Asset Sale Agreement between Advanced Cannabis Solutions, Inc. and Steven Tedesco

Contract Categories: Business Finance › Purchase Agreements
Summary

Advanced Cannabis Solutions, Inc. has agreed to transfer all assets related to its oil and gas map business to Steven Tedesco. In return, Steven Tedesco will assume all liabilities associated with that business. The agreement is effective as of December 30, 2013, and is signed by both parties.

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EX-10.7 5 cann_ex107.htm AGREEMENT REGARDING SALE cann_ex107.htm
 
EXHIBIT 10.7
ASSET SALE AGREEMENT


The parties hereto agree as follow:

1. Effective as of the date of this Agreement, Advanced Cannabis Solutions, Inc. does hereby assign all of its assets, tangible or intangible, relating to its oil and gas map business to Steven Tedesco.

2. In consideration for the transfer of such assets, Steven Tedesco agrees to assume all of the liabilities of Advanced Cannabis Solutions, Inc. relating to its oil and gas map business.


December 30, 2013

ADVANCED CANNABIS SOLUTIONS, INC.



By: /s/ Robert L. Frichtel                                                                
       Robert L. Frichtel, President


/s/ Steven Tedesco                                                          
Steven Tedesco









ACS Asset Sale Agree. Tedesco 12-30-13