Exhibit 10.3
NEW YORK MUSIC EXPO, INC.
000 Xxxxxxxxxx Xxxxxx
Xxxxxxxx, Xxx Xxxxxx 00000
January 3, 2000
Xxxx-Xxxxx.xxx, Inc.
000 Xxxxxxxx, Xxxxx 0000
Xxx Xxxx, Xxx Xxxx 00000
Re: Purchase Agreement
Gentlemen:
Xxxxxx Xxxxxxxxx ("Xxxxxxxxx") is the sole stockholder and the President
of New York Music Expo, Inc., a New Jersey corporation (the "Company"), which
operates a business promoting music and internet conferences and expositions in
New York, San Francisco and in other cities (the "Expos"). Pursuant to a
Purchase Agreement dated January 3, 2000 (the "Purchase Agreement"), Xxxxxxxxx
sold to Xxxx-Xxxxx.xxx, Inc. ("SITI"), among other things, all of the assets and
certain of the liabilities of the Expos.
The Company hereby agrees to be bound by the terms and provisions of the
Purchase Agreement, including, without limitation, all representations and
warranties made by Xxxxxxxxx, to the extent they relate to the Expos, and hereby
confirms that it has sold, assigned and transferred the Expos as an ongoing
business to SITI, including, without limitation, all of their assets,
properties, contracts, client, artist and sponsor lists, archives, inventories,
banners, equipment, databases, website and related software, records and other
properties and assets in any form, subject only to existing liabilities set
forth on the balance sheet attached to the Purchase Agreement.
This letter shall be governed by, construed and enforced in accordance
with the laws of New York.
NEW YORK MUSIC EXPO, INC.
By: /s/ Xxxxxx Xxxxxxxxx
------------------------------
Name: Xxxxxx Xxxxxxxxx
Title: President
