Debt Cancellation Agreement Sample Contracts

Kiwa Bio-Tech Products Group – Subscription and Debt Cancellation Agreement (December 29th, 2017)

The undersigned, Wei Li (the "Purchaser"), hereby subscribes for the purchase of 811,148 shares (the "Shares") of Series B Redeemable Convertible Preferred Stock of Kiwa Bio-Tech Products Group Corporation, a Nevada corporation (the "Company"), for an aggregate amount of $1,054,492 (the "Subscription Price"). In payment of the Subscription Price, the Purchaser agrees to the concurrent cancellation of $1,054,492 amount of accrued salary owing to the Purchaser by the Company ("Debt Cancellation") in full payment for such Shares. In exchange for the Debt Cancellation, the Purchaser shall receive from the Company 811,148 shares of Company Series B Redeemable Convertible Preferred Stock. The Purchaser agrees to execute this Subscription and Debt Cancellation (the "Agreement") and any other documentation required in connection with this investment (collectively, the "Transaction Documents").

General Steel Holdings – Exhibit B OA Agreement DEBT CANCELLATION AGREEMENT (August 25th, 2016)

This Debt Cancellation Agreement (this " Agreement "), is made as of August 19, 2016, among General Steel Holdings, Inc., a Nevada corporation (the " Company "), General Steel Investment Co., Ltd., a BVI company and wholly-owned subsidiary of the company ("GS Investment"), and Oriental Ace Limited (the " Creditor ").

General Steel Holdings – Exhibit a GS China Agreement DEBT CANCELLATION AGREEMENT (August 25th, 2016)

This Debt Cancellation Agreement (this " Agreement "), is made as of August 19, 2016, among General Steel Holdings, Inc., a Nevada corporation (the " Company "), Tongyong Shengyuan (Tianjin) Technology Development Co., Ltd. ( ), a Chinese company and wholly-owned subsidiary of the company ("Tongyong Shengyuan"), and General Steel (China) Co., Ltd. (the " Creditor ").

American Jianye Greentech Holdings, Ltd. – Re: Debt Cancellation Agreement (November 18th, 2013)

This agreement sets forth the terms on which the undersigned (the "Lender") agrees to cancel indebtedness to the Lender by American Jianye Greentech Holdings, Ltd., a Nevada corporation (the "Company"), in the principal amount of US$90,000, in consideration for which the Company will issue to Lender 90,000,000 shares (the "Shares") of common stock, par value $.001 per share ("Common Stock").

American Jianye Greentech Holdings, Ltd. – Re: Debt Cancellation Agreement (November 18th, 2013)

This agreement sets forth the terms on which the undersigned (the "Lender") agrees to cancel indebtedness to the Lender by American Jianye Greentech Holdings, Ltd., a Nevada corporation (the "Company"), in the principal amount of US$90,000, in consideration for which the Company will issue to Lender 90,000,000 shares (the "Shares") of common stock, par value $.001 per share ("Common Stock").

Lingerie Fighting Championships, Inc. – Re: Debt Cancellation Agreement (October 1st, 2012)

This agreement sets forth the terms on which Morgan Stanley Smith Barney Custodian fbo Terry Butler Roth IRA (the "Lender") agrees to cancel indebtedness to the Lender by Xodtec LED, Inc., a Nevada corporation (the "Company"), in the aggregate principal amount of US$819,319, in consideration for which the Company will issue to Lender 104,829,750 shares of common stock, par value $.001 per share ("Common Stock"), and 5,000,000 shares of Class A Convertible Preferred Stock, par value $0.001 per share ("Series A Preferred Stock"), with the shares of Common Stock and Series A Preferred Stock being issued to the Lender being collectively referred to as the "Shares."

Lingerie Fighting Championships, Inc. – Re: Debt Cancellation Agreement (October 1st, 2012)

This agreement sets forth the terms on which the undersigned (the "Lender") agrees to cancel indebtedness to the Lender by Xodtec LED, Inc., a Nevada corporation (the "Company"), in the aggregate principal amount of US$32,626, in consideration for which the Company will issue to Lender 8,156,500 shares (the "Shares") of common stock, par value $.001 per share ("Common Stock").

China Hefeng Rescue Equipment, Inc. – Debt Cancellation Agreement (June 15th, 2012)

This Debt Cancellation Agreement (this "Agreement") is made and entered into as of May 14, 2012 (the "Effective Date"), by and among Bridgeway Acquisition Corp., a Delaware corporation (the "Company"), Keri Bosch ("K. Bosch"), Bosch Equities, L.P. ("Bosch Equities") and Devin J. Bosch ("D. Bosch," together with K. Bosch and Bosch Equities, the "Boschs").

Environmental Safeguards Inc – Share and Debt Cancellation Agreement (November 10th, 2011)

THIS SHARE AND DEBT CANCELLATION AGREEMENT (the "Agreement") is entered into as of this 21st day of July 2011, by and between One World Holdings, Inc., formerly Environmental Safeguards, Inc., a Nevada corporation (the "Company"), and James S. Percell, an individual ("Percell"), upon the following premises:

Dgse Companies Inc – Debt Cancellation Agreement (October 28th, 2011)

This DEBT CANCELLATION AGREEMENT (this "Agreement") is dated as of October __, 2011, by and between DGSE COMPANIES, INC., a Nevada corporation ("DGSE") and NTR METALS, LLC, a Texas limited liability company ("NTR" and, together with DGSE, the "Parties," each, a "Party").

Lingerie Fighting Championships, Inc. – Re: Debt Cancellation Agreement (August 9th, 2011)

This agreement sets forth the terms on which the undersigned (the "Lender") agrees to cancel indebtedness to the Lender by Xodtec LED, Inc., a Nevada corporation (the "Company"), in the principal amount of US$822,358, in consideration for which the Company will issue to Lender 16,447,160 shares (the "Shares") of common stock, par value $.001 per share ("Common Stock").

Lingerie Fighting Championships, Inc. – Re: Debt Cancellation Agreement (August 9th, 2011)

This agreement sets forth the terms on which the undersigned (the "Lender") agrees to cancel indebtedness to the Lender by Xodtec LED, Inc., a Nevada corporation (the "Company"), in the principal amount of US$1,707,965, in consideration for which the Company will issue to Lender 34,159,120 shares (the "Shares") of common stock, par value $.001 per share ("Common Stock").

Heavy Earth Resources, Inc. – Debt Cancellation Agreement (May 18th, 2011)

This Debt Cancellation Agreement (this "Agreement") is made and entered into by and among Swinging Pig Productions, Inc., a Florida corporation (the "Company"), Chronicles of a Skater Girl, LLC, a wholly owned subsidiary of the Company (the "Sub") and Harlem Films, Inc., an affiliate of the Company ("Harlem Films") and Daniel Mirman ("Mirman"), effective as of the date this Agreement is accepted by the Company in accordance with Section 2 hereof.

Debt Cancellation Agreement (April 19th, 2010)

This Debt Cancellation Agreement (the "Agreement"), dated as of March 9, 2010, is entered into by Cascade Technologies Corp., a Wyoming corporation (the "Issuer"), and Shannon MacQuarrie ("Holder").

Debt Cancellation Agreement (April 19th, 2010)

This Debt Cancellation Agreement (the "Agreement"), dated as of March 9, 2010, is entered into by Cascade Technologies Corp., a Wyoming corporation (the "Issuer"), and Bruce Hollingshead ("Holder").

Debt Cancellation Agreement (July 13th, 1999)