CONSENT TO TRANSFER OF LEASE June 20, 2006
CONSENT
TO
TRANSFER
OF LEASE
June
20,
2006
Reference
is made to that certain Lease Agreement, dated August 24, 2005, by and among
Petals Decorative Accents LLC (“Petals”), Xxxxx Xxxxx and Xxxxx Xxxxx in
connection with certain premises consisting of a warehouse building of
approximately 54,000 square feet, and an adjacent paved parking area located
at
0000 Xxxxxx Xxxxx, Xxxxxxxx Xxxxxxxxx 00000 (the “Lease”). Capitalized terms
used herein and not otherwise defined herein shall have the meanings ascribed
to
such terms in the Lease.
Petals
desires to enter into a Contribution Agreement with Immunotechnology Corp.
Inc.
(“Immuno”), whereby Petals shall assign all its assets and delegate certain of
its obligations, including the Lease, to Immuno and Immuno shall assume such
assets and obligations in exchange for the issuance of ninety five percent
(95%)
of the shares of common stock of Immuno to Petals (the “Contribution”). It is
intended that such transaction qualify as a tax free contribution of assets
pursuant to Section 351 of the Internal Revenue Code.
Petals
hereby requests that Xxxxx Xxxxx and Xxxxx Xxxxx consent to, and by their
signature below they hereby do consent to, the transfer of the Lease as part
of
the Contribution. Notwithstanding the above, Xxxxx Xxxxx and Xxxxx Xxxxx
expressly reserve all rights under the Lease.
ACCEPTED
AND AGREED:
XXXXX
XXXXX
/s/
Xxxxx
Xxxxx
XXXXX
XXXXX
/s/
Xxxxx
Xxxxx
