CLAIM FROM FUSION FULLY SETTLED In May 2017, Fusion filed a fraud claim for USD 2.9 million against Apptix ASA related to a software license audit claim, plus an additional claim for USD 15.9 million in compensatory damages. In the Share Purchase Agreement signed with Fusion, all representations and warranties made by Apptix ASA were discharged at the time of closing (November 2016). Under US law only a claim for fraud could be made post-closing. Although the Company regarded the claim as speculative and totally unfounded, the claim was carefully reviewed by the Company and its legal advisors, and the Company's belief after such review was that the claim was tenuous and groundless. Today, Apptix ASA has reached a settlement with Fusion whereby all claims against Apptix are withdrawn effective immediately. While, both the Board and Apptix' legal advisors still believe any such claim is groundless, as long as Fusion upheld the claim it would impede any further strategic initiatives for Apptix. The settlement consists of a cash payment to Fusion of USD 150,000 and the return of 300,000 shares of Fusion stock, which based on Fusion's closing price (as of August 2), amounts to approximately USD 375,000. The aggregate settlement amount will be approximately USD 525,000. Additionally, Apptix incurred legal fees related to the case estimated at USD 150,000. As part of the settlement, the delivery of the remaining 2,700,000 Fusion shares will be postponed from November 2017 to February 2018. The settlement structure includes a total release by Fusion of Apptix, so no further claims can be presented in the future. Of the total settlement costs, including legal fees, of approximately USD 675,000, Apptix' insurance company will reimburse approximately USD 400,000, resulting in a net settlement cost for Apptix of approximately USD 275,000. However, due to the reimbursement of by the Company's insurance provider, there will not be a negative cash impact on the company's cash reserves. With this case now settled, the Board will regain and evaluate new strategic initiatives for Apptix ASA. Asker, August 3, 2017