GLOBAL SETTLEMENT AND FULL RELEASE AND WAIVERFreestone Resources, Inc. • June 30th, 2011 • Oil & gas field machinery & equipment • Texas
The Parties acknowledge, understand and agree that all claims, controversies and disputes of any kind that may arise between The Parties shall be resolved, upon election of any Party, through confidential arbitration as set forth herein. As used in this Section, the term “Claim” means any claim (including initial claims, counterclaims, cross-claims, third party claims of breach of contract or any tort or equitable claims), dispute or controversy between The Parties arising from any matter. In any such arbitration, the parties shall bear their own costs and fees.
