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    Loan Cancellation Agreement - Tis Trade&Septima.20171215.Rev

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    Ma. Angelica de Guzman
    This Loan Cancellation Agreement cancels a loan of CHF 543.65 from Septima Investment Limited to TIS Trade AG. The agreement releases TIS Trade AG from any obligations to repay the loan and acknowledges that no other inducements were provided. The agreement is governed by Swiss law and represents the entire agreement between the parties.

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    Loan Cancellation Agreement - Tis Trade&Septima.20171215.Rev

    Uploaded by

    Ma. Angelica de Guzman
    781 views1 page
    This Loan Cancellation Agreement cancels a loan of CHF 543.65 from Septima Investment Limited to TIS Trade AG. The agreement releases TIS Trade AG from any obligations to repay the loan and acknowledges that no other inducements were provided. The agreement is governed by Swiss law and represents the entire agreement between the parties.

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    Sample loan cancellation agreement

    Original Title

    Loan Cancellation Agreement.tis Trade&Septima.20171215.Rev

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    This Loan Cancellation Agreement cancels a loan of CHF 543.65 from Septima Investment Limited to TIS Trade AG. The agreement releases TIS Trade AG from any obligations to repay the loan and acknowledges that no other inducements were provided. The agreement is governed by Swiss law and represents the entire agreement between the parties.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    781 views1 page

    Loan Cancellation Agreement - Tis Trade&Septima.20171215.Rev

    Uploaded by

    Ma. Angelica de Guzman
    This Loan Cancellation Agreement cancels a loan of CHF 543.65 from Septima Investment Limited to TIS Trade AG. The agreement releases TIS Trade AG from any obligations to repay the loan and acknowledges that no other inducements were provided. The agreement is governed by Swiss law and represents the entire agreement between the parties.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    LOAN CANCELLATION AGREEMENT

    This Loan Cancellation Agreement is entered into this 15th day of December 2017, by and between:

    SEPTIMA INVESTMENT LIMITED with registered addresses at 22 Stanley Street, 22/F Double
    Building, Central Hong Kong, herein referred to as the “Obligor” and

    TIS TRADE AG with registered address at Gewerbestrasse 5, 6330 Cham, Switzerland, herein referred to as
    the “Obligee”, collectively referred to as the “Parties”,

    WHEREAS, the Obligee has incurred indebtedness to the Obligor as set forth in the following summary:
    Loan to Septima Investment Limited: CHF 543.65

    WHEREAS, the parties have mutually agreed to cancel and forgive the indebtedness based on the mutual
    understanding between the parties that the Obligor may take such loan forgiveness of the indebtedness into
    account when making future decisions relating to the Obligee;

    NOW THEREFORE, the undersigned parties to this Agreement hereby mutually agree to all of the following:

    1. COMPLETE RELEASE BY THE COMPANY. As of the signing of this Agreement, the Obligor irrevocably
    and unconditionally releases, acquits and forever discharges the Obligee, his heirs, assigns, and any successors
    to his interest, from any and all known or unknown claims, charges, promises, actions, or similar rights that the
    Obligor presently may have (“claims”) relating in any way to its rights to collect the indebtedness. The Obligor
    understands that the claims that it is releasing might arise under many different laws (including statutes,
    regulations, other administrative guidance, and common law doctrines), and include without limitation claims
    such as breach of contract, implied contract, promissory estoppel, or claims under local statute, law or
    ordinance.

    2. NO OTHER INDUCEMENTS OR RECOURSE. The Obligee acknowledges that no promise not expressed
    in this Agreement has been made to the Obligee, and that Obligee shall have no claims or other recourse now
    or forever against the Obligor with respect to this Agreement.

    3. GOVERNING LAW. This Agreement shall be governed by the laws of Switzerland.

    4. SEVERALITY. If any provision in this Agreement is found to be unenforceable, all other provisions will
    remain fully enforceable.

    5. ENTIRE AGREEMENT. This Agreement represents the entire agreement between the parties and may not
    be changed unless both parties agreed to it in writing. This Agreement may be executed in counterparts, each
    of which shall be an original, but all of which together shall constitute one and the same instrument.

    WHEREFORE, the undersigned parties to this Agreement have agreed to the foregoing as of the date first
    above written.

    OBLIGOR: OBLIGEE:

    ------------------------------------------------------- -----------------------------------------
    For SEPTIMA INVESTMENT LIMITED For TIS TRADE AG

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