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EXHIBIT 10.26
SALE OF RIGHTS
EFFECTIVE AS OF MAY 1, 1999
BETWEEN: CYBEROAD GAMING CORPORATION, a St. Kitts, West Indies corporation,
("CGC"); and
BETWEEN: XXXXXXXX.XXX (ISLE OF MAN) LIMITED, an Isle of Man corporation,
("Cyberoad IOM");
WHEREAS this agreement hereby acknowledges that:
a) CGC hereby agrees to sell and transfer 100% of it's capital
assets as set out in Schedule "A" attached, to Cyberoad IOM in
consideration for a total amount of U.S. $10.00, hereby
acknowledged as being accepted in full.
EXECUTION IN COUNTERPART
This agreement may be signed in counterpart, in as many counterparts as may be
necessary, each of which shall deemed to be an original, and shall constitute
one and the same agreement, and shall bear the date first written above.
AGREED TO AND ACKNOWLEDGED ON THE 1ST DAY OF MAY, 1999 BY:
CYBEROAD GAMING CORPORATION XXXXXXXX.XXX (ISLE OF MAN) LIMITED
/s/ XXXXXXXX XXXXXXX /s/ XXXX XXXXXX
---------------------------- ----------------------------------
Xxxxxxxx Xxxxxxx, Xxxx Xxxxxx,
Director Director
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SCHEDULE "A"
ASSETS
Assets Cyberoad Gaming Corporation included under this Sale of Assets consist of
the following as at April 30, 1999:
Computer Equipment (NBV) 104,690.86
Computer Software (NBV) 7,238.76
Leased Equipment (NBV) 18,092.18
Furniture and Fixtures (NBV) 4,148.41
Office Equipment (NBV) 9,458.04
Asset Total 143,628.25
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SALE OF RIGHTS
EFFECTIVE AS OF MAY 1, 1999
BETWEEN: CYBEROAD GAMING CORPORATION, a St. Kitts, corporation ("CGC"); and
BETWEEN: XXXXXXXX.XXX (ISLE OF MAN) LIMITED, an Isle of Man corporation,
("Cyberoad IOM"),
WHEREAS this agreement hereby acknowledges that:
a) CGC hereby agrees to sell and transfer 100% of it's capital
assets as set out in Schedule "A" attached, to Cyberoad IOM in
consideration for a total amount of U.S. $10.00, hereby
acknowledged as being received in full,
EXECUTION IN COUNTERPART
This instrument may be signed in counterpart, in as many counterparts as may be
necessary, each of which shall deemed to be an original, and each of which shall
constitute one and the same instrument, and shall bear the date first written
above.
ACKNOWLEDGED AND AGREED TO ON THE 18TH DAY OF OCTOBER, 1999 BY:
CYBEROAD GAMING CORPORATION XXXXXXXX.XXX (ISLE OF MAN) LIMITED
/s/ XXXXXXXX XXXXXXX /s/ XXXX XXXXXX
---------------------------- ----------------------------------
Xxxxxxxx Xxxxxxx, Xxxx Xxxxxx,
Director Director
