EXHIBIT 10.2
AGREEMENT OF ASSIGNMENT OF
PURCHASE AGREEMENT FOR SALE OF ASSETS
ADDENDUM
This Agreement made as of the 20th day of April 1998, between Baja Pro
Racing Series, S.A. de C.V., ("BPRS"), a Mexican Corporation and NetRom,
Inc., ("NI"), a California Corporation is hereby agreed as follows:
WHEREAS, "BPRS" is purchasing from Tri-National Development Corp.,("TND"),
upon certain terms and subject to certain conditions as stated in their
April 29th, 1997 Agreement, the properties of "TND" described therein and
whereas Xxxx Xxxxxx as President of "BPRS" desires the right to assign the
said agreement to ("NI") and ("NI") is willing to accept said assignment,
subject to the same mutual covenants, agreements, representations and
warranties contained in that Agreement, the parties agree as follows;
Xxxx Xxxxxx will assign the April 29th, 1997 agreement to
("NI") subject to the approval of "TND". The assignee,
("NI") is a corporation duly organized, validly existing,
and in good standing under the laws of the State of
California and has all necessary corporate powers to own and
sell its properties and carry on its business as now owned
and operated by it and is in good standing in California.
Additionally, the assignee will execute new agreements with
("TND") as presented and will pay $1.00 as full
consideration for this assignment. ("BPRS") hereby accepts
the $1.00 as full consideration for its interests in the
April 29, 1997 agreement and both parties heretofore will
hold each other harmless relative to this agreement.
This assignment to take affect upon the signing by all parties
identified below by no later than April 28, 1998. IN WITNESS WHEREOF,
the parties to this Agreement have duly executed it on the day and
year first above written.
"BPRS" Att: Xx. Xxxx Xxxxxx, President _________________________________
Baja Pro Racing Series, S.A. de C.V.
Calle Delante #302
Bahai de Ensenada
Xxxxxxxx, Xxxx, Xxxxxxxxxx, Xxxxxx 00000
"NI" Att: Xxxxxx Xxxxxx, President ________________________________
NetRom, Inc.
000 Xxxxx Xxx.
Xxx Xxxxx, Xxxxxxxxxx 00000
The assignment is hereby approved on behalf of Tri-National Development
Corp.
"TND" Att: Xx. Xxxxxxx Xxxxxxxx. President _______________________________
Tri-National Development Corp.
000 Xxxxxx xxx Xxx Xxxxx #000
Xxx Xxxxx, Xxxxxxxxxx 00000