ASSIGNMENT
OF
PURCHASE AGREEMENT
THIS ASSIGNMENT made and entered into this 2nd day of
November, 1998, by and between AEI FUND MANAGEMENT, INC., a
Minnesota corporation, ("Assignor") and AEI INCOME & GROWTH
FUND XXII LIMITED PARTNERSHIP for the property located at
0000 Xxxxxxxxxx Xxxxxxx, Xxxxxxxx Xxxxxxx, AND AEI PRIVATE
NET LEASE FUND 1998 LIMITED PARTNERSHIP for the property
located at 0000 Xxxxxxxx Xxxxxxx #000, Xxxxxxxxx, Xxxxxxxxx
("Assignees");
WITNESSETH, that:
WHEREAS, on the 8th day of October, 1998, Assignor
entered into a Purchase Agreement ("Agreement") for that
certain property located at 0000 Xxxxxxxxxx Xxxxxxx,
Xxxxxxxx, Xxxxxxx and 0000 Xxxxxxxx Xxxxxxx #000, Xxxxxxxxx,
Xxxxxxxxx (the "Properties") with Centurion Video LTD., as
Seller/Lessee; and
WHEREAS, Assignor desires to assign all of its rights,
title and interest in, to and under the Agreement to
Assignees as hereinafter provided;
NOW, THEREFORE, for One Dollar ($1.00) and other good
and valuable consideration, receipt of which is hereby
acknowledged, it is hereby agreed between the parties as
follows:
1. Assignor assigns all of its rights, title and
interest in, to and under the Agreement with respect to
the Saraland, AL property to AEI Income & Growth Fund
XXII Limited Partnership, to have and to hold the same
unto the Assignee, its successors and assigns;
2. Assignor assigns all of its rights, title and
interest in, to and under the Agreement with respect to
the Covington, LA property to AEI Private Net Lease
Fund 1998 Limited Partnership, to have and to hold the
same unto the Assignee, its successors and assigns;
3. Assignees hereby assume all rights, promises,
covenants, conditions and obligations under the
Agreement to be performed by the Assignor thereunder,
and agrees to be bound for all of the obligations of
Assignor under the Agreement as it pertains to the
property identified as to be acquired by each Assignee.
All other terms and conditions of the Agreement shall remain
unchanged and continue in full force and effect.
AEI FUND MANAGEMENT, INC.
("Assignor")
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President
AEI INCOME & GROWTH FUND XXII LIMITED PARTNERSHIP
("Assignee" for Saraland, AL property)
BY: AEI Fund Management XXI, Inc.
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President
AEI PRIVATE NET LEASE FUND 1998 LIMITED PARTNERSHIP
("Assignee" for Covington, LA property)
BY: AEI Fund Management XVIII, Inc.
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President
