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action to cure, correct or remedy such default. The City's remedies for Owner's default shall be <br /> limited to specific performance of this Agreement. <br /> 14. City and Owner are deemed the beneficiaries of the terms and provisions of this <br /> Agreement and of the covenants running with the land, for and in their own right and for the <br /> purposes of protecting the interests of the community and other parties,public or private,in whose <br /> favor and for whose benefit this Agreement and the covenants running with the land have been <br /> provided, without regard to whether City or Owner has been, remains or is an owner of any land <br /> or interest therein in the Property. <br /> 15. Any notice to be given or other document to be delivered by either party to the other <br /> shall be in writing and shall be deemed to have been duly given and received (i)upon personal <br /> delivery, (ii) as of the third business day after mailing by United States registered or certified mail, <br /> return receipt requested, postage prepaid, addressed as set forth below, or (iii) the immediately <br /> succeeding business day after deposit with Federal Express or other equivalent overnight courier, <br /> addressed to the party for whom intended, set forth in this Section 6. Any party to this Agreement <br /> may from time to time, by written notice to the other, designate a different address which shall be <br /> substituted for the one specified below. <br /> If to the City: City of Santa Ana <br /> 20 Civic Center Plaza <br /> Santa Ana, CA 92702 <br /> Attention: City Clerk <br /> Telephone: (714) 647-6520 <br /> with a copy to: City of Santa Ana <br /> 20 Civic Center Plaza <br /> Santa Ana, CA 92702 <br /> Attention: City Attorney <br /> Telephone: (714) 647-5201 <br /> If to Owner: SOCO Harbor, Inc. <br /> 3621 S. Harbor Boulevard, Ste 130 <br /> Attn. Michael Del Santo <br /> Santa Ana, CA, 92704 <br /> with a copy to: Cox, Castle &Nicholson LLP <br /> 3121 Michelson Drive, Ste. 200 <br /> Irvine, CA 92612 <br /> Attention: Sean Matsler, Esq. <br /> Telephone: (949) 260-4652 <br /> 16. This Agreement, including the Recitals and all Attachments (which are hereby <br /> incorporated by reference), contains the entire agreement between The Parties with respect to the <br /> subject matter in this Agreement and supersedes whatever oral or written understanding they may <br /> AGREEMENT FOR PAYMENT IN-LIEU OF TAXES <br /> 6 <br /> i y' ounce 12 - 10 2/3/2026 <br />