Contract analysis

1. Purpose and Context Calderwood & Harkness LLP writes to advise that, following the execution of the Settlement Agreement and Mutual Release on January 6, 2025 (the "Settlement Agreement"), the firm is commencing formal closure of the matter file for Redstone Gaming Corp. v. Grizzly Peak Research LLC, Grizzly Peak Capital Partners LP, and Tobias Fenchurch, Case No. 24STCV-01892, in the Superior Court of California,

2. Summary of Settlement Outcome For the record and for the convenience of the RGC team, we summarize below the key terms of the Settlement Agreement executed on January 6, 2025 (the "Effective Date"). This summary is provided for reference only and is qualified in its entirety by the terms of the Settlement Agreement itself, a conformed copy of which is enclosed with this letter. Monetary Recovery. The settlement pr

3. Remaining Action Items and Key Deadlines Although the matter file is being closed for purposes of active litigation management, several post-settlement obligations and associated deadlines remain outstanding. Calderwood & Harkness flags each of these items for RGC's attention and ongoing monitoring. We strongly recommend that you calendar each of the dates identified below and assign responsibility within the RGC

4. Billing Summary A detailed Final Billing Memorandum has been separately transmitted by Samuel Eklund, the Billing Partner for this engagement, directly to you under separate cover. For completeness, and to provide a summary record within this correspondence, we note the following key figures: Total Hours Billed: Approximately 3,420 hours across the engagement team, consisting of Francesca Morano (Partner), Samuel

5. Document Retention Policy With the closure of the matter file, Calderwood & Harkness's standard document retention policy will apply to all materials in the firm's possession related to Redstone Gaming Corp. v. Grizzly Peak Research LLC, et al. We describe that policy below for your information. Retention Period. The firm will retain the complete matter file, encompassing both physical and electronic records, for

6. Termination of Active Representation Upon the completion of the remaining post-settlement filings described in Section 3 above — specifically, the filing of the Stipulation and Proposed Order for Dismissal with Prejudice and the Stipulation and Proposed Order for Entry of Permanent Injunction — Calderwood & Harkness's active representation of Redstone Gaming Corp. in this matter will conclude. At that point, the f

7. Acknowledgments and Closing Remarks In closing, we wish to express our sincere appreciation for the trust and confidence that Redstone Gaming Corp. has placed in Calderwood & Harkness LLP throughout this engagement. This matter presented significant factual, legal, and strategic complexities, and we are grateful for the close collaboration and responsiveness of the RGC team at every stage. We extend particular tha