Spinoff Agreement Sample Contracts

BACKGROUND
Spinoff Agreement • August 17th, 2000 • Integrated Telecom Express Inc/ Ca • Telephone & telegraph apparatus • New York
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SPINOFF AGREEMENT
Spinoff Agreement • March 30th, 2011 • Eclips Media Technologies, Inc. • Power, distribution & specialty transformers • New York

THIS SPINOFF AGREEMENT (this “Agreement”), dated as of December 7, 2010, is made by and between Eclips Media Technologies, Inc., a Delaware corporation (“Company”), SD Acquisition Corp., a New York corporation (“SD”), Brand Interaction Group, LLC (“Brand”), a New Jersey limited liability company, Eric Simon (“Simon”) and each of the individuals listed under the heading “Lenders” on Exhibit A annexed hereto (“collectively, “Lenders”).

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