THIRD AMENDMENT TO THE OPERATING AGREEMENT OF ILX-BRUNO L.L.C. An Arizona Limited Liability Company (April 2nd, 2007)
This Third Amendment to the Operating Agreement of ILX-Bruno LLC, an Arizona limited liability company (Third Amendment) is entered into effective as of the 25th day of July, 2006, by and among ILX Resorts Incorporated, an Arizona corporation (ILX) as a Member and as the Manager and James Bruno Enterprises LLC, an Arizona limited liability company as a Member (Bruno).
Agreement for Transfer Of (September 19th, 1997)
Installment Promissory Note (September 19th, 1997)
Security (Pledge) Agreement (September 19th, 1997)
Re: Cancellation of Agreement for Purchase and Sale (May 20th, 1997)