NOTE CANCELLATION AND GENERAL RELEASENote Cancellation • April 13th, 2021 • Grom Social Enterprises, Inc. • Services-computer programming, data processing, etc. • New York
Reference is hereby made to the (i) Pledge and Security Agreement dated as of November 30, 2018 (the “Pledge Agreement”) by and among Grom Social Enterprises, Inc. and the holders of Company’s common stock signatory thereto in favor of each of the holders of the Company’s 12% Secured Notes and The Crone Law Group, P.C. and (ii) Security Agreement dated as of November 30, 2018 (the “Security Agreement”, and together with the Pledge Agreement, the “Agreements”) by each of Grom Social Enterprises, Inc., Grom Social, Inc., Grom Educational Services, Inc., Grom Nutritional Services, Inc. in favor of Newbridge Securities Corporation. Capitalized terms used herein not otherwise defined shall have the meanings ascribed to such terms in the Agreements.
