Document:

mapt_ex101.htm

Exhibit 10.1
  
 MUTUAL AGREEMENT
  
 AND GENERAL RELEASE OF ALL CLAIMS
  
 This Mutual Agreement and General Release of all Claims hereinafter (the “Agreement”), dated January 16, 2021 (the “Effective Date”), between Maptelligent, Inc. a Nevada corporation having its principal place of business at 2831 St. Rose Parkway Suite # 200 Henderson, Nevada 89052 hereinafter referred to as (“Maptelligent”) and Michael Mason an individual hereinafter (“Mason”), having its principal place of business at 2114 Chapel Ave. Cherry Hill, New Jersey 08002 and Wayne Bailey an individual hereinafter (“Bailey”) having its principal place of business at 11566 So. 1320 East Sandy, Utah 84092 and Joseph Cosio-Barron an individual hereinafter (“Cosio-Barron”) having its principal place of business at 2831 St. Rose Parkway Suite # 297 Henderson, Nevada and collectively (the “Parties” and individually the “Party”).
  
 WHEREAS, the scheduled debt existing currently on the books of Maptelligent, Inc., as reported included certain obligations. Said amounts are also currently on the OTC Markets Group filings for Maptelligent, Inc.; and
  
 WHEREAS, the Parties individually and collectively wish to enter into a transaction as it relates to each Party. Parties wish to re-affirm all the rights and obligations to the respective Parties.
  
 IN CONSIDERATION OF and as a condition of the Parties entering into this Agreement and other valuable consideration, the Parties agree as follows:
  
 RECITALS
  
 Effect of Clarification
  
 1. On April 13, 2020, Las Vegas Xpress, Inc., and GEOcommand, Inc., entered into an Asset Purchase Agreement transaction whereby the liabilities were not disclosed nor known to Maptelligent, Inc. These certain individuals are part of this Agreement by virtue of the existing scheduled debt. 
  
 Consideration
  
 2. Parties agree to convert the respective amounts owing to company stock. (See attached schedule A).
  
 Maptelligent Inc. agrees to requite Bailey, Mason and Cosio-Barron, in Maptelligent common stock at a price of $0.80 per share.
 Bailey, Mason and Cosio-Barron collectively agree to accept common stock for these obligation for amounts totaling $46,333.33 which will convert to 57,917 shares, $ 76,978.74 which will convert to 96,224 shares and $204,103.51which will convert to 255,130 shares respectively in the form of Maptelligent, Inc., common stock at $0.80 per share. The Parties agree to waive and dissolve any past due accrued salary expense that occurred after 12/31/2018. (See attached schedule A). 
  
 	 
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 Outstanding Obligations
  
 3. The Parties acknowledge by this Agreement that the consideration provided and received by each other is fair, just and reasonable and that no further consideration, compensation or obligation will be due, payable or owing as of the closing date of this Agreement.
  
 Closing
  
 4. The closing date shall be upon execution of this Agreement. 
  
 Based upon the foregoing, and for good and valuable consideration, including, without limitation, the mutual promises and covenants contained herein, the receipt and sufficiency of which is hereby acknowledged by each of the parties, the parties agree as follows.
  
 ARTICLE I
  
 1.1 Incorporation of Recitals. The parties agree that the Recitals set forth above are true and correct and are incorporated into this Agreement by reference.
  
 1.2 Enforcement. Upon mutual execution of this Agreement by both parties hereto, the Parties agree to completely dissolve, rescind and abrogate any and all oral or verbal agreements or understandings that may have been made between any of the parties hereto, or any collateral written agreements that may have been made prior to this Agreement. 
  
 1.3 Mutual Release. Maptelligent, Bailey, Mason and Cosio-Barron for and on behalf of themselves, and their respective officers, directors, employees, managers, affiliates, insurers, attorneys, successors, representatives, contractors, agents, and assigns hereby fully, irrevocably, and unconditionally forever mutually release and discharge each of the other parties hereto, and all of their respective officers, directors, employees, managers, affiliates, insurers, agents, attorneys, representatives, contractors, successors, and assigns, and each of them, from and against any and all actions, causes of action, claims, judgments, liabilities, obligations, claims for compensation, demands, costs, fees, and expenses of whatever kind or nature, including, without limitation, attorneys' fees and costs, whether known or unknown, foreseen or unforeseen, related in any way, directly or indirectly. Notwithstanding any other provision of this Agreement, the releases contained herein shall not limit, affect, or apply to any of the parties' obligations under this Agreement. 
  
 	 
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 1.4 Mutual Contribution. The parties agree to cooperate with one another with respect to the completion of the transactions contemplated by this Agreement to take such reasonable actions and execute such other documents as the other parties may reasonably require to carry out the intent of this Agreement to include any clarification for the present Maptelligent, Inc., auditors of record.
  
 1.5 Covenant of Non-Disparagement. The parties hereby covenant and agree that each shall not make, at any time or place, any disparaging remarks, verbally or in writing, concerning any of the party’s actions or perceived omissions, regarding any matter or otherwise take any action that would disparage or cast doubt upon the business acumen or judgment of any other party. Each party understands and acknowledges that each other party’s business and reputation are of special, unique, and extraordinary character, which gives them a particular value, the loss of which cannot reasonably be compensated in damages in an action at law. Accordingly, each party further agrees that in addition to any other rights or remedies that any other party may possess at law, any aggrieved party shall be entitled to injunctive and other equitable relief in order to prevent or remedy a breach of the provisions of this Section 1.5 by any other party hereto.
  
 1.6 No Assignment. The parties to this Agreement represent and warrant that they or their affiliated persons or entities have not assigned or transferred any claims or any interest therein or authorized any other person or entity to assert any claim or claims on its or their behalf with respect to the subject matter of this Agreement
  
 1.7 Comprehensive Nature of Agreement. The parties to this Agreement understand and expressly agree that this Agreement is completely comprehensive, and extends to all claims of every nature and kind whatsoever, known or unknown, foreseen or unforeseen, suspected or unsuspected, including, but not limited to, any and all claims under Nevada statutes, common law, or case law, or federal law, and any other claim of any type whatsoever.
  
 ARTICLE II
  
 2.1 Notices. All notices, consents, approvals and requests required or permitted hereunder or under any other Transaction Document (a “Notice”) shall be given in writing and shall be effective for all purposes if either hand delivered with receipt acknowledged, or by a nationally recognized overnight delivery service (such as Federal Express), or by certified or registered United States mail, return receipt requested, postage prepaid, or by facsimile and confirmed by facsimile answer back and with a copy of such Notice being sent the same day as such facsimile transmission by one of the other methods provided herein for delivery, in each case addressed as follows (or to such other address or Person as a party shall designate from time to time by notice to the other party): 
  
 	 
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 To: Maptelligent, Inc. 
 2831 St. Rose Parkway Suite # 297
 Henderson, Nevada 89052
  
 To: Joseph Cosio-Barron 
 2831 St. Rose Parkway Suite # 297
 Henderson, Nevada 89052
  
 To: Wayne Bailey
 11566 So. 1320 East
  Sandy, Utah 84092 
  
 To: Mike Mason
 2114 Chapel Ave. Cherry Hill 
 New Jersey 08002
  
 A Notice shall be deemed to have been given: in the case of hand delivery, at the time of delivery; in the case of registered or certified mail, when delivered or the first attempted delivery on a Business Day; in the case of overnight delivery, upon the first attempted delivery on a Business Day; or in the case of facsimile, upon the confirmation of such facsimile transmission, provided that such Notice has also been sent by one of the other methods provided herein for the delivery of Notice.
  
 2.2 Governing Law, Venue, and Jurisdiction. This Agreement and the legal relations between the parties shall be governed by and construed in accordance with the laws of the State of Nevada governing contracts made and to be performed in that state, except insofar as the internal law of any other political entity or jurisdiction shall specifically and mandatorily apply to any of the transactions contemplated thereby. The parties hereby agree that all litigation resulting under this Agreement shall be under the sole and exclusive jurisdiction of the Second Judicial District Court in and for the County of Clark, State of Nevada, and the parties hereby submit to exclusive jurisdiction and venue thereunder.
  
 2.3 Counterparts and Facsimile Execution. This Agreement may be executed in two (2) or more counterparts and via facsimile transmission, each of which shall be deemed an original, but all of which together shall constitute one in the same instrument. If the Agreement is executed via facsimile transmission the party so executing the Agreement shall forward an original executed document to the other parties as soon as possible.
  
 	 
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 2.4 Binding Effect. This Agreement and all provisions herein shall be binding on and inure to the benefit and detriment of the parties and their respective legal representatives, successors and assigns.
  
 2.5 Entire Agreement; Modification. This written Agreement represents and contains the entire understanding between the parties hereto in connection with the subject matter of this Agreement. This Agreement shall not be altered or varied except in writing duly executed by the parties hereto affected. There are no other agreements, restrictions, promises, warranties, covenants, or undertakings, other than those expressly set forth or referred to herein. This Agreement supersedes all prior agreements and understandings between the parties with respect to the subject matter.
  
 2.6 Representation. The parties to this Agreement represent that they have carefully read this Agreement and particularly its provisions that this is a mutual full and complete release of all claims, that it has been fully explained to each party by competent counsel of each parties own independent selection, that each party fully understands its final and binding effect, that each party needs no further time to consider this Agreement, that the only promises made to induce each party to sign this Agreement are those stated hereinabove, and that each party is signing this Agreement voluntarily and with the full intent that this is a full and final settlement and mutual release of all claims with covenant of non-disparagement.
  
 2.7 Attorneys’ Fees. The prevailing party in any proceeding brought to interpret or enforce the provisions of this Agreement, or for damages for any alleged breach, shall be entitled to an award of reasonable attorneys' fees and costs incurred at both the trial and appellate levels incurred in enforcing its, her or his rights hereunder.
  
 2.8 Representation of Authority. Each individual executing this Agreement on behalf of himself, herself, or limited liability company, corporation, or other legal entity represents and warrants that he or she has all requisite right, power, and authority to do so and to bind such person or entity to each and all of the terms hereof.
  
 2.9 Headings. The headings and captions of the sections and articles of this Agreement are inserted for convenience only and shall not constitute a part hereof.
  
 [SIGNATURE ON NEXT PAGE
  
 	 
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 IN WITNESS WHEREOF the Parties have fully executed this Agreement as of the day and year set forth above.
  
 	 	Joseph Cosio-Barron	
	 	 	 	 
	Dated: ________________________	By:		
	  
	  
		 
	 	 		 
	  
	 Maptelligent, Inc.
	  

	  
	  
	  
	  

	 Dated: ________________________
	 By:
	  
	  

	  
	  
	  
	  

	  
	  
	  
	  

	  
	 Mike Mason
	  

	  
	  
	  
	  

	 Dated: _______________________
	 By:
	  
	  

	 	 	 	 
	  
	  
	  
	  

	  
	 Wayne Bailey
	  

	  
	  
	  
	  

	 Dated: _______________________
	 By:
	  
	  

  
 	 
	6ex10-2

 

Exhibit 10.2

 

SETTLEMENT
AGREEMENT

 

[Note – Certain identified information has been excluded from
this exhibit because it is both (i) not material and (ii) would be
competitively harmful if publicly disclosed. The redacted
information is indicated with brackets.]

 

A.

Definitions.

 

Common Stock means the common stock, par value $0.0001 per
share, of Exactus, Inc.

 

Consulting Agreement means that certain Consulting Agreement
dated as of by and between EDI and KDI.

 

DDI means Digital Diagnostics, Inc., an Australian
corporation.

 

Default shall have the meaning ascribed to such term in
Section E hereof.

 

Effective Date means the date of execution of this Agreement
by the Company, EBI, KD, KDI, and DDI.

 

Exactus or the Company means Exactus, Inc. a Nevada
corporation including its subsidiaries, predecessors, successors
and assigns (for the absence of doubt, including Exactus
Biosolutions, Inc. and Exactus Diagnostics, Inc.).

 

KD means Dr. Krassen Dimitrov.

 

KDI means KD Innovation, Ltd. a limited liability company
organized under the laws of Taiwan,

 

License Agreement means that
certain Collaboration and License Agreement dated as of January 19,
2016 by and between DDI and EBI, as amended or supplemented from
time to time.

 

Option Agreement shall have the
meaning ascribed to such term in Section F
hereof.

 

Permitted Transfers shall have
the meaning ascribed to such term set forth on Exhibit B annexed hereto.

 

Retained Shares means [
].

 

Released Company Parties are Exactus, its past or present
officers, directors, and employees, consultants, subsidiaries,
insurers, co-insurers or reinsurers, attorneys, advisors, trustees,
executors, heirs, spouses, marital communities, executors, estates,
affiliates, subsidiaries and successors-in-interest.

 

Released KD Parties are KD, KDI, DDI, its past or present
officers, directors, and employees, consultants, subsidiaries,
insurers, co-insurers, or reinsurers, attorneys, advisors,
trustees, executors, heirs, spouses, marital communities,
executors, estates, affiliates, subsidiaries, and
successors-in-interest.

 

Settling Parties are Company, KD, KDI and DDI.

 

 

-1-

 

 

 

Settlement Shares shall have
the meaning ascribed to such term in Section C.1
hereof.

 

B.

The
Agreement Is Binding

 

Upon
execution of this Binding Agreement by the Settling Parties, the
provisions of this agreement shall be a binding and enforceable
contract, settlement and release enforceable against the
Settling Parties.

 

The Settling
Parties will prepare all
additional necessary or appropriate settlement documents to
effectuate the intent and purposes of this Agreement. Exactus is
hereby authorized and empowered to take all action necessary or
appropriate to effectuate the Settlement Terms set forth herein,
including, without limitation, a power of attorney and to execute a
stock power to provide instructions to the transfer agent for
Common Stock to transfer the Settlement Shares (as defined below)
as provided herein and to effectuate the Option Agreement (as
defined below).

 

C.

Settlement
Terms

 

1.

Company shall issue
and KD shall receive [ ] on
the Effective Date (the "Settlement Shares") and KD shall enter
into an Option Agreement substantially in the form of Exhibit A annexed hereto. Within three
business days of the Effective Date, Company shall transmit to KD a
letter from the Company's Transfer Agent documenting the issuance
of the Settlement Shares. Provided the option rights granted in the
Option Agreement have not been exercised, upon the request of KD,
Company shall assist KD to effectuate deposit of the Settlement
Shares to a single brokerage of KD's choice. Company shall provide
authorization to the Company's transfer agent and at Company's cost
a legal opinion required for such deposit, provided KD shall
provide such authorizations and instructions required of KD by the
transfer agent (Including a currently dated medallion guaranteed
stock power, representation letter in customary form and transfer
agent instructions, and board resolutions of KD necessary to issue
a Rule 144 opinion and transfer shares), and each will provide any
other formalities necessary for deposit into street name in the
brokerage account as reasonably requested by the transfer
agent.

2.

KD, KDI and DDI
agree to the covenants set forth in Exhibit B.

3.

The License
Agreement, Consulting Agreement and any and all other contracts,
agreements, understandings or arrangements by and between the
parties concerning the subject matter hereof are terminated and of
no further force or effect.

4.

Any and all
letters, instructions, authorizations, claims, or assertions,
purported on behalf of KD, KDI or DDI are hereby withdrawn and of
no force or effect. KD, KDI and DDI acknowledge and agree that no
amounts are due and owing to any of them, and approves cancellation
and removal from the financial statements of the Company all
amounts, contingent or otherwise, that may become due or owing to
any of KD, KDI of DDI, including, without limitation, any
Consulting Fees, License Fees, interest, penalties, legal fees,
expense reimbursements, options, warrants or rights, which are
hereupon cancelled, discharged and waived In all
respects.

5.

[ ] shall be “restricted
securities” as defined in paragraph (a) of Rule 144 under the
Securities Act of 1933, as amended (the "Act") acquired for
investment purposes only and without the intent to make a further
distribution of such shares, issued pursuant to an exemption from
the registration requirements of the Securities Act, under Section
4(a)(2) of the Act and the rules and regulations promulgated
thereunder. Certificates representing the shares of the Company
shall bear a restrictive legend in substantially the following
form:

 

 

-2-

 

 

 

The
shares represented by this certificate have not been registered
under the Securities Act of 1933, as amended, and may not be
offered for sale, sold, or otherwise disposed of, except in
compliance with the registration provisions of such Act or pursuant
to an exemption from such registration provisions, the availability
of which is to be established to the satisfaction of the Company,
and are subject to the By-laws of the Company which contain certain
restrictions on transfer and are available upon request to the
Secretary of the Company.

 

The
shares represented by this certificate are subject to an Option
Agreement a copy of which will be provided upon
request.

 

6.

The
Settling Parties shall not be liable for any other amounts or
obligations other than upon the occurrence of Default
hereunder.

 

D.

Releases.

 

Released KDI Parties release and discharge the Released Company Parties from any claim,
demand, action, or cause of action, known or unknown, which arose
at any time from the beginning of time to the date of this binding
agreement, and waive all claims against or in any way connected
with the Released Company
Parties or their officers or directors, including, without
limitation, any claim, demand, action, cause of action, including
money damages and claims for attorneys’ fees, all subject to
this Agreement.

 

Released Company Parties release and discharge the
Released KDI Parties from
any claim, demand, action, or cause of action, known or unknown,
which arose at any time from the beginning of time to the date of
this binding agreement, and waive all claims against or in any way
connected with the Released KDI
Parties or their
officers and directors, including, without limitation, any claim,
demand, action, cause of action, including money damages and claims
for attorneys’ fees.

 

The Settling
Parties will prepare all
necessary settlement documents to confirm the settlement and the
dismissal, with prejudice of that certain arbitration commenced
before the American Arbitration Association, Case No
01-19-0002-8473-2-BM (the “Dismissed Arbitration”). The
releases herein shall include all claims raised in the Dismissed
Arbitration or that could have been raised in the Dismissed
Arbitration or brough in any other venue or forum under the License
Agreement or the Consulting agreement.

 

 

 

 

-3-

 

 

 

E.

Default.

  

In the
event that within three business days of the Effective Date the
Company fails to provide proof of issuance of Settlement Shares to
KD or in the event that within fourteen (14) days following the six
(6) month anniversary of the Effective Date, the Company fails to
remove the restrictive legend required under Section C.5 hereof,
provided KD has provided the transfer agent with all required
documents from KD, and remit to the account designated by KD the
Settlement Shares, unless the Option Agreement has been exercised
and the Optionee has tendered to KD immediately available funds for
the option exercise as set forth in the Option Agreement, the
Company will be in default. Pursuant to any default KD may then
email a notice of default to counsel for the Company at
rcarmel@cmfllp.com,
demanding cure of default, which shall be cured if the Option is
immediately exercised and the payment is received by KD within ten
(10) days of the notice email to an account designated in writing
by KD. If payment is not received within ten (10) days of the
demand to cure the default The Company hereby irrevocably
authorizes the Prothonotary or any attorney admitted to practice
before any court of record in the United States or the clerk of
such court to appear on behalf of Company in any court in one or
more proceedings, or before any clerk thereof or prothonotary or
other court official, and to confess judgment against Company in
favor of Krassen Dimitrov in the amount of [ ], together with any other charges,
costs and expenses for which Borrower is liable under this
Agreement, and together with fees of counsel in the reasonable
amount of five percent (5%) of all of the foregoing and costs of
suit, releasing all errors and waiving all rights of
appeal.

 

 KD
shall file an Affidavit in any such proceeding, which shall state
substantially the following:

 

“KD hereby
certifies and affirms under penalty of perjury that pursuant to
that certain Settlement Agreement dated as of ____ and Option
Agreement dated as of _____ Exactus, Inc. is in default of such
agreements’ requirement to cause to be deposited shares of
Common Stock into a brokerage account and the Option as defined
therein has not been exercised. KD has satisfied each and every
obligation (including, if applicable to provide documentation
requested by the transfer agent in order to issue a Rule 144
opinion) and provide written wiring instructions to Exactus, Inc.
and any Option holder. Accordingly, Exactus Inc., is required to
pay the amount of _____ to KD Notice of Default has been delivered
to Exactus, Inc. and its counsel at least 14 days prior to this
request for an order in accordance with the Settlement Agreement a
true and correct copy of which is affixed
hereto.”

 

If a
copy of this Agreement, verified by affidavit, shall have been
filed in such proceeding, it shall not be necessary to file the
original as a warrant of attorney. Company hereby waives the right
to any stay of execution and the benefit of all exemption laws now
or hereafter in effect. No single exercise of this warrant and
power to confess judgment shall be deemed to exhaust this power,
whether or not any such exercise shall be held by any court to be
invalid, voidable or void. Interest shall continue to accrue after
entry of judgment hereunder, by confession, default, or otherwise,
at a rate equal to twelve (12%) percent per annum from the
Effective Dated through and including the date of
payment.

 

F.

Miscellaneous
Terms

 

The
Company shall issue a press release and KD shall not object to a
press release language that is substantially as follows:
“The parties have reached
agreement as to a resolution of all issues and are pleased to
announce the settlement of their disputes. Dr. Krassen is pleased
that their disputes have been fully resolved and looks forward to
the continued success of Exactus.”

 

Commencing at the
Effective Date the KDI agrees that other than Permitted Transfers,
none of KDI Released Parties shall sell Common Stock other than as
set forth on Exhibit
B annexed hereto. Any attempted transfer or disposition of
Common Stock in violation or breach of this Agreement shall be null
and void and of no effect.

 

 

 

-4-

 

 

 

The
Settling Parties shall enter into an Irrevocable Option Agreement
(the “Option
Agreement”), effective as of the date hereof, in such
form and subject to such terms and conditions as the Settling
Parties shall agree, which shall be a condition to the
effectiveness of this Agreement.

 

This
binding agreement and settlement shall be treated as jointly
drafted and will not be construed against any Settling Party as the
drafter.

 

Nothing
in this binding agreement shall be construed as an admission of
liability, or the absence of liability, by any Settling Party.

 

From
the Effective Date, the Settling
Parties agree to keep the terms of the agreement
confidential other than as required to effectuate the intent and
purposes of this agreement, other than as required to perform the
Settlement Agreement, the Option or the transfer of Settlement
Shares into a brokerage account, in connection with the preparation
of any audit, tax return or financial statements, any and all SEC
reporting, and in connection with any investor or regulatory
inquiry, due diligence investigation, or investment, loan, contract
or credit application or similar business purpose.

 

From
the Effective Date each Settling Party shall not disparage any of
the other Settling Parties.

 

KD
agrees that he shall refrain from any future posts on any stock or
company message boards except as set forth announcing resolution of
the Settling Parties dispute, and shall withdraw from the position
of moderator on the Company’s “iHub” message
board.

 

This
agreement will be interpreted and governed by the internal laws of
the State of Florida without regard to conflicts of law rules. The
exclusive forum for the adjudication of any disputes arising under
this binding agreement or any of the Settling Parties shall be the
United States District Court for the Southern District of Florida
or, in the event that the United States District Court for the
Southern District of Florida lacks subject-matter jurisdiction, the
Circuit Court of the State of Florida sitting in Broward County,
Florida Each Settling Party accepts and consents to personal
jurisdiction and waives any objection to venue in the identified
courts.

 

This
Settlement Agreement is intended to be a binding agreement that
sets forth all material terms and obligations of the parties
hereto, and the parties hereto shall use their best efforts to
consummate the settlement contemplated herein.

 

This
Agreement may be executed in any number of counterparts (including
facsimile or PDF), each of which shall be deemed an original but
all of which together shall constitute one and the same
instrument.

 

Each
party hereto acknowledges that it has been represented by
independent legal counsel in the preparation of the Agreement. Each
party recognizes and acknowledges that counsel to the Company has
represented other shareholders of the Company and may, in the
future, represent others in connection with various legal matters
and each party waives any conflicts of interest and other
allegations that it has not been represented by its own
counsel.

 

[signature page
follows]

 

IN WITNESS WHEREOF, this binding
agreement is duly executed as of the dates below.

 

	

Exactus, Inc.

 

By:
Larry
Wert                                            

Title:
Executive Chairman 

Date:                      

 

 

 

 

 

	

Dr. Krassen Dimitrov

 

______________________

 

Date:

 

KD Innovation, Ltd.

By:           

Title:                      

Date:                      

 

Digital Diagnostics, Inc.

By:           

Title:                      

Date:                      

 

 

 

 

-5-

 

 

EXHBIT A

OPTION AGREEMENT

 

 

 

-6-

 

 

EXHIBIT B

 

Confidentiality. The Settling
Parties agree that the contents of the discussions between the
parties hereto, are confidential, and, except as required by law or
administrative or judicial process or as may be required for any
party to enforce its rights hereunder, shall not be disclosed by
the Settling Parties to anyone other than its respective officers,
directors, employees or representatives that have a need to know
and are made aware of the confidential nature of such communication
prior to such disclosure. KD, KDI and DDI acknowledge that the
Company has certain public disclosure obligations, including, but
not limited to, under the Securities Act of 1934, as amended, and
that such parties may be required to disclose the existence, terms
and content of this agreement, as well as the transactions
contemplated hereby and thereby, among other
matters.

 

From and after the Effective Date until the second (2nd)
anniversary of the Effective Date, the Released KD Parties shall
not interfere with any relationship, contractual or otherwise,
between the Company and any supplier, distributor, co-venturer or
joint-venturer of the Company to discontinue or reduce its business
with the Company.

 

Permitted Transfers. From and
after the Effective Date through and including the six (6) months
anniversary thereof, the Released KD Parties shall not sell Common
Stock other than: (i) to any trust, partnership, corporation or
other entity formed for the direct or indirect benefit of the
undersigned or the immediate family of the undersigned, provided
that prior to such transfer a duly authorized officer,
representative or trustee of such transferee agrees in advance in
writing to be bound by and the Shares are subject to, the
provisions of this Agreement; (ii) to any of the equity owners of
the undersigned or the equity owners of such parties, provided that
prior to such transfer the transferee executes an agreement stating
that the transferee is receiving and holding the Shares subject to
the provisions of this Agreement; (iii) in a private transaction
effected outside of the facilities of the principal trading market
for the Common Stock provided that such transferee agrees in
advance in writing to be bound by and the Common Stock is subject
to, the provisions of this Agreement; (iv) to any bidder(s) in an
offer to purchase a majority of the outstanding equity securities
of the Company made in a tender offer or similar offer made to
holders of Common Stock generally; or (v) pursuant to the Option
Agreement. On after the six (6) months anniversary of the Effective
Date, the Released KD Parties shall not have any restriction on the
offer and sale of Common Stock in open market
transactions.

 

 

 

-7-

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