CFN
DEBT CONVERSION AGREEMENT
BETWEEN:
Collaborative Financial Network Group, Inc (formerly known as
X-Xxxxxxxxxxxxxx.xxx) (The
Company) _.
AND
Xxxxxxx Xxxxxxx
WHEREAS
Xxxxxxx, Xxxxxxx has agreed to convert all past and current debts attributed to
The Company, specifically the amount of. $446,316(four hundred forty-six
thousand three hundred sixteen dollars) to common shares in The Company in the
amount of 2,231,580 (two million two hundred thirty-one thousand, five hundred
eighty) shares xxx Xxxx, X-0 fling. It is understood. that by signing below,
Xxxxxxx Xxxxxxx and all persons(s) he represents, considers the issuance of
these shares payment in full for all past and current debts and releases The
Company, its Directors, and successors, from any actions, liens, encumbrances,
or claims.
Signed and agreed to this 25day of January 2002
/s/ Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxxx
Collaborative Financial Network Group, Inc
-----------------------------
0000 Xxxxxxx Xxxx Xxxx, X-0000
Xxx Xxxxxxx, XX 00000
Email:xxxxxx@xxxxxxxx.xxx
