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Sample Business Contracts

California-Sunnyvale-100/150 Mathilda Place Assignment Agreement - Handspring Facility Co. and M-F Downtown Sunnyvale LLC

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                              ASSIGNMENT AGREEMENT

        THIS ASSIGNMENT AGREEMENT (this "Assignment") is entered into as of
January 29, 2003, by HANDSPRING FACILITY COMPANY, a Delaware limited liability
company ("Assignor") for the benefit of M-F DOWNTOWN SUNNYVALE, LLC, a Delaware
limited liability company ("Assignee").

        For valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, Assignor hereby assigns, transfers and conveys to Assignee
(1) all of Assignor's right, title and interest, in and to all reports, plans,
specifications, drawings, renderings, permits, approvals or maps related to the
property ("Building 2 Parcel") or the improvements ("Building 2 Improvements")
located at 150 Mathilda Place, Sunnyvale, California, (2) all warranties,
guaranties and indemnities relating or pertaining to the Building 2 Parcel
and/or the Building 2 Improvements, whether those warranties, guaranties and
indemnities are express or implied, and all similar rights which Assignor may
have against any manufacturer, supplier, seller, engineer, contractor or
builder, in respect of the Building 2 Parcel or the Building 2 Improvements, (3)
the right to use, enjoy and enforce, in common with Assignor, all reports,
plans, specifications, drawings, renderings, permits, approvals or maps related
to the property ("Building 3 Parcel") or the improvements ("Building 3
Improvements") located at 100 Mathilda Place, Sunnyvale, California, (4) the
right to use, enjoy and enforce, in common with Assignor, all warranties,
guaranties and indemnities relating or pertaining to the Building 3 Parcel
and/or the Building 3 Improvements, whether those warranties, guaranties and
indemnities are express or implied, and all similar rights which Assignor may
have against any manufacturer, supplier, seller, engineer, contractor or
builder, in respect of the Building 3 Parcel or the Building 3 Improvements, and
(5) all building materials and supplies acquired for the purpose of
incorporation into the Building 2 Parcel, the Building 3 Parcel, the Building 2
Improvements and/or the Building 3 Improvements wherever stored. Assignor
covenants and agrees to cooperate with Assignee in connection with Assignee's
use, enjoyment or enforcement of any reports, plans, specifications, drawings,
renderings, permits, approvals, maps, warranties, guaranties and/or indemnities
relating or pertaining to the Building 3 Parcel or the Building 3 Improvements.

         This Assignment shall be governed by and construed in accordance with
the laws of the State of California.

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<PAGE>
        IN WITNESS WHEREOF, Assignor has executed this Assignment as of the day
and year first above written.

                                      ASSIGNOR:

                                      HANDSPRING FACILITY COMPANY,
                                      LLC, a Delaware limited liability company

                                      By:    Handspring, Inc., a Delaware
                                             corporation, its Managing Member

                                             By:    _____________________
                                                    _____________________
                                                    Its ______________


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