SUN & SURF INC SPIN OFF AGREEMENT WITH PREDECESSOR J ESPO'S INC. ASSIGNMENT AGREEMENT In consideration of good and valuable consideration, receipt of which is hereby ackowledged between J Espo's Inc. and Sun & Surf Inc. on December 5, 2000, or such or...Spin Off Agreement • January 18th, 2002 • Sun & Surf Inc
In consideration of good and valuable consideration, receipt of which is hereby ackowledged between J Espo's Inc. and Sun & Surf Inc. on December 5, 2000, or such or extended time as JRE Inc. shall deem desirable. All assets, liabilities, an the on-going business operations of J Espo's Inc. Consultant and Future Franchise Divisions, wherever located and of every nature and description be and the same hereby are transferred and assigned to Sun & Surf Inc., a New York domestic business corporation, and as soon as practicable after the closing of an Agreement and Plan of Reorganization, and compliance with or exemption from applicable laws, rules, and regulations concerning the public issuance of securities, one share of common stock of Sun & Surf Inc., on a one to one basis, shall be issued to each and every shareholder of rcjcord of J Espo's Inc. as of December 18, 2000.
