ASSET PURCHASE AGREEMENT Between: BOOMERS’ CULTURAL DEVELOPMENT INC. And: KOKO PETROLEUM INC.Asset Purchase Agreement • May 24th, 2006 • Boomers Cultural Development, Inc. • Transportation services • British Columbia
BOOMERS’ CULTURAL DEVELOPMENT INC., a company duly incorporated under the laws of Nevada and having its mailing address at 1453 Johnston Road, #71524, White Rock, BC, V5J 2G8
KOKO PETROLEUM, INC. Okanagan Falls, B.C. VOH 1 ROMemorandum of Understanding • May 24th, 2006 • Boomers Cultural Development, Inc. • Transportation services
This MOU sets out the general terms and conditions of the proposed acquisition between Boomers' Cultural Development, Inc. (hereinafter referred to as ".Boomer") and KOKO Petroleum, Inc. (hereinafter referred to as "KOKO"). It is intended that this MOU set out the major commercial matters contemplated by the parties so they may know the general tetras of the formal comprehensive agreements to be executed by them. The parties agree to negotiate in good faith with a view of concluding the agreements that will set out the full legal rights and obligations of the parties and be substantially upon the following terms and conditions. This MOU is not to create legally binding relationships.
