NOTE PURCHASE, ASSIGNMENT AND ASSUMPTION AGREEMENTNote Purchase, Assignment and Assumption Agreement • May 15th, 2007 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
THIS NOTE PURCHASE, ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is dated March 20, 2007 (the “Effective Date”), and is by and between MCDOUGAL FAMILY PARTNERSHIP, LTD., a Texas limited partnership (“Assignor”), and UNITED DEVELOPMENT FUNDING III, L.P., a Delaware limited partnership, or its assigns (“Assignee”).
