Exhibit 10.18





SETTLEMENT AND RELEASE AGREEMENT



This
Settlement and Release Agreement (this "Agreement"), is made by, between and among Joseph A. Cellura, Craig A. Fielding,
Patrick Shuster, Todd Sherman, Consorteum Holdings, Inc., and Consorteum, Inc.



RECITALS:



|1. |  | The parties to this Agreement have various disputes and claims against each other
arising out of or in connection with their respective positions with, and actions taken or omitted to be taken for, Consorteum
Holdings, Inc., Consorteum, Inc. and various other entities and persons named below in this Agreement.
|-- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2. |  | The parties acknowledge that the outcome of these disputes is uncertain, and that
litigation of the disputes will be time consuming, and expensive, and will take years to conclude.
|-- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3. |  | The parties agree that it is not in the best interests of any of them to engage in
protracted litigation of the disputes.
|-- |  | -------------------------------------------------------------------------------------------------------------------------



N 0 W, T
H E R E F 0 R E, in consideration of the foregoing recitals, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows:



SECTION A



DEFINITIONS



"Affiliate"
refers to a Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by or under common
controlwith,the Person specified, for so long as such
Person remains so associated to the specified Person. Control means, with respect to a specified Person, the possession, directly
or indirectly, of the power to direct or cause the direction of the affairs or management of a Person,whetherthrough the ownership of voting securities, by contract or otherwise. For the avoidanceofdoubt CSRH and Consorteum will not be deemed Affiliates of Cellura for any purposes underthisAgreement.



"Agreement"
refers to this Settlement and ReleaseAgreement



"BA"
refers to Bank of America.



"Cellura"
refers to Joseph Cellura and his heirs, successors and assigns, privies, executors, administrators,legatees,and distributes, attorneys,insurers,employees
and agents, past or present.



"Consorteum"
refers to Consorteum, Inc., and its shareholders, predecessors, successors, parents, subsidiaries, and affiliates, and their respective
directors, officers, management committee members, attorneys, insurers, employees and agents, past or present.







1











"CSRH"refers to ConsorteumHoldings,Inc.,
and its shareholders, predecessors,successors,parents,
subsidiaries, and affiliates, and theirrespectivedirectors,
officers, management committee members, attorneys, insurers, employees and agents, past or present.



"Disputes"referstoany and all
claims, counterclaims,cross claims, third-party claims
by anyPartyagainst any otherPartyarising out of,inconnection
with,under or related to CSRH, Consorteum, Cellura,Fielding, theirAffiliates,and
any executed and closed or potential and unconsummated transaction by and among any of theforegoingbeginning on and afterMarch1,
2011, and continuing through and including theEffectiveDate.



"EffectiveDate" refers to the date on which thisAgreementbecomes
effective, which date shall be the date on which this Agreement is signed by all parties.



"Fielding"refers to CraigA.Fielding,
and his heirs,successorsandassigns,privies, executors, administrators, legatees,and
distributes, attorneys, insurers, employees and agents, past or present.



"GhiselliBrothers" refers to Michael and StevenGhiselli.



"Joseph
R. Cellura" in both his individual and official capacity of any."Todd Sherman"in both his individual and official capacity of any."PatrickShuster" in both his individual and officialcapacityof any.



"Governmental
Authority": Any nation or government,any state or
other political subdivision thereof,and any entity exercisingexecutive,legislative,judicial, regulatory or administrative functions of or pertaining to government.





"MEXI"refers to MediaExchangeGroup,Inc. and itsshareholders,predecessors, successors, parents, subsidiaries, and affiliates, and their respectivedirectors,officers, attorneys, insurers,employeesand
agents, past or present.



"MEXINote
holders" referscollectively tothe holders ofMEXINotesthe obligations for payment of which were assumed
by CSRH pursuantto an agreementdated as of June 6. 2011byandamongCSRH
and MEXI.



"Parties"referscollectivelytoall parties tothis Agreement.



"Person": Any natural person,
corporation,partnership, joint venture,trust, incorporated
organization,limited liability company,otherform of businessor
legal entity or GovernmentalAuthority.



"Signature Page" refers to
the signature pageis lastpagecontaininga signature of signaturesofthe
parties.







2









SECTION B



SETTLEMENT TERMS



1.       Mr.
Cellura agrees,upon his separation to turn over all relevant
documents related to any financing or other transaction which was entered into by or on behalf of the Company and confirm such
agreements with the auditor as necessary to enable the Company to complete its 1OK filing on or before October 23, 2012.



2.       Mr.
Cellura shall withdraw any confirms against the Company for funds deposited into accounts not connected with Consorteum Holdings.
Specifically, Mr. Cellura will withdraw his claims for amounts deposited by Mike or Steve Ghiselli into accounts not under the
direct control of Consorteum Holdings. The $1.785 million dollars initially confirmed shall be adjusted to the figure previously
disclosed by the Company to the Company's accountants which now totals approximately $350,000 for 2012. All of these deposits
were made into Company accounts in 2012, of which convertible notes have previously been issued. In addition Mr. Cellura shall
withdraw his confirmations for funds deposited into Malibu Entertainment Group Inc.



3.       The
Company shall continue to carry the MEXI note holder's debt acquired during the MEXI acquisition agreement as disclosed by the
8K filing in July 2011.



4.       Mr.
Cellura shall provide a signed convertible note in the amount of $45,000 convertible at $0.025 /share in the name of Judith Beatty
to the Company and work with Mrs. Beatty to confirm the same with the auditor no later than Monday October 22, 2012.



5.       Mr.
Cellura shall confirm the accrued salary in the amount of $46,000 to the auditors no later than Monday October 22, 2012. Mr. Cellura
shall withdraw the confirmation for $199,990 previously sent to the auditors including but not limited to the confirmation for
lost opportunity funding with Steve Chop, legal fees to Attorney Douglas R. Dollinger and expenses at the London Hotel.



6.       Mr.
Cellura agrees for himself and for Game2 Mobile to withdraw the complaint with prejudice filed in the Southern District of New
York and drop any legal action pending or contemplated against the Company or its officers, directors or agents.



7.       The
parties to the foregoing action as described above ("7") shall agree to refrain from any future disparaging remarks
concerning either Mr. Cellura and/or the officers, directors or agents of the Companies- Consorteum Holdings and/or Game2Mobile.



8.The
parties to the foregoing action as described above ("6") shall provide mutual general releases to one another.











3









In
recognition of this agreement and the terms of the Separation and Settlement Agreement Points, the Parties hereto affix their
signatures below.





Dated: October 21, 2012



Consorteum Holdings, Inc.



/s/ Craig A. Fielding

Craig A. Fielding, CEO







Consorteum, Inc.



/s/ Craig A. Fielding







John Osborne, CEO

Game2Mobile Inc.



/s/ John Osborne







Joseph R. Cellura



/s/ Joseph R. Cellura





Patrick Shuster



/s/Patrick Shuster





Craig Fielding



/s/ Craig A. Fielding





Todd Sherman – Under Separate Agreement







4