Affidavit and Discharge of Indebtedness between Avatech Solutions, Inc. and W. James Hindman

Contract Categories: Business Finance › Note Agreements
Summary

This document is an affidavit by W. James Hindman stating that a $500,000 promissory note issued by Avatech Solutions, Inc. has been lost or misplaced. It confirms that the debt under the original note has been discharged and replaced by a new promissory note of the same amount, dated May 28, 2003. The agreement serves to formally acknowledge the replacement of the lost note and the satisfaction of the original debt obligation.

Read More Arrow
EX-10.21 15 dex1021.txt AFFADAVIT AND DISCHARGE OF INDEBTEDNESS EXHIBIT 10.21 Affadavit and Discharge of Indebtedness The undersigned, W. James Hindman, does hereby affirm and represent that the certain Senior Subordinated Promissory Note of Avatech Solutions, Inc. ("Borrower") payable to the order of W. James Hindman ("Lender"), dated August 13, 2002 in the principal amount of $500,000 (the "2002 Note"), has been lost or misplaced, and that the indebtedness evidenced by the 2002 Note has been discharged by the delivery to the undersigned of a senior subordinated promissory note, dated May 28, 2003, made by the Borrower and payable to the order of the Lender in the principal amount of $500,000 Witness: - --------------------------- --------------------------------------- W. James Hindman