- 17 -
* * * * * * *
2. That Defendants’ Motion for Partial
Satisfaction of Judgment for payments made to First
Bank [FirsTier] and Park Place Chevrolet [Chevrolet] by
Defendants from and after August 1, 1996 is granted
with Defendant to be given credit on the Modified
Judgment for the sum of $216,165.31 representing
payments from September 1, 1996 through December 17,
1997 of $216,165.31.
* * * * * * *
4. To settle and resolve certain conflicts which
have arisen in regards to the amount payable pursuant
to the * * * Modified Judgment, the Parties, in open
Court, have indicated their agreement to the following:
* * * * * * *
(b) The note of First Bank (f/k/a FirsTier
Bank), referenced in the “side letter
agreement,” dated March 15, 1990, to
which Henry Misle was an accommodating
Party, has been paid by the Defendants,
in full, without Henry Misle’s knowledge
or cooperation and the Defendants are
due a credit on the Modified Judgment
* * *;
(c) Between the dates of January 1 and
January 8, 1998, the Defendants will
cause to be retired the Park Place
Chevrolet note, [Chevrolet debt]
referenced in the “side letter
agreement,” which will satisfy said
indebtedness of Henry Misle completely
and the Defendants will be given a
credit on the Modified Judgment * * *;
E. HJA’s Payments to or for the Benefit of Henry
During the years in issue, HJA made covenant not to compete
payments to Henry or for his benefit in the following amounts:
Year Covenant not to compete payments1
Page: Previous 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 NextLast modified: May 25, 2011