ASSIGNMENT OF PURCHASE AGREEMENT

Contract Categories: Business Finance - Purchase Agreements
EX-10.1 2 fnd21asgpa.htm EX-10.1
ASSIGNMENT
OF
PURCHASE AGREEMENT
 
AEI Property Corporation, a Minnesota corporation (“Assignor”), hereby assigns its interest to AEI Net Lease Income Fund 36 LP, a Minnesota limited partnership, as to an undivided 60% interest, and AEI Income & Growth Fund XXI Limited Partnership, a Minnesota limited partnership, as to an undivided 40% interest (collectively, the “Assignee”), in that certain Purchase and Sale Agreement between Assignor’s predecessor in interest, and Elliott Bay Healthcare Realty, LLC, a Delaware limited liability company (“Seller”), dated January 21, 2022, as amended by that certain Amendment to Purchase and Sale Agreement dated February 28, 2022, with respect to property located at 4300 Leisure Time Drive, Diamondhead, MS 39525,  known as Memorial Hospital at Gulfport medical clinic, and Assignee hereby assumes management responsibilities and obligations of its interest as Buyer thereunder.
 
Dated:
March 2, 2022
 
 
 
ASSIGNOR:
 
 
 
 
 
 
 
AEI PROPERTY CORPORATION,
 
 
 
 
 
 
a Minnesota corporation
 
 
 
 
 
 
 
 
By:  /s/ Marni Nygard
 
 
 
 
 
 
      Marni Nygard, its President
 
 
 
 
 
 
 
ASSIGNEE:
 
AEI Net Lease Income Fund 36 LP,
a Minnesota limited partnership
 
By: AEI Income Fund Manager, Inc.,
       a Minnesota corporation
Its: Corporate General Partner
 
By:  /s/ Marni Nygard
      Marni Nygard, its President
 
AEI Income & Growth Fund XXI Limited Partnership, 
a Minnesota limited partnership
 
By: AEI Fund Management XXI, Inc.,
       a Minnesota corporation
Its: Corporate General Partner
 
By:  /s/ Marni Nygard
      Marni Nygard, its President