Exhibit 10.24
ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT
This Assignment and Assumption of Purchase Agreement (“Assignment”) is entered
into between KBS CAPITAL ADVISORS LLC, a Delaware limited liability company
(“Assignor”), and KBS SOR 1800 WEST LOOP SOUTH, LLC, a Delaware limited
liability company (“Assignee”), as of 7:00 a.m. (Pacific time) on November 20,
2012 (“Effective Date”).
RECITALS
A.    Pursuant to the terms of that certain Real Estate Purchase and Sale
Agreement effective as of November 5, 2012, by and between 1800 WEST LOOP
HOUSTON, LTD., a Florida limited partnership, as seller, and Assignor, as buyer,
(the “Purchase Agreement”), Assignor agreed to acquire the Property (as such
term is defined in the Purchase Agreement) commonly referred to as “1800 West
Loop South” and located at 1800 West Loop South, City of Houston, County of
Harris, State of Texas.
B.    Assignor desires to assign, without recourse, representation or warranty,
all of its rights, benefits, liabilities and obligations arising under the
Purchase Agreement (and related documents) to Assignee, and Assignee desires to
assume all of said rights, benefits, liabilities and obligations.
NOW, THEREFORE, in consideration of the foregoing promises, the mutual
undertakings of the parties set forth herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
the parties, the parties agree as follows:
1.Recitals. The above recitals are incorporated herein by reference.
2.    Assignment and Assumption. Assignor hereby transfers, assigns and conveys,
without recourse, representation or warranty, express or implied, all of
Assignor’s rights, interests, liabilities and obligations in and to the
Property, and all of Assignor’s rights, interests, liabilities and obligations
under the Purchase Agreement (and related documents) to acquire same to
Assignee. Assignee hereby assumes all such rights, interests, liabilities and
obligations, and joins in all representations, warranties, releases, and
indemnities, of Assignor under the Purchase Agreement (and related documents)
relating to such Property and the Purchase Agreement (and related documents)
assigned to it above.
3.    Successors and Assigns. This Assignment shall be binding upon and inure to
the benefit of the parties’ successors and assigns.
4.    Attorneys’ Fees. In the event any party institutes any action or
proceeding against the other party with regard to this Assignment, the
prevailing party of such action shall be entitled to recover from the
nonprevailing party (in addition to all other remedies provided by law) its
attorneys’ fees and costs incurred in such action or proceeding.
5.    Release Under Purchase Agreement. In accordance with Section 22 of the
Purchase Agreement, Assignor shall not be released from its liabilities and
obligations under the Purchase Agreement.

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6.    Counterparts. This Assignment may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which when
taken together shall constitute one and the same instrument. Each counterpart
may be delivered by facsimile transmission. The signature page of any
counterpart may be detached therefrom without impairing the legal effect of the
signature(s) thereon provided such signature page is attached to any other
counterpart identical thereto.
[Signatures to Follow]

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Executed as of the date set forth above.

ASSIGNOR:

KBS CAPITAL ADVISORS LLC,
a Delaware limited liability company

By:
/s/ David E. Snyder
 
David E. Snyder
 
Chief Financial Officer

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ASSIGNEE:

KBS SOR 1800 WEST LOOP SOUTH, LLC,
a Delaware limited liability company

By:    KBS SOR ACQUISITION XVI, LLC,
a Delaware limited liability company,
its sole member

By:    KBS SOR PROPERTIES, LLC,
a Delaware limited liability company,
its sole member

By:    KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
a Delaware limited partnership,
its sole member

By:    KBS STRATEGIC OPPORTUNITY REIT, INC.,
a Maryland corporation,
its sole general partner

By:
/s/ David E. Snyder
 
David E. Snyder
 
Chief Financial Officer

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