Endonovo Therapeutics Inc (ENDV)

[dangerousrhythm]

LOS ANGELES, CA--(Marketwired - Sep 22, 2017) -  Endonovo Therapeutics, Inc. (OTCQB: ENDV) ("Endonovo" or the "Company"), a developer of non-invasive electroceuticals for the treatment of vascular diseases and inflammatory conditions, and Kodiak Capital Group, LLC ("Kodiak"), a private equity firm, today announced a settlement agreement and dismissal of complaints and cross-complaints arising out of a contemplated equity investment by Kodiak in Endonovo.
The claims and cross-claims were negotiated and amicably resolved by the parties without any admission of wrongdoing. Kodiak is returning to Endonovo 2,101,524 shares of common stock of Endonovo, and Endonovo is paying $80,000 to Kodiak from sums deposited with the Court in July 2016 in connection with injunction proceedings. In addition, Endonovo and Kodiak are terminating their Securities Purchase Agreement, Equity Purchase Agreement, and Registration Rights Agreement. Endonovo and Kodiak are also dismissing their claims against each other.