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ASSIGNMENT
OF
PURCHASE AGREEMENT
THIS ASSIGNMENT made and entered into this 2 day of
January, 2004, by and between AEI FUND MANAGEMENT, INC., a
Minnesota corporation, ("Assignor") and AEI Income & Growth
Fund 25 LLC, a Delaware Limited Liability Company, and AEI
Accredited Investor Fund 2002 Limited Partnership, a
Minnesota Limited Partnership (as tenants in common,
together collectively referred to as "Assignee");
WITNESSETH, that:
WHEREAS, on the 24th day of November, 2003, Assignor
entered into a Purchase Agreement ("the Agreement") for that
certain property located at 000 XxxxxXxxx Xxxxxxx,
Xxxxxxxxxxxxxx, XX (the "Property") with TransGate, L.L.C.,
as Seller; and
WHEREAS, Assignor desires to assign to AEI Income &
Growth Fund 25 LLC, an undivided twenty-five percent (25.0%)
interest as a tenant in common; and AEI Accredited Investor
Fund 2002 Limited Partnership, an undivided seventy-five
percent (75.0%) interest as a tenant in common, of its
rights, title and interest in, to and under the Agreement 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 to Assignee, to
have and to hold the same unto the Assignee, its
successors and assigns;
2. Assignee hereby assumes 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.
All other terms and conditions of the Agreement shall remain
unchanged and continue in full force and effect.
ASSIGNOR:
AEI FUND MANAGEMENT, INC.
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President
ASSIGNEE:
AEI INCOME & GROWTH FUND 25 LLC,
a Delaware corporation
BY: AEI FUND MANAGEMENT XXI, INC.,
a Minnesota corporation
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its
President
AEI ACCREDITED INVESTOR FUND 2002
LIMITED PARTNERSHIP,
a Delaware corporation
BY: AEI FUND MANAGEMENT XVIII,
INC.,
a Minnesota corporation
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its
President