Document:

MUTUAL RELEASE AND SEPARATION AGREEMENT

 

THIS MUTUAL RELEASE
AND SEPARATION AGREEMENT (this “Agreement”) is made as of the ___ day of December, 2013, by Frederick Garson, an
individual (“Garson”), and Mindpix Corporation., a Nevada corporation (“Mindpix”).

 

Preliminary Statements

 

Garson has been employed
by Mindpix as Chairman of the Board.

 

Garson and Mindpix wish
to resolve and to settle all issues between them relating to the employment of Garson by Mindpix, including without limitation,
all issues relating to salary and payments payable to Garson.

 

WITNESSETH:

 

NOW, THEREFORE,
in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties do hereby agree as follows:

 

1. Preliminary
Statements. The foregoing Preliminary Statements are true and form a part of this Agreement.

 

2. Severance.
Garson has resigned as director and Chairman of the Board of Mindpix as per the resignation attached hereto as Exhibit A and Mindpix
shall pay to Garson:

 

(a) 30,000,000 (Thirty
Million) shares of common stock as per the December 23, 2012 Board Meeting Minutes

 

(b) payment of $1,000
per month for 12 months (subject to withholding for taxes) and the maintenance of Garson’s health insurance for 12 months.
Should the Company fail to make a payment to Garson except during such time that the Company has suspended payroll payments to
all employees on payroll, then the amounts not already paid shall become immediately due and payable. Any current arrearage shall
be paid with the first payment to Garson which shall be on or before December 20, 2013.

 

3. Selling Limitation.
All shares to be issued as set forth herein shall be subject to Rule 144 and contain a restrictive legend. Shares for which the
holding period has expired pursuant to Rule 144 may be sold at a rate as set forth in the Leak Out and Lock Up Agreement by and
between Mindpix, Garson and ZZYX Entertainment and attached hereto as Exhibit B.

 

4. Mutual Release.
In consideration of the agreements and mutual promises made herein, Mindpix, on the one hand, and Garson, on the other hand, hereby
mutually release and forever discharge each other, from all actions, suits, debts, dues, sums of money, accounts, covenants, contracts,
controversies, agreements, trespasses, damages, judgments, claims, demands and all other liabilities and obligations whatsoever,
in law or in equity, known or unknown, existing or which may arise in the future, and fixed or contingent (each a “Claim”),
that the parties ever had, now has or hereafter, can, shall or may have, from any matter, cause or thing whatsoever, from the beginning
of the world through the date hereof, other than the parties’ respective obligations under this Agreement and the other agreements
contemplated hereby. The parties represent that no portion of any Claim has been assigned or transferred by subrogation or otherwise
to any other person, firm, or entity. Mindpix agrees to defend Garson, in the event that any action is asserted for any claim during
the term of employment, or affiliation.

 

    	 

    	 

    

 

5. Miscellaneous

 

(a) Entire Agreement.
This Agreement contains the entire agreement and understanding of the parties, and supercedes all prior agreements and understandings,
written or oral; is irrevocable and may not be modified or terminated except to the extent, if any, set forth in a writing signed
by the parties.

 

(b) Governing Law;
Jurisdiction and Venue. This Agreement shall be governed by and construed in accordance with Florida law without giving effect
to the choice of law provisions thereof. Any legal proceeding arising out of or relating to this Agreement shall be brought in
any state court having jurisdiction located in Broward County, Florida, or in the United States District Court, Southern District
of Florida. Each party consents to the jurisdiction of such courts in any legal proceeding and waives any objection to the laying
of venue of any legal action in any such court. Prior to the filing of any action the parties agree to submit any controversy to
mediation with a mediator to be picked by the American Arbitration Association.

 

(c) Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be and constitute an original and one and the
same instrument. A copy or facsimile copy of this Agreement and any signatures hereon shall be considered for all purposes as originals.

 

(d) Severability.
If any term, provision or portion of this Agreement is held to be unlawful, in conflict with federal, state or other applicable
law or otherwise enforceable, the remainder of this Agreement shall continue in full force and effect to the same extent as if
the illegal or invalid provision was not included in this Agreement and the remainder of the Agreement shall be enforced to give
effect to the fullest extent legally permissible the intent and purposes of the parties as evidenced by this Agreement.

 

(e) Notices.
Any notice or other communication required or permitted hereunder shall be in writing and delivered at the addresses set forth
below, or mailed by registered or certified mail, return receipt requested, postage prepaid, or by any courier service of recognized
national standing, addressed as follows, or to such other address or addresses as may be hereafter furnished by one party to the
other party in compliance with the terms hereof:

 

If to Garson, to:

 

Frederick Garson

_______________________

_______________________

 

    	2

    	 

    

 

If to Mindpix, to:

 

Mindpix Corp.

901 Lincoln Road

Miami Beach, FL 33139

 

11. Non-Disparagement
Clause: The Parties, as well as their respective officers, directors, and
principals shall not directly or indirectly falsely disparage each other in any written or oral communication to any person or
entity, including via electronic mail or electronic communication, on the Internet, through a website, bulletin board, posting,
blog, or otherwise. Should it be determined pursuant to the dispute resolution provisions of this agreement that Garson violated
this provision, Garson shall return the shares upon the request of Mindpix, all as liquidated damages and not as a penalty.

 

12. Effectiveness.
This Agreement shall bind and benefit Garson and Mindpix but shall not become effective or enforceable in any respect until the
date executed and delivered by the each of the parties (the “Effective Date”).

 

THE REMAINDER OF THIS
PAGE IS INTENTIONALLY BLANK

 

    	3

    	 

    

 

IN WITNESS WHEREOF,
this Agreement has been executed and delivered by the parties as of the dates set forth below.

 

Signed, sealed and delivered

in the presence of:

 

	 	 	 
	Witness	 	Frederick Garson
	 	 	 	
	 	 	Date: 	__________, 2013
	Witness	 	 	 
	 	 	 	 
	 	 	MINDPIX CORP., a
	 	 	Nevada Corporation
	 	 	 	 
	 	 	By:	 
	Witness	 	Name: 	 
	 	 	Title: 	 
	 	 		
	 	 	Date: 	__________, 2013
	Witness	 	 	 

 

    	4

    	 

    

 

Exhibit A

 

December __, 2013

 

Mindpix Corporation

901 Lincoln Rd.

Miami Beach, FL 33139

 

To The Board of Directors,

 

I hereby tender my resignation as Chairman
of the Board of Directors and as a Director of Mindpix Corporation. I have no disputes with the Company.

 

	Very Truly Yours	 
	 	 
	 	 
	Frederick Garson	 

 

    	5Exhibit 10.3

 

LOCK
UP AND LEAK OUT AGREEMENT

 

This
Agreement (the “Agreement”) is made by and between Frederick Garson (“Garson” or the “Shareholder”),
and any of its affiliates, associates or designees, Mindpix Corporation, a Nevada corporation. (the “Company”), and
Jonathan D. Leinwand, P.A. (the “Escrow Agent”).

  

RECITALS:

 

WHEREAS,
Garson is the holder of 30,000,000 shares of Company Common Stock;

  

WHEREAS,
Garson and the Company entered into a Mutual Release and Separation Agreement dated December 12, 2013;

 

WHEREAS
in order to facilitate an orderly market for the Common Stock of the Company, the Shareholder and the Company desire to enter
into this Agreement and restrict the sale, assignment, transfer, conveyance, hypothecation or alienation of the Common Stock held
by the Parties;

 

NOW
THEREFORE, in consideration of the foregoing premises and the mutual covenants contained herein, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

1. The
Shareholder may transfer its shares of Common Stock to an affiliate, partner, subsidiary or trust provided that the transferee
(or the legal representative of the transferee) executed an agreement to be bound by all terms of this Agreement.

 

2. The
Shareholders may only resell the shares of Common Stock in accordance with Rule 144 and pursuant to an opinion of counsel acceptable
the Company. The Company will cooperate with Garson in facilitating the deposit of such shares including providing opinions of
counsel when necessary.

 

3. The
Shareholders agree that they will not engage in any short selling of the shares of Common Stock.

 

4. This
Agreement shall terminate twenty four (24) months from the Effective Date, and thereafter all provisions contained herein shall
cease and be of no further force or effect.

 

5. The
shares shall be held in escrow by the Escrow Agent and shall be released by the transfer of 5 million shares per month starting
on the date hereof, upon notice to the Company by the shareholder. The shareholder may not request or sell more than 5,000,000
(Five Million) shares in any 30 day period. The Company shall request that the first two certificates be issued without a restrictive
legend, the remainder with a restrictive legend and that the certificates will be delivered to the Escrow Agent within 10 days
of the date hereof.

 

6. The
Shareholder shall be entitled to its respective beneficial rights of ownership of the shares of Common Stock, including the right
to vote the shares of Common Stock for any and all purposes.

 

7. Shareholder
shall upon the execution of this agreement, irrevocably place and deposit in escrow the Shares with Escrow Agent.

 

    	 

    	 

    

 

8. The
Parties hereby directs Escrow Agent to retain the Shares and not to cause anything to be done to release the same from escrow
or allow any transfer, hypothecation or alienation thereof except as expressly provided herein.

 

9. The
timing of the sale or sales or transfer or transfers of Shares within any month shall be in the Shareholder’s sole discretion
up to the limitation amount.

 

10. The
Parties hereby release and indemnify and save harmless Escrow Agent from and against all claims, suits, damages and expenses which
may be occasioned by reason of Escrow Agent’s compliance in good faith with the terms hereof.

 

11. It
is understood and agreed that the restrictions contained herein are reasonable.

  

12. This
agreement shall, unless otherwise agreed in writing by all of the parties hereto, continue in force and effect from the date hereof
until such time as all of the Shares have been released from escrow by Escrow Agent.

 

13. This
agreement may be executed in any number of counterparts and may be delivered by facsimile transmission. All executed counterparts
shall together form one original agreement, and such counterparts and facsimile transmissions, if more than one, shall be read
together and construed as if the signing parties had executed one copy of this agreement.

 

14. This
agreement shall ensure to the benefit of and be binding upon the parties hereto and each of their successors and assigns.

 

15. The
parties agree to comply with all state and federal securities laws applicable to the Shares and the activities of the parties
in respect of the performance of their obligations hereunder.

 

16. This
agreement shall be governed by and construed in accordance with the laws of the State of Nevada and jurisdiction and venue for
any action shall be in the Courts of Broward County, Florida.

 

17. This
Agreement may be executed in any number of counterparts with the same force and effect as if all parties had executed the same
document.

 

18. All
notices, instructions or other communications required or permitted to be given pursuant to this Agreement shall be given in writing
and delivered by certified mail, return receipt requested, overnight delivery or hand-delivered to all parties to this Agreement
at the address set forth below. All notices shall be deemed to be given on the same day if sent by overnight delivery or the second
business date following the date of mailing.

19. The
parties agree to comply with all state and federal securities laws applicable to the Shares and the activities of the parties
in respect of the performance of their obligations hereunder.

 

20. This
Agreement sets forth the entire understanding of the parties.

 

    	2

    	 

    

 

[SIGNATURE
PAGE FOLLOWS]

 

IN
WITNESS HEREOF, the undersigned have duly executed and delivered this Agreement as of the day and year first above written.

 

	 	MINDPIX CORPORATION
	 	 	 
	 	By:	
	 	 	Victor
    Siegel, President
	 	 	 
	 	FREDERIC GARSON
	 	 	 
	 	By:	
	 	 	Frederic
    Garson
	 	 	 
	 	ESCROW AGENT
	 	JONATHAN D. LEINWAND, PA
	 	 	 
	 	By:	
	 	 	Jonathan
    Leinwand, Esq.
	 	 	 
	 	By:	

 

    	3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00226-of-00352.parquet"}]]