SEC Contract Filing

Filing Date: 2019-10-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_160555.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;"><b>Exhibit 10.1</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>ASSIGNMENT AND</b><b> </b><b>ASSUMPTION</b><b> </b><b>OF</b><b> </b><b>LEASE</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>THIS</b><b> </b><b>ASSIGNMENT</b><b> </b><b>AND</b><b> </b><b>A</b><b>S</b><b>SUMPTION</b><b> </b><b>OF</b><b> </b><b>LEASE</b> (this &#8220;<u><b>As</b></u><u><b>s</b></u><u><b>ignment</b></u>&#8221;) is entered into this <u>24th</u> of September, 2019, by and between <b>U</b><b>.</b><b>S.</b><b> </b><b>STEM</b><b> </b><b>CELL,</b><b> </b><b>IN</b><b>C</b><b>.</b>, a Florida corporation, (&#8220;<u><b>Assignor</b></u>&#8221;), <b>AMERICAN</b><b> </b><b>CELL</b><b> </b><b>TECHNOLOGY</b><b> </b><b>LLC</b>, a Florida limited liability company (&#8220;<u>Assignee</u>&#8221;) and is joined by <b>SAWGRASS</b><b> </b><b>BUSINESS</b><b> </b><b>PLAZA,</b><b> </b><b>LLC</b>, a Florida limited liability company (&#8220;<u><b>Landlord</b></u>&#8221;) solely for purposes of providing its consent to the assignment and assumption of lease set forth herein.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>WHERE</b><b>AS</b>, Landlord and Assignor, as tenant, entered into that certain Office Lease. dated February 4, 2016 (&#8220;<u><b>O</b></u><u><b>rigina</b></u><u><b>l</b></u><u><b> </b></u><u><b>Leas</b></u><u><b>e</b></u>&#8221;), as amended by that certain First Amendment to Lease between Landlord and Assignor, and joined by Assignor's equipment lessor, GACP Stem Cell Bank LLC (&#8220;<u><b>E</b></u><u><b>quip</b></u><u><b>ment</b></u><u><b> </b></u><u><b>Lessor</b></u>&#8221;), dated November 17, 2017 (&#8220;<b>First</b><b> </b><b>Amendment</b>&#8221;), as further amended by that certain Second Amendment to Lease between Landlord and Assignor; dated April 23, 2019 (&#8220;<u><b>Second</b></u><u> </u><u><b>Amendment</b></u>&#8221;), with respect to that certain premises located at 13794 NW 4th Street, Suites 211-213, Sunrise, FL 33325. The Original Lease, First Amendment and Second Amendment shall be collectively referred to herein as the &#8220;<u><b>Le</b></u><u><b>as</b></u><u><b>e</b></u>.&#8221; A copy of said Lease is attached hereto as<i> </i>Exhibit &#8220;A&#8221; and is incorporated herein by this reference;</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>WHEREAS</b>, Assignor desires to assign and transfer all of its rights, title, obligations and interests in and to the Lease to Assignee, subject to the terms and conditions set forth in this Assignment, and Assignee desires to assume and acquire all of Assignor's rights, title, obligations and interests in and to the Lease, subject to the terms and conditions set forth in this Assignment; and</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>WHEREAS</b>, Landlord desires to provide its consent to such assignment, subject to the terms and conditions set forth in this Assignment;</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>NOW</b> <b>THEREFORE</b>, for good and valuable consideration, the receipt and adequacy of which is hereby acknowledged. the parties agree as follows:</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Recitals</u>. The above-mentioned recitals are true, correct and incorporated herein by this reference.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">2.&nbsp; &nbsp; &nbsp;<u>As</u><u>s</u><u>ignment</u><u> </u><u>and</u><u> </u><u>Assumption</u><u> </u><u>of</u><u> </u><u>Lease</u>. Effective as of <u>September 1, 2019</u>&nbsp;(&#8220;<u><b>Commencement D</b></u><u><b>a</b></u><u><b>t</b></u><u><b>e</b></u>&#8221;), Assignor hereby transfers, assigns and conveys to Assignee, all of Assignor 's rights, title, obligations and interests in and to the Lease. Effective on the Commencement Date, Assignee hereby assumes and accepts the