Exhibit 10.5
ASSIGNMENT OF LEASE
In consideration of the mutual promises and covenants contained herein, and
other good and valuable consideration, receipt of which is hereby acknowledged,
the undersigned Assignor hereby assigns, transfers and sets over to Assignee its
rights, title and interest in and to that certain lease dated March 19, 2001 by
and between the Landlord, Uenaka Family Partnership, a general partnership, and
the Tenant, KAL Equity Group, Ltd., a Nevada corporation, subsequently amended
by the First Amendment to Lease, the Second Amendment to Lease, and the Third
Amendment to Lease covering the Premises at 00 Xxxxx Xxxxxx, Xxxxxx 000 xxx 000,
Xxx Xxxxx, Xxxxxxxxxx, 00000, copies of which are attached by reference and are
hereinafter referred to as the Lease. Assignor shall have no continuing
liability or obligation under the Lease.
ASSIGNOR:
KAL Equity Group, Ltd.
/s/ Xxx X. Xxxx Manager 12/20/05
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Signature of Officer Title Dated
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ACCEPTANCE OF LEASE
In consideration of the above assignment of lease and the written consent of the
Landlord which follows, the undersigned Assignee(s), FreeHand Systems, Inc.., a
Nevada corporation, accepts the foregoing assignment of the leased interest and
hereby agrees to make all payments and to observe, keep and perform all the
terms, covenants and conditions specified and set forth in the Lease and
leasehold to be made, observed, kept and performed by the Tenant therein
provided as fully as though it was originally named in the Lease as Tenant.
Assignee(s) hereby states that it has received a copy of the Lease from the
Assignor(s), has reviewed this copy of the Lease, and accepts this copy of the
Lease without changes or further amendment.
Assignee further agrees that any other businesses, corporations, associations,
partnerships or individuals (hereinafter "Business Invitees") that Assignee
invites, singularly or jointly, into the Premises for the purpose of such
Business Invitee conducting material business within the Premises shall be
immediately and automatically jointly and severally liable under the Lease.
ASSIGNEES:
FreeHand Systems, Inc.
/s/ Xxx X. Xxxx CEO 12/20/05
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Signature of Officer Title Dated
PORTFOLIO REALTY MANAGEMENT. INC.
408/556-0200
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CONSENT OF ASSIGNMENT
The undersigned Landlord hereby consents to the above mentioned terms of
assignment of lease interest in the Lease from the named Assignor to the named
Assignee effective upon the execution of this Assignment. All the terms and
conditions of the Lease shall remain in full force and effect.
LANDLORD:
Uenaka Family Partnership
/s/ [ILLEGIBLE] 1/13/06
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Xxxxx Xxxxxx, Managing Partner Dated
PORTFOLIO REALTY MANAGEMENT, INC.
408/556-0200
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