SurgePays settles two lawsuits; pays $4.2M by Jan 7, gains rights to MDA worth ~$2M monthly revenue

SurgePays, Inc.

Settlement agreement resolves all claims from AltCorp, Stanley Hills, Glen Eagles over ECS Prepaid acquisition.
Total $4.2M payment to Stanley Hills includes $3.65M due Jan 7, 2022, with $375K held in escrow.
SurgePays acquires GBT's rights to Master Distribution Service Agreement (MDA) with estimated $1.5M-$2.5M monthly revenue, contingent on GBT lawsuit outcome.
Igor 1 Corp. must remove restrictive legend on 110,000 shares by Jan 30, 2022; otherwise SurgePays buys them back for $500K.
Glen Eagles and Alpine must sell 3,000 shares within 30 days; SurgePays guarantees minimum $15K proceeds.

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