TRANSPORTATION CORRIDOR AGENCY - FOOTHILL - EASTERN CORRIDOR

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Development Impact Fees and all of the Agency's rights under the Joint Powers Agreement, in respect of such Development Impact Fees and the proceeds of the foregoing (the "Collateral "), 1. Notice is hereby given that pursuant to section 7.5(b) of the Second Supplemental Indenture, the Agency has pledged and assigned to the Trustee and granted to the Trustee or will hereafter pledge, assign and grant to the Trustee a security interest in all of the Agency's present or future right, title and interest in and to the collateral, for the exclusive benefit of the Banks and the owners of the Series 1995B Variable Rate Bonds. 2. The Member hereby acknowledges the Trustee's security interest in the Collateral. 3. The Member agrees that (a) it shall collect all Development Impact Fees on behalf of the Agency; (b) such Development Impact Fees are the property of the Agency and the Member has no beneficial interest therein; (c) until such Development Impact Fees have been paid to the Agency , the Member shall hold all such Development Impact Fees in trust for the benefit of the Agency and the Trustee acting for the benefit of the Banks and the owners of the Series 1995B Variable Rate Bonds; (d) the Member shall segregate such Development Impact Fees from its other revenues and identify on its books and records such Development Impact Fees as belonging to the Agency; (e) the Member shall pay all Development Impact Fees directly to the Trustee at the address specified by the Trustee or by wire transfer to the account specified by the Trustee. 4. For purposes of this Notice and Acknowledgment, "Development Impact Fees" means the fees collected by the Member as a condition of approval of a final map or as a condition of approval of a building permit pursuant to Section 66484.3 of the California Government Code, the Joint Powers Agreement and the ordinances adopted by such Member.