ASSIGNMENT OF PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS
Exhibit 10.3
ASSIGNMENT OF PURCHASE AND SALE AGREEMENT
AND JOINT ESCROW INSTRUCTIONS
THIS ASSIGNMENT OF PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (this Assignment) is made this 9th day of January, 2012, between TNP ACQUISITIONS, LLC, a Delaware limited liability company (the Assignor); and TNP SRT MORNINGSIDE MARKETPLACE, LLC, a Delaware limited liability company (Assignee).
W I T N E S S E T H:
THAT for and in consideration of the sum of ten dollars ($10.00) cash in hand paid and other goods and valuable consideration, the receipt and sufficiency of which are hereby acknowleged, Assignor does hereby transfer and assign to Assignee all of Assignors rights, title. And interest in, to, and under that certain Purchase and Sale Agreement and Joint Escrow Instructions, dated October 21, 2011, as amended (the Agreement), between LHC Morningside Marketplace, LLC, a Delaware limited liability company, as Seller, and TNP Acquisitions, LLC, a Delaware limited liability company, as Buyer, in connection with the acquisition with the acquisition of the property described in the Agreement (the Property).
Assignee, as evidenced by its signature hereto, agrees to assume and perform the obligations of Assignor under the Agreement.
[SIGNATURES FOLLOW]
1
WITNESS the following signatures:
ASSIGNOR: | TNP ACQUISITIONS, LLC, a | |||||||||||
Delaware limited liability company | ||||||||||||
By: | /s/ James Wolford | |||||||||||
Name: | James Wolford | |||||||||||
Its: | CFO | |||||||||||
ASSIGNEE: | TNP SRT MORNINGSIDE MARKETPLACE, LLC, a Delaware limited liability company | |||||||||||
By: | TNP Strategic Retail Operating Partnership, L.P., a Delaware limited partnership its Sole Member | |||||||||||
By: | TNP Strategic Retail Trust, Inc., a Maryland corporation its general partner | |||||||||||
By: | /s/ James Wolford | |||||||||||
Name: | James Wolford | |||||||||||
Its: | CFO | |||||||||||
SEEN AND AGREED: | ||||||||||||
SELLER: | LHC Morningside Marketplace, a Delaware limited liability company | |||||||||||
By: |
| |||||||||||
Name: |
| |||||||||||
Title: |
|
2