DEBT EXTINGUISHMENT AGREEMENT
THIS DEBT EXTINGUISHMENT AGREEMENT (this “ Agreement ” ) is made effective as of the 2nd day of October 2009, by and between The Loev Law Firm, PC (“ Creditor ”) and RX Scripted, Inc. (the “ Company ”), each a “ Party ” and collectively the “ Parties. ”
NOW, THEREFORE , in consideration of the mutual agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties do hereby agree as follows:
1. Debt Forgiveness and Note Extinguishment .
The Creditor agrees to forgive the entire amount of the Debt (the “ Forgiveness ”), forever extinguish the Note, and forgive the Legal Fees and any obligations owing to Creditor in connection with such Note or Legal Fees (the “ Extinguishment ”) in consideration for $10 and other good and valuable consideration from the Company, which funds the Creditor agrees to accept in consideration for full and complete satisfaction of the Note, the Legal Fees and the Debt.