BILL OF SALE, ASSIGNMENT,
AND ASSUMPTION AGREEMENT
THIS BILL OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Bill of Sale and Assumption” ), dated as
of August 1, 2004 (the “Closing Date” ), is made and delivered by and between BLUEJACK SYSTEMS, L.L.C., a Washington
limited liability company ( “Seller” ), and XETA TECHNOLOGIES, INC., an Oklahoma corporation ( “Assignee” ).
This Bill of Sale and Assumption is being executed and delivered pursuant to the terms of that certain Asset Purchase
Agreement dated effective of even date herewith (the “Acquisition Agreement” ), by and among Seller, Assignee and GREG
FORREST, Seller’s sole member.
WHEREAS, the Acquisition Agreement provides, among other things, for Seller’s sale, transfer and assignment, and
Assignee’s purchase, of all or substantially all of Seller’s assets and for Assignee’s assumption of only certain of its liabilities;
WHEREAS, capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the
NOW, THEREFORE, pursuant to the Acquisition Agreement, in consideration for the premises and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1. Seller hereby sells, transfers, assigns, conveys and delivers to Assignee, its successors and assigns forever, all
right, title and interest and good and valid title in and to the Assets, absolutely free and clear of all Encumbrances.
2. Seller hereby acknowledges receipt of that portion of the Purchase Price due and payable as of the Closing Date.
3. Assignee hereby assumes and agrees to pay, perform or otherwise discharge all of the Assumed Liabilities and no
4. Seller and Assignee shall each execute and deliver to the other party hereto all such further instruments,