name / content / group

name: Assumption

content: 293064

Assumption. Empire agrees to assume primary liability for the payment of the Obligations set forth on Exhibit "A" attached hereto, which obligations are currently reflected as liabilities on EMCO's balance sheet.
Assumption. Copperstate agrees to assume primary liability for the payment of (i) the obligations set forth on Exhibit "A" attached hereto, which obligations are currently reflected as liabilities on EMCO's balance sheet, and (ii) the liabilities arising under the Equity Claim.