ASSIGNMENT OF ASSETS
______________________________________ (hereinafter referred to as Stockholder) and _________________________________ (hereinafter referred to as "Corporation") make and enter into the following agreement on this ______________ day of ______________:
WHEREAS, the Corporation will be formed by Articles of Incorporation being filed with the Secretary of the State of _________________ on the _____________ day of _____________________. At the time of formation, all claims, rights, and ownership of certain assets must be transferred into the Corporation in order to capitalize the Corporation; and
WHEREAS, Stockholder desires to transfer certain assets shown on the attached copy marked as Exhibit A and the Corporation desires to receive said assets.
NOW, THEREFORE, for and in consideration of the mutual covenants and agreements hereinafter entered into, it is agreed as follows:
1. Stockholder hereby transfers, passes, and assigns all assets listed on the attached Exhibit "A" to the Corporation.
2. In consideration for said transfer of assets, the Corporation agrees to issue to Stockholder (______) shares of _________________________ stock in the Corporation. The par value of such shares being not less than $________ per share.
DATED on this ________________ day of _________________.
_________________________ Stockholder
BY: ________________________ Corporation