Exhibit 10.7
ECLIPS MEDIA TECHNOLOGIES, INC.
110 Greene Street
Suite 403
New York, NY 10012
June 9, 2010
RZ Acquisition Corp.
110 Greene Street
Suite 403
New York, NY 10012
Attention: Gregory D. Cohen,
Chief Executive Officer
Re: Assignment Agreement
Mr. Cohen,
On June 6, 2010, under the terms of a Peaceful Possession Agreement (the Peaceful Possession
Agreement), we received possession of all of the assets (the Assets) of RootZoo Inc., a Delaware
corporation (Rootzoo). The Peaceful Possession Agreement was executed and the Assets were turned
over to us by Rootzoo due to their default under the terms of a secured promissory note and
security agreement which protected certain monies advanced by us to Rootzoo. By the terms of this
letter agreement and as one of our subsidiaries, we hereby assign to you all of the Assets.
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ECLIPS MEDIA TECHNOLOGIES, INC.
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By: |
/s/ Gregory D. Cohen
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Gregory D. Cohen, |
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Chief Executive Officer |
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AGREED TO AND ACCEPTED
RZ ACQUISITION CORP. |
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By:
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/s/ Gregory D. Cohen |
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Gregory D. Cohen, Chief Executive Officer |
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