SETTLEMENT AGREEMENTSettlement Agreement • November 7th, 2022 • Ammo, Inc. • Ordnance & accessories, (no vehicles/guided missiles) • Delaware
Contract Type FiledNovember 7th, 2022 Company Industry JurisdictionThis SETTLEMENT AGREEMENT (this “Agreement”) is made and entered into as of November 3, 2022, by and among AMMO, Inc., a Delaware corporation (the “Company”) and Steven F. Urvan and Susan T. Lokey (collectively with each of their respective Affiliates and Associates, the “Urvan Group”). The Company and each of the members of the Urvan Group are each herein referred to as a “party” and collectively, the “parties.” Capitalized terms used herein shall have the meanings set forth in Section 16 of this Agreement.