EXHIBIT 10.1(B)





SETTLEMENT AND MUTUAL RELEASE AGREEMENT


THIS SETTLEMENT AND MUTUAL
RELEASE AGREEMENT (the "Agreement") dated as of February 8, 2022 (the “Effective Date”), is made by and between
THE MARQUIE GROUP, INC., a Florida corporation (the “Company”) and EMA Financial, LLC, a Delaware limited liability company
(the "Investor") (together with the Company, the “Parties”).


WHEREAS, on February
13, 2019, the Company issued to the Investor a convertible promissory note in the principal amount of $75,000.00 (as amended from time
to time, the “First Note”) pursuant to that certain securities purchase agreement dated February 13, 2019 (the “First
Purchase Agreement”);


WHEREAS, on February
15, 2019, the Investor purchased the rights to $88,000.00 in principal and $9,450.96 of accrued interest under that certain convertible
promissory note in the original principal amount of $500,000.00 issued by the Company to Essex Global Investment Corp. on January 11,
2018 (as amended from time to time, the “Second Note”) (the First Note and Second Note shall collectively be referred to herein
as the “Notes”), pursuant to that certain debt purchase agreement dated February 15, 2019 (the “Second Purchase Agreement”)
(the First Purchase Agreement and Second Purchase Agreement shall collectively be referred to herein as the “Purchase Agreements”);


NOW THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:


1.                 
Cash Payment. On or before February 10, 2022, the Company shall pay $50,000.00 by wire transfer to the Investor pursuant
to the wiring instructions attached hereto as Exhibit A (the “Cash Payment”). So
long as the Company fully complies with the terms of this Agreement (including but not limited to the payment of the Cash Payment pursuant
to Section 1 of this Agreement), then the Investor shall provide written instructions to the Company’s transfer agent on or before
February 15, 2022, to release all reserved shares, currently held by the Company’s transfer agent for the benefit of the Investor,
to the Company’s treasury.


2.                 
Rescission of Settlement. Notwithstanding anything in this Agreement to the contrary, in the event that the Company fails
to comply with the terms of this Agreement (including but not limited to the payment of the Cash Payment pursuant to Section 1 of this
Agreement), then the Investor shall have the right to declare this Agreement null and void and of no further force or effect.



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3.                 
Mutual Release.


		a.	So long as the Company fully complies with the terms of this Agreement, the Investor hereby irrevocably
and unconditionally releases the Company and its past, present and future officers, directors, agents, consultants, employees, representatives,
attorneys, investors, and insurers, as applicable, together with all successors and assigns of any of the foregoing (collectively, the
“Company Released Parties”), of and from all claims, demands, actions, causes of action, rights of action, contracts, controversies,
covenants, obligations, agreements, damages, penalties, interest, fees, expenses, costs, remedies, reckonings, extents, responsibilities,
liabilities, suits, and proceedings of whatsoever kind, nature, or description, direct or indirect, vested or contingent, known or unknown,
suspected or unsuspected, in contract, tort, law, equity, or otherwise, under the laws of any jurisdiction, that the Investor or its predecessors,
legal representatives, successors or assigns, ever had, now has, or hereafter can, shall, or may have, against the Company Released Parties
for, upon, or by reason of any matter, cause, or thing whatsoever from the beginning of the world through, and including, the Effective
Date with respect to (i) the Notes (including but not limited to all transactions relating to the Notes, all share issuances relating
to the Notes, and all conversions of the Notes) and (ii) the Purchase Agreements (including but not limited to all transaction documentation
relating to the Purchase Agreements) (all of the aforementioned are collectively referred to as the “Investor Released Claims”).












		b.	The Company hereby irrevocably and unconditionally releases the Investor and its past, present and future
officers, directors, agents, consultants, employees, representatives, attorneys, investors, and insurers, as applicable, together with
all successors and assigns of any of the foregoing (collectively, the “Investor Released Parties”), of and from all claims,
demands, actions, causes of action, rights of action, contracts, controversies, covenants, obligations, agreements, damages, penalties,
interest, fees, expenses, costs, remedies, reckonings, extents, responsibilities, liabilities, suits, and proceedings of whatsoever kind,
nature, or description, direct or indirect, vested or contingent, known or unknown, suspected or unsuspected, in contract, tort, law,
equity, or otherwise, under the laws of any jurisdiction, that the Company or its predecessors, legal representatives, successors or assigns,
ever had, now has, or hereafter can, shall, or may have, against the Investor Released Parties, for, upon, or by reason of any matter,
cause, or thing whatsoever from the beginning of the world through, and including, the Effective Date with respect to (i) the Notes (including
but not limited to all transactions relating to the Notes, all share issuances relating to the Notes, and all conversions of the Notes)
and (ii) the Purchase Agreements (including but not limited to all transaction documentation relating to the Purchase Agreements) (all
of the aforementioned are collectively referred to as the “Company Claims”).



		c.	The Investor understands that this releases claims that the Investor may not know about. This is the Investor’s
knowing and voluntary intent, even though the Investor recognizes that someday it might learn that some or all of the facts that it currently
believes to be true are untrue and even though it might then regret having signed this Agreement.



		d.	The Company understands that this releases claims that the Company may not know about. This is the Company’s
knowing and voluntary intent, even though the Company recognizes that someday it might learn that some or all of the facts that it currently
believes to be true are untrue and even though it might then regret having signed this Agreement.




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		e.	So long as the Company fully complies with the terms of this Agreement, the Investor agrees that it will
not pursue, file or assert or permit to be pursued, filed or asserted any civil action, suit or legal proceeding seeking equitable or
monetary relief (nor will it seek or in any way obtain or accept any such relief in any civil action, suit or legal proceeding) in connection
with any matter concerning its relationship with the Company with respect to all of the Investor Released Claims released herein arising
from the beginning of the world up to and including the Effective Date (whether known or unknown to it and including any continuing effects
of any acts or practices prior to the Effective Date).



		f.	The Company agrees that it will not pursue, file or assert or permit to be pursued, filed or asserted
any civil action, suit or legal proceeding seeking equitable or monetary relief (nor will it seek or in any way obtain or accept any such
relief in any civil action, suit or legal proceeding) in connection with any matter concerning its relationship with the Investor with
respect to all of the Company Claims released herein arising from the beginning of the world up to and including the Effective Date (whether
known or unknown to it and including any continuing effects of any acts or practices prior to the Effective Date).



4.                 
Miscellaneous. 


		a.	Notices. Any notices hereunder to the Company or the Investor shall be in writing. If sent by electronic
mail, such notices shall be deemed to have been given when sent (provided that electronic confirmation of it being sent is received by
the sender). If sent by hand delivery or special courier (e.g., Federal Express), such notices shall be deemed to have been given on the
date of delivery thereof as reflected on written confirmation of such delivery. All notices shall be addressed as follows (or to such
other address or addresses of which any party shall provide written notice to the other parties hereto).



 



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If to the Company:


THE MARQUIE GROUP, INC.


7901 4th
St. N, Suite 4000


St. Petersburg, FL 33702


Attn: Marc Angell, Chief
Executive Officer


Email: m.angell@themarquiegroup.com


 


If to the Investor:


EMA Financial, LLC


5 Dakota Dr., #210


New Hyde Park, NY
11042


 


		b.	Amendments. This Agreement may not be changed orally, but only by an agreement in writing signed
by the Company and the Investor.



		c.	Headings. The headings herein are for convenience only, do not constitute a part of this Agreement
and shall not be deemed to limit or affect any of the provisions hereof.



		d.	Execution. This Agreement may be executed in two or more counterparts, all of which when taken
together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and
delivered to each other party, it being understood that the parties need not sign the same counterpart. In the event that any signature
is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid
and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such
facsimile or “.pdf” signature page were an original thereof.



		e.	Severability. If any term, provision, covenant or restriction of this Agreement is held by a court
of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions
set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the Parties hereto
shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same
result as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the Parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of such
that may be hereafter declared invalid, illegal, void or unenforceable.



		f.	Construction. The Parties agree that each of them and/or their respective counsel have reviewed
and had an opportunity to revise this Agreement and, therefore, the normal rule of construction to the effect that any ambiguities are
to be resolved against the drafting party shall not be employed in the interpretation of the this Agreement or any amendments thereto.




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		g.	Governing Law. All questions concerning the construction, validity, enforcement and interpretation
of this Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware, without regard
to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or its respective affiliates, directors,
officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state or federal courts located
in Delaware. Each party hereby irrevocably submits to the exclusive jurisdiction of the state or federal courts sitting in Delaware for
the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and
hereby irrevocably waives, and agrees not to assert in any action or proceeding, any claim that it is not personally subject to the jurisdiction
of any such court, that such action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably
waives personal service of process and consents to process being served in any such action or proceeding by mailing a copy thereof via
registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it
under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.



		h.	Non-Disparagement.The Company shall not in any written or oral communications with any third
party, including but not limited to any credit reporting agency, investor, vendor, Investor, social media, media, or service provider,
through any medium, whether tangible, electronic, or otherwise, criticize, ridicule or make any statement which, directly or indirectly,
disparages, causes any harm to, or negatively affects the Investor Released Parties. The Company shall not express any negative opinions
of the Investor Released Parties. The provision shall be construed broadly and shall govern any written or oral communications, express
or implied, made concerning any of the Investor Released Parties and/or the Investor Released Parties’ business.



 


		i.	Confidentiality. Except as required by law, the existence and terms of this Agreement shall be
strictly confidential and shall not be disclosed by the Parties, or their representatives, to anyone or any entity under any circumstances,
except to the Parties’ respective attorneys. All the terms of this Agreement, including but not limited to this provision, are material
terms of this Agreement.



 


 


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IN WITNESS WHEREOF, the
Parties have caused this Agreement to be duly executed as of the date first above written.


 


THE MARQUIE GROUP,
INC.


 


_______________________________


By: Marc Angell


Title: Chief Executive
Officer


 


 


 


EMA FINANCIAL, LLC


 


_______________________________


By: Felicia Preston


Title: Director




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