MarketShare Recovery, Inc.
00 Xxxxxxxxxxx Xxxx
Xxxxxxxx, Xxx Xxxx 00000
This memorandum of understanding is to clarify the mutual understanding
between Jade Entertainment Group, Inc., a New York corporation ("Jade") and
MarketShare Recovery, Inc., a New York corporation, ("MarketShare") with regard
to the lease dated March 18, 2003 ("Lease") between Realty 2001 Corp.
("Landlord") and MarketShare. The Lease concerns the office at Suite 000, 00
Xxxxxxxxxxx Xxxx, Xxxxxxxx, Xxx Xxxx (the "Premises"). Both parties agree that
1. Xxxx will reimburse MarketShare for 50% of all rent due to Landlord
from MarketShare for all periods on and after January 1, 2004. Payments will be
made directly to the Landlord by Xxxx in accordance with the terms of the Lease.
2. MarketShare hereby releases and discharges Jade and its corporate
parent, Dominix, Inc. for any and all liability arising from the use and
occupancy of the Premise for any time preceding January 1, 2004.
3. The parties agree to use their respective reasonable best efforts for
MarketShare to assign or Jade to assume the Lease by the "Vacancy Date" defined
below, with the consent of the Landlord.
4. MarketShare will vacate the premises 60 days after Dominix, Inc. mails
an information statement to its shareholders which will permit it to amend its
certificate of incorporation to increase the number of authorized shares of
common stock (the "Vacancy Date").
MarketShare Recovery, Inc. Jade Entertainment
Group, Inc.
By: ___________________________ By: __________________________
Dated: March 30, 2004
