Agreement
Exhibit 10.8
In order to facilitate an orderly foreclosure and transfer of substantially all of the assets of Cargo Connection Logistics Holding, Inc. (“Cargo Connection”) and its subsidiaries, as agreed to in the Strict Foreclosure and Transfer of Assets Agreement (“Agreement”), dated May 13, 2008, between the parties, to Pacer Health Corporation (“Pacer”) and/or its subsidiaries, the parties agree as follows:
1. Cargo Connection will cooperate with Pacer in obtaining, by transfer or application, all of the necessary licensing and permits required to continue the ongoing operations of Cargo Connection Logistics Corp., and will maintain and preserve the assets of Cargo Connection Logistics Corp., to the best of their ability, until such time as approval and consummation can be effected.
2. The parties agree that the law office of Xxxxxx & Husk will be retained and paid by Pacer to facilitate these transactions.
3. The undersigned represent that they are licensed and authorized by their respective corporations to enter this agreement.
PACER HEALTH CORP. |
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/s/ Xxxx Xxxxx |
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/s/ Xxxxx Xxxxxxx, CEO |
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Xxxx Xxxxx, |
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Xxxxx Xxxxxxx |
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Chief Operating Officer |
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Non-Medical Division |
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CEO |
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