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the City grants written consent to transfer tho rights, Not shall the rights of Nexus or Genova <br />Commons hereunder be Subject to assignment by attachment, execution, or proceedings under <br />any provision of the Bankruptcy Act, mid any such assignment or transfer shall be wholly void <br />and of no force and effect unless such written consent thereto be obtained from the City C0111100. <br />Such transfer or assignment shall not relieve Nexus or Geneva Commons of any duty, obligation <br />or liability to City without the consent of the City. <br />During the term of this Agreement, any approved assignee or transferee of the <br />rights under this Agreement shall observe and perform all of the duties and obligations of Nexus <br />or Geneva Commons contained in this Agreement as such duties and obligations pertain to the <br />Nexus or Geneva Commons. Any and all approved successors and assignees of Nexus or <br />Genova Commons shall have all of the same rights, benefits, duties, obligations, and liabilities of <br />Nexus or Geneva Commons under this Agreement, If the Property is subdivided, any subdivided <br />parcel may be sold, mortgaged, hypothecated, assigned, or transferred to persons for <br />development by them. Upon assignment or transfer of the rights of Nexus or Geneva Commons <br />under this Agreement, the obligations of the assignor and the transferee or assignee, shall be joint <br />and several. <br />IN WITNESS'WHERHOP, the parties hereto have executed this Agreement the date and <br />year first above written. <br />SANDPOINTE N1110H1 ORHOOD, <br />ASSOCIATION, INC. <br />By <br />Name <br />its <br />NEXUS DEVELOPMENT CORPORATION/ <br />CBNTRAL DMS1ON, INC. <br />Name <br />Its <br />Ordinance No. NS -2680 12 <br />Page 42 of 61 <br />75A -103 <br />