June 12, 2000
DOMAIN NAME PURCHASE AGREEMENT
Between
H. Page Xxxx and
Internet Properties Development, Inc.
This letter is an agreement between Internet Properties Development, Inc. (the
"Buyer"), a wholly owned subsidiary of XxxxXxx.xxx, Inc., a Nevada Corporation,
and H. Page Xxxx (the "Seller"), regarding the transfer and sale of the Internet
domain names and their corresponding Internet and Intellectual assets described
in Exhibit "A".
The agreed terms and points of the sale are as follows:
1. In consideration of the transfer of the domain the Buyer will; pay
the Seller $25,000 Twenty-five & none within 30 (thirty) days of
today's date, following a reasonable period of due diligence.
2. In the event of the Sale of any of the Assets purchased in this
transaction (Exhibit "A"), issue the Seller a BONUS PAYMENT(S)
equal to 25% (twenty-five percent) of the Sale proceeds.
3. In the event of a re-capitalization of any of the Assets purchased
in this transaction (Exhibit "A"), issue the Seller a BONUS
PAYMENT(S) equal to 25% (twenty-five percent) of the property's
re-capitalization valuation.
Buyer:
/s/ Xxxxxxx Xxxxx
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Internet Properties Development, Inc.
Xxxxxxx Xxxxx, President
Seller:
/s/ H. Page Xxxx
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X.XXXX XXXX
