Debt Settlement Agreement between Cascade Technologies Corp. and Dave Harding dated August 10, 2009

Contract Categories: Business Operations › Settlement Agreements
Summary

Cascade Technologies Corp. and Dave Harding have agreed to settle a $15,000 debt owed by the company. Instead of cash payment, Dave Harding will accept certain company assets, as listed in the agreement's schedule, as full and final settlement of the debt. Both parties agree to complete any additional paperwork needed to finalize the arrangement. This agreement is binding on both parties and their successors.

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EX-10.4 4 ex104.htm DEBT SETTLEMENT AGREEMENT BETWEEN CASCADE TECHNOLOGIES CORP. AND DAVE HARDING DATED AUGUST 10, 2009 ex104.htm

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 1530-9th Avenue S.E., Calgary, Alberta T2G 0T7

(hereinafter referred to as the “Company”)

OF THE FIRST PART

AND:

Dave Harding, an individual with an address at

(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 $15,000.00 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.

 
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IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

CASCADE TECHNOLOGIES CORP.

By:/s/ Jacqueline Danforth                                                      


Witnessed by:

/s/ Dave Harding                                                                                                   s/ Josh White 
DAVE HARDING                                                                                                  Signature

Josh White                                                     
                                                                                                                                 Name

6358 Powell Road, Peachland, B.C.V0H1X8 
Address

 
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SCHEDULE A
 
1.           $10.00 and other good and valuable consideration.