ORIENT CORPORATION OF AMERICA, INC. (2)

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portion. The burdens of the Development upon, and the benefits of the Development successors in interest of the parties to the and constitute covenants which run with the to provide continued notice thereof, this will be recorded by the parties. Agreement are binding Agreement inure to all Development Agreement, Property, and in order Development Agreement The assurances provided to Developer in this Development Agreement are provided pursuant to and as contemplated by Govern- ment Code Sections 65864 et seq., and in consideration for the undertakings of Developer as set forth in this Development Agreement, and are intended by the City to be and have been relied upon by Developer to its detriment in undertaking the obligations and covenants provided in this Development Agreement and in expending monies and making improvements pursuant to this Develop- ment Agreement. The parties agree that the consideration to be received by the City pursuant to this Development Agreement and the rights secured to Developer hereunder constitute sufficient consideration to support the covenants and agreements of the City and Developer. 2. Relationship of the Parties. It is hereby specifically understood and acknowledged that the Development is a private project and that neither the City nor Developer will be deemed to be the agent of the other for any purpose whatsoever. City and Developer and its successors and assigns mutually deny any intention to form a joint venture or partnership between city and Developer, and agree that nothing contained herein or in any document executed in connection herewith shall be construed as making the City and Developer, or its successors and assigns, joint venturers or partners. 3. Term. (a) Unless the term is otherwise modified or extended by the parties as set forth in this Development Agreement, the term ("Term") of this Development Agreement is twenty (20) years from the Effective Date (defined below), subject to earlier termination as hereinafter provided. (b) Pursuant to Section: 66452.6(a) of the California Subdivision Map Act, the Map, including any lot line adjustment or merger of lots (or any other tentative map filed subsequent to the Effective Date of this Agreement) , shall also be extended for a period equal to the period this Development Agreement remains in effect. (c) Notwithstanding subsections (a) or (b) hereof, if, at the end of the original or modified term, the Property is in the process of being developed, the term of this Development Agreement H