Debt Conversion Agreement Sample Contracts

Petroteq Energy Inc. – DEBT CONVERSION AGREEMENT (United States Lender) (October 11th, 2018)

WHEREAS the Company is indebted to the Lender in the aggregate amount of US$249,284.76 for reimbursement of expenses of the Company paid for by the Lender (the "Debt");

Petroteq Energy Inc. – DEBT CONVERSION AGREEMENT (United States Lender) (October 11th, 2018)

WHEREAS the Company is indebted to the Lender in the principal amount of US$204,000.00 plus accrued and unpaid interest pursuant to a convertible debenture, which for greater certainty is equal to US$265,343.58 including accrued and unpaid interest up to and including May 19, 2017, attached hereto as Schedule "A" (the "Debt");

Petroteq Energy Inc. – DEBT CONVERSION AGREEMENT (United States Lender) (October 11th, 2018)

WHEREAS the Subsidiary, a wholly-owned subsidiary of the Company, is indebted to the Lender in the aggregate amount of US$115,000 plus accrued and unpaid interest pursuant to the promissory note attached hereto as Schedule "A" (the "Debt");

Petroteq Energy Inc. – DEBT CONVERSION AGREEMENT (United States Lender) (October 11th, 2018)

WHEREAS the Subsidiary, a wholly-owned subsidiary of the Company, is indebted to the Lender in the principal amount of US$27,250.00 plus accrued and unpaid interest pursuant to a promissory note, which for greater certainty is equal to US$28,020.42 including accrued and unpaid interest up to and including May 19, 2017, attached hereto as Schedule "A" (the "Debt");

Petroteq Energy Inc. – DEBT CONVERSION AGREEMENT (United States Lender) (October 11th, 2018)

WHEREAS the Subsidiary, a wholly-owned subsidiary of the Company, is indebted to the Lender in the principal amount of US$172,400 plus accrued and unpaid interest pursuant to a promissory note, which for greater certainty is equal to US$179,005.81 including accrued and unpaid interest up to and including May 19, 2017, attached hereto as Schedule "A" (the "Debt");

Arog Pharmaceuticals, Inc. – Stock Purchase and Debt Conversion Agreement (September 28th, 2018)

This Stock Purchase and Debt Conversion Agreement (the "Agreement") is made and entered into as of January 31, 2017 (the "Effective Date") by and between Arog Pharmaceuticals Inc., a Delaware corporation (the "Company"), and Jain Investments LLC, a Texas limited liability company (the "Purchaser"). Capitalized terms not otherwise defined herein shall have the meanings assigned thereto in the Company's Bylaws adopted pursuant to the Company's Agreement and Plan of Conversion, effective September 30, 2014 (the "Bylaws").

Arog Pharmaceuticals, Inc. – Stock Purchase and Debt Conversion Agreement (September 24th, 2018)

This Stock Purchase and Debt Conversion Agreement (the "Agreement") is made and entered into as of January 31, 2017 (the "Effective Date") by and between Arog Pharmaceuticals Inc., a Delaware corporation (the "Company"), and Jain Investments LLC, a Texas limited liability company (the "Purchaser"). Capitalized terms not otherwise defined herein shall have the meanings assigned thereto in the Company's Bylaws adopted pursuant to the Company's Agreement and Plan of Conversion, effective September 30, 2014 (the "Bylaws").

Paradigm Resource Management Corp – Debt Conversion Agreement (August 20th, 2018)

THIS CONVERSION AGREEMENT (Agreement) is effective as of April 1, 2018, by and between Alternative Investment Corporation (AIKO or the "Corporation"), a Nevada corporation located at 150 East 52nd St, Suite 1102, New York, NY 10022, and Alternative Strategy Partners Pte. Ltd. (and/or designees), a Singaporean corporation located at 10 Collyer Quay Level 40 #40-53, Ocean Financial Centre, Singapore 049315 (ASP). AIKO and ASP are sometimes referred to collectively as the Parties.

Paradigm Resource Management Corp – Debt Conversion Agreement (August 20th, 2018)

THIS CONVERSION AGREEMENT ("Agreement") is effective as of April 1, 2018, by and between Alternative Investment Corporation ("AIKO"), a Nevada corporation located at 150 East 52" St, Suite 1102, New York, NY 10022, and Canton Investments Ltd. (and/or designees), a Hong Kong corporation located at Corner Hutson & Eyre Streets, Blake Blvd, # 302, Belize City, Belize ("CANTON").

Arog Pharmaceuticals, Inc. – Stock Purchase and Debt Conversion Agreement (August 8th, 2018)

This Stock Purchase and Debt Conversion Agreement (the "Agreement") is made and entered into as of January 31, 2017 (the "Effective Date") by and between Arog Pharmaceuticals Inc., a Delaware corporation (the "Company"), and Jain Investments LLC, a Texas limited liability company (the "Purchaser"). Capitalized terms not otherwise defined herein shall have the meanings assigned thereto in the Company's Bylaws adopted pursuant to the Company's Agreement and Plan of Conversion, effective September 30, 2014 (the "Bylaws").

Monaker Group, Inc. – Debt Conversion Agreement (July 6th, 2018)

This Debt Conversion Agreement (this "Agreement") dated July 3, 2018, is by and between, Bettwork Industries Inc., a Nevada corporation (the "Company") and Monaker Group, Inc., a Nevada corporation (the "Creditor"), each a "Party" and collectively the "Parties."

Original Source Entertainment, Inc. – FORM OF Series 1 Notes Debt Conversion AGREEMENT (July 6th, 2018)

This Debt Conversion Agreement (this "Agreement") is made as of July 2, 2018 (the "Effective Date"), by and among NeuroOne Medical Technologies Corporation, a Delaware corporation (the "Company"), and the holder identified on the signature page hereto (the "Holder").

Original Source Entertainment, Inc. – FORM OF Series 2 Notes Debt Conversion AGREEMENT (July 6th, 2018)

This Debt Conversion Agreement (this "Agreement") is made as of July 2, 2018 (the "Effective Date"), by and among NeuroOne Medical Technologies Corporation, a Delaware corporation (the "Company"), and each holder identified on the signature page hereto (each, a "Holder" and, together, the "Holders").

Eternity Healthcare Inc. – Debt Conversion Agreement (July 2nd, 2018)

Debt Conversion Agreement (this "Agreement") dated as of December ___, 2017, between Eternity Healthcare Inc., a Nevada corporation (the "Company") and Team Youn Bio Medicine International Corp. Limited, a company organized under the laws of the Peoples' Republic of China ("Team Youn").

Debt Conversion Agreement (May 25th, 2018)

This Debt Conversion Agreement (the "Agreement") is made and entered into this 20 day of April 2018 (the "Effective Date") between US-China Biomedical Technology, Inc. fka Cloud Security Corporation, a Nevada corporation ("Company") and China Israel Biological Technology Co. Ltd. (the "Creditor"). The Company and Creditor are sometimes referred to herein individually as the "Party" or collectively as the "Parties".

Mer Telemgmt Solutions Ltd – Re: Amendment to Debt Conversion Agreement (April 30th, 2018)

We are writing further to our recent discussions concerning the Share Purchase Agreement dated as of February 3, 2015 (the "Agreement") by and among (i) Mer Telemanagement Solutions Ltd., a public company incorporated under the laws of the State of Israel (the "Company"), (ii) Vexigo Ltd., a private company incorporated under the laws of the State of Israel ("Vexigo"), (iii) FPSV Holdings Ltd., a private company incorporated under the laws of the State of Israel ("FPSV"), (iv) all of the shareholders of Vexigo, other than FPSV (the "Sellers") and (v) all of the shareholders of FPSV (the "FPSV Sellers"), concerning the Payment Schedule and Proposed Purchase Agreement (the "Payment Schedule") executed between the Company and yourself, as Seller's Representative under the Agreement on February 18, 2016 and concerning the Debt Conversion Agreement executed between the Company and yourself, as Sellers' Representative under the Agreement on May 30, 2017 (the "Original Debt Conversion Agreem

Lion Consulting Group – Form of Debt Conversion Agreement (April 11th, 2018)

This Debt Conversion Agreement (the "Agreement") is entered into as of [March __, 2018] by and between [--------------------] ("Investor") and Cantabio Pharmaceuticals Inc., a Delaware corporation (the "Company"), with reference to the following facts:

Editworks – Debt Conversion Agreement (April 5th, 2018)

This Debt Conversion Agreement (the "Agreement") is entered into effective as of March 29, 2018 by and between Qi Shi Zhi He (Qishizhihe Investment Co. Ltd.), a British Virgin Islands company (the "Investor") and Yosen Group, Inc., a Nevada corporation (the "Company"), with reference to the following facts:

Ecosciences, Inc. – Debt Conversion Agreement (December 15th, 2017)

THIS DEBT CONVERSION AGREEMENT (the "Agreement") is entered into as of December 13 2017, by and between Ecosciences, Inc., a Nevada corporation (the "Company") and the debt-holder on the signature page hereto (the "Debt-holder"). The Company and Debt-holder may be referred to herein individually as a "Party" and collectively as the "Parties."

Oragenics, Inc. – Debt Conversion Agreement (November 9th, 2017)

This Debt Conversion Agreement (this Agreement) is dated as of November 8, 2017, among Oragenics, Inc., a Florida corporation (the Company), and Intrexon Corporation (Intrexon).

Debt Conversion Agreement (September 7th, 2017)

This Debt Conversion Agreement (the "Agreement") is entered into effective as of as of August 30, 2017 by and between Tauriga Sciences Inc. a Delaware corporation ("Investor") and Honeywood LLC, a California Limited Liability Company, (the "Company"), with reference to the following facts:

Riggs Patrick L – Debt Conversion Agreement (August 11th, 2017)

This Debt Conversion Agreement (this "Agreement") is made as of August 1, 2017, by and between International Western Petroleum, Inc., a Nevada corporation having an address at 5525 N. MacArthur Blvd, Suite 280, Irving, TX 75038 (the "Company") and Riggs Capital, Inc., an entity having an address at 10530 Normont Drive, Houston, TX 77070 (the "Lender").

International Western Petroleum, Inc. – Debt Conversion Agreement (August 7th, 2017)

This Debt Conversion Agreement (this "Agreement") is made as of August 1, 2017, by and between International Western Petroleum, Inc., a Nevada corporation having an address at 5525 N. MacArthur Blvd, Suite 280, Irving, TX 75038 (the "Company") and Riggs Capital, Inc., an entity having an address at 10530 Normont Drive, Houston, TX 77070 (the "Lender").

Gex Management, Inc. – Debt Conversion Agreement (June 9th, 2017)

This Debt Conversion Agreement is made as of this 7th day of June, 2017, by and between GEX Management, Inc., a Texas corporation (hereafter "GEX" or the "Company"), located at 12001 N. Central Expressway, Suite 825, Dallas, Texas 75243, and Agile Connections, LLC, a Texas limited liability company located at 1601 Elm St., Dallas, Texas 75201 (hereafter "Agile").

Aladdin International Inc /Mn/ – Debt Conversion Agreement (June 8th, 2017)

This Debt Conversion Agreement (the "Agreement") is entered into as of June 3, 2017 by and between Billion Reward Development Limited, a British Virgin Islands company ("Investor"), and Aladdin International, Inc., a Nevada corporation (the "Company"), with reference to the following facts:

Ecosciences, Inc. – Debt Conversion Agreement (May 24th, 2017)

THIS DEBT CONVERSION AGREEMENT (the "Agreement") is entered into as of May 18, 2017, by and between Ecosciences, Inc., a Nevada corporation (the "Company") and the debt-holder on the signature page hereto (the "Debt-holder"). The Company and Debt-holder may be referred to herein individually as a "Party" and collectively as the "Parties."

Advanced Biomedical Technologies Inc. – Debt Conversion Agreement (April 28th, 2017)

THIS DEBT CONVERSION AGREEMENT (AGREEMENT), dated as April 28, 2017 (the Effective Date) is entered into by and among Advanced Biomedical Technologies Inc., a Nevada corporation (the "Company"), and Titan Technology Development Ltd., a Hong Kong corporation (LENDER) (LENDER and Company each a Party and collectively the Parties).

SmooFi, Inc. – Debt Conversion Agreement (April 26th, 2017)

This Agreement is entered into this 20th day of January, 2017 (the "Effective Date"), by and between NuLife Sciences, Inc., a Nevada corporation (the "Company") and MZHCI, LLC (the "Holder"). Company and Holder are referred to individually as a "Party" and collectively as the "Parties."

Debt Conversion Agreement (April 14th, 2017)

THIS DEBT CONVERSION AGREEMENT (this "Agreement") made as of the date set forth on the signature page hereto (the "Agreement Date") between PROTEA BIOSCIENCES GROUP, INC., a Delaware corporation (the "Company"), and the Person who has executed this Agreement under the designation "Investor" on the signature page of this Agreement (the "Investor").

Debt Conversion Agreement (March 28th, 2017)

THIS DEBT CONVERSION AGREEMENT (this "Agreement") made as of the date set forth on the signature page hereto (the "Agreement Date") between PROTEA BIOSCIENCES GROUP, INC., a Delaware corporation (the "Company"), and the Person who has executed this Agreement under the designation "Investor" on the signature page of this Agreement (the "Investor").

Lifeapps Digital Media Inc. – Debt Conversion Agreement (November 2nd, 2016)

THIS DEBT CONVERSION AGREEMENT (the "Agreement") is entered into as of October 27, 2016, by and between LifeApps Brands Inc., a Delaware corporation (the "Company") and Lesly A. Thompson (the "Lender"). The Company and Lender may be referred to herein individually as a "Party" and collectively as the "Parties."

Marketingmobiletext, Inc. – Debt Conversion Agreement (September 30th, 2016)

This Debt Conversion Agreement (the "Agreement") is entered into effective as of as of September 26, 2016 by and between [_________________________]("Investor") and Progressive Green Solutions, Inc., a Nevada business corporation (the "Company"), with reference to the following facts:

Portlogic Systems Inc. – Debt Conversion Agreement (August 16th, 2016)

THIS DEBT CONVERSION AGREEMENT (this "Agreement") is made and entered into as of August 9, 2016, by and between Portlogic Systems Inc., a Nevada corporation with an address of 2 Toronto Street, Suite 209, Toronto, Ontario, M5C 2B5, Canada (the "Company") and Jueane Thiessen, an individual and a related party (the "Creditor").

W&E Source Corp. – Debt Conversion Agreement (August 10th, 2016)

The debt conversion agreement (Agreement) is entered into between W&E Source Corp., a Nevada corporation (Corporation), and Lin Li (Debtholder) dated this 5th day of August, 2016 (Effective Date)

W&E Source Corp. – Debt Conversion Agreement (August 10th, 2016)

The debt conversion agreement (Agreement) is entered into between W&E Source Corp., a Nevada corporation (Corporation), and Youzhe Li (Debtholder) dated this 5th day of August, 2016 (Effective Date)