EXHIBIT 4.13
ASSET TRANSFER AGREEMENT
This Asset Transfer Agreement ("Agreement") dated this July 26, 2002 is made by
and between x.Xxxxxxx Corporation ("x.Xxxxxxx"), having it primary place of
business at 00000 Xxxxxxx Xxxxx Xxxxx Xxxxx, Xxx Xxxxx, XX 00000, and Xxxxx
Xxxxx and Xxxxxxx Xxxxxxxx ("Xxxxx/Xxxxxxxx"), whose primary contact address is
0000 Xxxxxxxx Xxx, Xxx Xxxxx, XX 00000, who are referred to jointly herein as
"Parties."
WHEREAS, x.Xxxxxxx wishes to launch a digital multimedia website; and
WHEREAS, Xxxxx/Xxxxxxxx have the rights to, or ownership of, certain tangible
and intangible assets (hereinafter "Assets") that x.Xxxxxxx deems potentially
valuable to its proposed digital multimedia website; and
WHEREAS, x.Xxxxxxx desires to acquire those Assets from Xxxxx/Xxxxxxxx and
Xxxxx/Xxxxxxxx desire to transfer those Assets to x.Xxxxxxx;
NOW THERFORE, the Parties hereby agree as follows:
1. Xxxxx/Xxxxxxxx agree and represent that they have ownership of, or legal
right to use, all Assets listed in Exhibit A of the Agreement. Exhibit A is
attached to and incorporated into this Agreement. Xxxxx/Xxxxxxxx agree and
represent that ownership of, or rights to, each of the Assets may be fully
transferred to x.Xxxxxxx.
2. Xxxxx/Xxxxxxxx hereby transfer all ownership, rights and interest in all
Assets listed in Exhibit A to x.Xxxxxxx as of the date of this Agreement stated
above.
3. In consideration of the transfer of Assets to x.Xxxxxxx described herein,
x.Xxxxxxx grants Xxxxx/Xxxxxxxx the following:
A. $50,000.00 worth of registered x.Xxxxxxx stock valued at $0.40;
totaling 125,000 shares. The shares shall be distributed in two
equal portions of 62,5000 shares, with 50% of each distribution
(31,250 shares) registered to Xxxxx Xxxxx and the other 50% of each
distribution (31,250 shares) registered to Xxxxxxx Xxxxxxxx. The
distributions will be made within 7 business days of the occurrence
of the events listed below:
i. The first distribution to be made upon approval of this
Agreement by the x.Xxxxxxx Board of Directors;
ii. The second distribution will be made upon the launch of the
site, currently scheduled for September 1, 2002.
IN WITNESS WHEREOF, the parties hereto have signed this Agreement in duplicate
as of the year and day written first above.
x.Xxxxxxx Xxxxx/Xxxxxxxx
By: /s/ By: /s/ Xxxxx Xxxxx By: /s/ Xxxxxxx Xxxxxxxx
---------------------------- ---------------------------- ----------------------------
Signature Signature Signature
Name: Name: Xxxxx Xxxxx Name: Xxxxxxx Xxxxxxxx
-------------------------- -------------------------- --------------------------
Date Date Date:
--------------------------- --------------------------- --------------------------
EXHIBIT A
ASSETS
I. DOMAIN NAME/ADDRESS (xxx.xxxxxxxxxx.xxx)
b) PHYSICAL WEBSITE
Full Artist Upload/Download functionality
Featured Artist/Promotional ennoblement function
Self-generating "Top Ten" lists
Ad/Banner serving functionality
PHP Code 176 scripts, 26,000+ lines of code
c) CONTENT
1,979 Artists
17,397 Titles
d) DATABASE
25,356 registered users (+1,979 Artists)
27,000 + email addresses
e) INTELLECTUAL PROPERTY
Industry relationships
Digital strategies
EXHIBIT 4.13