Release of GEL Tex. Upon the occurrence of the Settlement Payment Date, the Lazarus Parties, and each of their respective current, former or future subsidiaries, parents, representatives, assigns, affiliates, predecessors, agents, attorneys, successors, shareholders, members, officers, directors, and employees, and their heirs, administrators, personal representatives, and trustees, and any person claiming by, through or under any of them (hereafter, collectively, the “Releasing Lazarus Parties”), do hereby forever release, waive and discharge GEL Tex, and each of its respective current, former or future subsidiaries, parents, representatives, assigns, affiliates, predecessors, agents, attorneys, successors, shareholders, members, officers, directors, and employees, and their heirs, administrators, personal representatives, and trustees, and any person claiming by, through or under any of them (hereafter, collectively, the “Released GEL Tex Parties”), from any and all claims, counterclaims, demands, damages, debts, agreements, covenants, suits, contracts, obligations, liabilities, accounts, offsets, rights, actions and causes of action of any nature whatsoever, in any way arising from the beginning of time until the Settlement Payment Date (hereinafter, the “Lazarus Claims”), whether arising at law or in equity, whether presently possessed or possessed in the future, whether known or unknown, whether direct or indirect, liquidated or unliquidated, whether presently accrued or to accrue hereafter, whether absolute or contingent, foreseen or unforeseen, and whether asserted in any litigation, or for or because of or as a result of any matter whatsoever or thing done, omitted, or suffered to be done (or alleged to be done, omitted or suffered to be done) by the Released GEL Tex Parties. The Lazarus Claims released herein shall include, but not be limited to, any Lazarus Claims that the Releasing Lazarus Parties (or any of them) have asserted, or could have asserted, against the Released GEL Tex Parties. Notwithstanding any of the foregoing, nothing herein shall be construed or deemed as a release of GEL Tex’s obligations arising under this Settlement Agreement, nor shall this paragraph be construed or deemed to be a release of any claims of whatever nature that the Releasing Lazarus Parties have or may have against persons or entities other than the Released GEL Tex Parties.
