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<br />To Licensee: <br /> <br />Phillips Hutton Partners, LLC <br />c/o Truth & Adyertising <br />454 N. Broadway, Suite #200 <br />Santa Ana, CA 92701 <br />facsimile (714) 542-8757 <br /> <br />A party may change its address by giying notice in writing to the other party. <br />Thereafter, any notice, tender, demand, deliyery, or other communication shall be <br />addressed and transmitted to the new address. If sent by mail, any notice, tender, <br />demand, deliyery, or other communication shall be effectiye or deemed to haye been <br />giyen fiye (5) days after it has been deposited in the United States mail, duly registered or <br />certified, with postage prepaid, and addressed as set forth aboye. If sent by facsimile, any <br />notice, tender, demand, deliyery, or other communication shall be effectiye or deemed to <br />haye been giyen twenty-four (24) hours after the time set forth on the transmission report <br />issued by the transmitting facsimile machine, addressed as set forth above. For purposes <br />of calculating these time frames, weekends, federal, state, County or City holidays shall <br />be excluded. <br /> <br />(c) Marginal Headings. The marginal headings and article titles to the <br />articles of this License are not a part of this License, and shall haye no effect upon the <br />construction or interpretation of any part hereof. <br /> <br />(d) Successors and Assigns. The coyenants and conditions herein <br />contained, subj ect to the proyisions as to assignment, apply to and bind the heirs, <br />successors, executors, administrators, and assigns of the parties hereto. <br /> <br />(e) Prior Agreements. This License contains all of the agreements of the <br />parties hereto with respect to any matter coyered or mentioned in this License, and no <br />prior agreements or understanding pertaining to any such matters shall be effectiye for <br />any purpose; no proyision ofthis License may be amended or added to except by an <br />agreement in writing signed by the parties hereto or their respectiye successors-in- <br />interest. This License shall not be effectiye or binding on any party until fully executed <br />by both parties hereto. <br /> <br />(f) Use of Parking Garage by City. In the eyent of any sale of the <br />Parking Garage, City shall be, and is entirely, freed and relieyed of all liability under any <br />and all of its coyenants and obligations contained in or deriyed from this License arising <br />out of any act, occurrence, or omission occurring after the consummation of such sale; <br />and the purchaser, at such sale or any subsequent sale ofthe Parking Garage shall be <br />deemed, without any further agreement between the parties or their successors-in-interest <br />or between the parties and any such purchaser; to have assumed and agreed to carry out <br />any and all of the coyenants and obligations of the City under this License. <br /> <br />7 <br />