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2012-022 RES APPROVING ASSIGNMENT OF GROUND LEASE BETWEEN WILIAM T BOOTHE AND MAGNUM PERFORMANCE FOR HANGAR AT COX FIELD AIRPORT
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2012-022 RES APPROVING ASSIGNMENT OF GROUND LEASE BETWEEN WILIAM T BOOTHE AND MAGNUM PERFORMANCE FOR HANGAR AT COX FIELD AIRPORT
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8/21/2012 10:42:45 AM
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ASSIGNMENT OF LEASE <br />STATE OF TEXAS § <br />§ KNOW ALL MEN BY THESE PRESENTS: <br />COUNTY OF LAMAR § <br />I, William T. Boothe, of Paris, Lamar County, Texas, ("Assignor"), for and in <br />consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and <br />valuable consideration to me in hand paid by Magnum Performance, Inc., 50 County Road <br />13200, Blossom, Lamar County Texas 75416 the receipt and sufficiency of which is hereby <br />acknowledged, do hereby assign, transfer, and convey unto Magnum Performance, Inc. <br />("Assignee"), all my right, title and interest in that Ground Lease Agreement dated June 22, <br />2009, by and between the City of Paris, Texas, and William T. Boothe, a copy of which is <br />attached hereto as Exhibit "A", together will all of my rights, obligations, and responsibilities <br />thereunder. <br />To have and to hold the described property for and during the remainder of the term of <br />said lease attached hereto and incorporated herein as Exhibit "A". <br />EXECUTED this 27th day of February, 2012. <br />'T <br />William T. Boothe ^ <br />ACCEPTANCE OF ASSIGNMENT <br />I, Gene Svobota, Director of Magnum Performance, Inc., a Limited Partnership 50 <br />County Road 13200, Blossom, Texas 75416, "Assignee" in the above described Assignment of <br />Lease do hereby covenant and agree to assume and accept the obligations and responsibilities of <br />Assignor William T. Boothe, under the above-referenced Ground Lease Agreement attached <br />hereto as Exhibit "A". <br />Gene Svobota, Director <br />Magnum Performance, Inc. <br />
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