ContractSettlement Agreement • May 5th, 2020 • Georgia
Contract Type FiledMay 5th, 2020 Jurisdiction<DOCUMENT> <TYPE>EX-99.1 <SEQUENCE>2 <FILENAME>efc7-0823_6055769ex991.txt <TEXT> Exhibit 99.1 SETTLEMENT AGREEMENT AND MUTUAL RELEASES THIS SETTLEMENT AGREEMENT AND MUTUAL RELEASES (the "Agreement") is made and entered into this 29th day of January, 2007, among RUFUS T. DORSEY, IV (the "Examiner"), Court-approved Examiner for New Power Holdings, Inc. and TNPC Holdings, Inc., and LOU L. PAI ("Pai"), an individual residing in Sugar Land, Texas. RECITALS NewPower Holdings, Inc. ("Holdings"), TNPC Holdings, Inc. ("TNPC") and The New Power Company ("New Power"; Holdings, TNPC, and New Power are hereinafter referred to collectively as the "New Power Parties"), each a Delaware corporation, were created for the stated purpose of conducting retail marketing and sale of natural gas and electricity to residential, commercial and industrial customers nationwide. Holdings and TNPC are holding companies, while New Power was an operating company. The corporate existence of the New Power Parties began