FORM OF ASSET CONTRIBUTION AGREEMENTContribution Agreement |
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Exhibit 99.2--Information submitted to Shareholders related to the Bigwater
transaction consent resolution
EXHIBIT 99.2(A)--FORM OF ASSET CONTRIBUTION AGREEMENT
THIS ASSET CONTRIBUTION AGREEMENT (this "Agreement") is made and entered as of
the date executed as indicated on the signature page by and between BigWater
Technologies, Inc., a Delaware corporation ("BigWater"), and the individuals
listed on Exhibit A attached hereto (collectively the "Contributors").
A. The Contributors, as a group referred to as Assentive Purchase Group LLC,
entered into an Asset Purchase and Sale Agreement dated on or about April 18,
2002 ("Asset Purchase"), with Assentive Solutions, Inc. ("Assentive") to
purchase certain identified assets ("Assets") from Assentive. The Assets were
purchased with approximately $98,000 that Contributors were entitled to receive
as a distribution upon the dissolution and winding up of Assentive as Assentive
Series AA Preferred Share stockholders. In lieu of the $98,000, Contributors
elected to receive the Assets. Accordingly, Contributors currently own an
undivided pro rata interest in the Assets based upon their prior aggregate
ownership of Assentive Series AA Preferred Shares.
B. The Asset Purchase was arranged and carried out by James A. Egide, Chett B.
Paulsen, and Edward B. Paulsen who are the founders of BigWater (the
"Founders"). The Founders also arranged for and took delivery of and are
currently holding the Assets for the benefit of the Contributors.
C. The Founders and Contributors by arranging the Asset Purchase, entering into
the Asset Purchase, and taking delivery of the Assets intended to receive the
Assets for and on behalf of an entity which could develop and implement a
business plan to place the Assets into service through the efforts of the
Founders.
D. In order to implement the intent of the Contributors and the Founders, the
parties now desire to enter into this Agreement where by the Assets are
transferred to BigWater within which the Founders are empowered to implement
their business plan and place the Assets into service and the Contributors
receive an ownership interest in BigWater.
NOW, THEREFORE, in consideration of the mutual covenants herein contained and
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, BigWater and Contributors agree as follows:
1. CONTRIBUTION OF ASSETS.
1.1 Contribution of Assets. Subject to the provisions of this Agreement, the
Contributors agree to contribute to BigWater, and BigWater agrees to
receive from the Contributors, as of April 18, 2002 (the "Effective Date")
all right, title, and interest in and to the Assets specifically identified
On Exhibit B attached hereto and incorporated herein.
1.2 Waiver of Rights. Upon entering into this Agreement, the Contributors






