Document:

Exhibit 10.49

 

 

 

 

 

 

LOAN AGREEMENT

 

for a loan in the
amount of up to

 

$1,500,000.00

MADE
BY AND BETWEEN GREENWAY TECHNOLOGIES, INC.

a Texas corporation,
as Borrower the Lenders party hereto

AND

 

MABERT, LLC,

a Texas limited liability
company, as Agent

 

 

 

Dated as of September
[14], 2018

    	 

    	 

    

 

 

LOAN AGREEMENT

 

PREAMBLE

 

THIS
LOAN AGREEMENT (“Agreement”) is made as of September [14], 2018, by and among each of GREENWAY TECHNOLOGIES,
INC., a Texas corporation (the “Borrower”), the lenders party hereto (the “Lenders”) and
MABERT, LLC, a Texas limited liability company, its successors and assigns, as agent for the Lenders (“Agent”).

 

 

W I T N E S S E
T H:

 

RECITALS

 

 

A.
Borrower has applied to Lenders for a loan in the amount of up to ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000.00)
(the “Loan”) for the purpose of funding working capital and general corporate expenses, and Lender is willing
to make the Loan on the terms and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows:

 

 

 

 

1.1       Defined
Terms.

 

ARTICLE I DEFINITIONS

 

The following terms as used herein shall
have the following meanings: Agreement: As such term is defined in the Preamble.

Applicable
Rate: At any time, the lower of (a) the interest rate specified in each Note, or (b) the Maximum Lawful Rate.

 

Bankruptcy
Code: Title 11 of the United States Code entitled “Bankruptcy” as now or hereafter in effect, or any successor
thereto or any other present or future bankruptcy or insolvency statute.

 

Borrower: As such term is defined
in the Preamble. Collateral: As such term is defined in the Security Agreement.

Default or default:Any
event, circumstance or condition, which, if it were to continue uncured, would, with notice or lapse of time or both, constitute
an Event of Default hereunder.

    	1 

    	 

    

Default Rate:
A rate per annum equal to three percentage points (300 basis points) in excess of the Applicable Rate, but which shall not at any
time exceed the Maximum Lawful Rate.

 

Event of Default: As such term is defined in Article
6.

 

Governmental
Authority: Any federal, state, county or municipal government, or political subdivision thereof, any governmental or quasi-governmental
agency, authority, board, bureau, commission, department, instrumentality, or public body, or any court, administrative tribunal,
or public utility.

 

Laws: Collectively,
all federal, state and local laws, statutes, codes, ordinances, orders, rules and regulations, including judicial opinions or precedential
authority in the applicable jurisdiction.

 

Lender: As defined
in the opening paragraph of this Agreement, and including any successor holder of the Loan from time to time.

 

Loan: As defined in Recital A.

Loan Documents: Collectively,
this Agreement, the Security Agreement and the Notes. Material Adverse Change:If, in Agent’s reasonable discretion,
the business prospects,

operations or financial condition of a person,
entity or property has changed in a manner which could

impair the value of Lenders’
security for the Loan, prevent timely repayment of the Loan or otherwise prevent the applicable person or entity from timely performing
any of its material obligations hereunder or under the Note.

 

Maturity Date: As set forth in each Note.

 

Maximum Lawful Rate: As such term is defined
in the Notes.

 

Note: Each promissory
note, executed by Borrower and payable to the order of Lenders, evidencing the Loan.

 

Open the Loan, Opening
of the Loan or Loan Opening: The first disbursement of Loan proceeds.

 

Payment Date: With
respect to each Note, the last day of each calendar quarter, beginning on the last day of the calendar quarter during which such
Lender initially loans funds under said Note.

 

Security Agreement:That
certain Security Agreement, dated as of the date hereof, by Borrower in favor of Agent, as agent for the Lenders.

 

Warrant: Each warrant,
executed by Borrower for the benefit of each Lender, evidencing a right to purchase shares of the Borrower as set forth therein.

 

 

 

ARTICLE II

BORROWER’S REPRESENTATIONS
AND WARRANTIES

    	2 

    	 

    

		2.1	Representations and Warranties.

 

To induce
Lender to execute this Agreement and perform its obligations hereunder, the Borrower hereby represents and warrants to Lender as
follows:

 

(a)               
The Borrower is a duly organized and validly existing limited corporation and has full power
and authority to execute, deliver and perform the Loan Documents, and such execution, delivery and performance have been duly authorized
by all requisite action on the part of the Borrower.

 

(b)              
No consent, approval or authorization of or declaration, registration or filing with any
Governmental Authority or nongovernmental person or entity, including any creditor, partner, or shareholder of the Borrower, is
required in connection with the execution, delivery and performance of the Loan Documents. The execution, delivery and performance
of the Loan Documents have not constituted and will not constitute, upon the giving of notice or lapse of time or both, a breach
or default under any other agreement to which the Borrower is a party or may be bound or affected, or a violation of any Law or
court order which may affect the Borrower or the Collateral, any part thereof, any interest therein, or the use thereof.

 

(c)               
Borrower has been advised by the Lenders to seek the advice of an attorney and
an accountant in connection with the Loan. The Borrower has had the opportunity to seek the advice of an attorney and accountant
of the Borrower's choice in connection with the Loan.

 

		(d)	There is no Default or Event of Default under the Loan Documents.

 

		2.2	Survival of Representations and Warranties.

 

Borrower
agrees that all of the representations and warranties set forth in this Agreement are true as of the date hereof, will be true
at the Loan Opening and, except for matters which have been disclosed by Borrower and approved by Lender in writing, at all times
thereafter. Each request for a disbursement hereunder shall constitute a reaffirmation of such representations and warranties,
as deemed modified in accordance with the disclosures made and approved as aforesaid, as of the date of such request.

 

ARTICLE
III LOAN

 

		3.1	Agreement to Borrow and Lend; Lender’s Obligation to Disburse.

 

Subject
to the terms, provisions and conditions of this Agreement and the other Loan Documents, Borrower agrees to borrow from Lenders
and Lenders agree to lend to Borrower the Loan, for the purposes and subject to all of the terms, provisions and conditions contained
in this Agreement.

 

(a)               
The maximum aggregate amount of the Loan shall not exceed One Million Five Hundred Thousand
Dollars ($1,500,000.00).

 

(b)               
Each Lender agrees, upon Borrower’s compliance with and satisfaction of all conditions
precedent to the Loan Opening, no Material Adverse Change has occurred with respect to

    	3 

    	 

    

Borrower and no Default or Event of Default
has occurred and is continuing hereunder, to loan the Borrower the amount set forth opposite such Lender on Schedule A hereto.

 

(c)                 
Additional Lenders may become party to this Loan Agreement, by delivery by such Lenders
and acceptance by Borrower of a signature page hereto. Schedule A hereto shall be updated to reflect the amount of the Loan made
by any such additional Lender.

 

		3.2	Term of the Loan.

 

All principal,
interest and other sums due hereunder and under the Note shall be due and payable in full on the Maturity Date.

 

 

 

 

		4.1	Interest Rate.

ARTICLE IV INTEREST

 

(a)               
The Loan will bear interest at the Applicable Rate, unless the Default Rate is applicable.
The Loan shall bear interest at the Default Rate at any time at which an Event of Default shall exist. Interest at the Applicable
Rate (or Default Rate) shall be calculated for the actual number of days elapsed on the basis of a 365-day year, including the
first date of the applicable period to, but not including, the date of repayment.

 

		4.2	Payment Dates.

 

Borrower
shall make payments of all accrued but unpaid interest quarterly in arrears on each Payment Date.

 

		4.3	Prepayment; Extension.

Borrower shall not be allowed to
prepay the Loan prior to the Maturity Date. Each Lender, at its discretion, may offer to extend the Maturity Date of its Note by
one year. Such offer shall be made in writing, not less than thirty (30) days prior, nor more than sixty (60) days prior, to the
Maturity Date. Upon receipt of such offer, Borrower shall have twenty (20) days to accept or reject such extension. An extension
of one Lender’s Note shall not affect the Borrower’s obligation to pay the other Lenders’ Notes on the Maturity
Date.

 

		4.4	Pro Rata Payments.

 

Borrower
shall make all payments hereunder to the Agent. Agent shall distribute all such payments, to the Lenders, pro rata based on the
Lenders’ Loan Commitments and Amounts as shown on Schedule A hereto; provided that regular payments of interest shall
be distributed to the Lenders, pro rata based on the amount of interest owing to such Lender on the relevant Payment Date.

 

		4.5	Costs and Expenses.

 

Borrower
shall reimburse Agent and the Lenders for all costs and expenses incurred in connection with the negotiation, structuring and documentation
of the Loan, and for all costs and

    	4 

    	 

    

expenses incurred in connection with the administration
or collection of the Loan, including in connection with any amendments or modifications thereto.

 

 

 

 

 

 

 

 

 

		5.1	Conditions Precedent.

ARTICLE V REQUIREMENTS
PRECEDENT

TO DISBURSEMENTS

 

Borrower
agrees that the Lenders’ obligation to Open the Loan is conditioned upon Borrower’s delivery, performance and satisfaction
of the following conditions precedent in form and substance satisfactory to Lender in its reasonable discretion:

 

		(a)	No Default: There shall exist no Default or Event of Default hereunder;

 

(b)              
Additional Documents: Borrower shall have executed and delivered the Loan Documents
and furnished to Agent and the Lenders such other documents or information as Agent and the Lenders shall reasonably request.

 

 

 

 

		6.1	Events of Default.

 

ARTICLE VI EVENTS
OF DEFAULT

 

The occurrence of any
one or more of the following shall constitute an “Event of Default” as said term is used herein:

 

(a)               
Failure of Borrower (i) (A) to make any payment of principal on the Maturity Date, or interest
when due on a Payment Date, or (B) to observe or perform any of the other covenants or conditions by Borrower to be performed under
the terms of this Agreement or the other Loan Documents concerning the payment of money, for a period of ten (10) days after written
notice from Lender that the same is due and payable; or (ii) for a period of ten (10) days after written notice from Lender, to
observe or perform any non-monetary covenant or condition contained in this Agreement or the Note; provided that if any such failure
concerning a non-monetary covenant or condition is susceptible to cure and cannot reasonably be cured within said ten (10) day
period, then Borrower shall have an additional thirty (30) day period to cure such failure and no Event of Default shall be deemed
to exist hereunder so long as Borrower commences such cure within the initial ten (10) day period and diligently and in good faith
pursue such cure to completion within such resulting forty

(40) day period from the date
of Lender’s notice; and provided further that if another subsection of this Section 6.1 applies to a particular breach
and does not expressly provide for a notice or grace period the specific provision shall control.

 

(b)              
If any representation or warranty made now or hereafter by Borrower is untrue or incorrect
at the time made or delivered, provided that if such breach is reasonably susceptible of cure,

    	5 

    	 

    

then no Event of Default shall exist so long
as Borrower cures said breach (i) within the notice and cure period provided in (a)(i) above for a breach that can be cured
by the payment of money or

(ii) within the notice and cure period provided
in (a)(ii) above for any other breach.

 

(c)               
Borrower shall commence a voluntary case under the Bankruptcy Code; or an involuntary proceeding
is commenced against Borrower under the Bankruptcy Code and relief is ordered against Borrower, or the petition is controverted
but not dismissed or stayed within sixty (60) days after the commencement of the case, or a custodian (as defined in the Bankruptcy
Code) is appointed for or takes charge of all or substantially all of the property of Borrower; or Borrower commences any other
proceedings under any reorganization, insolvency or liquidation or similar Law of any jurisdiction relating to Borrower; or there
is commenced against Borrower any such proceeding which remains undismissed or unstayed for a period of sixty (60) days; or Borrower
fails to controvert in a timely manner any such case under the Bankruptcy Code or any such proceeding, or any order of relief or
other order approving any such case or proceeding is entered; or Borrower by any act or failure to act indicates its consent to,
approval of, or acquiescence in any such case or proceeding or the appointment of any custodian or the like of or for it for any
substantial part of its property or suffers any such appointment to continue undischarged or unstayed for a period of sixty

(60) days.

 

(d)              
Borrower shall make an assignment for the benefit of creditors, or shall admit in writing
its inability to pay its debts generally as they become due, or shall consent to the appointment of a receiver or trustee or liquidator
of all of its property or the major part thereof or if all or a substantial part of the assets of Borrower are attached, seized,
subjected to a writ or distress warrant, or are levied upon, or come into the possession
of any receiver, trustee, custodian or assignee for the benefit of creditors.

 

		(e)	If a Material Adverse Change occurs with respect to a Borrower or the Collateral.

 

ARTICLE VII

LENDER’S REMEDIES IN
EVENT OF DEFAULT

 

		7.1	Remedies Conferred Upon Lender.

 

Upon
the occurrence of any Event of Default, Agent may pursue any one or more of the following remedies concurrently or successively,
it being the intent hereof that none of such remedies shall be to the exclusion of any other:

 

(a)               
Withhold further disbursement of the proceeds of the Loan and/or terminate the Lenders’
obligations to make further disbursements hereunder;

 

		(b)	Declare the Notes to be immediately due and payable;

 

(c)               
Exercise or pursue any other remedy or cause of action permitted under this Agreement or
the other Loan Documents, or conferred upon Agent or the Lenders by operation of Law.

 

Notwithstanding the
foregoing, upon the occurrence of any Event of Default under Section 6.1(d) or (e) with respect to Borrower, all
amounts evidenced by the Notes shall automatically

    	6 

    	 

    

become due and payable, without any presentment,
demand, protest or notice of any kind to Borrower.

 

 

 

 

		8.1	Modification; Waiver.

 

ARTICLE VIII GENERAL
PROVISIONS

 

No
modification, waiver, amendment or discharge of this Agreement or the other Loan Documents shall be valid unless the same is in
writing and signed by the party against which the enforcement of such modification, waiver, amendment or discharge is sought.

 

		8.2	Governing Law.

 

Irrespective
of the place of execution and/or delivery, this Agreement shall be governed by, and shall be construed in accordance with, the
laws of the State of Texas.

 

		8.3	Disclaimer by Lender.

 

This
Agreement is made for the sole benefit of Borrower, Agent and Lenders, and no other person or persons shall have any benefits,
rights or remedies under or by reason of this Agreement, or by reason of any actions taken by Agent or Lenders pursuant to this
Agreement.

 

		8.4	Notices.

 

Any
notice, demand, request or other communication which any party hereto may be required or may desire to give hereunder shall be
in writing and shall be deemed to have been properly given

(a) if hand delivered,
when delivered; (b) if mailed by United States Certified Mail (postage prepaid, return receipt requested), three (3) business days
after mailing; (c) if by Federal Express or other reliable overnight courier service, on the next business day after delivered
to such courier service or

(d) if by telecopier on the
day of transmission so long as a copy is sent on the same day by overnight courier to such party’s address as set forth on
the signature page hereto, or at such other address as the party to be served with notice may have furnished in writing to the
party seeking or desiring to serve notice as a place for the service of notice.

 

		8.5	Authorized Representative.

 

The
Borrower hereby appoints Ransom Jones, or his successor as chief financial officer, as its authorized representative for purposes
of dealing with the Agent and the Lenders on behalf of Borrower in respect of any and all matters in connection with this Agreement,
the other Loan Documents, and the Loan.

 

		8.6	Assignments and Transfers.

 

Borrower
shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be void. Subject to the
foregoing restrictions on transfer and assignment, this Agreement shall inure to the benefit of and shall be binding on the parties
hereto and their respective successors and permitted assigns.

    	7 

    	 

    

 

		8.7	Waiver of Jury Trial.

 

BORROWER, AGENT
AND LENDERS EACH WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS AGREEMENT
AND THE NOTE OR RELATING THERETO OR ARISING FROM THE LENDING RELATIONSHIP WHICH IS THE SUBJECT OF THIS AGREEMENT AND AGREE THAT
ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY.

 

		8.8	No Oral Agreements.

 

THIS
WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

[Signature page follows.]

    	8 

    	 

    

EXECUTED as of the date first set forth above.

 

	 	 	BORROWER:	 
	 	 	 	 
	 	 	GREENWAY TECHNOLOGIES, INC.,	 
	 	 	  a Texas Corporation	 
	 	 	 	 
	 	By:	/s/ Ransom Jones	 	 
	 	Name:	Ransom Jones	 
	 	Title:	Chief Financial Officer	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	1521 N. Cooper Street, Suite 205	 
	 	 	Arlington, TX 76011	 
	 	 	 	 
	 	Facsimile:	 	 
	 	 	 	 
	 	 	AGENT:	 
	 	 	 	 
	 	 	MABERT, LLC,	 
	 	 	    a Texas Limited Liability Company	 
	 	 	 	 
	 	By:	/s/ Kevin Jones	 	 
	 	Name:	Kevin Jones	 
	 	Title:	Managing Member	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	 	 
	 	Facsimile:	 	 

 ADDITIONAL LENDERS – AS FOLLOWS BELOW:

 

 

 

 

 

 

    	9 

    	 

    

	 	 	LENDERS:	 
	 	 	 	 
	 	 	ALL COMMERCIAL FLOORS, INC.,	 
	 	 	  a Texas Corporation	 
	 	 	 	 
	 	By:	/s/ Kevin Jones	 	 
	 	Name:	Kevin Jones	 
	 	Title:	President	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	 	 
	 	Facsimile:	 	 
	 	 	 	 
	 	 	CHRISTINE EARLY	 
	 	 	    an Individual	 
	 	 	 	 
	 	 	/s/ Christine Earley	 	 
	 	 	Christine Earley	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	 	 
	 	Facsimile:	 	 
	 	 	 	 
	 	 	RANDY PATTERSON	 
	 	 	    an Individual	 
	 	 	 	 
	 	 	/s/ Randy Patterson	 	 
	 	 	Randy Patterson	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	 	 
	 	Facsimile:	 	 
	 	 	 	 

 

    	10 

    	 

    

	 	 	MICHAEL WYRENT	 
	 	 	    an Individual	 
	 	 	 	 
	 	 	/s/ Michael Wyrent	 	 
	 	 	Michael Wyrent	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	 	 
	 	Facsimile:	 	 
	 	 	 	 
	 	 	R. Kevin Jones	 
	 	 	    an Individual	 
	 	 	 	 
	 	 	/s/ R. Kevin Jones	 	 
	 	 	R. Kevin Jones	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	 	 
	 	Facsimile:	 	 
	 	 	 	 
	 	 	ADDITIONAL LENDER(S):	 
	 	 	 	 
	 	 	 	 
	 	 	   a ____________________ 	 
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
	 	 	Address for Notices:	 
	 	 	 	 
	 	Facsimile:	 	 
	 	 	 	 

 

    	11 

    	 

    

Schedule A

 

Loan Commitments and Amounts

 

 

	Lender	Loan Amount	Date
	Randy Patterson	$100,000	9/14/2018
	Christine Earley	$100,000	10/23/2018
	Michael Wykrent	$100,000	11/6/2018
	R. Kevin Jones	$428,868.55	12/31/2018Exhibit
10.52

GRIFFITH,
JAY
MICHEL
LLP

ATTORNEYSAT
LAW

 

 

 

	Ross
    P. Griffith	2200
    Forest Park Boulevard	 
	James
    V. Jay IV	Fort
    Worth, Texas 76110-1732	Of
    Counsel
	Thomas
    M. Michel	Phone
    (817) 926-2500 	Franklin
    Moore
	 Kelly
    E. DeBerry	Fax
    (817) 926-2505	William
    M. Murphy
	Mark
    J. Petrocchi	Website
    www.lawjm.com	Richard
    L. Bourland, P.C.
	Lauren
    M. Lockett	 	Elizabeth
    Bourland
	William
    V. Haslam	 	 

 

 

 

March
6, 2019

 

Via
E-mail (zacha,:y.farrar@wickphillips.com)

 

Zachary
C. Farrar

Wick
Phillips Gould & Martin LLP

100
Throckmorton St., Suite 1500 Fort Worth, TX 76102

 

RE:
Cause No. 2018-005801-1; In County Court at Law No. 1 of Tarrant County, TX; Wildcat Consulting Group LLC vs. Greenway Technologies,
Inc. (Consulting Agreement)

Our
File No. 7538 Cause No. 2018-006416-2; In County Court at Law No. 2 of Tarrant County, TX; Wildcat Consulting Group
LLC vs. Greenway Technologies, Inc. (Promissory Note)

Our
File No. 7539 Dear Mr. Farrar:

The
purpose of this Rule 11 Agreement ("Agreement") is to memorialize the agreement reached between the parties in the above-referenced
lawsuits as a result of the mediation and settlement discussions conducted between Wildcat Consulting Group LLC ("Wildcat")
and Greenway Technologies, Inc. ("Greenway"). The terms of this Agreement are to be incorporated into settlement documents
including a Promissory Note and Compromise Settlement Agreement ("CSA"), which will incorporate the terms of this Agreement
as set forth below. If the parties fully and timely perform the obligations as set forth herein, it is intended that the settlement
of these lawsuits should result in a dismissal with prejudice of the claims pending in the above-referenced lawsuits. Upon full
execution, this Agreement will be filed with the Court in each of the above-referenced lawsuits.

 

Wildcat
and Greenway hereby agree to the following:

 

1.           
With regard to the claims pending
in Cause No. 2018-006416-2, referred to as the "Promissory Note Lawsuit":

    	1 

    	 

    

a.                  
The parties agree that Greenway shall execute a
new Promissory Note payable to Wildcat in the original principal amount of $100,000. This new Promissory Note shall be effective
as of November 13, 2017 and shall provide for interest accruing since the effective date at the rate of 10% per annum, which shall
be compounded annually. The new Promissory Note will have a maturity date of March 1, 2020 and shall provide for the payments
of principal only to be paid in four installments of $25,000 each to be paid to Wildcat on or before 5:00 p.m. on June 1, 2019,
September 1, 2019, December 1, 2019 and March 1, 2020. All unpaid principal and interest shall become due and payable on maturity
or in the event of default. The new Promissory Note shall provide for a default interest rate of 18% per annum, compounded annually,
and shall provide that Wildcat shall be entitled to recover reasonable and necessary attorney's fees and costs of court in the
event of a default. The new Promissory Note shall provide that "time is of the essence" with regard to all payments
to be made pursuant to that note.

 

b.                 
As additional consideration, Greenway shall issue
500,000 shares of Restricted 144a Common A stock to Wildcat as soon as practical after Greenway has taken actions necessary to
provide for the issuance of such shares. In no event shall such shares be issued after October 15, 2019.

 

c.                  
Wildcat hereby agrees that upon issuance of the
above-referenced shares, all warrants issued to Wildcat prior to this Agreement shall be terminated. Wildcat, Mr. Marshall Gleason
and all affiliated entities hereby represent that they currently have no claim for any additional warrants, or claims for any
warrant for Greenway stock which are not terminated by this Agreement. Nothing herein shall prevent the issuance of additional
warrants after this date, under separate agreement to Wildcat, Mr. Gleason or affiliated entities. Wildcat, Mr. Gleason and all
affiliated entities hereby agree not to exercise any previously issued warrants so long as Greenway is not in default of this
Agreement.

 

d.                 
Wildcat and Greenway hereby agree that Wildcat
currently has 1,700,000 unrestricted shares and 3,000,000 Rule 144a shares of stock in Greenway.

 

e.                  
Wildcat and Greenway agree that the Promissory
Note Lawsuit shall be abated until October 15, 2019 to allow for the preparation and execution of settlement documents and for
the timely payment of amounts due and stock issuance prior to that date. In the event all payments and/or obligations imposed
in this Agreement are not timely performed, Wildcat shall be entitled to proceed with the all claims pending in the Promissory
Note Lawsuit on the original Promissory Note, subject to any credits provided as described herein. The New Promissory Note shall

    	2 

    	 

    

not
be construed as a wavier or novation of the claims pursuant to the original Promissory Note. To the extent Wildcat pursues claims
on the original Promissory Note, Wildcat shall have no claims under the New Promissory Note.

 

2.                
With regard to the claims pending in Cause No.
2018-005801-1, referred to as the "Consulting Agreement Lawsuit":

 

a.                 
The parties agree to execute a CSA which will provide
that Greenway shall pay Wildcat a total settlement of amount of $300,000 to be paid by 60 monthly payments of $5,000 each with
the first payment being due to Wildcat on or before 5:00 p.m. on or before March 15, 2019 and by 5:00 p.m. on the 1st day of each
month thereafter until paid in full.

 

b.                 The
CSA shall provide that Greenway stipulates that the Overriding Royalty Agreement ("ORRI") between Greenway
Innovative Energy, Inc. (a wholly- owned subsidiary of Greenway) and Wildcat executed on or about October 30, 2017 is valid
and enforceable for all purposes and that Greenway shall not contest Wildcat's right to receive payments pursuant to such
agreement. The parties agree to amend the ORRI, to increase Wildcat's royalties from 1/4 of 1 % or .25% to 3/8 of 1 % or
..375%. Greenway agrees that it will not contest Wildcat's right to receive payments pursuant to the amended ORRI. The amended
ORRI shall be executed on or before April 1, 2019.

 

c.                 
The CSA shall provide that Greenway stipulates
that the Royalty Agreement between Greenway and Wildcat executed on or about October 30, 2017 is valid and enforceable for all
purposes and that Greenway shall not contest Wildcat's right to receive payments pursuant to such agreement.

 

d.                
The CSA shall provide that the parties agree that
in the event Wildcat receives any payments pursuant to the amended ORRI and/or the Royalty Agreement referenced above, prior to
the full timely payment of the settlement amount referenced above, Greenway shall be entitled to a dollar-for-dollar credit against
the settlement amount. In the event Greenway fails to timely make any monthly payment of the settlement amount, it shall only
have a right to a credit for any ORRI or Royalty Agreement payment(s) made to Wildcat prior to such default.

 

e.                 
The CSA shall provide that Greenway shall issue
1,000,000 shares of Restricted 144a Common A stock to Wildcat as soon as practical after Greenway has taken actions necessary
to provide for the issuance of such shares. In no event shall such shares be issued after October 15, 2019.

    	3 

    	 

    

f.                  
The CSA shall provide that Greenway, effective
immediately, releases Wildcat from any and all claims arising out of the past transactions between the parties. The CSA shall
further provide that Wildcat shall release Greenway of any and all claims arising from past transactions effective as of October
15, 2019, subject to Greenway's timely performance of its obligations under this Agreement, prior to that date. In the event of
a default prior to October 15, 2019, the parties agree that Greenway shall be entitled to a credit against Wildcat's claims for
any amounts paid or stock issued by Greenway to Wildcat prior the date of default, and Wildcat shall be entitled to pursue claims
under the Consulting Agreement or the CSA at its election. Wildcat's election of pursuing claims under either the Consulting Agreement
or the CSA in no way limits any defenses available to Greenway.

 

g.                 
The CSA shall provide that the Consulting Agreement
Lawsuit shall be abated until October 15, 2019 to allow for the preparation and execution of settlement documents and for the
timely payment of amounts due and stock issuance prior to that date. In the event all payments and/or obligations imposed in this
Agreement are not timely performed, Wildcat shall be entitled to proceed with all claims pending in the Consulting Agreement Lawsuit,
subject to any credits provided as described herein above.

 

3.                 
Each party stipulates and agrees that they have
been cautioned to read this entire document word-for-word and to ask questions they may have about this Agreement of their respective
attorneys.

 

4.                 
By signing this Agreement, each party to it represents
that they reviewed this written Agreement with their respective counsel of record in this case before signing it. Each party represents
that they have they have the authority to sign this Agreement in the capacity represented. Each party stipulates and represents
to the other and to their attorneys that:

 

		a.	each
                                         is signing this Agreement only after having read this entire document carefully, word-for-word;

 

		b.	each
                                         has been afforded an opportunity to ask any questions they may have about this Agreement
                                         of their lawyer outside the presence of the other party, and each is completely satisfied
                                         with the legal representation they have received today;

 

		c.	each
                                         party, in signing this Agreement, is acting voluntarily and not under any duress or compulsion
                                         by the attorneys or any other person and each party is

    	4 

    	 

    

		 	physically,
mentally and emotionally able to understand the terms of this Agreement and execute this Agreement and is of sound mind and is
able to give knowing and voluntary assent to it, and that they are without mental illness that would preclude the ability to understand
and assent to the Agreement;

 

		d.	neither
                                         party has been promised anything that is not contained in this Agreement, in order to
                                         induce or encourage either party to assent to it;

 

		e.	this
                                         stipulation and the Agreement is signed voluntarily and with the advice and consent of
                                         counsel on the date set out below, and its provisions are intended to be incorporated
                                         into a Promissory Note and CSA as provided herein above; and

 

		f.	each
                                         party has been advised NOT to sign this Agreement unless each has read it fully, understands
                                         it completely, and is willing to be bound by all of its terms, provisions and conditions.

 

5.                
The CSA shall provide that Greenway
shall pay to Wildcat's attorney, Griffith, Jay &
Michel, LLP, the total sum of$60,000 to be paid by three payments of$20,000 each to be paid on
or before 5:00 p.m. on June 1, 2019, August 1, 2019, and October 1, 2019.

 

6.                 
Greenway agrees to provide Wildcat a copy of the
Corporate Resolution approving this Agreement, the New Promissory Note, CSA, the issuance of stock, the abatement of all litigation
and the anticipated dismissal of such litigation, as provided herein.

 

7.                 
The parties agree to file a joint motion for abatement
and to present an Agreed Order of Abatement abating the lawsuits described above, until the earlier of any default of this Agreement,
or October 30, 2019.

 

8.                 
The parties agree that if all terms of this Agreement
have been timely performed through October 15, 2019, the parties will file a Joint Motion for Dismissal and present Agreed Orders
of Dismissal with prejudice of the lawsuits described above.

 

9.                 
The
                                         parties agree that venue for enforcement of the Agreement and all documents referenced
                                         therein shall be in the State Courts located in Tarrant County, Texas.

 

10.                 
The
                                         parties agree that counsel for Greenway shall prepare the original draft(s) of the CSA,
                                         Amendment to the ORRI and the Motion and Order of Dismissal. Counsel for Wildcat shall
                                         prepare the original draft of the New Promissory Note, and Motion and Order of

    	5 

    	 

    

Abatement.
The first drafts of these documents shall be exchanged by and between counsels on or before March 25, 2019.

 

This
Agreement shall be executed by Marshall Gleason, Member of Wildcat, and shall be further executed by John Olynick, President of
Greenway. Greenway has represented that it shall conduct a Special Meeting of its Board of Directors on or before 12:00pmCST on
March 11, 2019, and at such Special Meeting, Mr. Olynick shall present and recommend the acceptance of the terms and conditions
of this Agreement. Counsels shall be notified by no later than 1:00pmCST of the Board's vote and final determination of the acceptance
or rejection of this Agreement. If this Agreement is approved by Greenway's Board of Directors,
this Agreement along with the notification of such approval shall be filed with the courts in which the lawsuits are pending and
shall be enforceable and non-revocable by Rule 11 of the Texas Rules of Civil Procedure. If not
approved at such Special Board meeting, Greenway agrees to provide by March 15, 2019, dates and times available for depositions
of its corporate representatives in the lawsuits, such depositions to occur no later than within 60 days of March 6, 2019.

 

[The
remainder of this page is left intentionally blank. Signature page following.]

    	6 

    	 

    

 

 

The undersigned hereby certify that
this Rule 11 Agreement clearly reflects the terms of a full and final settlement of all claims pending between Wildcat Consulting
Group LLC and Greenway Technologies, Inc..

 

 

	/s/ Marshall Gleason	 	 	 
	Marshall Gleason	 	 
	Member
and Authorized Representative	 	 
	For
Plaintiff, Wildcat Consulting Group LLC	 	 
	 	 	 
	Date:
03/06/19	 	 
	 	 	 
	/s/ James V. Jay	 	 	 
	James V. Jay	 	 
	Attorney for Plaintiff	 	 
	 	 	 
	Date:
03/06/19	 	 
	 	 	 
	/s/ John Olynick	 	 	 
	John Olynick	 	 
	Member
and Authorized Representative	 	 
	For Defendant, Greenway Technologies, Inc.	 	 
	 	 	 
	Date: 03/06/19	 	 
	 	 	 
	/s/ Zachary C. Farrar	 	 	 
	Zachary C. Farrar	 	 
	Attorney for Defendant	 	 
	 	 	 
	Date:
03/06/19

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