Exhibit 10.3


 


SETTLEMENT
AGREEMENT AND MUTUAL RELEASES


 


This
Settlement Agreement (this "Agreement") is made as of this 14th day of March, 2017 (the “Effective Date”),
by and between MyDX, Inc. (“MYDX”) and Vista Capital Investments, LLC (“Vista”). MYDX and Vista are hereinafter
referred to jointly as the "Parties" and make this Agreement in reference to the following:


 


WHEREAS,
MYDX executed a Convertible Promissory Note dated May 24, 2016 in favor of Vista (the “Convertible Note”);


 


WHEREAS,
Vista has claimed that it is still entitled to certain payments under the Convertible Note and the Prior Note and MYDX denies
that Vista is entitled to the full amount of such payments. There is a present dispute regarding the total amount remaining owed
on the Note;


 


WHEREAS,
Vista has submitted a conversion request on March 13, 2017 for the issuance of 68,437,500 shares, and;


 


WHEREAS,
the Parties wish to settle, resolve and compromise all claims, disputes or other issues that may exist between them.


 


NOW
THEREFORE, in consideration of the mutual releases and promises contained herein and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:


 


1.       Settlement
Amount.


 


a.       
The Parties agree that in full and final satisfaction of any and all claims, disputes or issues that exist between them:


 


(i)
Vista shall entitled to the issuance of 35,000,000 shares in full satisfaction of its conversion request and any remaining amounts
due to Vista, no further issuance of any MYDX shares or other instruments of any kind shall be due to Vista and Vista shall immediately
instruct the transfer agent, Nevada Agency and Transfer Company, of same and that, with the exception of the issuance of 35,000,000
shares pursuant to this agreement, all outstanding conversions notices are void and of not further effect and no further reserve
shall be maintained;


 



    	 		 



     


    

 


(ii)
Neither Vista nor MYDX shall be entitled to any additional cash or other payment from each other of any kind.


 


2.       Compromise.
The Parties agree and acknowledge that this Agreement is the result of a compromise and shall not be construed as an admission
by any of the Parties of any liability, wrongdoing, or responsibility on their part or on the part of their predecessors, successors,
assigns, agents, parents, subsidiaries, affiliates, officers, directors, or employees. Indeed, the Parties expressly deny any
such liability, wrongdoing or responsibility.


 


3.       Payment
in Full. The provisions agreed to the parties as set forth in Section 1 shall be in full and final satisfaction of any
amounts claimed or owed by either of the parties.


 


4.       Releases.



 


a.       
Upon
effectuation of the matters set forth in Section 1 above, the return of the MYDX shares to treasury as set forth in Section 5
below, the Note marked as “Paid in Full”, MYDX and its predecessors, successors, parents, direct and indirect subsidiaries,
affiliates, assigns, heirs, agents, transferees, and current and former directors, officers, managers, members, shareholders,
partners, employees, representatives, and attorneys (the “MYDX Releasors”) hereby release Vista and its predecessors,
successors, parents, direct and indirect subsidiaries, affiliates, assigns, heirs, agents, transferees and current and former
directors, officers, managers, members, shareholders, partners, employees, representatives, and attorneys (collectively the "Released
Vista Parties"), from and against any and all actions, suits, judgments, claims, proofs of claim, demands, damages, attorneys’
fees, causes of action, debts, liabilities, or controversies of any kind whatsoever, whether at law or in equity, whether before
a local, state or federal court or state or federal administrative agency or commission, or arbitration administrator, and whether
now known or unknown, matured or unmatured, liquidated or unliquidated, that MYDX now has or may have had, or thereafter claims
to have on behalf of itself, or any other person or entity, from the beginning of the world up through and including the date
of this Agreement, including based on the Note.


 


b.       
Upon
effectuation of the matters set forth in Section 1 above and the receipt of the MYDX shares set forth in Section 1, Vista and
its predecessors, successor, parents, direct and indirect subsidiaries, affiliates, assigns, heirs, agents, transferees, and current
and former directors, officers, managers, members, shareholders, partners, employees, representatives, and attorneys (the “Vista
Releasors”) hereby release MYDX and its predecessors, successors, parents, direct and indirect subsidiaries, affiliates,
assigns, heirs, agents, transferees, and current and former directors, officers, managers, members, shareholders, partners, employees,
representatives, and attorneys (collectively the "Released MYDX Parties"), from and against any and all actions, suits,
judgments, claims, proofs of claim, demands, damages, attorneys’ fees, causes of action, debts, liabilities or controversies
of any kind whatsoever, whether at law or in equity, whether before a local, state or federal court or state or federal administrative
agency or commission, or arbitration tribunal or administrator, and whether now known or unknown, matured or unmatured, liquidated
or unliquidated, that Vista now has or may have had, or thereafter claims to have on behalf of itself, or any other person or
entity, from the beginning of the world up through and including the date of this Agreement, including but not limited to the
Note.


 



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Nothing
contained in this release shall prevent the Parties from asserting or pursuing any claim to enforce the terms of this Agreement.


 


5.       Return
of Reserve Shares to MYDX Treasury.


 


All
remaining shares of MYDX that are held by the transfer agent after disbursement of the 35,000,000 shares shall immediately be
returned by the transfer agent to treasury, and Vista consents to same and will take any steps required by the transfer agent
to advise the transfer agent of such consent. No further reserve of shares for Vista shall be maintained.


 


6.       Miscellaneous
Terms and Conditions.


 


a.       Following
execution of this Agreement, the Parties shall as soon as practicable take the actions and prepare any and all additional appropriate
documents reasonably necessary to effectuate this Agreement.


 


b.       Each
Party shall bear its own attorneys’ fees and costs.


 


c.
     This Agreement may be modified only by a written document signed by the Parties. No
waiver of this Agreement or of any of the promises, obligations, terms, or conditions hereof shall be valid unless it is written
and signed by the Party against whom the waiver is to be enforced.


 



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d.       This
Agreement shall be binding upon and shall inure to the benefit of the Parties thereto, their predecessors, successors, parents,
subsidiaries, affiliates, assigns, agents, directors, officers, employees, and shareholders.


 


e.       If
any part or any provision of this Agreement shall be finally determined to be invalid or unenforceable under applicable law, that
part shall be ineffective to the extent of such invalidity or unenforceability only, without in any way affecting the remaining
parts of said provision or the remaining provisions of said Agreement. Furthermore, the Parties agree that in the event of an
illegal, invalid or unenforceable provision, the Parties shall use their best efforts to induce the reviewing court to substitute
a legally enforceable provision effectuating the intent of the Parties (as can be discerned from the subject provision and the
rest of the Agreement) as closely as possible, and, should the court be unwilling to perform such substitution, to use their best
efforts to do so between themselves and to add such new provision to this Agreement.


 


f.       This
Agreement shall be governed by and construed in accordance with laws of the State of Florida, without regard to its choice of
law rules. The state or federal courts situated in Florida shall retain exclusive jurisdiction over any and all disputes arising
out of or otherwise relating to the subject matter of this Agreement.


 


g.       Each
Party acknowledges that it has read the document thoroughly and completely, has had the opportunity to consult legal counsel of
its choosing, understands the rights, remedies and allegations surrounding the execution of this document, and that the document
is executed voluntarily.


 



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h.       Each
person who executes this Agreement by or on behalf of each respective Party warrants and represents that he or she has been duly
authorized and empowered to execute and deliver this Agreement on behalf of such Party.


 


i.       The
Parties cooperated in the drafting of this Agreement, and in the event that it is determined that any provision herein is ambiguous,
that provision shall not be presumptively construed against either Party.


 


k.       In
the event that either Party breaches any term of this Agreement and the other Party is required to employ counsel to enforce its
rights, the prevailing Party shall be entitled to recover its attorneys’ fees and costs incurred therein.


 


k.       This
Agreement contains the complete agreement between the Parties with respect to its subject matter and supersedes any and all prior
agreements, understanding, promises, warranties, and representations made by each Party to the other concerning the subject matter.


 


l.       The
Parties hereby warrant and represent that they have not assigned or in any way transferred or conveyed all or any portion of the
claims covered by this Agreement, and to their knowledge, no other person or entity has a right to any claim that purports to
be settled by this Agreement. The Parties acknowledge and agree that this warranty and representation is an essential and material
term of this Agreement, without which they would not have entered into it. The Parties each agree to defend and to hold each other
harmless against the claims of any other person or entity asserting a claim or right that purports to be settled by the Agreement.


 


7.       Counterparts
/ Facsimile Signatures. This Agreement may be executed in counterparts, and each counterpart, when executed, shall have
the efficacy of a signed original. This Agreement may be executed by facsimile signatures which shall be deemed to have the same
force and effect as an original signature.


 



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WHEREFORE,
having fully read and understood the terms of this Agreement, the Parties sign their names below with the intention that they
shall be bound by it.


 


MYDX,
INC.:


 





	By:		 
	Name:		 
	Title:		 




 


VISTA
CAPITAL INVESTMENTS, LLC :


 


	By:		 
	Name:		 
	Title:		 



 


 


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