Document:

Exhibit

Exhibit 10.2

Waiver Letter

To:    Nextel Telecomunicações LTDA.
Date:    14 August 2017
Dear Sirs
Re: US$250,000,000 Credit Agreement dated 20 April 2012 among China Development Bank as Lender, Arranger and as Administrative Agent (the “Administrative Agent”), Nextel Telecomunicações LTDA. as Borrower (the “Borrower”) and certain entities as Guarantors as amended and restated from time to time, including as amended by Amendment Agreement No.1 dated 25 September 2013 and by Amendment Agreement No.2 dated 5 December 2014 among the same parties (the “Credit Agreement”)
		
	1.
	We refer to (i) the Credit Agreement, (ii) a waiver request dated 8 December 2016 from NII Holdings, Inc. and the Borrower to the Administrative Agent (the “Waiver Request”), and (iii) a notice of merger dated 11 January 2017 from the Borrower to the Administrative Agent (the “Notice of Merger”).  Save as defined in this Letter, words and expressions defined in the Credit Agreement shall have the same meanings when used in this Letter.

		
	2.
	Pursuant to the Waiver Request, the Borrower requested the Administrative Agent and the Required Lenders to waive the Borrower’s compliance with the covenants described in Section 5.25 (Incremental Indebtedness and Subordinated Restricted Intercompany Indebtedness) of the Credit Agreement to the extent necessary to permit the Borrower to incur and/or suffer to exist the Spectrum Financing (as defined in the Waiver Request).

		
	3.
	Pursuant to the Notice of Merger, the Borrower requested the Administrative Agent and the Required Lenders to waive the Borrower’s compliance with the covenants described in Section 5.1(l) (Financial Statements and Other Information) of the Credit Agreement to the extent necessary to waive the Borrower’s failure to give notice of the Merger (as defined in the Notice of Merger) in accordance with the requirement under such section (paragraphs 2 and 3 collectively, the “Waived Obligations”).

		
	4.
	In this Letter “Effective Date” means the date upon which we have received:

		
	(a)
	a copy of this Letter duly countersigned by the Borrower, the Parent and each Guarantor; 

		
	(b)
	a duly executed letter from the China Export and Credit Insurance Corporation (“Sinosure”) in form and substance reasonably satisfactory to us confirming that Sinosure agrees to the granting of the waivers in relation to the US$250,000,000 Sinosure-backed Credit Agreement dated 20 April 2012 among the Borrower, the Guarantors and China Development Bank (as amended and/or restated from time to time); 

		
	(c)
	evidence reasonably satisfactory to the Administrative Agent that NII Holdings, Inc. has, through its indirect subsidiaries McCaw International (Brazil) LLC and Nextel Telecomunicações S.A., made an equity contribution of no less than US$50,000,000 into the Borrower prior to 31 December 2016; 

		
	(d)
	evidence reasonably satisfactory to the Administrative Agent that for each date during the period from 31 January 2017 through 14 February 2017 (both dates inclusive), the Borrower maintained in its bank accounts a balance of no less than US$30,000,000;

		
	(e)
	the principal, interests and any other amount in an aggregate amount of US$29,182,107.57 which are due and payable on 15 August 2017; 

		
	(f)
	the fees specified in paragraph 8 below in full within the time period as notified by the Administrative Agent; and

		
	(g)
	a copy of the board (or equivalent) resolution and delegation of authority of the Borrower, the Parent and each Guarantor in relation to the entry into, and performance of the obligations under, this Letter.

		
	5.
	As conditions subsequent to the effectiveness of the waivers set forth in paragraph 7 of this Letter, the Administrative Agent shall have received:  

		
	(a)
	a legal opinion from Dias Carneiro Advogados, Brazilian counsel to the Administrative Agent and the Lender, as to matters of good standing, execution, delivery, and performance with respect to each Obligor in connection with this Letter, in form and substance reasonably satisfactory to us, by no later than 31 August 2017;

		
	(b)
	a legal opinion from Morris James LLP, Delaware counsel to the Administrative Agent and the Lender, as to matters of good standing, execution, delivery, and performance with respect to the Parent in connection with this Letter, in form and substance reasonably satisfactory to us, by no later than 31 August 2017; and

		
	(c)
	an original of this Letter (i) with the parties’ signatures duly notarized, (ii) with the notarizations duly legalized with the competent Brazilian consulate or, in case it was executed in a country member of the Hague Apostille Convention, duly apostilled at the place of execution, (iii) sworn translated into Portuguese by a sworn translator registered with the Board of Commerce (Junta Comercial) and (iv) registered with the Registry of Titles and Deeds (Cartório de Registro de Títulos e Documentos) of the city in which the Borrower is headquartered, by no later than 30 days after receipt by the Borrower of an original of this Letter where (x) the Administrative Agent’s signature is duly notarized, and (y) the notarizations are duly legalized with the competent Brazilian consulate or, in case it was executed in a country member of the Hague Apostille Convention, duly apostilled at the place of execution. 

		
	6.
	By acceptance of the terms and conditions of this Letter, the Borrower:

		
	(a)
	except as disclosed by the Borrower in the Notice of Merger, repeats the Repeating Representations of the Credit Agreement, as if references to “the Agreement”, “Financing Document” or “Transaction Document” were to, or included (respectively), this Letter; 

		
	(b)
	represents that save as waived by this Letter, no Default or Event of Default is continuing or would result from the Waived Obligations or the entry into, or the transaction contemplated by, the Spectrum Financing or this Letter; and

		
	(c)
	without limiting Section 10.1 (Costs and Expenses) of the Credit Agreement, agrees to reimburse the Administrative Agent (or, upon the Administrative Agent’s instructions in its sole discretion, pay to the Administrative Agent’s counterparty directly) promptly on demand for all reasonable and documented costs and expenses (together with any Taxes), including, without limitation, the reasonable and documented fees and expenses of the Administrative Agent’s legal advisers, incurred in connection with the negotiation, preparation and execution of this Letter, and in any event within thirty (30) days of the date of this Letter.

		
	7.
	We confirm that the consent of the Required Lenders has been obtained to the waivers of the Waived Obligations referred to in paragraphs 2 and 3 above and accordingly, on behalf of each of the Required Lenders and in consideration of the fees payable under paragraph 8 below, we agree that, with effect from the Effective Date, the Borrower’s compliance with the Waived Obligations shall be waived as of the date on which such Waived Obligations were breached by the Borrower along with any Default or Event of Default arising as a result of the Waived Obligations.

		
	8.
	The Borrower shall pay to the Administrative Agent for the account of China Development Bank a non-refundable fee in the amount of US$100,000, in full within three (3) Business Days after the date of execution of this Letter. 

		
	9.
	Save as waived by this Letter, the provisions of the Credit Agreement shall continue in full force and effect and the Credit Agreement and this Letter shall be read and construed as one instrument.

		
	10.
	By signature below, each of the Borrower, the Parent and the Guarantors confirms that all its obligations under the Financing Documents shall remain in full force and effect, notwithstanding the waiver to the Credit Agreement effected by this Letter.  

		
	11.
	By signature below, each Guarantor expressly waives any benefit it may have under Sections 333, 363 to 366, 821, 824, 827 to 830, 834 to 839 and 844 of the Brazilian Law 10, 406, enacted on 10 January 2002 as amended and replaced from time to time (Brazilian Civil Code) and Sections 130, I, II and III, 513, Paragraph Fifth and 794, caput and Paragraph First of the Brazilian Law 13,105, enacted on 16 March 2015 as amended and replaced from time to time (Brazilian Civil Procedure Code).  No such waiver shall be construed so as to prejudice any right of the Financing Parties under the Credit Agreement, which shall be absolute.

		
	12.
	With effect from the Effective Date, references in the Credit Agreement to “this Agreement” shall, unless the context otherwise requires, be construed as references to the Credit Agreement incorporating the waivers provided by this Letter.

		
	13.
	This Letter shall constitute a Financing Document.

		
	14.
	Nothing in this Letter shall constitute or be deemed to constitute a waiver of the rights of any Financing Party under any of the Financing Documents except as expressly set out in this Letter.  For the avoidance of doubt, the Financing Documents shall remain in full force and effect. 

		
	15.
	This Letter may be executed in counterparts each of which, when taken together, shall constitute one and the same agreement.

		
	16.
	This Letter is governed by and shall be construed in accordance with New York law and the provisions of Section 10.20 (Governing Law; Submission to Jurisdiction) of the Credit Agreement shall be deemed to be incorporated in this Letter in full, mutatis mutandis, save that references to “this Agreement” shall be construed as references to this Letter. For the purposes of Section 9, Paragraph Second of the Brazilian Decree-Law 4,657, enacted on 4 September 1942 as amended and replaced from time to time (Law of Introduction to the rules of Brazilian Law), and for no other purpose whatsoever, the Parent is the proponent of the transactions contemplated hereby.

Please sign, date and return the enclosed copy of this Letter to signify your acceptance and acknowledgement of its terms and conditions.
Yours faithfully,

For and on behalf of 
China Development Bank 
as Lender and Administrative Agent 

To:    China Development Bank as Administrative Agent
We acknowledge receipt of your Letter dated 14 August 2017 of which this is a copy and hereby confirm our acknowledgement and agreement to the terms and conditions stated in it.
Yours faithfully,

For and on behalf of
Nextel Telecomunicações LTDA. 
as Borrower

For and on behalf of
NII Holdings, Inc. 
as Parent

For and on behalf of
Nextel Telecomunicações De Longa Distância Ltda. 
Sunbird Participações Ltda. 
Sunbird Telecomunicações Ltda., 
as GuarantorsExhibit 10.1

SETTLEMENT AGREEMENT 

AND MUTUAL GENERAL RELEASE

This SETTLEMENT
AGREEMENT AND MUTUAL GENERAL RELEASE (hereinafter the "Settlement Agreement" or the "Agreement"), is entered
into as of the 8th day of August, 2017 (hereinafter the "Effective Date"), between and among Auctus Fund,
LLC (hereinafter "Auctus" or the "Fund"), a Delaware limited liability company, on the one hand, and JPX
Global, Inc. (hereinafter "JPEX" or the "Company"), a Nevada corporation (collectively hereinafter the "Parties"),
on the other hand.

WHEREFORE, on
or about July 22, 2016, the Company entered into a certain Securities Purchase Agreement (hereinafter the "SPA" or the
"Purchase Agreement") and a certain Convertible Promissory Note (hereinafter the "Note") with the Fund;

WHEREFORE,
also on or about July 22, 2016, the Company issued an Irrevocable Letter of Instruction to its Transfer Agent, Pacific Stock
Transfer Company (hereinafter the "Transfer Agent") for the reservation of a sufficient number of reserve shares of JPEX
for conversion by the Fund;

WHEREFORE,
the Fund has alleged that the Company failed and refused to allow it to convert all or portions of the debt, as represented
by the Note, into shares of common stock of JPEX, causing an Event of Default by the Company under the Purchase Agreement and the
Note;

WHEREFORE,
the Fund has filed an action in the United States District Court for the District of Massachusetts, styled as Auctus Fund,
LLC v. JPX Global, Inc., et al., Dkt. No. 1:17- CV-10851-FDS (D. Mass.)(Saylor, 1)(hereinafter the "Litigation"),
alleged, inter alia, breaches of the Purchase Agreement and the Note;

WHEREFORE,
the Fund and the Company have determined it to be in their mutual interests to amicably resolve outstanding business matters,
including any and all potential disputes, claims, and all matters which have been or could have been alleged by Auctus or, which
have been or could have been alleged by the Company;

NOW THEREFORE,
as of the Effective Date of this Agreement and in consideration of the premises and the mutual covenants and agreements contained
herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties
agree as follows:

1.       Settlement
Purpose. The Parties agree and acknowledge that they understand that this Agreement is entered into solely for the purpose
of avoiding the possible future expenses, burdens or distractions of a continuing dispute or litigation. The Parties further agree
and acknowledge that the execution of this Settlement Agreement does not constitute an admission by any of the Parties of any liability
of any kind or of any wrongdoing by any entity or individual, and the Parties each specifically deny any and all liability or wrongdoing.

2.       Consideration
/ Default Waiver and Conversion to Company Common Stock.

a)                 
In consideration for the release, covenants, terms and conditions of this Settlement Agreement,
the receipt and sufficiency of which is hereby acknowledged, the Company and the Fund agree to execute a certain Amendment No.
1 to the Convertible Promissory Note Issued on July 22, 2016 (hereinafter the "Amendment") as to the Note, and
as contemporaneously executed herewith, in the form attached hereto as Exhibit A.

    	 	1 of 39	 

    	 

    

 

b)                 
In consideration for the release, covenants, terms and conditions of this Settlement Agreement,
the receipt and sufficiency of which is hereby acknowledged, the Company agrees to irrevocably authorize and reserve Nine Hundred
- Thirty - Three Million - Three Hundred -Thirty Three Thousand - Three Hundred - Thirty - Four (933,333,334) shares (hereinafter
the "Settlement Shares") of the common stock of the Company (hereinafter the "Common Stock") for issuance upon
conversion by the Fund of the amounts owed under the Note, in accordance with the terms of the Note (including but not limited
to the beneficial ownership limitations contained in the Note), as contemporaneously executed herewith.

c)                 
The Company agrees to deliver to the Transfer Agent, an irrevocable letter of instruction
(hereinafter the "Irrevocable Letter of Instruction"), in the form attached hereto as Exhibit B, authorizing and
instructing the Transfer Agent to reserve, issue and deliver such shares of the Company's Common Stock as contemplated herein,
and for the full conversion of such Common Stock, and for the registration and issuance in the names of the registered holder,
for the benefit of the Fund, of the securities as submitted for conversion or exercise.

d)                 
Upon the Effective Date, the Company shall file and deliver such documents, instruments and/or
otherwise to increase the amount of Common Stock in reserve to a sufficient amount to guarantee full availability for the conversion
of the full amount of the Settlement Shares by the Fund.

e)                 
The Company agrees and acknowledges that the ability of the Fund to convert the outstanding
obligations in a timely manner is a material obligation of this Settlement Agreement and agrees to irrevocably authorize and instruct
its Transfer Agent and such officers, directors and others to guarantee the availability of sufficient reserve shares of the Common
Stock of the Company, of not less than Nine Hundred — Thirty — Three Million — Three Hundred — Thirty Three
Thousand — Three Hundred — Thirty — Four (933,333,334) shares, to accommodate, at times relevant hereto, a Conversion
Notice from the Fund, and without further action by the Company.

3.       General
Release of All Claims by The Company.

a)       As of
the Effective Date, JPX Global, Inc., on its own behalf and on behalf of its

predecessors, parents, affiliates, subsidiaries,
divisions, successors and assigns, and its respective trustees, officers, directors, agents, representatives, employees, principals,
shareholders, heirs, executors, administrators, attorneys, and assigns (collectively the "HEX Releasors"), hereby release
Auctus Fund, LLC, Auctus Private Equity Fund, LLC, Alfred Sollami, and Louis Posner, and their respective predecessors, parents,
affiliates, subsidiaries, divisions, successors and assigns, and their respective trustees, officers, directors. agents. representatives,
employees. principals, shareholders, heirs, executors, administrators, attorneys, and assigns (collectively hereinafter the "Auctus
Releasees"), from any and all liability, actions, claims, damages, expenses or costs of whatever nature, including but not
limited to compensatory damages, punitive damages, equitable relief and attorneys' fees and costs, related to or arising out of
the Purchase Agreement, the Note and/or business relationship between and among the Fund and the Company. The Parties agree that
this release of claims is intended to be a broadly construed "General Release" and includes any dispute, action or claim
that is known or unknown to the JPEX Releasors, including but not limited to, claims based on a breach of an express or implied
contract; breach of the covenant of good faith and fair dealing; any action arising in tort, including, but not limited to, securities
fraud, fraud and deceit, negligent misrepresentation, libel, slander, defamation, and/or any other

    	 	2 of 39	 

    	 

    

claims arising from intentional or negligent
misconduct; and any and all other claims arising under Chapters 93A, or other Chapters of the Massachusetts General Laws, all as
amended, and any other federal, state or local statute, law, or ordinance, concerning the terms and conditions of the Purchase
Agreement, the Note and/or the business relationship, the performance under the Purchase Agreement, the Note and/or the business
relationship; and any claim arising under common law or by public policy, except claims or proceedings necessary to enforce the
provisions of this Agreement and claims that cannot be waived as a matter of law. It is understood and agreed that this Agreement
constitutes a full and final release covering all known, unknown, anticipated and unanticipated injuries, debts, claims or damage
that the JPEX Releasors have, which have arisen, or which may have arisen, in connection with the Purchase Agreement, the Note
and/or the business relationship between the Fund and the Company, as well as those injuries, debts, claims or damages not known
or disclosed which have arisen, or may have arisen, from said business dealings, up to the date that the JPEX Releasors sign this
Agreement. This waiver and release does not include the Company's rights to enforce this Agreement and any action or claim that
cannot be waived as a matter of law.

b)                 
The JPEX Releasors further waive any and all rights or benefits that the JPEX Releasors do
not know or suspect to exist at the time of its execution of this Agreement which, if known by them, would have materially affected
this Settlement with the Fund. The JPEX Releasors agree that this is a complete and final Settlement and specifically affirms their
intention to release not only those claims against Auctus which they know about, but also those claims about which they do not
know. The JPEX Releasors also stipulate and agree that the consideration provided pursuant to this Agreement is in full and complete
satisfaction of any claims, including but not limited to such claims related to or arising out of the Purchase Agreement, the Note,
and/or the Company's business relationship with the Fund, through and including the last day of the Effective Date.

c)                 
The JPEX Releasors hereby agree to reaffirm this Agreement, and particularly the General Release
as set forth in this Section 3, for the benefit of the Auctus Releasees. on the Second Effective Date, as defined in Section 4
of this Agreement below, and for the benefit of the Auctus Releasees.

THE JPEX RELEASORS UNDERSTAND THAT,
BY ENTERING INTO THIS AGREEMENT, THEY NO LONGER HAVE THE RIGHT TO ASSERT ANY CLAIM, ARBITRATION OR LAWSUIT OF ANY KIND ATTEMPTING
TO RECOVER MONEY OR ANY OTHER RELIEF AGAINST ANY AUCT US RELEASEE FOR ANY CLAIM, INCLUDING BUT NOT LIMITED TO ANY ACTS OR INJURIES
RELATED TO OR ARISING OUT OF THE PURCHASE AGREEMENT, THE NOTE AND/OR THE BUSINESS RELATIONSHIP BETWEEN AND AMONG JPEX AND AUCTUS
THROUGH THE EFFECTIVE DATE, EXCEPT AS INDICATED IN THE PREVIOUS PARAGRAPH.

d)       The
JPEX Releasors, as may be applicable, acknowledges that they have been advised, in writing, to consult with an attorney of their
choice prior to signing this Agreement. The JPEX Releasors further acknowledge that they have had the opportunity to consult with
an attorney of their choice with respect to all terms and conditions set forth in this Agreement and to have the advice of counsel
with respect to their decision to sign and enter into this Agreement. The JPEX Releasors, as may be applicable, acknowledge that
the Fund has offered them sufficient time to consider the terms and conditions of this Agreement, to consult with counsel of their
choice, and to decide whether to sign and enter into this Agreement.

    	 	3 of 39	 

    	 

    

4.       General
Release of All Claims by the Fund.

a)       As
of no later than January 1, 2018 and upon the absence, inter alia, of any duties, responsibilities, and obligations of the
Company for the benefit of the Fund, and upon the absence, inter alia, of any breach of this Agreement, including the Exhibits
hereto, the Purchase Agreement and/or the Note (hereinafter the "Second Effective Date"), Auctus Fund, LLC, on its
own behalf and on behalf of its predecessors, parents, affiliates, subsidiaries, divisions, successors and assigns, and its respective
trustees, officers, directors, agents, representatives, employees, principals, shareholders, heirs, executors, administrators,
attorneys, and assigns (collectively the "Auctus Releasors"), hereby release JPX Global, Inc., and its respective predecessors,
parents, affiliates, subsidiaries, divisions, successors and assigns, and their respective trustees, officers, directors, agents,
representatives, employees, principals, shareholders, heirs, executors, administrators, attorneys, and assigns (collectively hereinafter
the "JPEX Releasees"), from any and all liability, actions, claims, damages, expenses or costs of whatever nature, including
but not limited to compensatory damages, punitive damages, equitable relief and attorneys' fees and costs, related to or arising
out of the Purchase Agreement, the Note and/or business relationship between and among the Fund and the Company. The Parties agree
that this release of claims is intended to be a broadly construed "General Release" and includes any dispute, action
or claim that is known or unknown to the Auctus Releasors, including but not limited to, claims based on a breach of an express
or implied contract; breach of the covenant of good faith and fair dealing; any action arising in tort, including, but not limited
to, securities fraud, fraud and deceit, negligent misrepresentation, libel, slander, defamation, and/or any other claims arising
from intentional or negligent misconduct; and any and all other claims arising under Chapters 93A, or other Chapters of the Massachusetts
General Laws, all as amended, and any other federal, state or local statute, law, or ordinance, concerning the terms and conditions
of the Purchase Agreement, the Note and/or the business relationship, the performance under the Purchase Agreement, the Note and/or
the business relationship; and any claim arising under common law or by public policy, except claims or proceedings necessary to
enforce the provisions of this Agreement and claims that cannot be waived as a matter of law. It is understood and agreed that
this Agreement constitutes a full and final release covering all known, unknown, anticipated and unanticipated injuries, debts,
claims or damage that the Auctus Releasors have, which have arisen, or which may have arisen, in connection with the Purchase Agreement,
the Note and/or the business relationship between the Fund and the Company, as well as those injuries, debts, claims or damages
not known or disclosed which have arisen, or may have arisen, from said business dealings, up to the date that the Auctus Releasors
sign this Agreement. This waiver and release does not include the Fund's rights to enforce this Agreement and any action or claim
that cannot be waived as a matter of law.

b)              
The Auctus Releasors further waive any and all rights or benefits that the Auctus Releasors
do not know or suspect to exist at the time of its execution of this Agreement which, if known by them, would have materially affected
this Settlement with the Fund. The Auctus Releasors agree that this is a complete and final Settlement and specifically affirms
their intention to release not only those claims against JPEX which they know about, but also those claims about which they do
not know. The Auctus Releasors also stipulate and agree that the consideration provided pursuant to this Agreement is in full and
complete satisfaction of any claims, including but not limited to such claims related to or arising out of the Purchase Agreement,
the Note, and/or the Fund's business relationship with the Company, through and including the last day of the Effective Date.

c)               
The Auctus Releasors hereby agree to reaffirm this Agreement, and particularly the General
Release as set forth in this Section 4, for the benefit of the JPEX Releases, on the Second Effective Date, as defined in Section
4 of this Agreement below, and for the benefit of the JPEX Releases.

    	 	4 of 39	 

    	 

    

 

THE AUCTUS RELEASORS UNDERSTAND THAT,
BY ENTERING INTO THIS AGREEMENT, THEY NO LONGER HAVE THE RIGHT TO ASSERT ANY CLAIM, ARBITRATION OR LAWSUIT OF ANY KIND ATTEMPTING
TO RECOVER MONEY OR ANY OTHER RELIEF AGAINST ANY JPEX RELEASEE FOR ANY CLAIM, INCLUDING BUT NOT LIMITED TO ANY ACTS OR INJURIES
RELATED TO OR ARISING OUT OF THE PURCHASE AGREEMENT, THE NOTE AND/OR THE BUSINESS RELATIONSHIP BETWEEN AND AMONG AUCTUS AND JPEX
THROUGH THE EFFECTIVE DATE, EXCEPT AS INDICATED IN THE PREVIOUS PARAGRAPH.

d)             
The Auctus Releasors, as may be applicable, acknowledges that they have been advised, in writing,
to consult with an attorney of their choice prior to signing this Agreement. The Auctus Releasors further acknowledge that they
have had the opportunity to consult with an attorney of their choice with respect to all terms and conditions set forth in this
Agreement and to have the advice of counsel with respect to their decision to sign and enter into this Agreement. The Auctus Releasors,
as may be applicable, acknowledge that the Fund has offered them sufficient time to consider the terms and conditions of this Agreement,
to consult with counsel of their choice, and to decide whether to sign and enter into this Agreement.

5.                 
Dismissal of the Litigation with Prejudice.
Within sixty (60) days after the delivery of the Consideration and authorization for the conversion of the Settlement Shares, to
the Fund, as set forth in Section 2 above, the Parties, through counsel, will cause a Stipulation of Dismissal with Prejudice,
in the form attached hereto as Exhibit C, and with all rights of appeal waived, to he filed in the Litigation with
the U.S. District Court for the District of Massachusetts. The Parties covenant and agree that they will instruct their counsel
to cooperate in order to accomplish a full and final dismissal of the Litigation with prejudice.

6.                 
Covenant Not to Sue. A -covenant
not to sue" is a legal term which means that a Party promises not to file a lawsuit or other legal claim against the other
Party. The Parties promise not to file a lawsuit, arbitration proceeding, administrative proceeding, or any other legal claim against
the other Party's Releases. It is different from the Waiver and Release of All Claims contained in the section above. Besides waiving
and releasing the claims covered by the Waiver and Release of All Claims, each Party agrees never to sue any of the other Party's
Releases in any court, arbitration proceeding, administrative proceeding or otherwise, for any claim released in this Agreement.
Notwithstanding this Covenant Not to Sue, either Party may bring a claim against the other Party to enforce this Agreement, and
may bring any other claim that cannot legally be waived.

7.              
Nondisparagement. Each Party
on his/her/its own behalf and on behalf of their predecessors, parents, affiliates, subsidiaries, divisions, successors and assigns,
and its respective trustees, officers, directors, agents, representatives, employees, principals, shareholders, heirs, executors,
administrators, attorneys, and assigns agrees to refrain from disseminating, uttering or publishing (including, but not limited
to, written, oral, or electronic publication) any disparaging, derogatory or negative statements, comments or remarks concerning
the other Party. Each Party agrees to instruct its officers, staff and administrative personnel to refrain from uttering or publishing
(including, but not limited to, written, oral, or electronic publication) any disparaging, derogatory or negative statements, comments,
or remarks concerning the other Party.

    	 	5 of 39	 

    	 

    

 

8.              
Escrow / Agreement for Judgment.
a) As security for its performance under the provisions of this Agreement, the Fund shall hold through its designated agent, Philip
M. Giordano, Esq. as escrow agent (the "Escrow Agent"), a Complaint and Agreement for Judgment, in the forms attached
hereto as Exhibits D and E (the "Escrowed Documents"). Upon an event of default or breach of this Agreement,
the Fund shall be authorized to immediately release the Exhibits from escrow and file the Complaint and the Agreement for
Judgment in the U.S. District Court for the District of Massachusetts. By this Agreement, the Company hereby designates John D.
Thomas, Esq. (hereinafter "Registered Agent"), of the Law Offices of John D. Thomas, 11650 South State Street, Suite
240, Draper, Utah 84020, or at such address as the Registered Agent may, from time to time, establish, as its authorized agent
for service of process of the Summons, Complaint, Agreement for Judgment and other such related filings thereto. Upon a claim of
a breach, the Fund shall deliver a notice to the Escrow Agent of the event causing the alleged breach, with a copy (electronic,
email, fax, or otherwise) to the Registered Agent. JPEX shall have five (5) business days to deliver its response notice to the
Escrow Agent regarding such breach. A failure to timely respond by JPEX shall be deemed a waiver. The Escrow Agent may reasonably
rely, in good faith, on such notices or may seek the court's determination of the existence of a breach.

b)       The
Escrow Agent acts hereunder as a depositary only, is not taking title to the Escrowed Documents and is not responsible or liable
in any manner whatsoever for any aspect of the management, maintenance or care of the Escrowed Documents. The Escrow Agent shall
not be liable for acting upon any written notice, request, waiver, consent, receipt or other instrument or document which the Escrow
Agent, in good faith, believes to be genuine and what it purports to be. It is understood and agreed that the duties of the Escrow
Agent hereunder are purely ministerial in nature and that he shall not be liable for any error of judgment, fact or law, or any
act done or omitted to be done. The Escrow Agent's determination as to whether an event or condition has occurred, or been met
or satisfied, or as to whether a provision of this Agreement has been complied with, or as to whether sufficient evidence of the
event or condition or compliance with the provision has been furnished to it, shall be final and binding on the parties hereto
and shall not subject the Escrow Agent to any claim, liability or obligation whatsoever, even if it shall be found that such determination
was improper and incorrect. If, at any time the Escrow Agent shall receive conflicting notices, claims, demands or instructions
with respect to the Escrow Documents, he shall be permitted to withhold action pending a determination by an arbitration panel
or Court of his obligations. The Escrow Agent may resign at any time for any reason upon written notice given to the Parties of
not less than ten (10) calendar days prior to its effectiveness. The Parties agree to indemnify and hold harmless the Escrow Agent
for any act, taken in good faith. Nothing in this Agreement or in any Settlement Document precludes the Escrow Agent from representing,
or continuing to represent, as counsel to Auctus, and JPEX expressly waives, directly and indirectly, any conflict of interest,
actual or apparent, by the Escrow Agent acting in his capacity as counsel to Auctus. The Escrow Agent shall be under no obligation
to institute or defend any actions, suits or legal proceedings in connection herewith or take any other action likely to involve
him in expense unless first indemnified to his reasonable satisfaction.

    	 	6 of 39	 

    	 

    

 

9.       Voluntary
and Knowing Agreement. Each Party hereby warrants and represents that:

·             
It is competent, as a matter of law, to enter into this Agreement;

		·	It has been advised and encouraged in writing by the other Party
to consult with an attorney before signing this Agreement;

		·	It has consulted with an attorney before signing this Agreement;

		·	It has relied on its own judgment and that of its counsel regarding
the consideration for and language of this Agreement;

·             
The signatories have been authorized, as necessary, to execute this Agreement;

		·	It understands this document and has obtained answers to questions
which it has raised about the document; and,

		·	No statements made by any other Party have in any way coerced or
influenced it to execute this Agreement.

10.             
No Admission of Liability. It is agreed and
understood that, by entering into this Agreement, there is no admission of liability or wrongdoing by any Party whatsoever. This
Agreement arises solely from the Parties' desire to resolve expeditiously the Purchase Agreement, the Note, and/or the business
relationship between and among Auctus and JPEX, on mutually beneficial terms and conditions, and to avoid any disputes or costs
related thereto. The existence and execution of this Agreement shall not be considered, and shall not be admissible, in any proceeding
as an admission by either Party.

11.             
Termination of the Purchase Agreement, and Satisfaction of the Note.
The Parties agree that. by no later than the Second Effective Date and upon the conversion of the entirety of the amount of the
Settlement Shares, as provided herein, each Party agrees and acknowledges that the Purchase Agreement and the Note are, and shall
be, immediately terminated, and shall have no further force and effect. Notwithstanding anything to the contrary contained in this
Settlement Agreement, if the Company breaches any of the provisions contained in this Settlement Agreement, then the Fund, in the
Fund's sole discretion, may terminate this Settlement Agreement (with the understanding that the Settlement Agreement shall have
no further force and effect if terminated).

12.           
Costs and Attorneys' Fees. The Company understands
and agrees that it will be solely responsible for all attorneys' fees and expenses incurred by the Fund with respect to the Litigation
or otherwise pertaining to any and all matters related hereto. The Fund understands and acknowledges that the Settlement Shares.
as converted by the Fund pursuant to this Agreement, the Purchase Agreement and the Note are hereby deemed to include, but not
be limited to, the attorneys' fees and costs of the Fund with respect to the Litigation and any and all matters related thereto.

    	 	7 of 39	 

    	 

    

 

13.           
Governing Law/Forum. This Agreement shall
be construed in accordance with the laws, including the law of conflicts, of the State of Nevada, without reference to its conflicts/choice
of law rules, and, where applicable, under federal law. Any controversy which may arise between the Parties relating to this Agreement,
its enforcement or otherwise shall be brought in the federal or state courts, sitting in Boston, Suffolk County, Commonwealth of
Massachusetts. The prevailing Party shall have the right, under this Agreement, to collect costs and/or reasonable attorneys' fees.

14.          
Entire Agreement. This Agreement constitutes
the complete understanding between and among JPEX and Auctus and supersedes all prior agreements and understandings, oral or written,
between the Parties hereto, including but not limited to the Purchase Agreement and the Note. No other promises or agreements,
either express or implied, shall be binding unless in writing and signed by the Parties after the execution of this Agreement.

15.          
Severability. Should any provision of this
Agreement be declared or be determined by any court of competent jurisdiction to be illegal, invalid or unenforceable for any reason,
the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal, invalid or unenforceable
part, term or provision shall be deemed not to be a part of this Agreement. Upon any finding by a court of competent jurisdiction
that any of the waivers or releases contained in this Agreement are illegal, invalid or unenforceable, the Parties agree, at the
other Party's request, to execute promptly a waiver and release of comparable scope that is legal and enforceable.

16.          
No Waiver. The failure of any of the Parties
to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver thereof or deprive
such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.

17.          
Notices. Any notice or other communication
required or permitted hereunder shall be in writing and shall be delivered personally, sent by overnight delivery carrier of national
reputation, sent by facsimile transmission (and immediately after transmission receipt of which has been confirmed by telephone
by the sender) or sent by certified, registered or express mail, postage prepaid. Any such notice shall be deemed given when so
delivered personally, sent by overnight delivery, or sent by facsimile transmission (and immediately after transmission receipt
of which has been confirmed by telephone by the sender) or, if mailed, when confirmation of receipt has been received, as follows:

(I)       If to
Auctus to:

Auctus Fund, LLC

101 Arch Street, Suite 2010 Boston, Massachusetts
02110 Attn: Alfred Sollami, Manager

With copies to:

Philip M. Giordano, Esq.

Giordano & Company, P.C.

REED & GIORDANO, P.A.

47 Winter Street, Suite 800

Boston, Massachusetts 02108-4774

    	 	8 of 39 	 

    	 

    

 

(ii)       If
to the Company:

JPX Global, Inc.

Ann: Chene C. Gardner, Chief Executive Officer
11650 South State Street, Suite 240

Draper, Utah 84020

With copies to:

John D. Thomas, Esq.

Law Offices of John D. Thomas 11650 South State Street,
Suite 240 Draper, Utah 84020

Any Party may, by notice given in
accordance with this paragraph to the other Party, designate another address or person for receipt of notices hereunder.

18.             
Execution. This Agreement may be executed
in multiple counterparts, each of which shall be deemed an original, but which together shall constitute one Agreement.

19.             
Amendment. This Agreement may not be amended
orally, but may only be amended by a written instrument signed by both Parties.

REMAINDER OF THIS PAGE INTENTIONAL
LEFT BLANK

 

 

 

 

 

 

 

 

 

 

    	 	9 of 39 	 

    	 

    

THE FUND AND THE COMPANY ACKNOWLEDGE THAT THEY HAVE READ THIS AGREEMENT, UNDERSTAND IT, AND ARE VOLUNTARILY ENTERING
INTO IT.

IN WITNESS WHEREOF,
the Parties have duly executed this Agreement under as a sealed instrument, as of August 4, 2017.

	
        AUCTUS FUND, LLC

         
	 	
        JPX GLOBAL, INC.

         

	 	 	By:	 
	
         

         

         

        [Name and Title]
	 
	Dated:	 	 	 
	 	 

 

 

 

 

 

 

 

    	 	10 of 39

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]