CANCELLATION OF ADVANCES. The Lender hereby accepts the Note and the Shares as payment in full of the Advances, and cancels any obligation of the Company to repay the Advances, except as set forth in the Note.
Appears in 4 contracts
Samples: Loan Restructure and Subscription Agreement (Global Media Corp), Loan Restructure and Subscription Agreement (Global Media Corp), Loan Restructure and Subscription Agreement (Global Media Corp)