TERMINATION OF LEASE VALOR ON 8TH.PDF

TERMINATION OF LEASE
This Termination of Lease (this "Termination") is dated as of August 22, 2018 and is by
and between Valor on Eighth, LLC, a Wisconsin limited liability company ("Lessor") and
Maricopa County, a political subdivision of the State of Arizona ("Lessee").
RECITALS
WHEREAS, Lessor and Lessee entered into that certain Lease Agreement (Lease No. L-
7474) effective as of August 2,2018 (the "Lease") for a portion of the property commonly
known as 1001 E. 8fil Street, Tempe, Arizona 85281, which is more particularly described in the
Lease; and
WHEREAS, Lessor and Lessee desire to terminate the Lease upon and subject to the
terms and conditions hereinafter provided.
AGREEMENTS
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Lessor and Lessee hereby agree as follows:
1. Termination of Lease. The Lease is cancelled and terminated as of the date this
Termination is last executed below (the "Effective Date").
2. Mutual Release_ As of the Effective Date, each party does hereby, on behalf of
itself, and its respective successors and assigns, release, acquit, and forever discharge the other,
and their respective agents, principals, members, directors, officers, employees, successors and
assigns, and each of them, and anyone else, and any other entity, whether specifically or generally
designated, from any and all actions, claims, demands, causes of action, damages, property
damages, punitive damages, costs, expenses, and any liability of any kind or nature whatsoever,
known and unknown which the undersigned now have, claim or assert, or might or could hereafter
have, claim, or assert against the other as a result of, growing out of, or in any manner connected
with any and all of the facts or events relating to the Lease. The parties agree that neither party
owes any costs or expenses of any kind under the Lease to the other party, and each party shall
pay for their own costs and expenses under the Lease.
3. Binding Agreement. This Termination shall be binding upon and inure to the
benefit of the parties hereto, their respective successors and assigns.
4. Counterpart Copies. This Termination may be executed in one or more
counterparts, each of which shall be deemed an original and all such counterparts shall constitute
a single instrument. The parties agree that a facsimile or electronic signature of a party hereto
shall be deemed to be as legally effective and binding as a signed original.
5. Authority. Lessor warrants that the individual signing this Termination on Lessor's
behalf is duly authorized to sign on behalf of and to bind Lessor. Lessee warrants the individual
signing this Termination on Lessee's behalf is duly authorized to sign on behalf of and to bind
Lessee.
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IN WITNESS WHEREOF, the undersigned have executed this Termination as of the
date(s) below.
LESSOR:
Valor on Eighth, LLC, a Wisconsin limited liability company
By: Valor on Eighth MM, LLC, a Wisconsin limited liability company, its Managing Member
By: GEC VOE, LLC, a Wisconsin limited liability company, its Manager
By: Gorman Holdings, Inc., a Wisconsin corporation, its Manager
By: _
Brian Swanton, Authorized Agent
Date: , 2018
LESSEE:
Maricopa County
Steve Chucri Date
Chairman, Board of Supervisors
ATTEST:
Clerk of the Board Date
APPROVED AS TO FORM:
Deputy County Attorney Date
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