HomeMy WebLinkAbout4.2b PA Assignment - Syndica to Hemingway IndustrialASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT
SYNDICA, LLP, a North Dakota limited liability partnership (the "Assignor"), hereby
assigns to HEMINGWAY INDUSTRIAL, LLC, a Delaware limited liability company (th9
"Asiignee"), all of Assignor's right, title and interest in and to that certain Purchase Agreement dated
Februiry 16,2022 (the "Agreement"), by and between the Assignor, as the Buyer, and COTTAGE,
GROVE ECONOMIC DEVELOPMENT AUTHORITY, as the Seller, for unimproved real properly
located in Cottage Grove, Minnesota, as more particularly described in the Agreement. This
Assignment is made pursuant to Section 16 of the Agreement.
Assignee hereby accepts the foregoing assignment and transfer, and expressly assumes and
agrees to perform, from and after the date of this Assignment, all of the obligations of Assignor under
the Agreement.
IN WITNESS WHEREOF, the parties have executed this Assignment as of July b,2022.
ASSIGNOR:
SY|{DICA, LLP
By:
Austin J. Morris, General Partner
ASSIGNEE:
HEMINGWAY INDUSTRIALO LLC
By:
Its:
By
Syndica, LLP
Manager
BenjaminN. Meland,Partner