Effective October 26, 2023, Andrew Sispoidis entered into a Confidential Settlement Agreement and General Release (the ?Settlement Agreement?) with Corporate Universe, Inc. (?Corporate Universe?) and its wholly-owned subsidiaries Carbon-Ion Energy Group, Inc. (?Carbon-Ion?) and Oxcion Ltd. (?Oxcion?; and collectively with Corporate Universe and Carbon-Ion, the ?Companies?). Pursuant to the Settlement Agreement, Mr. Sispoidis resigned from all director, officer, and any other positions and/or roles he had with the Company and each of its wholly-owned subsidiaries, Carbon-Ion and Oxcion, including Chief Executive Officer and Secretary, effective as of November 1, 2023. In addition, the Companies collectively agreed to pay Mr. Sispoidis severance equal to one-year base salary under his Employment Agreement with Carbon-Ion, or $200,000, in equal monthly installments for a period of 12-months following his resignation.

Mutual releases and non-disparagement clauses were also agreed to by the parties in the Settlement Agreement. Pursuant to the Settlement Agreement, effective November 1, 2023 Mr. Sispoidis resigned from all director, officer, and any other positions and/or roles he had with the Company and each of its wholly-owned subsidiaries, Carbon-Ion and Oxcion, including Chief Executive Officer and Secretary, effective as of November 1, 2023.