ASSIGNMENT OF REAL ESTATE PURCHASE CONTRACT
FOR VALUE RECEIVED, the undersigned Assignor hereby assigns, transfers and
sets over to Canton's Commercial Carpet Corporation (Assignee) all rights, title
and interest held by the Assignor in and to the following described contract:
Real Estate Purchase Contract, with an offer date of July 14, 1998, to purchase
property known as the New Xxxxxxx Building, 0000 Xxxx Xxxxxx.
The Assignor warrants and represents that said contract is in full force
and effect and is fully assignable.
The Assignee hereby assumes and agrees to perform all the remaining and
executory obligations of the Assignor under the contract and agrees to indemnify
and hold the Assignor harmless from any claim or demand resulting from
non-performance by the Assignee.
The Assignee shall be entitled to all monies remaining to be paid under the
contract, which rights are also assigned hereunder.
The Assignor warrants that the contract is without modification, and
remains on the terms contained.
The Assignor further warrants that it has full right and authority to
transfer said contract and that the contract rights herein transferred are free
of lien, encumbrance or adverse claim.
This assignment shall be binding upon and inure to the benefit of the
parties, their successors and assigns. Signed this 22nd day of July, 1998.
/s/ Xxxxxxx Xxxxxx, President
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Assignor (CyberState, Inc.)
/s/ Xxxxxxx Xxxxxx, President
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Assignee ( Canton's Commercial Carpet Corporation)
