Assignment and Assumption of Management Agreement Sample Contracts

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ASSIGNMENT AND ASSUMPTION OF MANAGEMENT AGREEMENT BY NOBLE HOUSE GROVE ISLE, LTD.
Assignment and Assumption of Management Agreement • March 31st, 2009 • HMG Courtland Properties Inc • Real estate investment trusts • Florida

The undersigned, NOBLE HOUSE GROVE ISLE, LTD. ("Assignor"), hereby sells, assigns and transfers to GH-GROVE ISLE MANAGEMENT LLC ("Assignee"), free and clear of any liens or encumbrances, all of Assignor's right, title, and interest in, to and under the Spa Management Agreement for Grove Isle Spa Terre, dated as of September 15, 2004 (the "Spa Management Agreement'), by and between Grove Spa, LLC, a Delaware limited liability company, as owner ("Owner") and Assignee, as operator, together with any and all payments and distributions therefrom subsequent to the date hereof. Capitalized terms not separately defined herein shall have the meanings ascribed to them in the Spa Management Agreement.

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