Assignment and Assumption of Contract of Purchase and Sale between Grubb & Ellis Equity Advisors, LLC and G&E HC REIT II Muskogee LTACH, LLC
Grubb & Ellis Equity Advisors, LLC is transferring all its rights and obligations under a Contract of Purchase and Sale with Muskogee LTACH, LLC to G&E HC REIT II Muskogee LTACH, LLC. The Assignee accepts the assignment and agrees to take on all future obligations under the contract for the property in Muskogee, Oklahoma. Both parties confirm and ratify the original agreement and its amendment. This assignment is effective as of May 27, 2010.
ASSIGNMENT AND ASSUMPTION OF CONTRACT OF PURCHASE AND SALE
For good and valuable consideration received, GRUBB & ELLIS EQUITY ADVISORS, LLC, a Delaware limited liability company (“Assignor”), hereby transfers, sets over and assigns to G&E HC REIT II Muskogee LTACH, LLC, a Delaware limited liability company (“Assignee”), all of Assignor’s right, title and interest in, to and under that certain Contract of Purchase and Sale between Assignor and MUSKOGEE LTACH, LLC, a North Carolina limited liability company (“Seller”), dated April 16, 2010, as amended May 17, 2010 by that certain First Amendment to Contract of Purchase and Sale (collectively the “Agreement”) copies of which are attached hereto as Exhibit “A”, for certain property located in the City of Muskogee, Muskogee County, Oklahoma, and more particularly described in the Agreement. Assignee hereby accepts this assignment of the Agreement. Assignee hereby assumes Assignor’s obligations under the Agreement occurring after the date hereof. The undersigned parties hereby ratify and confirm the Agreement, as amended, in all respects.
IN WITNESS WHEREOF, Assignor and Assignee have executed this instrument as of the 27day of May, 2010.
ASSIGNOR:
GRUBB & ELLIS EQUITY ADVISORS, LLC
a Delaware limited liability company
By: Michael Rispoli
Name: Michael Rispoli
Title: Chief Financial Officer
ASSIGNEE:
G&E HC REIT II Muskogee LTACH, LLC,
a Delaware limited liability company
By: Grubb & Ellis Healthcare REIT II Holdings, LP,
A Delaware limited partnership, its member
By: Grubb & Ellis Healthcare REIT II, Inc.,
A Maryland corporation, its General Partner
By: /s/ Shannon K S Johnson
Name: Shannon K S Johnson
Title: Chief Financial Officer
