PURCHASE & ASSIGNMENT AGREEMENT
THIS AGREEMENT is by and between Fairfax Group, Inc., a Nevada
corporation as Buyer, and Xxxx Xxxxxx, Trustee, an Seller, of
certain Judgments more fully described in "Exhibit A" attached
hereto.
1. Assets Purchased. Buyer will purchase from Seller a number
of judgments as detailed in "Exhibit A" of this agreement. The
Seller agrees to notify the Buyer of any material change, sale,
or other events effecting said judgments prior to final
consummation of this transaction.
2. Purchase Price. It in agreed that the Buyer will pay to the
Seller for the assets purchased $100,000.00 (One Hundred Thousand
dollars). Said payment will be in the form of shares of common
stock in the Buyer's corporation, Fairfax Group, Inc. The number
of now shares to be issued to the Seller shall be 4,000,000 (Four
Million) with a value of $.025 each.
3. The Seller agrees to provide any supporting documentation he
may have available, at the Buyers request, which may assist in the
collection of said judgments.
4. The Seller agrees to notify Buyer of any and all contacts or
offers to settle which may be made by the debtors of said Judgments
to the Seller,
5. Seller agrees to forward any and all payments which may be
received for the purposes of reducing the balance of any of said
judgments to the Buyer.
/s/Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx for
Fairfax Group, Inc.
Agreed & Accepted:
/s/Xxxx Xxxxxx, Trustee
Xxxx Xxxxxx, Trustee
September 1, 1995
ASSIGNMENT OF JUDGMENTS
FOR VALUE RECEIVED the undersigned (Assignor) hereby assigns,
transfers and sets over unto Fairfax Group, Inc., a Nevada
corporation (the Assignee), all right, title and interest in those
certain judgments described in "Exhibit A" attached hereto bearing
the dates and in the principal amounts not forth in said Exhibit.
THIS assignment in made for the benefit of the Assignee, its legal
representatives, successors and assigns, and is made without
representation or warranty except that Assignor represents that
Assignor owns said judgments, and has not heretofore assigned,
transferred or hypothecated same.
Dated as of September 1, 1995
Assignor:
/s/Xxxx Xxxxxx, Trustee
XXXX XXXXXX, TRUSTEE
XXXX XXXXXX, TRUSTEE
Schedule of Outstanding Judgments and Accrued Interest Schedule A
Circuit Court-355-2986
Date of Palm Beach Cty Interest Judgements Total Cost Judgements
NAME OF DEBTOR Judgmt Recordation Rate Net of Adjust thru Net of Adjust
12/31/98 Plus Interest
11 Xxxxxxxxxxx, Xxxxxx & Xxxxxxxxx 04/24/83 MO-82-12599-C* 12.00% 3,853.40 7,259.17 11,112.57
10 Xxxxxxxxxxx, Xxxxxx & Xxxxxxxxx 12/15/83 OR BOOK-5922 PG-1261 12.00% 46,445.70 83,907.66 130,353.36
46 Xxxxxx, Xxxxxxx 10/23/85 OR BOOK-4703 PG-568 12.00% 1,980.26 3,136.08 5,116.34
17 Xxxxxx, Xxxxxx 06/30/86 OR BOOK-4941 PG-544 12.00% 5,000.00 7,507.40 12,507.40
53 Xxxxx, Xxxxx 11/10/86 OR BOOK-5148 PG-1446 12.00% 1,985.76 2,894.75 4,680.51
32 Xxxxxxxx, Xxx 08/27/87 OR BOOK-5401 PG-0998 12.00% 1,639.75 2,234.01 3,873.76
70 Xxxxxx, Xxx 10/07/87 OR BOOK-5445 PG-623 12.00% 2,006.56 2,706.71 4,713.27
15 Contogouris, Spyro 01/12/88 OR BOOK-5543 PG-1992 12.00% 12,085.00 15,916.44 28,001.44
66 Xxxxxxxxxx, Xxxx 01/26/88 OR BOOK-5574 PG-347 12.00% 2,496.13 3,276.02 5,772.15
65 Xxxxxxx, Xxxxxx 00/00000 OR BOOK-5621 PG-1 011 12.00% 13,920.10 17,957.23 31,887.33
45 Xxxxxxx, Xxxxxxx 06/07188 OR BOOK-5695 PG 262 12.00% 1,955.10 2,480.46 4,435.56
26 Xxxxxxx, Xx 06/07/88 OR BOOK-5695 PG-260 12.00% 4,456.90 5,654.52 10,111.42
35 Xxxxxx, Xxxxxxxx 09/14/98 OR BOOK-5807 PG- 1100 12.00% 682.28 843.41 1,525.69
12 Xxxxx, Xxxxxx 12/20/88 88-13820-CF* 12.00% 1,500.00 1,806.41 3,306.41
61 Xxxxxxxxxx, Lincoln/Xxxx, Xxxxxxx 09/29/89 OR BOOK-6225 PG-994 12.00% 5,628.00 6,254.02 11,882.02
25 Xxxxx, Xxx 10/26/89 OR BOOK-6255 PG-1767 12.00% 2,737.00 3,017.15 5,754.15
37 Kencl, Xxxxxx 11/08189 OR BOOK-6262 PG-1890 12.00% 3,276.00 3,597.32 6,873.32
34 Xxxxxx, Xxxxxxxxx 02/25/90 OR BOOK-6376 PG-50 12.00% 1,051.44 1,116.89 2,168.33
64 Triviis, Xxxxxxxxxxx 02/27/90 OR BOOK-6785 PG-368 12.00% 992.29 1,053.40 2,045.69
7 Xxxxxx, Xxxxx and XxXxxxx, Xxxxx 03/29/90 OR BOOK-6411 PG-1673 12.00% 2,210.75 2,325.10 4,535.85
42 Xxxxxxxx, Xxxxxx 04/12/90 OR BOOK-6831 PG-399 12.00% 1,493.70 1,564.09 3,057.79
36 Xxxxxxxx, Xxxxxxx 04/17/90 OR BOOK-6426 PG-ID05 12.00% 6,145.73 6,425.23 12,570.96
49 Xxxxxxxxx, Xxxxxxx 04/30/90 OR BOOK-6831 PG 396 12.00% 5,044.89 5,252.77 10,297.66
55 Rocmora, Xxxxxx 05/23/90 OR BOOK-6492 PG-1092 12.00% 10,713.50 11,073.94 21,787.44
62 SvAtzer, Xxxxxxx 07/17/90 OR BOOK-6539 PG-487 12.00% 4,686.87 4,759.81 9,446.68
63 Xxxxxxx, Xxxxxx D, 07/23/90 OR BOOK-6539 PG-494 12.00% 6,831.04 6,923.87 13,754.91
24 Xxxxxx, Xxxxxx 08/16/90 OR BOOK-6556 PG-1466 12.00% 3,028.60 3,045.86 6,074,46
XXXX XXXXXX, TRUSTEE
Schedule of Outstanding Judgments and Accrued Interest Schedule A
Circuit Court-355-2986
Date of Palm Beach Cty Interest Judgements Total Cost Judgements
NAME OF DEBTOR Judgmt Recordation Rate Net of Adjust thru Net of Adjust
12/31/98 Plus Interest
27 Xxxxxxx, Xxxx/Xxxxxxx, Xxxxxxx 08/28/90 OR BOOK-6568 PG-436 12.00% 3,293.74 3,299.52 6,593.26
39 Xxxxxx, Xxxxxx 09/19/90 OR BOOK-6595 PG-I 151 12.00% 1,707.54 1,698,18 3,405.72
60 Xxxxxxx, Xxxxxx 09/2l/90 OR BOOK-6602 PG-I 106 12.00% 914.45 908.84 1,823.29
23 Xxxxxxxxxx, Xxxxx 10/04/90 OR BOOK-6607 PG-1035 12.00% 1,215.84 1,203.18 2,419.02
50 Price, Mitchell/Price, Edwm 10/16/90 CL-90-8463-AF* 12.00% 14,777.77 14,565.62 29,343.39
21 Xxxxx, Xxxxx 11/30/90 MS-90-16175-RJ* 12.00% 256.00 248.54 504.54
20 Xxxx, Xxxx 12/06/90 OR BOOK-6675 PG-1654 12.00% 857.25 830.57 1,687.82
28 Xxxxxxx, Xxxx/Xxxxxxx, Xxxxxxx 12/07/90 OR BOOK-6675 PG-1653 12.00% 400.00 387.42 787.42
71 Young, Barrington 01/29191 OR BOOK-6730 PG-1 82 12.00% 5,O0O.00 4,755.62 9,755.62
48 Xxxxxxxxx, Xxxxxxx 04/12191 OR BOOK-6831 PG 397 12.00% 3,707.62 3,437.42 7,145.04
41 Matboh, Xxxxxx 04/15/91 OR BOOK-6791 PG-336 12.00% 1,567.50 1,451,72 3,019.22
58 Sriedinski, Andrizej 08/06/91 OR BOOK-6942 PG-183 12.00% 3,090.93 2,747.79 5,838.72
47 Xxxxxxxxx, Xxxxxxx 09/04/91 OR BOOK-6950 PG 1589 12.00% 10,028.04 8,819.18 18,847.22
9 Xxxxxxx, Xxxxx 09/12/91 OR BOOK-6954 PG 190 12.00% 22,503.22 19,731.32 42,234.54
8 Xxxxxx, Xxxxxxx 09/23/91 OR BOOK-7010 PG-1456 12.00% 2,200.00 1,921.05 4,121.05
67 Xxxxxx, Xxxxx X. 11/08/91 OR BOOK-7052 PG-986 12.00% 25,443.80 21,832.87 47,276.67
18 Danny's Kitchen Cabinets, Inc.,
Xxxx Xxxxxxxx, Reg, Age 01/22/92 OR BOOK-7139 PG-420 12.00% 144,438.50 120,378.61 264,817,11
51 Xxxxxxx R & Xxxxxx X. Xxxxxxxx 01/23/92 OR BOOK-7096 PG896 12.00% 22,879.58 19,060.88 41,940.46
29 Xxxx, Xxxx & Malacuski, Xxxxxxx 03/16/92 OR BOOK-7226 PG-1850 12.00% 1,243.50 1,014.29 2,257.79
52 Xxxxxxxxx, Xxx 05/14/92 BOOK-7274 PG-811&812 12.00% 7,720.80 6,147.87 13,868,67
1 Xxxxx, Xxxxx 06/29/92 OR BOOK-7320 PG-1499 12.00% 15,767.02 12,316.42 28,083.44
6 Xxxxxxxx, Jr., Xxxxx(Xxxx) 07/16/92 OR BOOK-7322 PG-1703 12.00% 103,993.21 80,583.34 184,486.55
30 Xxxxx, Xxxxx 08/13/92 OR BOOK-7358 PG-1160 12.00% 47,665.00 36,528.37 84,193.37
5 Xxxxx X. Xxxxx 10/01/92 OR BOOK-8190 PG-779 12.00% 24,750.00 18,568.60 43,318.60
57 Xxxxx, Xxxxx 01/20/93 OR BOOK-756OPG-279 12.00% 32,229.00 23,003.56 55,232.56
40 Xxxxx, Xxxxx 07/30/93 MC-93-07026-RE 12.00% 5,089.49 3,313.05 8,402.54
XXXX XXXXXX, TRUSTEE
Schedule of Outstanding Judgments and Accrued Interest Schedule A
Circuit Court-355-2986
Date of Palm Beach Cty Interest Judgements Total Cost Judgements
NAME OF DEBTOR Judgmt Recordation Rate Net of Adjust thru Net of Adjust
12/31/98 Plus Interest
3 Aragco, Inc.& Xxxxxxx Xxxxxxxxxx 05/17/94 OR BOOK-8285 PG1353 12.00% 50,753.90 28,183.01 78,936.91
2 Xxxxxxxx, Xxxxx 06/09/94 OR BOOK-8424 PG-407-40 12.00% 529.90 290.24 820.14
69 Xxxxxxx, Xxxx 07/20/94 OR BOOK-8424 PG-406 12.00% 2,855.09 1,525.32 4,380.41
16 Xxxx, Xxxxxxx 02/15/95 OR BOOK-8628 PG1074 8.00% 8,312.00 2,577.86 2,889.86
59 Xxxxxxx, Xxxx & Xxxx 05/18/95 OR BOOK-8975 PG-453 8.00% 227,847.54 66,069.54 293,917.08
========== ========== ============
Number of judgments: 58 946,794.98 721,399.52 1,668,194.50
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