SETTLEMENT AGREEMENTSettlement Agreement • August 2nd, 2018 • Espey MFG & Electronics Corp • Electronic components, nec • New York
Contract Type FiledAugust 2nd, 2018 Company Industry JurisdictionThis SETTLEMENT AGREEMENT (the “Agreement”) is made as of July 31, 2018 by and among ESPEY MFG. & ELECTRONICS CORP., a New York corporation (“Espey”), THE ARTICLE 6 MARITAL TRUST UNDER THE FIRST AMENDED AND RESTATED JERRY ZUCKER REVOCABLE TRUST DATED APRIL 2, 2007 (the “Zucker Trust”), and PAUL J. CORR, MICHAEL WOOL, BARRY PINSLEY, CARL HELMETAG, HOWARD PINSLEY, and ALVIN O. SABO, in their individual capacities (each, a “Director” and collectively, the “Directors”). All of the foregoing are each, a “Party” and collectively, the “Parties.”