Contract
M U T U A L G E N E R A L R E L E A S E
This mutual general release is executed on March 18. 2016, by and between CPSM, Inc., referred
to below as "CPSM," and Sundook's Advanced Pool Services, LLC and Lighhouse Pool Supply.
Inc., collectively referred to below as "Sundook's."
Disputes and differences have arisen between the parties with respect to that certain Asset
Purchase Agreement, Addendums and documentation on the sale of Sundook's to CPSM.
The parties have agreed to amicably resolve, settle and compromise all disputes and differences
they have or may have arising out of facts or occurrences existing as of this date, known or
unknown, which are released below.
Therefore, in consideration of the mutual covenants contained in this release, and the sum of Ten
Thousand Dollars, ($10,000.00) paid to Sundook's by CPSM, the receipt and sufficiency of
which is acknowledged by Sundook's, each party (the releasing party) remises, releases, acquits,
satisfies, and forever discharges the other party (the released party) and its heirs, personal
representatives, successors, assigns, employees, agents and attorneys of and from all actions,
suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, specialties, covenants,
attorney's fees, expenses, contracts, controversies, agreements, promises, variances, damages,
judgments, executions, claims and demands, in law or in equity, which the releasing party ever
had, now has, or may have, or which any personal representative, successor, heir or assign of the
releasing party, subsequently can, shall or may have, against the released party or its heirs,
personal representatives, successors, assigns, employees, agents or attorneys, for, on or by reason
of any matter, cause or thing, from all matters relating to the purchase and sale of Sundook's by
CPSM commencing upon the date negotiations began for the purchase and sale of Sundook's by
CPSM to the date of this release.
Sundook's, in further consideration of the amounts paid to it by CPSM shall transfer, remit, and
assign all of its right title and interest in the 417.000 Shares of CPSM Stock to CPSM.
Sundook's will have no right title or interest in that certain retail store or its contents located at
0000 XX Xxxxxx Xxxxx, Xxxxxx Xxxxxxx. All other covenants and agreements that were meant to
survive the closing of the sale of Sundook's to CPSM shall remain including but not limited to
the non-competition agreements.
In witness, the parties have executed this mutual general release on the date first written above.
S U N D O O K ' S A D VA N C E D P O O L
S E RV I C E S . L L C a n d L I G H T H O U S E