SIMLATUS CORPORATION AND GHS INVESTMENTS, LLC SETTLEMENT AND RELEASE AGREEMENTSettlement and Release Agreement • February 13th, 2017 • Simlatus Corp • Gold and silver ores • New York
THIS SETTLEMENT AND RELEASE AGREEMENT (together will all amendments, supplements, schedules, exhibits, attachments and annexes collectively the “Agreement”), is entered into as of 7th day of February 2017, by and between Simlatus Corporation, FKA Grid Petroleum Corp., a Nevada corporation, (together with all past, present and future predecessors, successors and Subsidiaries, collectively, “SIML” or “Company”), and GHS Investments, LLC (“GHS”), a Nevada limited liability company.
EXCHANGE CONVERTIBLE PROMISSORY NOTESimlatus Corp • February 13th, 2017 • Gold and silver ores • New York
This Exchange Convertible Promissory Note (this “Note”) was issued to GHS pursuant to a Settlement and Release Agreement dated as of February 7, 2017 by and between the Company and the Holder (the “Settlement Agreement”) in exchange for the Convertible Promissory Note in the aggregate principal amount of $15,886; Dated April 28, 2016 (Tacking Back to a Convertible Promissory Note between Direct Capital Group, Inc. and Grid Petroleum Corp. and dated June 30, 2015) of the Company issued to GHS (together with all exhibits, schedules, supplements and amendments, collectively, the “Existing Note”).
