ASSIGNMENT
OF
PURCHASE AND SALE AGREEMENT
THIS ASSIGNMENT made and entered into this 2nd day of
October 2001, by and between AEI FUND MANAGEMENT, INC., a
Minnesota corporation, ("Assignor") and AEI Real Estate Fund
85-A Limited Partnership a Minnesota Limited Partnership
("Assignee");
WITNESSETH, that:
WHEREAS, on the 16th day of September, 2001, Assignor
entered into a Purchase and Sale Agreement (the "Agreement")
for that certain property located at 000 Xxxx Xxxxxx Xxxxxx,
Xxxx Xxxxxxxxxxx, XX 00000 (the "Property") with NNN-CW,
LP, a Delaware limited partnership as Seller; and
WHEREAS, Assignor desires to assign an undivided fifty
seven percent (57.0%) of its rights, title and interest in,
to and under the Agreement 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 REAL ESTATE FUND 85-A LIMITED PARTNERSHIP ("Assignee")
BY: Net Lease Management 85-A, Inc.
By: /s/ Xxxxxx X Xxxxxxx
Xxxxxx X. Xxxxxxx, its President