EXHIBIT 10.9 (h)
ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Agreement") is entered into
this 1st day of November 2002 by and between Ledger Technologies Pty Ltd,
(A.C.N. 085 887 921) of Xxxxxxxx Xxxxx Xxxx Xx. Xxxxx, Xxxxxxxx 0000, Xxxxxxxxx
("Assignor") and Cohero Group, Inc., of 000 0xx Xxxxxx 0xx Xxxxx, Xxx Xxxx, XX
00000, ("Assignee").
Pursuant to the terms of this Agreement, in exchange for the
satisfaction of $152,084 (USD) of oblications owed by Assignor to Assignee in
connection with the loan arrangements reached in February 2002, , Assignor
hereby assigns, conveys, transfers and delivers all of its right, title and
interest in and to $152,084 (USD) that remains of the certain Promissory Note
(Loan Agreement) dated November 8, 2000 (the "Loan") due from I.T. Technology,
Inc., a Delaware corporation (the "Obligor") to Assignor (the "Note Assignment")
In connection with and limited to the Note Assignment, Assignee hereby
agrees to assume all of Assignor's obligations under that certain Loan Agreement
dated November 8, 2000 between the Assignor and the Obligor.
IN WITNESS WHEREOF, Assignor, Assignee and the Obligor have duly
executed this Assignment and Assumption Agreement as of the date first above
written.
LEDGER TECHNOLOGIES PTY LTD
By: /s/Xxxx Xxxxxxx
Name: Xxxx Xxxxxxx
Title: Director
COHERO GROUP, INC.
By: /s/ Xxxxxx Xxxxxxx
Name: Xxxxxx Xxxxxxx
Title: Managing Director
.
AGREED TO AND ACCEPTED
THIS 4th DAY OF NOVEMBER 2002
I.T. TECHNOLOGY, INC.
By: /s/ Yam-Hin Tan
Name: Yam-Hin Tan
Title: Chief Financial Officer
