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07/02/99 10:25 $`530243 CUM HILI. RDD • Q008/010 <br /> 7. Reservation of Rights <br /> The parties to 'this Agreement understand and agree that execution of this Aqreement 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. uoverning Law <br /> The interpretation and enforcement of this Agreement shall be governed by the laws of the <br /> State of California. <br /> Q. Effective Date <br /> This Agreement shall be effective from and after the date on which the latter parry 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 Owners Property is complete. Within 30 days <br /> following such notice, Munco shall close and abandon all wells on Owners 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 /> By / .PANW§tel Munzer <br /> Print e _ Alexander Krygsman - - pr silent <br /> Title Port Direct r Title <br /> Date <br /> March 19, 1999 Date A ril 2 1999 <br /> .5of5- <br />