ASSET PURCHASE AGREEMENT This Asset Purchase Agreement ("Agreement") is entered into as of the 2nd day of July, 2004, by and between FoneFriend, Inc., a Delaware corporation ("Seller") and YAP International, Inc., a Nevada corporation ("Purchaser")....Asset Purchase Agreement • July 16th, 2004 • Fonefriend Inc • Telephone communications (no radiotelephone) • California
WHEREAS, Seller has entered into a certain Technology License Agreement, dated April 30, 2001, with FoneFriend Systems, Inc., a District of Columbia corporation ("FSI"), whereby FSI granted Seller a license to utilize FSI's patented technology (Voice over Internet Telephony, patent attached), which Seller intended to use to commercialize an Internet Telephony product known as the "FoneFriend"; and
