ASSET PURCHASE AGREEMENTAsset Purchase Agreement • February 7th, 2008 • 247MGI, Inc. • Retail-miscellaneous shopping goods stores
This ASSET PURCHASE AGREEMENT dated as of December 28, 2007 (the "Agreement") is entered into by and between 247MGI, Inc. (“247MGI”) a publicly traded corporation organized under the laws of, and domiciled in, the State of Florida, Sovereign Research, LLC (“Sovereign”), a Florida limited liability company and a wholly-owned subsidiary of Sovereign ("Buyer"), and SOYO Group, Inc., a publicly traded corporation organized under the laws of, and domiciled in, the State of Nevada (“Seller”).
