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RELEASE – WAIVER AGREEMENT

THIS ACCORD AND SATISFACTION (this “Agreement”) dated this (Tarih)

BETWEEN

_(İbra edenin adı soyadı)________________________(the “Releasor”) OF THE FIRST PART

AND

_(İbra edilenin adı soyadı)________________________(the “Releasee”) OF THE SECOND PART

IN CONSIDERATION OF the covenants and agreements contained in this Agreement and other good and valuable consideration, the receipt of which is hereby acknowledge, the parties to this Agreement agree as follows:

İfa, parasal bir edim ile yapılacaksa;

1. CONSIDERATION. In consideration of the sum of (İfa edilen ödeme tutarı), paid by (ödeme türü), the receipt and sufficiency of which consideration is acknowledge, the Releasor releases and forever discharges the Releasee, the Releasee’s spouse, heirs, executors, administrators, legal representatives and assigns from all manner of actions, causue of action, debts, accounts, bonds, contracts, claims and demands which have been or may be sustained as a consequence of the failure the Releasee to repay in full the disputed debt owed to the Releasor described below:

2. DETAILS OF DEBT. The claim or dispute (the “Dispute”) arose on (Uyuşmazlığın doğduğu tarih) as a result of:

____(Uyuşmazlık Sebebi ya da sebepleri)___.

3. CONCURRENT RELEASE. The Releasor acknowledges that this Agreement is given with the express intention nof effecting the extinguishment of certain obligations owed to the Releasor and with the intention of binding the Releasor’s spouse, heirs, executors, administrations, legal representatives and assigns.

4. FULL AND FINAL SETTLEMENT. For the above noted consideration, the parties to this Agreement further agree not to makle claim or take proceedings against any other person or corporation which might claim contribution or indemnity under the provisions of any statute or otherwise.

5. It is declared that terms of this settlement are fully understood; that the amount or type of consideration stated is the sole consideration for this Agreement and that sum is accepted voluntarily for the purpose of making full and final compromise, adjusment and settlement of claims for losses resulting or which may result from above noted debt.

6. This Agreement is given in full knowledge that the conmsideration given, as noted above, is being accepted as full and final satisfaction of the full debt claim.

7. This Agreement contains the entire agreement between the parties to this Accord and Satisfaction (release agreement) and the terms of this Agreement are contarctual and not a mere recital.

8. NO ADMISSION OF LIABILITY. It is agreed that the payment is not deemed to be an admission of liablity on the part of the Releasee.

9. GOVERNING LAW. This Agreement will be construed in accordence with and governed by the laws of the Republic of Turkey.

10. TERMINATION OF LEGAL PROCESS. This Agreement is also accepted by the Releasor in full and final satisfaction and settlement of any court proceedings with regard to the Dipute and all legal cost payable to the Releasor in connection with the court proceedinds and the Releasor does hereby covenant, agree and represent that:

     a. The Releasor shall forthwith wholly discontinue the court proceedings, and

     b. Neither the Releasor nor anyone else tot he Releasor’s knowledge, has caused or will cause to be commenced any further legal proceedings against any person by reason of this Dispute, or by reason of any injuries, loss or damage the Releasor may have suffered, including proceedings against any person who has or might claim contribution or indemnity from the Releasor, and

    c. The Releasor has not, and will not hereafter make any assignment to any other person of any claim against the Releasee with respect to the Dispute.

IN WITNESS WHEREOF the Releasor and Releasee have duly affixed their signatures under hand and seal on this 18th day of eptember, 2017.

__ Releasor (İbra eden imza)

__ Releasee (İbra edilen imza)