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14. Governing Law, This Purchase Agreement shall be construed in accordance with the <br />laws of the State. <br />Very truly yours, <br />STIFEL, NICOLAUS & COMPANY, <br />INCORPORATED <br />Its: Authorized Officer <br />Accepted: <br />SUCCESSOR AGENCY TO THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />Sy: <br />Time: <br />Executive Director <br />AS TO FORM <br />0.11ODGE <br />16 <br />3 -108 <br />