AGREEMENT REGARDING ASSIGNMENT OF BUSINESS ASSETS AND ASSUMPTION OF OBLIGATIONSAgreement Regarding Assignment • August 14th, 2007 • Phoenix Footwear Group Inc • Footwear, (no rubber) • Ontario
This Agreement Regarding Assignment of Business Assets and Assumption of Obligations (hereinafter this “Agreement”) is made and entered into by and between PXG CANADA INC., an Ontario corporation (hereinafter “PXG Canada”) and Canadian Recreation Products, Inc., a Quebec corporation (hereinafter “Buyer”). In this Agreement, PXG Canada and Buyer may be referred to collectively as the “Parties” or individually as a “Party”. Capitalized terms used herein and not defined herein shall have the meaning given thereto in the Stock Purchase Agreement (as defined below).
