Extract to table
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Extract to table / settlement-agreement-mutual-release.docx
settlement-agreement-mutual-release.docx
Parties
Harkness LLP
Severin Partners LLC
Halcyon Partners LLC
Cao LLP
Dates
August 14, 2023
April 3, 2023
April 28, 2023
July 10, 2023
August 2, 2023
January 1, 2016
December 31, 2018
January 1, 2019
December 31, 2022
August 14, 2026
Amounts
$1,620,000.00
$712,500.00
$195,000.00
$1,425,000.00
$1,100,000.00
$483,796.30
$132,407.41
$520,000.00
$228,703.70
$62,592.59
Obligations
Upon execution of this Agreement, the Term Sheet shall be superseded in its entirety by this Agreement and shall have no further force or effect
DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below: 1
The first License Year shall commence on the Effective Date and end on August 13, 2024
The second License Year shall commence on August 14, 2024 and end on August 13, 2025
The third License Year shall commence on August 14, 2025 and end on August 14, 2026
In full and complete settlement of all Claims arising during the Release Period, Defendant shall pay Plaintiffs and their counsel a total Settlement Amount of One Million Six Hundred Twenty Thousand Dollars ($1,620,000