Exhibit 10.1


 


MUTUAL
RELEASE AGREEMENT


 


This
mutual release agreement (“Release”) is made and entered into as of November 9, 2015, by and between FONU2 Inc
a Nevada corporation (“FONU2”, “Party”), and Eagle Productions, LLC a Georgia corporation.
(“EP”, “Party” ) (together “Parties)


 


WITNESSETH


 


WHEREAS,
FONU2 and EP entered into a Worldwide Rights Acquisition and Investment Agreement dated around March 1, 2015 (“Agreement”)
under which FONU2 and EP were to produce a film directed by Penny Marshall; and


 


WHEREAS,
the film and agreement with Penny Marshall have been cancelled; and


 


WHEREAS,
the Parties wish to cancel the Agreement;


 


NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties
hereto, intending to be legally bound, do agree as follows:


 


		1)	Cancellation
                                         of Agreement. The Parties agree that the Agreement is hereby canceled and terminated
                                         as of the date hereof, and that neither FONU2 or EP have any further rights, liabilities
                                         or obligations under the Agreement.



 


		2)	Release
                                         by FONU2. FONU2 on behalf of itself and on behalf of any other person or entity claiming
                                         through or under FONU2, does hereby release and forever discharge EP, their general partners
                                         and limited partners, partners, respective directors, officers, employees, shareholders,
                                         agents, assigns, attorneys, successors, heirs, administrators, executors, representatives,
                                         and all others who may have acted or been claimed to have acted in concert with EP, liable
                                         or who might be claimed to be liable from any and all claims charges, complaints, liabilities,
                                         obligations, promises, agreements, controversies, damages, demands, actions, causes of
                                         action or suits of any kind or nature whatsoever, whether they sound in law, equity,
                                         tort or contract, which FONU2 may have had, now has or may have against EP arising out
                                         of any act or omission of EP under the Agreement or in any way connected with any and
                                         all transactions, occurrences or other matters relating to the Agreement.



 






     


     


    

 


		3)	Release
                                         by EP. EP on behalf of itself and on behalf of any other person or entity claiming
                                         through or under EP, does hereby release and forever discharge FONU2, their general partners
                                         and limited partners, partners, respective directors, officers, employees, shareholders,
                                         agents, assigns, attorneys, successors, heirs, administrators, executors, representatives,
                                         and all others who may have acted or been claimed to have acted in concert with EP, liable
                                         or who might be claimed to be liable from any and all claims charges, complaints, liabilities,
                                         oligations, promises, agreements, controversies, damages, demands, actions, causes of
                                         action or suits of any kind or nature whatsoever, whether they sound in law, equity,
                                         tort or contract, which EP may have had, now has or may have against FONU2 arising out
                                         of any act or omission of FONU2 under the Agreement or in any way connected with any
                                         and all transactions, occurrences or other matters relating to the Agreement.



 


		4)	Money:
                                         All monies remaining in EP’s bank account shall be returned to FONU2.



 


		5)	Stock:
                                         On February 27, 2015, EP was issued 166,666,667 shares of common stock (“Stock”)
                                         of Fonu2, Inc. (ticker reference “FONU”). Said Stock shall be cancelled and
                                         returned to FONU2 treasury.



 


IN
WITNESS WHEREOF, the Parties hereto have signed and sealed this Mutual Release Agreement as of the day and year first above
written.


 


	FONU2
    Inc	 
	 	 	 
	By:	 	 
	Its:
    	CEO	 


 


Date: November
9, 2015


 


Eagle
Production, LLC


 


	By:
    	Wendi
    Laski	 	By:	Jake
    Shapiro
	Its:
    	Managing
    Director	 	Its:  	Founder


 


Date: November
9, 2015