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Correspondence - Non Agenda
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10/7/2025
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Do6uSign Envelope f�Da4�7 6 8 P�_ E �� 3C � 6 _8 Filed 03/20/23 Page 2 of 5 Page I D #:162 <br /> ASSIGNMENT OF CLAIMS AGREEMENT <br /> This Assignment of Claims Agreement(the"Agreement") is made and entered <br /> into as of March 15, 2023,by and between (1) Turner Healthcare Facilities Acquisition <br /> LLC ("Turner"or the"Assignor") and (2) Share Our Selves Corporation, a California <br /> nonprofit corporation ("SOS" or the "Assignee") [hereinafter, Turner and SOS shall <br /> collectively be referred to as the"Parties" and individually as the "Party"] with respect to <br /> the following facts and intentions: <br /> RECITALS <br /> A. On or about February 25, 2022, Turner and SOS executed a term sheet <br /> (the"Terra Sheet"), setting forth that Turner may purchase the real property located at <br /> 2670 North Main Street in Santa Ana(the "Main Street Property" or the"Property"), and <br /> the parties intention to enter into a 20-year triple-net lease of the Property, with two five- <br /> year options to extend,and an option to purchase the Property (the"Lease")which Lease <br /> would include the obligation for Turner to renovate the Property into a healthcare facility <br /> for SOS (the"Project"). <br /> B. On or about March 7, 2022, Turner entered into a Purchase and Sale <br /> Agreement and Joint Escrow Instructions (the"PSA")to purchase the Main Street <br /> Property from the Himy Family Limited Partnership 11, LP (the"Seller"). The PSA <br /> provided Turner with a period of 90 days (the "Inspection Period")to conduct all due <br /> diligence of the property, including any attempts to obtain entitlements, approvals, <br /> permits, and private party consents necessary for the Project. <br /> C. Under the PSA, Turner was required to, and did,place a$270,000 <br /> refundable deposit(the"Deposit") into escrow(the"Escrow"), a portion of which was <br /> anon-refundable payment of$100.00 in"Independent Consideration" to the Seller. <br /> D. In May,July, and November 2022 and February 2023, Turner and the <br /> Seller entered into amendments to the PSA(collectively,the "Amendments")to provide <br /> for various extensions of the Inspection Period to and including February 10, 2023. <br /> E. As consideratioi-r for the extensions contemplated under the Amendments <br /> (collectively,the "Extensions"), Turner paid various extension fees (collectively,the <br /> "Extension Fees") and released a portion of the funds in the Escrow(the"Released <br /> Funds"),totaling $185,000 in Extension Fees and Released Funds. <br /> F. During the period from approximately February 2022 to and including the <br /> present date, Turner has incurred various costs and expenses in connection with various <br /> planning, purchase, development,entitlement, legal, and other activities relating to the <br /> Project(collectively, the "Project-Related Costs"), including costs incurred in connection <br /> with the minor exception application and the major remodel applications that Turner <br /> submitted to the City of Santa Ana(the"City"). <br /> G. In December 2022,the City adopted Santa Ana Zoning Ordinance <br /> Amendment No. 2022-07 (the "Urgency Ordinance") and, in February 2023, the City <br /> 1 <br />
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