EXHIBIT 10.151
ASSUMPTION AGREEMENT AND RELEASE OF LIABILITY
WITH NG MAN SUN DATED DECEMBER 29, 1995
ASSUMPTION AGREEMENT AND RELEASE OF LIABILITY
The undersigned corporation, NuOasis International, Inc., a California
corporation, hereby assumes all obligations on the part of Xxxx Xxxxxxx'x XX,
Inc. as Maker of that certain Secured Contingent Promissory Note in the
principal amount of $3,000,000 executed in favor of Ng Man Sun, doing business
as Dragon Sight International Amusement (Macau) Co. (the "Note"). The
undersigned agrees to be bound by all the terms, provisions, covenants and
conditions of the Note.
The undersigned agrees to pay all expenses (including attorneys' fees
and legal expenses) paid or incurred by Ng Man Sun, doing business as Dragon
Sight International Amusement (Macau) Co. in endeavoring to collect the Note, or
any part thereof, and in enforcing this Assumption Agreement.
If any provisions of this Assumption Agreement are in conflict with any
statute, rule or law, then such provisions shall be deemed null and void to the
extent of such conflict, but without invalidating any other provisions of this
Assumption Agreement.
December 29, 1995 NUOASIS INTERNATIONAL, INC.,
a California corporation
By: /s/ Xxxx X. Xxxx
----------------------------------
Xxxx X. Xxxx, President
The undersigned, Ng Man Sun, doing business as Dragon Sight
International Amusement (Macau) Co., releases Xxxx Xxxxxxx'x XX, Inc. from all
liability on the part of Xxxx Xxxxxxx'x XX, Inc. to be performed under the Note.
NG MAN SUN, doing business
as Dragon Sight
International Amusement
(Macau) Co.
/s/ Ng Man Sun
---------------------------------------
Ng Man Sun
[NUOINTL\AGR:NGNOTE.AGR]
