COMPROMISE AND SETTLEMENT AGREEMENTCompromise and Settlement Agreement • August 8th, 2019 • Spar Group Inc • Services-business services, nec • Nevada
This Compromise and Settlement Agreement, as the same may be supplemented, modified, amended or restated from time to time in the manner provided herein (this “Agreement”) is made this 26th day of July, 2019, by and between SPAR Business Services, Inc., a Nevada corporation formerly known as SPAR Marketing Services, Inc., debtor and debtor-in-possession (“SBS”); SBS, LLC, a Nevada limited liability company “SBS LLC” and together with SBS, the “SBS Parties”); SPAR Marketing Force, Inc., a Nevada corporation (“SMF”); SPAR Assembly & Installation f/k/a SPAR National Assembly Services, Inc., a Nevada corporation (“SAI”); and SPAR Group, Inc., a Delaware corporation (“SGRP”, and collectively with SMF, SAI, the “SGRP Parties”). Each of the foregoing entities is a “Party”, and are collectively defined herein as the “Parties”. This Agreement is based on the following Recitals:
