Extract to table
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Extract to table / settlement-agreement-and-mutual-release.docx
settlement-agreement-and-mutual-release.docx
Parties
Lumos Analytics Inc
Pinnacle Financial Holdings LLC
Burch LLP
Harkness LLP
General Counsel Lumos Analytics Inc
Officer Pinnacle Financial Holdings LLC
Service Credit Application Schedule Inc
Dates
December 8, 2023
January 15, 2021
January 14, 2024
November 28, 2022
May 1, 2023
November 14, 2023
January 15, 2024
January 14, 2026
April 15, 2024
Amounts
$1,440,000
$120,000
$2,870,000
$485,000
$121,250
$115,000
$1,380,000
$6,250
$60,000
$2,760,000
Obligations
2 — Construction Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings ascribed to them in the MSA
The headings and captions contained in this Agreement are inserted for convenience of reference only and shall not affect in any way the meaning, interpretation, or construction of this Agreement
1 — Service Credits In full and final settlement of all Released Claims, Lumos shall provide Pinnacle with service credits in the aggregate amount of Four Hundred Eighty-Five Thousand Dollars ($485,000) (the "Settlement Credits")
Specifically, the Settlement Credits shall be applied against invoices for the following billing periods: January 2024, February 2024, March 2024, and April 2024
The monthly subscription fee during the Renewal Term shall be One Hundred Fifteen Thousand Dollars ($115,000) per month (being $1,380,000 per annum ÷ 12 months = $115,000 per month)
The Parties acknowledge that, based on the credit application schedule set forth in Exhibit B, all Settlement Credits shall be fully consumed no later than the May 2024 invoice cycle