0001144204-05-033623 Sample Contracts

SETTLEMENT AGREEMENT
Settlement Agreement • November 2nd, 2005 • Maxco Inc • Wholesale-miscellaneous nondurable goods • Michigan

This Settlement Agreement (“Agreement”) is made effective October 27, 2005, between and among American Realty Equities, Inc., a Nevada corporation (“American”), Capital Center Associates, L.L.C., a Michigan limited liability company (“Capital Center”), L/M Associates, LLC, a Michigan Limited Liability Company (“L/M”), Max A. Coon (“Coon”), and Maxco, Inc., a Michigan corporation (“Maxco”). (American, Capital Center, L/M, Coon and Maxco are sometimes hereinafter collectively referred to as the “Parties” and individually as a “Party”).

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