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constitute covenants running with the land pursuant to California law including, without <br /> limitation, California Civil Code section 1468. This Agreement shall be binding on SHAC Las <br /> Positas Apartments, LLC only during its period of ownership of the Project Site, or applicable <br /> portion thereof, and if SHAC Las Positas Apartments, LLC sells, conveys or transfers all or any <br /> portion of the Project Site following the date hereof, SHAC Las Positas Apartments, LLC shall <br /> be released of its obligations hereunder accruing from and after the consummation of such sale, <br /> conveyance or transfer but solely with respect to such portion of the Project Site sold, conveyed <br /> or transferred by SHAC Las Positas Apartments, LLC following the date hereof. <br /> Section 5.10 Assignment of Interests, Rights and Obligations. Developer may <br /> transfer or assign all or any portion of its interests, rights or obligations under this Agreement, <br /> the Project Approvals or Subsequent Approvals to third parties acquiring an interest or estate in <br /> the Project Site or any portion thereof including, without limitation, purchasers or ground lessees <br /> of lots,parcels or facilities. <br /> Section 5.11 Notices. Any notice or communication required hereunder between <br /> City and Developer must be in writing, and may be given either personally, by telefacsimile <br /> (with original forwarded by regular U.S. Mail) by registered or certified mail (return receipt <br /> requested), or by Federal or other similar courier promising overnight delivery to the respective <br /> addresses specified by each party. Any party hereto may at any time, by giving ten (10) days <br /> written notice to the other party hereto, designate any other address in substitution of the address <br /> to which such notice or communication shall be given. Such notices or communications shall be <br /> given to the parties at their addresses set forth below: <br /> If to City, to: City of Pleasanton <br /> City Hall <br /> 123 Main Street <br /> P.O. Box 520 <br /> Pleasanton, CA 94566 <br /> Attn: Nelson Fialho, City Manager <br /> Telephone: (925) 931-5002 <br /> Facsimile: (925)931-5482 <br /> With Copies to: City of Pleasanton <br /> City Hall <br /> 123 Main Street <br /> P.O. Box 520 Pleasanton, CA 94566 <br /> Attn: Jonathan Lowell, City Attorney <br /> Telephone: (925) 931-5015 <br /> Facsimile: (925)931-5482 <br /> If to Developer,to: SHAC Las Positas Apartments, LLC <br /> 777 S. California Avenue <br /> Palo Alto, CA 94304 <br /> Attn: Kevin Ebrahemi <br /> Telephone: (650) 842-2268 <br /> Facsimile: (650) 842-4465 <br /> -13- <br />