You're right! I will continue to work with everyone involved. Another accelerator was interested in possibly taking Status.ly in for their summer program, and I let Jamie know.
That seems to be the least you should do, given that you've 'seen the light' and realize how badly you f'd up.
I don't know what the contracts said and I'm sure they were very one-sided, as usual, but this should serve as a lesson to startups that they shouldn't get on without proper legal protections in place.