SETTLEMENT AGREEMENT AND MUTUAL RELEASE OF CLAIMSSettlement Agreement • December 11th, 2019 • Innovative Payment Solutions, Inc. • Retail-catalog & mail-order houses • Nevada
This Settlement Agreement and Mutual Release (hereinafter “AGREEMENT”) is entered into on this, the 9th day of December, 2019, by, between, and among Innovative Payment Solutions, Inc, a Nevada Corporation (“Company”) and Qpagos Corporation, a Delaware Corporation (“Subsidiary”), on the one hand, and Andrey Novikov (“Claimant”), on the other hand. Company, Subsidiary and the Claimants are hereinafter referred to collectively as “SETTLING PARTIES”. The SETTLING PARTIES enter this AGREEMENT individually, and on behalf of themselves and their respective principals, agents, attorneys, officers, directors, shareholders, servants, representatives, employees, members, partners, subsidiaries, affiliated companies, insurers, predecessors, successors-in-interest and assigns.
