ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • August 11th, 2011 • Visual Network Design, Inc. • Services-prepackaged software • New York
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is made this 5th day of August, 2011, by and among Visual Network Design, Inc., a Nevada corporation f/k/a Cahaba Pharmaceuticals, Inc. (“Assignor”), Navesink SPV 1, Inc., a Delaware corporation (“Assignee”), DataCom Systems, Incorporated, a Nevada corporation (“Sub Borrower”), Crystal Finance LLC (“Crystal”), Jack Bailey (“Bailey), Ken Anderson (“Anderson,” and together with Crystal and Bailey, the “Pledgors”), and Gottbetter & Partners, LLP, in its capacity as collateral agent (in such capacity, “Collateral Agent”) for the holders (the “Buyers”) of the 10% Secured Convertible Promissory Notes of Assignor, due March 15, 2012 (“the CAHA Notes”).
FORM OF AMENDMENT AND CONSENT AGREEMENTForm of Amendment and Consent Agreement • August 11th, 2011 • Visual Network Design, Inc. • Services-prepackaged software • New York
THIS AMENDMENT AND CONSENT AGREEMENT (this “Agreement”) is made this ____ day of __________, 2011, by and among Visual Network Design, Inc., a Nevada corporation f/k/a Cahaba Pharmaceuticals, Inc. (“Assignor”), Navesink SPV 1, Inc., a Delaware corporation (“Assignee”), and the undersigned Buyer (as defined below).
