ASSIGNMENT OF PURCHASE AND SALE AGREEMENT
This
Assignment of Purchase and Sale Agreement is executed as of the ______ day
of
____________, 2008, by and between MESSRS. XXXXXXX "BUDDY" XXXXXXX, XXXXXXX
XXXXX and XXXXX VELLARDIA (collectively "Assignor"),
in favor of OMNICOMM STUDIOS, LLC, a Florida limited liability company
("Assignee").
WHEREAS,
Assignor as the Buyer, entered into that certain Purchase and Sale Agreement
with DAKTRONICS, INC. dated effective March 6, 2008 (the "Purchase Agreement")
to purchase a portion of Lot 10 in XXXXX ICOT CENTER located in Pinellas County,
Florida, more particularly described in the Purchase Agreement (the "Property");
and
WHEREAS,
Assignor and Assignee have agreed that Assignor shall assign all of its right,
title and interest under, in and to said Purchase Agreement to Assignee,
including all rights to the Deposit (as defined in the Purchase Agreement which
is currently in the amount of $115,000.00); and
WHEREAS,
Assignor and Assignee have agreed that Assignee shall assume all of Assignor's
obligations as Buyer under the Purchase Agreement, including, without
limitation, payment in full of the Purchase Price which is in the amount of
$2,695,000 and all of Buyer's closing expenses thereunder;
NOW
THEREFORE, in consideration of Ten Dollars ($10.00) paid by Assignee to
Assignor, the receipt whereof is acknowledged:
1. Assignor
does hereby assign unto Assignee all of Assignor's right, title and interest
under, in and to that certain Purchase Agreement described above.
2. Assignee
does hereby assume all of Assignor's obligations as Buyer under the Purchase
Agreement, including, without limitation, payment in full of the Purchase Price
and all of Buyer's closing expenses thereunder.
3. This
document may be executed in multiple original counterparts.
In
witness whereof, the undersigned have executed this agreement as of the date
first set forth above.
ASSIGNEE:
OMNICOMM
STUDIOS, LLC,
a
Florida
limited liability company
By:
___________________________________
Its:
___________________________________
ASSIGNOR:
______________________________________
Xxxxxxx
"Buddy" Xxxxxxx
______________________________________
Xxxxxxx
Xxxxx
______________________________________
Xxxxx
Vellardia
Agreed
and consented to this ____ day
of
July,
2008.
DAKTRONICS,
INC.
By:
___________________________________
Its:
___________________________________
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