EXHIBIT 10.2

ASSIGNMENT FOR THE BENEFIT OF CREDITORS

ASSIGNMENT, made this 8th day of June, 2009, between JUST-RITE SUPPLY, INC., a
Florida corporation with its principal place of business located 3790 Park
Central Boulevard, North, Pompano Beach, Broward County, Florida  33064,
hereinafter “Assignor,” and MICHAEL P. PHELAN, whose address is 6861 S.W. 196th
Avenue, Suite 201-204, Ft. Lauderdale, Florida 33332, hereinafter “Assignee.”

WHEREAS, the Assignor, a subsidiary of Imperial Industries, Inc., is engaged in
the distribution of stucco, gypsum, roofing, insulation and masonry products, as
well as manufactured products produced by its affiliate, Premix-Marbletite
Manufacturing Co.

WHEREAS, the Assignor is indebted to creditors, as set forth in Schedule “A”
annexed hereto, is unable to pay its debts as they become due, and is desirous
of providing for the payment of its debts, so far as it is possible by an
assignment of all of its assets for that purpose.

NOW, THEREFORE, the Assignor, in consideration of the assignee’s acceptance of
this Assignment, and for other good and valuable consideration, hereby grants,
assigns, conveys, transfers, and sets over, unto the Assignee, her or his
successors and assigns, all of its assets, except such assets as are exempt by
law from levy and sale under an execution, including, but not limited to, all
real property, fixtures, goods, stock, inventory, equipment, furniture,
furnishings, accounts receivable, bank deposits, cash, promissory notes, cash
value and proceeds of insurance policies, claims and demands belonging to the
Assignor, wherever such assets may be located, hereinafter the “estate,” as
which assets are, to the best knowledge and belief of the assignor, set forth on
Schedule “B” annexed hereto.

The Assignee shall take possession and administer the estate in accordance with
the provisions of Chapter 727, Florida Statutes, and shall liquidate the assets
of the estate with reasonable dispatch and convert the estate into money,
collect all claims and demands hereby

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assigned as may be collectible, and pay and discharge all reasonable expenses,
costs, and disbursements in connection with the execution and administration of
this assignment from the proceeds of such liquidations and collections.

The Assignee shall then pay and discharge in full, to the extent that funds are
available in the estate after payment of administrative expenses, costs, and
disbursements, all of the debts and liabilities now due from the Assignor,
including interest on such debts and liabilities.  If funds of the estate shall
not be sufficient to pay such debts and liabilities in full, then the assignee
shall pay from the funds of the estate such debts and liabilities, on a pro rata
basis and in proportion to their priority as set forth in §727.114, Florida
Statutes.

In the event that all debts and liabilities are paid in full, any funds of the
estate remaining shall be returned to the Assignor.

To accomplish the purposes of this Assignment, the Assignor hereby appoints the
Assignee its true and lawful attorney, irrevocable, with full power and
authority to do all acts and things which may be necessary to execute the
assignment hereby created; to demand and recover from all persons all assets of
the estate; to sue for the recover of such assets; to execute, acknowledge, and
deliver all necessary deeds, instruments, and conveyances; and to appoint one or
more attorneys under her or him to assist the Assignee in carrying out her or
his duties hereunder.

The Assignor hereby authorizes the Assignee to sign the name of the Assignor to
any check, draft, promissory note, or other instrument in writing which is
payable to the order of the Assignor, or to sign the name of the Assignor to any
instrument in writing, whenever it shall be necessary to do so, to carry out the
purpose of this Assignment.

The Assignee hereby accepts the trust created by the assignment, and agrees with
the Assignor that the Assignee will faithfully and without delay carry out her
or his duties under the assignment.

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Assignor:

/s/ Betty J. Murchison

JUST-RITE SUPPLY, INC.,

Witness

a Florida corporation,

/s/ Steven Healy____

Witness

/s/ Howard L. Ehler, Jr.

Howard L. Ehler, Jr., Vice President

Assignee:

MICHAEL MOECKER & ASSOCIATES, INC.

/s/ Giselle Crombie

Witness

/s/ Michael P. Phelan

/s/ Nadia Joseph

Michael P. Phelan, Vice President

Witness

STATE OF FLORIDA

)

)  ss:

COUNTY OF BROWARD

)

The foregoing Assignment was acknowledged before me this 8th day of June, 2009,
by Howard L. Ehler, Jr., Vice President of Just-Rite Supply, Inc., as Assignor,
for the purposes therein expressed, who is personally known to me or who
produced _______________ as identification, and who did/did not take an oath.

/s/ Kimberly S. Smith

Notary Public, State of Florida

My Commission Expires: 11/25/2011

Print Name:_/s/ Kimberly S. Smith______________

STATE OF FLORIDA

)

)  ss:

COUNTY OF BROWARD

)

The foregoing Assignment was acknowledged before me this 11th day of June, 2009,
by Michael P. Phelan, Vice President of Michael Moecker & Associates, Inc., as
Assignee, for the purposes therein expressed, who is personally known to me or
who produced _______________ as identification, and who did/did not take an
oath.

Notary Public, State of Florida

My Commission Expires: 9/16/09

Print Name:/s/ Norma Castellon__________

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VERIFICATION OF ASSIGNMENT TO ASSIGNEE, MICHAEL PHELAN, BY ASSIGNOR, JUST-RITE
SUPPLY, INC., VERIFICATION OF SCHEDULES OF JUST-RITE SUPPLY, INC. BY ASSIGNOR,
JUST-RITE SUPPLY, INC.

VERIFICATION OF ASSIGNMENT AND SCHEDULES

The undersigned, as Vice President of Just-Rite Supply, Inc., hereby verifies
the Assignment (the “Assignment”) of all of its rights, title and interest in
and to all its assets and liabilities, as indicated on Schedules “A” and “B” to
the Petition for the general Assignment for the Benefit of Creditors filed with
the Court on June 8th, 2009, and further verifies each of the facts set forth in
the Schedules annexed to the Assignment.

JUST-RITE SUPPLY, INC.

a Florida corporation

       

/s/ Howard L. Ehler, Jr.

Howard L. Ehler, Jr., Vice President

STATE OF FLORIDA

)

)  ss:

COUNTY OF BROWARD

)

The foregoing Verification was acknowledged before me this 8th day of June,
2009, by Howard L. Ehler, Jr., Vice President of Just-Rite Supply, Inc., as
Assignor, for the purposes therein expressed, who is personally known to me or
who produced _______________ as identification, and who did/did not take an
oath.

/s/ Kimberly S. Smith

Notary Public, State of Florida

My Commission Expires: 11/25/2011

Print Name:_/s/ Kimberly S. Smith   ____________

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ACCEPTANCE OF ASSIGNMENT

MICHAEL P. PHELAN, Vice President of Michael Moecker & Associates, Inc., as
Assignee, under that certain Assignment by Just-Rite Supply, Inc., a Florida
corporation, of all of its right, title and interest to all of its assets filed
with this Court on this 11th day of June, 2009, hereby reaffirms its prior
acceptance of the trust created by such Assignment and agrees with the Assignor
that the Assignee will faithfully and without delay carry out its duties under
the Assignment.

By:/s/Michael P. Phelan                   

Michael P. Phelan, Assignee

STATE OF FLORIDA

)

)  ss:

COUNTY OF BROWARD

)

The foregoing Acceptance of Assignment was acknowledged before me this 11th day
of June, 2009, by Michael P. Phelan, Vice President of Michael Moecker &
Associates, Inc., as Assignee, for the purposes therein expressed, who is
personally known to me or who produced _______________ as identification, and
who did/did not take an oath.

Notary Public, State of Florida

My Commission Expires: 9/16/09

Print Name: Norma Castellon___________

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OATH OF ASSIGNOR

COMES NOW, Howard L. Ehler, Jr., Vice President of Just-Rite Supply, Inc., the
Assignor herein, and states that upon oath that the Schedules are true and
correct reflecting the assets and liabilities of the Assignor, and that the
Assignment has been duly made this 8th day of June, 2009.

JUST-RITE SUPPLY, INC.

a Florida corporation

       

/s/ Howard L. Ehler, Jr.

Howard L. Ehler, Jr., Vice President

STATE OF FLORIDA

)

)  ss:

COUNTY OF BROWARD

)

The foregoing Oath of Assignor was acknowledged before me this 8th day of June,
2009, by Howard L. Ehler, Jr., Vice President of Just-Rite Supply, Inc., as
Assignor, for the purposes therein expressed, who is personally known to me or
who produced _______________ as identification, and who did/did not take an
oath.

/s/ Kimberly S. Smith   

Notary Public, State of Florida

My Commission Expires: 11/25/2011

Print Name:_/s/ Kimberly S. Smith________

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OATH OF ASSIGNEE

COMES NOW, Michael P. Phelan, Vice President of Michael Moecker & Associates,
Inc., the Assignee herein, and duly acknowledges that the Assignee accepts
delivery  of the within Assignment and that he will duly perform the duties
imposed upon the Assignee pursuant to Florida Statute §727.  

By:/s/ Michael P. Phelan                  

Michael P. Phelan, Assignee

STATE OF FLORIDA

)

)  ss:

COUNTY OF BROWARD

)

The foregoing Oath of Assignee was acknowledged before me this 11th day of June,
2009, by Michael P. Phelan, Vice President of Michael Moecker & Associates,
Inc., as Assignee, for the purposes therein expressed, who is personally known
to me or who produced _______________ as identification, and who did/did not
take an oath.

Notary Public, State of Florida

My Commission Expires: 9/16/09

Print Name: Norma Castellon___________