EVO TECH 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 Evo Tech, Inc. ("Evo Tech").
W I T N E S S E S T H :
WHEREAS, Assignor is a party to that certain contract (the "Evo Tech
Consulting Agreement") dated ____________ _____, 2001, between Argo and Evo
Tech, Inc;
WHEREAS, Assignor wishes to assign its interest in the Evo Tech
Consulting Agreement to Assignee, and Assignee is willing to accept such
assignment;
WHEREAS, Evo Tech is also a party to the Evo Tech Consulting Agreement
between Argo and Evo Tech, and Evo Tech is willing to consent to the Assignment
by Assignor to Asignee of Assignor's interest in the Evo Tech 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 Evo Tech Consulting Agreement between Argo and Evo Tech.
2. Evo Tech hereby consents to the foregoing Assignment.
Argo, Inc. Safetek Acquisition, Inc.
(Assignor) (Assignee)
By: ______________________________ By: ______________________________
Xxx Xxxxxx, President Xxxxxx X. Xxxxxxxxx, President
Evo Tech, Inc.
By: ______________________________
Bosilio Chen, President