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SHARE OUR SELVES CORPORATION
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Last modified
10/20/2025 9:26:32 AM
Creation date
10/20/2025 9:26:12 AM
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Contracts
Company Name
SHARE OUR SELVES CORPORATION
Contract #
A-2025-173
Agency
City Attorney's Office
Council Approval Date
9/16/2025
Expiration Date
1/1/1900
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Docusign Envelope ID:OF42FBD7-AC52-4266-A257-BBE14D182B71 <br /> Docuslgn E��' : 6f 15bt,,CfC FAQ Iment 73 Filed 10/30/24 Page 1.95 of 202 Page <br /> ID 4:1352 <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: apY T C` <br /> R.E C Y M �, A 1J S <br /> A. On or about February 25, 2022, Turner and SOS executed a terns sheet <br /> (the`'Term 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 (thc "PSA") to purchase the Main] Street <br /> Property from the Hirny Family Limited Partnership II., LP(the"Seller"). The PSA <br /> provided Turner with a period of 90 days(the"Inspection Period") to conduct a]I due <br /> diligence of the property, including; any attempts to obtain entitlements, approvals, <br /> permits, and private party consents necessary Tor 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 consideration for the extensions contemplated under the Amendments <br /> (collectively, the"Extensions"), Turner paid various extension fees (collectively, the <br /> "Extension Dees") 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{tire'`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 /> EXHIBIT 1 <br />
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