowne Redevelopment, Inc. (“RR”), Lighthouse Cove Dewey Beach Land Unit C, LLC (“LC Unit C”), Lighthouse Cove Dewey Beach Land Unit F, LLC (“LC Unit F”), Lighthouse Cove Dewey Beach Land Unit G, LLC (“LC Unit G”), Lighthouse Cove Dewey Beach Land Unit H, LLC (“LC Unit H”), Lighthouse Cove Dewey Beach Land Unit L, LLC (“LC Unit L”), Lighthouse Cove Dewey Beach Land Unit L-A, LLC (“LC Unit L-A”), Lighthouse Cove Development Company II, LLC (“LC II”) (DC, LC Land, LC Unit C, LC Unit F, LC Unit G, LC Unit H, LC Unit L, LC Unit L-A and LC II (collectively referenced herein as the “Condo Owners” and together with DBE and RR, the “Owners”) and the Town of Dewey Beach, DE (“Dewey Beach” or the “Town”).