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Therefore, in consideration of the promises, covenants and agreements hereinafter set forth, and <br />subject to the terms, conditions and provisions of this ASA, the Parties agree as follows: <br />1. Consideration <br />a. City agrees to pay Tenant, in accordance with the disbursement schedule referenced in section <br />1(c)(d)(e) & (f), below, the total sum of ONE HUNDRED FIVE THOUSAND FOUR <br />HUNDRED SEVEN AND NO/100 DOLLARS ($105,407.00) as full compensation for <br />any and all relocation assistance and other relocation and/or displacement benefits to <br />which Tenant is or may be entitled, including, but not limited to, compensation for any and <br />all loss of business goodwill (if any), leasehold interests, personal property, improvements <br />pertaining to realty, bonus value (if any), severance damages (if any), and any and all other <br />damages to which Tenant is or may be entitled to as a result of City's acquisition of the <br />Acquired Property for the Project. <br />b. Tenant agrees to assign a portion of the compensation described in Section 1(a), above, to <br />Landlord, which Landlord agrees shall be used exclusively for the purchase, construction and <br />installation of Tenant improvements and trade fixtures to Tenant's unit within Replacement <br />Structure. The total amount of compensation being assigned by Tenant to Landlord under this <br />ASA is SIXTY FOUR THOUSAND TWO HUNDRED FIFTY AND NO/100 DOLLARS <br />($64,250.00). As consideration for said assignment of compensation, Landlord agrees to <br />provide the following Tenant improvements to Tenant's unit in the Replacement Structure: <br />HVAC, lights, T Bar ceiling, insulation at ceiling, standard number of electrical outlets, <br />flooring, one bathroom that meets Americans with Disabilities Act standards, phone jacks in <br />number sufficient to operate Tenant's current equipment, finish painted interior walls, carpet <br />and base, interior framing and drywall, interior doors, and soft costs such as contingency, <br />builder overhead and profit, zoning and associated permit fees and architectural and <br />engineering fees. <br />Tenant agrees it bears sole financial responsibility for the following: (1) to move its personal <br />property from the Property to the Replacement Structure, (2) for the disconnection, move and <br />reconnection of all fixtures and equipment from the Property to the Replacement Structure, <br />including the reinstallation of racks and displays installation of telephone system, and (3) any <br />electrical requirements in the Replacement Structure that are in addition to standard electrical <br />service. <br />c. Upon execution of (1) this ASA and (2) a valid and enforceable lease between Tenant and <br />Landlord for Tenant's occupancy of the Replacement Structure, City agrees to process an <br />initial payment to Tenant in the amount of TEN THOUSAND TWO HUNDRED <br />EIGHTY NINE AND 25/100 DOLLARS ($10,289.25) and to Landlord in the amount of <br />SIXTEEN THOUSAND SIXTY TWO AND 50/100 DOLLARS ($16,062.50). Tenant <br />and Landlord shall first provide to City a copy of the documents referenced in this Section <br />before City is obligated to process payment(s) hereunder. <br />d. Upon verification by City that architectural plans for the Replacement Structure have been <br />approved by City's Planning and Building Agency, City will process a second payment to <br />Acquisition Settlement Agreement <br />Pale 2 of 8 <br />Tenant's Initials Landlord's Initials c ~~ . <br />