Contract between Zvi and
Xxxxx Xxxxx. and
Fidelity Holdings, Inc.
10.6
THIS INDENTURE made in duplicate this 18th day of April, 1996 BETWEEN
FIDELITY HOLDINGS, INC. and
786710 ONTARIO LIMITED
collectively
hereinafter called the Seller OF THE
FIRST PART, and
XXX XXXXX and XXXXX XXXXX,
collectively
hereinafter called the Buyer OF THE
SECOND PART.
WHEREAS the Seller is possessed of the goods hereinafter set forth, and has
contracted and greed with the Buyer for the absolute Sale to him thereof, for
the consideration hereinafter mentioned:
NOW THEREFORE THIS INDENTURE WITNESSETH, that in pursuance of the said
Agreement, and in consideration of the sum of ---------------------- TEN
($10.00) --------------------- Dollars of lawful money of Canada, paid by the
Buyer to the Seller at or before the sealing and delivery of this Indenture (the
receipt whereof is hereby acknowledged), the Seller does bargain, sell, assign,
transfer and set over unto the said Puyer
ALL THOSE goods, namely;
All interest, right and title in and to the trademark BCS Software, presently
registered in Canada and all software, modules, applications and modifications
and all hardware signatures with respect thereto and all interest, right and
title in and to the trademark Infosystems and all software, modules,
applications and modifications and all hardware signatures with respect thereto.
It is acknowledged that this Xxxx of Sale is provided as a security document
pursuant to a Pledge and Security Agreement made as of the 18th day of April,
1996 between Fidelity Holdings, Inc. and 786710 Ontario Umi xxx and Xxx Xxxxx
and Xxxxx Xxxxx and is intended to be enforced in the event of a Default
occurring under such Pledge and Security Agreement. 'nis Xxxx of Sale shall
include all trademark rights and patent rights registered, filed or claimed in
respect of the trademark refereed to above anywhere in the world at the time of
the enforcement of the Xxxx of Sale by the Buyer in accordance with the
provisions of the Pledge and Security Agreement referred to above.
Attached hereto and made a part of this Xxxx and Sale is an Assigament executed
by the Seller in respect of the Canadian trademark rights to the trademark
referred to above.
all of which goods, being in the possession of the Seller and located at
0000 Xxxxx Xxxxxx Xxxx, Xxxxx 000
Xxxxxxx, Xxxxxxx; and
000-00 Xxxxx Xxxxxxxx
Xxxxxxxx, Xxx Xxxx
X.X.X.
AND all the right, title, interest, property, claim and demand whatsoever of the
Seller of, in, to, and out of the same, and every part thereof.
TO HOLD the said goods and every part thereof, and all the right, title and
interest of the Seller therein and thereto, unto and to the use of the Buyer.
AND the Seller does hereby, covenant, promise and agree with the Buyer: THAT the
Seller is now rightfully and absolutely possessed of and entitled to the said
goods and every part thereof; AND that the Seller now has good right to assign
the same unto the Buyer, and according to the true intent and meaning of this
Indenture; AND that the Buyer, shall and may from time to time, and at all times
hereafter, peaceably and quietly have, hold, possess, and enjoy the said goods
and every part thereof, to and for his own use and benefit, without any manner
of hindrance, interruption, molestation, claim or demand whatsoever of, from or
by the Seller or any person or persons whomsoever; AND that the said goods are
free and clear from all encumbrances; AND that the Buyer shall be absolutely
released and discharged, or otherwise, at the cost of the Seller, from all
former and other bargains, sales, gifts, grants, charges and encumbrances
affecting the said goods, and the Seller hereby indemnifies the Buyer with
respect thereto;
AND, that the Seller and all persons rightfully claiming, or to claim any
estate, right, title or interest of, in, or to the said goods and every part
thereof, shall and will from time to time, and at all times hereafter upon every
reasonable request of the Buyer, but at the cost and charges of the Buyer make,
do and execute, or cause or procure to be made, done and executed, all such
further acts, deeds and assurances for the more effectually assigning and
assuring the said goods unto the Buyer, in manner aforesaid, and according to
the true intent and meaning of this Indenture, as by the Buyer, or his Counsel
in the law shall be reasonably advised or required.
IT IS AGREED that this Indenture and everything herein contained shall enure to
the benefit of and be binding upon the executors, administrators and assigns or
successors and assigns of the parties hereto respectively.
IT IS FURTHER AGREED that wherever the singular and masculine are used
throughout this Indenture, they shall be construed as if the plural or the
feminine or the neuter had been used, where the context or the party or parties
hereto so require, and the rest of the sentence shall be construed as if the
grammatical and terminological changes thereby rendered necessary had been made.
IN WITNESS WHEREOF, the Seller has executed this Indenture
this 18th 1996 day of April
SIGNED, SEALED AND DELIVERED
In the presence of
FIDELITY HOLDINGS, INC.
Per: /s/ Xxxxx Xxxxx C/S
------------------------
Xxxxx Xxxxx
786710 ONTARIO LIMITED
Per: /s/ Xxxxx Xxxxx C/S
------------------------
Xxxxx Xxxxx
A S S I G N M E N T
KNOW ALL MEN BY THESE PRESENTS that 786710 ONTARIO LIMITED, a
corporation incorporated pursuant to the laws of the Province of Ontario, having
a principal office and place of business in the Municipality of Metropolitan
Toronto, Province of Ontario (hereinafter called the "Assignor") in
consideration paid to it by Xxx Xxxxx and Xxxxx Xxxxx, c/o Messrs. Grubner,
Krauss, Barristers & Solicitors, 0000 Xxxxx Xxxxxx, Xxxxx 0000, Xxxxx Xxxx,
Xxxxxxx X0X 0X0 (hereinafter called the Assignee"), the receipt whereof is
hereby acknowledged, has agreed to sell, assign and transfer and does hereby
sell, assign and transfer unto the said Assignee all of its right, title and
interest in and to the trade xxxx "BCS Software" duly registered in the Canadian
Trade Marks Office under Number 309,483 -525,690 on ___________
The Assignee hereby appoints Xxxxxxxx Xxxxxxx Xxxxx whose full post
office address in Canada is 0000 Xxxxx Xxxxxx, Xxxxx 0000, Xxxxx Xxxx, Xxxxxxx,
X0X 0X0, as the person or firm to whom any notice of its registration may be
sent, and upon him service of any proceedings in respect of the said
registration may be given or served with the same effect as if they had been
given to or served upon it.
IN WITNESS WHEREOF the parties have hereunto affixed their
corporate seals under the names of the proper officers to be authorized in that
behalf as of this 18th day of April, 1996.
786710 ONTARIO LIMITED
Per: /s/ Xxxxx Xxxxx C/S
------------------------
Xxxxx Xxxxx
________________________
XXX XXXXX
________________________
XXXXX XXXXX