Mutual Termination Agreement and Release合同終止協(xié)議

-15-MutualTerminationAgreementandRelease合同終止協(xié)議核心提示：ThisMUTUALTERMINATIONAGREEMENTANDRELEASEdatedasof_________,_________,_________(M,D,Y)(thisAgreement)ismadeandenteredintobyandamongAAA,Inc.,a_________(Placename)corporation(AAA),BBBCorporation,a_________(Placename)corporThisMUTUALTERMINATIONAGREEMENTANDRELEASEdatedasof_________,_________,_________(M,D,Y)(thisAgreement)ismadeandenteredintobyandamongAAA,Inc.,a_________(Placename)corporation(AAA),BBBCorporation,a_________(Placename)corporationandawhollyownedsubsidiaryofAAA(BBB),andCCCCorporation,a_________(Placename)corporation(Company).AAA,BBBandCompanyarecollectivelyreferredtohereinasthePartiesandeachindividuallyasaParty.Unlessdefinedherein,capitalizedtermshavethemeaninggiventhemintheMergerAgreement(asdefinedbelow).WHEREAS,thePartiesenteredintoanAgreementandPlanofMergerandReorganizationdatedasof_________,_________,_________(M,D,Y)(theMergerAgreement)andanamendmenttotheMergerAgreementdatedasof_________,_________,_________(M,D,Y)(theAmendment)pursuanttowhich,subjecttothetermsandconditionsstatedtherein,BBBwastomergewithandintoCompanyandCompanywastocontinueasthesurvivingcorporationandawholly-ownedsubsidiaryofAAA;WHEREAS,contemporaneouslywiththeexecutionoftheMergerAgreement,AAA,CompanyandcertainstockholdersoremployeesofeachofAAAandCompany,asthecasemaybe,enteredinto(i)aCompanyStockOptionAgreement,(ii)AAAVotingAgreements,(iii)CompanyVotingAgreements,(iv)AffiliateAgreementsand(v)EmploymentAgreements(collectively,theAncillaryAgreements);WHEREAS,Section8.01(a)oftheMergerAgreementprovidesthattheMergerAgreementmaybeterminatedatanytimepriortotheEffectiveTimebymutualwrittenconsentdulyauthorizedbytheBoardsofDirectorsofAAAandCompany;andWHEREAS,theBoardsofDirectorsofeachofAAAandCompanyhavedeterminedtoterminateeachoftheMergerAgreement,theAmendmentandeachoftheAncillaryAgreementsasprovidedhereinandreleaseeachotherfromallduties,rights,claims,obligationsandliabilitiesarisingfrom,inconnectionwith,orrelatingto,theMergerAgreement,theAmendmentandtheAncillaryAgreements,allasprovidedherein;NOW,THEREFORE,inconsiderationofthemutualcovenantsandagreementssetforthinthisAgreement,andforothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,theParties,intendingtobelegallybound,agreeasfollows:1.TerminationofMergerAgreement.ThePartiesagreethat,effectiveimmediately,(i)theMergerAgreementandtheAmendmentareherebyterminatedpursuanttoSection8.01(a)oftheMergerAgreementand(ii)theAncillaryAgreementsareherebyterminated,andnoneofsuchagreementswillbeofanyfurtherforceoreffectasofthedatehereof.2.ReleaseofCompanybyAAAandBBB.AAAandBBBdoherebyunequivocallyreleaseanddischargeCompanyandanyofitsofficers,directors,agents,managers,employees,representatives,stockholders,legalandfinancialadvisors,AAAs,subsidiaries,affiliates,principalsorpartners,andanyheirs,executors,administrators,successorsorassignsofanysaidpersonorentity(theCompanyReleasees),fromanyandallactions,causesofaction,chosesinaction,cases,claims,suits,debts,dues,sumsofmoney,accounts,reckonings,bonds,bills,specialties,covenants,contracts,controversies,agreements,promises,variances,trespasses,injuries,harms,damages,judgments,remedies,extents,executions,demands,liensandliabilitieswhatsoever,inlaw,equityorotherwise(collectively,Actions),arisingunder,inconnectionwithorrelatingtotheMergerAgreement,theAmendmentortheAncillaryAgreementsorthetransactionscontemplatedthereby,oranyactionorfailuretoactundertheMergerAgreement,theAmendment,theAncillaryAgreementsorinconnectiontherewith,orinconnectionwiththeeventsleadingtotheabandonmentoftheMergerandtheterminationoftheMergerAgreement,theAmendmentandtheAncillaryAgreements,orinconnectionwithanypressrelease,publicdisclosureorprivatecommunicationrelatingtotheMergerAgreement,theAmendmentortheAncillaryAgreementsorthetransactionscontemplatedthereby,whichhavebeenassertedagainsttheCompanyReleaseesorwhich,whethercurrentlyknownorunknown,AAAorBBB,oranysuccessorsorassignsofanysaidentities,evercouldhaveassertedorevercouldassert,inanycapacity,againsttheCompanyReleasees,relatingtoanyclaims,oranytransactionsandoccurrencesfromanytimeinconnectionwiththeforegoing;provided,however,theCompanyReleaseesarenotreleasedfromanyActionswhichmayariseunderthisAgreement.3.ReleaseofAAAandBBBbyCompany.CompanydoesherebyunequivocallyreleaseanddischargeAAAandBBBandanyoftheirrespectiveofficers,directors,agents,managers,employees,representatives,stockholders,legalandfinancialadvisors,AAA,subsidiaries,affiliates,principalsorpartners,andanyheirs,executors,administrators,successorsorassignsofanysaidpersonorentity(theAAAReleasees),fromanyandallActionsarisingunder,inconnectionwithorrelatingtotheMergerAgreement,theAmendmentortheAncillaryAgreementsorthetransactionscontemplatedthereby,oranyactionorfailuretoactundertheMergerAgreement,theAmendment,theAncillaryAgreementsorinconnectiontherewith,orinconnectionwiththeeventsleadingtotheabandonmentoftheMergerandtheterminationoftheMergerAgreement,theAmendmentandtheAncillaryAgreements,orinconnectionwithanypressrelease,publicdisclosureorprivatecommunicationrelatingtotheMergerAgreement,theAmendmentortheAncillaryAgreementsorthetransactionscontemplatedthereby,whichhavebeenassertedagainsttheAAAReleaseesorwhich,whethercurrentlyknownorunknown,Company,oranysuccessorsorassignsofanysaidentities,evercouldhaveassertedorevercouldassert,inanycapacity,againsttheAAAReleasees,relatingtoanyclaims,oranytransactionsandoccurrencesfromanytimeinconnectionwiththeforegoing;provided,however,theAAAReleaseesarenotreleasedfromanyActionswhichmayariseunderthisAgreement.4.Publicity.AttachedheretoasExhibitAistheformofjointpressreleasetobeissuedbyAAAandCompanyonsigningofthisAgreementwithrespecttothisAgreementandtheterminationoftheMergerAgreement,theAmendmentandtheAncillaryAgreements.Exceptasrequiredbylaworapplicablelistingagreementwithastockexchange,nootherpressreleaseshallbeissuedregardingtheterminationoftheMergerAgreementbyeitherAAAorCompanywithoutthepriorwrittenconsentoftheother.5.RepresentationsoftheParties.AAAandBBB,ontheonehand,andtheCompany,ontheotherhand,representstotheotherPartythat:(a)itisdulyorganizedandvalidlyexistingunderthelawsofthejurisdictionofitsincorporationandingoodstanding;(b)ithaspowertoexecuteandperformitsobligationsunderthisAgreementandhastakenallnecessaryactiontoauthorizesuchexecution,deliveryandperformance;(c)suchexecution,deliveryandperformancedonotviolateorconflictwithanylawapplicabletoit,anyprovisionofitscharterorbylaws,anyorderorjudgmentofanycourtorotheragencyofgovernmentapplicabletoitoranyofitsassetsoranycontractualrestrictionbindingonoraffectingitoranyofitsassets;(d)allgovernmentalandotherconsentsthatarerequiredtohavebeenobtainedbyitwithrespecttothisAgreementhavebeenobtainedandareinfullforceandeffectandallconditionsofanysuchconsentshavebeencompliedwith;(e)itsobligationsunderthisAgreementconstituteitslegal,validandbindingobligations,enforceableinaccordancewiththeirrespectiveterms;and(f)itbeneficiallyownsnosharesofanyotherParty(exceptthatAAAownsallofthesharesofBBB).6.Waiver.AnytermofthisAgreementmaybewaivedatanytimebythePartythatisentitledtothebenefitthereof,butnosuchwaivershallbeeffectiveunlesssetforthinawritteninstrumentdulyexecutedbyoronbehalfofthePartywaivingsuchtermorcondition.NowaiverbyanyPartyofanytermorconditionofthisAgreement,inanyoneormoreinstances,shallbedeemedtobeorconstruedasawaiverofthesameoranyothertermorconditionofthisAgreementonanyfutureoccasion.Allremedies,eitherunderthisAgreementorbyanylawsorotherwiseafforded,willbecumulativeandnotalternative.7.Amendment.ThisAgreementmaybeamended,supplementedormodifiedonlybyawritteninstrumentdulyexecutedbyoronbehalfofeachPartyhereto.8.NoAssignment;BindingEffect.NeitherthisAgreementnoranyright,interestorobligationhereundermaybeassignedbyanyPartyheretowithoutthepriorwrittenconsentoftheotherPartiesheretoandanyattempttodosowillbevoid,exceptforassignmentsandtransfersbyoperationofanylaws.Subjecttotheprecedingsentence,thisAgreementisbindingupon,inurestothebenefitofandisenforceablebythePartiesandtheirrespectivesuccessorsandassigns.9.EntireAgreement.ThisAgreementsupercedesallpriordiscussions,representations,warrantiesandagreements,bothwrittenandoral,amongthePartieswithrespecttothesubjectmatterhereof,andcontainsthesoleandentireagreementamongthePartieswithrespecttothesubjectmatterhereof.NopriordraftsofthisAgreementandnowordsorphrasesfromanysuchpriordraftsshallbeadmissibleintoevidenceinanyaction,suitorotherproceedinginvolvingthisAgreementNotwithstandingtheforegoing,thisAgreementdoesnotterminatetheNon-DisclosureAgreementdated_________,_________,_________(M,D,Y)betweentheCompanyandAAA.10.ThirdPartyBeneficiaries.TherearenothirdpartybeneficiariestothisAgreementexceptfortheAAAReleasees,theCompanyReleaseesandpartiestotheAncillaryDocumentsthatarenotpartiestothisAgreement.11.Headings.TheheadingsusedinthisAgreementhavebeeninsertedforconvenienceofreferenceonlyanddonotdefineorlimittheprovisionshereof.12.InvalidProvisions.IfanyprovisionofthisAgreementisheldtobeillegal,invalidorunenforceableunderanypresentorfuturelaws,andiftherightsorobligationsofanyPartyheretounderthisAgreementwillnotbemateriallyandadverselyaffectedthereby,(a)suchprovisionwillbefullyseverable,(b)thisAgreementwillbeconstruedandenforcedasifsuchillegal,invalidorunenforceableprovisionhadnevercomprisedaparthereof,and(c)theremainingprovisionsofthisAgreementwillremaininfullforceandeffectandwillnotbeaffectedbytheillegal,invalidorunenforceableprovisionorbyitsseveranceherefrom.NotwithstandinganythinginthisAgreementtothecontrary,ifforanyreasonanyofthereleasescontainedinSections2or3hereofareavoided,nullifiedorotherwiserenderedineffective,thenallreleasesinSection2or3hereofshallberenderedinvalidandunenforceableandthisAgreementshallbeautomaticallyreformedtodeleteSections2and3herefrom.13.InjunctiveRelief.ThePartiesagreethatirreparabledamagewouldoccurintheeventthatanyoftheprovisionsofthisAgreementwasnotperformedinaccordancewithitsspecifiedtermsorwasotherwisebreachedandthatmoneydamageswouldnotbeanadequateremedyforanybreachofthisAgreement.ItisaccordinglyagreedthatinanyproceedingseekingspecificperformanceeachofthePartieswillwaivethedefenseofadequacyofaremedyatlaw.EachofthePartiesshallbeentitledtoaninjunctionorinjunct