Exhibit 10.2
ASSIGNMENT OF PURCHASE AGREEMENT
VEREIT ACQUISITIONS, LLC, a Delaware limited liability company, as Assignor
and
VEREIT OFC MILFORD OH, LLC, a Delaware limited liability company, as Assignee
Assignor, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, does hereby assign all of its right, title and interest in, to and under that certain Purchase Agreement (the “Purchase Agreement”) described herein, including, without limitation, Assignor’s right, title and interest in and to the previously made Earnest Money Deposit, to Assignee and its successors and assigns. The Purchase Agreement is described as follows:
| DATE OF AGREEMENT: | June 27, 2016 |
| ORIGINAL BUYER: | VEREIT ACQUISITIONS, LLC, a Delaware limited liability company |
| SELLER: | Acquiport Milford LLC, a Delaware limited liability company |
| ASSIGNED TO: | VEREIT OFC Milford OH, LLC, a Delaware limited liability company |
PROPERTY: | 2000 Eastman Drive |
Milford, Ohio (the “Property”)
Assignor acknowledges that it is not released from any obligations or liabilities under said Purchase Agreement; provided, however, upon consummation of the acquisition of the Property by Assignee (the “Closing”), Assignor (but not Assignee) shall be relieved of all obligations arising under the Purchase Agreement before, on and after the Closing.
Assignee hereby agrees to assume and be responsible for all obligations and liabilities under said Purchase Agreement. This Assignment shall be in full force and effect upon its full execution.
Executed this 22nd day of September, 2016.
ASSIGNOR: VEREIT ACQUISITIONS, LLC, a Delaware limited liability company By: /s/ Daniel T. Haug Daniel T. Haug Authorized Officer | ASSIGNEE: VEREIT OFC MILFORD OH, LLC, a Delaware limited liability company By Cole Corporate Income Advisors III, LLC, a Delaware limited liability company, its Manager By: /s/ Todd J. Weiss Todd J. Weiss General Counsel, Real Estate |