ASSIGNMENT OF ESCROW AGREEMENT
ESCROW AGREEMENT, dated as of April 10, 2017 (this
and among Branch Banking and
Trust Company, a North Carolina corporation
Agent”), Orchard Securities,
LLC, a Utah limited liability company (“Assignor”), SANDLAPPER Securities, LLC, a South
Carolina limited liability company (“Assignee”) and HC Government Realty
Trust, Inc., a Maryland corporation (the “Company,” and, together with the
Escrow Agent, Assignee and Assignor, the “Parties” and each a
Capitalized terms used, but not otherwise defined, herein have the
meanings ascribed to such terms in the Escrow Agreement (as
On November 16,
2016, the Escrow Agent, the Assignor and the Company entered into
an Escrow Agreement (the “Escrow Agreement”).
desires to assign its rights and obligations under the Escrow
Agreement to the Assignee (the “Assignment”) and the Assignee
desires to assume such rights and obligations.
The Escrow Agent
and the Company desire that the Assignor and the Assignee
effectuate the Assignment and consents to the
THEREFORE, the parties hereto, intending to be legally bound and in
consideration of the mutual agreements and covenants contained
herein and in the Escrow Agreement, hereby agree as
and Assumption. Assignor hereby assigns to Assignee,
Assignor’s right, title and interest in, to and under the
Escrow Agreement along with all of its obligations under the Escrow
Agreement. Assignee hereby accepts the assignment of such rights,
title and interest in the Escrow Agreement and expressly assumes
all of Assignor’s obligations under the Escrow Agreement. The
Escrow Agent and the Company hereby consent to such assignment and
assumption and shall treat the Assignee as a party to the Escrow
Agreement as if the Assignee were the original party
Agreement Remain in Force. Except as expressly set forth in
this Agreement, the Escrow Agreement remains unmodified and in full
force and effect.
Law. This Agreement shall be governed by the same governing
law as the Escrow Agreement.
Facsimile Execution. This Agreement may be executed in any
number of counterparts and by the parties hereto on separate
counterparts but all such counterparts shall together constitute
one and the same instrument. Facsimile execution and delivery of
this Agreement is legal valid and binding execution and delivery
for all purposes.
IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the date first set forth
Orchard Securities, LLC
/s/ Kevin Bradburn
Name: Kevin Bradburn
SANDLAPPER Securities, LLC
/s/ Trevor L. Gordon
Name: Trevor L. Gordon
HC Government Realty Trust, Inc.
/s/ Robert R. Kaplan, Jr.
Name: Robert Kaplan, Jr.
Title: President and Director
Branch Banking and Trust Company
/s/ Pamela B.
Pamela B. McGee