Release by Contributor. In exchange and further consideration for the payment of the Purchase Price by the Company, Contributor hereby forever releases and discharges Company and all of its their officers, directors, agents, employees, parents, subsidiaries, attorneys, predecessors and successors in interest, and assigns and all other persons, firms, or corporations with whom any of the foregoing may now or may hereafter be affiliated of and from any and all past or present claims, demands, debts, liabilities, obligations, actions, causes of action, damages, attorneys’ fees, costs, loss of services, expenses and compensation of any nature relating to the Assets whether known or unknown, whether based on the United States Constitution, any state constitution, United States statutory violation, any state statutory violation, contract, tort, or other theory of recovery, which Contributor now has or may have.
Release by Contributor. Contributor, for themselves, and their affiliates, assigns, heirs and executors, does hereby forever and unconditionally release the Company and each other shareholder of the Company, together with their affiliates and each of their respective past or present officers, directors, managers, equity holders, employees, agents and attorneys, from any and all claims, actions, causes of action, suits, claims, counterclaims, charges, complaints, demands, liabilities or obligations of any kind whatsoever, whether known or unknown, arising out of any matter, cause or thing occurring before the date hereof, including without limitation all claims relating to or arising out of their interest as a shareholder or creditor of the Company or any interest in any intellectual property rights which are owned or used by the Company. Such released claims shall include, but not limited to, all claims which Contributor has had or now has and which could have been asserted under state or federal statute or law, including specifically, but not limited to (i) any and all claims and rights for additional compensation, payments or benefits of whatever nature, and (ii) any and all claims for breach of fiduciary duty, breach of contract, fraud, negligent misrepresentation, negligence, impairment of economic opportunity, any tort (whether intentional or negligent), violation of federal or state unfair trade practices law, violation of state or federal securities law, and violation of any and all other federal, state and local laws and regulations. This release covers any injuries not now known by Contributor that arise in any way out of events occurring prior to the date of the execution of this Agreement. This release shall not apply to any rights or duties arising under this Agreement. Contributor agrees that the Company and their affiliates may plead this release as a complete bar to any action or suit before any court or administrative body with respect to any claim released herein.
