Settlement: ADDENDUM TO INITIAL STATES SETTLEMENT AGREEMENT

24 Ekim 2007 Çarşamba

ADDENDUM TO INITIAL STATES SETTLEMENT AGREEMENT

ADDENDUM TO INITIAL STATES SETTLEMENT AGREEMENT
This ADDENDUM TO INITIAL STATES SETTLEMENT AGREEMENT is entered into this ____ day of March, 1997 by and among the State of West Virginia, State of Florida, State of Mississippi, Commonwealth of Massachusetts, and State of Louisiana (collectively, "Initial States") and Brooke Group Ltd., a Delaware corporation ("Brooke Group), Liggett & Myers, Inc., a Delaware corporation ("Myers), and Liggett Group, Inc., a Delaware corporation (which with Myers, is hereinafter referred to as "Liggett).
WHEREAS,
A. On March 15, 1996, the State of West Virginia, the State of Florida, the State of Mississippi, the Commonwealth of Massachusetts, and the State of Louisiana, and Liggett and Brooke Group entered into a settlement (the "Initial Settlement") of the Actions brought by the foregoing States, pursuant to which Liggett agreed to make certain payments, comply with certain proposed regulations restriction the marketing and sale of cigarettes to minors and to offer certain cooperation in connection with the prosecution of such Actions against other Defendants, all in accordance with the terms of the Initial Settlement, a copy of which is annexed hereto as Appendix A.
B. On March 20th, 1997, eighteen States and Liggett and Brooke Group entered into a settlement (the "New Settlement") of the Actions brought by such eighteen states, pursuant to which Liggett agreed, among other things, to extend additional cooperation in connection with the prosecution of Attorneys General Actions against other Defendants than Liggett agreed to in the Initial Settlement and such other States agreed to exercise best efforts to ensure that the financial terms of any Global Settlement, legislative or otherwise, are no more onerous on, or less favorable to Brooke Group and Liggett than those set forth in the New Agreement, a copy of which is annexed hereto ass Appendix B.
C. The Initial Settling States and Liggett and Brooke Group wish to expand upon the Initial Settlement, through this Addendum to Settlement Agreement to provide for additional cooperation by the Settling Defendants with the Initial Settling States, and to provide Settling Defendants with assurances that the Initial Settling States will seek to ensure that any Global Settlement provide for financial terms for Liggett that reflect appropriate recognition of Liggett’s cooperative efforts.
NOW THEREFORE, in consideration of the foregoing and of the promises set forth in this Addendum to Settlement Agreement, the undersigned Attorneys General, on their own behalf and on behalf of their respective States, and Liggett and Brooke Group hereby stipulate and agree that the Initial Settlement shall be changed and amended as follows:
1. With respect to each of the Initial Settling States defined in the Agreement of March 15, 1996 and March 1997 Brooke Group and Liggett, upon execution of this Amendment to the March 15, 1996 Agreement, shall cooperate in and facilitate reasonable third party discovery from Brooke Group and Liggett in connection with any Attorney Generals Action, provided that such information disclosed or provided by Brooke Group and/or Liggett is not disclosed to any third parties except as required by law, including non-settling Attorneys General.
2. The March 15, 1996 Agreement shall be deemed amended to expressly include the following provisions from the March 1997 Attorneys General Settlement Agreement.
§4.1
§4.2
§4.3.1, §4.3.2, §4.3.3, §4.3.4
§4.5 to the extent this provision increases the required compliance with FDA Rules.
§4.8
§5
3. The following sections shall be deleted from the March 15, 1996 Agreement or Amended as set forth below:
§4.1 is deleted
§4.4 is replaced by §4.7 of the March 1997 agreement.
§4.5 is amended by supplementing it with §4.8 of the March 1997 agreement to the extent the provision of §4.8 of the March 1997 agreement require greater compliance with FDA Rules.
4. Section 4 of the March 15, 1996 agreement shall in all other respects remain in full force and effect.
5. Section 5.7 is to be deleted from the March 1996 Agreement.
6. Section 8.2 of the 1996 agreement shall be amended to substitute the words "Non-Settling Tobacco Companies" for the current word "Defendants".
7. Section 16.12 of the 1996 Agreement will be retained for the continuing jurisdiction of the court over documents produced under this Agreement as amended.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the day and date first written above.

STATE OF MISSISSIPPI By Mike Moore Attorney General

STATE OF LOUISIANA By Richard P. Ieyoub Attorney General

STATE OF WEST VIRGINIABy Darrell V. McGraw Attorney general

BROOKE GROUP LTD. By Bennett S. LeBow

STATE OF FLORIDA By Robert Butterworth Attorney General

LIGGETT GROUP, INC. By Bennett S. LeBow

Etiketler: ADDENDUM, Agreement, INITIAL, SETTLEMENT, STATES, TO

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Settlement

24 Ekim 2007 Çarşamba

ADDENDUM TO INITIAL STATES SETTLEMENT AGREEMENT

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