SETTLEMENT AGREEMENTSettlement Agreement • June 9th, 2009 • Tarrant Apparel Group • Women's, misses', and juniors outerwear • California
This Settlement Agreement (“Agreement”) is entered into by and between American Rag Cie, LLC (“ARC LLC”), American Rag Cie II (“ARC II”), World Denim Bar, LLC (“WDB”), Café Beau Soleil, LLC (“CBS”), Mark I. Werts (“Werts”) and Larry C. Russ (“Russ”) (collectively the “American Rag Parties”) on the one hand, and Tarrant Apparel Group (“Tarrant”), Private Brands, Inc. (“Private Brands”), Gerard Guez (“Guez”), and Todd Kay (“Kay”) (collectively “the Tarrant Parties”), on the other hand. The American Rag Parties and the Tarrant Parties are each a “Party” and collectively “the Parties.”
