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Charlotte E. Walker 1/9/2026
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Charlotte E. Walker 1/9/2026
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Last modified
2/4/2026 4:23:30 PM
Creation date
2/4/2026 4:14:08 PM
Metadata
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Template:
Contracts
Contractor's Name
Charlotte E. Walker
Approval Date
1/9/2026
Council Approval Date
10/29/2025
Department
Facilities & Property Management
Department Project Manager
Paul McKee
Subject / Project Title
Lease Assignment and Assumption associated with purchase of 3310 Paine Avenue
Tracking Number
0005102
Total Compensation
$0.00
Contract Type
Real Property
Contract Subtype
Other Real Property
Retention Period
10 Years Then Transfer to State Archivist
Imported from EPIC
No
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Exhibit A to Lease Assignment and Assumption <br />of a Commercial Purchase and Sale Agreement containing the terms acceptable to Landlord. Tenant <br />shall have sixty (60) days following receipt of the Offer Notice to elect, by written notice to <br />Landlord, either (i) to purchase the Property at the Offered. Price and under the offered terms, or (ii) <br />to permit Landlord to sell the Property to the third party. If Tenant fails to timely notify Landlord of <br />its election to purchase the Property, Tenant shall be conclusively deemed to have elected to permit <br />Landlord to sell the Property. Further, Tenant agrees that Landlord shall be considered to have sold <br />the Premises for the same price previously offered to the Tenant if the Purchase Price is within 10% <br />of the Purchase Price originally determined by the Landlord offered to the Tenant. If Tenant elects <br />to purchase the Property at the Offered Price (i) Tenant shall purchase the Property in "as is" <br />condition, and (ii) a closing of the purchase and sale shall occur sixty (60) days after Tenant elects <br />to purchase. <br />5. Tenant Notice Address. Tenant's notice address is: Consolidated Electrical <br />Distributors Inc_ 1920 Westridge Dr., Irving, TX 75038, Attn: Real Estate Department, Ph: 972-582- <br />5450; Fax: 972-793-0510; Email: reaiestate(r. ced.corn. <br />6. Confirmation_ Landlord and Tenant hereby agree that, as of the Effective Date of this <br />Second Amendment, both parties have dutifully fulfilled all of their respective obligations due under <br />the Lease as amended thereto and neither party is in default thereunder. All other provisions, <br />conditions and agreement contained and referred to in said Lease and the First Amendment, except <br />to the extent modified herein, shall remain in full force and effect. <br />7. CountetparksiEleetronic signatures. This Second Lease Amendment and Extension <br />may be executed in multiple counterparts, each of which shall be considered an original, but all of <br />which shall constitute one and the same agreement. The signature of a party transmitted electronically <br />(e.g., esignature) by facsimile, or PDF shall constitute and have the same force and effect as the <br />original signature of the party. Following execution, either party may request an ink copy of the other <br />party's signature. A PDF (or similar image file format) of this Second Lease Amendment and <br />Extension (whether signed electronically or in ink) shall be considered to be the original agreement <br />for all purposes. <br />8. Reaffirmation .Q,Lmt .and F .. Lease Amendment and Egenlion. All other <br />provisions, conditions and agreements contained and referred to in the COMMERCIAL LEASE <br />having an effective date of January I, 2013, the FIRST LEASE AMENDMENT AND EXTENSION, <br />having an effective date of January 1, 2019, except to the extent modified herein shall remain in full <br />force and effect. <br />[-TOM WALKER and CHARLOTTE <br />WALKER, husband and. wiles.; <br />By: <br />By: <br />hotte Walker <br />Date: <br />( CONSOLIDATED ELECTRIC <br />DISTRIBUTORS, INC., a Delaware corporation <br />By: <br />Jeremy M &id <br />Real Estate Manager <br />Date: Z. <br />GPC11629810003101148580.v 1 <br />
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