Exhibit 10.6
ASSIGNMENT AGREEMENT
THIS AGREEMENT is made effective this 20th day of July, 2005.
BETWEEN:
SOUND REVOLUTION INC., a company incorporated under the laws of Delaware
("Sound Revolution" )
OF THE FIRST PART
AND:
CHARITY TUNES INC. , a company incorporated under the laws of Delaware
("Charity Tunes" )
OF THE SECOND PART
WHEREAS:
A. Charity Tunes is a wholly owned subsidiary of Sound Revolution whose shares are listed for trading on the Over-the-Counter Bulletin Board under the symbol SRVN. Sound Revolution Inc. and its subsidiaries are participating in a re-organization whereby Sound Revolution Inc. and Sound Revolution are transferring all assets related to their music downloads business to Charity Tunes;
B. Sound Revolution is a party to an agreement with Ryan J. Tunnicliffe, a musician and music producer, which was entered into on or about August 1, 2003, whereby Tunnicliffe granted to Sound Revolution rights to produce and distribute seven songs for a period of six years. Also, Sound Revolution is party to an agreement with Tunnicliffe dated September 14, 2004 whereby Tunnicliffe agreed to design all graphics for charitytunes.com (together, the " Agreements" );
C. Sound Revolution now wishes to assign to Charity Tunes all of Sound Revolution' s rights, title and interests in the Agreements;
NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, the parties hereto agree as follows:
1 1. Sound Revolution hereby grants, assigns, transfers and sets over absolutely and unco ...
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