LEASE OF EQUIPMENT
THIS AGREEMENT made as of the 15 th day of December 2003.
BETWEEN: XXX XXXXXXX , of Paradise Valley, Arizona
and
MW MEDICAL, INC. , of 0000 X. Xxxxxx, Xxxxxxxx Xxxxxx, Xxxxxxx 00000
WHEREAS :
A. MW Medical, Inc., (the "Company") entered into a loan agreement and assignment of assets on March 15, 2003 whereby the Company assigned, transferred, and conveyed its inventory, equipment, and property to Xxx Xxxxxxx ("Xxxxxxx").
B. The parties desire to enter into an agreement whereby Xxxxxxx will lease the equipment acquired pursuant to the agreement on March 15, 2003 to the Company.
NOW THEREFORE THIS AGREEMENT WITNESSES THAT in consideration of the premises and the mutual covenants hereinafter set-forth, the parties hereto do hereby agree as follows:
1. Xxxxxxx hereby agrees to lease equipment acquired from a loan agreement and assignment of assets on March 15, 2003 ("equipment") to the Company for $2,500 which shall become due and payable on December 31, 2004.
2. The term of this lease shall be from the date of this agreement until December 31, 2004.
3. The equipment may not be subleased by the Company without the prior written consent of Xxxxxxx.
4. The parties agree to execute and deliver all such further documents, agreements and instruments and take such other and further action as may be necessary or appropriate to carry out the purposes and intent of this Agreement.
IN WITNESS WHEREOF, this Agreement is executed on this 15 th day of December, 2003
MW Medical, Inc.
/s Grace Sim /s/ Xxx Xxxxxxx
By: Grace Sim By: Xxx Xxxxxxx
Its: Chief Financial Officer
| 1 | ||
|
| ||
