ASSIGNMENT
OF
CONTRACT FOR SALE AND PURCHASE
THIS ASSIGNMENT made and entered into this 17th day of
August 2001, by and between AEI FUND MANAGEMENT, INC., a
Minnesota corporation, ("Assignor") and AEI Income & Growth
Fund 23 LLC a Minnesota limited liability corporation
("Assignee");
WITNESSETH, that:
WHEREAS, on the 19th day of July, 2001, Assignor
entered into a Contract For Sale and Purchase (the
"Agreement") for that certain property located at 0000 000xx
Xxxxxx XX, Xxxx Xxxxxx, XX (the "Property") with CNL
Restaurant Investors Properties, Inc., as Seller; and
WHEREAS, Assignor desires to assign an undivided sixty
percent (60.0%) of its rights, title and interest in, to and
under the Commitment to Assignee 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.
AEI FUND MANAGEMENT, INC. ("Assignor")
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President
AEI INCOME & GROWTH FUND 23 LLC ("Assignee")
BY: AEI Fund Management XXI, Inc.
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President