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Property Tax Exemption (the"Everett Code"). The assignment and assumption described in this <br /> Section 1(a) and(b)is referred to herein as the"Assignment and Assumption." <br /> (c) The City hereby consents to the Assignment and Assumption and <br /> acknowledges that its agreements in the Exemption Agreement and the Certificate from and after <br /> the Effective Date shall accrue to the benefit of Assignee directly. <br /> 2. Miscellaneous. <br /> (a) Except as expressly provided in this Assignment, every term, condition, <br /> requirement and deadline in the Exemption Agreement and the Certificate remain unchanged and <br /> in full force and effect. <br /> (b) This Assignment will be governed by and construed in accordance with <br /> the laws of the State of Washington. <br /> (c) This Assignment may be executed in counterparts, which may be <br /> transmitted electronically, each of which shall constitute one instrument. The parties intend to be <br /> bound by authenticated electronic signatures. <br /> [SIGNATURE PAGE FOLLOWS] <br /> ASSIGNMENT AND ASSUMPTION OF EXEMPTION AGREEMENT <br /> 2 <br />