SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASESettlement Agreement • July 18th, 2008 • Kings Road Entertainment Inc • Services-motion picture & video tape production • California
This Settlement Agreement and Mutual General Release (hereinafter referred to as the “Settlement Agreement”), is effective as of June 25, 2008, and is made by and among Kings Road Entertainment, Inc., a Delaware corporation (“KREN”), Philip Holmes, individually, and as a currently officer and director of KREN, H. Martin DeFrank (a.k.a. Christian DeFrank), individually, and as a shareholder and a former officer and director of KREN (“DeFrank”), Sloane Squared Ltd., a purported United Kingdom limited liability company which is purportedly owned or controlled by DeFrank (“Sloane”), John Burnley, individually and as a shareholder of KREN (“Burnley”) and doing business as Endeavour Broadcast Services (“Endeavour”) and Millennium (“Millennium”), and all other entities controlled, directly or indirectly by DeFrank and/or Burnley (collectively the “Controlled Entities”). KREN, DeFrank, Sloane, Burnley, and the Controlled Entities shall hereinafter collectively be referred to as the “Parties.”
STOCK PURCHASE AGREEMENTStock Purchase Agreement • July 18th, 2008 • Kings Road Entertainment Inc • Services-motion picture & video tape production • California
This Stock Purchase Agreement (this “Agreement”) is entered into as of June 25, 2008, by and between John Burnley (“Burnley”) and Kings Road Entertainment, Inc. (“KREN”) and is executed pursuant to and in conjunction with that certain Settlement Agreement and Mutual General Release (the “Settlement Agreement”) executed concurrently herewith by and among KREN, Burnley and the other parties named therein.
STOCK PURCHASE AGREEMENTStock Purchase Agreement • July 18th, 2008 • Kings Road Entertainment Inc • Services-motion picture & video tape production • California
This Stock Purchase Agreement (this “Agreement”) is entered into as of June 25, 2008, by and between H. Martin DeFrank a.k.a. Christian DeFrank (“DeFrank”) and Kings Road Entertainment, Inc. (“KREN”) and is executed pursuant to and in conjunction with that certain Settlement Agreement and Mutual General Release (the “Settlement Agreement”) executed concurrently herewith by and among KREN, DeFrank and the other parties named therein.
