KNIGHTSBRIDGE CAPITAL, LLC CEC INDUSTRIES, INC. "Assignee" "Assignor" By:/s/ AlyceSchreiber By:/s/ Jeffrey Sternberg --------------------------------- ---------------------------- Vice President President/CEOAssignment Agreement • November 15th, 2004 • Advantage Capital Development Corp • Blank checks
It is hereby agreed as of July 21, 2004 by and between CEC Industries, Inc. ("Assignor") and Knightsbridge Capital, LCC ("Assignee"), that in consideration of the sum of One Dollar ($1.00) and for such good and other valuable consideration paid by Assignee to Assignor, receipt of which is acknowledged, Assignee is succeeding to the rights and responsibilities of Assignor with respect to its ownership interest in eighty-five (85%) percent of the issued and outstanding shares of Paycard Solutions, Inc. which the Assignor acquired pursuant to a Acquisition and Financing Agreement between the Assignor and Paycard Solutions, Inc. Upon execution of this Agreement, Assignor shall be deemed the beneficial owner of eighty-five (85%) percent of the issued and outstanding shares of Paycard Solutions, Inc.
RESIGNATON AGREEMENT AND RELEASE This Resignation Agreement and Release ("Agreement") is entered into as of July 16, 2004, by and between CEC Industries, Inc., a Nevada corporation ("CEC") and Brian Dvorak ("Dvorak"). WHEREAS, CEC and Dvorak have...Resignaton Agreement and Release • November 15th, 2004 • Advantage Capital Development Corp • Blank checks • Nevada
SETTLEMENT AGREEMENT AND RELEASE This Settlement Agreement and Release ("Agreement") is entered into as of July 21, 2004, by and between CEC Industries, Inc., a Nevada corporation ("CEC") and Steve Reeder ("Reeder") and Empire Management Services...Settlement Agreement and Release • November 15th, 2004 • Advantage Capital Development Corp • Blank checks • Nevada
ASSIGNMENT AGREEMENT It is hereby agreed as of July 21, 2004 by and between CEC Industries, Inc. ("Assignor") and Empire Management Services and Stephen Reeder (collectively referred to as the "Assignees"), that in consideration of the sum of One...Assignment Agreement • November 15th, 2004 • Advantage Capital Development Corp • Blank checks
