Email Address:
  
  Password:
  
  

termination and release agreement

 

This Termination and Release Agreement (“Agreement”) is entered into as of this __ day of May, 2012, by and between SupportSave Solutions, Inc., a Nevada corporation (the “SupportSave”), and Global Services Corporation, a Republic of Seychelles corporation (“GSC”).

 

WHEREAS, GSC and SupportSave desire to terminate and release each other and otherwise settle, compromise, dispose of, and release with finality, all claims, demands and causes of action, arising out of the Asset Purchase Agreement dated February 17, 2012 (the “Asset Agreement”).

 

NOW, THEREFORE, in exchange for consideration, the adequacy of which is hereby acknowledged, GSC and SupportSave agree as follows:

 

  1. Termination. Subject to the terms and conditions of this Agreement, as of the date hereof, the Parties hereby terminate the Asst Purchase and any and all rights, obligations or duties created thereunder.
  1. Return of Payments/Assets. The parties agree to take whatever measures are necessary return to their respective positions as if the Asset Agreement were never executed, including, but not limited to the following: GSC returning the Deposit of $30,000 and the Initial Payment of $100,000 to SupportSave.
  1. Sale of Issued Shares. The parties agree that GSC shall sell all of the shares issued to it by SupportSave under the Asset Agreement to Mr. Christopher Johns, SupportSave’s President and Chief Executive Officer, for $0.001 per share.
  1. Mutual Release. Except for the obligations set forth in this Agreement, each party hereby releases, remises, acquits and forever discharges any other party to this Agreement and their related or controlled entities, and all of their directors, officers, members, managers, partners, employees, servants, attorneys, assigns, heirs, successors, agents and representatives, past and present, an

This is only a partial view of this document. We have millions of legal documents and clauses drafted by top law firms. learn more search for free browse for free learn more