Cancellation of the Note. Holder hereby assigns, transfers and surrenders for cancellation the Note to the Company. Simultaneously with the execution of this Agreement, Holder shall deliver to the Company the Note, duly endorsed as terminated and cancelled. Holder acknowledges that upon Holder’s receipt of the Settlement Shares and the Penalty Shares pursuant to Section 2(b) above, Holder shall have no further rights to any payments under the Note.
Appears in 2 contracts
Sources: Promissory Note Settlement Agreement (Immune Therapeutics, Inc.), Promissory Note Settlement Agreement (Immune Therapeutics, Inc.)
Cancellation of the Note. Holder hereby assigns, transfers and surrenders for cancellation the Note to the Company. Simultaneously with the execution of this Agreement, Holder shall deliver to the Company the Note, duly endorsed as terminated and cancelled. Holder acknowledges that upon Holder’s his receipt of the Settlement Shares and the Penalty Shares pursuant to Section 2(b) aboveabove and delivery of the Note pursuant to this Section, Holder it shall have no further rights to any payments under the Note.
Appears in 1 contract
Sources: Promissory Note Settlement Agreement (Ceres Ventures, Inc.)