Document:

Exhibit 4.9

 

SETTLEMENT
AGREEMENT

 

This Settlement Agreement (“Agreement”)
is made and entered into this 8th day of February, 2013, by and between Globalwise Investments, Inc., a Nevada corporation,
(the “Company”), and Armstrong Teasdale LLP (“Armstrong Teasdale”), with its primary offices located at
7700 Forsyth Blvd., Suite 1800, St. Louis, Missouri 63105. Armstrong Teasdale and the Company are collectively referred to herein
as the “Parties”.

 

I.RECITALS

 

WHEREAS, Armstrong Teasdale provided legal
services to the Company and/or its affiliates and Armstrong Teasdale is owed Two Hundred Sixty-Two Thousand and 00/100 Dollars
($262,000.00) by the Company and/or its affiliates in connection with and on account of such services rendered by Armstrong Teasdale
(the “Services”); and

 

WHEREAS, the Parties wish to enter into this
Agreement in full and complete settlement of any and all claims arising from the Services.

 

NOW THEREFORE, in consideration of the foregoing
and for other good and valuable consideration, the receipt and sufficiency of which being hereby acknowledged by the Parties, it
is agreed as follows:

 

II.RELEASE AND DISCHARGE

 

A. Release
and Discharge. In consideration of the receipt by Armstrong Teasdale of the Settlement Fee, the issuance of Shares by the Company
in favor and for the benefit of Armstrong Teasdale, and the registration rights granted to Armstrong Teasdale in connection with
the issuance of such Shares, all as provided for in Section III below, Armstrong Teasdale completely releases and forever discharges
the Company from any and all past, present or future claims, demands, actions, damages, costs, expenses, loss of services and causes
of action of any kind or character, whether based on tort, contract or other theory of recovery, whether known or unknown, which
have arisen in the past or which may arise in the future, whether directly or indirectly, caused by, connected with or resulting
from the Services, as well as any and all rights of set-off, defenses, claims, causes of action, and any other bar to all
transactions and dealings as between Armstrong Teasdale and the Company. This release and discharge
shall be fully binding and evidence a complete settlement by and between Armstrong Teasdale and the Company; provided, however,
that such release and discharge shall be contingent upon satisfaction by the Company of each and every of its obligations as set
forth in this Agreement, including but not limited to the payment of the Settlement Fee and the issuance of the Shares. Armstrong
Teasdale hereby agrees to indemnify, defend, and hold the Company free and harmless from and against any and all losses, damages,
costs, or expenses (including reasonable attorneys’ fees) incurred by the Company as a direct or indirect result of breach
of any representation or warranty of Armstrong Teasdale contained in this Agreement and any and all documents, certificates and
other agreement relating to same.

 

    	1

    	 

    

 

In consideration
of the agreement of Armstrong Teasdale to settle any and all claims against the Company arising from providing the Services, the
Company, its subsidiaries and affiliates, its officers, employees, directors, agents, and representatives
completely release and forever discharge Armstrong Teasdale from any and all past, present or future claims, demands, actions,
damages, costs, expenses, loss of services and causes of action of any kind or character, whether based on tort, contract or other
theory of recovery, whether known or unknown, which have arisen in the past or which may arise in the future, whether directly
or indirectly, caused by, connected with or resulting from the Services or the transactions contemplated by this Agreement,
as well as any and all rights of set-off, defenses, claims, causes of action, and any other bar to all transactions and dealings
as between the Company and Armstrong Teasdale. This release and discharge shall be fully binding
and evidence a complete settlement by and between the Company and Armstrong Teasdale. The Company hereby agrees to indemnify,
defend, and hold Armstrong Teasdale free and harmless from and against any and all losses, damages, costs, or expenses (including
reasonable attorneys’ fees) incurred by Armstrong Teasdale as a direct or indirect result of breach of any representation
or warranty of the Company contained in this Agreement and any and all documents, certificates and other agreement relating to
same.

 

B. Parties Released. This release and
discharge shall also apply to the Parties’ subsidiaries, affiliates, directors, officers, employees, agents, representatives,
heirs, executors, personal representatives, professional representatives, assigns and all other persons, firms or corporations
with whom any of the Parties have been, are now or may hereafter be affiliated.

 

III.CONSIDERATION

 

A. Payment at Settlement. In consideration
of the foregoing terms and conditions, the Company shall:

 

1. Pay by wire transfer on February 8, 2013,
Fifty Thousand Dollars ($50,000) to the account of Armstrong Teasdale, at Cass Commercial Bank, 13001 Hollenberg Drive, Bridgeton,
MO 63044, account number 40052036, with ABA routing number 081000605, and swift code CASSUS41 (the “Settlement Fee”);

 

2. Instruct the Company’s transfer
agent on February 8, 2013, to immediately issue to Armstrong Teasdale a certificate for 873,333 shares of common stock of the Company,
par value $0.001 per share, (collectively, the “Shares”), such certificate to reflect the following, and only the following,
restrictive legend:

 

“THE SECURITIES EVIDENCED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION. THE SECURITIES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (1) PURSUANT
TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT, IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE STATE SECURITIES LAWS AND THE SECURITIES LAWS OF OTHER JURISDICTIONS, AND IN
THE CASE OF A TRANSACTION EXEMPT FROM REGISTRATION, UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY
TO IT THAT SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT AND SUCH OTHER APPLICABLE LAWS.”;

 

    	2

    	 

    

 

3. Provide evidence on February 8, 2013
of instructions issued from the Company to its transfer agent instructing the issuance of Shares to Armstrong Teasdale as of February
7, 2013, such evidence shall be in the form of Exhibit A hereto; and

 

4. Register such Shares pursuant to the
terms of set forth in Section IV below.

 

IV. Registration
Rights of Shares 

 

(a)If at any time the Company proposes
to file with the Securities and Exchange Commission a registration statement under the Securities Act of 1933 (the “1933
Act”) on any form on which the Shares may be registered, it shall give Armstrong Teasdale written notice of its intention
to file such registration statement. If Armstrong Teasdale so elects, by written notice to the Company given within twenty (20)
days after the receipt of such notice from the Company, Armstrong Teasdale may elect to have all or any portion of Shares registered
by such registration statement if such registration statement becomes effective.

 

(b)The registration referred to in this
Section IV(a) above shall be accomplished at the sole expense of the Company, except that Armstrong Teasdale shall pay whatever
additional costs (including filing fees) are incurred by the Company solely as a result of the inclusion of the Shares in the registration
statement.

 

(c)If any Shares are registered pursuant
to this Section IV, the registration rights of the Shares shall be no less than the registration rights of other shares that are
registered under the applicable registration statement.

 

(d)Notwithstanding anything herein to
the contrary, the Company shall not be required to register any Shares if counsel for the Company opines and counsel for Armstrong
Teasdale agrees (which agreement will not be withheld unreasonably) that such Shares may be sold publicly by Armstrong Teasdale
without registration under the 1933 Act (including reliance on Rule 144 under the 1933 Act) and applicable state blue sky laws,
or if the Company, at its expense, procures a “no action” letter from the Securities and Exchange Commission indicating
that it will take no action if the Shares are sold without registration.

 

(e)If any of Shares are registered, Armstrong
Teasdale and the Company will enter into a cross indemnity agreement in form and substance satisfactory to counsel for each of
Armstrong Teasdale and the Company (which satisfaction shall not be withheld unreasonably) by which the Company will indemnify
Armstrong Teasdale against any liability arising under the 1933 Act, except to the extent that liability arises in connection with
information supplied to the Company by Armstrong Teasdale or its agents, and Armstrong Teasdale shall indemnify the Company against
any liability arising under the 1933 Act, but only to the extent that liability arises in connection with information supplied
to the Company by Armstrong Teasdale or its agents.

 

(f)The registration rights granted by
this Agreement shall be for the benefit of Armstrong Teasdale or any transferee of Armstrong Teasdale to whom Shares are transferred
directly or indirectly by Armstrong Teasdale in a transaction or series of transactions not involving any public offering. The
Company makes no representations as to transferability of the Shares. However, if Armstrong Teasdale chooses to transfer any portion
of the Shares, then Armstrong Teasdale shall provide the Company an opinion of counsel to Armstrong Teasdale, in a form reasonably
acceptable to the Company, that registration under the 1933 Act is not required for such transfer.

 

    	3

    	 

    

 

V.ENTIRE AGREEMENT

 

The Parties acknowledge that this Agreement
contains the entire agreement between Armstrong Teasdale and the Company with regard to the matters set forth in it, that there
are no other understandings or agreements between the Parties, verbal or otherwise, in relation to the Agreement except as expressly
set forth in this Agreement and that the terms of this Agreement are contractual and not mere recitals.

 

 

 

VI.COUNTERPARTS.

 

This Agreement may be executed in several
counterparts, each of which shall be an original, so that all of which taken together shall constitute one and the same instrument.

 

VII.CONTROLLING LAW

 

This Agreement shall be construed and interpreted
in accordance with the laws of the State of Missouri.

 

VIII. BINDING EFFECT.

 

This Agreement shall be binding upon and shall
inure to the benefit of the Parties and their respective affiliates, successors and/or assigns.

 

IX.REPRESENTATION BY COUNSEL.

 

The Company hereby affirms
that it is entering into and executing this Agreement freely and voluntarily; that it has been represented by independent counsel
of its own selection, and had an opportunity to investigate the facts and issues and seek independent advice of counsel in regard
to all details and particulars of this Agreement and the underlying facts, disputes or representations; and that it clearly understands
and assents to all the provisions of this Agreement. Further, the Company and Armstrong Teasdale hereby acknowledge and agree that
the terms for settlement set forth in this Agreement are in all respects a fair and just compromise of all claims and issues by
and between them.

 

 

 

[THE REST
OF THIS PAGE INTENTIONALLLY LEFT BLANK]

 

    	4

    	 

    

 

IN WITNESS WHEREOF, the Company and Armstrong
Teasdale have caused this Agreement to be executed as of the date first set forth above.

 

 

 

GLOBALWISE INVESTMENTS, INC.,

a Nevada corporation

 

By: /s/ William J. Santiago

Name: William J. Santiago

Its: President and CEO

 

 

 

 

 

ARMSTRONG TEASDALE LLP

 

 

 

By: /s/ Mike Wazlawek

Name: Mike Wazlawek

Its: Partner

 

    	5Exhibit 4.10

 

THIS PROMISSORY NOTE HAS NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD,
PLEDGED, HYPOTHECATED, ASSIGNED OR OTHERWISE DISPOSED OF, AND NO TRANSFER OF THIS PROMISSORY NOTE WILL BE MADE BY THE COMPANY OR
ITS TRANSFER AGENT IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION.

 

FORM OF CONVERTIBLE PROMISSORY NOTE

 

	$___  	 	Columbus, Ohio 
	 	 	 	January 28, 2013

 

FOR VALUE RECEIVED,
Globalwise Investments, Inc., a Nevada corporation (the “Company”), with its principal place of business at 2190 Dividend
Drive, Columbus, OH 43228, its successors and assigns (the “Company”), promises to pay to the order of  _____ (the
“Payee”), having an address at ___________, on the earliest to occur of (a) July 31, 2013, (b) the date of closing
of a PIPE Financing (as hereinafter defined), or (c) the acceleration of this Note by Payee upon the occurrence of a Default (as
defined below) (such earlier date, the “Maturity Date”), or at such other place as the Payee may hereafter specify
in writing, the principal sum of _____.

 

1.                 
This Note is issued by and among the Company and the Payee, and includes as consideration to the Payee, the issuance to
the Payee of a warrant to purchase ________ shares of the Company’s Common Stock (“Common Stock”), at an exercise
price of $0.28 per share, in addition to any conversion, if applicable, pursuant to the closing of a PIPE Financing referenced
in the paragraph 2 of the Note.

 

2.                 
The Payee shall have the right, at his option, at any time on or before the repayment of the Note, to convert, in whole
or in part, subject to the terms and provisions hereof, the principal amount of the Note and interest accrued (if any) through
the date of conversion, into securities to be issued by the Company in a PIPE Financing. “PIPE Financing” shall mean
the private placement of equity, equity equivalent, convertible debt or debt financing in which the Company receives gross proceeds,
in one or more transactions, of at least Three Hundred Thousand Dollars ($300,000). It is understood that any securities issued
in such PIPE Financing will bear a restrictive legend.

 

3.                 
This Note shall bear no interest through the Maturity Date. Except if this Note is converted as provided herein, payments
on both principal and interest (if any) are to be made in lawful money of the United States of America unless Payee agrees to another
form of payment. The Company reserves the right to pay interest (if any) quarterly after the Maturity Date at its option.

 

    	1

    	 

    

 

4.                 
As used herein, a “Default” means a material default by the Company of this Note, or the Warrant issued by the
Company to Payee on the date hereof.

 

5.                 
Amounts not paid when due hereunder shall bear interest from the due date until such amounts are paid at the rate of 15%
per annum; provided, however, that in the event such interest rate would violate any applicable usury law, the default
rate shall be the highest lawful interest rate permitted under such usury law. Upon the occurrence of a Default and receipt of
written notice by the Company from Payee of such Default, the principal and interest due hereunder shall be immediately due and
payable by the Company to Payee, unless such Default is waived by the Payee.

 

6.                 
Presentment, demand, protest or notice of any kind are hereby waived by the Company. The Company may not set off against
any amounts due to Payee hereunder any claims against Payee or other amounts owed by Payee to the Company.

 

7.                 
All rights and remedies of Payee under this Note are cumulative and in addition to all other rights and remedies available
at law or in equity, and all such rights and remedies may be exercised singly, successively and/or concurrently. Failure to exercise
any right or remedy shall not be deemed a waiver of such right or remedy.

 

8.                 
The Company agrees to pay all reasonable costs of collection, including attorneys' fees which may be incurred in the collection
of this Note or any portion thereof and, in case an action is instituted for such purposes, the amount of all attorneys' fees shall
be such amount as the court shall adjudge reasonable.

 

9.                 
This Note is made and delivered in, and shall be governed, construed and enforced under the laws of the State of Ohio.

 

10.             
This Note shall be subject to prepayment, at the option of the Company, in whole or in part, at any time and from time to
time, without premium or penalty.

 

11.             
This Note or any benefits or obligations hereunder may not be assigned or transferred by the Company, without the consent
of the Payee, which consent shall not be unreasonably withheld.

 

All debt for borrowed
money issued by the Company after the date hereof shall provide that it is subordinate in right of payment and otherwise to the
debt evidenced by this Note. So long as this Note is outstanding, the Company shall operate its business in the ordinary course
of business consistent with past practice and shall not take any action, or omit to take any action, which has or is reasonably
likely to have a material adverse effect on the Company or its business, properties, assets, financial condition or prospects.

 

[THE REST OF THIS PAGE INTENTIONALLY LEFT
BLANK]

 

    	2

    	 

    

 

 

IN WITNESS WHEREOF, the Company has caused this Note to be duly
executed and delivered as of the date first set forth above.

 

 

Globalwise Investments, Inc.

 

 

By:______________________________

Name: William J. Santiago

Title: Chief Executive Officer

 

 

 

 

 

By:______________________________

Name:

 

    	3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}]]