Debt Cancellation Agreement Sample Contracts

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Debt Cancellation Agreement
Debt Cancellation Agreement • April 19th, 2010 • Cascade Technologies Corp • Semiconductors & related devices • Wyoming

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
Debt Cancellation Agreement • November 13th, 2017

BUYER(S) NAME AND ADDRESS SELLER NAME AND ADDRESS LIENHOLDER NAME AND ADDRESS CIG FINANCIAL, LLC6 EXECUTIVE CIRCLE, SUITE 100IRVINE, CA 92614(800)525-3300 VEHICLE INFORMATION YEAR MAKE MODEL VIN FINANCE AGREEMENT INFORMATION CONTRACT DATE CONTRACT TERM (MONTHS) AMOUNT FINANCED$ DEBT CANCELLATION COST$ DEBT CANCELLATION TERM (MONTHS) THE PURCHASE OF THIS DEBT CANCELLATION AGREEMENT IS OPTIONAL. THE BUYER’S DECISION TO PURCHASE OR DECLINE THIS AGREEMENT WILL NOT AFFECT THE EXTENSION OF CREDIT AND WILL NOT BE A FACTOR IN THE CREDIT APPROVAL PROCESS. THE SELLER/LIENHOLDER MAY RETAIN A PORTION OF THE COST OF THIS DEBT CANCELLATION AGREEMENT. BENEFITS PROVIDED BY THIS AGREEMENT MAY DECREASE OVER THE TERM OF THE FINANCE AGREEMENT. THE BUYER MAY OBTAIN A DEBT CANCELLATION AGREEMENT FROM AN ALTERNATIVE SOURCE (FOR EXAMPLE, FROM HIS/HER PRIMARY INSURANCE PROVIDER) AND/OR MAY CONTACT AN INSURANCE AGENT TO DETERMINE IF COMPARABLE COVERAGE MAY BE OBTAINED ELSEWHERE AND FOR A LESSER COST.THIS D

DEBT CANCELLATION AGREEMENT
Debt Cancellation Agreement • December 18th, 2020 • W&E Source Corp. • Transportation services • Delaware

THIS DEBT CANCELLATION AGREEMENT (this "Agreement"), is entered into effective as of December 14, 2020, by and between W&E Source Corp., a Delaware corporation (the "Company"), and each of the persons listed on the Schedule of Creditors attached hereto as Exhibit A (individually, a "Creditor" and collectively, the "Creditors").

Exhibit B OA Agreement DEBT CANCELLATION AGREEMENT
Debt Cancellation Agreement • August 25th, 2016 • General Steel Holdings Inc • Steel works, blast furnaces & rolling & finishing mills • Hong Kong

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 ”).

DEBT CANCELLATION AGREEMENT
Debt Cancellation Agreement • November 13th, 2017

BUYER(S) NAME AND ADDRESS SELLER NAME AND ADDRESS LIENHOLDER NAME AND ADDRESS CIG FINANCIAL, LLC6 EXECUTIVE CIRCLE, SUITE 100IRVINE, CA 92614(800)525-3300 VEHICLE INFORMATION YEAR MAKE MODEL VIN FINANCE AGREEMENT INFORMATION CONTRACT DATE CONTRACT TERM (MONTHS) AMOUNT FINANCED$ DEBT CANCELLATION COST$ DEBT CANCELLATION TERM (MONTHS) THE PURCHASE OF THIS DEBT CANCELLATION AGREEMENT IS OPTIONAL. THE BUYER’S DECISION TO PURCHASE OR DECLINE THIS AGREEMENT WILL NOT AFFECT THE EXTENSION OF CREDIT AND WILL NOT BE A FACTOR IN THE CREDIT APPROVAL PROCESS. THE SELLER/LIENHOLDER MAY RETAIN A PORTION OF THE COST OF THIS DEBT CANCELLATION AGREEMENT. BENEFITS PROVIDED BY THIS AGREEMENT MAY DECREASE OVER THE TERM OF THE FINANCE AGREEMENT. THE BUYER MAY OBTAIN A DEBT CANCELLATION AGREEMENT FROM AN ALTERNATIVE SOURCE (FOR EXAMPLE, FROM HIS/HER PRIMARY INSURANCE PROVIDER) AND/OR MAY CONTACT AN INSURANCE AGENT TO DETERMINE IF COMPARABLE COVERAGE MAY BE OBTAINED ELSEWHERE AND FOR A LESSER COST.THIS D

Debt Cancellation Agreement/ Pay-Off Letter
Debt Cancellation Agreement • July 20th, 2017 • Dala Petroleum Corp. • Crude petroleum & natural gas • Minnesota

Reference is made to that certain Common Stock Purchase Agreement made as of June __, 2017 (the “SPA”) by and among Dala Petroleum Corp., a Minnesota corporation, whose principal executive offices are located at 328 Barry Ave. S #210, Wayzata, MN 55391 (the “Company”), M2 Equity Partners LLC, a Minnesota limited liability company, the “Purchaser”). Pursuant to the SPA and as a condition to the closing of the SPA (the “Closing”), the Company shall have no indebtedness and/or liabilities immediately after the Closing.

FORM OF DEBT CANCELLATION AGREEMENT
Debt Cancellation Agreement • April 18th, 2024 • Hallmark Venture Group, Inc. • Real estate • New York

Reference is made to that certain 10% Convertible Promissory Exchange Note Issued by the Company on March 24, 2017 (the “NOTE”) by and among Hallmark Venture Group Inc., a Florida corporation, whose principal executive offices are located at 5112 West Taft Road, Suite M, Liverpool, NY 13088 (the “Company”), The Robert Papiri Defined Benefit Plan (the “Assignor”) and Phase I Operations, Inc., a corporation licensed to conduct business in New York, with an office located at 265 Sunrise Hwy, Suite 1515, Rockville Centre, New York 11570 (the “Assignee”). On March 7, 2023, the Assignor assigned the entire NOTE to Assignee pursuant to that certain Assignment of Debt Agreement (the “ADA”). As of the date last written below, the remaining NOTE balance is $8,130 of principle and accrued interest (“Remaining Note Balance”).

DEBT CANCELLATION AGREEMENT
Debt Cancellation Agreement • May 18th, 2011 • Swinging Pig Productions Inc • Services-motion picture & video tape production • Florida

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.

FORM OF DEBT CANCELLATION AGREEMENT Debt Cancellation Agreement
Debt Cancellation Agreement • January 19th, 2024 • Hallmark Venture Group, Inc. • Real estate

Reference is made to that certain 10% Convertible Promissory Note Issued by the Company on ________ (the “NOTE”) by and among Hallmark Venture Group, Inc., a Florida corporation, whose principal executive offices are located at 5112 West Taft Road, Suite M, Liverpool, NY 13088 (the “Company”), and _____________ (the “Creditor”). As of the date last written below, the remaining NOTE balance is _________ (“Remaining Note Balance”).

DEBT CANCELLATION AGREEMENT
Debt Cancellation Agreement • June 15th, 2012 • Bridgeway Acquisition Corp. • Blank checks

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”).

Exhibit A GS China Agreement DEBT CANCELLATION AGREEMENT
Debt Cancellation Agreement • August 25th, 2016 • General Steel Holdings Inc • Steel works, blast furnaces & rolling & finishing mills • Hong Kong

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 ”).

DEBT CANCELLATION AGREEMENT
Debt Cancellation Agreement • October 28th, 2011 • Dgse Companies Inc • Retail-jewelry stores • Texas

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”).

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