Assignment and Assumption of Purchase and Sale Agreement, dated November 25, 2024, by and among ProKidney Acquisition Company, LLC. and ProKidney Acquisition Company II, LLC
Exhibit 10.22
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
THIS ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT (this “Assignment”) is made and entered into as of the 25th day of November, 2024, by and between PROKIDNEY ACQUISITION COMPANY, LLC, a Delaware limited liability company (“Assignor”), and PROKIDNEY ACQUISITION COMPANY II, LLC, a Delaware limited liability company (“Assignee”).
RECITALS:
WHEREAS, Assignor, as “Buyer”, and BREIT SE INDUSTRIAL PROPCO NC LP, a Delaware limited partnership, as “Seller”, entered into that certain Agreement for Purchase and Sale of Real Property effective as of November 20, 2024 (the “Purchase Agreement”) with respect to certain real property commonly known as 3929 Westpoint Blvd., Winston Salem, North Carolina, and 2598 Empire Drive, Winston Salem, North Carolina, as more particularly described in the Purchase Agreement.
WHEREAS, Assignor desires to assign to Assignee, and Assignee desires to assume from Assignor, all of Assignor’s rights, title and interest in the Purchase Agreement.
AGREEMENT:
NOW, THEREFORE, for good and valuable consideration, Assignor and Assignee do hereby agree as follows:
1. Assignment. Assignor does hereby assign, transfer, bargain, sell, grant, convey, deliver and set over absolutely unto Assignee, all of Assignor’s right, title, interest, powers, remedies, benefits, options and privileges in, to and under the Purchase Agreement.
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IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment as of the day and year first above written.
| ASSIGNOR:
PROKIDNEY ACQUISITION COMPANY, LLC a Delaware limited liability company By:__/s/ Bruce Culleton_____________________ Name: Bruce Culleton, M.D. Title: Chief Executive Officer
|
| ASSIGNEE:
PROKIDNEY ACQUISITION COMPANY II, LLC a Delaware limited liability company By: _/s/ Bruce Culleton_______________________ Name: Bruce Culleton, M.D. Title: Chief Executive Officer
|
[Signature Page – Assignment and Assumption of Purchase and Sale Agreement]
DOCPROPERTY DOCXDOCID DMS=IManage Format=<<NUM>>v.<<VER>>523651353v.1