ASSIGNMENT AND ASSUMPTION OF RIGHTS UNDER SHOPPING CENTER PURCHASE AGREEMENTAssignment and Assumption of Rights • March 7th, 2013 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts
For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, PHILLIPS EDISON GROUP LLC, an Ohio limited liability company (“Assignor”), hereby assigns, transfers and sets over to BUTLER CREEK STATION LLC, a Delaware limited liability company (“Assignee”), all of Assignor’s right, title, and interest as Purchaser to acquire the land and improvements known as Butler Creek Shopping Center located in Acworth, Georgia (the “Center’) from Equity One (Southeast Portfolio) Inc. pursuant to a certain Shopping Centers Purchase and Sale Agreement dated as of November 30, 2012, as amended (the “Agreement”) with Equity One (Southeast Portfolio) Inc., a Georgia corporation, Equity One (Florida Portfolio), Inc., a Florida corporation and Equity One, Inc., a Maryland corporation (individually and collectively referred to as “Seller”), as Seller, with respect to, among other properties, the Center, such assignment to include a prorated portion of the Deposit (as define
ASSIGNMENT AND ASSUMPTION OF RIGHTS UNDER SHOPPING CENTER PURCHASE AGREEMENTAssignment and Assumption of Rights • March 7th, 2013 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts
For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, PHILLIPS EDISON GROUP LLC, an Ohio limited liability company (“Assignor”), hereby assigns, transfers and sets over to FAIRLAWN STATION LLC (“Assignee”), all of Assignor’s right, title, and interest as Purchaser in and to that certain Shopping Center Purchase Agreement dated December 13, 2012, as same may have been or may be amended, including any addendum thereto (“Agreement”) with AG/WP Fairlawn Owner, L.L.C., a Delaware limited liability company (“Seller”), as Seller, with respect to the land and improvements thereon located in Fairlawn, Summit County, Ohio, more particularly described in the Agreement, including, but not limited to, its right, title and interest in and to the Deposit (as defined in the Agreement).
