ASSIGNMENT OF BENEFICIARY RIGHTS AGREEMENTAssignment of Beneficiary Rights Agreement • March 16th, 2021
WHEREAS, pursuant to the Irrevocable Trust Agreement F/1729 dated October 24, 2013, entered into by and between the Beneficiaries and Invex (the “Trust” or the “Trust Agreement”), the Trust purchased the real property set forth on Exhibit “A” herein (the “Trust Lands”) from subsidiaries of the Company same that it was received as consideration for the assignment of certain account receivables derived from certain Factoring Facility claims that the trustee transferred on an as-is where without providing any representation and warranty regarding its validity and affects (as it is stated on the corresponding transfer public deeds), jointly with the amount in cash for the difference among the value assigned to such account receivables and the book value of the Trust Lands, as it is evidenced in the corresponding public deeds, provided that (i) the Trust Lands were acquired by the Trustee as they were and without receiving its physical possession, reason why it is not in conditions to guard
