EX-10.1 2 ex101.txt EXHIBIT 10.1 Exhibit 10.1 ASSIGNMENT AND ASSUMPTION AGREEMENT THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Agreement") is made effective as of the 30th day of June, 2006, between Aventura Holdings, Inc., a Florida corporation ("Seller") and Craig A. Waltzer, an individual ("Buyer"). W I T N E S S E T H: WHEREAS, Seller currently holds 100% of the outstanding member units (the "Units") in Aventura Networks, LLC, a Florida limited liability company ("Networks"); and WHEREAS, Seller desires to sell, convey, assign, transfer and deliver to Buyer all of the Units in exchange for Buyer's assumption of any and all liabilities of Seller associated with the ownership and/or operation of Networks (the "Liabilities"); NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 1. Assignment of the Units. Seller hereby transfers, assigns and sets over ------------------------ unto Buyer all of Seller's right, title and interest in and to the Units. 2. Assumption of the Liabilities. Buyer hereby assumes and agrees to pay, ------------------------------- or cause to be paid when due, or otherwise discharge, the Liabilities. Except as set forth herein, Buyer assumes no other debts, obligations or liabilities of Seller whatsoever. 3. Miscellaneous. This Agreement and all of the terms and provisions hereof ------------- shall be binding upon and inure to the benefit of Seller and Buyer and their respective successors and assigns. IN WITNESS WHEREOF, Company and Buyer have caused this Agreement to be duly executed and delivered as of the date first above written. AVENTURA HOLDINGS, INC. /s/ Craig A. Waltzer /s/ Craig A. Waltzer ----------------------- ----------------------- By: Craig A. Waltzer Craig A. Waltzer, an individual Its: President