NOTE SETTLEMENT AGREEMENTNote Settlement Agreement • April 30th, 2019 • Global Boatworks Holdings, Inc. • Ship & boat building & repairing • Utah
This NOTE SETTLEMENT AGREEMENT (this “Agreement”) is entered into as of March 19, 2019 (the “Effective Date”) by and among Tonaquint, Inc., a Utah corporation (“Tonaquint”), St. George Investments LLC, a Utah limited liability company (“St. George,” and together with Tonaquint, “Lender”), Global Boatworks Holdings, Inc., a Florida corporation (“Company”), and Global Boatworks LLC, a Florida limited liability company (“Boatworks,” and together with Company, “Borrower”). Each of Tonaquint, St. George, Company and Boatworks is sometimes individually referred to hereinafter as a “Party” and collectively as the “Parties.” Capitalized terms used herein but not otherwise defined shall have the meanings ascribed thereto in the Notes (as defined below).
