ABSOLUTE ASSIGNMENT OF DEBT THIS ASSIGMENT Date ____________________BETWEEN:

HALO Foundation (The Assignor)

&
________________

____ (The Assignee)

WHERE AS (A) THE DEBTOR(S), See Exhibit A for the breakdown of the Debtor(s), is indebted to the
Assignor in the sum of $______________ _AMOUNT OF DEBT (THE DEBT) and (B) The Assignor wishes
to assign to the assignee, and the Assignee wishes to receive an assignment of the Debt. NOW
THEREFORE, in consideration of the recitals, the mutual covenants hereinafter set forth, and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto hereby agree as follows:
1. The Assignor hereby assigns transfers and set over unto the Assignee the Debt together with all
advantage and benefit to be derived there from.
2. As consideration for the assignment, the Assignee agrees to pay to the Assignor $______________,
concurrently with the execution of this Agreement, the sum of _______________ (50% of the Face
Amount).
3. The Assignor hereby acknowledges, covenant and agree that Debt justly and truly owes by the Debtor
to the Assignor.
4. The Assignor covenants and agrees with the Assignee that all the request of the Assignee, the
Assignor shall assign to the Assignee all rights, title of the assignment note, and interest in any security
in respect of the Debt assigned by this Assignment, and the same shall be deemed security granted by
the Assignor to the Assignee.
5. The Assignor acknowledges and agrees that all rights in respect of the Debt have been assigned to the
Assignee, but that the acceptance by the Assignee of this Assignment shall not impose upon the
Assignee any obligation to take any steps to effect the collection of same or to ensure that the Debt
does not become statue barred by the operation of any law relating to limitation of actions, or
otherwise.
6. Assignee understands that these debts are only notes and do not have any entitlement to the
collateral. For example, Auto notes are the contracts of the collateral and not the actual automobile.
Assignee understands that there is no representation of any access, entitlements, and or ownership of
the collateral represented by the note.
7. Assignee understands that the Assignor or Assignors designator will report debt from the debts
inception to the credit reporting agencies.
8. Assignee understands that the initial payment is for an option period of approximately 60 days of due
diligence, in that time the same package will be shopped to other interested Assignees. Assignor will
accept the first assignee who exercises their option to buy that said debt package.
9. Assignor can extend their option by paying an extension fee per extended month.

Assignor Initials:

Assignee Initials:

_____________

_____________

10. The Assignee acknowledges and understands that the personal information to obtain the assignment
will include the Assignees name, address, date of birth and social security number.
11. If Option is exercised, Exhibit B will be signed by both parties and all contracts will be given to
Assignee.

__________________________

__________________________

Assignor

Assignee

Manuel Henry
HALO Foundation representative

Assignor Initials:

Assignee Initials:

_____________

_____________

Exhibit B:
If Option is exercised, please review:
IN WITHNESS WHERE OF the parties here to have executed this Agreement as of the date first written
above.
WITNESS: HALO FOUNDATION (Assignor)
&
WITNESS: __________________(ASSIGNEE)
FOR YOUR OWN RECORDS, ALSO FILL OUT THIS FORM:
NOTICE AND DIRECTION TO:
See Exhibit A for list of Debtor(s)_______the Debtor(s)
TAKE NOTICE the undersigned, HALO FOUNDATION, the Assignor has assigned to ______________
(the Assignee) all of its rights, title of the assignment note and interest in and to the debt owing by you
to the Assignor in the amount of $______________________ (the Debt).
You are hereby irrevocably authorized and directed to make all future payments under the Debt directly
to the Assignee as follows:
(Name of Assignee)
(Address of Assignee)
(Telephone No. of Assignee).
Let this be your good and sufficient authority for so doing.
Dated this ______________________day of_________________, 20_______.
WITNESS: ________________________( Assignor) Now that the debt is officially in their(your) name, its
time to negotiate with the original creditor and/or collection agencies using the ABSOLUTE ASSIGNMENT
OF DEBT AGREEMENT and DEBT UPDATE LETTER to report debt in the new account owner/s name
MINUS the negative debt.

__________________________

__________________________

Assignor

Assignee

Manuel Henry
HALO Foundation representative

Assignor Initials:

Assignee Initials:

_____________

_____________