Document:

EXHIBIT 10.163

A S S I G N M E N T  A G R E E M E N T

Bank of
America Plaza

Charlotte, North Carolina

THIS AGREEMENT (this “Agreement”)
is made as of the 11th day of September, 2006, by and between BRE/TZ ACQUISITIONS L.L.C., a Delaware
limited liability company (“Assignor”), and
HARVARD PROPERTY TRUST, LLC, a Delaware limited liability company (“Purchaser”).

R E C I T A L S

A.            Trizec
Holdings, LLC, a Delaware limited liability company (“Seller”)
is the owner of the “Property” (as hereinafter defined).

B.            Seller is
wholly-owned, indirectly through one or more subsidiary entities, by Trizec
Holdings Operating LLC (“Trizec Operating Company”).

C.            The
Trizec Operating Company is a party to that certain agreement (the “Merger Agreement”) captioned “AGREEMENT AND PLAN OF MERGER
AND ARRANGEMENT AGREEMENT”, dated as of June 5, 2006, among Trizec Properties,
Inc., Trizec Operating Company, Trizec Canada Inc., Grace Holdings LLC, Grace
Acquisition Corporation, Grace OP LLC and 4162862 Canada Limited, which
provides for certain transactions (collectively, the “Merger”)
more particularly described therein.

D.            Assignor
intends to enter into a purchase and sale agreement (the “Purchase
Agreement”) with Seller providing for the sale by Seller to Assignor
of the “Property” (as defined in the Purchase
Agreement).

E.             The
Property consists principally of certain land, leasehold interest and
improvements commonly known as Bank of America Plaza, located in the City of
Charlotte, State of North Carolina.

F.             Assignor
and Purchaser desire to assign the Purchase Agreement to Purchaser upon and
subject to the terms and conditions hereinafter set forth.

IN VIEW OF THE FOREGOING FACTS, and in consideration
of the respective undertakings of the parties hereto, it is hereby agreed as
follows:

A G R E E M E N T

ARTICLE I -
CERTAIN DEFINITIONS

Section 1.1             Incorporation
from Purchase Agreement.  The
following terms shall have the meanings specified for the same in the Purchase
Agreement:  “Additional
Deposit”, “Escrow Agent”, “Escrow Deposit”, “Initial Deposit”
and “Title
Company”.

 

Section 1.2             Other
Terms.

“Acquisition Closing”
means the “Closing” as defined in the
Purchase Agreement.

“Acquisition Closing Date”
means the “Closing Date” as defined in the
Purchase Agreement.

“Acquisition Survival
Period” means the “Survival Period”
as defined in the Purchase Agreement.

“Additional Assignment
Deposit” means Seven Million Dollars ($7,000,000).

“Affiliate” of a
person or entity (or words of similar import, whether or not capitalized)
includes any corporation, partnership, limited liability company, trust or
other person or entity controlling, controlled by or under common control with
such person or entity.  For the purpose
of this definition, “control” means
the possession, directly or indirectly, of the power to decide, affirmatively
(by direction) or negatively (by veto), the management and policies, whether
through the ownership of voting securities or by contract or otherwise.

“Aggregate Price”
means One Hundred Ninety Seven Million Dollars ($197,000,000).

“Due Diligence Period”
means the period beginning as of the date of this Agreement and ending at
7:00 p.m. (Eastern time) on September 19, 2006.

“Initial Assignment Deposit”
means Two Million Dollars ($2,000,000).

“Purchaser’s Designated
Closing Date” means October 19, 2006.

ARTICLE II-
ASSIGNMENT

Section 2.1             Assignment
of Purchase Agreement.  Upon and
subject to the conditions hereinafter provided, Assignor shall assign and
Purchaser shall assume the interest of the “Buyer” under the Purchase Agreement
(including any interest of Buyer in the Escrow Deposit).  Assignor shall use commercially reasonable
efforts to enter into the Purchase Agreement in accordance with the “Purchase
Agreement Requirements” (as hereinafter defined).  Purchaser understands that Assignor may have
an obligation to enter into the Purchase Agreement in connection with the
Merger and that despite Assignor’s commercially reasonable efforts, the
Purchase Agreement may not satisfy the Purchase Agreement Requirements.

2.1.1       Purchase
Agreement Requirements. As used herein, the “Purchase
Agreement Requirements” means that the Purchase Agreement shall be
substantially in the form of Exhibit “A” (the “Purchase
Agreement Exhibit”) with no deviations that are material and adverse
to the “Buyer” under the Purchase Agreement unless they are approved or deemed
approved by Purchaser under this Section 2.1.

2.1.2       Assignor
Substitute Certificates. Notwithstanding the foregoing, if a term of the
Purchase Agreement differs from a term set forth in the Purchase Agreement
Exhibit in a manner that is material and adverse to the “Buyer” under the
Purchase Agreement, then Assignor

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shall have the
right, but not the obligation, to provide Purchaser with a written certificate
(an “Assignor Substitute Certificate”)
pursuant to which Assignor provides the term from the Purchase Agreement
Exhibit, and, if Assignor elects to do so, the term shall be deemed to be
included in the Purchase Agreement for purposes of this Section 2.1. Assignor
shall have the right to provide such an Assignor Substitute Certificate only if
the applicable term is susceptible of being provided by a party other than
Seller (for example, a third party cannot resolve a difference in the closing
date from that set forth in the Purchase Agreement Exhibit).  For purposes of greater clarity and by way of
example, if the Purchase Agreement does not contain a representation and
warranty set forth in the Purchase Agreement Exhibit, Assignor shall have the right
to deliver an Assignor Substitute Certificate to Purchaser pursuant to which
Assignor provides such representation and warranty, in which event the Purchase
Agreement shall be deemed to include the representation and warranty for
purposes of this Section 2.1.  Any
Assignor Substitute Certificate provided by Assignor pursuant hereto shall be
subject to the same limitation on survival, materiality threshold and maximum
liability amount as set forth in the Purchase Agreement (with Assignor treated
as the “Seller” for purposes thereof), reduced by any other claims made against
Seller or Assignor under the Purchase Agreement or any Assignor Substitute
Certificate.

2.1.3       Delivery
of Purchase Agreement.  Assignor
shall deliver a true and complete copy of the Purchase Agreement (except that
the purchase price shall be redacted) to Purchaser promptly following the
execution and delivery thereof by Seller and Assignor.  The date that Purchaser receives (or is
deemed to have received) the Purchase Agreement (together with a blacklined
draft showing the changes from the Purchase Agreement Exhibit) is referred to
herein as the “Purchase Agreement Delivery Date.”  If the Purchase Agreement (or any draft
submitted by Assignor to Purchaser (together with a blacklined draft showing
the changes from the Purchase Agreement Exhibit or the then most recent draft
submitted to Purchaser), taking into account any Assignor Substitute
Certificate provided by Assignor as provided above, does not comply with the
Purchase Agreement Requirements, then Purchaser may deliver written notice to
Assignor within three (3) business days of the Purchase Agreement Delivery Date
(or the date of delivery of such draft, as applicable), which notice shall
identify with specificity any term or condition that differs from the Purchase
Agreement in a manner that is material and adverse to the “Buyer” under the
Purchase Agreement.  If Purchaser fails
to deliver such an objection notice within such three (3) business day period,
then Purchaser shall be deemed to have approved the Purchase Agreement (or
draft, as applicable) and agreed that it satisfies the Purchase Agreement
Requirements.

2.1.4       Leasing
Costs.  Purchaser acknowledges that “Tenant Inducement Costs” and “Leasing
Commissions” (as such terms are defined in the Purchase Agreement
Exhibit) may be allocated under the Purchase Agreement in the same manner they
would have been allocated thereunder if the date of the Purchase Agreement were
the date of this Agreement; and, accordingly, any update of the “Leasing Cost Exhibit” (as defined in the Purchase Agreement
Exhibit) to effectuate such result shall not be considered material and adverse
to the “Buyer” under the Purchase Agreement and therefore will be in accordance
with the Purchase Agreement Requirements.

2.1.5       Purchase
Agreement Termination Right.  If as
of the date that is five (5) business days prior to the Assignment Closing
Date, Assignor and Seller have not entered into the Purchase Agreement in
accordance with the Purchase Agreement Requirements, then each of Assignor and
Purchaser shall have the right to terminate this Agreement by delivering
written notice of termination to the other party; provided, however, that (1)
such termination notice must be 

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delivered prior to the date that the Purchase
Agreement meeting the Purchase Agreement Requirements is executed by Seller and
Assignor and delivered to Purchaser, and (2) in no event shall the foregoing in
any way limit Assignor’s obligation to use commercially reasonable efforts to
enter into the Purchase Agreement in accordance with the Purchase Agreement
Requirements.  In the event this
Agreement is terminated pursuant to the preceding sentence, the “Assignment
Deposit” (as hereinafter defined) shall be returned to Purchaser.

Section 2.2             Consideration
for Assignment.  In consideration of
the assignment described above, Purchaser shall pay to Assignor an amount (the “Assignment and Deposit Consideration”) equal to: (A) the sum
of (i) the Escrow Deposit on the “Assignment Closing Date” (as hereinafter
defined) and (ii) the amount (the “Assignment Consideration”)
by which the Aggregate Price exceeds the “Purchase Price” under the Purchase
Agreement (it being understood that in no event shall the Purchase Price exceed
the Aggregate Price), less (B) the “BofA Credit”.  As used herein, the “BofA Credit”
means the sum of (X) One Million Three Hundred Thousand Dollars ($1,300,000)
less any amounts paid (or reimbursed to Tenant) by Seller through the Closing
Date in connection with the work to be done under Sections 10.6(b)(1) and
10.6(b)(2) of the “BofA Lease” (as defined below), and (Y) an amount to be
determined and approved by each of Assignor and Purchaser on or prior to the
expiration of the Due Diligence Period for the work to be performed under
Section 10.6(a) of the BofA Lease, less any amounts paid by Seller in
connection with such work through the Closing Date.  The Assignment and Deposit Consideration
shall be paid as follows:

2.2.1       Assignment
Deposit.  Within two (2) business
days after the full execution and delivery of this Agreement, Purchaser shall
deliver to the Escrow Agent the Initial Assignment Deposit.  If this Agreement is not terminated under
Section 3.4, then within two (2) business days after the Due
Diligence Period, Purchaser shall deposit with the Escrow Agent the Additional
Assignment Deposit.  If such Additional
Assignment Deposit is not delivered within such period, then Assignor may
terminate this Agreement, in which event the Initial Assignment Deposit and all
interest thereon shall be immediately delivered to Assignor as liquidated
damages in accordance with Section 2.3.2. 
As used herein, the sum of the Initial Assignment Deposit and the
Additional Assignment Deposit together with all interest and other income
accruing thereon and all proceeds thereof is herein collectively called the “Assignment  Deposit”.

2.2.2       Assignment
Closing Payment.  By no later than
11:00 a.m. (Eastern Time) on the Assignment Closing Date, Purchaser shall
deliver to the Escrow Agent pursuant to the “Assignment Closing Procedure
Letter” (as hereinafter defined), the amount (the “Assignment
Closing  Payment”) by
which the Assignment and Deposit Consideration exceeds the then amount of the
Assignment Deposit.  The Assignment and
Deposit Consideration shall be paid to Assignor on the Assignment Closing
Date.  In the event that the Assignment
Deposit exceeds the Assignment and Deposit Consideration, the amount of such
excess (the “Refund”) shall be paid to
Purchaser at the “Assignment Closing” (as hereinafter defined).  The Assignment Deposit, the Assignment
Closing Payment (if any) and the Refund (if any) shall be paid by wire transfer
of immediately available funds.

Section 2.3             Maintenance
and Disposition of Assignment Deposit. 
The amounts deposited hereunder shall be held by Escrow Agent as a
deposit against the Assignment and Deposit Consideration in accordance with the
terms and provisions of this Agreement. 
At all times that the

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Assignment Deposit is being held by Escrow Agent, the
Assignment Deposit shall be invested by Escrow Agent in the following
investments (“Approved Investments”):  (i) United States Treasury obligations,
(ii) United States Treasury-backed repurchase agreements issued by a major
money center banking institution reasonably acceptable to Assignor and
Purchaser, (iii) any money market fund or other short-term investment
option offered by Escrow Agent as may be reasonably agreed to by Assignor and
Purchaser, or (iv) such other manner as may be reasonably agreed to by
Assignor and Purchaser.  The Assignment
Deposit shall be disposed of by Escrow Agent only as provided in this
Agreement.

2.3.1       Disposition
of Assignment Deposit if Assignment Consummated.  In the event the assignment of the Purchase
Agreement to Purchaser hereunder is consummated, then the Assignment Deposit shall
constitute a part of and be applied against the Assignment and Deposit
Consideration.

2.3.2       Disposition
of Assignment Deposit if Assignment is Not Consummated.  In the event the assignment of the Purchase
Agreement to Purchaser hereunder is not consummated, then the Assignment
Deposit shall either be returned to Purchaser or be paid to Assignor as
liquidated damages in accordance with the provisions hereinafter set out.

(1)           Default
by Purchaser.  In the event the
assignment of the Purchase Agreement to Purchaser hereunder is not consummated
by reason of the material default by Purchaser under this Agreement (all
conditions to Purchaser’s obligation to consummate the assignment hereunder
having been satisfied or waived in all material respects), then in such event
Assignor shall be entitled to terminate this Agreement and recover the
Assignment Deposit as full compensation and liquidated damages for such
default.  The parties recognize that it
is extremely difficult and impracticable to ascertain the extent of detriment
to Assignor caused by the breach by Purchaser under this Agreement and the
failure of the consummation of the transaction contemplated by this Agreement
or the amount of compensation Assignor should receive as a result of Purchaser’s
breach or default, and that the Assignment Deposit represents the parties’ best
current estimate of such detriment.  In
the event the sale of the Property shall not be consummated on account of
Purchaser’s default, then the retention of the Assignment Deposit shall be
Assignor’s sole and exclusive remedy under this Agreement by reason of such
default subject to the provisions of this Agreement (including this
Section 2.3.2) that expressly survive a termination of this
Agreement.  In such event, Assignor shall
be entitled to obtain the Assignment Deposit from the Escrow Agent.

(2)           Default
by Assignor.  If the assignment of
the Purchase Agreement to Purchaser is not consummated by reason of Assignor’s
material default under this Agreement or the failure of satisfaction of the
conditions benefiting Purchaser under Section 5.1 or the termination of
this Agreement in accordance with Section 2.1.5, 3.4 or 5.3, then the
Assignment Deposit shall be returned to Purchaser (except, if applicable, the
$100 payment required under Section 3.4), and neither party shall have any
further obligation or liability to the other (other than those obligations that
expressly survive a termination of this Agreement); provided, however, if the
assignment of the Purchase Agreement to Purchaser is not consummated by reason
of Assignor’s default, then Purchaser shall be entitled as its sole and
exclusive remedy to either (1) specifically enforce this Agreement, but
specific performance must be commenced within sixty (60) days after the
most recently scheduled Assignment Closing Date or (2) terminate this
Agreement and obtain a return of the Assignment Deposit, but no other action,
for damages or otherwise shall be permitted.

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Section 2.4             Actions
To Be Taken Under Purchase Agreement.

2.4.1       Notices,
Waivers and Approvals.  Between the
date of the Purchase Agreement and the end of the Due Diligence Period or the
earlier termination of this Agreement, Assignor shall not execute and deliver
any written notice, waiver or approval under (or amendment to) the Purchase
Agreement without giving at least two (2) business days’ prior written notice
to Purchaser.  If this Agreement shall
not have theretofore terminated, then between the end of the Due Diligence
Period and the earlier of the termination of this Agreement and the Assignment
Closing Date, Assignor shall not execute and deliver any written notice, waiver
or approval under (or amendment to) the Purchase Agreement without the prior
written consent of Purchaser (which will not be unreasonably withheld);
provided, however, that Purchaser’s consent will be deemed automatically to
have been given if it fails to object to the same within two (2) business
days (but not later than the Acquisition Closing) after written notice from
Assignor.  Notwithstanding the foregoing,
Assignor shall not be required to obtain Purchaser’s consent with respect to
(1) the delivery of the notice by “Buyer” under Section 5 of the Purchase
Agreement with respect to the designation of the “Closing Date” under the
Purchase Agreement, (2) any notice, waiver or approval under (or amendment to)
the Purchase Agreement that is not material and adverse to Purchaser (and
without limitation on the foregoing, does not accelerate the Closing Date to a
date before the Purchaser’s Designated Closing Date or increase the “Purchase
Price” under the Purchase Agreement so that it exceeds the Aggregate Price), or
(3) a waiver of Section 4.8 (“Merger”) of the Purchase Agreement.  Assignor shall promptly deliver to Purchaser
copies of any notices or other documents received by Assignor under the
Purchase Agreement.  The parties shall
use reasonable efforts to cooperate in order to meet the time deadlines for
consents by the “Buyer” under the Purchase Agreement.

2.4.2       Escrow
Deposit.  Assignor shall deliver the
Escrow Deposit under the Purchase Agreement as and when required under the
Purchase Agreement.  The Escrow Deposit
is to be applied and disposed of as provided in the Purchase Agreement.

2.4.3       Acquisition
Closing Obligations.  Purchaser shall
timely perform the obligations of “Buyer” required to be performed on the
Acquisition Closing Date (or by or after the third business day prior thereto)
under the Purchase Agreement, including the delivery of funds and the execution
and delivery of documents (which delivery shall be accomplished in accordance
with Section 6.1.1 and the Assignment Closing Procedure Letter).  Notwithstanding that Purchaser shall be
depositing with the Escrow Agent the funds and documents required to be
delivered by the “Buyer” pursuant to the Purchase Agreement, Assignor may also
elect to deposit such funds and documents with the Escrow Agent so that
Assignor will be in a position to close the transaction contemplated in the
Purchase Agreement in the event that Purchaser fails to timely perform its
obligations contained in this Agreement (without limitation on Assignor’s
rights and remedies by reason of Purchaser’s default).  Assignor may make the election set forth in
the preceding sentence without obtaining the prior consent of Purchaser and in
no event shall such election waive or otherwise limit the obligations of
Purchaser hereunder.

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ARTICLE III- DUE
DILIGENCE

Section 3.1             Due
Diligence.

3.1.1       Subject
to the terms of the “Access Agreement” (as defined below), Assignor shall make
available to Purchaser all information pertaining to the Property obtained by
Assignor pursuant to the Purchase Agreement and shall use diligent efforts to
cause Purchaser to have the same access to the Property and all the information
of Seller relating to the Property as Assignor is entitled to pursuant to the
Purchase Agreement, excluding, however, any information that is privileged,
confidential or proprietary to either Seller or Assignor or any of their
respective Affiliates. 

3.1.2       Purchaser has advised Assignor that in order
for Purchaser to consummate the assignment of the Purchase Agreement and the
acquisition of the Property, Purchaser must cause to be prepared up to three
(3) years of audited financial statements in respect of the Property in compliance
with the policies of Purchaser and certain laws and regulations, including,
without limitation, Securities and Exchange Commission Regulation S-X.  Assignor agrees to: (a) prior to the
Acquisition Closing Date, use commercially reasonable efforts to cooperate with
Purchaser to cause Seller to cooperate with Purchaser’s auditors pursuant to
the terms of Section 4.2.2 of the Purchase Agreement in the preparation of such
audited financial statements; and (b) if Assignor acquires the Property, to
perform the same obligations under Section 4.2.2 of the Purchase Agreement as
if Assignor were Seller (it being understood and agreed that the foregoing
covenants under clauses (a) and (b) shall survive the Assignment Closing for a
period of one (1) year).  Notwithstanding
the foregoing, (x) in no event shall Assignor have any obligation to institute
legal proceedings or to expend any monies in connection with its obligations
under this Section 3.1.2, (y) Purchaser shall reimburse Assignor for Assignor’s
out-of-pocket costs in connection with this Section 3.1.2, and (z) in no event
shall Assignor be obligated to provide or make available any Excluded Materials
(as defined in the Purchase Agreement).

Section 3.2             Confidentiality.  Reference is made to (a) the Access
Agreement, and (b) that certain letter agreement (“Confidentiality
Agreement”) dated July 25, 2006, pertaining to the confidentiality
of information, executed by Purchaser, a copy of which is attached hereto as Exhibit
B, which is incorporated herein by this reference as if herein set forth in
full.  Purchaser shall comply with the
Confidentiality Agreement and the Access Agreement.

Section 3.3             Review
Standards.  Purchaser shall at all
times conduct its due diligence review, inspections and examinations of the
Property in a manner so as to not cause liability, damage, lien, loss, cost or
expense to Seller, Assignor or the Property and so as to not unreasonably
interfere with or disturb any tenant at the Property, and Purchaser will
indemnify, defend, and hold Seller, Assignor and the Property harmless from and
against any such liability, damage, lien, loss, cost or expense (except to the
extent arising from the mere discovery of existing conditions that are not
exacerbated by Purchaser or its agents). 
Prior to entry upon the Property, Purchaser shall provide Seller and
Assignor with copies of certificates of insurance evidencing comprehensive
general liability insurance policies (naming Seller and Assignor as additional
insureds) which shall be maintained by Purchaser in connection with its
investigations upon the Property, with limits, coverages and insurers under
such policies reasonably satisfactory to Seller and Assignor.  Without limitation on the foregoing, in no event
shall Purchaser:  (a) conduct any on-site
activity, including

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any physical testing (environmental, structural or
otherwise) at the Property (such as soil borings, water samplings or the like)
without Seller’s and Assignor’s express written consent which consent, as to
physical testing, may be given or withheld in Seller’s and Assignor’s sole
discretion (and Purchaser shall in all events promptly return the Property to
its prior condition and repair thereafter); (b) contact any consultant or
other professional engaged by Seller or Assignor or any tenant of the Property
(or its representatives) without Seller’s and Assignor’s express written
consent (which, in the case of Assignor, shall not be unreasonably withheld);
or (c) contact any governmental authority having jurisdiction over the
Property without Seller’s and Assignor’s express written consent (which, in the
case of Assignor, shall not be unreasonably withheld) other than ordinary
contact normally associated with routine due diligence examinations that does
not involve any discussions with governmental officials (except to the extent
necessary to request records).  Consents
of Assignor under clause (b) or clause (c) above may be given orally or by
email by Anthony M. Myers (212-583-5225; myers@blackstone.com).  Seller and Assignor shall each have the
right, at its option, to cause a representative of Seller or Assignor, as the
case may be, to be present at all inspections, reviews and examinations
conducted hereunder.  Purchaser shall
schedule any entry (by it or its designees) onto the Property in advance with
Seller and Assignor.  In the event of any
termination hereunder, Purchaser shall return all documents and other materials
furnished by Seller or Assignor hereunder and at Seller’s or Assignor’s written
request, Purchaser shall promptly deliver to Seller and Assignor true, accurate
and complete copies of any written reports relating to the Property prepared
for or on behalf of Purchaser by any third party.  The provisions of this Section 3.3 shall
survive any termination of this Agreement.

Section
3.4             Termination
Right.  Before the date (the “Due Diligence Expiration Date”) the Due Diligence Period
expires, Purchaser may in its sole discretion, for any reason or no reason,
terminate this Agreement by written notice to Assignor and Seller (such notice
being herein called the “Termination Notice”),
whereupon this Agreement, and the obligations of the parties hereunder, shall
terminate (and no party hereto shall have any further obligation in connection
herewith except under those provisions that expressly survive a termination of
this Agreement), and $100 of the Assignment Deposit shall be paid to Assignor
as independent consideration for this Agreement, and the balance of the
Assignment Deposit shall be delivered to Purchaser.  In the event that Purchaser shall fail to
have delivered the Termination Notice to Assignor and Seller before the Due
Diligence Expiration Date, Purchaser shall have no further right to terminate
this Agreement pursuant to this Section 3.4.

ARTICLE IV–
REPRESENTATIONS AND WARRANTIES; DISCLAIMER

Section
4.1             Representations
and Warranties of Assignor.  Assignor
hereby represents and warrants to Purchaser as follows:

4.1.1       Purchase
Agreement.  [Intentionally Omitted]

4.1.2       Actions
Previously Taken Under Purchase Agreement. 
[Intentionally Omitted]

4.1.3       Due
Authorization, Execution, Organization, Etc.  This Agreement and all agreements,
instruments and documents herein provided to be executed or to be caused to be
executed by Assignor are and on the Assignment Closing Date will be duly
authorized, executed and

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delivered by and are and will be binding upon the
same.  Assignor is duly organized and
validly existing under the laws of the state of its formation and Assignor is
duly authorized and qualified to enter into and to do all things required of it
under this Agreement.  To Assignor’s
knowledge, neither this Agreement nor any agreement, document or instrument
executed or to be executed in connection with the same, nor anything provided
in or contemplated by this Agreement or any such other agreement, document or
instrument, breaches, invalidates, cancels, makes inoperative or interferes
with, or results in the acceleration or maturity of, any contract, agreement,
lease, easement, right or interest, law or regulation to which Assignor is
subject.

Section 4.2             Representations
and Warranties of Purchaser. 
Purchaser hereby represents and warrants to Assignor as follows:  This Agreement and all agreements,
instruments and documents herein provided to be executed or to be caused to be
executed by Purchaser are and on the Assignment Closing Date will be duly
authorized, executed and delivered by and are and will be binding upon the
same.  Purchaser is duly organized and
validly existing under the laws of the state of its formation and Purchaser is
duly authorized and qualified to enter into and to do all things required of it
under this Agreement.  To Purchaser’s
knowledge, neither this Agreement nor any agreement, document or instrument
executed or to be executed in connection with the same, nor anything provided
in or contemplated by this Agreement or any such other agreement, document or
instrument, breaches, invalidates, cancels, makes inoperative or interferes
with, or results in the acceleration or maturity of, any contract, agreement,
lease, easement, right or interest, law or regulation, to which Purchaser is
subject.

Section 4.3             Survival.  The foregoing representations and warranties
and all other obligations, provisions and liabilities under this Agreement or
any certificate delivered in connection herewith (including any cause of action
by reason of a breach thereof) shall survive until the date (the “Assignment Survival Expiration Date”) that is the earlier to
occur of the last day of the Acquisition Survival Period and the date that is
nine (9) months after the Assignment Closing Date (the period beginning on
the date hereof and ending on the Assignment Survival Expiration Date being
herein called the “Assignment Survival Period”),
at which time such representations and warranties, covenants, obligations,
provisions and liabilities (and any cause of action resulting from a breach
thereof not then in litigation) shall terminate (other than the obligations of
Assignor and Purchaser under Section 3.1.2., which shall survive for one (1)
year).  Notwithstanding the foregoing,
Assignor shall have no liability, and Purchaser shall make no claim against
Assignor, for (and Purchaser shall be deemed to have waived any failure of a
condition hereunder by reason of) a failure of any condition or a breach of any
representation or warranty, covenant or other obligation of Assignor under this
Agreement or any document executed by Assignor in connection with this
Agreement (including for this purpose any matter that would have constituted a
breach of Assignor’s representations and warranties had they been made on the
Assignment Closing Date) (a) if the failure or breach in question
constitutes or results from a condition, state of facts or other matter that is
either (i) known to Purchaser as of the date of this Agreement or (ii) if not
known to Assignor as of the date of this Agreement, is known to Purchaser on or
prior to the expiration of the Due Diligence Period, and (b) if the
failure or breach in question constitutes or results from a condition, state of
facts or other matter that was known to Purchaser prior to the Assignment
Closing and Purchaser proceeds with the Assignment Closing.

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Section 4.4             Knowledge.

(1)           Definition.  When a statement is made under this Agreement
to the “knowledge” of a party (or other similar phrase), it means that none of
the Designated Representatives of such party has any actual knowledge (without
further investigation) of any facts indicating that such statement is not
true.  Each Designated Representative shall
be deemed to have actual knowledge of any matter received by such Designated
Representative in writing.  None of the
Designated Individuals shall have any personal liability under this Agreement.

(2)           Designated
Representatives.  The “Designated Representatives” are limited to the following
individuals:

(a)            for
Assignor:  Anthony M. Myers; and

(b)            for
Purchaser:  Josh Taylor.

Section 4.5             DISCLAIMER;
RELEASE.  AS AN ESSENTIAL INDUCEMENT
TO ASSIGNOR TO ENTER INTO THIS AGREEMENT, AND AS PART OF THE DETERMINATION OF
THE ASSIGNMENT AND DEPOSIT CONSIDERATION, PURCHASER ACKNOWLEDGES, THAT, EXCEPT
AS OTHERWISE EXPRESSLY PROVIDED IN THIS AGREEMENT AND THE DOCUMENTS EXECUTED BY
ASSIGNOR IN CONNECTION HEREWITH:

4.5.1        DISCLAIMER.

(1)           AS-IS;
WHERE-IS.  AS SET FORTH IN THE
PURCHASE AGREEMENT, THE SALE OF THE PROPERTY IS AND WILL BE MADE ON AN “AS IS,
WHERE IS” BASIS. ASSIGNOR HAS NOT MADE, DOES NOT MAKE AND SPECIFICALLY NEGATES
AND DISCLAIMS ANY REPRESENTATIONS, WARRANTIES OR GUARANTIES OF ANY KIND OR
CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST,
PRESENT OR FUTURE OF, AS TO, CONCERNING OR WITH RESPECT TO THE SELLER, PROPERTY
OR ANY OTHER MATTER WHATSOEVER.

(2)           SOPHISTICATION
OF PURCHASER.  PURCHASER IS A
SOPHISTICATED BUYER WHO IS FAMILIAR WITH THE OWNERSHIP AND OPERATION OF REAL
ESTATE PROJECTS SIMILAR TO THE PROPERTY AND PURCHASER HAS HAD OR WILL HAVE
ADEQUATE OPPORTUNITY TO COMPLETE ALL PHYSICAL AND FINANCIAL EXAMINATIONS
(INCLUDING ALL OF THE EXAMINATIONS, REVIEWS AND INVESTIGATIONS REFERRED TO IN
ARTICLE III) RELATING TO THE ACQUISITION OF THE PROPERTY HEREUNDER IT DEEMS
NECESSARY, AND WILL ACQUIRE THE SAME SOLELY ON THE BASIS OF AND IN RELIANCE
UPON SUCH EXAMINATIONS AND THE TITLE INSURANCE PROTECTION OBTAINED BY IT AND
NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY ASSIGNOR (INCLUDING ANY
INFORMATION DELIVERED BY SELLER UNDER SECTION 3.1.2).

 10

(3)           DUE DILIGENCE MATERIALS. 
ANY INFORMATION PROVIDED OR TO BE PROVIDED WITH RESPECT TO THE PROPERTY
IS SOLELY FOR PURCHASER’S CONVENIENCE AND WAS OR WILL BE OBTAINED FROM A
VARIETY OF SOURCES.  ASSIGNOR HAS NOT
MADE ANY INDEPENDENT INVESTIGATION OR VERIFICATION OF SUCH INFORMATION AND
MAKES NO (AND EXPRESSLY DISCLAIMS ALL) REPRESENTATIONS AS TO THE ACCURACY OR
COMPLETENESS OF SUCH INFORMATION. 
ASSIGNOR SHALL NOT BE LIABLE FOR ANY MISTAKES, OMISSIONS, MISREPRESENTATION
OR ANY FAILURE TO INVESTIGATE THE PROPERTY NOR SHALL ASSIGNOR BE BOUND IN ANY
MANNER BY ANY VERBAL OR WRITTEN STATEMENTS, REPRESENTATIONS, APPRAISALS,
ENVIRONMENTAL ASSESSMENT REPORTS, OR OTHER INFORMATION PERTAINING TO THE
PROPERTY OR THE OPERATION THEREOF (INCLUDING ANY INFORMATION REQUIRED TO BE
DELIVERED UNDER SECTION 3.1.2), FURNISHED BY ASSIGNOR, SELLER, ITS MANAGER, OR
BY ANY REAL ESTATE BROKER, AGENT, REPRESENTATIVE, AFFILIATE, DIRECTOR, OFFICER,
SHAREHOLDER, EMPLOYEE, SERVANT OR OTHER PERSON OR ENTITY ACTING ON BEHALF OF
ASSIGNOR, SELLER OR ITS MANAGER (COLLECTIVELY, “ASSIGNOR RELATED PARTIES”).

4.5.2       RELEASE. 
EFFECTIVE AS OF THE ASSIGNMENT CLOSING, PURCHASER HEREBY RELEASES
ASSIGNOR AND ALL ASSIGNOR RELATED PARTIES FROM ALL CLAIMS WHICH ANY PURCHASER
OR ANY PARTY CLAIMING BY, THROUGH OR UNDER PURCHASER (A “PURCHASER RELATED
PARTY”) HAS OR MAY HAVE AS OF THE ASSIGNMENT CLOSING ARISING FROM OR RELATED TO
ANY MATTER OR THING RELATED TO OR IN CONNECTION WITH SELLER OR THE PROPERTY
INCLUDING ANY INFORMATION RELATING TO THE PROPERTY, ANY INFORMATION DELIVERED
UNDER SECTION 3.1.2, THE PROPERTY LEASES AND THE TENANTS THEREUNDER, ANY
CONSTRUCTION DEFECTS, ERRORS OR OMISSIONS IN THE DESIGN OR CONSTRUCTION AND ANY
ENVIRONMENTAL CONDITIONS, AND PURCHASER SHALL NOT LOOK TO ANY ASSIGNOR RELATED
PARTIES IN CONNECTION WITH THE FOREGOING FOR ANY REDRESS OR RELIEF.  THIS RELEASE SHALL BE GIVEN FULL FORCE AND
EFFECT ACCORDING TO EACH OF ITS EXPRESSED TERMS AND PROVISIONS, INCLUDING THOSE
RELATING TO UNKNOWN AND UNSUSPECTED CLAIMS, DAMAGES AND CAUSES OF ACTION.  THE FOREGOING PROVISIONS OF THIS SECTION
4.5.2 SHALL NOT LIMIT, HOWEVER, THE OBLIGATIONS OF ANY ASSIGNOR RELATED PARTY
UNDER THIS AGREEMENT OR THE DOCUMENTS EXECUTED IN CONNECTION HEREWITH.

4.5.3       SURVIVAL. 
THIS SECTION 4.5 SHALL SURVIVE ANY TERMINATION OF THIS AGREEMENT AND THE
ASSIGNMENT CLOSING.

ARTICLE V-
CONDITIONS

Section 5.1             Conditions to Assignment. 
The obligation of Assignor to assign, and Purchaser to assume, the
Purchase Agreement as contemplated by this Agreement are conditioned on the following
conditions:

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5.1.1        Purchase Agreement.

(1)           That Seller and Assignor shall have
executed and delivered the Purchase Agreement at least three (3) business days
prior to the Assignment Closing Date.

(2)           That each and all the conditions to the
obligation of the “Buyer” to purchase the Property under the Purchase Agreement
shall have been satisfied or waived, in all material respects, with the written
consent (or any deemed consent or approval) of Assignor and Purchaser, on or
before the Assignment Closing Date; provided, however, that Purchaser shall not
have the benefit of the condition under Section 4.8 (“Merger”) under the
Purchase Agreement.

5.1.2        Performance. 
The due performance by the other party hereto in all material respects
of each and every undertaking and agreement to be performed by such other party
hereunder on the Assignment Closing Date (including the delivery of the items
and funds specified in Article VI) and the truth of each representation
and warranty in all material respects made by such other party in this
Agreement at the time as of which the same is made and as of the Assignment
Closing Date as if made on and as of the Assignment Closing Date.  Without limitation on the foregoing, there shall
be no material exceptions noted in the “Assignment Closing Certificate” (as
defined below) delivered by such other party.

Section 5.2             Merger Condition. 
The obligation of Assignor to assign the Purchase Agreement to Purchaser
as provided in this Agreement is conditioned on the closing of the Merger on or
prior to the Assignment Closing Date.

Section 5.3             Waiver of Conditions. 
Any party may at any time or times, at its election, waive any of the
conditions to its obligations hereunder, but any such waiver shall be effective
only if contained in a writing signed by such party (except that if a party
proceeds to the Assignment Closing, notwithstanding the failure of a condition
to its obligation to close, then such condition shall be deemed waived by the
Assignment Closing).  Without limitation
on the foregoing,  the condition in
Section 4.8 of the Purchase Agreement and the condition in
Section 5.2 above may be waived by Assignor only without the consent of
Purchaser and any such waiver of Section 4.8 of the Purchase Agreement
shall be binding on Purchaser. 
Notwithstanding anything to the contrary herein, if neither party has
delivered a notice of the failure of a condition to its obligation to proceed
with the Assignment Closing (or notice of the exercise of any other termination
right under this Agreement) prior to the later to occur of the moment the
Assignment Closing Payment is received by Escrow Agent, or 11:00 a.m.
Eastern Time one (1) business day prior to the Assignment Closing Date,
then each party shall be deemed to have waived all conditions to its obligation
to proceed with the Assignment Closing, and any right to terminate this
Agreement, other than Assignor’s right to terminate under Section 5.2;
provided, however, that if the Purchase Agreement terminates, then this
Agreement shall automatically terminate and the provisions of Section 2.3
shall apply.

ARTICLE VI -
ASSIGNMENT CLOSING

The closing of the transactions herein provided shall be consummated
(the “Assignment Closing”) on the Assignment Closing Date.  Subject to Section 6.4, the “Assignment Closing Date” shall be the Acquisition Closing
Date so that the Assignment Closing occurs simultaneously with the Acquisition
Closing.

 12
 

 

Section 6.1             Delivery to Escrow Agent. 
Assignor and Purchaser shall deliver or cause to be delivered to Escrow
Agent (as specified in the Assignment Closing Procedure Letter) the following
items.

6.1.1        Items to be Delivered by Purchaser.

(1)           Funds.  By not later than 1:00 p.m. (Eastern Time) on
the Assignment Closing Date, the Assignment Closing Payment plus the amounts
required to be delivered under Section 2.4.3.

(2)           Documents.  At least three (3) business days before the
Assignment Closing Date, (a) four (4) original counterparts of an assignment
and assumption of the Purchase Agreement (the “Assignment”) in the form attached as Exhibit F, and (b)
the documents required to be delivered under Section 2.4.3.

6.1.2        Items to be Delivered by Assignor.

(1)           Assignment
and Purchase Agreement.  At least
three (3) business days before the Assignment Closing Date, (a) four (4)
original counterparts of the Assignment, and (b) a true, correct and complete
copy of the Purchase Agreement without the Purchase Price redacted.

6.1.3        Items to be Delivered by Each Party. 
At least three (3) business days before the Assignment Closing Date,
each party shall deliver to the other a certificate (an “Assignment
Closing Certificate”) in the form of Exhibit G, dated as
of the Assignment Closing Date, representing that the representations and
warranties of such party contained in this Agreement are true and correct
without material exception as of the Assignment Closing Date as if made on and
as of the Assignment Closing Date (or, specifying in reasonable detail such
exceptions, if any, which then exist).

Section 6.2             Instructions to Escrow Agent. 
The deliveries to be made under Section 6.1 above shall be made in
accordance with and subject to the letter (the “Assignment
Closing Procedure Letter”) from Assignor and Purchaser to Escrow
Agent in the form of Exhibit H, which Assignor and Purchaser shall
execute and deliver concurrently herewith.

Section 6.3             Costs.  Purchaser
shall pay all closing costs required to be paid by “Buyer” under the Purchase
Agreement.  Any escrow fees will be split
50/50 between Purchaser and Assignor, and each party shall bear any other costs
incurred by it, including its own attorneys’ fees and due diligence costs.

Section 6.4             Property Transfer. 
Notwithstanding anything to the contrary in this Agreement, (A) the
Assignment Closing Date shall not be sooner than the later to occur of:  (1) a date, not later than October 27, 2006,
specified by written notice from Assignor to Purchaser given not later than
five (5) business days prior to the Acquisition Closing Date (and if no such
notice is given by October 20, 2006, the date under this clause (1) shall be
deemed to be October 27, 2006), or (2) Purchaser’s Designated Closing Date, and
(B) if the Assignment Closing Date is later than the Acquisition Closing Date,
then the following provisions shall apply:

 13
 

 

6.4.1        Upon
and subject to the terms and conditions of the Purchase Agreement (as the same
may be modified in accordance with Section 2.4.1 of this Agreement), Assignor
shall close the purchase under the Purchase Agreement directly (and Section
2.4.3 of this Agreement shall no longer apply).

6.4.2        Concurrently
with the assignment of the Purchase Agreement on the Assignment Closing Date,
Assignor shall sell and Purchaser shall buy (in addition to the assignment of
the Purchase Agreement under this Agreement) the interest in the Property
acquired by Assignor under the Purchase Agreement upon and subject to the terms
and conditions of the Purchase Agreement (as the same may be modified in
accordance with Section 2.4.1 of this Agreement), as though the “Closing Date”
under the Purchase Agreement were the Assignment Closing Date, but with no
other dates (including the expiration of the Due Diligence Period) extended
(except in accordance with Section 2.4.1 of this Agreement), and the “Seller”
and the “Buyer” under the Purchase Agreement were the Assignor and the
Purchaser, respectively, mutatis mutandis
except that:

(1)           Assignor shall have no liability for the
representations and warranties of Seller under the Purchase Agreement, or the
covenants of Seller under the Purchase Agreement prior to the Acquisition
Closing, Purchaser’s recourse for the same being limited to its rights to
pursue Seller under the Purchase Agreement;

(2)           Purchaser shall not be permitted to
assign its rights or obligations under the Purchase Agreement except
concurrently with an assignment of this Agreement permitted hereunder to the
same assignee;

(3)           Purchaser shall not be assigned Assignor’s
interest in the Escrow Deposit and, in order to avoid double payment of the
Escrow Deposit by Purchaser to Assignor, the portion of the Assignment and
Deposit Consideration equal to the Escrow Deposit shall be credited against the
Purchase Price under the Purchase Agreement; and

(4)           Without limitation on Assignor’s other
rights and remedies, to the extent Assignor does not receive from escrow (in
time to invest the same day) the amounts due it under this Agreement on the
Assignment Closing Date as a result of Purchaser’s failure to timely deliver
the funds required of it, any amounts to be prorated under the Purchase Agreement
shall be calculated as of the day after the Assignment Closing Date.

6.4.3        The parties acknowledge
that the condition under Section 4.9 (“Waiver of ROFO”) of the Purchase
Agreement is not a one-time condition, and that such condition will also apply
to a transfer of the Property under this Section 6.4.  Accordingly, it shall be a condition to the
transfer of the Property under this Section 6.4 that Assignor and Purchaser
receive evidence reasonably satisfactory to Assignor and Purchaser that Bank of
America, N.A. (“Tenant”) has waived (either
through a writing or by its failure to timely respond) its right of first offer
(i.e., its right to purchase the Property
pursuant to the Office Lease for Bank of America Plaza, Charlotte, North
Carolina, dated December 21, 2005, between Trizec Holdings, LLC and Tenant [the
“BofA Lease”])(the “ROFO”)
with respect to the transfer of the Property contemplated by this Section
6.4.  If such condition has not been
satisfied by the Assignment Closing Date, the Assignment Closing Date shall be
extended until the date that is five business days after the earlier of (a)
Assignor’s

 14
 

 

delivery to
Purchaser of Tenant’s written waiver of the ROFO with respect to the purchase
contemplated by this Agreement, and (b) the date on which the ROFO with respect
to the purchase contemplated by this Agreement is waived by Tenant as a result
of its failure to timely respond under the terms of the BofA Lease; provided
that in no event shall the Assignment Closing Date occur later than November 3,
2006.

6.4.4        Assignor and Purchaser
shall modify the Closing Procedure Letter accordingly.

ARTICLE VII -
MISCELLANEOUS

Section 7.1             Brokers.

7.1.1        Generally.  Except as
provided in subsection 7.1.2 below, Assignor represents and warrants to
Purchaser, and Purchaser represents and warrants to Assignor, that no broker or
finder has been engaged by it (or any of its affiliates), respectively, in
connection with any of the transactions contemplated by this Agreement.  In the event of a claim for broker’s or
finder’s fee or commissions in connection herewith, then Assignor shall
indemnify and defend Purchaser from the same if it shall be based upon any
statement or agreement alleged to have been made by Assignor or its affiliates,
and Purchaser shall indemnify and defend Assignor from the same if it shall be
based upon any statement or agreement alleged to have been made by Purchaser or
its affiliates.

7.1.2        Broker.  Assignor is
obligated to pay (or is obligated to reimburse Seller for payment to) Eastdil Secured
(the “Broker”) a brokerage commission
(payable only if the Acquisition Closing occurs).  Broker is not a third party beneficiary of
this Agreement and shall have no rights by reason of this Agreement.

Section 7.2             Limitation of Liability.

7.2.1        Notwithstanding
anything to the contrary contained herein, if the Assignment Closing shall have
occurred:  (1) Assignor shall have no
liability to Purchaser (and Purchaser shall make no claim against Assignor) for
a breach of any representation or warranty or any other obligation of Assignor,
or for indemnification, under or in connection with this Agreement or the
documents executed by Assignor in connection with this Agreement, unless (a)
the valid claims for all such breaches and indemnifications collectively
aggregate to more than $100,000, and (b) the liability of Assignor under or in
connection with this Agreement and such documents does not exceed, in the
aggregate, an amount (the “Maximum Liability Amount”) equal to 2% of the Assignment
Consideration (it being understood that, notwithstanding anything to the
contrary in this Agreement or any other document, Assignor’s liability under or
in connection with this Agreement and the documents executed by Assignor in
connection herewith shall in no event exceed, in the aggregate, the Maximum
Liability Amount); and (2) in no event shall Assignor be liable for any
consequential or punitive damages.

7.2.2        The
foregoing shall be in addition to, and not in limitation of, any further
limitation of liability that might otherwise apply (whether by reason of
Purchaser’s waiver, relinquishment or release of any applicable rights or
otherwise).

 15
 

 

Section 7.3             Matters of Construction.

7.3.1        Entire Agreement. 
This Agreement, together with the Confidentiality Agreement and that certain
agreement captioned “Access Agreement”, dated September 1, 2006 between Seller
and Purchaser (the “Access Agreement”)
pertaining to, among other things, Purchaser’s access to the Property, contain
the entire agreement between the parties respecting the matters herein set
forth and supersedes all prior agreements between the parties hereto respecting
such matters.

7.3.2        Captions.  Article,
Section and Exhibit headings shall not be used in construing this Agreement.

7.3.3        Governing Law. 
This Agreement shall be construed and enforced in accordance with the
laws of the State in which the Property is located (without regard to conflicts
of law).

7.3.4        Incorporation of Exhibits. 
All exhibits attached and referred to in this Agreement are hereby
incorporated herein as fully set forth in this Agreement.

7.3.5        Non-Business Days. 
Whenever action must be taken (including the giving of notice or the
delivery of documents) under this Agreement during a certain period of time or
by a particular date that ends or occurs on a non-business day (i.e.,
Saturday, Sunday or a holiday recognized by the U.S. federal government or the
State of New York or the state in which the Property is located) then such
period or date shall be extended until the immediately following business day.

7.3.6        Severability. 
If any term or provision of this Agreement or the application thereof to
any person or circumstance shall, to any extent, be invalid or unenforceable,
the remainder of this Agreement, or the application of such term or provision
to persons or circumstances other than those as to which it is held invalid or
unenforceable, shall not be affected thereby, and each such term and provision
of this Agreement shall be valid and be enforced to the fullest extent
permitted by law.

7.3.7        No Third Party Beneficiaries. 
Except as otherwise expressly provided herein, nothing in this
Agreement, express or implied, is intended to confer any rights or remedies
upon any person (including Seller), other than the parties hereto and, subject
to the restrictions on assignment herein contained, their respective successors
and assigns.

7.3.8        Certain Terminology.

(1)           Whenever
the words “including”, “include” or “includes” are used in this Agreement, they
should be interpreted in a non-exclusive manner as though the words “, without
limitation,” immediately followed the same.

(2)           Except
as otherwise indicated, all Article, Section and Exhibit references in this
Agreement shall be deemed to refer to the Sections and Articles in, and the
Exhibits to, this Agreement.

 16
 

 

(3)           As
used herein:  “commercially reasonable
efforts” shall not include any obligation to institute legal proceedings, incur
any material cost or liability or to expend any monies; and “good faith” means “honesty
in fact” as such phrase is used in the Uniform Commercial Code, as adopted in
the State in which the Property is located, as of the date of this Agreement.

Section 7.4             Legal Costs. 
In the event any action be instituted by a party to enforce this
Agreement, the prevailing party in such action 
(as determined by the court, agency or other authority before which such
suit or proceeding is commenced), shall be entitled to such reasonable
attorneys’ fees, costs and expenses as may be fixed by the decision maker.  The foregoing includes reasonable attorneys’
fees, expenses and costs of investigation incurred in (1) appellate
proceedings; (2) in any post-judgment proceedings to collect or enforce the
judgment; (3) establishing the right to indemnification; and (4) any
action or participation in, or in connection with, any case or proceeding under
Chapter 7, 11 or 13 of the Bankruptcy Code (11 United States Code
Sections 101 et  seq.), or any successor statutes.  This provision is separate and several and
shall survive the termination of this Agreement.

Section 7.5             Successors and Assigns. 
Except for an assignment to an Affiliate of Purchaser (including, without limitation, Behringer
Harvard REIT I, Inc., a Maryland corporation, or any entity directly or
indirectly owned by Behringer Harvard REIT I, Inc., a Maryland corporation) approved by Seller (if Seller’s approval to an assignment of the
Purchase Agreement to such assignee is required under the Purchase Agreement),
Purchaser may not assign or transfer any of its rights or obligations under this
Agreement without the prior written consent of Assignor.  In the case of any transfer of this Agreement
permitted hereunder, the transferee shall (before, and as a condition to, such
transfer) assume in writing all of the transferor’s obligations hereunder
pursuant to an assignment in form reasonably satisfactory to Seller and
Assignor, but such transferor shall not be released from its obligations
hereunder.  No consent given to any such
transfer or assignment shall be construed as a consent to any other transfer or
assignment.  No transfer or assignment in
violation of the provisions hereof shall be valid or enforceable.  Subject to the foregoing, this Agreement and
the terms and provisions hereof shall inure to the benefit of and be binding
upon the successors and assigns of the parties.

Section 7.6             Notices.  Any notice
which a party is required or may desire to give the other party shall be in
writing and may be delivered (1) personally, (2) by United States
registered or certified mail, postage prepaid, (3) by Federal Express or
other reputable courier service regularly providing evidence of delivery (with
charges paid by the party sending the notice), or (4) by facsimile,
provided that such telecopy shall be immediately followed by delivery of such notice
pursuant to clause (1), (2) or (3) above. 
Any such notice to a party shall be addressed at the respective address
set forth below (subject to the right of a party to designate a different
address for itself by notice similarly given):

 17
 

 

 

	
   

  	
  TO
  ASSIGNOR:

  
	
   

  	
   

  
	
   

  	
  c/o Blackstone Real Estate Advisors

  
	
   

  	
  345 Park Avenue

  
	
   

  	
  New York, New York 10154

  
	
   

  	
  Attention:

  	
   

  	
  Mr. Gary M. Sumers

  
	
   

  	
  Telecopier:

  	
   

  	
  (212) 583-5726

  
	
   

  	
  Telephone:

  	
   

  	
  (212) 583-5813

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  With Copy To:

  
	
   

  	
   

  
	
   

  	
  Pircher, Nichols & Meeks

  
	
   

  	
  1925 Century Park East, Suite 1700

  
	
   

  	
  Los Angeles, California 90067

  
	
   

  	
  Attention:

  	
   

  	
  Real Estate Notices: JLB/SAC

  
	
   

  	
  Telecopier:

  	
   

  	
  (310) 201-8922

  
	
   

  	
  Telephone:

  	
   

  	
  (310) 201-8900

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  TO PURCHASER:

  
	
   

  	
   

  
	
   

  	
  Harvard Property Trust, LLC

  
	
   

  	
  15601 Dallas Parkway, Suite 600

  
	
   

  	
  Addison, Texas 75001

  
	
   

  	
  Attention:

  	
   

  	
  Mr. Jon Dooley

  
	
   

  	
  Telecopier:

  	
   

  	
  (214) 655-1610

  
	
   

  	
  Telephone:

  	
   

  	
  (214) 655-1600

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  With Copy To:

  
	
   

  	
   

  
	
   

  	
  Powell & Coleman, L.L.P.

  
	
   

  	
  8080 N. Central Expressway, Suite 1380

  
	
   

  	
  Dallas, Texas 75206

  
	
   

  	
  Attention: 

  	
   

  	
  Patrick Arnold

  
	
   

  	
  Telecopier: 

  	
   

  	
  (214) 373-8768

  
	
   

  	
  Telephone: 

  	
   

  	
  (214) 890-7108

  

Service of any such notice or other communications so
made shall be deemed effective on the day of actual delivery (whether accepted
or refused) as evidenced by confirmed answerback if by facsimile (provided that
if any notice or other communication to be delivered by facsimile cannot be
transmitted because of a problem affecting the receiving party’s facsimile
machine, the deadline for receiving such notice or other communication shall be
extended through the next business day), as shown by the addressee’s return
receipt if by certified mail, and as confirmed by the courier service if by
courier; provided, however, that if such actual delivery occurs after
5:00 p.m. (local time where received) or on a non-business day, then such
notice or demand so made shall be deemed effective on the first business day
after the day of actual delivery.  Except
as provided in Section 3.3, no communications via electronic mail shall be
effective to give any notice, request, direction, demand, consent, waiver,
approval or other communications hereunder.

 18
 

 

Section 7.7             Press Releases. 
Any press release issued with respect to the transactions contemplated
by this Agreement shall be subject to the prior approval of Purchaser and
Assignor.  Notwithstanding the foregoing, however, Assignor and Purchaser agree that
either party shall be permitted to issue a press release after the Assignment
Closing announcing the sale and acquisition of the Property without prior
written approval of the other party, so long as the other party (or any of its
Affiliates) is not identified in such release and the release does not disclose
the economic terms of this Agreement or the Purchase Agreement.

Section 7.8             Anti-Money Laundering and Anti-Terrorism. 
Each of Assignor and Purchaser hereby represents and warrants to the
other as follows:

7.8.1        Neither
it nor, to its knowledge, its affiliates, is in violation of any laws relating
to terrorism, money laundering or the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Action
of 2001, Public Law 107-56 and Executive Order No. 13224 (Blocking Property and
Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support
Terrorism) (the “Executive Order”) (collectively,
the “Anti-Money Laundering and Anti-Terrorism Laws”).

7.8.2        Neither
it nor, to its knowledge, its affiliates, is acting, directly or indirectly, on
behalf of terrorists, terrorist organizations or narcotics traffickers,
including those persons or entities that appear on the Annex to the Executive
Order, or are included on any relevant lists maintained by the Office of
Foreign Assets Control of U.S. Department of Treasury, U.S. Department of
State, or other U.S. government agencies, all as may be amended from time to
time.

7.8.3        Neither
it nor, to its knowledge, its affiliates or, without inquiry, any of its
brokers or other agents, in any capacity in connection with the purchase of the
Property (A) conducts any business or engages in making or receiving any
contribution of funds, goods or services to or for the benefit of any person
included in the lists set forth in the preceding paragraph, (B) deals in,
or otherwise engages in any transaction relating to, any property or interests
in property blocked pursuant to the Executive Order, or (C) engages in or
conspires to engage in any transaction that evades or avoids, or has the
purpose of evading or avoiding, or attempts to violate, any of the prohibitions
set forth in any Anti-Money Laundering and Anti-Terrorism Laws.

7.8.4        It
understands and acknowledges that the other may become subject to further
anti-money laundering regulations, and agrees to execute instruments, provide
information, or perform any other acts as may reasonably be requested by the
other, for the purpose of: 
(A) carrying out due diligence as may be required by applicable law
to establish its identity and source of funds; (B) maintaining records of
such identities and sources of funds, or verifications or certifications as to
the same; and (C) taking any other actions as may be required to comply
with and remain in compliance with anti-money laundering regulations applicable
to the other.

7.8.5        Neither
it, nor any person controlling or controlled by it, is a country, territory,
individual or entity named on a Government List, and the monies used in
connection with this Agreement and amounts committed with respect thereto, were
not and are not derived from any activities that contravene any applicable
anti-money laundering or anti-bribery laws and regulations (including funds
being derived from any person, entity, country or territory on a Government
List or engaged in any unlawful activity defined under Title 18 of the United
States Code,

 19
 

 

Section 1956(c)(7)).  “Government List”
means any of (i) the two lists maintained by the United States Department of
Commerce (Denied Persons and Entities), (ii) the list maintained by the United
States Department of Treasury (Specially Designated Nationals and Blocked
Persons), and (iii) the two lists maintained by the United States Department of
State (Terrorist Organizations and Debarred Parties).

Section 7.9             Time of the Essence. 
Subject to Section 7.3.5, time is of the essence of this Agreement.  Without limitation on the foregoing,
Purchaser acknowledges that the transaction contemplated in this Agreement may
close on the same day as the Merger and that the timely delivery of the funds
and documents pursuant to Section 6.1 is critical for Assignor so that affiliates
of Assignor can satisfy their obligations in connection with the Merger
Agreement and so that Assignor can, if necessary, close the transaction
contemplated in the Purchase Agreement.

Section 7.10           Further Instruments. 
Each party will, whenever and as often as it shall be requested so to do
by the other, cause to be executed, acknowledged or delivered any and all such
further instruments and documents as may be necessary or proper, in the
reasonable opinion of the requesting party, in order to carry out the intent
and purpose of this Agreement (provided the same do not increase in any
material respect the costs to, or liability or obligations of, a party hereto
in a manner not otherwise provided for herein).

Section 7.11           Counterparts. 
This Agreement may be executed in any number of counterparts, provided
each of the parties executes at least one counterpart; each such counterpart
hereof shall be deemed to be an original instrument, but all such counterparts
together shall constitute but one agreement.

Section 7.12           Transmittal. 
Signatures to this Agreement transmitted by telecopy or e-mail of a .pdf
file shall be valid and effective to bind the party so signing.  Each party agrees to promptly deliver an
executed original to this Agreement with its actual signature to the other
party, but a failure to do so shall not affect the enforceability of this
Agreement, it being expressly agreed that each party to this Agreement shall be
bound by its own telecopied or e-mailed signature and shall accept the telecopied
or e-mailed signature of the other party to this Agreement.

[Remainder of page intentionally blank]

 20
 

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year first above written.

	
   

  	
  PURCHASER:

  
	
   

  	
   

  
	
   

  	
  HARVARD PROPERTY TRUST, LLC, a Delaware

  limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gerald J.
  Reihsen, III

  
	
   

  	
  Name:

  	
  Gerald J.
  Reihsen, III

  
	
   

  	
  Title:

  	
  EVP – Corporate
  Development & Legal

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ASSIGNOR:

  
	
   

  	
   

  
	
   

  	
  BRE/TZ ACQUISITIONS L.L.C.,

  
	
   

  	
  a Delaware limited liability company

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Anthony
  Myers

  
	
   

  	
  Name:

  	
  Anthony Myers

  
	
   

  	
  Title:

  	
  Managing
  Director and Vice President

  

 

 21EXHIBIT 10.164

ASSIGNMENT OF ASSIGNMENT AGREEMENT

This Assignment of
Assignment Agreement (this “Assignment”) is made to be effective as of
September 20, 2006, by HARVARD
PROPERTY TRUST, LLC, a Delaware limited liability company (“Assignor”),
and BEHRINGER HARVARD OPERATING
PARTNERSHIP I LP, a Texas limited partnership (“Assignee”).

BACKGROUND

A.            Assignor, as Purchaser, has entered into that certain
Assignment Agreement dated as of September 11, 2006 (the “Agreement”),
with BRE/TZ Acquisitions L.L.C., a Delaware limited liability company, as
Assignor, in respect of an agreement to purchase an office building located at
101 S. Tryon Street in the City of Charlotte, County of Mecklenburg, State of
North Carolina, as more particularly described in the Agreement.

B.            Assignor desires to assign all of its interest in the
Agreement to Assignee and Assignee desires to accept the assignment.

AGREEMENT

For good and valuable
consideration, receipt of which is acknowledged, Assignor assigns to Assignee
all of Assignor’s interest in the Agreement. 
Assignee accepts the assignment and assumes and shall perform all of
Assignor’s duties as Purchaser under the Agreement.

[This space intentionally
left blank]

 

EXECUTED to be effective
as of the day and year first above written.

	
  

  	
  ASSIGNOR:

  
	
   

  	
   

  
	
   

  	
  HARVARD PROPERTY TRUST,
  LLC,

  
	
   

  	
  a Delaware limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gerald J.
  Reihsen, III

  	
   

  
	
   

  	
  Name:

  	
  Gerald J.
  Reihsen, III

  
	
   

  	
  Title:

  	
  Executive Vice
  President – Corporate

  Development
  & Legal

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ASSIGNEE:

  
	
   

  	
   

  
	
   

  	
  BEHRINGER HARVARD
  OPERATING

  
	
   

  	
  PARTNERSHIP I LP, a
  Texas limited

  
	
   

  	
  partnership

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Behringer Harvard REIT I, Inc.

  Its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Gerald J.
  Reihsen, III

  	
   

  
	
   

  	
   

  	
  Gerald J.
  Reihsen, III

  
	
   

  	
   

  	
  Executive Vice President – 

  Corporate Development & Legal

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