THIS AGREEMENT is dated for reference the 10th day of August, A.D. 2009. BETWEEN:
THIS AGREEMENT is dated for reference the 10th day of August, A.D. 2009.
BETWEEN:
Cascade Technologies Corp., a company incorporated in the State of Wyoming and having its offices at 0000-0xx Xxxxxx X.X., Xxxxxxx, Xxxxxxx X0X 0X0
(hereinafter referred to as the “Company”)
OF THE FIRST PART
AND:
Xxx Xxxx, an individual with an address at Xxxx 0X – 000 Xxxxx Xxxx, Xxxxxxx, X.X. X0X 0X0
(hereinafter referred to as the “Creditor”)
OF THE SECOND PART
WHEREAS the Company is indebted to the Creditor and the Creditor is willing to accept certain assets of the Company, as detailed on Schedule A appended hereto, in full and final settlement of the indebtedness between the Company and the Creditor , subject to the terms and conditions hereinafter set forth in settlement of the Company’s indebtedness to the Creditor.
NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the premises and of the mutual covenants hereinafter contained, the parties hereto agree as follows:
1. The Company confirms and acknowledges its indebtedness to the Creditor in an amount of $40,000.00 as of August 10, 2009, net of accrued interest, which accrued interest shall be included in this settlement amount (the “Indebtedness”).
2. The Creditor agrees to accept the assets as set forth on Schedule A appended hereto in full and final settlement of the Indebtedness.
3. Each of the parties hereto agrees to execute such further and other deeds, documents and assurances and do such further and other acts as may be necessary to carry out the true intent and meaning of this Agreement fully and effectually.
4. Time shall be of the essence of this Agreement.
5. This Agreement shall enure to the benefit of and be binding upon the parties hereto, their heirs, executors, administrators, successors and assigns.
1
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.
By: /s/ Xxxxxxxxxx Xxxxxxxx
Witnessed by:
/s/ Xxx Xxxx /s/ X. Xxxxxxxxx
XXX XXXX Signature
X. Xxxxxxxxx
Name
Kelowna, B.C.
Address
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SCHEDULE A
1. All office furniture and fittings, including computer equipment, desks, chairs and all other office fittings purchased from the period starting February 2009 to current date and currently owned by the Company.
