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ASSUMPTION OF GUARANTEE FOR PAYMENT

Assumption Agreement

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This Assumption Agreement involves

AESP INC

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Title: ASSUMPTION OF GUARANTEE FOR PAYMENT
Date: 5/11/2005
Industry: Computer Peripherals    

ASSUMPTION OF GUARANTEE FOR PAYMENT, Parties: aesp inc
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EXHIBIT 10.42

Assumption of Guarantee for Payment of
Consideration for the Transfer of Ownership Interest

On March 04, 2005 Apron, s.r.o., Id. no.: 47913304, seated at Sobolákova 309, 148 00 Praha 4, Kunratice, (hereafter “Apron”) , as the Purchaser, and AESP, Inc., seated at 1810 N.E. 144th Street, North Miami, FL 33181, U.S.A., (hereafter “AESP”) , as the Transferor, entered into a Contract on Transfer of Ownership Interest in INTELEK spol. s r.o., seated at Vlárská 953/22, 627 00 Brno, the Czech Republic, registered with the Commercial Register kept by the Regional Court in Brno, Section C, Insert no. 12338, Id. no.: 49446118 (hereafter the “Company“), on the basis of which AESP has transferred to Apron 100% ownership interest in the Company (hereafter the “Contract on Transfer of Ownership Interest “) .

With regard to the above-mentioned, AESP and Ing. Ivo Kravá ek, birth no. 610920/1461, resident at Brno, Dominikánské nám. 8, pos


 
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