TERMS, RIGHTS, AND RESERVATIONS

The development of the Site is expected to be a “stand alone” project, in that Respondents are prohibited from cross- collateralizing and cross-defaulting the Site, or any portion thereof, with any other assets. Moreover, Respondents are prohibited from assigning, pledging, hypothecating, or otherwise transferring its interest in the net cash flows or ownership in the Site and project in part, or in whole, without prior County approval. Any additional debt shall require prior written County approval.