MutualTerminationAgreementandRelease协定终止条约doc.docx

MutualTerminationAgreementandRelease协定终止条约doc.docx

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MutualTerminationAgreementandRelease协定终止条约doc

MutualTerminationAgreementandRelease合同终止协议-

ThisMUTUALTERMINATIONAGREEMENTANDRELEASEdatedasof_________,_________,_________（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;and

WHEREAS,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.Thir