ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • May 8th, 2013 • Real Estate Associates LTD Vii • Real estate
This Assignment and Assumption Agreement (the “Agreement”) is made as of May 6, 2013 (the “Effective Date”), by and between Real Estates Associates IV, a California partnership (“Assignor” or “Withdrawing Limited Partner”), Joel I. Ferguson, an individual (“Ferguson”), and AMG-MGT, LLC, a Michigan limited liability company, formerly Asset Management Group (“AMG”) (Ferguson and AMG each an “Assignee” and collectively, “Assignees”); and AMG and Bluewater Corporation, a Michigan corporation (collectively, the “General Partners” and together with Assignor and Assignees, each a “Party“ and, as the context requires, any two or more, collectively, “Parties”), with reference to the following:
