Release of Company by Sellers. Each of the Sellers shall execute and deliver to the Buyer a release, in form and substance satisfactory to Buyer, pursuant to which each such Seller releases the Company, and the present and former directors, officers, agents and employees of the Company, from any and all actions, plans, causes of actions or liability of any nature, in law or equity, known and unknown, and whether or not heretofore asserted, which such individuals ever had, now has or hereafter can, shall or may have against any of the foregoing, for, upon or by reason of any nature, cause or thing whatsoever, from the formation of the Company to the Closing Date.
Release of Company by Sellers. Effective at and (only) upon Closing, each Seller (each a “Releasing Party”) hereby irrevocably and unconditionally releases and forever discharges the Company and its respective successors and assigns (the “Released Parties”) from any and all claims, charges, complaints, causes of action, damages, agreements and liabilities of any kind or nature whatsoever, including any claim by the Sellers against the Company for indemnification or for advances with respect to actions or omissions (or claims or allegations thereof) of Sellers prior to the Closing in their capacities as shareholders, officers, directors or employees of the Company (“Released Claims”), whether known or unknown and whether at law or in equity, arising from conduct occurring on or prior to the Closing Date, including without limitation any Released Claims relating to or arising out of such Seller’s ownership of Stock; provided that (i) nothing contained in this Section 2.10 shall release the Company from any of its post-Closing obligations and liabilities to a Releasing Party created under this Agreement or constitute a waiver of any claims that such Releasing Party may bring or have for indemnification by the Released Parties under Article 10 of this Agreement, and (ii) this release shall only relate to those claims arising from conduct or omissions occurring on or before the Closing.
