Abakan, Inc Watch

from 8-K 7 pages Satisfaction and Assignment Agreement This Satisfaction and Assignment Agreement (This “Agreement”) Is Made and Entered Into This 4th Day Recitals Whereas, Abakan and Mesocoat Owe at Least $1.78 Million to Secured Creditor George Town as Set Whereas, Abakan Owes at Least $3.215 Million to Senior Creditor Sonoro as Set Forth in a Judgment Duly Entered by the United States District Court for the Southern District of Florida on October 8, 2015; Whereas, Abakan Owes Approximately $850,000.00 to Eberhard Pursuant to Two Promissory Notes From Abakan to Eberhard; Whereas, Abakan Owes Approximately $357,209.00 in the Aggregate () to David Van Der Gulik, Warren Lydon, Philip Graves, Paul Ammon, Ammon & Associates, and Vladimir Chernyakov (Collectively, the “Abakan Petitioning Creditors”); Whereas, Mesocoat Owes Approximately $42,000.00 in the Aggregate (Together With The