ASSIGNMENT OF MEMBERSHIP INTERESTAssignment Agreement |
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Exhibit 10.11
ASSIGNMENT OF MEMBERSHIP INTEREST
This ASSIGNMENT OF MEMBERSHIP INTEREST is entered into effective
as
of the 1st day of June, 2002, by and between DALTOR HOUSTON TITLE,
INC., a Texas
corportation {"Assignor"), and ASHTON HOUSTON RESIDENTIAL, LLC., a
Texas limited
liability company ("Assignee").
WHEREAS, Assignor currently owns a forty-nine percent (49%)
membership
interest {the "Membership Interest") in DOMINION TITLE, L.L.C., a
Texas limited
liability company (the "Company");
WHEREAS, Assignor desires to assign all of its right, title and
interest to the Membership Interest to Assignee;
WHEREAS, Assignor and Assignee acknowledge and have represented to
the
other Member of the Company that they are affiliated companies as
set forth in
Section 1.2 of the Members' Agreement of the Company, dated June
7,
