ASSIGNMENT AND ASSUMPTION OF LEASE
Exhibit 10.81a
ASSIGNMENT AND ASSUMPTION OF LEASE
THIS ASSIGNMENT AND ASSUMPTION OF LEASE (the “Agreement”), is made as of the 1st day of March, 2004 (the “Effective Date”), by and between Mr. Tire, Inc., a Maryland corporation having an address of 00 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxx (“Assignor”) and Monro Muffler Brake, Inc., a New York Corporation having a principal address of 000 Xxxxxxxx Xxxxxxx, Xxxxxxxxx, Xxx Xxxx (“Assignee”).
RECITALS
WHEREAS, Assignor as tenant, and 000 Xxxxxxxxxx Xxxx, LLC, as landlord, entered into a lease, dated April 1, 1998, (the “Lease”) relating to real property known as 000 Xxxxxxxxxx Xxxx located in Westminster, Xxxxxxx County, Maryland (the “Premises”); and
WHEREAS, Assignor and Assignee entered into a certain Asset Purchase Agreement dated as of February 9, 2004, as clarified by that certain Side Letter Agreement dated as of February 9, 2004, as same may be further amended and clarified (“Asset Purchase Agreement”), pursuant to which Assignor agreed to assign to Assignee all of Assignor’s right, title and interest as tenant under the Lease and Assignee agreed to assume all of Assignor’s obligations under the Lease.
NOW THEREFORE, pursuant to and in consideration of the Asset Purchase Agreement:
1. Assignor hereby assigns and transfers all of its right, title, and interest in the Lease to Assignee to have and to hold the same from and after the date hereof for the remainder of the term of the Lease.
2. Assignee hereby assumes and agrees to perform all obligations of Assignor pursuant to the Lease which accrue from the date hereof through the remainder of the term of the Lease. Assignor will remain liable for all of its obligations which accrued prior to the date hereof.
3. The representations and warranties set forth in the Asset Purchase Agreement with respect to the Lease assigned hereby, specifically, but not limited to, those set forth in Section 3.10 are incorporated in this Assignment as though set forth in full herein.
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IN WITNESS WHEREOF, this Assignment has been duly executed by the parties as of the Effective Date.
| MR. TIRE, INC. | ||||||
| By: /s/ Xxxxxx X. Xxxxxx | ||||||
| Xxxxxx X. Xxxxxx, Vice President | ||||||
| MONRO MUFFLER BRAKE, INC. | ||||||
| By: /s/ Xxxxxx X. Xxxxx | ||||||
| Xxxxxx X. Xxxxx, President & CEO | ||||||
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STATE OF MARYLAND
COUNTY OF XXXXXX XX.:
On the 26th day of February, 2004, before me, personally appeared Xxxxxx X. Xxxxxx personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.
/s/ Xxxxxx X. Xxxxxxxxxx |
Xxxxxx X. Casstranova commissioned as Xxxxxx X. Xxxx |
Notary Public |
STATE OF NEW YORK
COUNTY OF MONROE SS.:
On the 1st day of March, 2004, before me, personally appeared Xxxxxx X. Xxxxx personally known to me or proved to me on the basis of satisfactory evidence to be the individual(s) whose name(s) is (are) subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their capacity(ies), and that by his/her/their signature(s) on the instrument, the individual(s), or the person upon behalf of which the individual(s) acted, executed the instrument.
/s/ Xxxxx X. Xxxxxx |
Xxxxx X. Xxxxxx |
Notary Public |
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