EX-3
from SC 13D
2 pages
This Standstill Agreement (This "Agreement" or This "Standstill") Is Entered Into by and Between Magna Equities II, LLC ("Magna") and Increasive Ventures B.V. ("Increasive Ventures", and Together With Magna, the "Parties") With Respect to Efactor Group Corp. ("Efactor"). the Effective Date of This Standstill Is as of 10 Am Et on Wednesday, February 24, 2016, and the Expiration Date Is 5 Pm Et on Tuesday, March 1, 2016 (The "Period"). Whereas, the Parties Wish to Engage in Discussions and Share Information With Each Other to Address Issues Between Each Other and With Regard to Efactor; Whereas, to Facilitate Such Discussions, the Parties Wish to Enter Into This Agreement; and Now, Therefore, in Consideration of the Foregoing and the Undertakings Set Forth Herein, and Intending to Be Bound Hereby, the Parties Agree as Follows: 1. During the Period, Magna and Increasive Ventures Each Agree Not to Directly and/or Indirectly: (I) Change, Modify or Improve the Terms of the Outstanding Debt Owed to Each of Them by Efactor and/or Other Securities Owned by Each of Them (Whether as Record and/or Beneficial Owners); (II) Attempt to Collect Any Indebtedness Owed by Efactor to Each of Them; (III) Transfer, Encumber or Enjoin Any Indebtedness, Preferred Stock or Other Securities or Rights Each of Them Own Related to and/or of Efactor (Whether as Record and/or Beneficial Owners); (IV) Commence Any Suit or Legal Proceeding Against the Other and/or Efactor;
12/34/56
