CONFIDENTIAL SETTLEMENT AGREEMENTConfidential Settlement Agreement • February 5th, 2009 • Home Solutions of America Inc • Services-management services • Texas
This Confidential Settlement Agreement (the “Agreement”) is entered into on this the 22nd day of September, 2008 (the “Effective Date”), by and between Texas Capital Bank, National Association, as Administrative Agent (the “Agent”) and Amegy Bank, N.A., Bank of Oklahoma, N.A., Texas Capital Bank, National Association, Compass Bank, and Amarillo National Bank (collectively, the “Lenders”) on the one hand, and Home Solutions of America, Inc., Cornerstone Marble & Granite, Inc., Fiber-Seal Systems, L.P., Fireline Restoration, Inc., Evenflow Funding, LLC, Home Solutions Restoration of Louisiana, Inc., Southern Exposure Unlimited of Florida, Inc., S.E. Tops of Florida, Inc., FSS Holding Corp., Southern Exposure Holdings, Inc., and Michael J. McGrath, Jr. (collectively, the “Credit Parties”) on the other hand (the Agent, the Lenders, and the Credit Parties, collectively the “Parties”) for the purposes and considerations set forth below:
