Bold City Education, Inc.
Authorizing Settlement Agreement with Cintas Corporation

WHEREAS, Bold City Education, Inc. (formerly River City Education Organization, Inc., doing business as San Jose Schools, San Jose Early College, and San Jose Academy) previously entered into a Facility Services Rental Agreement with Cintas Corporation dated November 16, 2022; and

WHEREAS, a dispute arose between the parties related to the agreement and Cintas Corporation filed a lawsuit in the Fourth Judicial Circuit Court of Florida in and for Duval County, Florida (Case No. 16-2026-CA-000498-AXXX-MA); and

WHEREAS, management, in consultation with legal counsel, has negotiated a Settlement Agreement and Mutual Release to resolve all claims related to the dispute and avoid further litigation expenses and uncertainty; and

WHEREAS, the proposed settlement requires Bold City Education, Inc. to pay a total of $60,000 to Cintas Corporation, payable in twelve (12) monthly installments of $5,000 beginning March 10, 2026 and continuing through February 10, 2027; and

WHEREAS, the settlement provides for mutual releases of claims related to the Facility Services Rental Agreement and the pending litigation, subject to the terms contained in the Settlement Agreement and Mutual Release; and

WHEREAS, the Board of Directors finds that entering into the settlement agreement is in the best interests of the organization and will allow the organization to resolve the dispute efficiently and focus its financial and operational resources on its educational mission.

NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of Bold City Education, Inc. hereby approves the Settlement Agreement and Mutual Release with Cintas Corporation substantially in the form presented to the Board.

BE IT FURTHER RESOLVED, that the Chief Executive Officer, Board Chair, or their designee is hereby authorized and directed to execute the Settlement Agreement and any related documents, and to take all actions necessary to implement the terms of the agreement, including payment of the settlement amount in accordance with the payment schedule.

BE IT FURTHER RESOLVED, that the officers of the corporation are authorized to take any additional actions reasonably necessary to carry out the intent of this resolution and comply with the terms of the settlement.

PASSED AND ADOPTED by the Board of Directors on this ___ day of __________, 2026.