Common use of Debts Owing Clause in Contracts

Debts Owing. Debtor owes Creditor a total of $895,238. The ------------- current fair market value of the Shares is $3.50 as that is the price at which the shares are currently being sold. Creditor hereby agrees to accept 255,872 Shares as payment in full of the $895,238 in debt being carried on Creditor's books from Debtor. Upon execution of this Agreement (the "Closing"), subject to the terms and conditions herein set forth, and on the basis of the representations, warranties and agreements herein contained, Debtor shall transfer to Creditor the Shares.

Debts Owing. Debtor owes Creditor a total of $895,2382,381,849.08. The ------------- current fair market value of the Shares is $3.50 as that is 0.50 in the price at which judgment of the shares are currently being soldDebtor and the Creditor. Creditor hereby agrees to accept 255,872 4,763.699 Shares as payment in full of the $895,238 2,381,849.08 in debt being carried on Creditor's books from Debtor. Upon execution of this Agreement (the "Closing"), subject to the terms and conditions herein set forth, and on the basis of the representations, warranties and agreements herein contained, Debtor shall transfer to Creditor the Shares.

Debts Owing. Debtor owes Creditor a total of $895,238895,237. The ------------- current ------------ fair market value of the Shares is $3.50 as that is the price at which the shares Shares are currently being sold. Creditor hereby agrees to accept 255,872 255,782 Shares as payment in full of the $895,238 895,237 in debt being carried on Creditor's books from Debtor. Upon execution of this Agreement (the "Closing"), subject to the terms and conditions herein set forth, and on the basis of the representations, warranties and agreements herein contained, Debtor shall transfer to Creditor the Shares.