Document:

Omnibus Assignment (related to the acquisition of the Sandmar Mezzanine Loan)

 Exhibit 10.58 
 OMNIBUS ASSIGNMENT 
 THIS OMNIBUS ASSIGNMENT (this
“Assignment”), made as of the 9th day of January 2007, by AIG MORTGAGE CAPITAL, LLC, a Delaware limited liability company, having an address at 1999 Avenue of the Stars, 38th
Floor, Century City, Los Angeles, California 90067 (“Assignor”) to KBS SE RETAIL, LLC, a Delaware limited liability company, having an address of 620 Newport Center Drive, Suite 1300, Newport Beach, California 92660
(“Assignee”); 
 KNOW ALL MEN BY THESE PRESENTS, that in consideration of the sum of TEN DOLLARS ($10.00) lawful money of the United States
and other good and valuable consideration, to it in hand paid at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, Assignor has granted, bargained, sold, assigned, transferred and set over without
recourse, and by these presents does grant, bargain, sell, assign, transfer and set over unto Assignee, the loan described on Exhibit A attached hereto (“Mezzanine Loan”), together with the loan documents described on Exhibit B
attached hereto (“Mezzanine Loan Documents”) which were executed in connection with the Mezzanine Loan, and all of Assignor’s right, title and interest in, to and under the Mezzanine Loan Documents, and all of Assignor’s
right, title and interest in, to and under the instruments, documents, certificates, letters, records and papers relating to the Mezzanine Loan Documents and all other documents executed and/or delivered in connection with the Mezzanine Loan
evidenced and/or secured by the Mezzanine Loan Documents, including, without limitation, all of Assignor’s right, title and interest in any claims, collateral, certificates of deposit, letters of credit, demands, cause of action, all related
UCC insurance policies, insurance policies and certificates, bank accounts, operating accounts, reserve accounts, escrow accounts and other accounts, permits, licenses, opinions, environmental reports, financial statements of Borrower, financial
statements of any guarantors and any other collateral arising out of and/or executed and/or delivered in or to or with respect to the Mezzanine Loan Documents, all rights and benefits of Assignor related to the Mezzanine Loan Documents and such
other instruments, documents, certificates, letters, records and papers, including without limitation, rights to condemnation awards and insurance proceeds, and all claims and choses in action related to the Mezzanine Loan Documents and such
instruments, documents, certificates, letters, records and papers, and all of Assignor’s rights, title and interests in, to and under such claims and choses in action (collectively, the “Additional Collateral”). All documents,
instruments and papers executed and/or delivered in connection with the Mezzanine Loan including, without limitation, the Mezzanine Loan Documents are hereafter collectively referred to as the “Mezzanine Loan Files.” Capitalized
terms used herein not defined herein shall have the respective meanings set forth in the Mezzanine Loan Documents. 
 In consideration of Assignee’s
purchase of the Mezzanine Loan and Assignee’s executing all documents in connection with such purchase, and for good and valuable consideration (including without limitation, the payment by Assignee to Assignor of a purchase price of
$8,000,000.00, Assignor represents and warrants that: 
 (a) Exhibit B represents a complete list of all loan documents delivered by
Borrower in connection with the Mezzanine Loan Agreement (as defined in Exhibit B) 

 (b) true counterpart originals of the Mezzanine Loan Documents and the Mezzanine Loan Files have been
delivered by Assignor to Assignee (except where true and correct copies have been delivered as noted on Exhibit B) and true and correct copies of the Senior Loan Documents have been delivered by Assignor to Assignee and are listed in Exhibit
B-1 attached hereto; 
 (c) Assignor is the sole owner of the Mezzanine Loan Documents and the related rights described above and that
the Mezzanine Loan Documents and the Mezzanine Loan Files and the related rights described above are not, and have not been, pledged, nor assigned, nor has any participation interest been granted, to another party and are not otherwise encumbered as
of the execution and delivery of this Assignment; 
 (d) $8,000,000.00 of the Mezzanine Loan has been disbursed and constitutes the
outstanding principal balance of the Mezzanine Loan as of December 21, 2006; 
 (e) interest payable under the Mezzanine Loan Documents
has been paid through January 31, 2006; 
 (f) the Mezzanine Loan Documents have not been further amended, modified, supplemented or
restated; 
 (g) to Assignor’s actual knowledge, there currently exists no monetary default and no non monetary default, or event which
given the passage of time or giving of notice would constitute a default, under any of the Mezzanine Loan Documents; 
 (h) Assignor is duly
organized and is validly existing under the laws of Delaware with full power to execute and deliver this Assignment and that all actions necessary to authorize the execution, delivery, and performance of this Assignment on behalf of Assignor have
been duly taken, and all such actions continue in full force and effect as of the date hereof; 
 (i) the execution, delivery and performance
of this Assignment by Assignor does not conflict with the organizational documents of Assignor, with any law, statute or regulation applicable to Assignor, or with any contract or agreement to which Assignor is a party; 
 (j) no consent or approval from any party (including any authorization or order of, or registration or filing with, or notice to, any court or
governmental agency or body having jurisdiction or regulatory authority over Assignor) is required for (i) Assignor’s execution and delivery of this Assignment, (ii) Assignor’s transfer and assignment of the Mezzanine Loan, or
(iii) the consummation by Assignor of the transactions contemplated by this Assignment or, to the extent so required, such consent, approval, authorization, order, registration, filing or notice has been obtained, made or given (as applicable);

 (k) there have been no waivers of any provisions of the Mezzanine Loan Documents, no portion of the collateral securing the Mezzanine Loan
(including any Additional Collateral) has been released or subordinated, and no party has been released from its obligations under the Mezzanine Loan Documents; 

 (l) Assignor has not dealt with any person, firm or corporation who is or may be entitled to any finders
fee, brokerage commission, loan commission or other sum in connection with the execution of this Agreement or the consummation of the transactions contemplated hereby; 
 (m) to Assignor’s actual knowledge, except as disclosed in Exhibit E attached hereto there are no actions, suits or proceedings pending or, to Assignor’s actual knowledge, threatened, against or affecting
Borrower, Owner or the Properties (as such terms are defined in the Mezzanine Loan Agreement), the validity or enforceability of the Mezzanine Loan Documents, the priority of the liens thereof at law, in equity or before or by any governmental
authorities; 
 (n) other than as expressly set forth in the Mezzanine Loan Documents, the Mezzanine Loan Documents are not
cross-collateralized or cross-defaulted with any other loan from Assignor or any affiliates of Assignor; 
 (o) Assignor has not granted its
consent (to the extent required under the Mezzanine Loan Documents) to (a) any transfer of the collateral securing the Mezzanine Loan, or any direct or indirect ownership interest in the Borrower, or (b) Borrower incurring any financing
subordinate to the Mezzanine Loan, in each case, other than as permitted under the Mezzanine Loan Documents without any additional consent from Assignor; 
 (p) except as set forth in any environmental reports delivered to Assignor in connection with the origination of the Mezzanine Loan (copies of which have been delivered to Assignee), and to the best of Assignor’s
knowledge, Assignor has not received written notice of any material and adverse environmental condition affecting the Property; 
 (q)
Assignor has not made a claim under the UCC policy insuring the liens of the collateral securing the Mezzanine Loan; 
 (r) Assignor has not
received notice of a casualty or condemnation in connection with the Property; and 
 (s) attached hereto as Exhibit C and made a part
hereof is a true, correct and complete copy of that certain Intercreditor Agreement dated December 21, 2006, entered into by and among Assignor and AIG Mortgage Capital, LLC as Senior Lender of the Senior Loan (as such terms are defined in the
Mezzanine Loan Agreement); 
 (t) To Assignor’s actual knowledge, Assignor has not received any notice that would indicate that the
pledge of ownership interests securing the Mezzanine Loan does not relate to direct or indirect equity or ownership interest in the underlying real property owner (so that, except for the equity interest pledged to Assignor, and the equity interest
pledged in favor of Mezzanine Lender under the Mezzanine Loan (as such terms are defined in the Mezzanine Loan Agreement), there are no direct or indirect equity or ownership interest in underlying real property owner or in any constituent entity)
and has not been perfected in favor of Assignor as mezzanine lender. 

 (u) To Assignor’s actual knowledge, Assignor has not received any notice that the representations
and warranties of Borrower contained in the Mezzanine Loan Document are not true and correct in all material respects. 
 (v) Assignor has
not advanced funds on account of any default under the Mezzanine Loan Documents. 
 (w) To Assignors actual knowledge, Assignor has not
received any notice that the servicing and collection practices used by or on behalf of Assignor and/or its agents have not been in all material respects legal, proper and prudent and have met customary industry standards for servicing of commercial
loans for conduit programs. 
 (x) Assignor shall take such other reasonable actions, and furnish such other documents or instruments as may
be reasonably requested by Assignee in order to effectuate the purposes of this Assignment and the transfer of the Mezzanine Loan, the Mezzanine Loan Documents, the Mezzanine Loan Files, and the Additional Collateral to Assignee, and if Assignor
shall fail to deliver to Assignee any Mezzanine Loan Documents or the Mezzanine Loan Files, or any Additional Collateral or true and correct copies of the Senior Loan Documents and the Mezzanine Loan Documents on or prior to the date of this
Assignment, Assignor shall promptly after receipt of written request from Assignee deliver to Assignee any original Mezzanine Loan Documents and Mezzanine Loan Files, or items of Additional Collateral or true and correct copies of the Senior Loan
Documents and the Mezzanine Loan Documents in the possession of Assignor. Assignor hereby agrees to indemnify Assignee for any loss, damage, cost, expense, liability or claim directly incurred by Assignee (including reasonable attorneys’ fees)
arising out of any breach by Assignor of its representations, warranties and covenants set forth herein and/or as a result of Assignor’s acts or omissions under the Mezzanine Loan prior to the Effective Date. 
 Assignor hereby authorizes Assignee to file any necessary UCC-3 termination statements in connection with the assignment of the Mezzanine Loan.

 TO HAVE AND TO HOLD unto Assignee, its successors, transferees, representatives and assigns forever, in full ownership from this date,
Assignor subrogating Assignee in and to all the rights, liens, privileges, remedies and advantages resulting from the Mezzanine Loan Documents, the Mezzanine Loan Files and the Additional Collateral, said rights, privileges, liens, remedies and
advantages to be enjoyed and exercised by Assignee in the same manner, to all intents and purposes, and to the same effect as Assignor might itself have enjoyed and exercised them. 
 All of the representations, warranties and covenants of Assignor set forth above, and Assignor’s indemnity obligations set forth above, shall
survive the execution and delivery of this Assignment. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, Assignor has caused these presents to be duly executed as of the day and year first
above written. 
  

			
	 ASSIGNOR:

	
	 AIG MORTGAGE CAPITAL, LLC,
 a Delaware limited liability company

		
	 By:
	 	 /s/ Authorized Signatory

	 Name:
	 	
	 Title:
	 	

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

									
	 ASSIGNEE:

	
	 KBS SE RETAIL, LLC
 a Delaware limited liability company

		
	 By:
	 	 KBS REIT ACQUISITION VIII, 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 OfficerAssignment and Assumption Agreement

 Exhibit 10.59 
 ASSIGNMENT AND ASSUMPTION AGREEMENT 
 THIS ASSIGNMENT AND ASSUMPTION AGREEMENT
(“Agreement”) is made as of the 9th day of January, 2007, between AIG MORTGAGE CAPITAL, LLC, a Delaware limited liability company, having an address at 1999 Avenue of the Stars, 38th Floor, Century City, Los Angeles,
California 90067 (“Selling Lender”), and KBS SE RETAIL, LLC, a Delaware limited liability company, having an address 620 Newport Center Drive, Suite 1300, Newport Beach, California, 92660 (“Purchasing
Lender”). 
 RECITALS: 
 WHEREAS, pursuant to a certain Loan Agreement, dated as of December 21, 2006, AIG MORTGAGE CAPITAL, LLC, a Delaware limited liability company, as senior mortgage lender (“Senior Lender”) has made a loan in the
principal amount of up to $49,600,000 (“Senior Loan”) TO WESTMARKET ASSOCIATES 2006 LLC, LITTLE RIVER ASSOCIATES 2006 LLC, CLINTON ASSOCIATES 2006 LLC, NEWMARKET ASSOCIATES 2006 LLC, APOPKA ASSOCIATES 2006 LLC, AND WESTGATE
ASSOCIATES 2006 LLC, each a Delaware limited liability company (“Senior Borrower”); 
 WHEREAS, pursuant to a certain
Mezzanine Loan Agreement, dated as of DECEMBER 21, 2006, Senior Lender has also made a mezzanine loan in the principal amount of $8,000,000.00 (“Mezzanine Loan”) as mezzanine lender (additionally referred to herein as
“Mezzanine Lender”) to WESTMARKET ASSOCIATES 2006 MB LLC, LITTLE RIVER ASSOCIATES 2006 MB LLC, CLINTON ASSOCIATES 2006 MB LLC, NEWMARKET ASSOCIATES 2006 MB LLC, APOPKA ASSOCIATES 2006 MB LLC, and
WESTGATE ASSOCIATES 2006 MB LLC, each a delaware limited liability company (collectively, the “Mezzanine Borrower”); 
 WHEREAS, Lender and Mezzanine Lender, entered into that certain Intercreditor Agreement, dated as of December 21, 2006 (the “Intercreditor Agreement”); 
 WHEREAS, pursuant to that certain Omnibus Assignment, dated as of the date hereof (the “Assignment”), Mezzanine Lender has assigned all
its right, title and interest in and to the Mezzanine Loan and the Mezzanine Loan Documents to Purchasing Lender and this Agreement shall serve as notice to Senior Lender of such assignment; and 
 WHEREAS, Purchasing Lender is willing to accept the Assignment, and in connection with the transactions contemplated thereby, assume the obligations of
Selling Lender under the Intercreditor Agreement, in accordance with the terms hereof. 
 NOW, THEREFORE, in consideration of the covenants,
agreements, representations and/or warranties of Selling Lender and Purchasing Lender set forth herein and in the Assignment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each of Selling
Lender and Purchasing Lender, Selling Lender and Purchasing Lender do hereby agree as follows: 
 1. Defined terms are indicated herein by
initial capital letters. Initially capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Intercreditor Agreement. 

 2. Selling Lender (but only in its capacity as the owner of the Mezzanine Loan) hereby assigns all of its
right, title and interest in and to the Intercreditor Agreement to Purchasing Lender. 
 3. In addition, Purchasing Lender hereby remakes,
for the benefit of each of Senior Lender each of the representations and warranties set forth in Section 3 of the Intercreditor Agreement to the same extent and with the same force as if fully set forth herein as required pursuant to
Section 3 thereof. Future assignments of the Mezzanine Loan shall be in accordance with, and subject to, the terms of the Intercreditor Agreement. 
 4. To Purchasing Lender’s knowledge, Purchasing Lender hereby represents and warrants to each of Senior Lender, Exhibit A attached hereto and made a part hereof is a true, correct and complete listing of all of
the loan documents related to the Mezzanine Loan (the “Mezzanine Loan Documents” including all amendments, modifications, replacements, restatements and supplements thereof) as of the date hereof. To Purchasing Lender’s
knowledge, there currently exists no default or event which, with the giving of notice or the lapse of time, or both, would constitute a default under the Mezzanine Loan Documents. 
 5. Purchasing Lender hereby accepts the foregoing assignment of the Intercreditor Agreement and the other Mezzanine Loan Documents and hereby assumes and
agrees to fulfill, perform and discharge, from and after the date hereof, all of the commitments, obligations and liabilities of Selling Lender under the Intercreditor Agreement and the Mezzanine Loan Documents accruing from and after the date
hereof, to the same effect as if Purchasing Lender had been the Selling Lender under the Intercreditor Agreement. 
 6. This Agreement shall
serve as notice to Senior Lender of the purchase of the Mezzanine Loan by Purchasing Lender and the assignment and assumption of all rights and obligations of Selling Lender under the Mezzanine Loan Documents by Purchasing Lender. 
 7. Except as expressly set forth herein and in the Assignment, the assignments contemplated herein are made without representation or warranty, express
or implied and without recourse to the Selling Lender in any manner whatsoever. 
 8. This Agreement shall be binding upon, and shall inure
to the benefit of, the parties hereto and their respective successors and assigns. 
 9. This Agreement may be executed in counterparts, each
of which shall be deemed an original and all of which, together, shall be deemed one agreement. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK] 

 IN WITNESS WHEREOF, each of the undersigned has caused this Agreement to by duly executed as of the day
and year first above written. 
  

					
	SELLING LENDER:
	
	 AIG MORTGAGE CAPITAL, LLC,
 a Delaware
limited liability company

			
	By:	 	 /s/ Authorized Signatory
	 	
	Name:	 		 	
	Title:	 		 	

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

									
	PURCHASING LENDER:
	
	 KBS SE RETAIL, LLC
 a
Delaware limited liability company

		
	By:	 	 KBS REIT ACQUISITION VIII, 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

 EXHIBIT A 
 (Mezzanine Loan Documents) 
 All documents dated as of December 21, 2006, unless otherwise indicated. 

1. Mezzanine Loan Agreement, by and between Borrower and Mezzanine Lender; 
 2. Promissory Note, in the principal sum of $8,000,000, made by Borrower in favor of Mezzanine Lender; 
 3. Six (6) Pledge and Security Agreements, made by each Borrower in favor of Mezzanine Lender; 
 4. Environmental Indemnity, made by Borrower, Stephen J. Garchik, Ronald D. Strawn, in favor of Mezzanine Lender; 
 5. Guaranty Agreement, made by Stephen J. Garchik, Ronald D. Strawn, in favor of Mezzanine Lender; 
 6. Six (6) UCC-1 Financing Statements filed with the Delaware Secretary of State naming each Borrower as Debtor and Mezzanine Lender as Secured
Party; 
 7. Six (6) Certificates Concerning Leases and Financial Condition given by each Owner (as defined in the Loan Agreement) in
favor of Mezzanine Lender and Purchasing Lender; 
 8. Six (6) Certificates Concerning Governing Documents given by each Borrower in
favor of Mezzanine Lender and Purchasing Lender; 
 9. Six (6) Irrevocable Proxy Agreements between each Borrower, its respective Owner
and Mezzanine Lender; 
 10. Six (6) Instructions to Register Pledge given by each Borrower and acknowledged by Mezzanine Lender;

 11. Six (6) Confirmation Statements and Instruction Agreements between each Borrower, its respective Owner and Mezzanine Lender;

 12. Assignment of Management Agreement and Subordination of Management Fees, made by each Owner (as defined in the Loan Agreement) in
favor of Mezzanine Lender; 
 13. Mezzanine Deposit Account Agreement amongst Wells Fargo Bank, N.A., Mezzanine Lender and Purchasing Lender;

 14. Intercreditor Agreement by and between Mezzanine Lender and Senior Lender; 
 15. Opinion Letter of Connolly Bove Lodge & Hutz LLP; 
 16. Opinion Letter of Connolly Bove Lodge & Hutz LLP 
 17. Opinion Letter of Wilmer Cutler
Pickering Hale and Dorr LLP; 
 18. Opinion Letter of Ellenoff Grossman & Schole LLP; 
 19. Opinion Letter of Hiersche, Hayward, Drakeley & Urbach, P.C. 
 20. Eagle 9 UCC Loan Policy No. UCC060402 Pro Forma issued by Commonwealth Land Title Insurance Company. (copy); 
 21. Omnibus Assignment, between Mezzanine Lender as Assignor, and Purchasing Lender as Assignee; 
 22. Assignment and Assumption
Agreement, between Mezzanine Lender as Assignor, and Purchasing Lender as Assignee; 
 23. Allonge to Promissory Note, made by Mezzanine
Lender in favor of Purchasing Lender; 
 24. Notice to Borrower by Mezzanine Lender and acknowledged by Purchasing Lender; 
 25. Notice to Owner (as defined in the Loan Agreement) by Mezzanine Lender and acknowledged by Purchasing Lender; 
 26. Notice to Guarantors (as defined in the Loan Agreement) by Mezzanine Lender and acknowledged by Purchasing Lender; and 
 27. Six (6) UCC-3 Amendments to be filed with the Delaware Secretary of State naming Purchasing Lender as Secured Party;

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]