Document:

General Release

    
      

      

    

    Exhibit
      10.4

    
 

    GENERAL
      RELEASE (PARENT)

    

    THIS
      MUTUAL GENERAL RELEASE (this “Release”)
      is
      made as of October 20, 2006, by and among the Zone Mining Limited, a Nevada
      corporation (“Parent”), ZM Acquisition Corp., a Delaware corporation and
      wholly-owned subsidiary of Parent (“Merger Sub”), and Driveitaway, Inc., a
      Delaware corporation (“DIA”), and Stonewell Partners LLP, a United Kingdom
      limited liability company (“Stonewell”). 

     

    Preliminary
      Statement

     

    Reference
      is hereby made to that certain: (i) Termination and Assignment and Assumption
      Agreement (the “Termination Agreement”), dated October 20, 2006, by and among
      Parent, Merger Sub, Driveitaway, Inc., a Delaware corporation (“DIA”), and
      Trident; and (ii) Letter Agreement dated October 20, 2006 by and between Parent,
      Merger Sub, DIA and Stonewell (the “Letter Agreement”), pursuant to which the
      parties thereto agreed to terminate the Merger Agreement dated as of September
      21, 2006 by and among the parties (the “Merger Agreement”). Pursuant to the
      Termination Agreement, (i) Parent assigned all of its right, title and interest
      in and to the Amended and Restated DIA Note to Trident and Trident acquired
      all
      of Parent’s rights under the Amended and Restated DIA Note in full and compete
      satisfaction of any and all obligations of any kind or nature related to the
      Trident Debt, (ii) Parent, Merger Sub and Trident have agreed to terminate
      the
      ZM Securities Purchase Agreement, the ZM Security Agreement and the
      Subordination Agreement, and (iii) Trident has agreed to deliver for
      cancellation the Parent Debenture and the Parent Warrant to Parent. As such,
      Trident has agreed that Parent and Merger Sub shall have no further obligations
      related to the Trident Debt, including, without limitation, under the ZM
      Securities Purchase Agreement, the ZM Security Agreement, the Subordination
      Agreement, the Parent Debenture, the Parent Warrant or the Amended and Restated
      DIA Note. Pursuant to the Letter Agreement, Parent, Merger Sub, DIA and
      Stonewell have agreed that the parties thereto shall have no further obligations
      under the Merger Agreement. Capitalized terms used herein and not otherwise
      defined shall have the meanings ascribed to such terms in the Termination
      Agreement.

     

    Release

     

    NOW,
      THEREFORE, in consideration of the premises and other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      and
      intending to be legally bound, the undersigned hereby covenants and undertakes
      as follows:

     

    1.    Release.
      Each of
      the undersigned, for itself and on behalf of its subsidiaries, directors,
      officers, shareholders, affiliates, employees, agents, attorneys, accountants,
      successors and assigns (for this purpose, the “Releasing
      Party”),
      does
      hereby fully and irrevocably remise, release and forever discharge each of
      the
      other signatories hereto, and their respective subsidiaries, directors,
      officers, shareholders, affiliates, employees, agents, attorneys, accountants,
      successors and assigns (for this purpose, the “Released
      Parties”),
      of
      and from any and all manner of claims, actions, causes of action, grievances,
      liabilities, obligations, promises, damages, agreements, rights, debts and
      expenses (including claims for attorneys' fees and costs), of every kind, either
      in law or in equity, whether contingent, mature, known or unknown, or suspected
      or unsuspected, including, without limitation, any claims arising under any
      federal, state, local or municipal law, common law or statute, whether arising
      in contract or in tort, and any claims arising under any other laws or
      regulations of any nature whatsoever, that the Releasing Party ever had, now
      has
      or may have, for or by reason of any cause, matter or thing whatsoever, from
      the
      beginning of the world to the date hereof (collectively, “Pre-Closing
      Claims”).

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Each
      of
      the undersigned represents, warrants and covenants that it has not sold,
      assigned, transferred, or otherwise conveyed to any other person or entity
      all
      or any portion of its rights, claims, demands, actions, or causes of action
      herein released.

     

    Each
      of
      the undersigned further agrees and covenants not to sue or to bring, or assign
      to any third person, any claims or charges against any of the Released Parties
      with respect to any matter covered by the release set forth in the previous
      paragraph, and not to assert against any of the Released Parties any action,
      grievance, suit, litigation or proceeding for any matter covered by the release
      set forth in the previous paragraph.

     

    2.    Scope
      of Release.
      THE
      RELEASE SET FORTH IN SECTION 1 IS INTENDED TO BE ENFORCEABLE AGAINST EACH OF
      THE
      UNDERSIGNEDS AND THE OTHER RELEASING PARTIES IN ACCORDANCE WITH THE EXPRESS
      TERMS AND SCOPE THEREOF NOTWITHSTANDING ANY EXPRESS NEGLIGENCE RULE OR ANY
      SIMILAR DIRECTIVE THAT WOULD PROHIBIT OR OTHERWISE LIMIT RELEASES BECAUSE OF
      THE
      SIMPLE OR GROSS NEGLIGENCE (WHETHER SOLE, CONCURRENT, ACTIVE OR PASSIVE) OR
      OTHER FAULT OR STRICT LIABILITY OF ANY OF THE RELEASED PARTIES.

     

    3.    Construction.
      The
      release provisions set forth in Section 1 shall be construed as broadly as
      may
      be permitted by law to protect the Released Parties against litigation and
      liability and, to effect this intent, each of the undersigned, on behalf of
      the
      undersigned and each of the other Releasing Parties, hereby agrees that the
      language of this Release is to be strictly construed against it and in favor
      of
      release of the Released Parties, individually and collectively.

     

    4.    Competency.
      Each of
      the undersigned represents and warrants that it has the requisite power
      (corporate or otherwise) and authority to execute, deliver and perform its
      obligations under this Release. The execution and delivery of this Release
      and
      the actions contemplated hereby by each of the undersigned have been duly
      authorized by its board of directors or authorized person, as the case may
      be,
      and all other necessary corporate or organizational action on the part of such
      party, and no other corporate or organizational proceedings on the part of
      such
      party are necessary to authorize this Release or the actions contemplated
      hereby. Each of the undersigned acknowledges that it fully comprehends and
      understands all of the terms of this Release and their legal effects and has
      had
      the opportunity to consult with an attorney of the undersigned’s choice
      regarding this Release.

     

    5.    Parties
      in Interest.
      This
      Release is for the benefit of the Released Parties and shall be binding on
      each
      of the undersigned and each undersigned’s respective legal representatives and
      the other Releasing Parties.

     

    6.    Governing
      Law.
      This
      Release and the rights and obligations of the undersigned hereunder shall be
      governed by and construed and enforced in accordance with the substantive laws
      (but not the rules governing conflict of laws) of the Commonwealth of
      Pennsylvania.

     

    7.    Amendment.
      This
      Release may not be clarified, modified, changed or amended except in writing
      and
      signed by each of the undersigned (or such undersigned’s duly authorized
      representatives).

     

    8.    Severability.
      If any
      provision of this Release is held to be illegal, invalid or unenforceable under
      present or future laws, that provision shall be severable and this Release
      shall
      be construed and enforced as if that illegal, invalid or unenforceable provision
      never comprised a part hereof, and the remaining provisions hereof shall remain
      in full force and effect and shall not be affected by the illegal, invalid
      or
      unenforceable provision, and there shall be added automatically as part of
      this
      Release a provision as similar in terms to such illegal, invalid or
      unenforceable provision as may be possible and be legal, valid and
      enforceable.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

     

    IN
      WITNESS THEREOF, the undersigned has executed or caused to be duly executed
      this
      General Release as of the date first written above.

     

    
      
        
          
            	 	 	 
	 	
                    DRIVEITAWAY,
                      INC.

                  
	 
 	 
 	 
 
	 	By:  	/s/ David
                    Sola
	 	
                    
                      

                    

                    
                      Name:
                        David Sola

                      Title:
                        Chairman

                    

                  

          

           

        

      

      
        
          
            	 	 	 
	 	ZONE
                    MINING LIMITED
	 
 	 
 	 
 
	 	By:  	/s/ Stephen
                    P. Harrington
	 	
                    
                      

                    

                    Name: Stephen P. Harrington

                    Title: President 

                  

          

           

          
            	 	 	 
	 	
                    ZM
                      ACQUISITION CORP.

                  
	 
 	 
 	 
 
	 	By:  	/s/ Stephen
                    P. Harrington
	 	
                    

                    Name:
                      Stephen P. Harrington

                    Title:
                      President 

                  

          

          

            	 	 	 
	 	STONEWELL
                    PARTNERS LLP
	 
 	 
 	 
 
	 	By:  	/s/ David
                    Sola
	 	
                    

                    Name:
                      David Sola

                    Title:
                      Managing Partner

                  

          

        

      

       

    

    3Mutual General Release

    
      

      

    

    Exhibit
      10.5

    
 

    MUTUAL
      GENERAL RELEASE (TRIDENT)

    

    THIS
      MUTUAL GENERAL RELEASE (this “Release”)
      is
      made as of October 20, 2006, by and among the Zone Mining Limited, a Nevada
      corporation (“Parent”), ZM Acquisition Corp., a Delaware corporation and
      wholly-owned subsidiary of Parent (“Merger Sub”), and Trident Growth Fund, L.P.,
      a Delaware limited partnership (“Trident”). 

     

    Preliminary
      Statement

     

    Reference
      is hereby made to that certain Termination and Assignment and Assumption
      Agreement (the “Termination Agreement”), dated October 20, 2006, by and among
      Parent, Merger Sub, Driveitaway, Inc., a Delaware corporation (“DIA”), and
      Trident. Pursuant to the Termination Agreement, (i) Parent assigned all of
      its
      right, title and interest in and to the Amended and Restated DIA Note to Trident
      and Trident accepted all of Parent’s rights and obligations under the Amended
      and Restated DIA Note in full and compete satisfaction of any and all
      obligations of any kind or nature of Parent and Merger Sub related to the
      Trident Debt, (ii) Parent, Merger Sub and Trident have agreed to terminate
      the
      ZM Securities Purchase Agreement, the ZM Security Agreement and the
      Subordination Agreement, and (iii) Trident has agreed to deliver for
      cancellation the Parent Debenture and the Parent Warrant to Parent, and (iv)
      Parent has agreed to issue to Trident the New Warrant. As such, Trident has
      agreed that Parent and Merger Sub shall have no further obligations related
      to
      the Trident Debt, including, without limitation, under the ZM Securities
      Purchase Agreement, the ZM Security Agreement, the Subordination Agreement,
      the
      Parent Debenture, the Parent Warrant or the Amended and Restated DIA Note.
      Capitalized terms used herein and not otherwise defined shall have the meanings
      ascribed to such terms in the Termination Agreement.

     

    Release

     

    NOW,
      THEREFORE, in consideration of the premises and other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      and
      intending to be legally bound, the undersigned hereby covenants and undertakes
      as follows:

     

    1.    Release.
      Each of
      the undersigned, for itself and on behalf of its subsidiaries, directors,
      officers, shareholders, affiliates, employees, agents, attorneys, accountants,
      successors and assigns (for this purpose, the “Releasing
      Party”),
      does
      hereby fully and irrevocably remise, release and forever discharge each of
      the
      other signatories hereto, and their respective subsidiaries, directors,
      officers, shareholders, affiliates, employees, agents, attorneys, accountants,
      successors and assigns (for this purpose, the “Released
      Parties”),
      of
      and from any and all manner of claims, actions, causes of action, grievances,
      liabilities, obligations, promises, damages, agreements, rights, debts and
      expenses (including claims for attorneys' fees and costs), of every kind, either
      in law or in equity, whether contingent, mature, known or unknown, or suspected
      or unsuspected, including, without limitation, any claims arising under any
      federal, state, local or municipal law, common law or statute, whether arising
      in contract or in tort, and any claims arising under any other laws or
      regulations of any nature whatsoever, that the Releasing Party ever had, now
      has
      or may have, for or by reason of any cause, matter or thing whatsoever, from
      the
      beginning of the world to the date hereof relating to the Trident Debt,
      including, without limitation, the ZM Securities Purchase Agreement, the Parent
      Debenture, the Parent Warrant, the ZM Security Agreement and the Subordination
      Agreement, except those obligations of Parent and Trident under the New Warrant
      (collectively, “Pre-Closing
      Claims”).

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    Each
      of
      the undersigned represents, warrants and covenants that it has not sold,
      assigned, transferred, or otherwise conveyed to any other person or entity
      all
      or any portion of its rights, claims, demands, actions, or causes of action
      herein released.

     

    Each
      of
      the undersigned further agrees and covenants not to sue or to bring, or assign
      to any third person, any claims or charges against any of the Released Parties
      with respect to any matter covered by the release set forth in the previous
      paragraph, and not to assert against any of the Released Parties any action,
      grievance, suit, litigation or proceeding for any matter covered by the release
      set forth in the previous paragraph.

     

    2.    Scope
      of Release.
      THE
      RELEASE SET FORTH IN SECTION 1 IS INTENDED TO BE ENFORCEABLE AGAINST EACH OF
      THE
      UNDERSIGNEDS AND THE OTHER RELEASING PARTIES IN ACCORDANCE WITH THE EXPRESS
      TERMS AND SCOPE THEREOF NOTWITHSTANDING ANY EXPRESS NEGLIGENCE RULE OR ANY
      SIMILAR DIRECTIVE THAT WOULD PROHIBIT OR OTHERWISE LIMIT RELEASES BECAUSE OF
      THE
      SIMPLE OR GROSS NEGLIGENCE (WHETHER SOLE, CONCURRENT, ACTIVE OR PASSIVE) OR
      OTHER FAULT OR STRICT LIABILITY OF ANY OF THE RELEASED PARTIES.

     

    3.    Construction.
      The
      release provisions set forth in Section 1 shall be construed as broadly as
      may
      be permitted by law to protect the Released Parties against litigation and
      liability and, to effect this intent, each of the undersigned, on behalf of
      the
      undersigned and each of the other Releasing Parties, hereby agrees that the
      language of this Release is to be strictly construed against it and in favor
      of
      release of the Released Parties, individually and collectively.

     

    4.    Competency.
      Each of
      the undersigned represents and warrants that it has the requisite power
      (corporate or otherwise) and authority to execute, deliver and perform its
      obligations under this Release. The execution and delivery of this Release
      and
      the actions contemplated hereby by each of the undersigned have been duly
      authorized by its board of directors or authorized person, as the case may
      be,
      and all other necessary corporate or organizational action on the part of such
      party, and no other corporate or organizational proceedings on the part of
      such
      party are necessary to authorize this Release or the actions contemplated
      hereby. Each of the undersigned acknowledges that it fully comprehends and
      understands all of the terms of this Release and their legal effects and has
      had
      the opportunity to consult with an attorney of the undersigned’s choice
      regarding this Release.

     

    5.    Parties
      in Interest.
      This
      Release is for the benefit of the Released Parties and shall be binding on
      each
      of the undersigned and each undersigned’s respective legal representatives and
      the other Releasing Parties.

     

    6.    Governing
      Law.
      This
      Release and the rights and obligations of the undersigned hereunder shall be
      governed by and construed and enforced in accordance with the substantive laws
      (but not the rules governing conflict of laws) of the State of
      Texas.

     

    7.    Amendment.
      This
      Release may not be clarified, modified, changed or amended except in writing
      and
      signed by each of the undersigned (or such undersigned’s duly authorized
      representatives).

     

    8.    Severability.
      If any
      provision of this Release is held to be illegal, invalid or unenforceable under
      present or future laws, that provision shall be severable and this Release
      shall
      be construed and enforced as if that illegal, invalid or unenforceable provision
      never comprised a part hereof, and the remaining provisions hereof shall remain
      in full force and effect and shall not be affected by the illegal, invalid
      or
      unenforceable provision, and there shall be added automatically as part of
      this
      Release a provision as similar in terms to such illegal, invalid or
      unenforceable provision as may be possible and be legal, valid and
      enforceable.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS THEREOF, the undersigned has executed or caused to be duly executed
      this
      General Release as of the date first written above.

    
       

      
        	 	 	 
	 	
                TRIDENT
                  GROWTH FUND, L.P.

              
	 	 
	 	By:	
                TRIDENT MANAGEMENT, LLC, its
                   general
                  partner

              
	 	
              	
                
 
	 	 	 
	 	By:  	/s/ Scotty
                Cook
	 	
                
Name:
                Scotty Cook
                Title:
                  Authorized Member 

              

      

       

    

    
      
        
          
            	 	 	 
	 	ZONE
                    MINING LIMITED
	 
 	 
 	 
 
	 	By:  	/s/ Stephen
                    P. Harrington
	 	
                    
                      

                    

                    Stephen P. Harrington

                    President 

                  

          

           

          
            	 	 	 
	 	
                    ZM
                      ACQUISITION CORP.

                  
	 
 	 
 	 
 
	 	By:  	/s/ Stephen
                    P. Harrington
	 	
                    

                    Stephen
                      P. Harrington

                    President
                      

                  

          

          
3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]