8/3/2019 Assignment of Accounts Receivable_With Recourse

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Copyright Envision Corporation. 2002. All rights reserved. Protected by the copyright laws of the United States & Canada and by International treaties. IT ISILLEGAL AND STRICTLY PROHIBITED TO DISTRIBUTE, PUBLISH, OFFER FOR SALE, LICENSE OR SUBLICENSE, GIVE OR DISCLOSE TO ANY OTHERPARTY, THIS PRODUCT IN HARD COPY OR DIGITAL FORM. ALL OFFENDERS WILL BE SUED IN A COURT OF LAW.

ASSIGNMENT OF ACCOUNTS RECEIVABLE

This is an agreement made and effective [EFFECTIVE DATE],

BETWEEN: [NAME] a corporation organized and existing under the laws of the[STATE/PROVINCE], with its head office located at:

AND: [NAME] a corporation organized and existing under the laws of the[STATE/PROVINCE], with its head office located at:

FOR VALUE, RECEIVED, the undersigned, [NAME] hereby sells and transfers all right, title and interestin and to the account(s) receivable as annexed; to [NAME]. [NAME], the undersigned warrants that said

account(s) are just and due and the undersigned has not received payment for same or any part thereof.

It is further provided that if any said account does not make full payment within [NUMBER] days, saidaccount(s) may be retransferred to the undersigned and the undersigned shall repurchase the same forthe balance then owing on said account(s).

Signed under seal this [DATE].

NAME NAME

Authorized Signature Authorized Signature

Print Name and Title Print Name and Title

Assignment of Accounts Receivable (With Recourse) Page 1 of 1