ALTIRA ASSUMPTION AGREEMENT
THIS AGREEMENT dated this 25th day of May, 2001 between Argo, Inc. a
Israeli corporation ("Assignor"); Safetek Acquisition Corp. a Delaware
corporation ("Assignee"); and Altira Capital & Consulting, LLC. ("Altira").
W I T N E S S E S T H :
WHEREAS, Assignor is a party to that certain contract (the "Altira
Consulting Agreement") dated ____________ _____, 2001, between Argo and Altira,
Inc;
WHEREAS, Assignor wishes to assign its interest in the Altira
Consulting Agreement to Assignee, and Assignee is willing to accept such
assignment;
WHEREAS, Altira is also a party to the Altira Consulting Agreement
between Argo and Altira, and Altira is willing to consent to the Assignment by
Assignor to Asignee of Assignor's interest in the Altira Consulting Agreement.
N O W T H E R E F O R E ,
In consideration of the Premises and for other good and valuable
consideration, the Parties hereto agree that:
1. Assignor hereby assigns to Assignee, and Assignee hereby irrevocably
and unconditionally assumes, all of the rights, conditions, and obligations of
Assignor in the Altira Consulting Agreement between Argo and Altira.
2. Altira hereby consents to the foregoing Assignment.
Argo, Inc. Safetek Acquisition, Inc.
(Assignor) (Assignee)
By: ______________________________ By: ______________________________
▇▇▇ ▇▇▇▇▇▇, President ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, President
Altira, Inc.
By: ______________________________
▇▇▇ ▇▇▇▇▇, President
