THIS INSTRUMENT PREPARED BY:
Xxxxxxx X. Xxxxx, BPR #4084
Xxxxx, Xxxxxxxx & Xxxxxx
000 Xxxxxxxxx Xxxxxxx Xxxxxxxxx
Xxxx Xxxxxx Xxx 000
Xxxxxxxxxxxxxx, XX 00000-0738
Telephone: (000) 000-0000
BILL OF SALE
FOR AND IN CONSIDERATION OF the sum of Ten Dollars ($10.00),
cash in hand paid, the receipt of which is hereby acknowledged, the undersigned,
COLORSMART, INC., has this day bargained and sold and does hereby sell,
assign, convey, transfer and deliver to XXXXX X. XXXXXXX, XX. all of its
right, title and interest in and to the property set forth in Exhibit "A"
which is attached hereto and incorporated herein by reference.
TO HAVE AND TO HOLD the same unto the said XXXXX X. XXXXXXX,
XX., his heirs, administrators, executors, successors and assigns forever.
COLORSMART, INC. further covenants with said XXXXX X. XXXXXXX,
XX. that it is lawfully seized and possessed of the property set forth in
Exhibit "A" attached thereto and that it has a good right to convey same.
PARTIES acknowledge that part of the consideration herein is
forgiveness by XXXXX X. XXXXXXX, XX. of $650,000.00 owed to
XXXXX X. XXXXXXX, XX. by COLORSMART, INC. and XXXXX X.
XXXXXXX'X personal guarantee of the below debts of COLORSMART, INC.:
1. Regions Bank;
2. IOS Capital;
3. Compact Financial;
4. Micron Leasing; and
5. Lucent Technologies.
SAID property is being sold "AS IS" and COLORSMART,
INC. makes no warranty as to the condition of any and/or all of said
property.
THIS 5th day of October, 2000.
COLORSMART, INC., Seller
BY: /s/ Xxxxx X. Xxxxxxx, Xx.
Title: President
BY: /s/ Xxxxx X. Xxxxxxx, Xx.
XXXXX X. XXXXXXX, XX., Buyer
STATE OF TENNESSEE
COUNTY OF XXXXXX
Before me, the undersigned, a notary public in and for the County and State
aforesaid, personally appeared Roqer X. Xxxxxxx, Xx., with whom I am
personally acquainted and who, upon oath, acknowledged himself to be the
President of COLORSMART, INC., a Tennessee corporation, the within
bargainor, and that he as such President, being authorized so to do,
executed the within instrument for the purposes therein contained, by signing
the name of the corporation by himself as such President.
WITNESS my hand and official seal on this 5th day of October,
2000 at Hendersonville, Tennessee.
/s/
NOTARY PUBLIC
My Commission expires: 5/26/2004
STATE OF TENNESSEE
COUNTY OF XXXXXX
Before me, the undersigned, a notary public in and for said County and
State aforesaid, personally appeared XXXXX X. XXXXXXX, XX., with whom I
am personally acquainted and who, upon oath, acknowledged that he executed the
within instrument for the purposes therein contained.
WITNESS my hand and official seal on this 5th day of October,
2000 at Hendersonville, Tennessee.
/s/
NOTARY PUBLIC
My Commission expires: 5/26/2004
