GNPC AND STATE RELEASE Clause Samples

GNPC AND STATE RELEASE. (A) The State and GNPC hereby acknowledge and agree that Kosmos and its Affiliates are hereby irrevocably released and discharged from any and all Claims they may have against Kosmos and/or its Affiliates in relation to the disclosure by Kosmos of Confidential Information in connection with its strategic alternatives process, conducted between October 2008 and July 2009, for the possible sale directly or indirectly of Kosmos’ interests under the WCTP Petroleum Agreement, the DWT Petroleum Agreement and the UUOA, including, but not limited to, the breaches alleged in GNPC’s letters to Kosmos dated 31 August 2009 and 10 September 2009 (the “Data Licensing Claims”), and hereby irrevocably waive any and all rights and Claims, which they may have against Kosmos and its Affiliates, or any director or employees (or former director or employees) of Kosmos or any of its Affiliates, in relation to the Data Licensing Claims and irrevocably acknowledge and agree that they will not claim, whether now or at any time in the future, that Kosmos or any Affiliate of Kosmos or any director or employees (or former director or employees) of Kosmos or any of its Affiliates, has breached any contractual or non-contractual obligation or duty or any law or regulation in relation to the Data Licensing Claims. (B) The State and GNPC irrevocably covenant that following the execution of this Agreement, they will not take any step or proceeding or make or assert any Claim against Kosmos or any of its Affiliates, or any director or employees (or former director or employees) of Kosmos or any of its Affiliates, in connection with the Data Licensing Claims.