This Demo Release, Waiver and Assumption of Risk Agreement (“Ageement”) is executed on September 19, 2024 ,by Particiapnt (“Releasor”). RELEASE. In consideration for permitting Releasor to test and evaluate the Next Level Platform ski binding suspension system (“Next Level Platform”), Releasor, for himself/herself, his/her spouse, legal representatives, heirs and assigns, releases, waives and discharges Next Level Platforms, Inc., a California corporation, its officers, directors, shareholders, owners, employees, agents and representatives (“Releasees”), from all liability to Releasor, his/her spouse, legal representatives, heirs and assigns, for any and all loss or damage, and any claim or damages resulting from the same, on account of injury to Releasor’s person or property, even injury resulting in death of Releasor, whether caused by the negligence of Releasees or otherwise while Releasor is participating in the testing and evaluation of the Next Level Platform. Releasor understands that by signing this release, Releasor is waiving any and all claims, of any kind arising out of or attributable to Releasor’s participation in the use of the Next Level Platform, including those claims that may be unknown to Releasor, or which Releasor does not suspect to exist at this time. WITH THE INTENTION OF WAIVING ALL UNKNOWN AND UNSUSPECTED CLAIMS, I HEREBY EXPRESSLY WAIVE ALL RIGHTS, BENEFITS, AND PROTECTIONS I MAY HAVE UNDER CALIFORNIA CIVIL CODE SECTION 1542, WHICH READS AS FOLLOWS: A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party. ASSUMPTION OF RISKS. Releasor understands and agrees that the sport of skiing, in general, and the use of the Next Level Platform in particular, can be dangerous and involve risk of injury and death. Releasor freely, voluntarily and expressly chooses to assume all risks inherent in the use of the Next Level Platform, including but not limited to risks of equipment malfunction and/or failure to function, including those which may result from some defect in design, assembly, and/or manufacture as well as those risks arising from improper and/or negligent operation and/or use of the equipment, for and in consideration of the right of participation in testing and evaluation of the equipment, understanding full well that those risks may include personal injury, property damage, and/or death. INDEMNIFICATION AND HOLD HARMLESS. Releasor agrees to indemnify, save, and hold harmless Releasees from any loss, liability, damage, expense or cost whatsoever Releasees may incur either directly or indirectly arising out of or related to Releasor’s participation in the use of the Next Level Platform whether caused by the negligence of Releasees or otherwise, including but not limited to, actions brought on by or on behalf of Releasor or Releasor’s estate. COVENANT NOT TO SUE. Releasor will not initiate any claim, lawsuit, court action, or other legal proceeding or demand against Releasees, or join or assist in the prosecution of any claim for money or other damages which anyone may have, on account of injuries (including death), losses, or damages sustained by Releasor, other parties, or Releasor’s (or others') property in connection with the use of the Next Level Platform, and Releasor waives any right Releasor may have to do so. This Release constitutes the sole and entire agreement with respect to the subject matter contained herein and supersedes all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, with respect to such subject matter. If any term or provision of this Release is held invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Release or invalidate or render unenforceable such term or provision in any other jurisdiction. This Release is binding on and shall inure to the benefit of the Releasees and Releasor and their respective heirs, successors, and assigns. All matters arising out of or relating to this Release shall be governed by and construed in accordance with the internal laws of the State of California without giving effect to any choice or conflict of law provision or rule (whether of the State of California or any other jurisdiction). BY SIGNING BELOW, RELEASOR ACKNOWLEDGES THAT RELEASOR HAS READ AND FULLY UNDERSTOOD ALL OF THE TERMS OF THIS RELEASE AND THAT RELEASOR IS VOLUNTARILY GIVING UP SUBSTANTIAL LEGAL RIGHTS, INCLUDING THE RIGHT TO SUE THE COMPANY FOR CLAIMS, WHETHER KNOWN OR UNKNOWN, ARISING OUT OF RELEASOR’S PARTICIPATION IN USE OF THE NEXT LEVEL PLATFORM. September 19, 2024 |