ChatChing Inc. - FORM S-1 - EX-10.11 - ASSUMPTION OF CREDIT LINE OBLIGATION - PALIN - September 22, 2011

Attached files

file filename
EX-4.1 - FORM OF EMPLOYEE/CONSULTANT BENEFIT PLAN - ChatChing Inc.chatching_ex41.htm
EX-5.1 - LEGAL OPINION OF WILLIAMS SECURITIES LAW FIRM, P.A. - ChatChing Inc.chatching_ex51.htm
EX-10.13 - SEPTEMBER 19, 2011 ADDITIONAL CREDIT LINE - PALIN - ChatChing Inc.chatching_ex1013.htm
S-1 - FORM S-1 - ChatChing Inc.chatching_s1.htm
EX-3.2 - ARTICLES OF AMENDMENT TO THE ARTICLES OF INCORPORATION - ChatChing Inc.chatching_ex32.htm
EX-3.3 - BYLAWS - ChatChing Inc.chatching_ex33.htm
EX-3.1 - ARTICLES OF INCORPORATION - ChatChing Inc.chatching_ex31.htm
EX-10.9 - ASSUMPTION OF CREDIT LINE OBLIGATION - PFIRMAN - ChatChing Inc.chatching_ex109.htm
EX-10.1 - FORM OF CONSULTING AGREEMENT - ChatChing Inc.chatching_ex101.htm
EX-10.5 - CREDIT LINE AGREEMENT - PALIN - ChatChing Inc.chatching_ex105.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ChatChing Inc.chatching_ex231.htm
EX-10.3 - PROMISSORY NOTE - PFIRMAN - ChatChing Inc.chatching_ex103.htm
EX-10.4 - SECURITY AGREEMENT - PFIRMAN - ChatChing Inc.chatching_ex104.htm
EX-10.8 - CONSENT AND RELEASE - PFIRMAN - ChatChing Inc.chatching_ex108.htm
EX-10.7 - SECURITY AGREEMENT - PALIN - ChatChing Inc.chatching_ex107.htm
EX-10.6 - PROMISSORY NOTE - PALIN - ChatChing Inc.chatching_ex106.htm
EX-10.2 - CREDIT LINE AGREEMENT - PFIRMAN - ChatChing Inc.chatching_ex102.htm
EX-10.12 - SEPTEMBER 19, 2011 ADDITIONAL CREDIT LINE - PFIRMAN - ChatChing Inc.chatching_ex1012.htm
EX-10.10 - CONSENT AND RELEASE - PALIN - ChatChing Inc.chatching_ex1010.htm
EXHIBIT 10.11
 
ASSUMPTION OF CREDIT LINE OBLIGATION
 
 
FOR VALUE RECEIVED, ChatChing Inc., a Florida corporation, as Assignee, with an office  address of 5500 Military Trail, Suite 22-303, Jupiter, Florida 33458, hereby agrees to assume the obligations of ChatChing, Inc., a Washington corporation, as Assignor, with an office address of 14900 Interurban Ave S #271, Tukwila WA, relating to the following described Credit Line:
 
That certain Credit Line Agreement and related Promissory Note by and between ChatChing Inc, a Washington corporation, as Borrower, and Nickolas Palin, with an address of 19670 Beach Rd., Jupiter, FL  33458, as Lender, dated March 11, 2011, in the principal amount of $125,000.
 
The Assignee hereby assumes and agrees to perform all the remaining and executory obligations of the Assignor under the Credit Line Agreement and related Promissory Note and agrees to indemnify and hold the Assignor harmless from any claim or demand resulting from non-performance by the Assignee.
 
This assignment shall be binding upon and inure to the benefit of the parties, their successors and assigns.
 
Signed this 28th day of June, 2011.
 
 
ASSIGNOR
 
ChatChing Inc, a Washington corporation
 
By:  /s/Steven L. Pfirman  
  Steven L. Pfirman  
 
ASSIGNEE
 
ChatChing Inc., a Florida corporation
 
By:  /s/Steven L. Pfirman  
  Steven L. Pfirman  

ChatChing Inc. Reports