Common use of ALLOTMENT AND ISSUANCE OF SECURITIES Clause in Contracts

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.15 per Share for each US$0.15 of indebtedness, as full and final payment of the Debt, and the Creditor agrees to accept the Shares as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $Nil following this transaction. 2.2 The Creditor hereby agrees that, upon delivery of the Shares by the Company in accordance with the provisions of this Agreement, that the Debt will be fully satisfied and extinguished effective as of the date set out above, and the Creditor will remise, release and forever discharge the Company and its directors, officers and employees from any and all obligations relating to this Debt.

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 62,500 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.15 per Share for each US$0.15 of indebtedness, as full and final payment of the Debt, and the Creditor agrees to accept the Shares as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $Nil following this transaction. 2.2 The Creditor hereby agrees that, upon delivery of the Shares by the Company in accordance with the provisions of this Agreement, that the Debt will be fully satisfied and extinguished effective as of the date set out above, and the Creditor will remise, release and forever discharge the Company and its directors, officers and employees from any and all obligations relating to this Debt.

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 40,761 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.15 0.23 per Share for each US$0.15 0.23 of indebtedness, as full and final payment of the Debt, and the Creditor agrees to accept the Shares as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $Nil following this transaction. 2.2 The Creditor hereby agrees that, upon delivery of the Shares by the Company in accordance with the provisions of this Agreement, that the Debt will be fully satisfied and extinguished effective as of the date set out above, and the Creditor will remise, release and forever discharge the Company and its directors, officers and employees from any and all obligations relating to this Debt.

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 78,125 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.15 0.16 per Share for each US$0.15 0.16 of indebtedness, as full and final payment of the Debt, and the Creditor agrees to accept the Shares as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $Nil following this transaction. 2.2 The Creditor hereby agrees that, upon delivery of the Shares by the Company in accordance with the provisions of this Agreement, that the Debt will be fully satisfied and extinguished effective as of the date set out above, and the Creditor will remise, release and forever discharge the Company and its directors, officers and employees from any and all obligations relating to this Debt.

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 160,000 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.15 0.10 per Share for each US$0.15 0.10 of indebtedness, as full and final payment of the Debt, and the Creditor agrees to accept the Shares as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $Nil following this transaction. 2.2 The Creditor hereby agrees that, upon delivery of the Shares by the Company in accordance with the provisions of this Agreement, that the Debt will be fully satisfied and extinguished effective as of the date set out above, and the Creditor will remise, release and forever discharge the Company and its directors, officers and employees from any and all obligations relating to this Debt.

ALLOTMENT AND ISSUANCE OF SECURITIES. 2.1 The Company agrees to allot and issue to the Creditor 100,000 93,750 shares in the capital of the Company (the “Shares”) at a deemed price of US$0.15 0.10 per Share for each US$0.15 0.10 of indebtedness, as full and final payment of the Debt, and the Creditor agrees to accept the Shares as full and final payment of the Debt, leaving the Company indebted to the Creditor in the amount of US $Nil following this transaction. 2.2 The Creditor hereby agrees that, upon delivery of the Shares by the Company in accordance with the provisions of this Agreement, that the Debt will be fully satisfied and extinguished effective as of the date set out above, and the Creditor will remise, release and forever discharge the Company and its directors, officers and employees from any and all obligations relating to this Debt.