Cancellation of Debt. Pubco will enter into agreements to cancel, satisfy or transfer all of its debt such that its liabilities as of Closing will not exceed $10,000.
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Samples: Share Exchange Agreement (Narnia Corp.), Share Exchange Agreement (China Forest Energy Corp.), Share Exchange Agreement (Heli Electronics Corp.)
Cancellation of Debt. Pubco will enter into agreements to cancel, satisfy or transfer all as much of its outstanding debt such that its liabilities as of possible prior to the Closing will not Date. In no event may the debt owed by Pubco exceed $10,000125,000 on the Closing Date.
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Cancellation of Debt. Pubco will enter into agreements to cancel, satisfy or transfer all of its debt such that its liabilities as of Closing will not exceed $10,0001,000.
Appears in 1 contract
