SECURITIES CLOSING AGREEMENTSecurities Closing Agreement • February 1st, 2005 • Interactive Brand Development Inc. • Services-business services, nec
This Securities Closing Agreement (this “Agreement”) is made and entered into this 21st day of January 2005, by and among PHSL WORLDWIDE, INC., (formerly “Penthouse International, Inc.”) a corporation organized and existing under the laws of the State of Florida (“PHSL”); and INTERACTIVE BRAND DEVELOPMENT, INC. (formerly, “Care Concepts I, Inc.”), a corporation formed under the laws of the State of Delaware (“IBD”). PHSL and IBD are referred to herein individually as a “Party” and collectively as the “Parties.”
