ASSIGNMENT OF CONTRACT

Contract Categories: Business Finance - Assignment Agreements
EX-10.2 3 exhibit2.htm EX-10.2 EX-10.2

ASSIGNMENT OF CONTRACT

THIS ASSIGNMENT OF CONTRACT (the “Assignment”) is made as of the 15th day of February 2007 by Triple Net Properties, LLC, a Virginia limited liability company (“Assignor”), to NNN VF Four Resource Square, LLC, a Delaware limited liability company (“Assignee”).

RECITALS

Assignor and G&I III Resource Square LLC, a Delaware limited liability company entered into that certain Contract of Sale, dated as of January 9, 2007 (the “Contract”) with respect to certain property known as Four Resource Square, located in Mecklenburg County, North Carolina, as more particularly described in the Contract. Assignor desires to assign all of its rights, title and interest in and to the Contract to Assignee.

AGREEMENT

For and in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor hereby assigns all of its rights, title and interest in and to the Contract to Assignee.

Assignee by its execution of this Assignment hereby assumes all of Assignor’s obligations under the Contract.

WITNESS the following signatures:

             
ASSIGNOR:   Triple Net Properties, LLC,
   
 
           
    a Virginia limited liability company
   
 
           
 
  By:   /s/ Jeff Hanson  
 
           
         
 
           
 
  Name:   Jeff Hanson  
 
           
         
 
           
    Title:   Managing Director – Real Estate
 
           
         
 
           
ASSIGNEE:   NNN VF Four Resource Square, LLC,
   
 
           
    a Delaware limited liability company
   
 
           
 
  By:   Triple Net Properties, LLC,  
 
           
        a Virginia limited liability company
 
           
 
  Its:   Manager  
 
           
 
      By:   /s/ Jeff Hanson
 
           
 
           
 
      Name:   Jeff Hanson
 
           
 
           
 
      Title:   Managing Director – Real Estate
 
           

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