Tim Cummings, Director of Economic Development
City Hall - Economic Development Office
229 Main Street/P.O. Box 2019
Nashua, New Hampshire 03061
cum inesteenashuanh. cov
4, Effect of Exercise of Option. In addition to forwarding the City the Notice of
Exercise pursuant to Section 3 above, Harbor Homes shall execute and deliver to the City (at the
same address) an original of the Lease Agreement in the form of Exhibit A attached. Upon its
receipt of the Notice of Exercise, the City shall cause the Lease Agreement to be duly executed
and return an original of the same to Harbor Homes within fifteen (15) days of the City’s receipt.
Upon execution of the Lease Agreement by the City, the Lease Agreement shall be in effect,
5. Law. This Option Agreement is governed by the law of the State of New
Hampshire.
6. No Other Leases. During the term of this Option Agreement, and during the term
of the Lease Agreement (if entered into), the City shall not lease any of the Parking Spaces to any
person or entity, other than Harbor Homes, for the hours reserved to Harbor Homes (7:00 a.m. to
7:00 p.m.).
7. Representations. Harbor Homes makes the following representations and
warranties to the City:
(i) Harbor Homes has the legal right, power and authority to enter into this
Option Agreement and to perform all of its obligations hereunder.
(ti) The execution and delivery of this Option Agreement and the performance
by Harbor Homes of its obligations hereunder will not conflict with, or
result in a breach of, any of the terms, covenants and provisions of any
agreement or instrument to which Harbor Homes is a party or by which
Harbor Homes ts bound.
(iii) No consent, approval, waiver, authorization or novation is required to be
obtained by Harbor Homes from, and no notice or filing is required to be
given by Harbor Homes to, any governmental entity or other person or
entity in connection with the consummation of the transactions
contemplated hereby or the execution, delivery and performance by
Harbor Homes of this Option Agreement and each of the documents to be
executed by Harbor Homes pursuant to this Option Agreement.
8. Counterparts. This Option Agreement may be executed in multiple counterparts,
all of which taken together shall constitute a single agreement.
9, Successors and Assigns. Harbor Homes may assign its rights, duties and
obligations hereunder prior to the end of the term of this Option Agreement, and during the term
of the Lease Agreement (if entered Into) to an entity under common control with Harbor Homes.
No other assignment shall be permitted without the City’s consent, which consent may be
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