SEC Contract Filing

Filing Date: 2015-01-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exhibit103-greeteragreemen.htm
<DESCRIPTION>EX 10.3 GREETER AGREEMENT
<TEXT>
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<a name="s1A1690F4B9158E976F6FC07A3FF22692"></a><div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><br><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Instrument Was Prepared By,</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">and After Recording Return to:</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">KATTEN MUCHIN ROSENMAN LLP</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">525 West Monroe Street, Suite 1900</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Chicago, Illinois 60661-3693</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Attention: Ann Marie Sink, Esq.</font></div><div style="line-height:120%;text-align:left;text-indent:624px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;"></font><font style="font-family:inherit;font-size:12pt;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">(Space Above This Line For Recorder&#8217;s Use Only)</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">ASSIGNMENT AND ASSUMPTION AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">THIS ASSIGNMENT AND ASSUMPTION AGREEMENT</font><font style="font-family:inherit;font-size:12pt;">&#32;(this &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), dated January 6, 2015 and effective as of January 1, 2015 (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Effective Date</font><font style="font-family:inherit;font-size:12pt;">&#8221;), is by and among Nevada Resort Properties Polo Towers Limited Partnership, a Nevada limited partnership (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Polo Towers</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and JHJM Nevada I, LLC, a Nevada limited liability company formerly known as Diamond Resorts, LLC (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">JHJM</font><font style="font-family:inherit;font-size:12pt;">&#8221;; and Polo Towers and JHJM being referred to herein, together, as the</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">&#32;&#8220;SJC Entities</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and Diamond Resorts Corporation, a Maryland corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">DRC</font><font style="font-family:inherit;font-size:12pt;">&#8221;). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">A. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;">Certain of the SJC Entities have previously entered into that certain &#8220;Amended and Restated Grant of Reciprocal Easements and Declaration of Covenants, Conditions and Restrictions&#8221; dated as of June 19, 2002, executed by and among Grand Casinos Nevada I, Inc., a Minnesota corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Grand</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Metroflag Polo, LLC, a Nevada limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Metroflag Polo</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Metroflag BP, LLC, a Nevada limited liability company (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Metroflag BP</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Polo Towers, Polo Towers Master Owners Association, a Nevada corporation (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Association</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Diamond Resorts, LLC, a Nevada limited liability company formerly known as Three Sticks, LLC (&#8220;</font><font style="font-family:inherit;fon