SETTLEMENT AGREEMENT AND GENERAL RELEASE OF ALL CLAIMSSettlement Agreement • August 11th, 2014 • Truli Media Group, Inc. • Special industry machinery, nec • New York
This settlement agreement containing a release of all claims (the "Agreement") is entered into as of August 7, 2014 by and between Truli Media Group, Inc., an Oklahoma Corporation and its subsidiaries (“Truli”), Michael Jay Solomon, an individual and Chief Executive Officer of Truli (“Solomon”) (collectively, Truli and Solomon are known as the “Released Parties”), on the one hand, and the holders of Truli’s 12% convertible debentures (“Debentures”) who are signatories to this agreement and who are listed on Schedule A hereto, (the “Holders”) (the “Holders” shall also be known as the “Releasing Parties”), on the other hand. Collectively, the Released Parties and Releasing Parties are sometimes referred to collectively as the “Parties”.
