Exhibit 10.8
ASSUMPTION OF LIABILITIES
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Assumption of Liabilities dated as of March 15, 1999 by PC DYNAMICS OF
TEXAS, INC., a Texas corporation ("BUYER") in favor of PC DYNAMICS
CORPORATION, a Texas corporation ("PC DYNAMICS").
WHEREAS, PC DYNAMICS and BUYER have entered into that certain Agreement
dated March ___, 1999 (the "Agreement") pursant to which, among other
things, BUYER is acquiring certain assets of PC DYNAMICS;
WHEREAS, the Agreement provides that, concurrently with such
acquisition BUYER assume and agree to pay, defend, defend, discharge and
perform certain liabilities and obligations of PC DYNAMICS:
NOW, THEREFORE, BUYER hereof confirms that it has assumed and agreed to pay,
defend, discharge and perform when due each of the executory liabilities and
obligations of PC DYNAMICS under each Contract in effect on the Closing Date
and assigned to BUYER pursuant to Section 1.1(e) of the Agreement.
The Assumption of Liabilities shall immure to the benefit of and be
binding upon the successors and assigns of BUYER and PC DYNAMICS.
All capitalized terms contained herein without definition shall have
the respective meanings ascribed to such terms in the Agreement.
This Assumption of Liabilities is executed, delivered and effective on
and as of March 15, 1999.
PC DYNAMICS OF TEXAS, INC.
By: /s/
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Its:
PC DYNAMICS CORPORATION
By: /s/
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Its:
