EXHIBIT 2.5
ASSIGNMENT
This ASSIGNMENT is entered into as of January 27, 2000, by and among
SPARTAN CAPITAL MANAGEMENT, LLC ("Spartan"), a Delaware limited liability
company, and Divot Golf Corporation ("Divot"), a Delaware corporation.
WHEREAS, Spartan entered into a Sale and Assignment Agreement with Xxxx
Xxxxxxxxx dated as of January 27, 2000 (the "Agreement"); and
WHEREAS, simultaneously with the execution by Spartan of the Agreement, the
parties hereto desire that Spartan assign all of its rights and obligations
under the Agreement to Travel.
NOW, THEREFORE, for good and valuable consideration, the receipt of which
is hereby acknowledged, and in consideration of the mutual covenants and
agreements contained herein:
1. In exchange for the payment by Divot of $10.00, Spartan hereby assigns
all its rights and obligations under the Agreement to Divot.
2. This Assignment is effective as of the date hereof.
IN WITNESS WHEREOF, the Parties have executed this Agreement to be
effective as of the date set forth above.
SPARTAN CAPITAL MANAGEMENT, LLC
By: /s/ Xxxxx X. Xxxxxxxx
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Name: Xxxxx X. Xxxxxxxx
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Title: Executive Director
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DIVOT GOLF CORPORATION
By: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
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Title: Chairman & CEO
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