11A - SECOND READ - 200 EAST FIRST AMERICAN WAY

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I _ Ole City grants written consent to transfer the rights. Nor shall the rights of Nexus or Geneva Commons hereunder be subject to assignment by attachment, execution, or proceedings under any provision of the Bankruptcy Act, and any such assignment or transfer shall be wholly void and of no force and affect unless inch written consent thereto be obtained from the City Council. Such transfer or assignment shall not relieve Nexus or Geneva Conrrnons of any duty, obligation or liability to City without the consent of the City. During the term of this Agreement, 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 as such duties and obligations pertain, to the Nexus or Geneva Commous. Any and all approved successors and assignees of Nexus or Genova Coomnons shall have all of the same rights, benefits, duties, obligations, and liabilities of Nexus or Geneva Commons under this Agreement. If the Property is subdivided, any subdivided parcel may be sold, mortgaged, hypothecated, assigned, or transferred to persons for development by there. 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 WHEREOP, the parties hereto have executed this Agreement the date and year first above written. SANDPOINTE NEIGHBORHOOD, ASSOCIATION, INC. By~ Name Its ,llr A/ ~ . NEXUS DEVEL OPMFNT CORPORATION/ CENTRAL DIVISION, INC. By Name Its 12 Ordinance No. NS-2884 Page 4 l 'of 81 11 A-45