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