EXHIBIT 6.4
AGREEMENT FOR ASSIGNMENT OF LEASE
THIS AGREEMENT, made In the City of Mesquite, State of Nevada on the 27th
day of August, 1998, by and between Industries International, Inc., a Nevada
corporation, hereinafter referred to as the assignor, and Xxxxxxx Xxxxxx and,
or nominees, hereinafter referred to as this assignee,
WITNESSETH:
WHEREAS, Industries International, Inc. the Assignee of those certain
lease agreements dated February 14th, 1994 and September 1st, 1994 between Xxx
Xxxxxx and Xxxx XxXxxxxx, said leases are recorded in the office of the County
recorder In the County of Xxxxx, State of Nevada, and more particularly
described as follows:
SEE ATTACHED EXHIBIT "A":
#APN 000-000-000 Xxxxxxx, Xxxxx County, State of Nevada
#APN 000-000-000 Xxxxxxx, Xxxxx County, State of Nevada
#APN 000-000-000 Xxxxxxx, Xxxxx County, State of Nevada
Consisting of approximately 200 acres.
to which agreement in writing, reference is hereby made for all of the terms,
conditions and provisions thereof, and
NOW THEREFORE, the parties mutually agree to the following terms and
conditions as follows:
1. Assignee to pay all rents and late fees that are currently in arrears
on the lease. This Is subject to Assignees approval of total amount of
arrears. Assignor guarantees that the leasehold estate is not encumbered by
any other means.
2. Assignee will open an escrow Account With First American Title Utah
Division Mesquite, Nevada Branch, hereinafter "First American Title". Xxxxxxx
money will be $1,000.00 and will be credited towards the total consideration
of $30,000.00 at the time of assignment.
3. Assignor understands that the assignees Xxx Xxxxxx, Xxxx Xxxxxx and
Xxxxxxx Xxxxxx are licensed Real Estate agents in the Stale of Nevada and that
the assignees will receive a commission from this transaction. Said commission
will not be paid by Assignor. Assignor further understands that other parties
will be Involved as partners with the assignees in this transaction.
4. Assignee agrees to pay Assignor $30,000.00 dollars In consideration for
assignment of lease, this money will be paid in cash or certified funds within
30 days of receipt of verification of acceptance of assignment of lease and
cashing of arrearage payment check (approximately 48,125.00) to J. Xxxxxx
Xxxxx court appointed Co-Guardian of Xxxx Xxxxxxxx. Receipt of verification
of acceptance and cashing of arrearage payment shall occur on or before 30
days following the date that said arrearage payment check is received by the
office of the Co-Guardian of Xxxx Xxxxxxxx. Arrearage payment check shall be
sent via certified mail with return receipt requested. If receipt of
verification of acceptance and cashing of arrearage payment check is not
received within said 30 day time period, Assignee may at its option cancel and
receive a refund of all monies deposited with First American Title and may at
It's option Instruct First American Title to issue a stop payment on the
arrearage payment check.
5. If any of these conditions are not met, or If the lease has been
cancelled as determined by a court of law, all monies deposited will be
returned immediately to assignee,
IN WITNESS THEREOF, the parties hereto have hereunto set their hands the
day and year first above written.
Dated this 27th Day of August, 1998
Assignor:
Industries International, Inc.
By: /s/ Xxx Xxxxxx
Xxx Xxxxxx, President
Assignee:
Xxxxxxx Xxxxxx and or Nominees
By: /s/ Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
By: /s/ Xxx Xxxxxx
Xxx Xxxxxx
By: /s/ Xxxx Xxxxxx
Xxxx Xxxxxx
