CEMEX Materials Pacific LLC 4/5/2017

Excluding the Lot Profit Payments, which are separately secured, the Owner Obligations shall be secured by bonds, which bonds shall be in the form as attached on Exhibit I (each, a"Bond") and in accordance with any other requirements in Exhibit I. One of these Bonds is the "Transfer Lot 3 Bond" in the amount of$1.6 million, and the other is the "Installment Payment Bond" in the amount of$2.0 million, all as set forth in Exhibit I. Should Owner so elect, upon a Binding Site Plan Notice of Decision being signed and a Binding Site Plan being approved by the City to create Lot 21 and Lot 22 as legal lots (both as depicted on Exhibit A-1, and referred to as the "Lots") Owner may substitute the Bonds for the recording of the Obligation Deed of Trust in first lien position secured by the Lots, all in the manner as set forth in Section 1.12(a)(1). Following the Transfer Lot Group Closing Date, payment of the Equivalent Value and Owner's completion of the Owner Obligations under Part One of this Amendment, the obligations of Owner as to the Transfer Lots shall be fully satisfied. NOW THEREFORE, for and in consideration of the mutual promises as stated herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the City and Owner agree to amend, restate, and modify Part One of the Development Agreement as follows: PART ONE -RECREATION PROPERTY 1.1 Applicability. The provisions of this Part One define the rights and obligations between the City and Owner as to the Transfer Lots, defined below, and as to the Land Wedge. For the purposes of Part One, the existing"Owner Property" as of the date of this Amendment is legally described on Exhibit A. Owner, not FSA, will be solely responsible for the Owner Obligations contained in this amended Part One. 1.2 Conveyance Terms. 4