ASSIGNMENT AND ASSUMPTION OF SUBSCRIPTION AGREEMENTAssignment and Assumption of Subscription Agreement • June 13th, 2006 • Energy Infrastructure Acquisition Corp. • Blank checks
KNOW ALL MEN THAT GEORGE SAGREDOS, having an address at __________ (the “Assignor”), in consideration of the Assumption (as defined below) by ENERGY CORP., an entity incorporated under the laws of the Cayman Islands (the “Assignee”), of the subscription agreement entered into between Assignor and Energy Infrastructure Acquisition Corp., a Delaware corporation, effective as of January 2, 2006 and thereafter amended (the “Subscription Agreement”), the sufficiency of which consideration is hereby acknowledged, does hereby assign and transfer unto Assignee all of Assignor’s right, title and interest in and to, and all of Assignor’s obligations and liabilities arising under, the Subscription agreement, the effect of which assignment (the “Assignment”) shall be that Assignee shall stand in the place of Assignor in all matters relating to the Subscription Agreement exactly as if Assignee, and not Assignor, had originally been party to the Subscription Agreement. Assignee does hereby accept an
