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Agmt14 HAP Partners RWC LLC
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Agmt14 HAP Partners RWC LLC
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Last modified
5/12/2014 12:02:52 PM
Creation date
5/12/2014 12:02:51 PM
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Template:
Agreement
Contractor Name
HAP Partners RWC LLC
PROJECT NAME
(Howies Artisan Pizza) Assignment and Assumption of Lease Amends Original Lease to Tarboosh
RMP File Number
455
Date
4/9/2014
MO Ref
SA MO 14-01
Amendment
Yes
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ORIGINAL <br /> ASSIGNMENT AND ASSUMPTION OF LICENSE <br /> This Assignment and Assumption of License(the"Assignment") is entered into as of <br /> ri �, 2014 between HAP Partners RWC LLC, a California limited liability company, <br /> ("Assignee") and Byrtus Group, Inc., a California corporation ("Assignor"). <br /> RECITALS <br /> A. Assignor and the Redevelopment Agency of the City of Redwood City (the <br /> "Redevelopment Agency") are parties to that License Agreement dated on or about <br /> February 21, 2007 (the"Original License") by which Assignor is granted the exclusive right <br /> to use the Premises. Assignor and the Redevelopment Agency amended the Original <br /> License by that certain Amendment No. 1 to License Agreement dated on or about May 17, <br /> 2010 (the Amendment). The Original License and Amendment are collectively referred to <br /> herein as the "License". <br /> B. The Agency has been dissolved, and the License is controlled by the <br /> Successor Agency to the Redwood City Redevelopment Agency("Successor Agency")as <br /> the successor in interest to the Agency. <br /> C. Assignor proposes to sell to Assignee all of the assets that are included and <br /> used in the restaurant that occupies the Premises pursuant to the Asset Purchase <br /> Agreement dated on or about February lQ, 2014 ("Purchase Agreement"). As a condition <br /> to the sale of the assets in the Purchase Agreement, Assignor desires to assign to <br /> Assignee the License and all rights set forth therein. <br /> AGREEMENT <br /> THEREFORE, in consideration of the foregoing recitals, which are a part of this <br /> � Assignment, and the mutual promises and conditions herein, the parties agree as follows: <br /> 1. Assiqnment. For good and valuable consideration, receipt of which is hereby <br /> acknowledged, Assignor hereby assigns and transfers to Assignee all of its right, title and <br /> interest in and to that certain License and amendments thereto, demising to Assignee <br /> those certain Premises commonly known and designated in the License. A full, true and <br /> correct copy of said License is attached hereto, marked Exhibit A, and incorporated by <br /> reference herein. All capitalized terms herein, unless defined otherwise, shall have the <br /> same meaning as the defined terms in the License. <br /> 2. Effective Date. The Effective Date of the Assignment shall be the Closing <br /> Date, as such term is defined in the Purchase Agreement. Assignor shall transfer <br /> possession of the Premises to Assignee on said Effective Date. <br /> 3. Acceptance and Assumption of Obliqations. Assignee hereby accepts this <br /> ATTY/AGR/2014.050/TARBOOSH HOWIE'SASSUMPTION <br /> REV:04-09-14 VR <br /> Page 1 of 6 <br />
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