ASSIGNMENT AND ASSUMPTION
THIS ASSIGNMENT AND ASSUMPTION is made and entered into as of this 19th
day of August, 2005, by and between 110 Media Group, Inc., a Delaware
corporation, having its office at 00 Xxxxxxxxxxx Xxxx, Xxxxxxxx, XX
("Assignor"), and Jade Entertainment Group, Inc., Xxxxxxx Xxxxxxx and Xxxxxxx
Xxxxxx, a New York corporation, each having an office at 00 Xxxxxxxxxxx Xxxx,
Xxxxxxxx, XX (collectively referred to as the "Assignee").
Effective as of 12:01 A.M. on August 20, 2005 ("Effective Date"), Assignor
hereby assigns to Assignee all of its right, title and interest under (i) the
contracts, agreements, commitments and leases of Seller which are identified in
Schedule A hereto (the "Assumed Contracts"); and (ii) all permits and licenses
identified in Schedule B hereto, if and to the extent transferable (the
"Licenses").
Effective as of the Effective Date, Assignee hereby assumes all
liabilities and obligations of the Assignor under each of the Assumed Contracts
and Licenses to the extent that any such liabilities and obligations arise after
the Effective Date and then only in respect of events and time periods occurring
after the Effective Date, subject to all rights of offset, defenses, causes of
action, counterclaims, and claims of any nature against third parties that might
be available to Assignee in respect to the obligations assumed hereby.
IN WITNESS WHEREOF, the undersigned have entered into this Agreement by
their duly authorized officers as of the date first set forth hereinabove.
110 MEDIA GROUP, INC., as Assignor
By: /s/ Xxxxxx X. Xxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: CFO
JADE ENTERTAINMENT GROUP, INC.
By: /s/ Xxxxxxx Xxxxxx
----------------------------------------
Name: Xxxxxxx Xxxxxx
Title: President
/s/ Xxxxxxx Xxxxxxx
--------------------------------------------
Xxxxxxx Xxxxxxx, Personally
/s/ Xxxxxxx Xxxxxx
--------------------------------------------
Xxxxxxx Xxxxxx, Personally
SCHEDULE A
1) Lease for office space located at 00 Xxxxxxxxxxx Xxxx Xxxxx 000, Xxxxxxxx,
XX 00000 - Realty 2001 Corp.
2) Telephone lease for phones located in above mentioned office space - Great
American Leasing
3) All Dell Computer leases
4) Health Insurance - Oxford
5) Xxxxxx.xxx
6) Konica Leasing
7) Deer Park Water
8) Cablevision
SCHEDULE B
xxxxxxxxxxxx.xxx Jun 07, 2004 Aug 17, 2006 2
xxxxxxxxxxx.xxx Apr 29, 2005 May 02, 2006 1
xxxxxxxxxxxx.xxx Jun 07, 2004 Aug 22, 2006 2
xxxxxxx.xxx Jan 15, 2004 Apr 05, 2008 2
xxxxxxxxxxxx.xxx Apr 12, 2005 Apr 13, 2006 1
xxxxxxxxxxx.xxx Jun 07, 2004 Aug 11, 2005 1
xxxxxxxxx.xxx Jul 11, 2005 Jul 14, 2006 1
xxxxxxxxxxxxxxxx.xxx Jul 23, 2005 Jul 26, 2006 1
xxxxxxxxxxxxxxxxxx.xxx Jul 22, 2005 Jul 25, 2006 1
xxxxxxxxxxxxxxxx.xxx Apr 02, 2004 Apr 02, 2006 2
xxxxxxxxxxxxxxx.xxx Jul 20, 2005 Jul 23, 2006 1
xxxxxxxxxxx.xxx Nov 30, 2004 Dec 01, 2005 1
xxxxxxxxxx.xxx Apr 12, 2005 Apr 13, 2006 1
xxxxxxxxxxxxxxxxxxxxxx.xxx Mar 22, 2005 Mar 23, 2007 2
xxxxxxxx.xxx Jun 30, 2005 Jul 01, 2006 1
xxxxxxxx.xxx Jun 29, 2005 Jun 30, 2006 1
xxxxxxxxxxxxxxxxxxxxxx.xxx May 20, 2005 May 21, 2006 1
xxxxxxxxxxxxxxxxxxxxxx.xxx May 20, 2005 May 21, 2007 2
xxxxxxxxx.xxx Jun 30, 2005 Jul 01, 2006 1
xxxxxxxxx.xxx May 20, 2004 May 20, 2006 2
xxxxxxxxxxx.xxx Feb 11, 2005 Feb 12, 2006 1
xxxxxxxxxxxxxx.xxx Mar 24, 2004 Mar 24, 2006 2
xxxxxxxxxx.xxx Apr 13, 2005 Apr 14, 2006 1
xxxxxxxxxxxx.xxx Apr 22, 2005 Apr 25, 2006 1
xxxxxxxxxxxxx.xxx Oct 18, 2004 Oct 18, 2005 1
xxxxxxxxxxxx.xxx Apr 10, 2005 Apr 13, 2006 1
xxxxxxxxxx.xxx Jun 30, 2005 Jul 01, 2006 1
xxxxxxxxxxx.xxx Jun 30, 2005 Jul 01, 2006 1
xxxxxxxx.xxx Apr 26, 2004 Apr 26, 2006 2
xxxxxxxxxx.xxx Aug 02, 2005 Aug 05, 2006 1
xxxxx00.xxx Jul 01, 2005 Jul 01, 2006 1
xxxxx00.xxx Jul 13, 2005 Jul 14, 2006 1
xxxxxxx.xxx Jun 28, 2005 Jun 29, 2006 1
xxxxxxx.xxx Jul 13, 2005 Jul 14, 2006 1
xxxxxxxxxxx.xxx Jul 13, 2005 Jul 14, 2006 1
xxxxxxxxxxx.xxx Jul 13, 2005 Jul 14, 2006 1
xxxxxxxxxxxxxx.xxx Feb 11, 2005 Feb 12, 2006 1
xxxxxxxxxxxxxx.xxx Mar 24, 2004 Mar 24, 2006 2
xxxxxxxxxxxx.xxx Mar 24, 2004 Mar 24, 2006 2
xxxxxxx.xxx Jun 04, 2005 Jun 07, 2006 1
xxxxxxxxxxxx.xxx Apr 12, 2005 Apr 13, 2006 1
xxxxxxxxxx.xxx Oct 18, 2004 Oct 18, 2005 1
xxxxxxxx.xxx Oct 05, 2004 Oct 05, 2006 2
xxxxxxxx.xxx Oct 19, 2004 Oct 19, 2005 1
xxxxxxxxxxxxxx.xxx Mar 30, 2005 Mar 31, 2006 1
xxxxxxxxx.xxx Apr 12, 2005 Apr 13, 2006 1
xxxxxxxxx.xxx Apr 12, 2005 Apr 13, 2006 1
xxxxxxxx.xxx Feb 08, 2005 Feb 11, 2006 1
xxxxxxxxxx.xxx Jun 07, 2004 Aug 11, 2006 2
xxxxxxxxxxxx.xxx Apr 12, 2005 Apr 13, 2006 1
xxxxxxxxxxxxx.xxx Apr 12, 2005 Apr 13, 2006 1
xxxxxxxxxxxxx.xxx May 25, 2005 May 28, 2006 1
xxxxxxxxxxxxxx.xxx May 25, 2005 May 28, 2006 1
xxxxxxxxxxxx.xxx Jun 07, 2004 Aug 11, 2006 2
xxxxxxxxxxxxxx.xxx May 20, 2005 May 23, 2006 1
xxxxxxxxxxxx.xxx Dec 31, 2004 Jan 03, 2006 1
xxxxxxxxxxxxx.xxx Jun 07, 2004 Aug 29, 2006 2
xxxxxxxxx.xxx Jun 30, 2005 Jul 01, 2006 1
xxxxxxxxxxxxx.xxx Mar 24, 2004 Mar 24, 2006 2
xxxxxxxxxxx.xxx Jun 30, 2005 Jul 01, 2006 1
xxxxxxx-xxxxx.xxx Jun 07, 2004 Aug 11, 2006 2
xxxxxxxxxxxx.xxx Apr 20, 2005 Apr 21, 2006 1
xxxxxxxxxx.xxx Dec 18, 2003 Jan 16, 2006 2
xxxxxxxxxx.xxx May 28, 2004 Aug 15, 2005 1
xxxxxxxxxxx.xxx Nov 02, 2004 Nov 05, 2005 1
xxxxxxxxxxx.xxx Jul 29, 2005 Aug 01, 2006 1
xxxxxxxxxxx.xxx Feb 28, 2005 Mar 01, 2006 1
xxxxxxxxxxxxxxx.xxx Nov 02, 2004 Nov 03, 2005 1
xxxxxxxxxxxxxxxxxx.xxx Jul 20, 2005 Jul 23, 2006 1
xxxxxxxxxxx.xxx Jul 31, 2005 Aug 03, 2006 1
xxxxxxxxxxxxx.xxx Apr 16, 2005 Apr 19, 2006 1
xxxxxxxxxxxx.xxx
