Exhibit 10.17

 

ASSIGNMENT AND ASSUMPTION OF AGREEMENT OF SALE AND PURCHASE

 

THIS ASSIGNMENT AND ASSUMPTION OF AGREEMENT OF SALE AND PURCHASE (this
“Assignment”) is made by and between FOUNDATION SURGICAL HOSPITAL AFFILIATES,
L.L.C., a Nevada limited liability company (“Assignor”), and DOC-FSH EL PASO
MEDICAL CENTER, LLC, a Wisconsin limited liability company (“Assignee”)
(collectively, the “Parties”), this          day of             , 2013.

 

W I T N E S S E T H

 

WHEREAS, Health Care REIT, Inc., a Delaware corporation (“Health Care REIT”) and
HCRI Texas Properties, Ltd., a Texas limited partnership (“HCRI”), as the
seller, and Assignor, as the buyer, entered into that certain Agreement of Sale
and Purchase dated                      and attached hereto as Exhibit A (the
“Agreement”) for the Property (as defined in the Agreement).

 

WHEREAS, Assignor offers to assign its rights, title, interests and obligations
in, to, and under the Agreement to Assignee.

 

WHEREAS, Assignor wishes to assign to Assignee, and Assignee wishes to assume,
all of Assignor’s rights, title, interests, and obligations in, to, and under
the Agreement.

 

NOW, THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency
of which is hereby acknowledged, Assignor and Assignee hereby agree as follows:

 

1.             Assignment of Assignor’s Interests in the Agreement.  Assignor
hereby assigns, transfers, and conveys to Assignee all of Assignor’s rights,
title, interests, and obligations in, to, and under the Agreement.

 

2.             Assumption of Assignor’s Interests in the Agreement.  Assignee
accepts the assignment made hereby, acknowledges receipt of the Agreement and
assumes and agrees to perform, as a direct obligation to Health Care REIT and
HCRI, all duties and obligations required to be performed by the Assignor under
the Agreement and related documents to the same extent as if Assignee had been
an original party thereto, including, but not limited to, all earnest money
obligations, responsibilities, terms and conditions. Notwithstanding the
foregoing, nothing in this Assignment shall serve to release Assignor from its
obligations to Health Care REIT and HCRI under the Agreement.

 

3.             Successors and Assigns.  This Assignment shall be binding upon
and shall inure to the benefit of the Parties and their respective personal
representatives, heirs, successors and assigns.  This is an integrated agreement
and represents the full, final, and complete expressions

 

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of the Parties, subject to that certain Agreement and in connection with
Assignment and Assumption of Agreement.

 

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IN WITNESS WHEREOF, the Parties have executed this Assignment on the date first
above written.

 

ASSIGNOR:

 

ASSIGNEE:

 

 

 

FOUNDATION SURGICAL HOSPITAL AFFILIATES, L.L.C., a Nevada limited liability
company

 

DOC-FSH EL PASO MEDICAL CENTER, LLC, a Wisconsin limited liability company

 

 

 

 

 

By:

Physicians Realty, L.P., a Delaware limited partnership, its Manager

 

 

 

 

By:

/s/ Robert M Byers

 

 

By:

Physicians Realty Trust, a Maryland real estate investment trust, its general
partner

 

 Robert M. Byers, Manager

 

 

 

 

 

 

 

By:

/s/ John T. Thomas

 

 

 

John T. Thomas

 

 

 

President and Chief Executive Officer

 

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