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EXHIBIT 99.4
SELLERS’ GENERAL RELEASE
This General
Release ("Release") is being made and delivered by PAINCARE
HOLDINGS, INC., a Florida corporation ("PainCare"), and PAINCARE
ACQUISITION COMPANY XXI, INC. a Florida corporation ("PainCare
Sub"), (collectively the "Releasors"), as of this 22nd day of
February, 2007 (the "Effective Date"), with the express intention
of binding the Releasors.
For good and
valuable consideration, the receipt and sufficiency of which are
acknowledged by the undersigned, and intending to be legally bound
hereby, the Releasors hereby release and discharge CENTENO SHULTZ,
INC., a Colorado corporation ("CSI"), THERAPEUTIC MANAGEMENT, INC.,
a Colorado corporation ("TMI"), CHRISTOPHER J. CENTENO, M.D., P.C.,
a Colorado professional corporation ("Original Practice"),
CHRISTOPHER J. CENTENO, M.D. ("Centeno") and JOHN SCHULTZ, M.D.
("Shultz"), each of their affiliated entities, each of their
present and former shareholders, directors, limited partners,
officers, employees, attorneys and agents, affiliates of any of the
foregoing, and any of their respective successors and assigns, and
their heirs, executors, administrators, successors, legatees and
assigns (each a "Released Party" and collectively the "Released
Parties") of and from any and all claims, demands, agreements,
contracts, covenants, actions, suits, causes of action,
obligations, controversies, debts, costs, expenses, accounts,
damages (whether actual, compensatory, direct, consequential or
punitive), judgments, losses, liabilities of whatever kind or
nature, in law, equity or otherwise whether known or unknown,
whether or not concealed or hidden, which the Releasors, their
affiliates or their respective administrators, successors, legatees
or assigns had, may have had, now have or can, shall or may have,
for or by reason of any matter, cause, or thing whatsoever, from
the beginning of time up to and including the Effective Date,
against any Released Party, whether asserted, unasserted, absolute,
contingent, known, unknown, including without limitation,
commitments, obligations, liabilities and claims arising under or
pursuant to: (1) that certain Asset Purchase Agreement, dated as of
October 14, 2005, as amended, by and among the Releas
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