Assignment Agreement between International Equity Partners and On Guard Systems, Inc. regarding ECSI International, Inc. Rights
International Equity Partners agrees to transfer all its rights and interests in a prior agreement with ECSI International, Inc. to On Guard Systems, Inc. In return, On Guard Systems, Inc. will pay International Equity Partners $100,000 and issue one million shares of its common stock, both to be delivered within 30 days of On Guard Systems, Inc.'s merger or acquisition by Guideline Capital, Inc. This agreement is effective as of June 24, 2003.
AGREEMENT
This Agreement is entered into this 24th day of June, 2003 by and between International Equity Partners, and On Guard Systems, Inc., a Nevada corporation.
RECITALS
1.
Whereas, International Equity Partners has entered into a Sales Representative Agreement with ECSI International, Inc., and;Whereas On Guard Systems, Inc. wishes to acquire the rights of International Equity Partners in the ESCI International, Inc. Agreement and;
Whereas International Equity Partners is willing to assign their position in the contract with ECSI International, Inc.,
Now therefore it is hereby agreed as follows;
a.
International Equity Partners hereby assigns all of their right, title and interest in the Agreement of December 5, 2002 between International Equity Partners and ECSI International, Inc., to On Guard Systems, Inc.b.
In consideration, thereof, On Guard Systems, Inc. agrees to pay International Equity Partners the sum of one hundred thousand dollars ($100,000.00) USD, within thirty (30) days of On Guard Systems, Inc.'s merger or acquisition by Guideline Capital, Inc. and to issue one million (1,000,000) shares of On Guard Systems, Inc.'s common stock to International Equity Partners simultaneous with the payment of the above sum.
By:/s/ Ernest J. Wesson
Ernie Wesson, President
On Guard Systems, Inc.
By:/s/ Samuel Higgins
Samuel Higgins, Managing Director
International Equity Partners
