Settlement Agreement Between State of Florida Department of Environmental Protection and Solitron Devices, Inc. (March 27, 2013)

Contract Categories: Business Operations › Settlement Agreements
Summary

This agreement is between the State of Florida Department of Environmental Protection and Solitron Devices, Inc. It resolves a dispute or claim, with Solitron agreeing to make certain payments to the Department. The agreement becomes effective once all payments are received by the Department. Both parties have signed to confirm their acceptance of the terms.

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EX-10.1 2 f8k032713ex10i_solitron.htm SETTLEMENT AGREEMENT, DATED MARCH 27, 2013, BY AND BETWEEN THE STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION AND SOLITRON DEVICES, INC. f8k032713ex10i_solitron.htm
Exhibit 10.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
14.     Effective Date. As used in this Agreement the term shall mean the date which the FDEP has received all payments comprising the Settlement Amount (the "Effective Date").
 
IN WITNESS WHEREOF, the Parties have duly executed the Agreement as of the date first written above:
 
Solitron Devices, Inc.
 
By: /s/ Shevach Saraf
 
Printed Name: Shevach Saraf
 
Title: Chairman, President, CEO & CFO
 
State of Florida Department of Environmental Protection
 
By: /s/ Douglas A. Jones
 
Printed Name: Douglas A. Jones
 
Title: Bureau Chief, BWC, FDEP
 
 
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