Assignment of Debt. In consideration for the payment by the Investor to BlueCrest of the sum of $139,728.82, BlueCrest hereby assigns and endorses to the Investor the B Note (the “Assignment”) in the form attached hereto as Exhibit B-2. 1.1. The Investor hereby accepts the Assignment and the Issuer acknowledges the Assignment; 1.2. The Issuer confirms that BlueCrest advanced funds to the Issuer represented by the Debt on or before December 2009, and agrees, acknowledges, consents and stipulates, that full consideration has been rendered for said Debt and hereby waives any and all objections thereto; 1.3. THE INVESTOR ACKNOWLEDGES AND AGREES THAT BLUECREST SHALL HAVE NO LIABILITY TO THE INVESTOR IN THE EVENT OF DEFAULT BY THE ISSUER UNDER THIS AGREEMENT OR THE B NOTE.
Appears in 6 contracts
Samples: Partial Assignment and Modification Agreement (Bioheart, Inc.), Partial Assignment and Modification Agreement (Bioheart, Inc.), Partial Assignment and Modification Agreement (Bioheart, Inc.)
Assignment of Debt. In consideration for the payment by the Investor to BlueCrest of the sum of $139,728.82140,380.21, BlueCrest hereby assigns and endorses to the Investor the B Note (the “Assignment”) in the form attached hereto as Exhibit B-2.
1.1. The Investor hereby accepts the Assignment and the Issuer acknowledges the Assignment;
1.2. The Issuer confirms that BlueCrest advanced funds to the Issuer represented by the Debt on or before December 2009, and agrees, acknowledges, consents and stipulates, that full consideration has been rendered for said Debt and hereby waives any and all objections thereto;
1.3. THE INVESTOR ACKNOWLEDGES AND AGREES THAT BLUECREST SHALL HAVE NO LIABILITY TO THE INVESTOR IN THE EVENT OF DEFAULT BY THE ISSUER UNDER THIS AGREEMENT OR THE B NOTE.
Appears in 1 contract
Samples: Partial Assignment and Modification Agreement (Bioheart, Inc.)
