Assignment and Assumption of Purchase Agreement related to 350 E. Plumeria Bldg



 Exhibit 10.16 
 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 KBSII 350 PLUMERIA, LLC, a Delaware limited liability company
(“Assignee”), as of October 6, 2008 (“Effective Date”). 
 RECITALS 
 A. Pursuant to the terms of that certain Purchase Agreement effective as of September 24, 2008, by and between BRE/PLUMERIA L.L.C., as seller, and
Assignor, as buyer (as amended, the “Purchase Agreement”), Assignor agreed to acquire the Property (as such term is defined in the Purchase Agreement) commonly referred to as 350 East Plumeria Drive, San Jose, California.

 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. Upon consummation of the
transactions contemplated by the Purchase Agreement, Assignor shall be automatically released from its 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/ Charles J. Schreiber, Jr.

		 	Charles J. Schreiber, Jr.
		 	Chief Executive Officer

  

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 ASSIGNEE: 
  

											
	KBSII 350 PLUMERIA, LLC,
	a Delaware limited liability company
		
	By:	 	KBSII REIT ACQUISITION IV, LLC,
		 	 a Delaware limited liability company,
 its
sole member

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

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

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

						
		 		 		 		 	By:	 	 /s/ Charles J. Schreiber, Jr.

		 		 		 		 		 	Charles J. Schreiber, Jr.
		 		 		 		 		 	Chief Executive Officer

  

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