the Company and the trustee for the bankruptcy of EcoCab Portland, LLC (the “Trustee”) entered into and executed a Motion and Notice of Intent to Settle and Compromise (the “Settlement”)
to settle the outstanding judgment of $179,496 plus interest, that was awarded against the Company in favor of the Trustee for certain preferential transfers EcoCab Portland, LLC made to the Company.
The Settlement will become effective once approved by the United States Bankruptcy Court.
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