Common use of Settlement and Release of Claims Clause in Contracts

Settlement and Release of Claims. The Investor, generally and specifically, forever release, discharge, forgive and acquit the Company and its officers, directors, employees, agents, insurers, limited partners, partners, shareholders, independent contractors and attorneys of and from any and all claims, demands, liabilities, actions, causes of action, damages, expenses, and obligations at law or in equity, including but not limited to costs and attorney's fees, arising out of or in any way related to the portions of the Convertible Note Purchase Agreement relating to the Convertible Notes, the Convertible Note and any other agreements or instruments entered into by the Company pursuant to the Convertible Note Purchase Agreement relating to the Convertible Notes; provided, that the foregoing release shall not apply to any claims, demands, liabilities, actions, causes of action, damages, expenses, and obligations at law or in equity that are not currently known to such Investor. This release applies only to the Convertible Note as contemplated in this Settlement Agreement.

Appears in 5 contracts

Samples: Settlement Agreement (Composite Technology Corp), Settlement Agreement (Composite Technology Corp), Settlement Agreement (Composite Technology Corp)

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