EX-10.1
from 8-K
2 pages
C. on Confirmation of Receipt of the Wired Funds as Provided for in Paragraph 1(b) Above, Sunbelt Agrees to Release Any Interest in the Letter of Credit, as Amended, Which Was Obtained as an Undertaking to Stay Execution on the Judgment in This Case and Now Totals $20,133,972.60, to Defendants, and Defendants May Cancel the Letter of Credit; D. Sunbelt Agrees to Mark the Judgment “Paid,” and Not to Seek Any Additional Attorneys’ Fees, Damages, Interest or Costs in This Action; and E. the Parties Will Execute Further Settlement Documents, to the Extent Desired and Necessary to Finalize All Terms of This Settlement. 2. the Parties Respectfully Request That the Clerk of Court Release the Letter of Credit to the Defendants, and Sunbelt Consents to That Release, Upon Confirmation of Receipt of the Wired Funds as Provided in Paragraph 1(b) Above. This 23rd Day of November, 2005. /S/ William L. Rikard, Jr., Esq. William L. Rikard, Jr., Esq. N. C. State Bar No. 3701 Attorney for the Plaintiff of Counsel: Parker Poe Adams & Bernstein, Llp Three Wachovia Center 401 South Tryon Street, Suite 3000
12/34/56