EXHIBIT 10.27
ASSIGNMENT OF LEASEHOLD INTEREST
WITH CONSENT OF LANDLORD
THIS AGREEMENT, is made this 31st day of May, 1996, by and between METRO
CENTER ASSOCIATES, L.P. a NEW MEXICO LIMITED PARTNERSHIP by and through its
managing agent BGK ASSET MANAGEMENT CORP., a NEW MEXICO Corporation
(hereinafter "Landlord"), DR. XXXXXXX XXXXXX d.b.a. ALBUQUERQUE CORRECTIVE
EYE SURGERY, a NEW MEXICO Corporation (hereinafter "Tenant") TRUEVISION
LASER CENTERS OF ALBUQUERQUE, INC. a NEW MEXICO Corporation (hereinafter
"TrueVision") and TRUEVISION LASER CENTERS, INC. a NEVADA CORPORATION),
(hereinafter "Guarantor")
RECITALS:
I. Landlord interest is with that certain Lease Agreement dated September
12, 1995, by and between Metro Center Associates, L.P. (therein "Landlord")
and Dr. Xxxxxxx Xxxxxx, d.b.a. Albuquerque Corrective Eye Surgery, a New
Mexico Corporation (therein "Tenant"), hereinafter "the Lease Agreement".
II. A true, accurate and complete copy of the Lease Agreement is attached
hereto and made a part of hereof as EXHIBIT "A".
III. Tenant desires to assign its Leasehold interest (rights, title and
obligations) in and to the Lease Agreement to TrueVision. Included with the
Leasehold interest, TrueVision will assume the additional Tenant Improvements
Loan as defined in the Second Amendment to Lease dated September 12, 1996,
which is attached hereto and made a part hereof as Exhibit "B".
In consideration of the mutual promises, covenants and conditions herein
contained and other valuable consideration the receipt of which is hereby
acknowledged, the parties hereto intending to be legally bound agree, as
follows:
1. That Tenant does hereby assign all of its rights, title and
interest in and to the Lease Agreement unto TrueVision, including
all of its right, title and interest in and to any prepaid rent
and/or security deposit paid in connection with the Lease Agreement.
2. That, TrueVision does hereby accept said assignment of the Lease
herein made by Tenant and does hereby covenant and agree to keep
and perform all the said terms, covenants, agreement and conditions
contained within the Lease Agreement to be kept and performed by
Tenant.
3. That Landlord does hereby grant its consent to Tenant in the
making of the assignment of the Lease Agreement unto TrueVision
and does hereby accept TrueVision as the successor in interest of
Tenant in and to the Lease Agreement.
4. That, Guarantor does hereby guarantee the faithful and timely
performance of all terms, covenants, conditions and agreements
to be kept and performed by TrueVision under the Lease Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day,
month and year first above written.
ASSIGNMENT OF LEASEHOLD INTEREST
WITH CONSENT OF LANDLORD
STATE OF CALIFORNIA)
)SS.
COUNTY OF SAN DIEGO)
It is hereby acknowledged that the above Lease Assignment was sworn to
and executed before me on this 31st day of May 199_ by Xxxx Xxxxx as President
of or and on behalf of TrueVision Laser Centers, Inc., Guarantor.
/s/ XXXXXXXXX XXXXXXXX
__________________________
NOTARY PUBLIC
12/4/97
My Commission Expires: _____________
STATE OF NEW MEXICO)
)SS.
COUNTY OF BERNALILLO)
It is hereby acknowledged that the above Lease Assignment was sworn
to and executed before me on this 31st day of May 1996 by Xxxxx X. Xxxxxxxxx,
as President of BGK Asset Management Corp. or and on behalf of Metro Center
Associates, L.P.
/s/ GENOVA X. XXXXX
___________________________
NOTARY PUBLIC
July 21,1998
My Commission Expires: ______________
