Assignment of Accounts Receivable, With Recourse

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 interest in 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, said account(s) may be retransferred to the undersigned and the undersigned shall repurchase the same for the balance then owing on said account(s).

Signed under seal this [DATE].

NAME NAME

Authorized Signature Authorized Signature

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