ContractAsset Purchase and Sale Agreement • September 14th, 2007 • Cal-Bay International Inc • Wholesale-professional & commercial equipment & supplies • Georgia
ASSET PURCHASE AND SALE AGREEMENT THIS ASSET PURCHASE AND SALE AGREEMENT (this "Agreement") is made and entered into this 11th day of September 2007, by and between LENOX CORP, LTD, a Georgia corporation ("Purchaser") and CAL-BAY INTERNATIONAL, INC, a Nevada corporation ("Seller"). RECITALS A. Seller is in the business of developing, marketing, managing, selling and distributing Real Estate (the "Business"). Seller desires to sell to Purchaser all of Seller's assets used in or relating to the Business. B. All of the assets Seller uses in or which relate to the Business consist of the following, which shall hereinafter collectively be designated the "Assets": (i) Accounts Receivable. all accounts receivable of Seller as of September 11, 2007, identified in and that will be the subject of the Bill of Sale. (ii) Inventory. the items of inventory identified in and that will be the subject of the Bill of Sale. (iii) Tangible Personal Property. the items of
