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Exhibit 10.22
ASSIGNMENT AGREEMENT
In exchange of $15,000, the receipt and sufficiency of which is hereby
acknowledged, the undersigned hereby assigns, transfers, contributes and conveys
to Tower Realty Operating Partnership, L.P., a Delaware limited partnership (the
"Operating Partnership"), his entire right, title and interest in and tot all
limited partnership interests (the "Interest") held by him in Stellar
Associates, L.P. (the "Partnership"), including, without limitation, all rights
to receive distributions of money, profits and other assets from or relating to
the Partnership or the Interest, presently existing or hereafter at any time
arising or accruing after the date hereof TO HAVE AND TO HOLD the same unto the
Operating Partnership, its successors and assigns, forever. This assignment is
made without recourse or warranty express or implied except that the undersigned
represents and warrants that he has not transferred, pledged, hypothecated, sold
or otherwise transferred the Interest to any other party.
Upon the execution and delivery hereof, the undersigned withdraws from the
Partnership for all purposes and the operating Partnership assumes all
obligations in respect of the Interest.
Executed: As of April 29, 1997
XXXXXXX X. XXXXXX, AS NOMINEE
By: /s/ Xxxxxxx X. Xxxxxx
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Name:
Title:
