Exhibit 10.19
ASSIGNMENT OF LEASE
This Assignment of Lease is made and entered into as of January
1999, by and among Enstar Networking Corporation, a Minnesota corporation
("Assignor"),Vicom, Inc., a Minnesota corporation ("Assignee"), and Lexmark
Office One Partners, LLP, a North Dakota Limited Liability Partnership
("Landlord").
RECITALS:
A. Landlord and Assignor entered into that certain Lease Agreement
dated September 23, 1998 (the "Lease") regarding certain premises consisting of
approximately 3,874 square feet of space located at 0000 00xx Xx. XX, Xxxxx,
Xxxxx Xxxxxx (the "Premises").
B. Assignor desires to assign all its right, title and interest in
the Lease to Assignee, and the parties wish to obtain Landlord's consent to such
assignment.
AGREEMENT
NOW, THEREFORE, in consideration of the Recitals, the mutual promises
contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Assignment and Assumption. Assignor assigns and transfers to
Assignee all its right, title and interest in the Lease as of January ,
1999 (the "Effective Date"), and Assignee assumes and agrees to perform all of
Assignor's obligations under the Lease arising on and after the Effective Date.
Assignee has inspected the Premises and accepts possession and occupancy of the
Premises in the condition existing on the Effective Date.
2. Landlord's Consent. Landlord consents to this assignment, without
waiving any rights provided to it in the Lease to restrict any subsequent
assignment or subletting of the Premises.
3. Tenant's Notices. From and after the Effective Date, all notices
to be given to the tenant under the Lease shall be sent to Assignee's attention
at the follow address:
Vicom, Inc.
0000 Xxxxxxx Xxxxxx Xxxxx
Xxx Xxxx, Xxxxxxxxx 00000
Attention: President
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4. Compliance with Notification and Information Provisions. Landlord
hereby acknowledges that Assignor has satisfied the notification and
information submission provisions set forth in Section 11 of the Lease.
5. Miscellaneous. This Assignment shall be binding on and inure to
the benefit of the parties and their successors and assigns. This Assignment
may be executed in several counterparts, each of which may be deemed an
original, but all of which together shall constitute one and the same document.
IN WITNESS WHEREOF, the parties hereto have executed this Assignment
of Lease as of the date first written above.
ASSIGNOR:
ENSTAR NETWORKING CORPORATION
OF EDEN PRAIRIE
By:
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Its:
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ASSIGNEE:
VICOM, INC.
By:
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Its:
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LANDLORD:
LEXMARK OFFICE ONE PARTNERS, LLP
By:
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Its:
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