EXHIBIT 10.124
ASSIGNMENT DATED DECEMBER 29, 1995 TO
NUOASIS INTERNATIONAL, INC., A CALIFORNIA CORPORATION
ASSIGNMENT
KNOW ALL THESE MEN BY THESE PRESENTS:
THIS ASSIGNMENT AND BILL OF SALE is made and entered into by and
between Xxxx Xxxxxxx'x XX Inc., a Colorado corporation ("Assignor"), and NuOasis
International Inc., a California corporation ("Assignee").
WITNESSETH: That for and in consideration of the issuance of shares of
Assignee's $.01 par value common stock, and other good and valuable
consideration, the receipt of which is hereby acknowledged, Assignor hereby
bargains, sells, grants and conveys unto Assignee all of its rights, duties, and
obligations under the Asset Purchase Agreement made by it with Silver Faith
Development Limited, a Hong Kong corporation, ("Silver Faith") dated September
28, 1995 (the "Agreement"), concerning the purchase of certain real estate and
improvements located in Mainland China, commonly known as the Peony Garden
Project, more fully described in such Agreement which is attached hereto as
Exhibit "A" and incorporated herein by reference.
By its acceptance of this assignment, Assignee assumes the performance
of all of Assignor's duties and obligations under the Agreement, and will hold
Assignor harmless from any liability or loss resulting from the performance or
non-performance of these duties and obligations.
Assignor warrants that it has the power and authority, and does hereby
sell and transfer the Agreement to Assignee, free and clear of all liens and
encumbrances.
For the same consideration, Assignor covenants with Assignee, its
heirs, successors, and assigns that Assignor is the lawful owner of and has good
title to the Agreement, free and clear of all liens, encumbrances or adverse
claims; that the Agreement is in full force and effect, and that Assignor will
warrant and forever defend any claims of default, or breach by Silver Faith.
IN WITNESS WHEREOF, I have caused this instrument to be executed
effective the 29th day of December, 1995.
"Assignor"
XXXX XXXXXXX'X XX INC.
By:-----------------------------------------
Name:
Title:
EXHIBIT "A"
to the
Assignment
dated December 29, 1995
ASSET PURCHASE AGREEMENT
