Exhibit 3.3
AGREEMENT FOR PURCHASE AND SALE OF STOCK AND ALL
INTEREST IN ASI GROUP, LLC, A NEVADA CORPORATION
Whereas Sunbelt Communications is the owner of 48 units of Interest of
ASI Group, LLC for which Sunbelt paid the sum of $1,200,000 in September 1998,
and
Whereas Xxxxx Xxxxxx is the owner of 48 units of interest in ASI Group,
LLC, and
Whereas the sole asset of ASI Group, LLC is stock ownership in Sports
Entertainment Enterprises, Inc., and
Whereas the value of the Investments of ASI have been valueless, and
Whereas Sunbelt Communications no longer believes it to be in its best
interest to be a shareholder of ASI, Sunbelt Communications believing that
ASI's future economic conditions are not favorable, and
Whereas Xxxxx Xxxxxx understanding the fact that Sunbelt's interest in
ASI has little or no value
Now, therefore, Sunbelt sells and Xxxxx Xxxxxx hereby buys for the sum of
$10,000 (ten thousand dollars) all of the units of interest in ASI owned by
Sunbelt. Xxxxx Xxxxxx understanding that said stock has been pledged to CIT
for debts of Sunbelt, but which debts are secured by all of the assets of
Sunbelt, which assets Sunbelt represent far exceed the debts owed CIT by
Sunbelt.
In the event at any time hereafter, Sunbelt's pledge of its stock in ASI
damages Xxxxx Xxxxxx then, and in that event, Xxxxx Xxxxxx'x sole remedy for
such damage shall be a payment by Sunbelt to Agassi in the sum of $10,000 (ten
thousand dollars).
/s/ Xxxxx X. Xxxxxx /s/ Xxxxx Xxxxxx
-------------------------------------- ---------------------------------
Sunbelt Communications Xxxxx Xxxxxx
State of Nevada ) State of Nevada )
) ss. ) ss.
County of Xxxxx ) County of Xxxxx )
On December 5, 0000, Xxxxx X. Xxxxxx Xx December 6, 2000, Xxxxx Xxxxxx,
personally appeared before me, a personally appeared before me, a
Notary Public, who acknowledged that Notary Public, who acknowledged that
he executed the above instrument he executed the above instrument
[ NOTARY SEAL ] /s/ [ NOTARY SEAL ] /s/
