DEBT SETTLEMENT AGREEMENTDebt Settlement Agreement • September 8th, 2008 • Cybermesh International Corp. • Medicinal chemicals & botanical products
THIS DEBT SETTLEMENT AGREEMENT (hereinafter referred to as the "Agreement"), dated as of the August 27th, 2008, is entered into by and between CYBER MESH SYSTEMS INC., a corporation authorized and existing pursuant to the laws of the Province of British Columbia (the "Corporation"), and CYBERMESH INTERNATIONAL CORP., a corporation authorized and existing pursuant to the laws of the State of Nevada (the "Creditor"). WHEREAS, the Corporation owes the Creditor the amount of $100,000 USD (the “Indebtedness”) pursuant to a series of demand loans granted to the Corporation during the period commencing the month of August 2007 and ending the month of June 2008 totaling $100,000 USD, which were repayable on demand; AND WHEREAS the Creditor has made a demand for payment; AND WHEREAS the Corporation does not have the financial resources or capital to repay the Indebtedness and the Corporation has determined that it is unlikely that it will be in a financial position to retire the Inde
