MUTUAL RELEASE AND SETTLEMENT AGREEMENTSettlement Agreement • April 6th, 2011 • NTS Mortgage Income Fund • Real estate investment trusts • Florida
THIS MUTUAL RELEASE AND SETTLEMENT AGREEMENT (the “Agreement”), effective as of the date last signed by the “Parties” identified below, is entered into by and between LAKE FOREST MASTER COMMUNITY ASSOCIATION, INC. (“Association”); ORLANDO LAKE FOREST JOINT VENTURE, a Florida Joint Venture (“OLFJV”); ORLANDO LAKE FOREST, INC., a Florida corporation (“OLF”); NTS MORTGAGE INCOME FUND, a Delaware corporation (“NTSMIF”); OLF II CORPORATION, a Florida corporation (“OLFII”); and ORLANDO CAPITAL CORPORATION (“OCC”)(OLFJV, OLF, NTSMIF, OLFII, and OCC are sometimes collectively referred as the “OLFJV Entities”); and AMICK CONSTRUCTION, INC., a Florida corporation (“Amick”); ANDREYEV ENGINEERING, INC., a Florida corporation (“Andreyev”); BBM CLEARING & GRADING CONTRACTORS, LLC, a dissolved Florida limited liability company (“BBM”); DE WITT EXCAVATING, INC., a Florida corporation (“DeWitt”); DURA-STRESS, INC., a Florida corporation (“Dura-Stress”); DYER, RIDDLE, MILLS AND PRECOURT, INC., a Florida
