AMENDMENT NO. ONE TO ASSET PURCHASE AGREEMENTAsset Purchase Agreement • August 16th, 2021 • JanOne Inc. • Retail-home furniture, furnishings & equipment stores • Nevada
Amendment No. One to Asset Purchase Agreement (this “Amendment”), dated as of August 12, 2021 (the “Effective Date”), is entered into among ARCA Recycling, Inc., a California corporation (“ARCA”), Customer Connexx LLC, a Nevada limited liability company (“Connexx”, and with ARCA, the “Sellers”), JanOne Inc., a Nevada corporation (“Parent”), and ARCA Affiliated Holdings Corporation, a Delaware corporation (“Affiliated”), ARCA Services Inc., a Delaware corporation (“ARCA Services”), and Connexx Services Inc, a Delaware corporation (“Connexx Services”, and with Affiliated and ARCA Services, the “Buyers”). The Persons referred to in the previous sentence are sometimes referred to as the “Parties”, and each of such Persons, a “Party”).
Certain identified information has been omitted from this document because it is both not material and would be competitively harmful if publicly disclosed, and had been marked with “[***]” to indicate where omissions have been made. SETTLEMENT...Settlement Agreement • August 16th, 2021 • JanOne Inc. • Retail-home furniture, furnishings & equipment stores • Nevada
This Settlement Agreement and Mutual Release of Claims (“Agreement”) is made and entered into on the last day set forth on the signature page hereto (the “Effective Date”) by and among JANONE INC. (F/K/A APPLIANCE RECYCLING CENTERS OF AMERICA. INC.) (“JanOne”); GEOTRAQ, INC. (“GeoTraq”) (JanOne and GeoTraq hereinafter referred to collectively as “Plaintiffs”); ANTONIOS (“TONY”) ISAAC (“T. Isaac”). as indemnitee of JanOm (Plaintiffs and T. Isaac hereinafter referred to collectively as the “JanOne Parties”): and GREG SULLIVAN (“Sullivan” or “Defendant”), for the purpose of resolving by compromise and settlement. all claims, liabilities and disputes among the parties. In the remainder of this Agreement, Plaintiffs. T. Isaac. and Sullivan shall be referred to collectively as the “Parties” and any one of the Parties may be referred to as a “Party”.
