ASSIGNMENT AND ASSUMPTION OF LA PROPERTY NOTE

EX-10.13 10 d264756dex1013.htm ASSIGNMENT AND ASSUMPTION OF LA PROPERTY NOTE Assignment and Assumption of LA Property Note

Exhibit 10.13

ASSIGNMENT AND ASSUMPTION OF LA PROPERTY NOTE

 

Maker of Note:

  

O’DONNELL ACQUISITIONS, LLC

3 San Joaquin Plaza

Newport Beach, California 92660

Assignee:

  

OD FDX Louisiana, LLC

3 San Joaquin Plaza

Newport Beach, California 92660

Note:

  

Date:

   November 21, 2011

Loan Amount:

   $100,100

Holder:

   JDO Family Limited Partnership

For good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, Maker of the Note, a copy of which is attached hereto as Exhibit A, transfers and assigns the Note to Assignee and Assignee hereby assumes Maker’s obligations under the Note from the date hereof. Pursuant to the terms of the Note, Maker shall be released from its obligations under this Note for the Loan Amount and all interest accrued from the date hereof. Maker shall remain obligated to pay all accrued and unpaid interest through 12:01 a.m. on the date hereof. This assignment is made WITHOUT RECOURSE OR WARRANTY, EXPRESS OR IMPLIED.

Executed this 23rd day of February, 2012.

 

O’DONNELL ACQUISITIONS, LLC
By:             /s/   Douglas D. O’Donnell        
Name:       Douglas D. O’Donnell

Title:

   

 

OD FDX LOUISIANA, LLC
By:             /s/   Douglas D. O’Donnell        
Name:       Douglas D. O’Donnell

Title:

   

 

JDO FAMILY LIMITED PARTNERSHIP
By:             /s/   Douglas D. O’Donnell        
Name:       Douglas D. O’Donnell

Title: