June 12, 2000
DOMAIN NAME PURCHASE AGREEMENT
Between Site HQ, Inc. And
Internet Properties Development, Inc.
This letter is an agreement between Internet Properties Development, Inc. (the
"Buyer"), a wholly owned subsidiary of XxxxXxx.xxx Inc., a Nevada Corporation,
and Site HQ, Inc., a California Corporation (the "Seller"), regarding the
transfer and sale of the Seller's ownership interest in the Internet domain
names and their corresponding Internet and Intellectual assets described in
Exhibit "A".
The agreed terms and points of the sale are as follows:
In consideration of the transfer of the domain, the Buyer will;
(1) pay the Seller $50,000 Fifty thousand and none, within 30 (thirty)
days of today's date, following a reasonable period of due
diligence.
(2) In the event of the Sale of any of the Assets purchased in this
transaction (Exhibit "A"), the Seller a BONUS PAYMENT(S) equal to
25% (twenty-five percent) of the Sale proceeds.
(3) In the event of a re-capitalization of any of the Assets purchased
in this transaction (Exhibit "A"), issue the Seller a BONUS
PAYMENT(S) equal to 25% (twenty-five percent) of the property's
re-capitalization.
Buyer:
/s/ Xxxxxxx Xxxxx
------------------------------
Internet Properties Development, Inc.
XXXXXXX XXXXX
Seller:
/s/ H. Page Xxxx
------------------------------
Site HQ
H.PAGEHOWE
