Assignment and Assumption of Purchase and Sale Agreement between Global Healthcare REIT, Inc. and GP Nursing Home, LLC
Global Healthcare REIT, Inc. is transferring all its rights and obligations under a Purchase and Sale Agreement for the Grand Prairie Healthcare Center in Texas to GP Nursing Home, LLC. GP Nursing Home, LLC will now assume all responsibilities and benefits related to the agreement for this facility. The assignment is effective as of January 22, 2015, and both parties have signed to confirm the transfer.
ASSIGNMENT AND ASSUMPTION
FOR VALUE RECEIVED, GLOBAL HEALTHCARE REIT, INC., (“Assignor”), hereby transfers and assigns unto GP NURSING HOME, LLC, a Georgia limited liability company (“Assignee”), all of Assignor’s right, title and interest in and to that certain Purchase and Sale Agreement effective as of December 16, 2014, (the “Agreement”), relating to the Facility (as defined in the Agreement) commonly known as “Grand Prairie Healthcare Center”, and located at 820 Small Street, Grand Prairie, Texas 75050. Assignee hereby assumes all obligations of Assignors under the Agreement with respect to such Facility.
IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be duly executed and delivered as of the 22 day of January, 2015.
[Signatures on Next Page]
HNZW/489495_2.doc/4232-13
ASSIGNOR:
Global Healthcare REIT, Inc.,
a Utah corporation
By:__ _/s/ Christopher F. Brogdon
Christopher F. Brogdon, President
ASSIGNEE:
GP Nursing Home, LLC,
a Georgia limited liability company
By:___ _/s/ Christopher F. Brogdon
Christopher F. Brogdon, Manager
HNZW/489495_2.doc/4232-13
