Re: Assignment Agreement
Exhibit 10.7
June 9, 2010
RZ Acquisition Corp.
000 Xxxxxx Xxxxxx
Xxxxx 000
Xxx Xxxx, XX 00000
Attention: Xxxxxxx X. Xxxxx,
Chief Executive Officer
000 Xxxxxx Xxxxxx
Xxxxx 000
Xxx Xxxx, XX 00000
Attention: Xxxxxxx X. Xxxxx,
Chief Executive Officer
Xx. Xxxxx,
On June 6, 2010, under the terms of a Peaceful Possession Agreement (the “Peaceful Possession
Agreement”), we received possession of all of the assets (the “Assets”) of RootZoo Inc., a Delaware
corporation (“Rootzoo”). The Peaceful Possession Agreement was executed and the Assets were turned
over to us by Rootzoo due to their default under the terms of a secured promissory note and
security agreement which protected certain monies advanced by us to Rootzoo. By the terms of this
letter agreement and as one of our subsidiaries, we hereby assign to you all of the Assets.
| ECLIPS MEDIA TECHNOLOGIES, INC. |
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| By: | /s/ Xxxxxxx X. Xxxxx | |||
| Xxxxxxx X. Xxxxx, | ||||
| Chief Executive Officer | ||||
| AGREED TO AND ACCEPTED RZ ACQUISITION CORP. |
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By:
|
/s/ Xxxxxxx X. Xxxxx | |||
| Xxxxxxx X. Xxxxx, Chief Executive Officer | ||||
