GUARANTY AND PLEDGE AGREEMENTGuaranty and Pledge Agreement • July 24th, 2007 • Theater Xtreme Entertainment Group, Inc • Retail-radio, tv & consumer electronics stores • Delaware
THIS GUARANTY AND PLEDGE AGREEMENT, dated this 20th day of July, 2007, by and between SCOTT OGLUM, an individual residing at 115 Christina Landing, Wilmington, Delaware 19801 (“Guarantor”), and in favor of Mr. Ricardo Salas, an individual, residing at 64 Ritz Cove Drive, Monarch Beach, CA 92629-4229, (“Lender”).
WARRANT TO PURCHASE COMMON STOCK OF THEATER XTREME ENTERTAINMENT GROUP, INC.Theater Xtreme Entertainment Group, Inc • July 24th, 2007 • Retail-radio, tv & consumer electronics stores
This is to certify that, for value received, Mr. Ricardo Salas, or his assignees (the “Holder”) is entitled to purchase, subject to the provisions of this Warrant and that certain Promissory Note (the “Note”) dated the date hereof, in the principal amount of $100,000 by and between, interalia, the Holder and Theater Xtreme Entertainment Group, Inc., a Delaware corporation (the “Company”), from the Company that number of shares of Common Stock of the Company determined in accordance with Section (a). Capitalized terms used and not defined herein shall have the meanings ascribed to them in the Note.
MANAGEMENT SERVICES AGREEMENTManagement Services Agreement • July 24th, 2007 • Theater Xtreme Entertainment Group, Inc • Retail-radio, tv & consumer electronics stores • Delaware
THIS MANAGEMENT SERVICES AGREEMENT is dated July 1, 2007 (the “Effective Date”) by and between UNIVERSAL CAPITAL MANAGEMENT, INC., a Delaware corporation (“Manager”), and THEATER XTREME ENTERTAINMENT GROUP, INC., a Florida corporation (“TXEG”).
