Contribution Agreement between Tatum L. Morita and Gold Party Payday, Inc.
Tatum L. Morita has agreed to contribute all of her ownership interests in Gold Party Payday LLC to Gold Party Payday, Inc. In return, she will receive 4,000,000 shares of common stock in Gold Party Payday, Inc., representing all of the company's currently issued shares. The agreement confirms that this exchange is for fair consideration and is effective as of September 20, 2011.
EXHIBIT 10.2
TATUM L. MORITA
c/o Gold Party Payday LLC
3189 Pepperhill Road
Lexington, Kentucky 40502
September 20, 2011
Gold Party Payday, Inc.
3189 Pepperhill Road
Lexington, Kentucky 40502
Contribution Agreement
Ladies and Gentlemen:
Tatum L. Morita hereby contributes to the capital of Gold Party Payday, Inc., a Delaware corporation (“GPPI”), effective as of the date hereof, 100% of the issued and outstanding membership interests of Gold Party Payday LLC, a Kentucky limited liability company, all of which membership interests are owned of record solely by Ms. Morita.
In exchange for such capital contribution, GPPI is issuing to Ms. Morita an aggregate of 4,000,000 shares of common stock, par value $0.00001 per share, of GPPI, constituting all of the currently issued and outstanding shares of common stock of GPPI. The parties acknowledge that the exchange is for fair consideration.
| Very truly yours, |
| /s/ Tatum L. Morita |
| Tatum L. Morita |
Accepted and Agreed as of
September 20, 2011
GOLD PARTY PAYDAY, INC.
| By: | /s/ Tatum L. Morita |
| Tatum L. Morita | |
| President and Chief Executive Officer |
