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EXHIBIT 10.ddd
XXXX OF SALE AND ASSIGNMENT
THIS XXXX OF SALE AND ASSIGNMENT (hereinafter referred to as this
"AGREEMENT"), made and entered into as of the 31st day of December, 1996, by
000 XXXXXX XXXXX LIMITED PARTNERSHIP, an Illinois limited partnership
(hereinafter referred to as "Seller"), for the benefit of OVERSEAS PARTNERS
(333), INC., an Illinois corporation, its successors and assigns (hereinafter
referred to as "PURCHASER").
WITNESSETH:
WHEREAS, Seller is the owner of certain improved real property
(hereinafter referred to as the "PROPERTY") located in the City of Chicago,
County of Xxxx, State of Illinois, as more particularly described in Exhibit
"A" attached hereto and by this reference made a part hereof; and
WHEREAS, pursuant to that certain Purchase and Sale Agreement dated
December 24, 1996 between Seller and Overseas Partners Capital Corp., a
Delaware corporation (the "Purchase Agreement"), Seller has on even date
conveyed the Property to Purchaser, and in connection therewith Seller wishes
hereby to transfer and assign to Purchaser all of Seller's right, title and
interest in and to certain personal property related to the Property as more
particularly described below.
NOW THEREFORE, in consideration of the sum of Ten Dollar ($10.00) and
other good and valuable consideration, in hand paid by Purchaser to Seller, the
receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser
hereby covenant and agree as follows:
1. PERSONALTY. Seller hereby grants, bargains, sells, conveys,
transfers and delivers to Purchaser, if and to the extent transferable, all of
Seller's right, title and interest in the Personal Property as defined in the
Purchase Agreement, including those items set forth in Exhibit "B" attached
hereto and by this reference made a part hereof.
2. INTANGIBLES. Seller hereby grants, bargains, sells, conveys,
transfers and delivers to Purchaser, if and to the extent transferable, any
right which Seller may have in the Intangibles, other than the Operating
Agreements, both as defined in the Purchase Agreement.
3. WAIVER OF WARRANTIES. Purchaser hereby waives any and all
warranties of merchantability or warranties of fitness for a particular purpose
with respect to the Personal Property being transferred by this Instrument.
4. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon
and insure to the benefit of Purchaser and Seller and their respective heirs,
legal representatives, successors and assigns.
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IN WITNESS WHEREOF, Seller has executed this Agreement as of the date
first above written.
000 XXXXXX XXXXX LIMITED PARTNERSHIP,
an Illinois limited partnership
By: The Equitable Life Assurance
Society of the United States, general
partner
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
Title: Investment Officer
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EXHIBIT "A"
LEGAL DESCRIPTION OF PROPERTY
PARCEL 1:
LOTS 7, 8 AND 9 IN ASSESSOR'S DIVISION OF LOTS 1, 2, 3, 7 AND 8 AND THE EAST 20
FEET OF LOT 6 IN BLOCK 21 IN ORIGINAL TOWN OF CHICAGO IN XXXXXXX 0, XXXXXXXX 00
XXXXX, XXXXX 00, XXXX OF THE THIRD PRINCIPAL MERIDIAN, IN XXXX COUNTY,
ILLINOIS.
PARCEL 2:
THE EAST 1/4 OF XXX 0 XXX XXX XXXX 0/0 XX XXX 0 XX XXXXX 21 IN ORIGINAL TOWN OF
CHICAGO, OTHERWISE KNOWN AS LOTS 10 AND 11 IN ASSESSOR'S DIVISION OF LOTS 1, 2,
3, 7 AND 8 AND THE EAST 20 FEET OF LOT 6, ALL IN SAID BLOCK 21 IN ORIGINAL TOWN
OF CHICAGO, IN THE CITY OF CHICAGO, IN XXXX COUNTY, ILLINOIS.
PARCEL 3:
ALL OF XXXX 0 XXX XXX XXXX 0/0 XX XXX 0 AND THE WEST 1/2 OF THE EAST 1/2 OF LOT
6, ALL IN BLOCK 21 IN THE ORIGINAL TOWN OF CHICAGO, IN XXXX COUNTY, ILLINOIS.
PARCEL 4:
THE EAST 1/4 OF LOT 1 AND THAT PART OF THE VACATED ALLEY LYING SOUTH AND
ADJOINING SAID LAND IN BLOCK 21 IN THE ORIGINAL TOWN OF CHICAGO IN XXXXXXX 0,
XXXXXXXX 00 XXXXX, XXXXX 00, XXXX OF THE THIRD PRINCIPAL MERIDIAN, IN XXXX
COUNTY, ILLINOIS.
PARCEL 5:
THE WEST 1/2 OF THE EAST 1/2 OF LOT 1 AND THAT PART OF THE VACATED ALLEY LYING
SOUTH AND ADJOINING SAID LAND IN BLOCK 21 IN ORIGINAL TOWN OF CHICAGO IN THE
SOUTH FRACTIONAL 1/2 OF SECTION 9, TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE
THIRD PRINCIPAL MERIDIAN, IN XXXX COUNTY, ILLINOIS.
PARCEL 6:
LOTS 3, 5 AND 6 IN ASSESSOR'S DIVISION OF LOTS 1, 2, 3, 7 AND 8 AND THE EAST
20 FEET OF LOT 6 IN BLOCK 21 IN ORIGINAL TOWN OF CHICAGO IN XXXXXXX 0, XXXXXXXX
00 XXXXX, XXXXX 00, XXXX OF THE THIRD PRINCIPAL MERIDIAN, IN XXXX COUNTY,
ILLINOIS.
PARCEL 7:
THE EAST 1/2 OF ORIGINAL XXX 0 XX XXXXX 00 XX THE ORIGINAL TOWN OF CHICAGO IN
THE SOUTH EAST 1/4 OF SECTION 9, TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD
PRINCIPAL MERIDIAN, SOMETIMES ALSO DESCRIBED AS:
XXX 0 XX XXXXXXXX'X XXXXXXXX XX XXXX 0, 2, 3, 7, 8 AND THE EAST 20 FEET OF XXX
0 XX XXXXX 00 XX XXXXXXXX XXXX XX XXXXXXX, XX THE SOUTH EAST 1/4 OF SECTION 9,
TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN XXXX
COUNTY, ILLINOIS.
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EXHIBIT "B"
SCHEDULE OF PERSONAL PROPERTY
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Office of The Building
Personal Property List
Type of Furniture Number
Computer Stand 1
Tables:
Conference (Large) 1
Conference (Small) 1
Kitchen (Small) 1
Reception (Small) 2
Chairs:
Conference Room 10
Executive High Back 3
Kitchen 3
Reception 4
Secretarial 3
Visitors 11
Desks:
Executive 3
Secretarial 3
Credenzas 5
Ice Makers 1
Bookshelves
Lateral 4
Vertical 4
IBM Series II Typewriter 1
(Spiral) Binding Machine 1
MIRTECH Security System 1
Minolta Fax Machine 1
Pitney Xxxxx Postage Meter 1
Postage Scale 1
Microwave Ovens 1
Refrigerators 1
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ENGINEERING DEPARTMENT
Personal Property List
ITEM QUANTITY ITEM QUANTITY
Drill Presses 2 Screw Drivers 20
Bench Grinders 3 Desks 3
Horizontal Bandsaw 1 Credenza's 3
Bearing Press 1 File Cabinets 8
Wet/Dry Vacs 4 Chairs 10
Refrigerant Recover 3 Roll Around 1
Machines Tool Box 1
Hood Volumeter 1 Tap & Die Set 1
Compac PC w/Monitor 1 3/4" Drive Socket Set 1
Laser Jet Printer 1 1/2" Drive Socket Set 1
Walkie Talkies & 6 3/8" Drive Socket Set 1
Charger Electric Drill Sharpener 1
Toshiba Lap-Top 1 Electric Router 1
Wire Cart 1 Router Bit Kit 1
Self-Contained Breathing 2 Hole Saw Kit 1
Bench Vises 2 Glue Gun 1
Pipe Threading Machine 1 Combination Wrench 24
Tri-Pod Pipe Vise 1 Wood Chisel Set 1
Cordless Drill 3/8" 2 Electric Drills 4
Cordless Screwdriver 1 Electric Shears 2
Portable Band Saw 1 Megger 1
Table Saw 1 Multimeters 2
Jig Saw 1 Amphrobe 1
Circular Saw 1 Electronic Circuit Locator 1
Sawzall 1 Kilowatt Hour Meter 1
Hand Saw 2 Charging Sensor 1
Hack Saw 2 Electronic Scale 1
Hammers 5 Chart Recorders 2
Manometers 2 Maghelic 3
Fire Extinguisher's 100 Oxygen First Aid Kit 1
CO2 Manlift 35 Code Key Machine 1
Electric Manlift 1 Key Duplicative Machine 2
House Fans 1 Lock Pin Kit 1
Parts Cabinet 3 Crow Bar 3
Metal Files 8 Pinch Bar 2
Metal Cabinets 10 Engine Hoist 1
Electric Welders 6 Battery Charger 1
Scaffold Set 2 100 h.p. Electric Motor 1
Pipe Wrenches 1 75 h.p. Electric Motor 2
Oxy-Acet Torch Sets 12 40 h.p. Electric Motor 1
Gantry Set 2 30 h.p. Electric Motor 2
2 Ton Electric Hoist 1 25 h.p. Electric Motor 1
Chain Falls 1 15 h.p. Electric Motor 1
Vacuum Pumps 2 Garage Sweeper 1
Bottle Xxxx 2
Pallet Xxxx 1
First Aid Kit 1
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SECURITY DEPARTMENT
Personal Property List
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RADIO NUMBER TYPE QUANTITY
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00 X-000 00
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00 X-000 00
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00 X-000 00
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00 X-000 00
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00 X-000 00
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00 X-000 00
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00 X-000 00
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00 X-000 00
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00 X-000 00
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TOTAL: 09 Radios
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RADIO NUMBER TYPE QUANTITY
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14 P-50 01
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05 P-50 01
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15 P-50 01
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01 SP-50 01
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02 SP-50 01
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03 SP-50 01
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17 SP-50 01
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09 SP-50 01
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16 SP-50 01
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TOTAL: 09 Radios
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TOTAL RADIOS: 18 Radios
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06 Unit Charging Station 02
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P-50 Charges Single Unit 06
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P-100 Charges Single Unit 02
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TOTAL CHARGERS: 10
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Revised: 11/26/96
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