Hilton Garden Inn Assignment of Net Proceeds AgreementASSIGNMENT OF NET PROCEEDS AGREEMENT
TFIISASSIGAW&NT is made this 1 L day of November 2006 by and between
GATEWAY HOSPITALITY GROUP, INC., of 8920 Canyon Falls Blvd, Twinsburg,
OH 44087, (hereinafter referred to as "ASSIGNOR") and KALISPELL. HOTELS, LLC,
a Montana Limited Liability Company, of P.O. Box 1068, 741 Lakeside Blvd., Lakeside,
MT 59922 (hereinafter referred to as "AS S IGNEF') .
For valuable consideration, receipt of which is hereby acknowledged, the
ASSIGNOR hereby assigns to ASSIGNEE all of the rights and obligations of the
ASSIGNOR that are contained in that document entitled "NET PROCEEDS
AGREEMENT" dated the/4-day of May 2006, by and between the ASSIGNOR and
the City of Kalispell (here naffer referred to as the "CITY") a copy of which document is
attached hereto and fully incorporated herein by this reference.
The CITY hereby consents to the foregoing assignment to the named assignee of
those rights and obligations contained in the attached NET PROCEEDS AGREEMENT,
subject to the teams and conditions set forth in that agreement.
EJECUTED on the date first above written.
ASSIGNOR.
GATEWAY IT TY GRO , INC.
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By. t 1
Bob Voelker, Presiders
ASSIGNEE
K.ALISPELLJ40TELS
By. {t f
Bob Voelker,lVManaging Member
CITY OF KALI SPELL
Ja H. Patrick., City Manager
STATE OF d tt-((� )
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County of U (nM
On this (3+�day of November 2006, before me, the unders ned, a Not Public
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for the State of [; personally appeared Robert voelker, in his capacity
as President of GATEWAY" HOSPITALITY CROUP, INC., that executed the foregoing
instrument, and acknowledged to me that he executed the same.
IN S S WHEREOF, I have hereunto set my hand and affixed my Notarial
Seal the day and year in this certificate first above written.
Notar-y Public, State of x.4.44monkma � cc>
Residing att---[t+Aj 0 �.:
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Diana JOM Ohio
Notary Public - St8ts of
STATE OF Commiatlon Fxpirse on April A20W
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County of yy� al
this fNovember Zoo before me the undersigned, a
On t s� day o3 g Notary Public
for the State of Q,[A,,0C> - , personally appeared Robert Voelker, in his capacity
as Managing Member of KALISPELL HOTELS, LLC that executed the foregoing
instrument, and acknowledged to me that he executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Notarial
Seal the day and year in this certificate first above written.
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Notary blic, State o 'D 4 t
Residing at = _
My Commission Expires
Diana Jones
Note ry Public w State of Ohio
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STATE OF MONTANA )
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County of Flathead )
On this Uday of November, 2006, before me, a Notary Public in and for the
State of Montana, personally appeared JAM ES H. PATRICK, known to me to be the City
Manager of the City of Kalispell, a municipality, that executed the within instrument, and
acknowledged that such City Manager subscribed, sealed and delivered said instrument
as the free and voluntary act of said municipality, for the uses and purposes therein set
forth, and that he was duly authorized to execute the same on behalf of said municipality.
IN WITNESS WHEREOF, I have hereunto set any hand and affixed my Notarial
Seal, the day and year first above written.
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Notary Public, State of Montana
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