Allonge to Promissory Note between Las Vegas Golf Center, L.L.C. and ILX Resorts Incorporated
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Summary
This document is an allonge attached to a $4,900,000 promissory note originally executed by Joseph P. Martori in favor of Las Vegas Golf Center, L.L.C. The allonge assigns the right to payment under the note from Las Vegas Golf Center, L.L.C. to ILX Resorts Incorporated. The key obligation is the transfer of the note's payment rights to the new party, ILX Resorts Incorporated, as of the date signed.
EX-10.2 4 ex10-2.txt ALLONGE DATED 06/23/2002 EXHIBIT 10.2 ALLONGE THIS ALLONGE is attached to that certain Promissory Note for the principal sum of Four Million Nine Hundred Thousand Dollars ($4,900,000) dated July 31, 2001 executed by Joseph P. Martori, the Chairman of the Board of VCA Nevada Incorporated, an Arizona corporation ("Borrower"), in favor of Las Vegas Golf Center, L.L.C., a Delaware limited liability company ("Assignor"). PAY TO THE ORDER OF ILX Resorts Incorporated, an Arizona corporation. ASSIGNOR: LAS VEGAS GOLF CENTER, L.L.C., a Delaware limited liability company By: ______________________________ Its: _____________________________ Date: ____________________________
