Assignment of LLC Member Interest by Talon OP, L.P. to First Capital Real Estate Operating Partnership, LP
Talon OP, L.P. is transferring all of its membership interests in Talon First Trust, LLC to First Capital Real Estate Operating Partnership, LP. This assignment is made under the terms of a Contribution Agreement dated June 27, 2018, which governs the rights and obligations of both parties. The agreement also appoints an attorney-in-fact to handle the transfer. All terms and conditions from the Contribution Agreement apply to this assignment.
Exhibit 10.3
Assignment of LLC Member Interest
(Talon FirsT Trust, LLC)
For Value Received, Talon OP, L.P., a Minnesota limited partnership (“Contributor”), hereby contributes, conveys, sells, assigns, transfers and quit claims unto First Capital Real Estate Operating Partnership, LP, a Delaware limited partnership (“Buyer”), 100% of LLC member interests in Talon First Trust, LLC, a Delaware limited liability company (“Company”), and irrevocably constitutes and appoints __________, its attorney-in-fact, to transfer said LLC member interests with full power of substitution in the premises.
This Assignment of LLC Member Interests is made pursuant to, and subject to, all of the provisions of that certain Contribution Agreement dated June 27, 2018 (“Contribution Agreement”) between Contributor and Buyer. The terms, conditions, representations and limitations set forth in the Contribution Agreement are incorporated herein by reference.
Dated: As of June 27, 2018
Talon OP, L.P. | |
By: Talon Real Estate Holding Corp., its general partner | |
/s/ M.G. Kaminski | |
By: M.G. Kaminski | |
Its: CEO |