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L With a copy to: L Nossaman, Guthner, Knox &Elliott, LLP 50 California Street, 34th Floor L San Francisco, CA 94111 Attn: Nicole A. Tutt, Esq. Email: ntutt@nossaman.com Telephone: (415) 398-3600 Fax: (415) 398-2438 r Any Party may change the address stated herein by giving notice in writing to the other Parry, and thereafter notices shall be addressed and transmitted to the new address. .. Any notice given to the Developer as required by this Agreement shall also be given to all other signatory parties hereto and any lender which executes this Agreement and requests that such notice be provided. Any signatory party or lender requesting receipt of such notice shall V furnish in writing its address to the parties to this Agreement. 10.2. Form and Effect of Notice. Every notice (other than the giving or withholding of consent, approval or satisfaction under this Agreement, but including requests therefore given to a party shall comply with the following requirements. Each such notice shall state: (i)the Section of this Agreement pursuant to which the notice is given; (ii)the period of time within which the recipient of the notice must respond or if no response is required, a statement to that effect; and (iii) if applicable,that the failure to respond to the notice within the stated time period shall be deemed to be the equivalent of the recipient's approval of or consent to the subject matter of the L notice. Each request for consent or approval shall contain reasonably sufficient data or documentation to enable the recipient to make an informed decision. In no event shall notice be deemed given nor shall a Party's approval of, consent to or satisfaction with the subject matter of `. a notice be deemed given by such Party's failure to object or respond thereto if such notice did not fully comply with the requirements of this Section 10.2.No waiver of this Section 10.2. shall be inferred or implied from any act(including conditional approvals, if any)of a party,unless L such waiver is in writing, specifying the nature and extent of the waiver. SECTION 11. OTHER SIGNATORY PARTIES. L 11.1. Other Signatory Parties. The other initial signatory Parties hereto each hold an Linterest in the Property as follows: NONE LEach signatory Party hereto is to be fully bound by the terms and conditions of this Agreement, and wherever the term ""Developer"" is used herein, it shall also mean and refer to each of the signatory Parties hereto, subject to the provisions of Section 1.3 hereof.No holder Lof a mortgage or deed of trust recorded against the Property or any portion thereof at the time of execution of this Agreement and not a signatory Party to this Agreement shall be entitled to the LW02-SF:FPM61481145.2 -53- L