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Subject to [Clauses  and ]:
(a) the Transferor releases and discharges the Counterparty from its obligations arising under the
Contract on or after the Novation Date;
(b) the Counterparty releases and discharges the Transferor from its obligations arising under the
Contract on or after the Novation Date; and
(c) the Counterparty releases and discharges the Transferor from all liabilities arising under the
Contract on or after the Novation Date.
5. Pre-existing claims
Nothing in this Agreement shall affect any liabilities which:
(a) the Transferor may owe to the Counterparty; or
(b) the Counterparty may owe to the Transferor,
arising under the Contract before the Novation Date.
7. Third party rights
This Agreement may be executed in one or more counterparts, each of which shall be an original, and
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