ANDAsset Purchase Agreement • May 11th, 2004 • Maxxzone Com Inc • Services-business services, nec • Delaware
April 23, 2004 RE: REPAYMENT OF DEBT Dear Mr. Ron Davis, This letter memorializes the agreement (the "Agreement") by and among maxxZone.com, Inc., a Nevada corporation (the "Company") and Global Capital Trust ("Global"), and Roland Becker,...Repayment of Debt Agreement • May 11th, 2004 • Maxxzone Com Inc • Services-business services, nec
This letter memorializes the agreement (the "Agreement") by and among maxxZone.com, Inc., a Nevada corporation (the "Company") and Global Capital Trust ("Global"), and Roland Becker, individually, pursuant to which (i) the Company agrees to sell, grant, convey, bargain, transfer, assign and deliver all of the assets of the Company to Global (the "Assignment"), and (ii) Global agrees to assume and undertake to discharge all liabilities, as itemized on SCHEDULE 1 hereto, and any other accrued liabilities of the Company prior to closing of the Company's impending asset purchase agreement (the "APA") with American Card Services, a Delaware corporation ("ACS"), (the "Assumption"). This Agreement shall be consideration for full satisfaction and accord of the Company's debt of $40,000 and other liabilities (the "Debt") owed to Global, as repayment of loans the Company received from MaxxPlay Enterprises Inc., a Nevada corporation ("MaxxPlay") to the Company through the later of April 16, 2004,
