ASSIGNMENT OF CONTRACT OF SALE AND PURCHASEAssignment of Contract of Sale and Purchase • August 5th, 2019 • Medalist Diversified REIT, Inc. • Real estate investment trusts
THIS ASSIGNMENT OF CONTRACT OF SALE AND PURCHASE (this “Assignment”) is made this 5th day of August, 2019, by and between MEDALIST DIVERSIFIED HOLDINGS, L.P., a Delaware limited partnership (“Assignee”); and MEDALIST FUND MANAGER, INC., a Virginia corporation (the “Assignor”).
THIS AGREEMENT IS SUBJECT TO ARBITRATION PURSUANT TO THE COMMERCIAL ARBITRATION RULES OF THE JUDICIAL ARBITRATION AND MEDIATION SERVICES (THE “JAMS”) AS SUCH RULES MAY BE MODIFIED HEREIN OR AS OTHERWISE AGREED BY THE PARTIES IN CONTROVERSY.Contract of Sale and Purchase • August 5th, 2019 • Medalist Diversified REIT, Inc. • Real estate investment trusts • South Carolina
THIS CONTRACT OF SALE AND PURCHASE (hereinafter referred to as the “Agreement”) is made and entered into as of the date this Agreement is executed by both the hereinbelow defined Seller and Buyer and an executed original thereof is delivered to Buyer (the “Effective Date”) by and among Appian-Brookfield South 48, LLC, a South Carolina limited liability company, (50% Undivided TIC Interest) and Appian-Brookfield TIC, LLC, a South Carolina limited liability company, (50% Undivided TIC Interest) (hereinafter collectively, referred to as “Seller”) and Medalist Fund Manager, Inc., a Virginia Corporation, its successors or assigns (hereinafter referred to as “Buyer”).
