ASSIGNMENT AND ASSUMPTION AGREEMENT
THIS
ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”)
is
made as of this 30th day of September, 2008, by Xxxxxxx Cleaners, Inc., an
Indiana corporation (“Assignor”),
and
USDC Xxxxxxx Indiana, Inc., a California corporation (“Assignee”),
as
follows:
1. This
Agreement is executed and delivered in connection with that certain Asset
Purchase and Sale Agreement, dated as of August 20, 2008, as amended by a First
Amendment to Asset Purchase Agreement, dated as of August 29, 2008
(collectively, the “Asset
Purchase Agreement”),
by
and between Assignor and Assignee.
2. Assignor,
for good and valuable consideration, the receipt of which is hereby
acknowledged, does hereby sell, assign, transfer, and set over to Assignee
and
Assignee’s heirs, successors, and assigns, for their use and benefit, all of
Assignor’s right, title, and interest in and to the Section 365 Contracts (as
defined in the Asset Purchase Agreement and which are identified on Exhibit
A
hereto)(the “Assignment”).
3. In
consideration of the transfer of the Section 365 Contracts made by Assignor
to
Assignee pursuant to the terms and conditions of the Asset Purchase Agreement
and for other good and valuable consideration, the receipt and sufficiency
of
which are hereby acknowledged by Assignee, Assignee hereby accepts the
Assignment and assumes all of the Section 365 Contracts. Assignee hereby
covenants with Assignor that Assignee and its successors and assigns will from
and after the date hereof assume and agree to keep, perform, and fulfill, or
cause to be kept, performed, and fulfilled, all of the terms, covenants,
conditions, and obligations relating to or arising out of the Section 365
Contracts.
4. This
Agreement shall inure to the benefit of Assignee and Assignor and their
respective successors and assigns and shall be binding upon and enforceable
against Assignor and Assignee and their respective successors and
assigns.
{Signature
Page Follows}
IN
WITNESS WHEREOF, Assignee and Assignor have caused this Agreement to be duly
executed as of the date first above written.
Assignee:
USDC
XXXXXXX INDIANA, INC.,
a
California corporation
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By: | /s/ | |
Name:
Title:
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Address:
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0000
XxxXxxxxx Xxxx.
Xxxxx
000
Xxxxxxx
Xxxxx, XX 00000
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Assignor:
XXXXXXX
CLEANERS, INC.,
an
Indiana corporation
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By: | /s/ | |
Name:
Xxxxx X. Xxxx
Title: Chief
Executive Officer
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Address:
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00000
X. Xxxxx Xxxx.
Xxxxx
0000
Xxxxxxx,
XX 00000
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EXHIBIT
A
Executory
Contracts and Leases
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Lease/Executory
Contract
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Lessor/
Counterparty
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Contact
Information
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Store
# 51015, 000 X Xxx Xxxx Xx., Xxxxxxxxxxxx, XX 00000
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DH
Realty, LLC
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DH
Realty, LLC (Attn: Xxx Xxxxxxx), 000 Xxxxxxxx Xxxxxx, Xxxxx 0000,
Xxxxxxxxxxxx, XX 00000
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Store
# 51017, 0000 X. Xxx Xx., Xxxxxxxxxx, XX 00000
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Oak
Center LLC
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Oak
Center LLC (Attn: Xxxxxxx X. Xxxxx), XX Xxx 00, Xxxxxxxxxx, XX
00000
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Store
# 51018, 0000 Xxxxxx, Xxxxx 0, Xxxxxxxxx, XX 00000
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Xxxxxx
Xxxxxxx
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Southport
Crossing Centre (Attn: Xxxxxx Xxxxxxx), 0000 Xxxxxx Xxxxx, Xxxxxxxxxxxx,
XX 00000
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Store
# 51021, 0000-X Xxxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
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T-L
Shadeland Station LLC
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Tri-Land
Properties Inc (Attn: Xxxx Xxxxx), Xxx Xxxxxxxxx Xxxx Xxxxxx , Xxxxx
000,
Xxxxxxxxxxx, XX 00000-0000
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Store
# 51023, 0000 XxxxxXxxxxxxxx Xxx #X, Xxxxxxxxxxxx, XX
00000
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Valtesi
I, LLC
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Valtesi
I, LLC (Attn: Xxxx Xxxxxx), 000 Xxxx 00 Xx., Xxxxxxxxxxxx, XX
00000
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Store
# 51024, 0000 X 000xx Xx., Xxxxxx, XX 00000
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Merchants
450 LLC
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Ramco
Merchants Square LLC (Attn: Xxx Xxxxx), 00000 Xxxxxxxxxxxx Xxx.,
Xxxxx
000, Xxxxxxxxxx Xxxxx, XX 00000
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Store
# 51027, 00000 Xxxxxxxxxxxx Xx., Xxxxxxx, XX 00000
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G&J
Partnership
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G&J
Partnership (Attn: Xxxx Xxxxx), 0000 Xxxx 00 Xx., Xxxxxxxxxxxx, XX
00000
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Store
# 51030, 0000 X. XX 00, Xxxx, XX 00000
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Xxxxxxxx
Development Corp.
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Xxxxxxxx
Development Corp. (Attn: Xxxx Xxxxxxxx), 0000 X. 000 Xxxx, Xxxxxxxxxx,
XX
00000
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Store
# 51031, 0000 X. 00xx Xx., Xxxxxxxxxxxx, XX 00000
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Veritas
Realty, LLC
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Veritas
Realty, LLC (Attn: Xxxx Xxxxxx), 000 Xxxx 00xx Xxxxxx, Xxxxxxxxxxxx,
XX
00000
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Store
# 51032, 0000 X. 00xx Xx., Xxxxxxxxxxxx, XX 00000
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S&N
Realty, LLC
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S&N
Realty, LLC (Attn: Xxx Xxxxxxxx), 0000 X. Xxxxxxxx Xxxxxx, #000,
Xxxxxxxxxxxx, XX 00000
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Store
# 51033, 0000 X. Xxxx Xx., Xxxxxxxx, XX 00000
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Franklin
Shopping Plaza ,LP
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Landmark
Properties Group (Attn: Xxxxxx Xxxxxxxx), 0000 Xxxxx 0, Xxxx 0, Xxxxxxx
Xxxx, XX 00000
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Store
# 51034, 0000 Xxxxx Xxxxx Xx #000, Xxxxxxxxx, XX 00000
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TKC
Properties, LLC
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TKC
Properties, LLC (Attn: Xxxxxx Xxxxxx), 0000 X Xxxxxxxxxx - Xxxxx
000,
Xxxxxxxxxxxx, XX 00000
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Store
# 51036, 0000 X. 00xx Xx., Xxxxxxxxxxxx, XX 00000
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86th
& Ditch Road Realty Co. XX
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Xxxxx
Property Group (Attn: Xxxxxxx X. Xxxxxxx), 000 Xxxxxxxxxxxx Xxxxxxx,
Xxxxxxxxxxxx, XX 00000
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Store
# 51038, 0000 Xxxxxxxxx Xx. Xxxxx 000, Xxxxxxxxxxxx, XX
00000
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Xxxxxx,
FLP
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Xxxxxx,
FLP (Attn: Xxxxx Xxxxxxxx), X X Xxx 00, Xxxxxxxxx, XX
00000
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Store
# 51039, 0000 Xxxxxxxxx XX. Xxxxx X, Xxxxxxxx, XX 00000
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Xxxxx
& Xxxxxx Holdings,LLC
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Xxxxx
& Xxxxxx (Attn: Xxxxxx X. Xxxx), 0000 X. Xxxxxx Xxxxxx, Xxxxxxxxxxxx,
XX 00000
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Store
# 51040, 0000 X. 00xx Xx., Xxxxxxxxxxxx, XX 00000
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Xxxx
Improvements, LLC
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Xxxx
Corners c/o DLC Management Corp. (Attn: Xxxxxxx Xxxxxxxxx), 000 Xxxxx
Xxxxxx Xxxx, Xxxxxxxxx, XX 00000
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Store
# 51041, 0000 X. 00xx Xx., Xxxxxxx, XX 00000
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Glendale
Partners
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Glendale
Partners of Michigan Road (Attn: Glendale Partners of Michigan Road),
X.X.
Xxx 0000, Xxxxxxxxxxxx, XX 00000
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Store
# 51042, 000 Xxxxxxx Xx., Xxxxxxxxxx, XX 00000
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Xxxx
Investment Corp.
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Xxxx
Investment Corp. (Attn: Xxxxx X. Xxxx), 000 X. Xxxx Xxxx, Xxxxxxxxxx,
XX
00000
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Store
# 51044, 00000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxx, XX 00000
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KRG
Xxxxxxxx Crossing LLC
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KRG
Management, LLC (Attn: Xxxx X. Xxxx), 00 X Xxxxxxxx Xx., Xxxxx 0000,
Xxxxxxxxxxxx, XX 00000
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Store
# 51046, 0000 Xxxx 000 Xxx., Xxxxxxx, XX 00000
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Sunbeam
Development Corporation
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Sunbeam
Development Corporation (Attn: Xxxxxx X. Xxxxxx, Xx.), 0000 Xxxx
000xx
Xxxxxx, Xxxxxxx, XX 00000-0000
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Store
# 51048, 000 X. Xxxxx Xxxxxx, Xxxxxxxxxx, XX 00000
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Brownsburg
Management Group, LTD
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Brownsburg
Management Group (Attn: Xxxxx Xxxxxx), 00 Xxxxxxxxx Xxxxx, Xxxxxxxxxx,
XX
00000
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Store
# 51050, 00000 Xxxx 000 Xx., Xxxxxxx, XX 00000
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Brookschool
Plaza LLP
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Brookschool
Plaza LLP (Attn: Xxxxx Xxxxx), 0000 X. 00 Xx., Xxxxxxxxxxxx, XX
00000
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Store
# 51052, 00000 Xxxxx Xxxx, Xxxxxxxxx, XX 00000
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FZB
Capital Company, LLC
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Zinkan
& Xxxxxx Development co. (Attn: Xxxxxx X Xxxxxx), 0000 Xxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxx, XX 00000
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Copier
Lease
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Ikon
Financial Solutions
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X.X.
Xxx 000000, Xxxxxx, XX 00000-0000
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Cylinder
Rental
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Indiana
Oxygen
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X.X.
Xxx 00000, Xxxxxxxxxxxx, XX
00000-0000
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