Shares For Debt Agreement Sample Contracts

Madison Minerals Inc – Forgiveness of Debt and Shares for Debt Agreement (March 31st, 2015)

The Corporation is indebted to Idziszek for the Indebtedness (as defined below) immediately before the Effective Date; and

Heartland Inc – Shares for Debt Agreement (October 26th, 2011)

This agreement is made and entered into as of October 20, 2011, by and between HEARTLAND, INC., a Maryland corporation, whose address is 1005 North 19th Street, Middlesboro, Kentucky 40965, ("Company"), and, GARY LEE ("Creditor Gary Lee") and LEE HOLDING COMPANY ("Creditor Lee") with offices at P.O. Box 23580, Middleboro, Kentucky 40965 (collectively, Creditor Gary Lee and Creditor Lee "Creditors").

Heartland Inc – Shares for Debt Agreement (November 4th, 2010)

This agreement is made and entered into as of November 01, 2010, by and between HEARTLAND, INC., a Maryland corporation, whose address is 1005 North 19th Street, Middlesboro, Kentucky 40965, ("Company"), and, GARY LEE ("Creditor Gary Lee") and LEE HOLDING COMPANY, L.P. ("Creditor Lee Holding Company, L.P.") with offices at P.O. Box 23580, Middleboro, Kentucky 40965 (collectively Creditor Gary Lee and Creditor Terry Lee, "Creditors");

Novagen Ingenium Inc. – Contract (August 11th, 2010)

SHARES FOR DEBT AGREEMENT This agreement is made and entered into as of August 4, 2010, by and between NOVAGEN SOLAR INC., a Nevada corporation (the "Company"), and FAHRINSLAND CAPITAL LLC, a Nevada limited liability company ("Creditor"); WHEREAS, A. Creditor has provided services and incurred costs on behalf of the Company, and at the Company's request; B. the Company is indebted to the Creditor in amount of U.S. $151,388.01 (the "Debt"); and C. the Company has agreed to issue to the Creditor and the Creditor has agreed to accept 15,138,800 restricted shares of the Company's common stock as complete settlement of the Debt; NOW THEREFORE, in consideration of the mutual covenants and promises contained herein, and for valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the parties to this agreement (collectively "parties" and individually a "party") agree as follows: 1. The Company agrees to issue to the Creditor and the

Novagen Ingenium Inc. – Contract (August 11th, 2010)

SHARES FOR DEBT AGREEMENT This agreement is made and entered into as of August 4, 2010, by and between NOVAGEN SOLAR INC., a Nevada corporation (the "Company"), and THOMAS MILLS ("Creditor"); WHEREAS, A. Creditor has incurred costs on behalf of the Company, and at the Company's request; B. the Company is indebted to the Creditor in amount of U.S. $58,558 (the "Debt"); and C. the Company has agreed to issue to the Creditor and the Creditor has agreed to accept 5,855,800 restricted shares of the Company's common stock as complete settlement of the Debt; NOW THEREFORE, in consideration of the mutual covenants and promises contained herein, and for valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the parties to this agreement (collectively "parties" and individually a "party") agree as follows: 1. The Company agrees to issue to Ophion Management Ltd. on behalf of the Creditor and the Creditor agrees to accept, 5,855,800 r

Novagen Ingenium Inc. – Contract (August 10th, 2010)

SHARES FOR DEBT AGREEMENT This agreement is made and entered into as of August 4, 2010, by and between NOVAGEN SOLAR INC., a Nevada corporation (the "Company"), and FAHRINSLAND CAPITAL LLC, a Nevada limited liability company ("Creditor"); WHEREAS, A. Creditor has provided services and incurred costs on behalf of the Company, and at the Company's request; B. the Company is indebted to the Creditor in amount of U.S. $151,388.01 (the "Debt"); and C. the Company has agreed to issue to the Creditor and the Creditor has agreed to accept 15,138,800 restricted shares of the Company's common stock as complete settlement of the Debt; NOW THEREFORE, in consideration of the mutual covenants and promises contained herein, and for valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the parties to this agreement (collectively "parties" and individually a "party") agree as follows: 1. The Company agrees to issue to the Creditor and the

Novagen Ingenium Inc. – Contract (August 10th, 2010)

SHARES FOR DEBT AGREEMENT This agreement is made and entered into as of August 4, 2010, by and between NOVAGEN SOLAR INC., a Nevada corporation (the "Company"), and THOMAS MILLS ("Creditor"); WHEREAS, A. Creditor has incurred costs on behalf of the Company, and at the Company's request; B. the Company is indebted to the Creditor in amount of U.S. $58,558 (the "Debt"); and C. the Company has agreed to issue to the Creditor and the Creditor has agreed to accept 5,855,800 restricted shares of the Company's common stock as complete settlement of the Debt; NOW THEREFORE, in consideration of the mutual covenants and promises contained herein, and for valuable consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the parties to this agreement (collectively "parties" and individually a "party") agree as follows: 1. The Company agrees to issue to Ophion Management Ltd. on behalf of the Creditor and the Creditor agrees to accept, 5,855,800 r

Newport Gold, Inc. – Shares for Debt Agreement (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Minhaj Khan whose address is 534 Saihat Drive, Dhahran hills, Dhahran, Eastern Saudi Arabia ("Khan"), with reference to the following facts:

Newport Gold, Inc. – Shares for Debt Agreement (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Ann Pineau whose address is Apt 904A Gulf Tower Residence, Oud Metha, Dubai, UAE ("Pineau"), with reference to the following facts:

Newport Gold, Inc. – Contract (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Craig Pelkey whose address is Apt # 1101 Al Najda Street, Abu Dhabi, UAE ("Pelkey"), with reference to the following facts:

Newport Gold, Inc. – Shares for Debt Agreement (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Sacira Dedovic whose address is #1601 Lebanese Bakery St., Khalidiya, Abu Dhabi, UAE ("Dedovic"), with reference to the following facts:

Newport Gold, Inc. – Contract (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Lenore Neeb whose address is #908 Jumeriah Tower, Najda Street, Abu Dhabi, UAE ("Neeb"), with reference to the following facts:

Newport Gold, Inc. – Shares for Debt Agreement (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Patrick Doran whose address is #622 Centrepoint Apt., Kuwait Street, Dubai, UAE ("Doran"), with reference to the following facts:

Newport Gold, Inc. – Contract (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Martin Baerschmidt whose address is Villa #3 Al Yass, Dubai Marine, Dubai, UAE ("Baerschmidt "), with reference to the following facts:

Newport Gold, Inc. – Contract (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Paul Turner whose address is Apt #3101 Capricorn Towers, Sheikh Zayed Road, Dubai, UAE ("Turner"), with reference to the following facts:

Newport Gold, Inc. – Shares for Debt Agreement (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Rafik Youssif whose address is Unit 101 AL Najda Street, Abu Dhabi, UAE ("Youssif"), with reference to the following facts:

Newport Gold, Inc. – Contract (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Robert Farrow whose address is Apt # 1008, Al Khour Plaza, Dubai, UAE ("Farrow"), with reference to the following facts:

Newport Gold, Inc. – Contract (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Stephen Craig Raynor whose address is #207 Al Tayer Building, Karama, Dubai, UAE ("Raynor"), with reference to the following facts:

Newport Gold, Inc. – Shares for Debt Agreement (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Shahid Akhtar whose address is Apt. 309 Belhassa Apt., Diera, Dubai, UAE ("Akhtar"), with reference to the following facts:

Newport Gold, Inc. – Contract (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Tricia Evans whose address is Villa #35 - 12A Street Comm 366 Umm Seueim, Dubai, UAE ("Evans"), with reference to the following facts:

Newport Gold, Inc. – Contract (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Sharon Ditchburn whose address is Villa 26- 37b Street, Umm Sequeim, Dubai, UAE ("Ditchburn"), with reference to the following facts:

Newport Gold, Inc. – Shares for Debt Agreement (August 27th, 2008)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of August 20, 2008, by and between NEWPORT GOLD, INC., a Nevada corporation (the "Company"), and Douglas Warrington whose address is Villa 8, Campus Residence, College of the North Atlantic- Qatar, Doha, Qatar ("Warrington"), with reference to the following facts:

Shares for Debt Agreement (February 9th, 2007)

THIS AGREEMENT WITNESSES that in consideration of the premises and the mutual covenants, agreements, representations, warranties and payments contained in this Agreement, the parties agree with each other as follows:

Richardson & Patel LLP – Amended and Restated Shares for Debt Agreement (January 31st, 2007)

This Amended And Restated Shares For Debt Agreement (the Agreement) is made and entered into as of January 15, 2007, by and between Strativation, Inc., a Delaware corporation (the Company), and Richardson & Patel LLP (the Firm), with reference to the following facts:

Amended and Restated Shares for Debt Agreement (January 16th, 2007)

This Amended And Restated Shares For Debt Agreement (the Agreement) is made and entered into as of January 15, 2007, by and between Strativation, Inc., a Delaware corporation (the Company), and Richardson & Patel LLP (the Firm), with reference to the following facts:

Shares for Debt Agreement (January 11th, 2007)

This Shares For Debt Agreement (the Agreement) is made and entered into as of January 11, 2007, by and between Strativation, Inc., a Delaware corporation (the Company), and Richardson & Patel LLP (the Firm), with reference to the following facts:

NeoTactix Corp. – Shares for Debt Agreement (July 29th, 2005)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of July 25, 2005 by and between ENTREMETRIX CORPORATION, a Nevada corporation (the "Company"), and SCOTT ABSHER, an individual whose address is 18101 Von Karman Ave. Ste. 330, Irvine, CA 92612("Absher"), with reference to the following facts:

NeoTactix Corp. – Shares for Debt Agreement (July 29th, 2005)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of July 25, 2005 by and between ENTREMETRIX CORPORATION, a Nevada corporation (the "Company"), and GEORGE LEFEVRE, an individual whose address is ____________________________________ ("LeFevre"), with reference to the following facts:

MotivNation – Shares for Debt Agreement (February 23rd, 2005)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of February 15, 2005, by and between MOTIVNATION, INC., a Nevada corporation (the "Company"), and JAY ISCO, an individual whose address is ____________________________________ ("Isco"), with reference to the following facts:

MotivNation – Shares for Debt Agreement (February 23rd, 2005)

This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of February 15, 2005, by and between MOTIVNATION, INC., a Nevada corporation (the "Company"), and DAVID M. MCPHAIL AND LESLIE A. MCPHAIL, together whose address is ____________________________________ ("MCPHAIL'S"), with reference to the following facts:

NeoTactix Corp. – Contract (November 3rd, 2004)

SHARES FOR DEBT AGREEMENT This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of November 2, 2004, by and between ENTREMETRIX CORPORATION, a Nevada corporation (the "Company"), and SCOTT ABSHER, an individual whose address is ______________________________________ ("Absher"), with reference to the following facts: RECITALS WHEREAS, Absher is the duly appointed and acting President of the Company; WHEREAS, for services rendered or to be rendered by Absher to the Company during the period from October 1, 2004 through December 31, 2004, the Company is indebted to Absher in amount of U.S. $60,000 (the "Debt Amount"); and WHEREAS, the Company has agreed to issue to Absher and Absher has agreed to accept 6,000,000 restricted shares of the Company's common stock as complete settlement of the Debt Amount; NOW THEREFORE, in consideration of the mutual covenants and prom

NeoTactix Corp. – Contract (November 3rd, 2004)

SHARES FOR DEBT AGREEMENT This SHARES FOR DEBT AGREEMENT (this "Agreement") is made and entered into as of November 2, 2004, by and between ENTREMETRIX CORPORATION, a Nevada corporation (the "Company"), and GEORGE LEFEVRE, an individual whose address is ____________________________________ ("LeFevre"), with reference to the following facts: RECITALS WHEREAS, LeFevre is the duly appointed and acting Treasurer of the Company; WHEREAS, for services rendered or to be rendered by LeFevre to the Company during the period from October 1, 2004 through December 31, 2004, the Company is indebted to LeFevre in amount of U.S. $60,000 (the "Debt Amount"); and WHEREAS, the Company has agreed to issue to LeFevre and LeFevre has agreed to accept 6,000,000 restricted shares of the Company's common stock as complete settlement of the Debt Amount; NOW THEREFORE, in consideration of the mutual covenants