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WHEREAS the Shareholders and the Corporation entered into a Shareholders Agreement dated
as of (the “Shareholders Agreement”);
AND WHEREAS pursuant to a Share Purchase Agreement dated concurrently with this
Agreement (the “Share Purchase Agreement”) between Buying Shareholder and the Selling
Shareholder, the Selling Shareholder transferred his shares held in the Corporation to the
Buying Shareholder upon and subject to the terms and conditions thereof;
1. The parties hereto hereby remise, release and forever discharge one another of and from
all actions, causes of action, suits, debts, duties, accounts, bonds, covenants, contracts,
claims and demands whatsoever which the undersigned as officers, directors, shareholders,
creditors or employees of the Corporation or otherwise now have or hereafter can, shall or
may have for or by reason of or in any way arising out of any cause, matter or thing
whatsoever existing at any time up to the date hereof and, in particular, without in any
way limiting the generality of the foregoing, for or by reason of or in any way arising out
of (i) any and all claims for moneys advanced, salary, wages, bonus, expenses, retirement
or pension allowances, director’s fees, participation in profits or earnings or other
remuneration whether authorized or provided for by law, resolution, contract or
otherwise, and (ii) the Shareholders Agreement.
4. The provisions hereof shall enure to the benefit of and be binding upon the parties hereto
and their respective heirs, executors, administrators, successors and assigns.
IN WITNESS WHEREOF the parties have executed this Agreement as of the date first above
written.
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Witness
Witness
Per:
Name:
Title: