In consideration of the payment to me of the sum of EIGHTY-FIVE THOUSAND NINE HUNDRED AND 00/100 ($85,900), I do hereby release and forever discharge GlobalWorld Productions Inc., a Nevada corporation, and its boards, officers, agents, servants and employees from any and all claims and causes of action which I now have, or may hereafter have, on account of injuries sustained resulting from or arising out of an accident which occured on 04/14/06, at 4891 Glen Oaks Way, as particularly described in Claim File No. D7-49117.
For said consideration and as a further inducement to GlobalWorld Productions Inc. to enter into this compromise settlement, I further agree: that this release shall apply to all unknown and unanticipated injuries and damages resulting from or arising out of said accident as well as to injuries and damages now known, disclosed or anticipated; that I have executed this release upon my judgment and that of my own physician and not in reliance upon any statement or representation by any employee, representative or physician representing or purporting to represent GlobalWorld Productions Inc., concerning the nature and extent of my bodily injury or injuries or the nature and extent of my damages or the legal liability therefore; and that I expressly waive the benefits of the provisions of Section 1542 of the Civil Code, which reads as follows: A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor.
I further understand and agree; that this release is not to be used as evidence of an admission of liability for the damages alleged and described in said Council File No. D7-49117 filed with the City Clerk of the City of Los Angeles; that said payment by GlobalWorld Productions Inc. or by any of its officers or employees is the sole consideration for this release, and is in full settlement and satisfaction of my said Claim File No. D7-49117 and in full satisfaction of all other claims and causes of action which I may now have against GlobalWorld Productions Inc.; that there are no agreements or promises not expressed herein; that the terms of this release are contractual; and that whenever the singular is used herein it includes the plural.