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 AURA SYSTEMS, INC., a Delaware corporation (the
"Company" or "Releasor"), and 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 "Releasees"). Capitalized terms used in
this Release without definition have the respective meanings given to them in the Agreement.
WHEREAS, Releasor acknowledges that the execution and delivery of this Release is a condition to each Fund's
obligation to make the Exchange on the Closing Date pursuant to the Agreement and that each of the Funds is
relying on this Release in consummating such Exchange.
NOW, THEREFORE, in consideration of the Secured Notes and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Releasor agrees as follows:
Section 1. Recitals. The foregoing recital is true and correct.
Section 2. Release. Effective upon the execution and delivery of this Release, the Releasor does hereby forever
discharge and fully release each of the Releasees, and its or their present or former agents, shareholders, officers,
directors, principals, advisors, employees, representatives, attorneys, agents, heirs, predecessors, successors and
assigns, 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