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Employer's Current Estimated Vera <br /> Estimated breakdown of Start-up Expenses Start-Up Estimate Start-Up <br /> Expenses (as of 11/18) Expenses <br /> Staffing costs: hiring, training, moving $101,600 $65,100 ($36,500) <br /> Estimated sign-on bonuses $34,000 $0 ($34,000) <br /> Technology setup costs $17,550 $4,845 ($12,705) <br /> Initial engagement/marketing costs $5,300 $5,062 ($238) <br /> Subtotal $158,450 $75,007 ($83,443) <br /> Equipment, signage, furniture, supplies $80,000 $155,099 $75,099 <br /> Subtotal before Tenant Improvements $238,450 $230,106 ($8,344) <br /> Estimated sq. ft. required 4093 4093 <br /> Estimated per sq. ft. conversion costs $235 $365 <br /> Tenant Improvements estimate $961,855 $1,493,054 $531,199 <br /> Total Start-up Expenses(rounded) $1,200,000 $1,723,000 $523,000 <br /> The parties agree Employer will reimburse Vera for the Employer's Start-Up Expenses <br /> (up to $1,200,000), regardless of what category of expense in the table above that the <br /> Employer's Start-Up Expenses derive from. <br /> 5. Section F.1 of Schedule 3. Section F.1 of Schedule 3 to the Agreement is hereby <br /> amended and restated in its entirety to read as follows: <br /> 1. "Adding Another Anchor Employer. If Vera or Employer want to add another <br /> employer as an additional anchor employer to the Clinic(an"Additional Anchor"), <br /> then such party will deliver a written proposal to the other party. The other party <br /> may consent or not consent to the proposal at its sole discretion. If the proposal <br /> appears acceptable, the parties will then negotiate in good faith an amendment to <br /> this Agreement (or a new agreement or a separate side agreement, as appropriate) <br /> to add the Additional Anchor. This amendment or agreement will cover, among <br /> other items,the adjustments to staffing and impact on Fees to Employer. Employer <br /> acknowledges that an Additional Anchor will not contribute any payment toward <br /> Employer's Start-Up Expenses unless Vera's Start-Up Expenses have first been <br /> reimbursed to Vera.. The final amendment or agreement must be approved by the <br /> Everett City Council, which has sole discretion to approve or not approve." <br /> All other portions of Section F of the Agreement are unchanged and remain in full force and effect. <br /> 6. Lease Amendment. The City and Vera will execute a Lease amendment in the form <br /> attached as Exhibit A. <br /> 5 <br />