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Debt Assignment Agreement Overview by Mazen Kishtban is a document available to read on EtoBox.

What is Debt Assignment Agreement Overview about?

This document summarizes an agreement between Communicate.com Inc. (the Assignee), Pacific Capital Markets Inc. (the Assignor), and Domain Holdings Inc. (the Debtor). The Assignor assigns its right to collect a $122,500 debt from the Debtor to the Assignee. In exchange, the Assignee restructures a $400,000 promissory note to the Assignor from a demand note to a 12-month term note. The Assignee also issues 2 million warrants to the Assignor to purchase its shares. The Debtor consents to the assignment of the

Author

Mazen Kishtban

Language

EN