ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • September 17th, 2009 • National Tax Credit Investors Ii • Real estate operators (no developers) & lessors • California
This Assignment and Assumption Agreement (the "Agreement") is made and entered into as of September 8, 2009 (the "Effective Date"), by and among Investment Concepts, Inc., a California corporation (the "Co-General Partner"), National Tax Credit, Inc. II, a California corporation ("NTC, Inc. II"), and National Tax Credit Investors II, a California limited partnership ("NTCI II" and together with NTC, Inc. II, individually and collectively, "Assignor"); and GAC Realty Advisors, LP, a Nevada limited partnership ("Assignee" and together with the Co-General Partner and Assignor, each, a "Party" and any two or more, as the context requires, collectively, the "Parties"), with reference to the following:
