ASSIGNMENT
THIS AGREEMENT, made on the day of February, 2001, between:
Xxxx Xxxx located at ("ASSIGNOR")
and
Xxxxxx Xxxxxxxx located at ("ASSIGNEE")
RECITALS:
A. ASSIGNOR presently is the purchaser of shares of Hypermedia Communications
Inc. pursuant to the Private Stock and Debt Purchase Agreement ("Agreement")
dated February 9, 2001 for the purchase of 2,144,822 issued and outstanding
common shares and 8,483,391 issued and outstanding preferred shares as well
approximately $7,914,192 in debt instruments. B. ASSIGNOR desires to assign to
ASSIGNEE such all of the interest in the shares and purchaser of the debt under
the Agreement in consideration for ASSIGNEE paying the purchase price of $76,173
under the Agreement.
THEREFORE, IN CONSIDERATION OF THE PREMISES AND THE MUTUAL AGREEMENTS
HEREINAFTER SET FORTH BY AND BETWEEN THE PARTIES, IT IS AGREED AS FOLLOWS:
1.0 ASSIGNMENT. ASSIGNOR AGREES TO ASSIGN ALL OF ITS RIGHTS, TITLE AND
INTEREST IN ITS INTEREST IN THE AGREEMENT. IN CONSIDERATION THEREOF, ASSIGNEE
shall fund the full amount of $76,173 under the terms of the Agreement.
2.0 AMENDMENTS. No amendments or additions to this Agreement shall be
binding unless in writing, signed by both parties, except as herein otherwise
provided.
3.0 APPLICABLE LAW. This Agreement shall be governed in all respects,
whether as to validity, construction, capacity, performance or
otherwise, by the laws of the State of Florida.
4.0 SEVERABILITY. The invalidity or unenforceability of any provision in
this Agreement shall not in any way affect the validity or enforceability of any
other provision and this Agreement shall be construed in all respects as if such
invalid or unenforceable provision had never been in the Agreement.
5.0 NOTICES. Any and all notices required hereunder shall be deemed
delivered personally or if mailed by registered or certified mail tot he partes
at the addresses mentioned above, or at such other address or addresses as
either party may hereinafter designate in writing to the other.
6.0 ENTIRE AGREEMENT. This instrument contains the entire Agreement between
the parties and supersedes and replaces any and all agreements,
written or oral, made at any time between the parties. IN WITNESS WHEREOF, the
parties have duly executed this Agreement as of the day and year first above
written. WITNESS:
/s/ Xxxx Xxxx
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XXXX XXXX
WITNESS:
/s/ Xxxxxx Xxxxxxxx
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XXXXXX XXXXXXXX
