ASSIGNMENT AND ASSUMPTION OF INTERESTS (BLD VOHL 6A-1, LLC)Assignment and Assumption of Interests • January 6th, 2017 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
THIS ASSIGNMENT AND ASSUMPTION OF INTERESTS (this “Assignment”) is entered into as of December 31, 2016 (the “Effective Date”), by and among Buffington Land Development, LLC, a Texas limited liability company (“Assignor”), LD Equity, LLC, a Texas limited liability company (“Assignee”), United Development Funding, L.P., a Delaware limited partnership (“UDF I”), United Development Funding III, LP, a Delaware limited partnership (“UDF III”), and United Development Funding IV, a Maryland real estate investment trust (“UDF IV”).
RELEASE AGREEMENTRelease Agreement • January 6th, 2017 • United Development Funding III, LP • Miscellaneous business credit institution • Texas
THIS RELEASE AGREEMENT (this “Agreement”), dated as of December 31, 2016 (the “Effective Date”), is by and among United Development Funding, L.P., a Delaware limited partnership (“UDF I”), United Development Funding III, LP, a Delaware limited partnership (“UDF III”), United Development Funding IV, a Maryland real estate investment trust, on behalf of itself and its subsidiary lenders, if any (collectively, “UDF IV”), United Development Funding X, L.P., a Delaware limited partnership (“UDF X”), and United Residential Home Finance, L.P., a Delaware limited partnership (“URHF” and collectively with UDF I, UDF III, UDF IV and UDF X, and including any of their subsidiaries and the successors, assigns and affiliates of any of the foregoing, the “Lender Parties”), on one hand, and Buffington Land Group, Ltd., a Texas limited partnership (“BLG”), Buffington Land, Ltd., a Texas limited partnership (“Buffington Land”), Buffington Land Development, LLC, a Texas limited liability company (“BLD”),
