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Comes now Robert E. Signom II, residing at
1350 Creighton Avenue, City of Dayton, County of Mont-
gomery, State of Ohio, and hereby makes a gift of the
following:
The Purchase Option contained in Article 19
of that certain Agreement of Lease, by and between
Marvin Mumma and MHR Properties, dated March 16,
1987, regarding the building located at 15-23
North St. Clair Street, City of Dayton, County of
Montgomery, State of Ohio, and being Part Lot
Number 140 of the revised plat of the City of
Dayton.
to THE UNIVERSITY OF DAYTON, 300 College Park Avenue,
City of Dayton, County of Montgomery, State of Ohio, as
of this 6th day of July, 1991.
Mr. Signom was aware, and indeed had informed the represen-
tatives of the University in 1988, that he had to obtain the
agreement of Ms. Signom in order to effect any proposal with
respect to MHR Properties’ leasehold interest or MHR Properties’
purchase option. Nonetheless, the July 6 document stated that
Mr. Signom, instead of MHR Properties and/or Mr. Signom and Ms.
Signom as the equal general partners of that partnership, was the
grantor to the University of MHR Properties’ purchase option. In
addition, Mr. Signom signed the July 6 document in his individual
capacity and not as a general partner or otherwise as a represen-
tative of MHR Properties. The signature of Ms. Signom does not
appear on the July 6 document. No other individual signed the
July 6 document as a representative of MHR Properties. Although
Mr. Signom sent the July 6 document to Mr. Packard, it was not
sent to the University and was never recorded.
In anticipation of finalizing and thereafter closing the
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