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Sulphco Inc – ‘10-K’ for 12/31/07 – ‘EX-10.59’

On:  Wednesday, 3/12/08, at 4:34pm ET   ·   For:  12/31/07   ·   Accession #:  1144204-8-14761   ·   File #:  1-32636

Previous ‘10-K’:  ‘10-K’ on 4/2/07 for 12/31/06   ·   Next:  ‘10-K’ on 3/6/09 for 12/31/08   ·   Latest:  ‘10-K/A’ on 4/28/11 for 12/31/10

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/12/08  Sulphco Inc                       10-K       12/31/07   15:2.9M                                   Toppan Vintage/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.37M 
 2: EX-3.1      Articles of Incorporation/Organization or By-Laws   HTML     15K 
 3: EX-10.52    Material Contract                                   HTML     20K 
 4: EX-10.53    Material Contract                                   HTML     26K 
 5: EX-10.54    Material Contract                                   HTML     26K 
 6: EX-10.55    Material Contract                                   HTML     60K 
 7: EX-10.56    Material Contract                                   HTML     61K 
 8: EX-10.57    Material Contract                                   HTML     54K 
 9: EX-10.58    Material Contract                                   HTML     54K 
10: EX-10.59    Material Contract                                   HTML     47K 
11: EX-23.1     Consent of Experts or Counsel                       HTML      9K 
12: EX-23.2     Consent of Experts or Counsel                       HTML     10K 
13: EX-31.1     Certification -- Sarbanes-Oxley Act - Sect. 302     HTML     16K 
14: EX-31.2     Certification -- Sarbanes-Oxley Act - Sect. 302     HTML     16K 
15: EX-32.1     Certification -- Sarbanes-Oxley Act - Sect. 906     HTML     12K 


EX-10.59   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



EXHIBIT 10.59

ASSIGNMENT AND CONSENT

This Assignment and Consent is made this ___ day of February, 2008 among the undersigned.

WHEREAS, Dr. Rudolf Gunnerman and Doris Gunnerman (collectively “Gunnerman”) on the one hand and Ellis Capital LP and Iroquois Master Fund Ltd. (“Ellis” and “Iroquois”, respectively) on the other hand, entered into as of February 12, 2008, a Stock Purchase Agreement, Stock Option Agreement, Lockup Agreement, Purchase Escrow Agreement, and Stock Option Funds Escrow Agreement (collectively, “Transaction Documents”) in connection with the sale and purchase and option to purchase common stock of Sulphco, Inc. (“Common Stock”); and

WHEREAS, Gunnerman, Ellis and Iroquois agree to realign and assign the interests of Ellis and Iroquois in the Transaction Documents.

NOW, THEREFORE, in consideration of the mutual covenants, conditions and agreements herein contained, and intending to be legally bound, the parties hereto hereby agree as follows:

1. The interests and Proportionate Amounts of Ellis and Iroquois are assigned and realigned in the amounts set forth on Schedule A hereto.

2. The undersigned assignees agree that their signatures below are deemed to be their signatures and consent to their being parties to the Transaction Documents and entitled to the rights and benefits and bound by the obligations under the Transaction Documents in the amounts and interests set forth on Schedule A hereto, as if the undersigned assignees had executed such Transaction Documents.

3. Gunnerman consents to the assignment and realignment described in this Assignment and Consent.

4. This Assignment and Consent may be signed by facsimile and delivered electronically.

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
_____________________________________
_____________________________________
DORIS GUNNERMAN
 
[SIGNATURE PAGE TO ASSIGNMENT AND CONSENT]
 
 
 

 

[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
Name of Assignee: Joshua Silverman
 
Signature of Authorized Signatory of Assignee: _______________________________________

Name of Authorized Signatory: ____________________________________________________

Title of Authorized Signatory: _____________________________________________________

Fax Number of Assignee: 212-207-3452

Address for Notice to Assignee:

641 Lexington Avenue
New York, NY 10022

With a copy to (which shall not constitute notice):

Grushko & Mittman, P.C.
551 Fifth Avenue, Suite 1601
New York, NY 10176
Attn: Eliezer Drew, Esq.
Fax: (212) 697-3575
Email: counslers@aol.com

Address for Delivery of Securities for Assignee (if not same as above):


Proportionate Amount: 3.33%

[SIGNATURE PAGES CONTINUE]
 
 
2

 

[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
Name of Assignee: Philip Mirabelli
 
Signature of Authorized Signatory of Assignee: _______________________________________

Name of Authorized Signatory: ____________________________________________________

Title of Authorized Signatory: _____________________________________________________

Fax Number of Assignee: 212-207-3452

Address for Notice to Assignee:

641 Lexington Avenue
New York, NY 10022

With a copy to (which shall not constitute notice):

Grushko & Mittman, P.C.
551 Fifth Avenue, Suite 1601
New York, NY 10176
Attn: Eliezer Drew, Esq.
Fax: (212) 697-3575
Email: counslers@aol.com

Address for Delivery of Securities for Assignee (if not same as above):
 

Proportionate Amount: 2%

[SIGNATURE PAGES CONTINUE]
 
 
3

 

[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
Name of Assignee: Aroon Dalamal
 
Signature of Authorized Signatory of Assignee: _______________________________________

Name of Authorized Signatory: ____________________________________________________

Title of Authorized Signatory: _____________________________________________________

Fax Number of Assignee: 212-207-3452

Address for Notice to Assignee:

641 Lexington Avenue
New York, NY 10022

With a copy to (which shall not constitute notice):

Grushko & Mittman, P.C.
551 Fifth Avenue, Suite 1601
New York, NY 10176
Attn: Eliezer Drew, Esq.
Fax: (212) 697-3575
Email: counslers@aol.com

Address for Delivery of Securities for Assignee (if not same as above):


Proportionate Amount: 2%

[SIGNATURE PAGES CONTINUE]
 
 
4

 

[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
Name of Assignee: Merav Abbe Irrevocable Trust
 
Signature of Authorized Signatory of Assignee: _______________________________________

Name of Authorized Signatory: ____________________________________________________

Title of Authorized Signatory: _____________________________________________________

Fax Number of Assignee: 212-207-3452

Address for Notice to Assignee:

641 Lexington Avenue
New York, NY 10022

With a copy to (which shall not constitute notice):

Grushko & Mittman, P.C.
551 Fifth Avenue, Suite 1601
New York, NY 10176
Attn: Eliezer Drew, Esq.
Fax: (212) 697-3575
Email: counslers@aol.com

Address for Delivery of Securities for Assignee (if not same as above):


Proportionate Amount: 11.33%

[SIGNATURE PAGES CONTINUE]
 
 
5

 

[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
Name of Assignee: Scot Cohen
 
Signature of Authorized Signatory of Assignee: _______________________________________

Name of Authorized Signatory: ____________________________________________________

Title of Authorized Signatory: _____________________________________________________

Fax Number of Assignee: 212-207-3452

Address for Notice to Assignee:

641 Lexington Avenue
New York, NY 10022

With a copy to (which shall not constitute notice):

Grushko & Mittman, P.C.
551 Fifth Avenue, Suite 1601
New York, NY 10176
Attn: Eliezer Drew, Esq.
Fax: (212) 697-3575
Email: counslers@aol.com

Address for Delivery of Securities for Assignee (if not same as above):


Proportionate Amount: 11.33%

[SIGNATURE PAGES CONTINUE]
 
 
6

 

[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
Name of Assignee: Iroquois Capital Opportunity Fund L.P.
 
Signature of Authorized Signatory of Assignee: _______________________________________

Name of Authorized Signatory: ____________________________________________________

Title of Authorized Signatory: _____________________________________________________

Fax Number of Assignee: 212-207-3452

Address for Notice to Assignee:

641 Lexington Avenue
New York, NY 10022

With a copy to (which shall not constitute notice):

Grushko & Mittman, P.C.
551 Fifth Avenue, Suite 1601
New York, NY 10176
Attn: Eliezer Drew, Esq.
Fax: (212) 697-3575
Email: counslers@aol.com

Address for Delivery of Securities for Assignee (if not same as above):


Proportionate Amount: 26.67%

[SIGNATURE PAGES CONTINUE]
 
 
7

 

[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
Name of Assignee: Iroquois Master Fund Ltd.
 
Signature of Authorized Signatory of Assignee: _______________________________________

Name of Authorized Signatory: ____________________________________________________

Title of Authorized Signatory: _____________________________________________________

Fax Number of Assignee: 212-207-3452

Address for Notice to Assignee:

641 Lexington Avenue
New York, NY 10022

With a copy to (which shall not constitute notice):

Grushko & Mittman, P.C.
551 Fifth Avenue, Suite 1601
New York, NY 10176
Attn: Eliezer Drew, Esq.
Fax: (212) 697-3575
Email: counslers@aol.com

Address for Delivery of Securities for Assignee (if not same as above):


Proportionate Amount: 13.34%

[SIGNATURE PAGES CONTINUE]
 
 
8

 

[SIGNATURE PAGES TO ASSIGNMENT AND CONSENT]

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date first above written.
 
Name of Assignee: Ellis Capital LP
 
Signature of Authorized Signatory of Assignee: _______________________________________

Name of Authorized Signatory: ____________________________________________________

Title of Authorized Signatory: _____________________________________________________

Fax Number of Assignee: 516-887-8990

Address for Notice to Assignee:

20 East Sunrise Highway
Valley Stream, New York 11581

With a copy to (which shall not constitute notice):

Grushko & Mittman, P.C.
551 Fifth Avenue, Suite 1601
New York, NY 10176
Attn: Eliezer Drew, Esq.
Fax: (212) 697-3575
Email: counslers@aol.com

Address for Delivery of Securities for Assignee (if not same as above):


Proportionate Amount: 30%
 
 
9

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/12/08
2/12/08
For Period End:12/31/074,  5
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Filing Submission 0001144204-08-014761   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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