THIS LEASE ASSIGNMENT AGREEMENT ("Assignment") is entered into on 27 December 2024

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the "Assignor")

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the "Assignee")

(3)            PARTY_3_NAME whose principal place of business is at PARTY_3_ADDRESS_SINGLE_LINE (the "Counterparty")

Whereas

(A) Assignor and Counterparty entered into a lease agreement dated DATE  for the premises located at PREMISES (the "Agreement").

(B) The Assignor is the current lessee of the Premises and intends to assign and transfer the Agreement to the Assignee upon the terms set out below.

(C) The Assignor wishes to be released and discharged from the Agreement and the parties have agreed to the assignment of the Agreement and to the substitution of Assignee as a party to the Agreement in place of Assignor.

It is agreed

1. Assignment

1.1 In consideration of the mutual undertakings contained in this Agreement, and with effect from the date of this Assignment (the Assignment Date):

(a) the Assignor hereby assigns and transfers to the Assignee all the Assignor's right, title, benefit and interest to, in and under the Agreement to hold the same unto the Assignee absolutely, free and clear of all mortgages, charges, pledges, liens, trusts, claims and other interests.

(b) Assignee undertakes  to accept, observe, perform and discharge all the liabilities and obligations as an Assignor under the Agreement in substitution for the Assignor; and