Exhibit 10.3.2
ASSIGNMENT OF LEASE
THIS ASSIGNMENT made effective as of the 24th day of February, 1997 by and
between XXXXXX REAL ESTATE PARTNERSHIP, a Pennsylvania partnership (hereinafter
referred to as "Assignor") and BREP I, a Pennsylvania limited partnership
(hereinafter referred to as "Assignee").
B A C K G R O U N D:
A. Assignor and R&B, Inc., ("R&B"), on December 1, 1990, entered into a
Lease, thereafter amended on September 10, 1993, in connection with the lease of
the premises located at 0000 Xxxx Xxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxx 00000,
more particularly described therein (the "Premises").
NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby
acknowledged, and intending to be legally bound hereby, Assignor, (i) hereby
assigns, transfers and conveys to Assignee all of the Assignor's right, title
and interest in and to the Lease, and (ii) delegates and transfers to the
Assignee all of the Assignor's obligations, liabilities and duties under the
Lease.
IT BEING INTENDED that the provisions of this Assignment shall be legally
binding upon and inure to the benefit of Assignor, Assignee, R&B, and their
respective heirs, administrators, executors, successors and assigns.
* * *
Exhibit Page 1
IT WITNESS WHEREOF, Assignor, intending to be legally bound hereby, has duly
executed this Assignment upon the date first above written.
XXXXXX REAL ESTATE PARTNERSHIP
Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx, Partner
Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx, Partner
Jordan X. Xxxxxx
Jordan X. Xxxxxx, Partner
Xxxx X. Xxxxxx
Xxxx X. Xxxxxx, Partner
Xxxx X. Xxxxxx
Xxxx X. Xxxxxx, Partner
Intending to be legally bound hereby, this Assignment is hereby accepted:
BREP I
By:BREP, Inc., General Partner
By: Jordan X. Xxxxxx
Jordan X. Xxxxxx, President
Exhibit Page 2
Intending to be legally bound hereby, the undersigned hereby consent to the
terms and conditions of the foregoing Assignment.
ATTEST: R&B, Inc.
Xxxxx X. Xxxxx By: Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx, President
