Common use of Cancellation of Indebtedness Clause in Contracts

Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 4 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $258,250 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.

Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 4 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $258,250 153,869.31 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.

Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 4 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $258,250 90,839.84 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.

Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 4 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $258,250 218,351.30 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.

Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 4 3 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $258,250 81,499.99 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.

Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 4 3 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $258,250 13,500 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.

Cancellation of Indebtedness. Holder hereby agrees to cancel and ---------------------------- extinguish the Indebtedness in exchange for the consideration set forth in Section 4 3 of this Agreement (the "Consideration"). Holder further acknowledges and agrees that the payment of the Consideration shall constitute full satisfaction of $258,250 33,750 of the Indebtedness represented thereby and that the Corporation shall have no further obligation to repay same.