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{ <br /> BVMWC City makes no guarantee,warranty or promise regarding the amount,quality,deliver <br /> rate or availability of the Stock Water, and shall have no liability therefor to Company y <br /> i <br /> C For each year that Company obtains the right of temporary use of the Stock Water, <br /> 7 <br /> Company shall reimburse to City the cost incurred by City in paying to BVMWC the annual <br /> assessment for the Shares,and any other charges levied by BVMWC upon the Shares or the Stock <br /> Water Company's reimbursement shall be made to City within thirty(30)days of the date of City's <br /> written invoice to Company for the same <br /> D Nothing in this Agreement shall give Company any right,title or interest in the Shares or <br /> the Stock Water,except for the right of temporary use of the Stock Water on the property described <br /> in Exhibit"A' pursuant to the terms and conditions stated herein <br /> 4 Notice Notice given to either party shall be in writing and delivered in person{actual,or <br /> by courier}or by registered or certified mail,postage prepaid,return receipt requested,and shall be <br /> deemed communicated as of mailing or,in case of personal delivery, upon receipt <br /> Notice to City Notice to Company <br /> Douglas Headrick,P E William J Griffith <br /> Chief of Water Resources Managing Director <br /> City of Redlands S-P East Highlands,LLC <br /> P O Box 3005 c/o Spring Pacific Properties, LLC <br /> Redlands,California 92373 15751 Rockfield Boulevard,Suite 100 <br /> Irvine,California c <br /> 5 Attornevs' Fees In the event any action is commenced to enforce or interpret erpret any term <br /> or condition of this Agreement the prevailing party shall,in addition to any costs and other relief, <br /> be entitled to the recovery of its reasonable attorneys' fees <br /> 6 Entire Aereement This Agreement represents the entire Agreement between the parties <br /> hereto as to the subject matters contained herein <br /> 7 Counterparts This Agreement may be executed in two or more counterparts and each <br /> shall be deemed an original <br /> 8 Assimnment This Agreement shall be binding upon and inure to the benefit of the <br /> successors and assigns of the parties <br /> 9 Governme Law This Agreement shall be governed by and construed in accordance with <br /> the laws of the State of California <br /> 10 Amendment This Agreement maybe amended only by written agreement signed by the <br /> parties hereto <br /> GVROJECTS CURRENTIEAST HIGHLANDS RANCHISALESIWATER STOCK CITY OF REDLANDSISPRING PACIFIC WATER 2 <br /> STOCK AGREEMENT WPD <br />