SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement and Mutual Release • August 7th, 2007 • Brands Holdings LTD • Women's, misses', and juniors outerwear • Delaware
This Settlement Agreement and Mutual Release (the ‘‘Agreement’’), is made and entered into as of August 3, 2007 (the ‘‘Effective Date’’), by and among (i) Hidary Group Acquisitions, LLC and Hidary Group Acquisitions, Inc. (jointly ‘‘Hidary’’); (ii) Everlast Worldwide Inc. (‘‘Everlast’’); and (iii) Brands Holdings Limited and EWI Acquisition, Inc. (jointly, ‘‘Brands’’).
