SWEETWATER CANYON DEVELOPMENT LLC, DBA MALIBU GOLD

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practices, OPERATOR shall adequately document that it has met the Plan's obligations and commitments as a condition of renewalla dension of this AGREEMENT upon expiration of the inflial germ and any extensions. 2. ggmsci s tnsomction earl tfo. erns)) Auit OPERATOR acknowledges and agrees that CITY is empowered under fhie Agreement to inspect, amine and audit OPERATORs books and excess (including tax filings and returns}, to ascertain the amount of operating fees due and owing, CITY or its authorized agents shall have the power and authority to conduct a nail inspection, examination and audit of such books and records (including tax dings and returns) at any reasonable tend, Including but not limited to, during normal business hours. In the event any such books, metric, tax filings and returns cannot be made fully available within the City of Santa Area, OPERATOR acknowledges and agrees that it II numburce CITY for the cost of all transportation, lodging, waste, portal-tmissual travel dark. and other formental seats reasonably incurred by CITY or its authorized agents In obtaining said full Inspection, examination and audit. In the event that said records Inspection, examination and audit consultant that a net operating agreement fee payment deficiency of greater than Five Percent (5%) exists, OPERATOR acknowledges and agrees that it shall reimburse CITY for the full cost of said records inspection, examination and audit reasonably incurred by CITY or its authorized agents. This AGREEMENT shall start on the date indicated above and shall terminate on December 31, 2029 regardless of starting date unless terminated earlier in accordance with Section 9 or 19 of this AGREEMENT, The AGREEMENT will have one (1) two-year extension period until Drammitter 31, 2022 exercisable by a writing executed by the City Manager and City Attorney's Office with the approval of OPERATOR. A valid City of Santa Ana Business License is required for all persons engaged In transacting and carrying on any commercial cannabis business activity in the City of Santa Ana. It is unlawful for any person or legal entify to commence, transact or carry -on cannabis business activity in the City of Santa Ana without first having groomed a City of Santa Ana cannabis business license. < s OPERATORa A. It is the holder of a valid Regulatory Safety Permit issued by CfTY In accordance with the procedures Santa Ana Municipal Code unkers: requirements of Article I of Chapter 40, of the Santa Ana Municipal Codiru and S. At such #ire as the State of California requires cannabis business facilities and businesses to hold a valid license or permit issued by the State of California, It also holds such license or permit; unless, however, such permit or license is subsequently 'v