ASSIGNMENT
THIS ASSIGNMENT ("Assignment") dated as of the 14th day of October, 1997 by
TIGER SOUTH BRUNSWICK, L.L.C., XXXXXXXXX REAL ESTATE FUND I, L.P., AND XXXXXXXXX
REAL ESTATE CO-INVESTMENT PARTNERSHIP I, L.P. (collectively, the "Assignors")
for the benefit of Xxx X. Xxxxxxx ("Xxxxxxx") and Xxxx X. Xxxxxx, III
("Xxxxxx").
Background
On the date hereof, the Assignors are assigning to Royale Investments, Inc.
("Royale") certain limited partnership interests in South Brunswick Investors,
L.P., a Delaware limited partnership. In consideration for such assignment of
limited partnership interests, Royale has agreed to issue and deliver to the
Assignors 147,818 shares of Royale common stock (the "Shares").
In connection with a separate transaction. the Assignors have agreed to
deliver the Shares to Xxxxxxx and Xxxxxx.
NOW THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Assignors hereby assign:
(i) to Xxxxxxx, all interest in and to, and the right to receive, directly
from Royale, fifty percent (50%) of the Shares; and
(ii) to Xxxxxx, all interest in and to, and the right to receive, directly
from Royale, fifty percent (50%) of the Shares.
Assignors agree that they shall direct Royale to issue the Shares as set
forth above.
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IN WITNESS WHEREOF, the Assignors have executed this Assignment as of the
date first set forth above.
TIGER SOUTH BRUNSWICK, L.L.C., a Delaware limited
liability company, by its managing members
Xxxxxxxxx Real Estate Fund I, L.P., a Delaware
limited partnership, and Xxxxxxxxx Real Estate
Co-Investment Partnership I, L.P., a Delaware
limited partnership, by their general partner,
Xxxxxxxxx Real Estate Partners Management I,
L.L.C., by its sole managing member Xxxxxxxxx
Real Estate Partners, L.L.C.
By:
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Print Name:
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XXXXXXXXX REAL ESTATE FUND I, L.P., a Delaware
limited partnership, and XXXXXXXXX REAL ESTATE
CO-INVESTMENT PARTNERSHIP I, L.P., a Delaware
limited partnership, by their general partner
Xxxxxxxxx Real Estate Partners Management I,
L.L.C., by its sole managing member Xxxxxxxxx
Real Estate Partners, L.L.C.
By:
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Print Name:
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October ___, 1997
Royale Investments Inc,
0000 Xxxx Xxxxx
Xxxxxxxxxxx, XX 00000
Ladies and Gentlemen:
On this date, the undersigned are transferring to Royale Investments Inc.
("Royale") certain limited Partnership interests in Blue Xxxx Investment
Company, L.P., South Brunswick, L.P., Comcourt. Investors, L.P., and 0000 Xxxxx
Xxxxx L.P. (collectively, "Assignors"), as more particularly set forth in those
certain Assignments of Partnership Interests dated the date hereof and being
delivered to Royale together with this letter. As consideration for the
assignment of the interests, Royale has agreed to issue to the Assignors 600,000
shares of Royale common stock (the "Stock"). This letter shall constitute
instructions to Royale from the undersigned that the stock should be issued in
the form of two certificates for 300,000 shares each, in the names of Xxx X.
Xxxxxxx and Xxxx X. Xxxxxx, III respectively. This letter may be signed in one
or more counterparts and facsimile signatures shall be acceptable for purposes
of this letter.
Very truly yours.
STRATEGIC FACILITY INVESTORS, INC.
By:
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Xxxx X. Xxxxxx, III
COMCOURT INVESTMENT CORPORATION
By:
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Xxxx X. Xxxxxx, III
GATEWAY XXXXXXX
DEVELOPMENT CORPORATION
By:
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Xxxx X. Xxxxxx, III
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Xxxx X. Xxxxxx, III
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Xxx X. Xxxxxxx, by his attorney-in-fact
By:
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Xxxx X. Xxxxxx, III
TIGER SOUTH BRUNSWICK, L.L.C., a Delaware
limited liability company, by its managing
members Xxxxxxxxx Real Estate Fund I, L.P., a
Delaware limited partnership, and Xxxxxxxxx
Real Estate Co-Investment Partnership I,
L.P., a Delaware limited partnership, by
their general partner Xxxxxxxxx Real Estate
Partners Management I, L.L.C., by its sole
managing member Xxxxxxxxx Real Estate
Partners, L.L.C.
By:
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Print Name:
Print Title:
XXXXXXXXX REAL ESTATE FUND I, L.P., a
Delaware limited partnership, and XXXXXXXXX
REAL ESTATE CO-INVESTMENT PARTNERSHIP, L.P.,
a Delaware limited partnership, by their
general partner Xxxxxxxxx Real Estate
Partners Management I. L.L.C., by its sole
managing member Xxxxxxxxx Real Estate
Partners, L.L.C.
By.
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Print Name:
Print Title:
