Assignment and Assumption of Purchase Agreement between Steadfast Asset Holdings, Inc. and SIR Hilliard Grand, LLC
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Summary
Steadfast Asset Holdings, Inc. assigns all its rights and obligations under a Purchase and Sale Agreement with Gary L. Schottenstein and Brett Kaufman to SIR Hilliard Grand, LLC. The agreement concerns the purchase of a membership interest related to real property in Dublin, Ohio. SIR Hilliard Grand, LLC agrees to assume and perform all duties under the original agreement. This assignment is binding on both parties and their successors, and it replaces any prior related agreements. The assignment is effective as of December 31, 2012.
EX-10.3 4 ex103assignmetnofpsahg.htm EXHIBIT Ex. 10.3 Assignmetn of PSA HG





EXHIBIT 10.3
ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, STEADFAST ASSET HOLDINGS, INC., a California corporation (“Assignor”), hereby assigns to SIR HILLIARD GRAND, LLC, a Delaware limited liability company (“Assignee”), all of Assignor’s rights and obligations under and in regard to that certain Purchase and Sale Agreement and Joint Escrow Instructions dated November 2, 2012, (as may have been amended or may hereafter be amended, the “Purchase Agreement”), between Gary L. Schottenstein, an individual and Brett Kaufman, an individual (collectively, the “Seller”) and Assignor for the purchase and sale of that membership interest relating to that certain real property located in Dublin, Ohio, as more particularly described in Exhibit A attached hereto (the “Property”).
Assignee hereby agrees to and shall assume, perform and be fully responsible for the performance of all of the obligations of Assignor under the Purchase Agreement.
All of the provisions, covenants and agreements contained in the Assignment shall extend to and be binding upon the respective legal representatives, successors and assigns of Assignor and Assignee. This Assignment represents the entire agreement between Assignor and Assignee with respect to the subject matter of the Assignment, and all prior or contemporaneous agreements regarding such matters are hereby rendered null and void and of no force and effect.
(SIGNATURES APPEARS ON FOLLOWING PAGE)
WITNESS THE EXECUTION HEREOF, as of this December 31, 2012.
ASSIGNOR: | |
STEADFAST ASSET HOLDINGS, INC., | |
a California corporation | |
By: | /s/ Ana Marie del Rio |
Ana Marie del Rio, | |
Secretary and Vice President |
ASSIGNEE:
SIR HILLIARD GRAND, LLC
a Delaware limited liability company
By: Steadfast Income Advisor, LLC,
a Delaware limited liability
company, its Manager
By: | /s/ Ella S. Neyland |
Ella S. Neyland, President |




