Exhibit 10.4
ASSIGNMENT OF CONTRACT
THIS ASSIGNMENT OF CONTRACT (the "Assignment") is made as of the 9th day of
March 2007 by Triple Net Properties, LLC, a Virginia limited liability company
("Assignor") to NNN 4101 Interwood, LLC, a Delaware limited liability company
("Assignee").
RECITALS
Assignor and NNN VF Interwood, LP, a Texas limited partnership, entered
into that certain Agreement for Purchase and Sale of Real Property and Escrow
Instructions, dated as of January 10, 2007 (the "Contract") with respect to
certain property known as Offices at Interwood, Xxxxxx County, Texas, as more
particularly described in the Contract. Assignor desires to assign all of its
rights, title and interest in and to the Contract to Assignee.
AGREEMENT
FOR and in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Assignor hereby assigns all of its rights, title and interest in and to the
Contract to Assignee.
Assignee by its execution of this Assignment hereby assumes all of
Assignor's obligations under the Contract.
WITNESS the following signatures:
ASSIGNOR: Triple Net Properties, LLC,
a Virginia limited liability company
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Executive VP
ASSIGNEE: NNN 4101 Interwood, LLC,
a Delaware limited liability company
By: Triple Net Properties, LLC,
a Virginia limited liability company
Its: Manager
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Executive VP
