SETTLEMENT AGREEMENTSettlement Agreement • January 9th, 2017 • Asta Funding Inc • Short-term business credit institutions • New York
This SETTLEMENT AGREEMENT (this “Agreement”) is made and entered into as of January 6, 2017, by and among Asta Funding, Inc., a Delaware corporation (the “Company”), on the one hand, and The Mangrove Partners Master Fund Ltd., The Mangrove Partners Fund, L.P., Mangrove Partners Fund (Cayman), Ltd., Mangrove Partners, Mangrove Capital and Nathaniel August (collectively, the “Stockholders;” the Stockholder and the Company are collectively referred to herein as the “Parties” and each individually as a “Party”), on the other hand as well as, solely for purposes of Sections 1(c), 1(d), 2 and 8 hereof, Gary Stern, Ricky Stern, Emily Stern, Arthur Stern, Asta Group, Incorporated, and GMS Family Investors LLC (collectively, the “Stern Family”) (for Sections 1(c), 2 and 8, the Stern Family shall also be deemed a “Party”).
