This Release is being executed and delivered in accordance with Section 3.15 of the Exchange Agreement dated
February 14, 2000 ("Agreement") by and among INFINITY INVESTORS LIMITED, a corporation organized
and existing under the laws of Nevis, West Indies ("Infinity"), GLACIER CAPITAL LIMITED, a corporation
organized and existing under the laws of Nevis, West Indies ("Glacier"), GLOBAL GROWTH LIMITED, a
corporation organized and existing under the laws of Nevis, West Indies ("Global"), SUMMIT CAPITAL
LIMITED, a corporation organized and existing under the laws of Nevis, West Indies ("Summit" and, together
with Infinity, Glacier and Global, each a "Fund", and collectively, the "Funds" or the "Releasors") and AURA
SYSTEMS, INC., a Delaware corporation (the "Company" or "Releasee"). Capitalized terms used in this
Release without definition have the respective meanings given to them in the Agreement.
WHEREAS, Releasors acknowledge that the execution and delivery of this Release is a condition to the
Company's obligation to make the Exchange on the Closing Date pursuant to the Agreement and that the
Company is relying on this Release in consummating such Exchange.
NOW, THEREFORE, in consideration of the Purchase Price and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Releasors agree as follows:
Section 1. Recitals. The foregoing recital is true and correct.
Section 2. Release. Effective upon the execution and delivery of this Release, each of the Releasors does hereby
forever discharge and fully release the Releasee from any and all actions, causes of action, claims, contracts,
obligations, demands, damages, costs, expenses, attorneys' fees, compensation, debts and liabilities of any nature
whatsoever, whether arising at law or in equity, known or unknown, arising out of or relating to any matters,
transactions or events which existed or have occurred prior to the date of this Release; provided, however, that