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10.4. Interpretation and Governing Law. This Agreement and any dispute arising hereunder <br /> shall be governed and interpreted in accordance with the laws of the State of California,with <br /> venue in Orange County. This Agreement shall be construed as a whole according to its fair <br /> language and common meaning to achieve the objectives and purposes of the parties hereto, and <br /> the rule of construction to the effect that ambiguities are to be resolved against the drafting party <br /> shall not be employed in interpreting this Agreement, all parties having been represented by <br /> counsel in the negotiation and preparation hereof. <br /> 10.5. Section Headings. All section headings and subheadings are inserted for convenience <br /> only and shall not affect any construction or interpretation of this Agreement. <br /> 10.6. Singular and Plural. As used herein, the singular of any word includes the plural. <br /> 10.7. Joint and Several Obli atg ions. If at any time during the Term of this Agreement the <br /> Property is owned, in whole or in part,by more than one owner, all obligations of such owners <br /> under this Agreement shall be joint and several, and the default of any such owner shall be the <br /> default of all such owners. Notwithstanding the foregoing,no owner of a single lot that has been <br /> finally subdivided and sold to such owner as a member of the general public shall have any <br /> obligation under this Agreement except as expressly provided for herein. <br /> 10.8. Time of Essence. Time is of the essence in the performance of the provisions of this <br /> Agreement as to which time is an element. <br /> 10.9. Waiver.Failure by a party to insist upon the strict performance of any of the provisions <br /> of this Agreement by the other party, or the failure by a party to exercise its rights upon the <br /> default of the other party, shall not constitute a waiver of such party's right to insist and demand <br /> strict compliance by the other party with the terms of this Agreement thereafter. <br /> 10.10. Third Party Beneficiaries. This Agreement is made and entered into for the sole <br /> protection and benefit of the parties and their successors and assigns, and no other person shall <br /> have any right of action based upon any provision of this Agreement. <br /> 10.11. Force Majeure.Neither party shall be deemed to be in default where failure or delay in <br /> performance of any of its obligations under this Agreement is caused by: (1) strikes, lockouts or <br /> labor disputes; (2) inability to obtain labor or materials or reasonable substitutes therefor <br /> (including as a result of freight embargos); (3)inclement weather which delays or precludes <br /> construction; (4) acts of God, including but not limited to earthquakes, or the public enemy or <br /> civil commotion; (5) condemnation, (6) fire or other casualty; (7) shortage of fuel, electricity or <br /> natural gas; (8) action or nonaction of public utilities or of local, state or federal governments, <br /> affecting the work,including,but not limited to, any delays in the permitting process as a result of <br /> the action or inaction of such governmental authorities including government shutdown for a <br /> period of time of one (1)week or more; (9) criminal acts or acts of terrorism; or(10)pandemic or <br /> government imposed quarantine(11) other conditions similar to those enumerated above which <br /> are beyond the reasonable anticipation or control of such Party, or other causes beyond the <br /> Party's reasonable control.if any such events shall occur,the term of this Agreement and the time <br /> for performance shall be extended for the duration of each such event,provided that the Term of <br /> this Agreement shall not be extended pursuant to this section for more than five(5)years. <br /> 10.12. Mutual Covenants. The covenants contained herein are mutual covenants and also <br /> constitute conditions to the concurrent or subsequent performance by the party benefited thereby <br /> of the covenants to be performed hereunder by such benefited party. <br />