Debt Waiver Agreement Sample Contracts

Debt Waiver Agreement
Debt Waiver Agreement • November 15th, 2013 • WSP Holdings LTD • Oil & gas field machinery & equipment

WHEREAS Party A and Party B used to be each other’s affiliate with certain debts in between reflected in the accounts, and Party C has become Party’s B controlling shareholder by way of acquiring 51% equity interests in Party B from Party A. The original debts between Party A and Party B shall be settled in a timely manner. Taking into consideration the actual situation of relevant enterprises and the fact of equity interest transfer, the parties hereby reach the following agreement through consultation:

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Debt Waiver Agreement
Debt Waiver Agreement • November 15th, 2013 • WSP Holdings LTD • Oil & gas field machinery & equipment

WHEREAS Party A and Party B used to be each other’s affiliate with certain debts in between reflected in the accounts, and Party C has become Party’s B controlling shareholder by way of acquiring 100% equity interests in Party B. The original debts between Party A and Party B shall be settled in a timely manner. Taking into consideration the actual situation of relevant enterprises and the fact of equity interest transfer, the parties hereby reach the following agreement through consultation:

Debt Waiver Agreement
Debt Waiver Agreement • November 15th, 2013 • WSP Holdings LTD • Oil & gas field machinery & equipment

WHEREAS Party A and Party B used to be each other’s affiliate with certain debts in between reflected in the accounts, and Party C has become Party’s B controlling shareholder by way of acquiring 100% equity interests in Party B, the original debts between Party A and Party B shall be settled in a timely manner. Taking into consideration the actual situation of relevant enterprises and the fact of equity interest transfer, the parties hereby reach the following agreement through consultation:

DEBT WAIVER AGREEMENT
Debt Waiver Agreement • September 5th, 2003 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels)

The undersigned, ANTONIOS KRIPOTOS. hereby agrees to waive the outstanding accrued salary amount of $144,000 on the books of the company and any other payments made by me to or on behalf of San Antonios Resources Inc. or its subsidiary San Antonios Resources (USA) Inc. up until such time as I remain a Director of the company.

DEBT WAIVER AGREEMENT
Debt Waiver Agreement • September 8th, 2003 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels)

The undersigned, ANTONIOS KRIPOTOS. hereby agrees to waive the outstanding accrued salary amount of $144,000 on the books of the company and any other payments made by me to or on behalf of San Antonios Resources Inc. or its subsidiary San Antonios Resources (USA) Inc. up until such time as I remain a Director of the company.

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