CHRONIMED INC.
EXHIBIT 10.20a
LEASE ASSIGNMENT BETWEEN THE COMPANY MEDGENESIS INC.
ASSIGNMENT AND ASSUMPTION OF LEASE
FOR AND IN CONSIDERATION of receipt of One Dollar ($1.00) and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Chronimed Inc., a Minnesota Corporation, (hereinafter referred to
as "Assignor") hereby assigns to MEDgenesis Inc., a Minnesota corporation
(hereinafter referred to as "Assignee") all of its right, title and interest in
and to a certain lease dated June 10, 1997 by and between Assignor as "Tenant"
and Jorandcor Inc., a Minnesota corporation, as "Landlord", for certain space
described therein and located in Hennepin County and more commonly known as 0000
Xxxx Xxxxx, Xxxx Xxxxxxx, Xxxxxxxxx 00000.
Assignee hereby accepts this Assignment and Assumption of Lease and
hereby agrees to be bound by all of the rights and obligations of Assignor as
Tenant under the Lease and acknowledges that all provisions of the Lease remain
in full force and effect.
Assignee fully releases Assignor from and indemnifies Assignee against
any and all liabilities arising under the Lease or Assignee's tenancy from and
after July 1, 2000.
This Assignment and Assumption of Lease shall not be construed to
modify, waive, impair or affect any of the terms, provisions or conditions of
the Lease.
This Assignment and Assumption of Lease shall not constitute a consent
to any further assignment of the Lease or subletting of the premises demised
thereby.
This Assignment Assumption of Lease may be executed in two or more
counterparts, each of which shall be deemed an original. All such counterparts
shall together constitute one and the same instrument.
This Assignment and Assumption of Lease shall be deemed effective
July 1, 2000.
EXECUTED this 29th day of August, 2000.
"Assignor"
CHRONIMED INC., a
Minnesota corporation
By: /s/ Xxxxx Xxxxxxxxxxx
---------------------
Title: Vice President
--------------
"Assignee"
MEDGENESIS INC., a
Minnesota corporation
By: /s/ Xxxxxxx X. Xxxx
-------------------
Title: Chief Financial Officer
-----------------------
STATE OF Minnesota )
-------------------
) SS:
COUNTY OF Xxxx )
------------------
Before me, a Notary Public in and for said County and State, personally
appeared Xxxxx Xxxxxxxxxxx and -- , by me known and by me known to be the Vice
President and -- , respectively, of Chronimed Inc., a Minnesota corporation, who
acknowledged the execution of the foregoing "Assignment and Assumption of Lease"
on behalf of said corporation.
Witness my hand and Notarial Seal this 29th day of August, 2000.
/s/ Xxxxxxx Xxxxxxxxx
---------------------
Notary Public
Xxxxxxx Xxxxxxxxx
-----------------
(Printed Signature)
My Commission Expires: 1/31/05
-------
My County of Residence: Xxxx.
-----
STATE OF Minnesota )
-------------------
) SS:
COUNTY OF Xxxx )
------------------
Before me, a Notary Public in and for said County and State, personally
appeared Xxxxxxx Xxxx and -- , by me known and by me known to be the Chief
Financial Officer and -- , respectively, of MEDgenesis Inc., a Minnesota
corporation, who acknowledged the execution of the foregoing "Assignment and
Assumption of Lease" on behalf of said corporation.
Witness my hand and Notarial Seal this 29th day of August, 2000.
/s/ Xxxxxxx Xxxxxxxxx
---------------------
Notary Public
Xxxxxxx Xxxxxxxxx
-----------------
(Printed Signature)
My Commission Expires: 1/31/05
-------
My County of Residence: Xxxx.
-----
CONSENT AND ACCEPTANCE
JORANDCOR INC., a Minnesota corporation, as Landlord under the Lease,
hereby consents to the assignment of the Lease as set forth above, the
substitution of Assignee as Tenant thereunder, and the release of Assignor from
any liabilities arising thereon from and after July 1, 2000.
"Landlord"
Jorandcor Inc., a Minnesota
Corporation
By: /s/ Xxxxxxx X. Xxxxx
--------------------
Its: President
---------
