EXHIBIT 10.6
ASSIGNMENT AND ASSUMPTION OF EMPLOYMENT AGREEMENTS
This assignment and assumption of employment agreements (the
"ASSIGNMENT") is made and entered into as of April 1, 2004 (the "EFFECTIVE
DATE"), by and between Splinex LLC., a Florida limited liability company
("ASSIGNOR"), and Splinex Technology Inc., a Delaware corporation ("ASSIGNEE").
W I T N E S S E T H:
WHEREAS, Assignor entered into employment agreements with the persons
listed on SCHEDULE 1 hereto (collectively, the "AGREEMENTS"); and
WHEREAS, Assignor desires to assign, transfer, set over and deliver to
Assignee all of Assignor's right, title and interest in and to the Agreements.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Assignor and Assignee agree as
follows:
1. Assignor does hereby assign, transfer, set over and deliver unto
Assignee all of the Assignor's right, title and interest in and to the
Agreements.
2. Effective as of the Effective Date, Assignee hereby assumes all
rights, duties, benefits and obligations under the Agreements.
3. This Assignment will be construed in accordance with, and be
governed by, the laws of the State of Florida.
4. This Assignment may be executed in counterparts, each of which will
be deemed to be an original but all of which shall together constitute one and
the same instrument. Delivery of an executed counterpart of a signature page to
this Assignment by facsimile transmission shall be effective delivery of a
manually executed counterpart of this Assignment.
(signature page to follow)
IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment
to be duly executed as of the date first above written.
SPLINEX LLC
By: /s/ Xxxxx Xxxxx
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Name: Xxxxx Xxxxx
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Title: Manager
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SPLINEX TECHNOLOGY INC.
By: /s/ Xxxxx Xxxxx
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Name: Xxxxx Xxxxx
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Title: President
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