Assignment and Assumption of Purchase Agreement



 Exhibit 10.49 
 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 CRESCENT GREEN, LLC, a Delaware limited liability company (“Assignee”), as of
December 21, 2006 (“Effective Date”). 
 RECITALS 
 A. Pursuant to the terms of that certain Purchase and Sale Agreement dated as of December 19, 2006, by and between CRESCENT 1100, L.L.C., a Delaware
limited liability company, CRESCENT 1200, L.L.C., a Delaware limited liability company, and CRESCENT 1300, L.L.C., a Delaware limited liability company, as sellers, 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 1100, 1200 and 1300 Crescent Green Drive, Cary, North Carolina. 
 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. 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.

 Executed as of the date set forth above. 
  

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	ASSIGNOR:
	
	 KBS CAPITAL ADVISORS LLC,
 a Delaware limited
liability company

		
	By:	 	/s/ Charles J. Schreiber, Jr.
		 	Charles J. Schreiber, Jr.
		 	Chief Executive Officer

  

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	ASSIGNEE:
	
	 KBS CRESCENT GREEN, LLC,
 a Delaware limited
liability company

		
	By:	 	 KBS REIT ACQUISITION IX, LLC,
 a Delaware
limited liability company,
 its sole member

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

				
		 		 	By:	 	 KBS REAL ESTATE INVESTMENT TRUST, INC.,
 a
Maryland corporation,
 general partner

					
		 		 		 	By:	 	/s/ Charles J. Schreiber, Jr.
		 		 		 		 	Charles J. Schreiber, Jr.
		 		 		 		 	Chief Executive Officer

  

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