MUTUAL SETTLEMENT AGREEMENT AND GENERAL RELEASEMutual Settlement Agreement and General Release • May 4th, 2007 • Paincare Holdings Inc • Services-misc health & allied services, nec • Florida
This Mutual Settlement Agreement and General Release (“Settlement Agreement”) is entered into as of April 30th, 2007 (“Effective Date”) by and between PainCare Holdings, Inc., a Florida corporation (“PainCare”), PainCare, Inc., a Nevada corporation and a wholly owned subsidiary of PainCare (“PainCare Sub”) and Georgia Surgical Centers, Inc. (“GSC”), a Georgia corporation and a wholly owned subsidiary of PainCare Sub, (jointly referred to as “Sellers”) as the First Part, and Robert E. Windsor, M.D., an individual (“Dr. Windsor”), Windsor Nongrantor Trust U/D/T 2004, an Irrevocable Nongrantor Trust (the “Windsor Trust”), Windsor Family Limited Partnership, a Georgia Family Limited Partnership (the “Windsor Partnership”) and Georgia Pain Physicians, PC (“GPP”), a Georgia professional corporation, (jointly referred to as “Buyers”) as the Second Part. Each of the parties to this Settlement Agreement is sometimes individually referred to herein as a “Party” or collectively, as the “Parties.”
