SETTLEMENT AND MUTUAL RELEASE AGREEMENTSettlement and Mutual Release Agreement • March 9th, 2009 • Versadial, Inc. • Miscellaneous manufacturing industries • New York
This Settlement and Mutual Release Agreement (this "Agreement"), dated as of March 3, 2009 (the "Effective Date"), is entered into by Versadial, Inc. ("Versadial" or the "Plaintiff"), Geoffrey Donaldson ("Donaldson") and Matthew Harriton ("Harriton", and together with Donaldson, the "Versadial Principals" or the "Plaintiff's Principals") and FURSA Master Global Event Driven Fund, L.P. ("FURSA Master"), FURSA Alternative Strategies, LLC ("FURSA Alternative", and together with FURSA Master, "FURSA") and Michael Hawthorne ("Hawthorne", and together with FURSA, the "Defendants", and the Defendants together with the Plaintiff, the "Litigation Parties", and the Litigation Parties together with the Plaintiff's Principals, the "Parties").
