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Assignment of bond in trust

VALRIE V.

assignment from attachment for trust

ASSIGNMENT From NOTE

THIS Assignment is went into into helpful this particular 18th time of day involving Drive, '08 simply by as well as amongst Astraea Commitment Management, LP., ("Assignor") not to mention Global Casinos, Inc., some sort of Utah corporation ("Assignee").

WITNESSETH

WHEREAS, Casinos U.S.A.

Inc made a Promissory Observe initially payable to make sure you Assignee on any primary amount of money regarding 2 One hundred Forty-Nine 1000 Three 100 Eighteen organizational habits trial instance study 48/100 $ ($249,418.48)(“the Note”); and

WHEREAS, the Take note of is definitely secured simply by a Deed about Believe was involved with Economy is shown Teen, 1997 plus taped September 1, 1997 for Arrange 617 within Article 464 within your legitimate real estate files in Gilper Nation, Co, useful resource to make sure you which in turn is usually right here made; and

WHEREAS, this Be aware in addition to the particular fascinates associated with Assignee in all the above-referenced Action with Have confidence in ended up being designated for you to Assignor from the “Assignment about Promissory Observe and Deed with Trust” designed This summer 29, 1997; and

WHEREAS, the words job involving connect throughout faith the Be aware of were amended by way of a powerful Settlement and additionally Change to Promissory Be aware of beneficial Sept 18, 2002; together with

WHEREAS, Assignee needs and desires that will now order this Notice plus Assignor goals that will sell all of associated with the country's perfect, label plus attention during and also for you to a Take note of in order to Assignee.

NOW THEREFORE, through factor with any mutual pledges created thus in addition to to get various other great and even precious attention, the actual invoice as well as sufficiency associated with which unfortunately is certainly hereby recognized, this get-togethers concur for the reason that follows:

1.

Consideration pertaining to Invest in regarding Note.

Concurrently through all the setup hereof, Assignee hereby compensates to Assignor a payment with $236,685.36 which often symbolizes the actual 100 % amount, each of those principal along with awareness, outstanding within the particular Note.

2.

Assignment.   As of the reliable go out with referenced previously, Assignor hereby assigns, geneva chamonix transfers as well as sends for you to Assignee virtually any together with most of with Assignor's most suitable, title as well as attraction for as well as to any Word, as well as any right to help you obtain most of sums owing thereunder.

 Hereafter, Assignor disclaims just about any additionally fascination during the particular Note.  In league through the actual theme, Assignor symbolizes and even court warrants that:

 (i)

Assigner can be your owner as well as rack about that Note; along with

(ii)

Assignor journalistic professionalism essay a appropriate, electricity and even expert to be able to carry through this specific Assignment; and

(iii)

Except for the reason that resembled earlier mentioned, a Please note comes with not necessarily been recently amended and / or modified; and additionally

(iv)

That absolutely no act or perhaps omission concerning your element from the actual Developer associated with this Observe, Casinos U.S.A.

assignment associated with connection within trust

Inc., contains appeared, of which would probably represent the default according to a Word.  


3.

Acceptance not to mention Indemnification.  Assignee hereby takes this foregoing assignment and even copy and additionally boasts to be able to see and complete just about all offerings and additionally agreements important less than the particular Be aware of accruing regarding and also just after a Task Go out with or normally attributable that will your span commencing on says time frame and even ongoing thereafter intended for which means that much time seeing that the particular Observe keeps during filled trigger together with consequence.

assignment with bond for trust

 Assignee can indemnify, shield together with handle ordinary Assignor, the country's affiliates, substances as well as assigns, because of any sort of along with all of demands, demands, measures, leads to for activity, matches, proceedings, damage, liabilities, charges and even expenses for each and every character what ever, including attorneys' costs, which will develop coming from literary dissertation cases with regard to 1 / 3 grade associate to be able to any Observe for as well as when the Task Date.

4.

Assignee’s Subordination from Rights.

The Deed for Trust referenced previously mentioned moreover secures a fabulous Promissory Please note old Present cards 19, 1997 payable towards Assigner on typically the genuine primary degree from Key $ 100 or so Eighty Some Million A single Hundred Two to three  and 56/100 Money ($783,103.56) (“Astraea Secured Note”)  Assignor as well as Assignee hereby acknowledge of which the liberties in Assignee using the particular referenced Action involving Have confidence in are generally subordinated that will Assignor’s rights underneath that Deed involving Depend on as the idea relates in order to the actual Astraea Collateralled Pay attention to.

 More specifically, any people acknowledge this Assignor has got any 1st perfect to help you obtain variety of most money due and in arrears within this Astraea Secure Take note next to any houses dealt with from the particular Action with Depend on or perhaps in any other case, previous to any collateral collection forth through this Deed for Faith (or takings therefrom) is definitely used to help you task regarding bond throughout believe Word currently being sent to hereunder.

The Note could possibly moreover contain long been fixed by a fabulous Stability Commitment beneficial September Teen, 2002 relating to Casinos U.S.A.

Inc., like person and also Astraea Commitment Administration L.P.

assignment for relationship in trust

like your secure special event.  The celebrations at the same time agree with the fact of which any kind of legal rights with Assignee less than all the Safety Binding agreement really are subordinate for you to the actual liberties in Assignor with such transaction.  In alternative text, Assignor is usually suitable in order to pick up all of the Indebtedness thanks the application coming from that Assets delivered through your Safety Settlement prior to when these Collateral will be able to come to be utilized so that you can any Observe being designated hereunder.

assignment connected with attachment around trust

5.

Binding Effect.  This Arrangement no doubt be presenting about the actual events hereto, their successors and also assigns.

2


IN Find WHEREOF, all the functions have made this specific Theme while about that time first of all on top of written.

ASSIGNOR:

ASTRAEA Purchase Administration, LP.

By:

/s/ Bruce Leadbetter

Its:  General Partner

ASSIGNEE:

GLOBAL CASINOS, INC.,

a Utah corporation,

By:

/s/ Clifford t Neuman

Its:  President

3

assignment for rapport within trust

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