AGREEMENT
This Agreement ("Agreement") is made and entered into as of April
19, 2011, by and among Xxx X. Xxxxxx ("PJH") and Reunion Sports
Group LLC ("Reunion").
WHEREAS on September 14, 2010 Reunion issued a Promissory Note
("Promissory Note") in the amount of Two Hundred Thousand dollars
($200,000.00) to Millennia, Inc. ("Millennia") due on January 28,
2011 ("Maturity Date"). Millennia in turn endorsed the note and
the attached collateral over to Xxx X. Xxxxxx with full recourse.
A true copy of the original promissory note is attached as
Exhibit A; and
WHEREAS on February 7, 2011 the due date of the Promissory Note
was extended to March 7, 2011; and
WHEREAS Reunion did not make the required payment on March 7,
2011 and acknowledges herewith being in default; and
WHEREAS Reunion wishes for PJH to accept the collateral attached
to the Note (36,500,000 shares of Millennia, Inc.) in full
satisfaction of the unpaid balance due on the note.
NOW THEREFORE for and in consideration of the premises and the
respective covenants, agreements and obligation hereinafter set
forth, PJH and Reunion do hereby agree as follows:
1. PJH hereby accepts the 36,500,000 shares of Millennia,
Inc. in full satisfaction of the unpaid balance due on the note.
2. The current Board of Directors of Millennia, Inc. shall
tender their resignations effective as of April 19, 2011 as
officers and directors of Millennia and prior to their
resignation appoint Xxx X. Xxxxxx to become the sole director
and President and Chief Executive Officer of Millennia.
3. Millennia's wholly owned subsidiary United League
Baseball, Inc. is hereby conveyed back to Reunion Sports Group
LLC who is assuming any and all liabilities said entity may have
incurred.
IN WITNESS WHEREOF, this Agreement was duly executed as of the
date set forth above.
Xxx X. Xxxxxx Reunion Sports Group LLC
/s/ Xxx X. Xxxxxx By: /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx - President
