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7. Reservation of Rights <br /> The parties to this Agreement understand and agree that execution of this Agreement was <br /> necessitated by action or threatened action of the Water Board, and that except as otherwise <br /> specifically provided herein, this Agreement does not constitute any admission of fact, law, <br /> responsibility, fault, or liability of any kind, nor shall it constitute a waiver or limitation of any <br /> legal right, claim or defense available to any party. <br /> 8. Governing Law <br /> The interpretation and enforcement of this Agreement shall be governed by the laws of the <br /> State of California. <br /> 9. Effective Date <br /> This Agreement shall be effective from and after the date on which the latter party executes it, <br /> as set forth below. <br /> 10. Term of Agreement; Removal of Wells <br /> This Agreement shall terminate on a date 120 days after the Water Board notifies Munco that <br /> its obligation to monitor groundwater from Owner's Property is complete. Within 30 days <br /> following such notice, Munco shall close and abandon all wells on Owner's Property in <br /> accordance with all applicable federal, state or local governmental requirements. <br /> 11. Entire Agreement; Amendment <br /> This Agreement embodies the entire agreement of the parties hereto and may be modified or <br /> amended only by further written agreement, executed by the parties indicated here below. <br /> IN WITNESS WHEREOF, the parties have executed this Agreement in duplicate originals, on <br /> the date(s) indicated below, and effective as provided above. <br /> OWNER: MUNCO: <br /> STOCKTON PORT DISTRICT MUNCO, INC. <br /> Y __........._. <br /> PrintYar6e Alexander Kryqsman Print Nam D n el 0. Munzer <br /> Title Port Director Title Pr sident <br /> Date March 19, 1999 Date April 2 , 1999 <br /> -5of5- <br />