Assumption of Lease Agreement between Cardiovascular Systems, Inc. and SHMAEL 9450 Investors LLC

Summary

Cardiovascular Systems, Inc. agrees to take over all obligations and responsibilities under a lease originally held by Replidyne, Inc. with SHMAEL 9450 Investors LLC. This transfer is part of a business merger involving Replidyne and Cardiovascular Systems, Inc. The agreement ensures that Cardiovascular Systems, Inc. will fulfill all terms and conditions of the original lease. The lessor, SHMAEL 9450 Investors LLC, acknowledges and accepts this assumption of the lease.

EX-10.11 5 c51274exv10w11.htm EX-10.11 EX-10.11

Exhibit 10.11

ASSUMPTION OF LEASE

Reference is made to the Lease between Triumph 1450 LLC (the “Lessor”) and Replidyne, Inc. (“Replidyne”), dated as of October 25, 2005, as amended August 25, 2006 (the “Lease”). In connection with the business combination transaction contemplated by that certain Agreement and Plan of Merger and Reorganization by and among Replidyne, Responder Merger Sub, Inc. and Cardiovascular Systems, Inc., a Minnesota corporation, dated as of November 3, 2008, and effective as of February 25, 2009, Cardiovascular Systems, Inc., a Delaware corporation (the “Company”), hereby assumes all of Replidyne’s obligations under the Lease and agrees to perform all of the covenants and conditions of the Lease required of Replidyne as set forth therein. This Assumption of Lease is being provided to Lessor pursuant to the terms of Section 12.2(a) of the Lease.


	COMPANY: CARDIOVASCULAR SYSTEMS, INC.
Dated: 3/19/09	By:	/s/ James E. Flaherty
		Name:	James E. Flaherty
		Its: Chief Administrative Officer

The undersigned Lessor hereby acknowledges the foregoing Assumption of Lease.


	LESSOR: SHMAEL 9450 INVESTORS LLC
Dated: 3/23/09	By:	/s/ Jay D. Matthes
		Name:	Jay D. Matthes
		Its: Authorized Signatory