QualityStocksNewsBreaks – Sharing Services Inc. (SHRG) Announces Mutually Satisfactory Settlement Agreement with 212 Technologies, LLC and Record Q1 Revenues, Cumulative Sales of $129M
Sharing Services Global Corporation (OTCQB: SHRG), formerly Sharing Services Inc., today announced execution of a mutually satisfactory settlement agreement with 212 Technologies, LLC concerning related disputes arising out of a series of commercial agreements previously executed between the parties. Under the comprehensive “Release And Settlement Agreement,” SHRG and 212 have resolved all matters of concern. According to the update, the resolution includes rescission of a May 25, 2017, “Stakeholder & Investment Agreement,” resulting in the surrender by 212 of SHRG Stock to SHRG. The agreement also documents termination of the “Software License Agreement” dated June 12, 2018, entered into by…