EXHIBIT 10.2
ASSIGNMENT
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For good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Terrace Holdings, Inc., ("Assignor"), having on
January 16, 1996, been assigned by International Tours & Catering by Ambassador,
Inc., ("International"), all rights, title, and interest in a contract dated
April 19, 1994, (the "Passover Contract") by and between International and the
Fontainebleau Hilton Resort & Spa, (the "Hotel"), (A copy of the January 16,
1996 Assignment of Contract is attached hereto as Exhibit A), does hereby
assign, transfer, convey, and deliver unto its wholly owned subsidiary, The
Lasko Family Kosher Tours, Inc., ("Assignee") and its respective successors and
assigns, all of the rights, obligations, title, and interest of Assignor in and
with respect to the Passover Contract, a copy of which is attached hereto as
Exhibit B.
Assignee hereby accepts the assignment and transfer to it of the rights,
obligations, title, and interest in the Passover Contract, and, in consideration
of such transfer and assignment, agrees to be responsible for the management and
administration, from and after the date of this Assignment, of any and all
aspects of the Passover Contract, including any and all costs and expenses
related to Assignee's performance under said contract.
Assignor hereby covenants with Assignee and its respective successors and
assigns to execute, acknowledge, and deliver to, or to cause to be done,
executed, acknowledged and delivered to, Assignee and their respective
successors and assigns all such further acts, deeds, assignments, transfers,
conveyances, powers of attorney and assurances as may be reasonably requested by
Assignee or such successor or assign to manage or otherwise perform Assignee's
obligations under the Passover Contract.
This Assignment shall be binding upon the successors and assigns of
Assignor and shall inure to the benefit of the successors and assigns of each
Assignee.
IN WITNESS WHEREOF, Assignor has caused this Assignment to be duly executed
and delivered this 13 day of February, 1997.
TERRACE HOLDINGS, INC.
By: /s/ Xx. Xxxxxx Xxxxx
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Xx. Xxxxxx Xxxxx
ACCEPTED:
THE LASKO FAMILY KOSHER TOURS, INC.
Dated: February 13, 1997 By: /s/ Xx. Xxxxxx Xxxxx
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Xx. Xxxxxx Xxxxx
CONSENT TO ASSIGNMENT
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The undersigned, being the General Manager of The Fountainebleau Hilton
Resort & Spa, hereby consents and agrees to the foregoing Assignment of
Contract.
Dated: February 20, 1997 THE FONTAINEBLEAU HILTON RESORT & SPA
By: /s/ Xxx Xxxxx
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Xxx Xxxxx
