SUNVESTA, INC.
DEBT SETTLEMENT AGREEMENT
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<TYPE>EX-10
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<FILENAME>exhibit10.htm
<DESCRIPTION>DEBT SETTLEMENT AGREEMENT
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<P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="RIGHT"><I><FONT STYLE="FONT-SIZE:11.0PT;">Exhibit
 10</FONT></I></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="CENTER"><B>DEBT SETTLEMENT AGREEMENT</B></P>
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 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; FONT-FAMILY:'COURIER'; TEXT-INDENT:0PX; MARGIN-LEFT:0IN;FONT-SIZE:12.0PT;" ALIGN="JUSTIFY"><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">This
 Debt Settlement </FONT><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">Agreement</FONT>
 <FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">(this &#147;Agreement&#148;)</FONT>
 <FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">is made on April 21</FONT><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">,
 200</FONT><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">9</FONT>
 <FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">between Zypam, Ltd., a company formed in </FONT><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">Belize</FONT>
 <FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">with offices located at Jasmine Court 35a, Regent Street, Belize City,
 Belize</FONT> <FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">(&#147;</FONT><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">Creditor</FONT><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">&#148;)</FONT>
 <FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">and SunVesta, Inc.</FONT><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">,
 a </FONT><FONT STYLE="FONT-SIZE:11PT;FONT-FAMILY:'TIMES NEW ROMAN';">Florida corporation with offices located at 97 Seestrasse,
 CH-8942 Oberrieden, Switzerland (&#147;Debtor&#148;).</FONT></P>
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 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="CENTER"><FONT STYLE="FONT-SIZE:11.0PT;">SECTION
 ONE<BR> ACKNOWLEDGEMENT OF EXISTING OBLIGATION<BR>&nbsp; </FONT></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="JUSTIFY"><FONT STYLE="FONT-SIZE:11.0PT;">The
 parties acknowledge that Debtor is at present indebted to Creditor in the sum of</FONT><FONT STYLE="FONT-SIZE:11.0PT;">  two million
 seven hundred thousand Swiss Francs (2,700,000 CHF) or two million, three hundred and seventeen thousand, seven hundred and fifty six
 United States Dollars (US</FONT> <FONT STYLE="FONT-SIZE:11.0PT;"><A NAME=OLE_LINK3>$</A></FONT><FONT STYLE="FONT-SIZE:11.0PT;">2,317,756)</FONT>
 <FONT STYLE="FONT-SIZE:11.0PT;">due to loans provided by Creditor to Debtor.<BR>&nbsp; </FONT></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="CENTER"><FONT STYLE="FONT-SIZE:11.0PT;">SECTION
 TWO<BR> AGREEMENT FOR DIFFERENT METHOD OF PAYMENT</FONT></P>
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 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="JUSTIFY"><FONT STYLE="FONT-SIZE:11.0PT;">Debtor
 and Creditor desire and agree to provide for the payment of the above-stated indebtedness in accordance with terms and provisions
 different from, and in substitution of, the terms and obligations of loan repayment as described in Section One above.<BR>&nbsp; </FONT></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="CENTER"><FONT STYLE="FONT-SIZE:11.0PT;">SECTION
 THREE<BR> CONSIDERATION<BR>&nbsp; </FONT></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="JUSTIFY"><FONT STYLE="FONT-SIZE:11.0PT;">In
 consideration of the mutual promises contained in this Agreement, Debtor and Creditor agree as follows:<BR>&nbsp; <BR> </FONT></P>
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<TD VALIGN=TOP><P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT;FONT-SIZE:11.0PT;"><I><FONT STYLE="FONT-FAMILY:'TIMES NEW ROMAN';">a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></I></P></TD>
<TD VALIGN=TOP> <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT;MARGIN-LEFT:0IN;" ALIGN="JUSTIFY"><I><FONT STYLE="FONT-SIZE:11.0PT;">Method of Payment: </FONT></I><FONT STYLE="FONT-SIZE:11.0PT;">Debtor agrees to pay to Creditor and Creditor agrees to accept from Debtor, in full satisfaction of </FONT><FONT STYLE="FONT-SIZE:11.0PT;">US </FONT><FONT STYLE="FONT-SIZE:11.0PT;">$</FONT><FONT STYLE="FONT-SIZE:11.0PT;">2,317,756</FONT> <FONT STYLE="FONT-SIZE:11.0PT;">of the indebtedness described in Section One, above, </FONT>
<FONT STYLE="FONT-SIZE:11.0PT;">seven million, seven hundred and twenty five thousand, eight hundred and fifty four (7,725,854)</FONT> <FONT STYLE="FONT-SIZE:11.0PT;">shares of Debtor&#146;s common stock, valued at </FONT><FONT STYLE="FONT-SIZE:11.0PT;">US $0</FONT><FONT STYLE="FONT-SIZE:11.0PT;">.</FONT><FONT STYLE="FONT-SIZE:11.0PT;">30</FONT> <FONT STYLE="FONT-SIZE:11.0PT;">a share, as consideration for the debt owed to Creditor due to loans provided by Creditor to Debtor.</FONT></P></TD>
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<TD VALIGN=TOP><P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT;FONT-SIZE:11.0PT;"><I><FONT STYLE="FONT-FAMILY:'TIMES NEW ROMAN';">b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></I></P></TD>
<TD VALIGN=TOP><I><FONT STYLE="FONT-SIZE:11.0PT;">Satisfaction:</FONT></I> <FONT STYLE="FONT-SIZE:11.0PT;">On execution of this Agreement and Debtor&#146;s board of directors resolution authorizing the issuance of </FONT><FONT STYLE="FONT-SIZE:11.0PT;">7,725,854 </FONT><FONT STYLE="FONT-SIZE:11.0PT;">shares of Debtor&#146;s common stock to Creditor provided for in Section Three (a) above, the original indebtedness of Debtor to Creditor, as described in Section One, above, will be forever cancelled and discharged.</FONT></TD>
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 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="JUSTIFY"><FONT STYLE="FONT-SIZE:11.0PT;">In
 witness whereof, the parties have executed this Agreement </FONT><FONT STYLE="FONT-SIZE:11.0PT;">in </FONT><FONT STYLE="FONT-SIZE:11.0PT;">Oberrieden</FONT><FONT STYLE="FONT-SIZE:11.0PT;">,
 Switzerland</FONT> <FONT STYLE="FONT-SIZE:11.0PT;">on the date first mentioned above.<BR>&nbsp; </FONT></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="JUSTIFY"><B><FONT STYLE="FONT-SIZE:11.0PT;">SunVesta,
 Inc.<BR>&nbsp; </FONT></B></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="JUSTIFY"><U><FONT STYLE="FONT-SIZE:11.0PT;">/s/
 Josef Mettler</FONT></U></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="JUSTIFY"><FONT STYLE="FONT-SIZE:11.0PT;">By: </FONT><FONT STYLE="FONT-SIZE:11.0PT;">Josef
 Mettler</FONT><FONT STYLE="FONT-SIZE:11.0PT;">, Chief Executive Officer<BR>&nbsp; </FONT></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="JUSTIFY"><B><FONT STYLE="FONT-SIZE:11.0PT;">Zypam
 Ltd.</FONT></B><BR>&nbsp; </P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="LEFT"><U><FONT STYLE="FONT-SIZE:11.0PT;">/s/
 Oliver Schmidt</FONT></U></P>
 <P STYLE="MARGIN-BOTTOM:0PT; MARGIN-TOP:0PT; TEXT-INDENT:0PX;MARGIN-LEFT:0.0IN;" ALIGN="LEFT"><FONT STYLE="FONT-SIZE:11.0PT;">By: </FONT><FONT STYLE="FONT-SIZE:11.0PT;">Oliver
 Schmidt</FONT><FONT STYLE="FONT-SIZE:11.0PT;">, Di</FONT><FONT STYLE="FONT-SIZE:11.0PT;">rector</FONT></P>

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