SETTLEMENT AND RELEASE AGREEMENTSettlement and Release Agreement • April 12th, 2013 • American Restaurant Concepts Inc • Patent owners & lessors • Florida
THIS SETTLEMENT and RELEASE AGREEMENT (the "Agreement") is made this March 25, 2013 (the "Effective Date") by and among Bank of America, N.A., its subsidiaries, parents and affiliates (collectively, “Bank”), American Restaurant Concepts, Inc. d/b/a Dick's Wings ("Borrower"), and Michael P. Rosenberger, Rosalie Rosenberger and Hot Wings Concepts, Inc. (Mr. Rosenberger, Ms. Rosenberger and Hot Wings Concepts, Inc. collectively, the “Guarantors”). The Borrower and Guarantors are sometimes referred to individually or collectively as "Obligor". The Bank and the Obligor are sometimes referred to collectively as the "Parties".
