SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASESettlement Agreement and Mutual General Release • January 20th, 2021 • CIPHERLOC Corp • Services-computer processing & data preparation • Texas
THIS SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASE (this “Agreement”) is made as of January 11, 2021, by and between CipherLoc Corporation, a Texas corporation (“CipherLoc” or the “Company”), on one hand, and the Carmel Trust (the “Trust”), the Carmel Trust II (“Trust II”), James LaGanke, individually (“LaGanke”) and as Trustee of both the Trust and Trust II (“Trustee”), collectively, (the “Carmel Parties”), on the other hand. CipherLoc and the Carmel Parties are referred to individually as a “Party” and together, as the “Parties.”
