SETTLEMENT AGREEMENT AND MUTUAL GENERAL RELEASESettlement Agreement and Mutual General Release • August 23rd, 2017 • Notis Global, Inc. • Air-cond & warm air heatg equip & comm & indl refrig equip
This Settlement Agreement and Mutual General Release (this “Agreement”), dated for reference purposes as of August 16, 2017 (the “Effective Date”), is entered into by and among (a) Notis Global, Inc., a Nevada corporation (“Notis”), and its wholly-owned subsidiaries, Pueblo Agriculture Supply and Equipment, LLC, a Delaware limited liability company (“PACE”), and EWSD I, LLC, a Delaware limited liability company (collectively, with PACE, the “Notis Subsidiaries”; and, with Notis, collectively, the “Notis Parties”); (b) Redwood Management, LLC, a Florida limited liability company (“Redwood”), and Trava LLC, a Florida limited liability company (“Trava”; and, with Redwood, collectively, the “Notis Lenders”); and (c) PCH Investment Group, Inc., a California corporation (“PCH”), Clinton Pyatt, as an individual (“Mr. Pyatt”), and Steve Kaller, as an individual (“Mr. Kaller”; and, with Mr. Pyatt, collectively, the “PCH Individuals”; and, with PCH, collectively, the “PCH Parties”). Each of the
