Common Contracts

MUTUAL AGREEMENT AND RELEASE

Mutual Agreement and Release • March 11th, 2022 • Delaware

• Contract Type
  Mutual Agreement and Release
• Filed
  March 11th, 2022
• Jurisdiction
  Delaware

, 2022 (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 Land Unit B, LLC (“Land Unit B”, 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”) (all of the foregoing collectively identified herein as the “Parties”).