AMENDMENT TO SETTLEMENT AGREEMENT AND MUTUAL RELEASE
DocuSign Envelope ID: 16A057DF-2ED5-4B88-BF89-6B01C423A1A9
AMENDMENT TO SETTLEMENT AGREEMENT AND MUTUAL RELEASE
This Amendment to Settlement Agreement and Mutual Release (the “Am
endment
”) is
made this 19th day of April 2024 , and is entered into between Xxxxx Xxxxxxx (“Xxxxx”), Xxxxxxxxx Xxxxxxx (“Xxxxxxxxx”) (Xxxxx and Xxxxxxxxx are collectively, the “Pezzutos” or “Plaintiffs”) and Global Arena Holding, Inc., a Delaware corporation, (“GAHC”) and Global Election Services, Inc., a Delaware corporation, (“GES”) (GAHC and GES are collectively, the “Defendants”) (Xxxxx, Christian, GAHC, and GES are collectively, the “Parties” and each a “Party”).
WHEREAS
,
the Parties entered into a Settlement Agreement and Mutual Release (the “Agreement”) on February 12, 2024; and
WHEREAS,
the Parties now desire to amend the Agreement.
NOW THEREFORE
,
for good and valuable consideration given, including the mutual promises herein contained, the receipt and sufficiency of which are hereby acknowledged, IT IS
XXXXXX AGREED AS FOLLOWS:
1.
Paragraphs 4 and 5 under the heading
GES Settlement
are replaced in their entirety with the below paragraphs:GES Settlement
4.
As of May 15, 2024, the GES Notes will have an outstanding principal and interest balance of One Hundred Seventy-Eight Thousand Three Hundred Forty-One Dollars ($178,341) (the “GES Notes Sum”) for each Xxxxx and Xxxxxxxxx. Attached hereto and incorporated herein as Exhibit C is a letter of direction to convert both Xxxxx and Xxxxxxxxx’s GES Notes um into stock of 1329291 B.C. Ltd company (“Shell Stock”) which is doing an acquisition of GES resulting in the reverse takeover of Shell Stock by GES (“Acquisition”) on the Cboe Canada Exchange on or before May 15, 2024.
5.
Defendant GES shall enter into confession of judgment agreements with each Xxxxx and Xxxxxxxxx for the principal and interest due and owing on their respective GES Notes through May 15, 2024, which totals the GES Notes Sum to each Xxxxx and Xxxxxxxxx.
If, and only if,
the Acquisition does not occur pursuant to Paragraph 4 above, then Xxxxx and Christian or their agents shall have the right to enforce the confession of judgment agreements.
A copy of
the confession of judgment agreements is attached hereto and incorporated herein as Exhibit
D.
2.
All other terms of the Agreement shall remain in full force and effect.
DocuSign Envelope ID: 16A057DF-2ED5-4B88-BF89-6B01C423A1A9
