Upon termination of this Agreement, for any reason, the Company will release all active or pending listings and clients immediately. If an existing contract of sale exists, or a representation agreement, the Company will impose a referral fee of 15% which will be charged to the Contractor's new brokerage. The referral fee may also include any past due balances, monthly fees, or balances owed to the Company or any outstanding referral partner balances the Contractor may owe while sponsored by the Company. The Company may opt to keep listings, clients, and/or contracts at its discretion. The Company shall be deemed released from all claims for commissions not yet earned under applicable provincial and/or federal laws by the Contractor. Upon termination of this Agreement, for any reason, Contractor is aware that such termination could result in a significant financial loss, including but not limited to: pending transactions, revenue share, and stock awards.