MUTUAL RELEASE AGREEMENT RELATED TO EBITDA AND EARNOUT PROVISIONSMutual Release Agreement • March 30th, 2009 • Express-1 Expedited Solutions Inc • Transportation services • Michigan
THIS MUTUAL RELEASE AGREEMENT (the “Agreement”) is hereby entered into by and between Express-1 Expedited Solutions, Inc., a Delaware corporation (the “Company”); Concert Group Logistics, Inc., a Delaware corporation (“Buyer”); Concert Group Logistics, LLC, an Illinois Limited Liability Company (“Seller”); Daniel Para, a resident of Illinois (“Selling Parties Representative”); Gerry Post, a resident of Illinois (“Post”); Efrain Maldonado, a resident of Illinois (“Maldonado”); John Musolino, a resident of Illinois (“Musolino”) (Selling Parties Representative, Post, Maldonado, and Musolino are referred to herein as the “Principals”); Dan Para Investments, LLC, a Delaware limited liability company (“Para Investments”); the Gerald H. Post Trust dated October 12, 2006 (“Post Trust”); and the John M. Musolino Revocable Trust dated January 9, 2003 (“Musolino Trust”) (Maldonado, Para Investments, Post Trust and Musolino Trust are referred to herein as the “Members”), hereinafter the “Parties”.
