75A - PH - 200 EAST FIRST AMERICAN WAY

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i . the City grants written consent to transfer the, rights, Nor shall the rights of Nexus or C3eneva 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 such written consent thereto be obtained from the City Councii. Such, transfer or assignment shall not relieve Nexus or Geneva Commons 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 Commons, Any and all approved successors and assignees of Nexus or Geneva Commons shall have all of the some rights, benefits, duties, obligations, and liabilities of Nexus or Geiteva 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 them. Upon assignment or transfer of the rights of Nexus or Ocnava Commons under this Agreement, the obligations of the assignor and the transferee or assignee shall be joint and several. IN WITNMS WHEREOF, the parties hereto have executed this Agreement the date and year first above written, I SANDPOINTE NEIGHBORHOOD, ASSOCIATION, INC. By ~CJI'L~ Name Its NEXUS DEVELOPMENT CORPORATION/ CENTRAL DIVISION, INC, By Name Its t2 Ordinance No. NS-2eeo Paso 410 61 75A-1 02