BUSINESS LOAN AGREEMENTBusiness Loan Agreement • September 2nd, 2021 • Medalist Diversified REIT, Inc. • Real estate investment trusts • Virginia
ASSIGNMENT, ASSUMPTION AND RELEASE AGREEMENTAssignment, Assumption and Release Agreement • September 2nd, 2021 • Medalist Diversified REIT, Inc. • Real estate investment trusts • Virginia
THIS ASSIGNMENT, ASSUMPTION AND RELEASE AGREEMENT (this “Agreement”) is made as of this 31st day of August, 2021, by and among MEDALIST FUND II-B, LLC, a Delaware limited liability company, whose address is 1051 E. Cary Street, Suite 601, Richmond, Virginia 23219 (the "Seller"), THOMAS E. MESSIER, whose address is 207 Massle Road, Richmond, Virginia 23221, WILLIAM R. ELLIOTT, whose address is 9 Albemarle Avenue, Richmond, Virginia 23226, and Medalist Fund II, LLC, whose address is 1051 E. Cary Street, Suite 601, 23226 (collectively, the “Guarantors”), MDR GREENBRIER, LLC, a Delaware limited liability company, whose address is 1051 E. Cary Street, Suite 601, 23226 (“MDR” and/or the “Buyer”), and THE OLD POINT NATIONAL BANK OF PHOEBUS, whose address is 1 West Mellen Street, Hampton, Virginia 23663 (the “Lender”).
