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HomeMy Public PortalAboutAssignment Agreement GLG with Blackwater Golf ClubASSIGNMENT AGREEMENT This Assignment Agreement ("Assignment") is made and entered into and effective as of the 29th day of March, 2023 (the "Effective Date") by and between GreatLIFE Golf LLC ("Assignor"), and Crestview Unlimited, Inc., ("Assignee"). WHEARAS, Assignee owns the golf course known generally as Blackwater Golf Club located at 4927 Antioch Rd, Crestview, FL 32536 ("Blackwater Golf Club"). WHEREAS, Assignor has entered into a certain Golf Management Agreement with Assignee with an effective date of April 12, 2023 for the purpose of managing Blackwater Golf Club (the "Management Agreement"). WHEREAS, Assignee desires to have oversite of all food and beverage operations at Blackwater Golf Club, including oversite of any vendor agreements, restaurant agreements or lease agreements that occur at Blackwater Golf Club. WHEREAS, Assignor and Assignee have agreed that all food and beverages operations will be excluded from the scope of management services that Assignor shall provide Assignee pursuant to the Management Agreement. WHEREAS, GL Services LLC ("GL Services") assigned that certain vendor agreement to Assignor dated September 14, 2021 attached hereto as Exhibit "A" (the "Vendor Agreement") between GL Services And The Crossing at Blackwater LLC (the "Vendor"). WHEREAS, Assignor and Assignee desire all rights, title and interest in the Vendor Agreement and any amendments thereto be assigned by Assignor to Assignee as of the Effective Date. NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 1. Assignment. Assignor hereby irrevocably assigns, grants, conveys and transfers to Assignee, and Assignee hereby accepts, all of Assignors right, obligations and interest in the Vendor Agreement as of the Effective Date. 2. Further Assurances. Assignor and Assignee agree to execute, acknowledge, deliver and perform, and/or cause to be executed, acknowledged, delivered and performed, at any time and/or from time to time, as the case may be, all such further acts, documents, transfers, conveyances, and/or assurances as may be necessary and/or proper to carry out the provisions and/or intent of this Assignment. 3. Miscellaneous. A. Governing Law. This Assignment shall be governed by and construed and interpreted in accordance with the law of the State of Florida. B. Successors. This Assignment shall be binding upon and shall inure to the benefit of each of the parties hereto and to their respective successors and assigns. C. Electronic Signature and Counterparts. This Assignment may be executed by electronic (such as .pdf) signatures, which for all purposes shall be deemed to constitute originals. D. Amendment and Modification. This Assignment may not be amended or modified unless in writing, duly signed by the parties hereto. E. Binding Effect. This Assignment shall inure to the benefit of, and be binding upon, the respective successors and assigns of the Parties. IN WITNESS WHEREOF, the parties hereto have executed this Assignment as of the Effective Date. ASSIGNOR ASSIGNEE GreatLIFE Golf, LLC Crestview Unlimited, Inc. -Go© By: