MUTUAL AGREEMENT AND RELEASEMutual Agreement and Release • March 18th, 2022
Contract Type FiledMarch 18th, 2022, 2022 (the “Effective Date”), by and between Dewey Beach Enterprises, Inc. (“DBE”), Ruddertowne Redevelopment, Inc. (“RRI”), 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”).