Assignment of Contract and Equitable Interest for Redwood Avenue Property between Loretta Development, LLC and Foxmoor Holdings Corp.
Loretta Development, LLC is transferring all its rights and interests in a Contract of Sale for the Redwood Avenue property in Galloway Township to Foxmoor Holdings Corp. The transfer is made in exchange for consideration totaling $277,728, covering deposits, costs, and expenses incurred. After this assignment, Loretta Development, LLC has no further rights or obligations under the original contract dated March 28, 2009. The agreement is effective as of May 5, 2010.
Assignment of Contracts and Equitable Interest --- Redwood Avenue
This assignment is hereby made between Loretta Development, LLC as “Assignor” and Foxmoor Holdings Corp., a Nevada corporation, “Assignee.”
Assignor hereby assigns all rights, title and interest in the above-referenced entities, which pertain to the attached Contract of Sale, to the Assignee.
This Assignment is made for good and valued consideration, and accumulated deposits, costs and expenses incurred to date, in the aggregate amount of $277,728.
As of this date, the Assignor shall have no further rights or obligations in reference to the above referenced Contract, dated March 28, 2009. This Contract specifically refers to the Redwood Avenue property in Galloway Township.
Signed this 5th day of May, 2010
/s/ Vincent Simonelli
Vincent Simonelli
Member, Loretta Development, LLC
