Extract to table

This Agreement is entered into for the purpose of compromising disputed claims and avoiding the expense, burden, and uncertainty of continued litigation, and does not constitute, and shall not be construed as, an admission of liability, wrongdoing, or fault by any Party with respect to any matter whatsoever

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, the payment of the Settlement Amount, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: ARTICLE 1 — DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below

Capitalized terms used but not defined in this Article 1 shall have the meanings ascribed to them elsewhere in this Agreement

The obligation to pay the Settlement Amount shall be a joint and several obligation of the Thalassa Parties

All installments of the Settlement Amount shall be made by wire transfer of immediately available funds in United States Dollars to Escrow Account No

Any interest earned on funds held in the Escrow Account shall be distributed to the Party ultimately entitled to receive the underlying principal in accordance with the Escrow Agreement