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EXHIBIT 10.22
BILL OF SALE
FOR GOOD CONSIDERATION of Ten ($10.00) and other good an valuable
considerations, the receipt and sufficiency of which is hereby acknowledged,
and the agreement to assume legal liability for and make all payments and
fulfill all obligations under a promissory note in the amount of $8,000.00 USD,
bearing interest at 0.0%, and being payable in twenty four (24) monthly
installments of $500.00 with the first installment being due on June 1, 1999,
payable to the order of XXXXXXX AUTO PARTS, P. O. BOX 470, SAN ANGELO, TEXAS
76902, the undersigned (Seller), hereby sells and transfers to Simpco, Inc., or
assigns, (Buyer), the following motor vehicle and personal property:
1977 WHITE #ZTPCH1004419 wire line truck
and all pertinent attachments
The Seller warrants it has good title to said property, full authority
to sell and transfer same, and that said property is sold free of all liens,
claims and encumbrances. Seller warrants it will defend and indemnify Buyer
from any adverse claims.
Signed under seal this 12th day of April, 1999.
BASIC TECHNOLOGIES, INC. SIMPCO, INC.,
By: /s/ XXXXX X. XXXXXX By: /s/ XXXXXXX X. XXXXX
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Xxxxx X. Xxxxxx Xxxxxxx X. Xxxxx
