FORM OF DEBT PURCHASE AND ASSIGNMENT AGREEMENT
Exhibit 10.1
This Debt Purchase and Assignment Agreement (“Debt Purchase Agreement”) is made and entered into effective as of March 5, 2013 by and between Xxxxxxx Xxxxx (“Xxxxx”) and _____________ (“Purchaser”).
WHEREAS, Vidaroo Corporation is a corporation organized under the laws of the State of Nevada (“VIDA”) and is indebted to Xxxxx in the amount of $40,019.00 under a Promissory Note (the “Debt”) dated May 16, 2012; and
WHEREAS, Xxxxx warrants and represents that VIDA is indebted to him in the amount of $40,019.00; and
2. Consideration. Consideration to be paid to Xxxxx shall be a total of $500.00, which payment shall be due at such time as the shares underlying the Debt have been fully issued and cleared.
3. Consent to Assignment and Agreement to be Bound. VIDA hereby consents to the assignment of debt by Xxxxx to Purchaser and agrees to be bound by all the terms and conditions and obligations imposed upon it under the Debt.
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"Xxxxx": | "Purchaser": |
Xxxxxxx Xxxxx
By: |
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Name:
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Title: |
ACCEPTED, ACKNOWLEDGED AND APPROVED:
VIDAROO COROPRATION
By:
Xxxxxx Xxxxxxxx
Chief Executive Officer
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