Common use of Cancellation of the Notes Clause in Contracts

Cancellation of the Notes. ▇▇▇▇▇▇ hereby assigns, transfers and surrenders for cancellation each of the Transferred Notes to the Company. Simultaneously with the execution of this Agreement, ▇▇▇▇▇▇ shall deliver to the Company each of the Transferred Note, duly endorsed as terminated and cancelled. ▇▇▇▇▇▇ acknowledges that upon its receipt of the Settlement Shares pursuant to Section 1(b) above and delivery of the Transferred Notes pursuant to this Section, it shall have no further rights to any payments under the Transferred Notes.

Cancellation of the Notes. ▇▇▇▇▇▇ Highlight hereby assigns, transfers and surrenders for cancellation each of the Transferred Notes to the Company. Simultaneously with the execution of this Agreement, ▇▇▇▇▇▇ Highlight shall deliver to the Company each of the Transferred Note, duly endorsed as terminated and cancelled. ▇▇▇▇▇▇ Highlight acknowledges that upon its receipt of the Settlement Shares pursuant to Section 1(b) above and delivery of the Transferred Notes pursuant to this Section, it shall have no further rights to any payments under the Transferred Notes.