INVESTOR RELEASE
Exhibit 10.6
This investor Release ("Agreement") is entered into by and among Moving Box, Inc., a Delaware corporation (“Moving Box”), Xxxxxxx Xxxxxxx, Xx (“Xxxxxxx”), Xxxxxxx, LLC, a Kentucky limited liability Company, Xxx XxXxxxxx and Xxxx Xxxxxx (Xxxxxxx, LLC, Xxx XxXxxxxx, and Xxxx Xxxxxx are hereinafter collectively referred to as “Investors”),
Recitals
WHEREAS, the Investors in 2010 and 2011 have made certain cash advances or capital contributions (the “Cash Advances”) to Moving Box; and
WHEREAS, the Investors and Xxxxxxx desire to release Moving Box from any and all liabilities, including the Cash Advances;
NOW, THEREFORE, in consideration of the foregoing, and of the mutual representations, warranties, covenants, and agreements herein contained, the parties hereto agree as follows:
Agreement
Section 1. Release. The Investors and Xxxxxxx each together with its heirs, executors, administrators, and assigns hereby fully, forever, irrevocably and unconditionally releases, remises and discharges Moving Box and affiliates and each of their current or former officers, directors, stockholders, attorneys, agents, or employees (collectively, the "Moving Box Released Parties") from any and all claims, charges, complaints, demands, actions, causes of action, suits, rights, debts, sums of money, costs, accounts, reckonings, covenants, contracts, agreements, promises, doings, omissions, damages, executions, obligations, liabilities and expenses (including attorneys' fees and costs), of every kind and nature, known or unknown, which he ever had or now has against Moving Box or the Moving Box Released Parties including, but not limited to, all claims arising out of the Cash Advances, all common law claims including, but not limited to, actions in tort, defamation, breach of contract and any claims under any other federal, state or local statutes or ordinances not expressly referenced above.
Section 2. Counterparts. This Agreement may be executed in any number of counterparts, all of which will constitute one and the same instrument and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other party. Facsimile or other electronic transmission of any signed original document shall be deemed the same as delivery of an original.
(Signature page follows)
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.
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MOVING BOX, INC.
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By:
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/s/ Xxxxxxx Xxxxxxx
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Name:
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Xxxxxxx Xxxxxxx, Xx.
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Title:
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President
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By:
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/s/ Xxxxxxx Xxxxxxx
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Name:
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Xxxxxxx Xxxxxxx, Xx.
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INVESTORS
XXXXXXX, LLC
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By:
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/s/ Xxxx Xxxxx
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Name:
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Xxxx Xxxxx
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By:
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/s/ Xxx XxXxxxxx
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Name:
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Xxx XxXxxxxx
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By:
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/s/ Xxxx Xxxxxx
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Name:
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Xxxx Xxxxxx
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[Signature Page to Release]
