CONTRACT 4723C Amendment CLOSEDAgreement No. 4723C
THIRD AMENDMENT TO AGREEMENT NO. 4723
BETWEEN THE CITY OF EL SEGUNDO
AND LIBRARY ASSOCIATES, LLC (d /b /a LAC GROUP)
Assignment ignment and Assurri tign r err�ent with l g tioLrt
mm -hbs Assignment and Assumption with ("Agreement") rated as of
June Effective Date"), s b y and among LACGr�p (ssg rin g hary ")
Library
Associates LLC ( "Assuming Party "), and City of El Segundo ( "Remaining Party").
WHEREAS, Assigning Party desires to assign to Assuming Party all of the rights and
delegate to Assuming Party all of its obligations under Professional Services Agreement #4723
dated December 1, 2014 between the City of El Segundo and Library Associates, Inc. (d /b /a
LAC Group), as well as Purchase Order # 61 -00435 dated December 16, 2014 and any
revisions and amendments thereof between Assigning Party and Remaining Party,
WHEREAS, Assuming Party desires to accept such assignment of rights and delegation
of obligations under the Assigned Agreement, and
WHEREAS, Remaining Party desires to release Assigning Party from its obligations
under the Assigned Agreement and substitute Assuming Party as a party to the Assigned
Agreement in Assigning Party's place.
NOW, THEREFORE, in consideration of the mutual covenants, terms and conditions set
forth herein, and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledge, the parties agree as follows:
1. Assi nment and Assure firm, Assigning Party irrevocably (a) assigns to Assuming
Party all of its rights under the Assigned Agreement and (b) delegates to Assuming Party all of
its obligations under the Assigned Agreement. Assuming Party accepts all of Assigning Party's
rights and obligations in, to and under the Assigned Agreement, and assumes and agrees to be
bound by, fulfill, perform and discharge all of the liabilities, obligations, duties and covenants
under or arising out of the Assigned Agreement.
2. Novation. The parties intend that this Agreement constitutes a novation.
Remaining Party recognizes Assuming Party as Assigning Party's successor -in- interest in and
to the Assigned Agreement. Assuming Party by this Agreement becomes entitled to all right,
title and interest of Assigning Party in and to the Assigned Agreement in as much as Assuming
Party is the substituted party to the Assigned Agreement. Remaining Party and Assuming Party
shall be bound by the terms of the Assigned Agreement in every way as if Assuming Party is
named in the novated Assigned Agreement in place of Assigning Party as a party thereto.
Remaining Party releases and forever discharges Assigning Party, as well as its shareholders,
directors, officers, employees, agents and representatives, from all obligations arising under the
Assigned Agreement, and from all manner of actions, causes of action, suites, debts, damages,
expenses, claims and demands whatsoever that Remaining Party has or may have against any
of the foregoing, arising out of or in any way connected to performance under the Assigned
Agreement.
(SiAmatur•e page follows)
Agreement No. 4723C
IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed
on its behalf of their respective officers thereunto duly authorized all as of the Effective Date.
LIBRARY ASSOCIATES LLC
By_ ` _.. ... . _ ....... ......... ....
. Corrao
Chief Operating O'ffi
ATTEST:
By: ` �/ ..._.... �...� ---
eaver ' "
City Clerk
APPROVED AS TO FORM:
MARK D_ HENSLEY, CITY ATTORNEY
By: - pw
David King
Assistant City Attorney