CONFIDENTIAL SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement • May 17th, 2011 • Lectec Corp /Mn/ • Electromedical & electrotherapeutic apparatus • Texas
This Settlement Agreement and Mutual Release (“Agreement”), effective as of the date of the last signature appearing below (“Effective Date”), is by and between LecTec Corporation, a Minnesota corporation, having a principal place of business at 1407 South Kings Highway, Texarkana, Texas 75501 (‘‘LecTec’’), and Chattem, Inc., a Tennessee corporation with its principal place of business at 1715 W. 38th Street, Chattanooga, Tennessee 37409 (“Chattem”). LecTec and Chattem are sometimes referred to herein individually as a “Party” and collectively as “Parties.”
