Helio Corporation Enters into Settlement Agreement

Helio Corporation has entered into a binding settlement agreement with Sean Wolf to resolve an outstanding obligation of $879,163. This amount represents the principal and accrued interest owed under two promissory notes issued by the Company. The settlement will be satisfied through net proceeds from Wolf's sales of Helio common stock under specific leak-out terms, as well as potential direct payments by the Company. The agreement outlines daily trading volume thresholds and limits on the number of shares Wolf can sell, with provisions for increased sales upon uplisting to a major stock exchange or after a specified date. Wolf is responsible for obtaining cooperation from Joseph Pitman to transfer 275,000 shares to him, subject to the same leak-out terms. Helio Corporation has agreed to facilitate the removal of restrictive legends on shares, provide a Rule 144 opinion letter, and manage communications with Fidelity Investments regarding the shares. If Fidelity declines to accept the shares or restricts transactions, Helio must secure an alternative brokerage firm within seven business days, or the agreement will be void. The parties have agreed to proceed without an escrow arrangement.