Exhibit 10.46
ASSIGNMENT AND ASSUMPTION OF LEASE
THIS ASSIGNMENT AND ASSUMPTION OF LEASE ("Assignment") is made and
entered into as of this 24th day of January, 2002, by and between Inteflux,
Inc., an Arizona corporation ("Assignor"), and Integrated Information Systems,
Inc., a Delaware corporation ("Assignee"), with respect to the following facts:
A. Assignor is the tenant of that certain real property located in
the County of Maricopa, State of Arizona, designated as Suite 310,
consisting of approximately 3,514 square feet, 0000 Xxxxx Xxxxxxx
Xxxxxx, Xxxx xx Xxxxxxx (the "Property"), which Assignor is
leasing pursuant to the terms and conditions of a lease dated
November 1, 2000, by and between Assignor as the tenant and SOFI -
IV SIM Office Investors II Limited Partnership as the landlord of
the Property (the "Lease"); and
B. Assignee desires to assume the Lease from Assignor and desires to
perform the obligations of Assignor under the terms of the Lease,
all in accordance with the terms and conditions of the Lease and
Assignor desires to assign all of its right, title and interest in
the Lease to Assignee.
NOW, THEREFORE, in consideration of mutual covenants and promises
contained herein, and for valuable consideration, the receipt and sufficiency of
which are hereby mutually acknowledged and confessed, the parties hereby agree
as follows:
1. Assignment.
Assignor hereby grants, assigns, transfers and sets over, and by these
presents, does hereby grant, assign, transfer and set over to Assignee the Lease
and all rights of Assignor contained therein.
2. Duties.
Assignor hereby delegates to Assignee all the duties and obligations of
performance of and by the tenant under the Lease, and for and in consideration
of the Lease being assigned to Assignee, Assignee hereby accepts this Assignment
and agrees to assume and perform, and hereby assumes all of the duties,
obligations, covenants, agreements, promises, terms, conditions and provisions
contained in the Lease, to be observed, kept, performed or complied with by
Assignor under the Lease from and after the effective date hereof.
3. Hold Harmless.
Assignor hereby covenants to Assignee to hold Assignee harmless and
hereby agrees to indemnify Assignee from any claim, loss, liability, expense
(including, but not limited to, reasonable attorneys' fees), demand or cause of
action which may be asserted against or incurred by Assignee arising from, based
upon, or related to a breach or failure, refusal or inability to perform any
provision of the Lease in respect of the Assignor thereunder by Assignor which
occurred prior to the effective date of this Assignment.
Assignee hereby covenants to Assignor to hold Assignor harmless and
hereby agrees to indemnify Assignor from any claim, loss, liability, expense
(including, but not limited to, reasonable attorneys' fees), demand or cause of
action which may be asserted against or incurred by Assignor arising from, based
upon or related to a breach or failure, refusal or inability to perform any
provision of the Lease in respect of the tenant thereunder by Assignee which
occurs subsequent to the effective date of this Assignment.
4. Successors and Assigns.
All of the covenants and agreements of Assignor hereinabove contained
shall apply to and bind Assignor and Assignor's officers, directors, partners,
executors, administrators, successors and assigns.
All of the covenants and agreements of Assignee hereinabove contained
shall apply to and bind Assignee and Assignee's officers, directors, partners,
executors, administrators, successors and assigns.
5. Notices.
All notices, demands, requests, consents, approvals or other
communications (for the purposes of this section collectively called "Notices"),
required or permitted to be given hereunder, or which are given with respect to
this Assignment shall be in writing, and shall be given by express mail, Federal
Express. DHL, or other similar form of airborne/overnight delivery service, or
mailing in the United States mail by registered or certified mail, return
receipt requested, postage prepaid, addressed to the appropriate party(ies) as
follows:
To Assignor: Inteflux, Inc.
0000 Xxxxx Xxxxxxx Xxxxxx, Xxxxx 000
Xxxxxxx, Xxxxxxx 00000
To Assignee: Integrated Information Systems, Inc.
0000 Xxxxx Xxxxxxx Xxxxx
Xxxxx, Xxxxxxx 00000
To Landlord: SOFI - IV SIM Office Investors, L.P.
C/o CB Xxxxxxx Xxxxx
0000 Xxxx Xxxxxxxxx Xxxx
Xxxxxxx, XX 00000
Attention: Asset Services
or such other address as the party(ies) shall have specified most recently by
like Notice. Any Notice shall be deemed to have been given upon delivery if made
by express mail, Federal Express, DHL, or any other similar form of airborne or
overnight delivery service, upon actual receipt, or if not received, upon the
third business day following the date mailed, as provided herein. Assignor,
Assignee and Landlord, and their respective counsel, hereby agree that if Notice
is given hereunder by Assignor's or Assignee's counsel, such counsel may
communicate directly with all principals, as required to comply with the
foregoing Notice provisions.
6. Laws and Jurisdiction.
This Assignment shall be governed by, interpreted under, and construed
and enforced in accordance with the laws of the State of Arizona applicable to
agreements made and to be performed wholly within the State of Arizona.
7. Entire Agreement.
This Assignment contains the entire agreement between the parties with
respect to the subject matter hereof and supersedes all prior understandings, if
any, with respect thereto. This Assignment may not be modified, changed or
supplemented, nor may any obligations hereunder be waived, except by written
instrument signed by the party to be charged or by its agent duly authorized in
writing or as otherwise expressly permitted herein. The parties do not intend to
confer any benefit hereunder on any person, firm or corporation, other than the
parties hereto.
8. Waiver.
No waiver of any breach of any agreement or provision herein contained
shall be deemed a waiver of any preceding or succeeding breach thereof, or of
any other agreement or provision herein contained. No extension of time for
performance of any obligations or acts shall be deemed an extension of time for
performance of any other obligations or acts contained herein.
9. Attorneys' Fees.
Should either party institute any action or proceeding to enforce or
interpret this Assignment, or any provision hereof, or for damages by reason of
any alleged breach of this Assignment, or any provision hereof or for a
declaration of rights hereunder, the prevailing party in any such action or
proceeding shall be entitled to receive from the other party all costs and
expenses, including reasonable attorneys' and other fees, incurred by the
prevailing party in connection with such action or proceeding. The term
"attorneys' and other fees" shall mean and include attorneys' fees, accountants'
fees, and any and all other similar fees incurred in the preparation of the
action or proceeding. The term "action" or "proceeding" shall mean and include
actions, proceedings, suits, arbitrations, appeals and other similar
proceedings.
10. Further Agreement.
Assignor and Assignee each agree to do such further acts, deeds and
things and execute and deliver such additional agreements and instruments as the
other may reasonably require to consummate, evidence or confirm the
transaction(s) and/or any other agreement(s) contemplated hereby or contained
herein in the manner contemplated by this Assignment.
11. No Relief From Liability to Landlord.
Notwithstanding anything contained herein to the contrary, Assignor and
Assignee understand that the Assignor shall not be relieved from liability with
respect to the Lease as it pertains to the duties and obligations owed to
Landlord under the terms and conditions of the Lease.
IN WITNESS WHEREOF, this Assignment has been executed by Assignor and
Assignee as of the day and year first written above.
Assignee: Assignor:
Integrated Information Systems, Inc., Inteflux, Inc.
a Delaware corporation an Arizona corporation
By: /s/ Xxxx X. Xxxxxx By: /s/Xxxxxx X. Xxxxxxxx
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Its: VP Its: CEO & shareholder INTEFLUX
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Date: 1-23-2002 Date: 1/24/2002
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The Landlord hereby consents to this Assignment without relieving in any way the
liability of the Assignor under the terms and conditions of the Lease for the
performance of the covenants thereof and without waiver of the restriction
concerning further assignment. The Landlord shall look to the Assignor and
Assignee, jointly and severally, for performance of the Lease.
/s/ Xxxx Xxxxxxx
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Agent for Landlord
By: Xxxx Xxxxxxx
Its: VP
Date: 2-11-2002
