EXHIBIT 10.11

 

STATE OF SOUTH CAROLINA                                                  )      
  LEASE ASSIGNMENT AGREEMENT COUNTY OF CHARLESTON
                                                    )    

 

This Lease Assignment Agreement is made and entered into this 29th day of
December, 2003, by and between Information Systems Support (hereinafter referred
to as “ISS”) and SAFLINK Corporation, Inc. (hereinafter referred to as
“SAFLINK”);

 

WHEREAS, ISS entered into a Lease Agreement dated January 15, 1999, amended on
December 2, 1999 (Lease Amendment #1) and letter dated May 2, 2003 hereinafter
referred to collectively as “Lease” with South Carolina Research Authority,
hereinafter “Landlord”, wherein Landlord agreed to lease to ISS 4,484 rentable
square feet in the premises identified as Suite C203 for a term of five years
ending on February 24, 2005 with an monthly rent effective June 1, 2003 of
$7241.66, in the Trident Research Center (the “Premises”), which Lease is
attached hereto as Exhibit “A” and made part hereof, and:

 

WHEREAS, ISS is desirous of conveying its rights and interest under the Lease to
SAFLINK, and

 

WHEREAS, SAFLINK desires to receive the rights and interests to assume the
liabilities under the Lease and to perform all of the covenants and conditions
contained in the Lease; and

 

WHEREAS, the Lease expressly prohibits the assignment of the Lease or subletting
of the premises without the express written consent of Landlord; and

 

WHEREAS, Landlord is unwilling to give its consent to the assignment of the
Lease unless SAFLINK shall assume all of the obligations heretofore imposed by
the Lease upon ISS, and further Landlord is unwilling to allow for a novation of
the Lease;

 

NOW, THEREFORE, in consideration of the promises and mutual covenants contained
herein, and other good and valuable consideration, the parties as follows:

 

1. Assignment. ISS assigns all of its rights and interest under the Lease to
SAFLINK, effective upon the date of the signing of this Agreement.

 

2. Assumption: SAFLINK expressly assumes the terms and conditions of the Lease
that arise following the date of this Agreement and agrees to perform all
covenants, conditions, duties and obligations contained therein that arise
following the date of this Agreement and agrees to pay all obligations evidenced
thereby in a prompt and timely manner in accordance with the terms thereof, all
with full force and effect as if SAFLINK had signed the Lease originally as the
tenant named therein. SAFLINK is not assuming any of the obligations or
liabilities of ISS under the Lease that arose prior to the date of this
Agreement and ISS shall remain solely responsible for all such obligations and
liabilities.

 

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3. Consent to Assignment: Landlord hereby consents to the assignment of the
Lease to SAFLINK. Landlord expressly reserves the right to retain ISS liable
under the terms of the Lease and specifically states that said assignment and
assumption do not constitute a novation of the Lease.

 

4. Governing Law: This agreement shall be governed by and construed in
accordance with the laws of the State of South Carolina.

 

5. Paragraph Headings: The paragraph headings used herein are for convenience
reference only and shall not be used in the interpretation or construction
hereof.

 

IN WITNESS WHEREOF, the parties have hereto set their respective hands and seals
on the date below:

 

WITNESSES:

     

SAFLINK Corporation

            By:        

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                              Its:  

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WITNESSES:

     

Information Systems Support, Inc.

            By:        

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            Its:        

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Consent of Landlord

 

Now comes South Carolina Research Authority, by its Vice President, and hereby
consents to the assignment of rights from Information Systems Support, Inc. to
SAFLINK Corporation under the Lease Agreement dated January 15, 1999 and
Amendments thereto. This assignment of rights shall not be considered a novation
of the Lease as and between South Carolina Research Authority and Information
Systems Support, Inc.

 

Dated this 29th day of December, 2003.

 

WITNESSES:

     

South Carolina Research Authority

    /s/ Debi Curry       By:   [Signature illegible]    

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            Its:   Vice President    

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