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Approvals and this Agreement incorporate sufficient provisions to permit County to monitor adequately and respond to changing circumstances and conditions in undertaking actions to carry out the Existing Approvals. 1.5.2.D. Upon termination of this Agreement for any reason, the County shall cause notice of termination to be recorded in the Official Records of the County of San Joaquin. 1.5.3. Subsequent Amendments or Termination. If the Term of this Agreement is extended as provided in Section 1.5.2. hereof, or if the parties amend or cancel this Agreement as herein provided, or as otherwise provided by the Development Agreement Legislation or the Development Agreement Regulations, or this Agreement is terminated pursuant to any provision hereof, then the Clerk of the Board of Supervisors shall, after such action takes effect, cause an appropriate notice of such action to be recorded in the Official Records of the County of San Joaquin. The cost of recordation shall be borne by the Developer, except that in the case of termination of this Agreement the cost of recordation shall be home by the Party causing such termination. 1.6. Assignment. 1.6.1. The Developer has represented to the County that it possesses the experience, qualifications and financial resources to implement the Existing Approvals with respect to the Property, and to develop the Property in the manner specified in the Existing Approvals and this Agreement, specifically including, but not limited to, assisting in the formation and establishment of the Financing Mechanisms required under the Public Financing Plan for the development of the Property and the Community. It is because of such qualifications and representations of Developer that County is entering into this Agreement. Accordingly, certain restrictions on the right of the Developer to assign or transfer its interest under this Agreement with respect to the Property, or any portion thereof, are necessary in order to assure the achievement of the goals, objectives and public benefits of the Existing Approvals and this Agreement with respect to the development of the Property. The Developer agrees to and accepts the restrictions herein set forth in this Section 1.6. as reasonable and as a material inducement to the County to enter into this Agreement. County's remedies hereunder shall be to refuse to recognize any sale, assignment or transfer in violation of the provisions of this Section 1.6. for purposes of this Agreement. No such purchaser, assignee or transferee not qualifying as a Recognized Assignee hereunder shall be entitled to the benefits of this Agreement nor have any standing or rights to enforce the provisions of this Agreement, including, but not limited to, Sections 2., 3. and 5. hereof, but shall otherwise be bound by all of the terms and conditions of this Agreement, including the terms and conditions of the Existing Approvals which pertain to the Property or such portion thereof in which such purchaser, assignee or transferee holds an interest. In addition, the County at any time following any such sale, assignment or transfer not in compliance with the provisions of this Section 1.6., and prior to compliance with the provisions of this Section 1.6. by any such purchaser, assignee or transferee, may terminate this Agreement as to the portion of the Property so sold, assigned or transferred. W02-SF:FPD\61481145.2 -18-