List A) Asset Purchase Agreement Seller: ACHI, Inc. f/k/a American Capital Holdings, Inc.) FedID. No. 300188047 Buyer: American Capital Holdings, Inc. (f/k/a USA SportsNet Company) February 29, 2004
(List A)
Asset Purchase Agreement
Seller: ACHI, Inc. f/k/a American Capital Holdings, Inc.) FedID. No. 300188047
Buyer: American Capital Holdings, Inc. (f/k/a USA SportsNet Company)
February 29, 2004
Assets
Exhibit No.
1 Cash $ 25,739.12
Money Market Account $5,243.74
Operating Account $20,495.38
2 Notes Receivable $ 0.00
3 Marketable Securities Cost (ECEC) $ 234,071.31
4 Restricted Securities Cost $ 5,366,037.40
5 Xxxxxxxxx Acquisition Cost $10,466,756.64
6 Inventory (Mesh Invoice No. 269-PF) $ 98,705.00
7 American Capital Name & Marketing Materials $ 42,186.91
8 American Capital 506 Reg. D Offering $ 14,770.00
9 Ibbotson & Associates Research Material & Charts $ 10,000.00
10 Global Hosting Center, Inc./Xxxxx Xxxxxxx Equipment Purchase $ 47,423.50
11 Prepaid Expenses $ 23,740.00
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Total Assets $16,329,429.88
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Exhibit No. Less
12 Promissory Notes $ 1,005,000.00
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Total Liabilities $ 1,005,000.00
Total Acquisition Shares (See Attached USASN/ACH
Acquisition Agreement) 47,457,356 shares
Total Stockholders Equity $15,324,429.88
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Total Liabilities & Stockholders Equity $16,329,429.88
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