ASSIGNMENT AND ASSUMPTION OF LEASE
The parties agree as follows:
Date: As Of May 31, 1995
Parties: Assignor: London Fog Corporation
Address: 8 West 40Th Street
New York, NY 10018
Assignee: London Fog Industries, Inc.
1332 Londontown Boulevard, Eldersburg, Maryland 21784
If there are more than one Assignor or Assignee, the words "Assignor"
and "Assignee" shall include them.
Assigned:
lease The Lease which is assigned herein is indentified as follows:
Landlord 40Th Associates
Tenant London Fog Corporation
Date May 4, 1994 Premises: Floors 11,12,15,18,19,20,21 And
* As Amended Mezzanine at 8 West 40Th Street
New York, NY 10018
Consideration: Assignor has received One ($1.00) dollars and other good and
valuable consideration for this Assignment.
Assignment: Assignor assigns to the Assignee all the Assignor's right, title
and interest in a) the Lease and b) the security deposit, if any,
stated in the Lease.
Assumption: Assignee agrees to pay the rent promptly and perform all of the
terms of the Lease as of the date of this Assignment. Assignee
assumes full responsibility for the Lease as if Assignee signed
the Lease originally as Tenant.
Indemnity: Assignee agrees to indemnify and hold Assignor harmless from any
legal actions, damages and expenses including legal fees that the
Assignor may incur arising out of the Lease.
Benefit to
landlord: Assignee agrees that the obligations assumed shall benefit the
landlord named in the Lease as well as the Assignor.
Assignor's
statements: Assignor states that Assignor has the right to assign this Lease
and that the premises are free and clear of any judgements,
executions, liens, taxes and assessments.
Assignee's
statement: Assignee states that Assignee has read the Lease and has received
the original or an exact copy of the Lease.
Successors: This assignment is binding on all parties who lawfully succeed to
the rights or take the place of the Assignor or Assignee.
Margin
Headings: The margin headings are for convenience only.
Signatures: The Assignor and Assignee have signed this Assignment as of the
date at the top of the first page.
ASSIGNOR
London Fog Corporation
By:/s/ C. William Crain, President
---------------------------------
Witness ASSIGNEE
/s/ London Fog Industries, Inc.
- ---------------------------------- By:/s/ C. William Crain, President
Secretary ---------------------------------
STATE OF
COUNTY OF
On the day of 19 , before me personally came
to me known to be the individual described in and who executed the foregoing
instrument, and acknowledged that executed the same.
STATE OF NEW YORK
COUNTY OF NEW YORK
On the 6th day of July 1995 , before me personally came C. William Crain to me
known who, being by me duly sworn, did depose and say that he resides at No. 10
Nutmeg Drive, Greenwich, CT; that he is the President and COO of London Fog
Corporation and London Fog Industries, the corporations described in and which
executed the foregoing instrument; that he knows the seal of said corporation;
that the seal affixed to said instrument is such corporate seal; that it was so
affixed by order of the board of directors of said corporation, and that he
signed his name thereto by like order.
/s/ RICHARD I. JANVEY
---------------------
RICHARD I. JANVEY
NOTARY PUBLIC, State of New York
NO. 31-4650223
Qualified in New York County
Commission Expires August 31, 1995
STATE OF NEW YORK
COUNTY OF NEW YORK
On the 6th day of July 1995 , before me personally came Stuart B. Fisher the
subscribing witness to the foregoing instrument, with whom I am personally
acquainted, who, being by me duly sworn, did depose and say that he resides at
No. 285 Riverside Drive, New York, NY; that he knows C. William Crain to be the
individual described in and who executed the foregoing instrument; that he, said
subscribing witness, was present and saw execute the same; and that he, said
witness, at the same time subscribed his name as witness thereto.
/s/ RICHARD I. JANVEY
---------------------
RICHARD I. JANVEY
NOTARY PUBLIC, State of New York
NO. 31-4650223
Qualified in New York County
Commission Expires August 31, 1995