Debt Forgiveness Agreement Sample Contracts

Axonics Modulation Technologies, Inc. – Debt Forgiveness Agreement and Cancellation of Note (October 5th, 2018)
Axonics Modulation Technologies, Inc. – Debt Forgiveness Agreement and Cancellation of Note (October 5th, 2018)
Debt Forgiveness Agreement (January 2nd, 2018)

THIS DEBT FORGIVENESS AGREEMENT (this "Agreement") is made and entered into as of the 28th day of December, 2017, by and among (i) QuoteMedia, Inc., a Nevada corporation (the "Company"), and (ii) Bravenet Web Services, Inc. ("Bravenet") and Harrison Avenue Holdings Ltd. ("Harrison," and together with Bravenet, the "Debt Holders").

Neurokine Pharmaceuticals Inc. – Debt Forgiveness Agreement (September 15th, 2017)

This Debt Forgiveness Agreement ("Agreement"), entered into effective July 31, 2017, by and between Pivot Pharmaceuticals Inc. (the "Company") and Moira Ong ("Lender"), in reference to the following:

Neurokine Pharmaceuticals Inc. – Debt Forgiveness Agreement (September 15th, 2017)

This Debt Forgiveness Agreement ("Agreement"), entered into effective July 31, 2017, by and between Pivot Pharmaceuticals Inc. (the "Company") and Ahmad Doroudian ("Lender"), in reference to the following:

Neurokine Pharmaceuticals Inc. – Debt Forgiveness Agreement (September 15th, 2017)

This Debt Forgiveness Agreement ("Agreement"), entered into effective July 31, 2017, by and between Pivot Pharmaceuticals Inc. (the "Company") and Soho Capital Inc. ("Lender"), in reference to the following:

Excelsis Investments Inc. – Debt Forgiveness Agreement (July 21st, 2014)

THIS AGREEMENT (the "Agreement") is entered into as of this 31st day of March, 2014 by and between Pub Crawl Holdings / Excelsis Investments Inc., a Nevada corporation, operating at 8901 West Bay Drive, Suite 470, Largo, Florida 33770 (the "Company") Inc., and Hermaytar SA, the note Purchaser/Lender ("Lender").

Commonwealth Biotechnologies, Inc. – Debt Forgiveness Agreement (June 30th, 2014)

THIS DEBT FORGIVENESS AGREEMENT (this Agreement) is made and entered into and effective as of this 24th day of June, 2014 by and between HEDGEPATH PHARMACEUTICALS, INC., a Delaware corporation (HPPI), and HEDGEPATH, LLC a Delaware limited liability company (HP LLC).

Spiral Energy Tech., Inc. – Contract (March 21st, 2014)
Northern Wind Energy Corp. – Debt Forgiveness Agreement (January 7th, 2014)

This Debt Forgiveness Agreement ("Agreement"), entered into effective December 31, 2012, by and among Icarus Wind Energy, Inc. (the "Company"), Clear Skies Solar, Inc. ("Clear Skies") and Clear Skies' wholly owned subsidiary Clear Skies Financial Corp. ("FC" and, together with Clear Skies, the "Seller"), in reference to the following:

World Energy Solutions – Debt Forgiveness Agreement (November 15th, 2013)

This Debt Forgiveness Agreement ("Agreement"), is entered into effective November 8, 2013, (the "Effective Date") by and between Silver Horn Mining Ltd., a Delaware corporation (the "Company") and MJI Resource Management, an Arizona corporation ("MJI"), in reference to the following:

World Energy Solutions – Debt Forgiveness Agreement (November 15th, 2013)

This Debt Forgiveness Agreement ("Agreement"), is entered into effective November 8, 2013, (the "Effective Date") by and between Silver Horn Mining Ltd., a Delaware corporation (the "Company") and Bond Media Group, an Arizona corporation ("Bond"), in reference to the following:

Spiral Energy Tech., Inc. – Debt Forgiveness Agreement (August 7th, 2013)

This Debt Forgiveness Agreement ("Agreement"), entered into effective June 1, 2013, by and among Spiral Energy Tech., Inc. (formerly Solid Solar, Inc.) (the "Company"), Clear Skies Solar, Inc. ("Clear Skies") and Clear Skies' wholly owned subsidiary Clear Skies Financial Corp. ("FC" and, together with Clear Skies, the "Seller"), in reference to the following:

Debt Forgiveness Agreement (June 9th, 2011)

This Debt Forgiveness Agreement (the "Agreement") is entered into effective March 8, 2011, by and among SOFTECH, INC., a Massachusetts corporation ("Borrower"), WORKGROUP TECHNOLOGY CORPORATION, a wholly owned subsidiary of Borrower and a Delaware corporation, INFORMATION DECISIONS INCORPORATED, a wholly owned subsidiary of Borrower and a Michigan corporation (Workgroup Technology Corporation and Information Decisions Incorporated shall be referred to collectively as Guarantors), and GREENLEAF CAPITAL, INC., a Michigan corporation ("Lender"), in reference to the following:

Global Green Solutions Inc. – Debt Forgiveness Agreement (May 10th, 2011)

THIS AGREEMENT (the Agreement) is entered into as of this 4th day of May, 2011 by and between Global Green Solutions Inc., a Nevada corporation (the Company) and Arnold Hughes, of 3523 West King Edward Avenue, Vancouver, BC, Canada (Hughes).

Coyote Resources, Inc. – Stock Cancellation and Debt Forgiveness Agreement (August 18th, 2010)

This Stock Cancellation and Debt Forgiveness Agreement (this "Agreement") is made and entered into by and among Coyote Resources, Inc., a Nevada corporation (the "Company"), and Gary Prager and Brittany Prager (collectively, the "Stockholder"), effective as of the date this Agreement is accepted by the Company in accordance with Section 2 hereof.

China Intelligent Ltg & Elct – Debt Forgiveness Agreement (January 19th, 2010)

I, Tianfu Li, am willing to waive the below direct debt of Korea Hyundai Light & Electric (International) Holding Limited without any compensation. The category is as following:

China Intelligent Ltg & Elct – Debt Forgiveness Agreement (January 19th, 2010)

I, Tianfu Li, am willing to waive the below direct debt of China Intelligent Electric Holding Limited without any compensation. The category is as following:

Alamo Energy Corp. – Stock Repurchase and Debt Forgiveness Agreement (November 24th, 2009)

This Stock Repurchase and Debt Forgiveness Agreement (this "Agreement") is made and entered into by and among Green Irons Holdings Corp., a Nevada corporation (the "Company"), and Sandy McDougall ("Stockholder"), effective as of the date this Agreement is accepted by the Company in accordance with Section 2 hereof.

ForgeHouse – Debt Forgiveness Agreement (November 24th, 2009)

This Debt Forgiveness Agreement (the "Agreement") is entered into and effective as of September 30, 2009 (the "Effective Date") by and between ForgeHouse Inc., a Nevada corporation (the "Borrower"), and John Britchford-Steel, a resident of the State of Georgia, in his individual capacity ("Guarantor"), and Bryan Irving, a resident of the United Kingdom, in his individual capacity ("Irving") and Ian Morl, a resident of the United Kingdom, in his individual capacity ("Morl", collectively with Irving the "Debt Holders") and Insurance Medical Group Limited f/k/a/ After All Limited, a United Kingdom limited company ("After All" together with Irving and Morl, in their capacity as members of After All the "Lender"), in reference to the following:

SANUWAVE Health, Inc. – Debt Forgiveness Agreement (March 31st, 2009)

This Debt Forgiveness Agreement ("Agreement"), entered into effective February 10, 2009, by and between Rub Music Enterprises, Inc., a Nevada corporation ("Borrower") and Ben Carson, an individual ("Lender"), in reference to the following:

Micron Enviro Systems Inc – Debt Forgiveness Agreement (May 15th, 2008)

By signing this agreement, the Creditor releases any and all previous claims unknown or unknown by and against the Company.

Ic Isaacs – Debt Forgiveness Agreement (May 12th, 2008)

THIS DEBT FORGIVENESS AGREEMENT (this "Agreement") is entered into on this 9th day of May, 2008, by and between I.C. Isaacs & Company, Inc., a Delaware company (the "Borrower"), and Textile Investment International S.A., a Luxemburg company, (the "Lender").

E-Future Information Tech – Termination and Debt Forgiveness Agreement (December 2nd, 2005)

THIS TERMINATION AND DEBT FORGIVENESS AGREEMENT, effective as of Nov. 18, 2005, by and among e-Future (Beijing) Tornado Information Technology Inc., a Chinese corporation (e-Future Beijing), e-Future Information Technology Inc., a Cayman Islands corporation and the parent company of e-Future Beijing (e-Future Cayman), and Hainan Future Computer Co., Ltd., a Chinese company (Hainan).

Lsb Industries Inc. – Debt Forgiveness Agreement (November 17th, 2004)

This Debt Forgiveness Agreement ("Agreement"), entered into effective July 1, 2004, by and between Companie Financiere du Taraois, a French corporation ("Borrower") and LSB Holdings, Inc., an Oklahoma corporation ("Lender"), in reference to the following: WHEREAS, Borrower is indebted to Lender, on a secured basis, for an amount equal to approximately $4 Million USCY (the "Debt"); WHEREAS, subject to certain conditions contained herein, Lender has determined to forgive the Debt in its entirety and release the collateral securing the Debt; and WHEREAS, Borrower has determined that the forgiveness of the Debt and release of the collateral securing the Debt are in the best interest of Borrower. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency are hereby acknowledged, the parties agree as follows: