75A - PH - 200 EAST FIRST AMERICAN WAY

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1 - the City grants written consent to transfer the rights, Not shall the rights of Nexus or Geneva Commons hereunder be subject to assignment by attachment, execution, or proceedings under any provision of the Bankruptoy Act, and any such assignment or transfer shall be wholly void and of no force and affect unless suer written consent thereto be obtained fxom the City Council. Such transfer or assignment shall not relieve Nexus or Genova Connnons of any duty, obligation or liability to City without the consent of the City, During the term of this Agreottrent, any approved assignee or transferee of the rights under this Agreement shall observe and perform all of the duties and obligations of Nexus or Geneva Commons contained in this Agreement n such duties and obligations pertain to the Nexus or Geneva Commons. Any and all approved successors and assignecs of Nexus or Geneva Commons shall have all of the same rights, benefits, duties, obligations, acrd liabilities of Nexus or 0eneva Commons under this Agreement, If the Property is subdivided, any subdivided parcel may be sold, mortgaged, bypothecated, assigned, or transferred to pexsons for development by them. Upon assignment or transfer of the rights of Nexus or Geneva Commons under this Agreement, the obligations of the assignor and the transferee or assignee shall be joint and several. IN WITNESS WIMIZE017, the parties hereto bavo executed this Agreement the date and year first above written, SANDPOINTE NEIGHBORHOOD, ASSOCIATION, INC. By ICJ ~-,r Namev Its GS/j91~/? NEXUS DEVELOPMENT CORPORATION/ CENTRAL DIVISION, INC, By Namc Its 12 Ord(nance No. NS-2880 page 9 i of 89 75A-162