SETTLEMENT AGREEMENT FOR SENIOR CONVERTIBLE NOTESettlement Agreement • December 9th, 2008 • Zap • Motorcycles, bicycles & parts
This SETTLEMENT (this "Settlement Agreement"), dated December 5, 2008, is entered into by and between ZAP, Inc., a California corporation (the "Company") and AL YOUSUF LLC (hereafter, jointly and individually referred to as "Releasing Party"). The Company and Releasing Party are sometimes referred to hereafter as a "Party" or collectively as the "Parties".
