ENTRY OR TERMINATION OF A MATERIAL DEFINITIVE AGREEMENTRelease and Settlement Agreement • October 23rd, 2014 • California
Contract Type FiledOctober 23rd, 2014 JurisdictionOn October 13, 2014, Axiologix, Inc. (“AXLX” or the “Company”) entered into a Settlement and General Release Agreement with Paul Falchi and James Alleman, as Representatives on behalf of the shareholders of iWorld Services, pursuant to the Shareholders Representative Agreement, existing immediately prior to the 2013 merger between AXLX and iWorld Services (hereinafter, altogether referred to as the “IWS PRE-MERGER SHAREHOLDERS”), whereby the IWS PRE-MERGER SHAREHOLDERS agreed (i) to return to AXLX 184,000 shares of AXLX Series D Preferred Stock, and (ii) to cancel and terminate any and all rights it had under the