Exhibit 10.16
ASSIGNMENT OF
PURCHASE AGREEMENT
Kelcor, Inc., a Missouri corporation ("KelCor"), hereby assigns all of its
right, title and interest under that certain Purchase Agreement dated July 10,
2001, (the "Contract") by and between Waterton Rock, Limited, an Arkansas
limited partnership ("Seller") and KelCor to Landings Acquisition, L.L.C., a
Missouri limited liability company ("Assignee").
KelCor acknowledges that it is not released from its obligations under the
Contract.
Assignee assumes all of KelCor's obligations under the Contract and
represents that it is an Affiliate of Maxus Realty Trust, Inc., as defined in
Section 11 C of the Contract.
KelCor, Inc.
By: /s/ Xxxxx X. Xxxxxxx
Landings Acquisition, L.L.C.
By: /s/ Xxxx X. Xxxxx
Dated: 9/21/01
