MEMORANDUM OF UNDERSTANDINGRottlund Co Inc • February 19th, 2002 • Operative builders
Company FiledFebruary 19th, 2002 IndustryThis Memorandum of Understanding ("Memorandum") is entered into by and among (i) plaintiff James Biglan ("plaintiff"); (ii) The Rottlund Company ("Rottlund" or the "Company"); and (iii) the directors of Rottlund named as individual defendants (the "Individual Defendants") (collectively with Rottlund the "defendants") in the action captioned James Biglan v. David H. Rotter, et al., File No. 02-1211, before the Hennepin County District Court in Minneapolis, Minnesota (respectively, the "Action" and the "Court").