Exhibit 99.8
Assignment of Rights dated March 1, 2000 between LSOF Greenbriar and Greenbriar
ASSIGNMENT OF RIGHTS
This Assignment of Rights (this "Assignment") is dated as of March 1, 2000
between LSOF Greenbriar, L.L.C., a Delaware limited liability company ("LSOF
Greenbriar"), and LSOF Pooled Equity, L.P., a Delaware limited partnership
("Pooled Equity").
WHEREAS, LSOF Greenbriar and Greenbriar Corporation, a Nevada corporation
("Greenbriar") entered into two separate letter agreements on January 31, 2000
and February 4, 2000 (collectively, the "Letter Agreements") regarding the
redemption by Greenbriar of its Series F Senior Convertible Preferred Stock and
Series G Senior Non-Voting Convertible Preferred Stock (collectively, the
"Preferred Stock");
WHEREAS, LSOF Greenbriar assigned its ownership in the Preferred Stock to Pooled
Equity; and
WHEREAS, due to Pooled Equity's ownership of the Preferred Stock, LSOF
Greenbriar intends to assign all of its right, title and interests in the Letter
Agreements to Pooled Equity.
NOW THEREFORE, for good and valuable consideration the receipt of which is
hereby acknowledged, effective as of the date hereof LSOF Greenbriar hereby
assigns all of its right, title and interest in and to the Letter Agreements to
Pooled Equity. Furthermore, all references in the Letter Agreements to LSOF
Greenbriar shall be deemed references to Pooled Equity.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the undersigned has caused this assignment to be executed on
the date first written above.
LSOF GREENBRIAR, L.L.C.
By: Lone Star Opportunity Fund, L.P.,
its Managing Member
By: Lone Star Partner, L.P.
its General Partner
By: Lone Star Management Co., Ltd.,
its General Partner
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III
Vice President
CONSENTED AND AGREED TO:
LSOF POOLED EQUITY, L.P.
By: LSOF GenPar, Inc., its
General Partner
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III
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▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, III
Vice President