Exhibit 10.14
ASSIGNMENT AND ASSUMPTION OF LEASES
FOR VALUABLE CONSIDERATION, the receipt of which is hereby
acknowledged, Xxxxxxxx Xxx Xxxxxxxx, Xx. and Xxxxx Xxx Xxxxxxxx, as individuals,
and Xxxxxxxx Xxx Xxxxxxxx, Xx. and Xxxxx Xxx Xxxxxxxx as trustees of the
Xxxxxxxx Xxx, Xx. and Xxxxx Xxx Xxxxxxxx Family Irrevocable Trust and Xxxxxxxx
Xxx Xxxxxxxx, III and Xxxx Xxxx Xxxx, as Trustees of the Xxxxxxxx Family
Irrevocable Trust ("Assignor"), hereby assign and delegate to Hollywood
Associates, LLC ("Assignee"), all of the landlord's rights, interest and
obligations in all leases of any portion of the improvements located on the real
property in the City and County of San Francisco, State of California, more
particularly described in Exhibit A attached hereto and by this reference
incorporated herein. This Assignment is made concurrently with and as an
incident to the conveyance by Assignor to Assignee of the real property
described in Exhibit A. This Assignment is expressly subject to the provisions
of Section 6.b. of that certain Purchase Agreement, dated April 14, 2000,
between Assignor and Assignee.
Concurrently herewith, Assignor has assigned and delivered to Assignee
the security deposits listed in Schedule 1.
Executed on May 22, 2000.
XXXXXXXX XXX XXXXXXXX, XX. and XXXXX XXX XXXXXXXX, AS
TRUSTEES OF THE XXXXXXXX XXX, XX. AND XXXXX XXX
XXXXXXXX FAMILY IRREVOCABLE TRUST
By /s/ Xxxxxxxx Xxx Xxxxxxxx, Xx.
Xxxxxxxx Xxx Xxxxxxxx, Xx., Trustee
By /s/ Xxxxx Xxx Xxxxxxxx
Xxxxx Xxx Xxxxxxxx, Trustee
/s/ Xxxxxxxx Xxx Xxxxxxxx, Xx.
Xxxxxxxx Xxx Xxxxxxxx, Xx., Individually
/s/ Xxxxx Xxx Xxxxxxxx
Xxxxx Xxx Xxxxxxxx, Individually
XXXXXXXX XXX XXXXXXXX, III, and XXXX XXXX XXXX,
AS TRUSTEES OF THE XXXXXXXX FAMILY IRREVOCABLE TRUST
By /s/ Xxxxxxxx Xxx Xxxxxxxx, III
Xxxxxxxx Xxx Xxxxxxxx, III, Trustee
By /s/ Xxxx Xxxx Xxxx
Xxxx Xxxx Xxxx, Trustee
ACCEPTANCE AND ASSUMPTION OF LEASES
The undersigned Assignee hereby accepts the foregoing Assignment and
Assumption of Leases and agrees to perform all obligations and liabilities
accruing pursuant to such leases from and after the date hereof. Assignee
further acknowledges receipt of the security deposits in accordance with the
terms of each of the enumerated leases. Assignee shall indemnify, protect,
defend and hold Assignor harmless from and against any and all damages, costs
(including reasonable attorney's fees, demands, causes of action and any and all
suit or suits arising out of the leases (relating to such security deposits) and
due to actions, factors or circumstances occurring on or after the date hereof.
Executed on _______________________, 2000.
HOLLYWOOD ASSOCIATES, LLC
By /s/ (illegible)
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Its
