ASSIGNMENT OF CONTRACT RIGHTS AND OBLIGATIONS
EXHIBIT
10.2
Assignment
dated November 29, 2004 between Xxxxx Xxxxxxx ("Assignor") and Bluesky Systems,
Corp., a Pennsylvania Corporation ("Assignee").
WHEREAS,
Assignor is a party to that certain agreement dated August 27, 2003, captioned
"Xxxxxxx Property Management Services, Inc. Residential Property Management
Agreement," a copy of which is attached hereto as Exhibit A;
WHEREAS,
Assignor has reorganized the ownership of one of the properties under management
by Xxxxxxx Property Management Services, Inc. ("Xxxxxxx") so that such property
is now owned by Assignee, and now desires to transfer the rights and obligations
under Xxxxxxx'x agreement (Exhibit A) to the Assignee as well; and
WHEREAS,
Assignee would like to receive an assignment of both the rights and obligations
of Xxxxxxx'x Agreement (Exhibit A);
NOW
THEREFORE, in consideration of the mutual promises and agreements set forth
herein, and other valuable consideration, the receipt and sufficiency of which
both parties hereby acknowledge, the parties agree as follows:
1. Assignor
hereby assigns its rights and obligations under Xxxxxxx'x Agreement (as set
forth in Exhibit A) to the following limited extent: the assignment of rights
and obligations shall apply only to the apartment house located at 000 Xxxxxx
Xxxxxx, Xxxxxxxx, Xxxxxxxxxxxxx. Assignor shall retain all other rights and
obligations not specifically pertaining to the apartment house at 000 Xxxxxx
Xxxxxx.
2. Assignee
hereby agrees to receive and honor the foregoing assigned rights and
obligations.
3. Said
assignment is expressly conditioned on Xxxxxxx'x written approval and consent
of
same.
4. Once
Xxxxxxx approves and consents to this assignment, Assignor shall be released
from and held harmless from all liability or obligations assigned by this
Assignment, and shall have no further legal responsibility for them. Likewise,
upon Xxxxxxx'x approval and consent, Assignor releases and holds harmless
Assignee and Xxxxxxx from all liability or obligations to Assignee, and waives
all further claims arising from or related to the rights assigned
herein.
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IN
WITNESS WHEREOF, the parties have signed this agreement below.
BLUESKY
SYSTEMS, CORP. (Assignee) Assignor
/s/
Xxxxx Xxxxxxx /s/
Xxxxx Xxxxxxx
By:
Xxxxx
Xxxxxxx, President Xxxxx
Xxxxxxx, in his individual capacity
On
behalf
of Xxxxxxx Property Management Services, Inc., I am authorized to approve and
consent to the foregoing assignment, effective as of the date first appearing
above.
XXXXXXX
PROPERTY MANAGEMENT
SERVICES,
INC.
/s/
Xxxx X. Xxxxxxx
By:
Xxxx
X. Xxxxxxx, President
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