05 Assign & Assumption - TBE RE Acquisition Co II to Affiliates DOC # 2025-0382830Recording requested by
Stewart Title of Galifornia, Inc. 2025-0382830
12/09/2025 03.47 P11 Fee: $ 0.00
REQUESTED BY Page 1 of 23
AND WHEN RECORDED MAIL TO: Recorded In official Records
County of Riverside
Peter Aldana
City of La Quinta Assessor -County Clerk -Recorder
78-495 Calle Tampico 'III
La Quinta, CA 92253
Attn: City Manager
Order No, 2664882 Exempt From Recording Fee Pursuant to Government Code § 27383
ASSIGNMENT AND ASSUMPTION AGREEMENT
This Assignment and Assumption Agreement ("Assignment") is entered
into this qt�l day of Deee aw 2025 by and between TBE RE
Acquisition Co II LLC. a Delaware limited liability company and affiliate of
Turnbridge Equities ("Assignor") and the following entities that are also affiliates
of Turnbridge Equities. SilverRock Hotel Owner LLC, a Delaware limited liability
company ("SR Hotel"); SilverRock 1A Condo Owner LLC, a Delaware limited
liability company ("SR1A Condo"); SilverRock 1A Resi Owner LLC, a Delaware
limited liability company ("SR1A Resi"), and SilverRock 1 B Resi Owner LLC, a
Delaware limited liability company ("SR1113 Resi") (SR Hotel, SR1A Condo, SR1A
Resi, and SR1 B Resi are individually referred to as an "Assignee" and
collectively as the "Assignees"), and consented by the City of La Quinta, a
California municipal corporation and charter city ("City"), with reference to the
following:
RECITALS
A. Assignor is the owner in fee simple of certain real property located at the
southwest intersection of Jefferson Street and Avenue 52 in the City of La
Quinta, California, comprised of approximately 130+/- acres, identified as
APN(s): 777-060-083, 777-060-085, 777-060-075, 777-060-078, 777-490-058,
777-490-063, 777-490-064, 777-490-065. 777-490-066, 777-490-037, 777-490-
057, 777-490-059. 777-490-068. 777-490-042, 777-490-076, portions of 777-
490-072 and 777-490-073 and 777-490-074 and 777-490-075 and 777-490-077
and 777-490-078 and 777-490-079 and 777-490-080, 777-490-046, 777-490-
071, 777-060-0827 777-060-084, 777-510-001 through 023, 777-510-025. 777-
520-001 through 018, and 777-490-053,054 and 055; and more specifically
described in Exhibit A-1 and Exhibit A-2 attached hereto and incorporated herein
by this reference (the "Property" or "Phase 1 Property"). The Property consists
of the 'Phase 1A Property" and "Phase 1B Property" as more particularly
described in Exhibit A-1 and Exhibit A-2, respectively, and incorporated herein by
this reference.
B. The Assignor and City entered into that certain REINSTATED AND
AMENDED DEVELOPMENT AGREEMENT with Reference Date November 6,
6981015610-C207
23085282 2 a11122125 -1 -
I03:°
Recorded concurt.ntly and In conrlec;t in
with a transfer subject to the imposition of
Documentary Transfer Tax - G 273551(a)�2)
2025 and Exhibits "A" through "M" attached thereto (the "Reinstated
Development Agreement"), which was recorded against the Phase 1 Property
in the Official Records of the County of Riverside, California ("Recorder's
Office") on even date as, and immediately prior to, this Assignment, as
Instrument No. Document recorded concurrently herewith
C. Pursuant to the terms of the Reinstated Development Agreement, the
Phase 1 Property is to be developed and used for the "Project" as more fully
defined and described in (among other provisions) Recital K and Section 1.1.96
of the Reinstated Development Agreement. In general, the development and use
of the Phase 1 Property for the Project includes the following "Project
Components" as more fully defined and described in (among other provisions)
Section 1.1.98 of the Reinstated Development Agreement: (a) the "Luxury Hotel
Project Component" and related ancillary uses; (b) the Public Golf Clubhouse
Project Component"; (c) the "Phase 1A Luxury Residential Project Components"
consisting of the (i) Phase 1A Luxury Branded Residences Project Component,
and (li) Phase 1A Luxury Branded Condominiums Project Component"; (d) the
Private Clubhouse Project Component"; (e) the "Phase 1B Luxury Residential
Project Component"; (f) the "Landscaping And Trails Project Component"; and
(g) the "Master Site Infrastructure Improvements Project Component."
D. Pursuant to and consistent with the Reinstated Development Agreement
and Project as proposed by Assignor and approved by the City, the City and
Assignor proposed to enter into the following "La Quinta Amended
Development Documents" (all as defined and described in the Reinstated
Development Agreement) that pertain to the development and use of the
Phase 1 Property: (i) that certain REINSTATED AND AMENDED COVENANT
AFFECTING REAL PROPERTY (GOLF COURSE USE), also referred to and
defined in the Reinstated Development Agreement as the "Reinstated Covenant
Affecting Real Property (Golf Course Use)"; (ii) that certain REINSTATED
AND AMENDED COVENANT AFFECTING REAL PROPERTY (AHMANSON
RANCH HOUSE), also referred to and defined in the Reinstated Development
Agreement as the "Reinstated Covenant Affecting Real Property (Ahmanson
Ranch House)"; and (iii) that certain TRANSIENT OCCUPANCY TAX (TOT)
REVENUE SHARING AGREEMENT, also referred to and defined in the
Reinstated Development Agreement as the "TOT Covenant Agreement."
Collectively, the Reinstated Development Agreement, Reinstated Covenant
Affecting Real Property (Golf Course Use), Reinstated Covenant Affecting Real
Property (Ahmanson Ranch House), and TOT Covenant Agreement, are defined
and referred to as the "Project Agreements").
E. Based on the representation and warranty of Assignor, which is materially
relied upon by the City, the Assignees are "Permitted Transferees" as defined in
the Reinstated Development. Additionally, the Assignees are identified in the
"Developer Entities Organizational Chart" as "Permitted Affiliate Assignees" as
set forth in the Reinstated Development Agreement, and Assignor has provided
698/0156IM207
23085262.2 all122726 -2-
(or will provide prior to recording of this Assignment) written documentation and
evidence the Assignees are Permitted Affiliate Assignees.
F. As more particularly described and set forth in the Reinstated
Development Agreement, the City is the owner of approximately 193+/- acres
that includes raw land and an existing driving range, but said acreage expressly
excludes approximately 24+/- acres that have the existing SilverRock Park and
adjacent retention basin, and defined and described therein as the "City -Owned
Option Property" (also defined as the "Phase 2 Property"). As more particularly
described and set forth in the Reinstated Development Agreement and that
certain "Option Agreement" (as defined and described in the Reinstated
Development Agreement), the Project includes the possible acquisition in the
future of the City -Owned Option Property (Phase 2 Property), after full
performance by Assignor (or a "permitted transferee") of specified conditions, for
possible future development that would complement a world -class hotel and
residential destination resort. Additionally, as more particularly described and set
forth in the Reinstated Development Agreement, the City is the owner of
approximately 170+/- acres that comprises the Arnold Palmer Classic Golf
Course and ancillary maintenance property, commonly known as the SilverRock
Golf Course, and defined therein as the "City -Owned Golf Course Property," and
the City is the owner of approximately 0.6+/- acres that comprises the Ahmanson
Ranch House, and defined therein as the "City -Owned Ahmanson Ranch
Property." As more particularly described and set forth in the Reinstated
Development Agreement, the Project includes the possible conveyance in the
future of the City -Owned Golf Course Property and City -Owned Ahmanson
Ranch Property, after full performance by Assignor (or a "permitted transferee")
of specified conditions. The City -Owned Option Property (Phase 2 Property),
City -Owned Golf Course Property, and City -Owned Ahmanson Ranch Property
are all within the "SilverRock Resort Area" and "SilverRock Specific Plan" as
defined in the Reinstated Development Agreement and immediately adjacent to
or proximate to the Phase 1 Property.
G. Assignor now desires to transfer the Phase 1 Property and Reinstated
Development Agreement to Assignees, and concurrently therewith, to transfer to
specified Assignees all of Assignor's rights and responsibilities under the other
Project Agreements to the extent that such rights and responsibilities relate to the
Phase 1 Property (or portions thereof), as more particularly set forth in this
Assignment.
NOW, THEREFORE, in consideration of the foregoing Recitals, which are
incorporated herein by this reference and a substantive part of this Assignment,
and for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties agree as follows:
1. Assignor hereby assigns to the Assignees all of Assignor's rights
and responsibilities under the terms and conditions of the Reinstated
Development Agreement, but only to the extent that such rights and
698/015610-0207
23085262.2 al 1/22/25 -3-
responsibilities arise from the ownership of the Project and Phase 1 Property as
of the "Effective Date" (as that term is defined in Section 4 below) of this
Assignment (collectively, the "Reinstated Development Agreement Assigned
Rights and Obligations"). Additionally, Assignor hereby assigns to the
Assignees as specified in Subparagraphs (a)-(c) below all of Assignor's rights
and responsibilities under the terms and conditions of the Project Agreements
specified in Subparagraphs (a)-(c) below, but only to the extent that such rights
and responsibilities arise from the ownership of the Project and Phase 1 Property
(or applicable portion(s) of the Project and portion(s) of the Phase 1 Property
pursuant to the assignments in Subparagraphs (a)-(c) below) as of the Effective
Date:
a. Assignor hereby assigns to SR Hotel, SR1A Condo, and SR1A
Res! (collectively, the "TOT Revenue Sharing Assignees") all of
Assignor's rights and responsibilities under the terms and
conditions of the TOT Covenant Agreement (collectively, the "TOT
Covenant Agreement Assigned Rights and Obligations");
b. Assignor hereby assigns to SR Hotel all of Assignor's rights and
responsibilities under the terms and conditions of the Reinstated
Covenant Affecting Real Property (Ahmanson Ranch House)
(collectively, the "Ahmanson Ranch Covenant Assigned Rights
and Obligations");
c. Assignor hereby assigns to SR Hotel all of Assignor's rights and
responsibilities under the terms and conditions of the Reinstated
Covenant Affecting Real Property (Golf Course Use) (collectively,
the "Golf Course Covenant Assigned Rights and Obligations")
(the Reinstated Development Agreement Assigned Rights and
Obligations, TOT Covenant Agreement Assigned Rights and
Obligations, Ahmanson Ranch Covenant Assigned Rights and
Obligations, and Golf Course Covenant Assigned Rights and
Obligations are collectively defined as and referred to as the
"Assigned Rights and Obligations").
2. Assignees hereby accept the foregoing assignments of the
Assigned Rights and Obligations, as set forth in Paragraph 1 and Subparagraphs
(a)-(c) therein, and Assignees agree to be bound by the terms and conditions of
the Project Agreements, as set forth in Paragraph 1 and Subparagraphs (a)-(c)
therein, to the extent that such terms and conditions affect or are affected by
ownership of the Phase 1 Property (or applicable portion(s) thereof).
3. The parties hereto acknowledge and agree that no Assignee shall
be responsible for any of the obligations of the Project Agreements which arise
from ownership of any portion of the Phase 1 Property, and which arise prior to
the Effective Date hereof. As such, a default by Assignor under any of the
698/015610-0207
23085262.2 a11122125 -4-
Project Agreements prior to the Effective Date hereof ("Assignor's Default") shall
not be deemed a default by Assignee, and Assignor shall indemnify, defend and
hold harmless any and all Assignees from any and all losses, claims or liability,
including without limitation reasonable attorneys' fees and costs, arising from an
Assignor's Default. A default by an Assignee under any of the Project
Agreements with respect to the Phase 1 Property (or any portion(s) thereof) after
the Effective Date hereof ("Assignee's Default") shall not be deemed a default by
Assignor, and the Assignees shall indemnify, defend and hold harmless Assignor
from any and all losses, claims or liability, including without limitation reasonable
attorneys' fees and costs, arising from an Assignee's Default.
4. This Assignment shall be deemed effective upon the last of the
following events to occur (referred to as the "Effective Date"): (a) conveyance of
the Phase 1 Property to Assignees (or applicable portion(s) of the Phase 1
Property to the applicable Assignee(s)) as evidenced by the recording of the
grant deed therefor in the Recorder's Office, and (b) the written consent to this
Assignment by the City with respect to the Assigned Rights and Obligations
arising under the Project Agreements as specified in this Assignment.
5. Except for the Reinstated Development Agreement, the remaining
Project Agreements may be entered into between the City and the respective
Assignee(s), without having been first entered into between the City and
Assignor, on or after the Effective Date of this Assignment as long as this
Assignment with the written consent of City is recorded in the Recorder's Office
prior to the recording of said remaining Project Agreements entered into between
the City and the respective Assignee(s).
6. Except as otherwise described in paragraph 4 above, the parties
hereto each warrant and represent that they have taken all necessary corporate
action to authorize the execution and performance of this Assignment and that
the individuals executing this document on behalf of the parties are authorized to
do so, and by doing so, create binding obligations as described herein of the
party represented.
7. This Assignment shall be governed by the internal laws of the State
of California, without regard to conflict of law principles.
8. This Assignment may be signed in counterparts which, when
signed by both parties hereto, shall constitute a binding agreement.
[End — Signature page follows]
6981015610-0207
23085262,2 al1/22125 -5-
WHEREFORE, the parties hereto have executed this Assignment on the
date first written above.
Date20 2
Date:
Date.
Date.
Date:
202�_
"ASSIGNOR"
TBE RE ACQUISITION CO II LLC, a
Delaware limited liability company, an
affiliate of Turnbridge Equities
By:
Name: AndFeJoblon
Title: Authoh ed Signatory
"ASSIGNEES"
SILVERROCK HOTEL OWNER LLC, a
Delaware limited liability company, an
affiliate of Turnbridge Equities
1
By:
Name: AndreN Joblon
Title: Authorized Signatory
SILVERROCK 1A CONDO OWNER LLC. a
Delaware limited liability company, an
A
affiliate of Turnbridge Equities
J
20
By:
Name: Andr Joblon
Title: Authori ed Signatory
SILVERROCK 1A RESI OWNER LLC, a
Delaware limited liability company, an
affiliate of Turnbridge Equities
`2 20__Z�
By:
Name: Andrq' l Joblon
Title: Authorized Signatory
SILVERROCK 113 RESI OWNER LLC. a
Delaware limited liability company, an
affiliate of Turnbridge Equities
0 20 If
By:
Name: And evd Joblon
Title: Authorized Signatory
[Signature Page - La Quinta - Assignment and Assumption Agreement]
A Notary Public or other officer completing this certificate verifies only the identity of the
individual who signed the document to which this certificate is attached, and not the
truthfulness, accuracy, or validity of that document.
State of California
County of Los Angeles
On I!I`LG 12 , before me, titil/�lzy (�tl Z6� 11,'1-L0
(insert name and title of the officer)
Notary Public, personally appeared ! kAWN'j ;T't)
who proved to me on the basis of satisfactory evidence to be the person(s) whose
name(s) is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph is true and correct.
MARS FITZGERALD
notary Public - California
WITNESS my hand and official seal. Los Angeles County
Commission ,f 2424724
6, Comm. Expires Nov 1, 2016
Signature (Seal)
[Notary Page - La Quinta - Assignment and Assumption Agreement]
CONSENT
By execution below, the City hereby consents to the foregoing
Assignment.
CITY OF LA QUINTA, a California
municipal corporation and charter city
Date: Z� 20 2-5�
/ By: 4 �
JorrM-EMillen. City Manager
ATTEST:
i
Monika Radeva. City CI
APPROVED AS TO FORM
RUTAN & TUCKER, LLP
William 1-I. Ihrke, City Attorney
698/015610-0207
23085262 2 a11122125 -7-
GOVERNMENT CODE 27361.7
I CERTIFY UNDER PENALTY OF PERJURY THAT THE ILLEGIBLE PORTIONS OF THIS
DOCUMENT TO WHICH THIS STATEMENT IS ATTACHED, READS AS FOLLOWS:
JOHN MCMILLEN
Dated: December 5, 2025
Sandy Staley, Title Officer, Stewart Title
Place of Execution: RIVERSIDE, CA
A Notary Public or other officer completing this certificate verifies only the identity of the
individual who signed the document to which this certificate is attached. and not the
truthfulness, accuracy, or validity of that document.
State of California )
County of Riverside )
On -z ` '- before me. "0 ✓,A" A � R
(insert name and title of the officer)
Notary Public, personally appeared 0 e.\A-0 LTA/n
who proved to me on the basis of satisfactory evidence to be the person(s) whose
name(s) is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph is true and correct.
ey
MOM 1A RADEVA
Mo[aryPu"icCeLRiverside County
WITNESS my hand and official seal. Commission B 25000E. Comm. Expires Oct 22, 2026
Signature (Seal)
A Notary Public or other officer completing this certificate verifies only the identity of the
individual who signed the document to which this certificate is attached, and not the
truthfulness, accuracy, or validity of that document.
State of California )
County of Riverside )
On
before me.
(insert name and title of the officer)
Notary Public, personally appeared
who proved to me on the basis of satisfactory evidence to be the person(s) whose
name(s) is/are subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of
which the person(s) acted. executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California
that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature
IM 5G 10-0207
23085922.1 a]1/23125 -4-
(Seal)
EXHIBIT A
LEGAL DESCRIPTION OF THE PHASE 1 PROPERTY
[ attached [
6981015610-0207
23085262.2 al 11/22/25 EXHIBIT A
EXHIBIT A-1
LEGAL DESCRIPTION OF PHASE 1A PROPERTY
All that certain property located in the City of La Quinta, County of Riverside,
State of California, described as follows:
PARCEL A:
THAT PORTION OF PARCELS 4 AND 18 OF PARCEL MAP NO. 37207, IN
THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,
AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87,
INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY, DESCRIBED AS
FOLLOWS:
LOT "C" OF LOT LINE ADJUSTMENT NO. 2020-0010, AS DISCLOSED BY
GRANT DEED RECORDED JULY 15, 2021 AS INSTRUMENT NO.
20210426711 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES,
AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN
FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE
RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS
OF THE PHASE 1A AND I PROPERTY LYING MORE THAN FIVE HUNDRED
(500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL
PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION
OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID
PHASE 1A AND 1 B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE
1A AND 1 B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE
HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR
PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1 B
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE
USE OR ENJOYMENT OF THE PHASE 1A AND 1 B PROPERTY, AS
RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL
CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED
NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF
OFFICIAL RECORDS,
APNs 777-490-058, 777-490-063, 777-490-064, 777-490-065 AND 777-490-066
(OLD APNs PORTION OF 777-490-041 and 777-490-051)
[continues on next page]
EXHIBIT A-1
6981015610-0207
23085262.2 a11122125 -1-
PARCEL B:
THAT PORTION OF PARCELS 3 AND 4 OF PARCEL MAP NO. 37207, IN THE
CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS
SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87,
INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY. DESCRIBED AS FOLLOWS:
LOT "B" OF LOT LINE ADJUSTMENT NO. 2020-0010, AS DISCLOSED BY
GRANT DEED RECORDED JULY 16, 2021 AS INSTRUMENT NO.
20210428113 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES,
AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN
FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE
RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS
OF THE PHASE 1A AND 1 B
PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON
SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND I PROPERTY
OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE
EITHER THE SURFACE FROM SAID PHASE 1A AND 1 B PROPERTY OR ANY
PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE
PHASE 1A AND 1 B PROPERTY IN SUCH A MANNER AS TO CREATE A
DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND I
PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA
MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED
RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND
RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950,
BOTH OF OFFICIAL RECORDS.
APNs 777-490-037, 777-490-057, 777-490-059 AND 777-490-068
(OLD APNs PORTION OF 777-490-040 AND 777-490-041)
[continues on next page]
EXHIBIT A-1
698/015610-0207
23085262.2 a11/22125 -2-
PARCEL C:
PARCEL 5 OF PARCEL MAP NO. 37207 AS SHOWN BY A MAP ON FILE IN
BOOK 242 OF PARCEL MAPS, PAGES 72 THROUGH 87, INCLUSIVE,
TOGETHER WITH PORTIONS OF PARCELS A AND B OF LOT LINE
ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS
DOCUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF SAID COUNTY,
DESCRIBED AS FOLLOWS:
PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA
QUINTA, AS DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS
INSTRUMENT NO, 2023-0128115 OF OFFICIAL RECORDS OF RIVERSIDE
COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING FROM PARCEL 5 ABOVE, ALL OIL, GAS, HYDROCARBON
SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING
MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE,
TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE
AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1 B PROPERTY LYING
MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF
FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR
AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR
MINERALS FROM SAID PHASE 1A AND 1 B PROPERTY OR OTHER LANDS,
BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE
FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF
WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE
OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 113
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE
USE OR ENJOYMENT OF THE PHASE 1A AND 1 B PROPERTY, AS
RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL
CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED
NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF
OFFICIAL RECORDS.
APNs: 777-490-042, 777-490-076 AND PORTIONS OF 777-490-072 AND 777-
490-073
(OLD APNs PORTION of 777-490-043 and 777-490-044)
[continues on next page]
EXHIBIT A-1
698/016610-0207
23085262,2 al 1122/25 -3-
PARCEL D:
PORTIONS OF PARCELS A THROUGH C, INCLUSIVE, OF LOT LINE ADJUSTMENT
NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS DOCUMENT NO. 2021-
0527060 OF OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "B" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA
QUINTA, AS DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS
INSTRUMENT NO. 2023-0128115 OF OFFICIAL RECORDS OF RIVERSIDE
COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND
MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE
HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO
DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE
1A AND 1 B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW
THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON
SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1 B PROPERTY OR
OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE
SURFACE FROM SAID PHASE 1A AND 1 B PROPERTY OR ANY PORTION
THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY
PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND I
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE
OR ENJOYMENT OF THE PHASE 1A AND I PROPERTY, AS RESERVED BY THE
CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER
CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT
NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO.
2017-0463950, BOTH OF OFFICIAL RECORDS.
APN: 777-490-074 AND PORTIONS OF APNs 777-490-072, 777-490-073, 777-490-
075, 777-490-077, 777- 490-078, 777-490-079 AND 777-490-080
(OLD APNs PORTION of 777-490-043, 777-490-044 AND 777-490-045)
[continues on next page]
EXHIBIT A-1
6981015610-0207
23085262.2 a11122/25 -4-
PARCEL E:
[INTENTIONALLY OMITTED]
PARCEL F:
PORTIONS OF PARCELS B AND C OF LOT LINE ADJUSTMENT NO. 2020-
0005, RECORDED SEPTEMBER 2, 2021 AS DOCUMENT NO. 2021-0527060
OF OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "C" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA
QUINTA, AS DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS
INSTRUMENT NO. 2023-0128115 OF OFFICIAL RECORDS OF RIVERSIDE
COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES,
AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN
FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE
RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS
OF THE PHASE IA AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED
(500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL
PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION
OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID
PHASE 1A AND 1 B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE
1A AND 1 B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE
HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR
PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1 B
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE
USE OR ENJOYMENT OF THE PHASE 1A AND 1 B PROPERTY, AS
RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL
CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED
NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF
OFFICIAL RECORDS.
PORTION APN: 777-490-075, 777-490-077, 777-490-078, 777-490-079 AND
777-490-080
(OLD APNs PORTION of 777-490-044 AND 777-490-045)
[continues on next page]
EXHIBIT A-1
6061015610-0207
23065262.2 al 1122125 -5-
7_1:Zy�Lse
PORTIONS OF PARCEL C OF LOT LINE ADJUSTMENT NO. 2020-0005,
RECORDED SEPTEMBER 2, 2021 AS DOCUMENT NO. 2021-0527060 OF
OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "D" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA
QUINTA, AS DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS
INSTRUMENT NO. 2023-0128115 OF OFFICIAL RECORDS OF RIVERSIDE
COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES,
AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN
FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE
RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS
OF THE PHASE 1AAND I
PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON
SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1 B PROPERTY
OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE
EITHER THE SURFACE FROM SAID PHASE 1A AND 1 B PROPERTY OR ANY
PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE
FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE
PHASE 1A AND 1 B PROPERTY IN SUCH A MANNER AS TO CREATE A
DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1 B
PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA
MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED
RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND
RECORDED NOVEMBER 6, 2017, AS
INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS.
PORTION APN: 777-490-079
(OLD APN PORTION of 777-490-045)
[continues on next page]
EXHIBIT A-1
6981015610-0207
23085262.2 a11122/25 -6-
PARCEL H:
LOTS 1 THROUGH 29 AND LOTS A THROUGH L, OF TRACT NO. 37730, IN
THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA,
FILED IN BOOK 479, PAGES 27 THROUGH 33 OF MAPS, IN THE OFFICE OF
THE COUNTY RECORDER OF SAID COUNTY.
EXCEPT ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF
EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500)
FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL
INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE
1A PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE
SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE
EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON
SUBSTANCES OR MINERALS FROM SAID PHASE 1A PROPERTY OR
OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER
THE SURFACE FROM SAID PHASE 1A PROPERTY OR ANY PORTION
THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY
PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE
USE OR ENJOYMENT OF THE PHASE 1A PROPERTY, AS RESERVED BY
THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND
CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 6, 2017, AS
INSTRUMENT NO. 2017-0463950 OF OFFICIAL RECORDS.
APNs: 777-510-001 THRU -023; 777-510-025; 777-520-001 THRU -018
EXHIBIT A-1
698101561M207
23085262.2 a11122125 -7-
PARCELI:
Parcels E, F and G of Parcel Map No. 37207, in the City of La Quinta, County of
Riverside, State of California, as shown by a Map filed for Record May 3, 2017 in
Book 242, Pages 72 through 87, inclusive of Parcel Maps, in the Office of the
County Recorder of said County.
Excepting all oil, gas, hydrocarbon substances, and minerals of every kind and
character lying more than five hundred (500) feet below the surface, together
with the right to drill into, through, and to use and occupy all parts of the Phase
1A and 1 B property lying more than five hundred (500) feet below the surface
thereof for any and all purposes incidental to the exploration for and production of
oil, gas, hydrocarbon substances or minerals from said Phase 1A and 1 B
property or other lands, but without, however, any right to use either the surface
from said Phase 1A and 1 B property or any portion thereof within five hundred
(500) feet of the surface for any purpose or purposes whatsoever, or to use the
Phase 1A and 1 B property in such a manner as to create a disturbance to the
use or enjoyment of the Phase 1 A and 1 B property, as reserved by The City of
La Quinta, a California Municipal Corporation and Charter City, in the Grant Deed
recorded November 28, 2018, as Instrument No. 2018-0464674, of Official
Records.
FOR INFORMATIONAL PURPOSES ONLY: APN: 777-490-053, 777-490-054,
777-490-055
[End of legal description for Phase 1A Property]
EXHIBIT A-1
698/0156104207
23085262.2 a11/22/25 -8-
EXHIBIT A-2
LEGAL DESCRIPTION OF PHASE 1 B PROPERTY
All that certain property located in the City of La Quinta, County of Riverside,
State of California, described as follows:
PARCEL1:
THAT PORTION OF PARCEL 10 OF PARCEL MAP NO. 37207, IN THE CITY
OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS
SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87,
INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "B" OF LOT LINE ADJUSTMENT NO. 2020-0007, AS DISCLOSED BY
GRANT DEED RECORDED AUGUST 20, 2021 AS INSTRUMENT NO. 2021-
0499856 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES,
AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN
FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE
RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS
OF THE PHASE 1A AND 1 B PROPERTY LYING MORE THAN FIVE HUNDRED
(500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL
PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION
OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID
PHASE 1A AND 1 B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE
1A AND 1 B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE
HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR
PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 18
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE
USE OR ENJOYMENT OF THE PHASE 1A AND 1 B PROPERTY, AS
RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL
CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED
NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF
OFFICIAL RECORDS.
APN 777-060-083
[continues on next page]
EXHIBIT A-2
698/015610-0207
23095262.2 a11/22/25 -1-
PARCEL2
THAT PORTION OF PARCEL 11 OF PARCEL MAP NO. 37207, IN THE CITY
OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS
SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87,
INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "C" OF LOT LINE ADJUSTMENT NO. 2020-0007, AS DISCLOSED BY
GRANT DEED RECORDED AUGUST 20, 2021 AS INSTRUMENT NO. 2021-
0499856 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES,
AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN
FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE
RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS
OF THE PHASE 1A AND 1 B PROPERTY LYING MORE THAN FIVE HUNDRED
(500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL
PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION
OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID
PHASE 1A AND 1 B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE
1A AND 1 B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE
HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR
PURPOSES WHATSOEVER, OR TO USE THE PHASE 1AAND 1B
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE
USE OR ENJOYMENT OF THE PHASE 1A AND 1 B PROPERTY, AS
RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL
CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED
NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF
OFFICIAL RECORDS.
I_1�PtrrE�Io f II:
[continues on next page]
EXHIBIT A-2
698/015610-0207
23085262.2.11/22/25 -2-
PARCEL 3:
PARCEL 12 OF PARCEL MAP NO. 37207, AS SHOWN BY A MAP FILED IN
BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE
CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN
THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES,
AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN
FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE
RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS
OF THE PHASE 1A AND 1 B PROPERTY LYING MORE THAN FIVE HUNDRED
(500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL
PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION
OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID
PHASE 1A AND 1 B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE
1A AND 1 B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE
HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR
PURPOSES WHATSOEVER, OR TO USE THE PHASE 1AAND 113
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE
USE OR ENJOYMENT OF THE PHASE 1A AND 1 B PROPERTY, AS
RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL
CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED
NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF
OFFICIAL RECORDS.
APN 777-060-075 AND APN 777-060-078
[continues on next page]
EXHIBIT A-2
698/015610-0207
23085262.2 aI U22/25 -3-
PARCEL 4:
THAT PORTION OF PARCELS 9, 10, 11 AND 19 OF PARCEL MAP NO. 37207
IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72
THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE
COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS:
PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2020-0007, AS DISCLOSED BY
GRANT DEED RECORDED AUGUST 20, 2021 AS INSTRUMENT NO. 2021-
0500015 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF
CALIFORNIA, AS DESCRIBED THEREIN.
EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES,
AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN
FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE
RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS
OF THE PHASE 1A AND 1 B PROPERTY LYING MORE THAN FIVE HUNDRED
(500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL
PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION
OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID
PHASE 1A AND 1 B PROPERTY OR OTHER LANDS, BUT WITHOUT,
HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE
1A AND 1 B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE
HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR
PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B
PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE
USE OR ENJOYMENT OF THE PHASE 1AAND 1B PROPERTY, AS
RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL
CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED
NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED
NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF
OFFICIAL RECORDS.
APNs: 777-490-046, 777-490-071, 777-060-082, AND 777-060-084
(OLD APNs PORTION of 777-490-052, 777-060-076 and 777-060-077)
[end of legal description for Phase 1 B Property]
EXHIBIT A-2
698/015610-0207
23085262.2.1122/25 -4-