Exhibit 10.8
ASSIGNMENT OF ASSET PURCHASE AGREEMENT
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FOR VALUE RECEIVED the undersigned, Master Printing, Inc., a Tennessee
corporation ("Assignor"), hereby assigns, conveys, transfers, and quit claims,
and delegates, any and all of its rights and obligations under that certain
Asset Purchase Agreement executed as of the 20/th/ day of May, 1997 by among and
between Xxxxxxxxxx Printing Company, Inc., an Iowa corporation ("Seller"), Xxxxx
Xxxxxxxxxx, III, ("Xxxxxxxxxx") and Assignor (hereinafter the "Agreement") to
Premier Graphics, Inc., a Delaware corporation, incorporated as of the 3rd day
of June, 1997; provided, however, that the obligation to pay the Purchase Price,
and the obligation under paragraph 8.5 of the Agreement, shall remain the
obligation of Assignor or its successor Master Graphics, Inc., a Delaware
corporation, with whom Assignor shall be merged.
Executed this the 19th day of June, 1997.
MASTER PRINTING, INC.
By: /s/ Xxxx X. Xxxxxx
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Xxxx X. Xxxxxx, President
APPROVAL AND ACKNOWLEDGMENT
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FOR VALUE RECEIVED, Xxxxxxxxxx Printing Company, Inc., an Iowa corporation
("Seller") and Xxxxx Xxxxxxxxxx, III ("Xxxxxxxxxx") hereby approve of, consent
to and acknowledge the assignment and delegation Premier Graphics, Inc. Further,
Seller and Xxxxxxxxxx consent to, approve, and acknowledge, the merger of
Assignor into Premier Graphics, Inc., a Delaware Corporation, which shall assume
the obligation to pay the Purchase Price and the obligations of Assignor under
paragraph 8.5 of the Asset Purchase Agreement.
Executed this the 19th day of June, 1997.
XXXXXXXXXX PRINTING COMPANY, INC.
By: /s/ Xxxxx Xxxxxxxxxx, III
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Xxxxx Xxxxxxxxxx, III, President
By: /s/ Xxxxx Xxxxxxxxxx, III
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Xxxxx Xxxxxxxxxx, III
