ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • July 7th, 2009 • Platinum Studios, Inc. • Periodicals: publishing or publishing & printing • California
This ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is entered into and effective as of the June 30, 2009, by and between Platinum Studios, Inc., a California corporation, with offices at 11400 West Olympic Blvd., 14th Floor, Los Angeles, CA 90064 (“Seller”), and Wowio LLC, a Texas limited liability company, with offices at 2525 Driscoll Street Houston, TX 77019 (“Purchaser”), pursuant to that certain Securities Purchase Agreement, dated as of June 30, 2009, by and among Seller, Purchaser, Wowio, LLC, a Pennsylvania limited liability corporation (the “Wowio Penn”) and Brian Altounian, the managing member of Purchaser (the “Purchase Agreement”). Capitalized terms not otherwise defined herein shall have the same meanings set forth for such terms in the Purchase Agreement.
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • July 7th, 2009 • Platinum Studios, Inc. • Periodicals: publishing or publishing & printing • California
This Securities Purchase Agreement (the “Agreement”) effective June 30, 2009 (the “Closing Date”), is by and between Platinum Studios, Inc., a California corporation ("Platinum" or “Purchaser”), having its principal offices at 11400 West Olympic Boulevard, 14th Floor, Los Angeles, California 90064; Wowio LLC, a Pennsylvania limited liability (“Wowio Penn”), having its offices at 11400 W. Olympic, 14th Floor, Los Angeles, Wowio LLC, a Texas limited liability company, with offices at 2525 Driscoll Street Houston, TX 77019 (“Wowio Texas”), and Brian Altounian (“Altounian”), an individual, and sole owner of Alliance Acquisitions, Inc., which is the sole member (“ Alliance”) of Wowio Texas.
