Acrex Ventures Ltd. 701, 543 Granville Street Vancouver, B.C. V6C 1X8 DEBT SETTLEMENT AGREEMENT Voice Mobility Inc. ("VMI") is indebted to the undersigned in an amount not less than the amount herein agreed to be settled. The undersigned has received...Debt Settlement Agreement • December 8th, 1999 • Voice Mobility International Inc • Telegraph & other message communications
Voice Mobility Inc. ("VMI") is indebted to the undersigned in an amount not less than the amount herein agreed to be settled. The undersigned has received notice that Acrex Ventures Ltd. ("Acrex") has conditionally agreed with VMI to accept responsibility for settling that portion of the amount owing by VMI to the undersigned hereinafter set forth. The undersigned hereby agrees to accept settlement of $50,500 of the indebtedness of VMI which Acrex has assumed by the issuance of 101,000 common voting shares in the capital of Acrex to the undersigned at a deemed price of $0.50 per share. It is agreed that the said amount will be considered to be the earliest monies owing to the undersigned by VMI out of the total monies which are owing.
