LOAN CANCELLATION AND NOTE ASSIGNMENT AGREEMENTLoan Cancellation and Note Assignment Agreement • August 23rd, 2010 • China Broadband Inc • Retail-retail stores, nec • New York
This LOAN CANCELLATION AND NOTE ASSIGNMENT AGREEMENT (this “Agreement”), dated as of July 30, 2010, is by and among China Broadband, Inc, a Nevada corporation (the “Company”) and Steven Oliveira, an individual (the “Investor”; together with the Company, the “Parties”). Capitalized terms not otherwise defined herein shall have the meanings set forth in that certain Series B Preferred Stock Purchase Agreement, dated as of even date herewith, between the Company and the Investor (the “Purchase Agreement”).
