FIRST AMERICAN FINANCIAL CORPORATION (2)

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feet" wherever appearing in subparagraph e of Paragraph 5 with "974,601 square feet," and (iii) replacing the figure of 700,000 square feet" appearing in "Example #2" in subparagraph (2) of subparagraph e of Paragraph 5 with the figure "900,000 square feet." C. Exhibit C to the Agreement ("First American Acquisition Area Off -Site Improvements") is amended in part by replacing the heading "LEVEL I-810,000 square feet" with the heading "LEVEL I-974,601 square feet." d. Exhibit E to the Agreement ("Assigned Obligations —MMN Development") is amended in its entirety and replaced with a new Exhibit E attached as Attachment No. 1 to this Amendment No. 1, 2. No Other Amendment. Except for the amendments to the Agreement set forth above, the terms and provisions of the Agreement shall remain in full force and effect. 3. City Acknowledgment of Square Footage Transfer. City acknowledges and agrees that all off -site improvements or other environmental mitigations or exactions pertaining to the 164,601 square feet being added to the First American Project Site for allocation to the Third Party Conveyance Area (License Map) [thereby changing First American's allocation of maximum building square footage on the Third Party Conveyance Area (License Map) from 162,000 square feet to 326,601 square feet pursuant to Section Ld hereinabove] either have already been constructed or already have been paid for, and as a result no additional off -site improvements are required by City with respect to the transfer of the 164,601 square feet to the First American Project Site as described above. In addition, City has determined that no new environmental impacts not already analyzed and mitigated would occur, nor would any environmental impact be made more severe, by such transfer of 164,601 square feet from one portion of MacArthur Place to another portion of MacArthur Place. In connection with this Amendment No. 2 City has made an appropriate determination pursuant to the California Environmental Quality Act (Public Resources Code § 21000 et seq.). 4. Counterparts. This Amendment No. 1 may be executed in counterparts which, when all the parties hereto have signed this Amendment No. 1, shall constitute an original. [end -- signature page follows] 3941016555-0002 160733.04 a03/16/01 -2-