PERFORMANCE OF LOAN OBLIGATIONS AND INDEMNITY AGREEMENTPerformance of Loan Obligations and Indemnity Agreement • April 6th, 2010 • Grubb & Ellis Healthcare REIT II, Inc. • Real estate investment trusts • Minnesota
THIS PERFORMANCE OF LOAN OBLIGATIONS AND INDEMNITY AGREEMENT (this “Agreement”) is made and entered into as of the 31st day of March, 2010 (the “Effective Date”), by and among G&E HEALTHCARE REIT II SARTELL MOB, LLC, a Delaware limited liability company (“Buyer”); STINGRAY PROPERTIES, LLC, a Minnesota limited liability company (“Seller”); SYLVAN HOLDINGS, LLC, a Minnesota limited liability company and CRYSTAL BLUE PROPERTIES, LLC, a Minnesota limited liability company (collectively, “Existing Entity Guarantors”); RONALD BERG, GARY VERKINNES, JEFFREY GERDES, and SAMIR ELGHOR, each an individual (collectively, “Existing Individual Guarantors” and together with Existing Entity Guarantors, “Existing Guarantors”); and GRUBB & ELLIS HEALTHCARE REIT II, INC., a Maryland corporation (“Buyer Parent”).
