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Escrow Closing Instructions 2025-12-03 Rutan to Stewart TitleRUTAN RUTAN & TUCKER, LLP VIA ELECTRONIC MAIL Stewart Title of California, Inc. Attn: Shelly Sanchez, Title Officer 11870 Pierce Street Ste 100 Riverside, Ca 92505 e-mail: shelly.sanchez@stewart.com William H. lhrke Direct Dial: (714) 338-1863 E-mail: bihrke@rutan.com December 3, 2025 Stewart Title of California, Inc. Attn: Tamara Castro, Escrow Officer 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 e-mail: tcastro@stewart.com Re: Order No. 2664882 [Escrow] Sale of Multiple Parcels, SilverRock Project, Partially Improved and Vacant Land, La Quinta, CA Order No.: 2767152 [Preliminary Report] Option for Potential Future Purchase of Multiple City -Owned Parcels, SilverRock Project, La Quinta, CA Dear Tamara and Shelly: As you are aware, our law firm serves as the City Attorney's Office for the City of La Quinta ("City"), and Brad Englander, of the law firm Whiteford Taylor & Preston LLP, serves as Special Counsel for the City in connection with those certain petitions for voluntary bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware, filed on August 5, 2024, as Case No. 24-11647 (MEW), SilverRock Development Company LLC, et al. ("Debtors"), with case number(s) identified with the last four digits of each Debtor's federal tax identification number, as applicable: SilverRock Development Company, LLC (5730), RGC PA 789, LLC (5996), SilverRock Lifestyle Residences, LLC (0721), SilverRock Lodging, LLC (4493), SilverRock Luxury Residences, LLC (6598) and SilverRock Phase I, LLC (2247) (collectively, referred to herein as the "Bankruptcy Lawsuit" in the "Bankruptcy Court"). As you are also aware, as part of the Bankruptcy Lawsuit and pursuant to orders by the Bankruptcy Court, Debtors, as "Seller(s)," have entered into that certain Purchase and Sale Agreement and Joint Escrow Instructions, dated November 12, 2025, as amended by the First Amendment, Second Amendment, and Third Amendment thereto (collectively, and with any subsequent amendments, the "Purchase Agreement"), by and between Silverrock Hotel Owner LLC, a Delaware limited liability company, Silverrock IA Resi Owner LLC, a Delaware limited liability company, Silverrock 1B Resi Owner LLC, a Delaware limited liability company and SilverRock IA Condo Owner, LLC, a Delaware limited liability company (individually and/or collectively, "Buyers"), successors -in -interest to TBE RE Acquisition Co II LLC, a Delaware limited liability company ("Original Buyer"), pertaining to Order No. 2664882 and the escrow relating to same. The Purchase Agreement governs the acquisition of partially improved and Rutan & Tucker, LLP 1 18575 Jamboree Road, V Floor Irvine, CA 92612 1 714-641-5100 1 Fax 714-546-9035 698/015610-0207 Orange County I Palo Alto I San Francisco I Scottsdale I www.rutan.com 23104591.4a12/03/25 RUTAN RUTAN 6 TUCKER. L Stewart Title of California, Inc. December 3, 2025 Page 2 vacant real property in the City, as more particularly described in the Purchase Agreement, and referred to for purposes of the escrow as the "Phase 1 Property." As you are also aware, as part of the Bankruptcy Lawsuit and pursuant to orders by the Bankruptcy Court, the City and Original Buyer have entered into the following (among other agreements): (a) that certain Reinstated and Amended Development Agreement, duly adopted by the La Quinta City Council pursuant to Ordinance No. 626 and with Reference Date November 6, 2025 ("Development Agreement"), with said Development Agreement to be recorded in the Official Records of Riverside County, California ("Recorder's Office") and immediately assigned from Original Buyer to the respective Buyers (with said Buyers under the Development Agreement referred to collectively as the "Developer") pursuant to that certain Assignment and Assumption Agreement to be entered into, dated, and recorded on even date as the Development Agreement (the "Assignment and Assumption Agreement"); and (b) that certain Option to Purchase Real Property ("Option Agreement") and Memorandum of Option Agreement ("Memorandum of Option Agreement"), to be entered into and dated (and, for the Memorandum of Option Agreement, recorded) on even date as the recording of the Development Agreement, pursuant to which (among other provisions) Original Buyer TBE RE Acquisition Co II LLC is acquiring from the City an option to purchase specified City -owned property with an amount of $2,000,000 due and payable to the City with the closing of the escrow for Buyers' acquisition of the Phase 1 Property. The Development Agreement governs the Phase 1 Property and additional City -owned real property as more particularly described in the Development Agreement and the Preliminary Report dated November 10, 2025 for Order No.: 2767152 (referred to for purposes of this letter collectively as the "City -Owned Properties") and defined in the Development Agreement as the "City -Owned Golf Course Property," "City -Owned Ahmanson Ranch Property," and "City - Owned Option Property" (that last defined term is also referred to as the "Phase 2 Property"). The Option Agreement and Memorandum of Option Agreement pertain to the City -Owned Option Property/Phase 2 Property. As you are also aware, as part of the Bankruptcy Lawsuit and pursuant to orders by the Bankruptcy Court, the City and Debtors entered into that certain Debtor -In -Possession Credit Facility Loan Agreement ("DIP Loan Agreement"), effective as of January 23, 2025, and as amended by the First Amendment thereto, approved by Order of the Bankruptcy Court entered October 23, 2025 [Docket No. 760] ("DIP Loan Amendment"), with said loan from the City to Debtors subject to super -priority (priming) repayment and in the principal amount of $11,000,000 plus interest at the rate specified in the DIP Loan Agreement, as well as payment for City legal and professional services not to exceed $600,000, and with said DIP Loan Amendment (among other provisions) waiving the City's super -priority (priming) repayment in the amount of $2,250,000 and loaning to Debtors an additional amount not to exceed $2,000,000 for "Wind Down Expenses" (as set forth and defined in the DIP Loan Amendment and Order approving the DIP Loan Amendment), and with said loan amounts, as amended, secured by: (a) that certain Deed of Trust And Assignment Of Rents Securing Debtor -In -Possession Credit Facility Loan And 698/015610-0207 23104591.4 al2/03/25 RUTAN PUTAN 6 TUCKER. LLP Stewart Title of California, Inc. December 3, 2025 Page 3 Security Agreement, dated January 23, 2025, and recorded in the Recorder's Office, on May 14, 2025, as Instrument No. 2025-0144695, as amended by that certain First Amendment To Deed Of Trust And Assignment Of Rents Securing Debtor -In -Possession Credit Facility Loan And Security Agreement, dated November 11, 2025, and recorded on November 12, 2025, as Instrument No. 2025-0354404 (collectively, the "SilverRock Development Company Deed of Trust"); and (b) that certain Deed of Trust And Assignment Of Rents Securing Debtor -In -Possession Credit Facility Loan And Security Agreement, dated January 23, 2025, and recorded on May 15, 2025, as Instrument No. 2025-0146770 (the "RGC PA 789 Deed of Trust," and, together with the SilverRock Development Company Deed of Trust, referred to in this letter as the "DIP Loan Deeds of Trust"). The DIP Loan Deeds of Trust pertain to the Phase I Property. This letter serves as the "City's Closing Instructions" to the Title Officer and Escrow Officer for the escrow pertaining to the above -referenced Order Numbers, as more particularly set forth herein. There is one escrow, and for convenience, reference to the "escrow" shall mean the escrow attached to Order No. 2664882. The City reserves the right to deliver by e-mail supplemental instructions, which must be requested by and/or approved by the City, when said supplemental instructions are necessary or appropriate to effectuate the closing of the escrow. Any supplemental instructions requested and/or approved by the City shall be integrated into this letter and deemed a part of the "City's Closing Instructions." Capitalized words not otherwise defined in this letter shall have the meanings ascribed to such terms in the Development Agreement or, if not defined in the Development Agreement, ascribed to them in the Purchase Agreement . References is made to the following documents, which have been hand -delivered to the Escrow Officer on December 2, 2025, or will be provided to Escrow Officer by the City (the "City Documents"): TERMINATION OF MULTIPLE RECORDED DOCUMENTS (SilverRock Resort Area, former Talus Project), by and between the City and Debtors (defined as "Former Developer" therein) (the "Termination of Multiple Recorded Documents"), hand -delivered to the Escrow Officer, executed and notarized by the City, with counterpart execution and notary by Debtors delivered to Escrow Officer/Title Officer; 2. SUBSTITUTION OF TRUSTEE AND DEED OF FULL RECONVEYANCE, for the SilverRock Development Company Deed of Trust (the "Reconveyance of the SilverRock Development Company Deed of Trust"), hand -delivered to the Escrow Officer, executed and notarized by the City; 3. SUBSTITUTION OF TRUSTEE AND DEED OF FULL RECONVEYANCE, for the RGC PA 789 Deed of Trust (the "Reconveyance of the RGC PA 789 Deed of Trust"), hand -delivered to the Escrow Officer, executed and notarized by the City; 698/015610-0207 23104591.4 al2/03/25 RUTAN RUTAN 6 TUCKER. LLP Stewart Title of California, Inc. December 3, 2025 Page 4 4. The Development Agreement (defined above), hand -delivered to the Escrow Officer, executed and notarized by the City and Original Buyer; 5. The Assignment and Assumption Agreement (defined above), hand -delivered to the Escrow Officer, executed and notarized by Original Buyer and other Buyers, with consent executed and notarized by the City; 6. REINSTATED AND AMENDED COVENANT AFFECTING REAL PROPERTY (GOLF COURSE USE), by and between the City and Buyer SilverRock Hotel Owner LLC (the "Golf Course Covenant"), hand -delivered to the Escrow Officer, executed and notarized by the City and Buyer SilverRock Hotel Owner LLC; 7. REINSTATED AND AMENDED COVENANT AFFECTING REAL PROPERTY (AHMANSON RANCH HOUSE), by and between the City and Buyer SilverRock Hotel Owner LLC (the "Ahmanson Ranch House Covenant"), hand -delivered to the Escrow Officer, executed and notarized by the City and Buyer SilverRock Hotel Owner LLC; TRANSIENT OCCUPANCY TAX (TOT) REVENUE SHARING AGREEMENT by and between the City and Buyers SilverRock Hotel Owner LLC, SilverRock IA Condo Owner LLC, and SilverRock IA Resi Owner LLC (the "TOT Revenue Sharing Agreement"), hand -delivered to the Escrow Officer, executed and notarized by the City and Buyers SilverRock Hotel Owner LLC, SilverRock IA Condo Owner LLC, and SilverRock I Resi Owner LLC; 9. The Memorandum of Option Agreement (defined above), hand -delivered to the Escrow Officer, executed and notarized by the City and Original Buyer; 10. The Option Agreement (defined above), hand -delivered to the Escrow Officer, executed by the City and Original Buyer; 11. ESCROW FUNDING AND HOLDBACK AGREEMENT AND JOINT ESCROW INSTRUCTIONS by the City and Original Buyer TBE RE Acquisition Co II LLC, for the benefit of Stewart Title Guaranty Company and Stewart Title of California, Inc., (the "Escrow Funding Agreement"), hand -delivered to the Escrow Officer, executed in counterpart by the City; 12. ESTOPPEL AND RECOGNITION AGREEMENT, to Schroder Taft -Hartley Income REIT, LLC, c/o Schroder Investment Management North America Inc., 7 Bryant Park, 1045 Avenue of Americas, New York, New York 10018 (the 698/015610-0207 23104591.4 a12/03/25 RUTAN RUTAN 6 TUCKER. LLP Stewart Title of California, Inc. December 3, 2025 Page 5 "Estoppel"), delivered by PDF copy and original to be hand -delivered on the date of this letter to Escrow Officer, executed by the City; and 13. ADDENDUM TO TRANSIENT OCCUPANCY TAX (TOT) REVENUE SHARING AGREEMENT (the "Addendum to TOT Revenue Sharing Agreement"), attached to the TOT Revenue Sharing Agreement with instructions NOT TO RECORD, hand -delivered to the Escrow Officer, executed in counterpart by the City. Pursuant to and in accordance with Section 2.1.1 and Article 6 (and other relevant provisions) of the Development Agreement (as assigned to Buyers pursuant to the Assignment and Assumption Agreement) and Sections 1(a) and 3(a) (and other relevant provisions) of the Option Agreement, the City's Closing Instructions are to provide you conditions and instructions for receipt, assembly (as appropriate), recording (as appropriate), and delivery of the City Documents, the disbursement to the City for payments from funds as set forth below, and the holdback and redeposit of the City Holdback Amount (defined below) into a separate, specified interest -bearing escrow account, all to be serviced through the escrow. You are authorized and directed to proceed with the actions described in Section 2.1.1 of the Development Agreement and Section 1(a) and 3(a) of the Option Agreement, according to the following conditions and instructions: A. Receipt and Disbursement from funds for payments to the City; Holdback and Re - Deposit of funds received for payment of DIP Loan. Receipt of funds from Debtors and Original Buyer shall be as specified below. Disbursement to the City for payment of funds, as specified below, shall be by wire transfer, with wire instructions and escrow demand for payment from Debtors to be delivered to you from the City's Finance Director and Treasurer, Claudia Martinez, by separate e- mail transmittal (the "City's Escrow Demand Materials"): (i) You are instructed to hold for the benefit of the City, with good and marketable funds in U.S. dollars from the Debtors, the amount of $9,596,465.11_ (plus the daily rate of interest since December 1, 2025, as specified in the City's Escrow Demand Materials) (the "Debtor's Payment") to repay the City for the loan and for the legal and professional services in accordance with the DIP Loan Agreement and DIP Loan Amendment (referred to as the "DIP Loan Repayment Amount"); (ii) You are instructed to hold for the benefit of the City, with good and marketable funds in U.S. dollars from the Original Buyer, the amount of $2,000,000.00 (the "Original Buyer's Payment") as consideration for the option granted by the City to Original Buyer pursuant to the Option Agreement; 698/015610-0207 23104591.4 a12/03/25 RUTAN RUTAN 6 TUCKER. - Stewart Title of California, Inc. December 3, 2025 Page 6 (iii)Upon authorization from the City to proceed with recording of the City Documents (as set forth below) and you receiving confirmation of said recording, you are instructed as follows with respect to the Debtor's Payment for the DIP Loan Repayment Amount: 1) The amount of $375,000.00 (the "City Holdback Amount") shall be heldback by the Escrow Officer in order to fund the City's obligation pursuant to the Escrow Funding Agreement. Upon the identification and opening of a separate, specified interest -bearing escrow account (the "Funding/Holdback Escrow") in accordance with the Escrow Funding Agreement, said funds that constitute the City Holdback Amount shall be deposited into said Funding/Holdback Escrow, notice shall be delivered by e-mail to the City Manager (defined below) and myself, as well as the unique identifying information of the Funding/Holdback Escrow, such as the account number and/or order number, and location/office and individual(s) servicing the Funding/Holdback Escrow; and 2) The balance of the Debtor's Payment (i.e., the DIP Loan Repayment Amount less the City's Holdback Amount) shall be disbursed to the City in accordance with the City's Escrow Demand Materials; (iv)Upon authorization from the City to proceed with recording of the City Documents (as set forth below) and you receiving confirmation of said recording, you are instructed to disburse to the City the Original Buyer's Payment in accordance with the City's Escrow Demand Materials; and (v) Upon confirmation from the City of the successful wire transfer of the Debtor's Payment and Original Buyer's Payment, the escrow may be closed as long as all other conditions and instructions set forth in the City's Closing Instructions have been satisfied. B. Assembly, o�ty Documents. The City Documents have been hand delivered or will be delivered as specified above. Assembly of City Documents, if required, shall be as specified below: (i) For the Termination of Multiple Recorded Documents: Insert the date of closing into the preamble, and insert the Debtors' executed and notarized signature pages. Said document and exhibits, as hand delivered by the City, 698/015610-0207 23104591.4 a12/03/25 RUTAN R-H 6 TUCKER. - Stewart Title of California, Inc. December 3, 2025 Page 7 with the Debtors' executed and notarized signature pages integrated, shall be used for recording according to the instructions below; (ii) For the Reconvevance of the SilverRock Development Company Deed of Trust, no further assembly is required. Said document and exhibit, as hand delivered by the City, shall be used for recording according to the instructions below; (iii)For the Reconveyance of the RGC PA 789 Deed of Trust, no further assembly is required. Said document and exhibit, as hand delivered by the City, shall be used for recording according to the instructions below; (iv)For the Development Agreement, no further assembly is required. Said document and exhibits, as hand delivered by the City, shall be used for recording according to the instructions below; (v) For the Assignment And Assumption Agreement: Insert the date of closing into the preamble, and insert either (a) "recorded concurrently herewith" or (b) the recorded Instrument No. for the Development Agreement, into Recital B. Said document and exhibits, as hand delivered by the City, with the additional inserted information, shall be used for recording according to the instructions below; (vi)For the Golf Course Covenant: Insert the date of closing into the preamble. Said document and exhibits, as hand delivered by the City, with the additional inserted information, shall be used for recording according to the instructions below; (vii) For the Ahmanson Ranch House Covenant: Insert the date of closing into the preamble. Said document and exhibits, as hand delivered by the City, with the additional inserted information, shall be used for recording according to the instructions below; (viii) For the TOT Revenue Sharing Agreement: Insert the date of closing into the preamble. Said document and exhibits, as hand delivered by the City, with the additional inserted information, shall be used for recording according to the instructions below; (ix)For the Memorandum of Option Agreement: Insert the date of closing into the preamble and Paragraph 1, and insert either (a) "recorded concurrently herewith" or (b) the recorded Instrument No. for the Development Agreement, into Paragraph 2. Said document and exhibits, as hand 698/015610-0207 23104591.4 a12/03/25 RUTAN RUT- 6 TUCKER, LLP Stewart Title of California, Inc. December 3, 2025 Page 8 delivered by the City, with the additional inserted information, shall be used for recording according to the instructions below; (x) For the Option Agreement: Insert the date of closing into the preamble, and insert the recorded Instrument No. for the Development Agreement into Recital B. Said document and exhibits, as hand delivered by the City, with the additional inserted information, shall be delivered to respective parties according to the instructions below; (xi)For the Escrow Funding Agreement: Insert the date of closing at the top of the signature page (page 7), insert the Original Buyer's executed counterpart signature page (with the corrected form signature page used), insert Stewart Title Guaranty Company's executed counterpart signature page, and insert Stewart Title of California's executed counterpart signature page. Said document and exhibits, as hand delivered by the City, with inserted information and parties' executed counterpart signature pages integrated, shall be delivered to the respective parties according to the instructions below; (xii) For the Estoppel: Insert the date of closing at the top of the first page (page 1) of the original signed Estoppel from the City, which will be hand - delivery to you. Said document, once the original is delivered to you and with the closing date inserted, shall be delivered to the respective parties according to the instructions below; and (xiii) For the Addendum to TOT Revenue Sharing Agreement: Insert the Original Buyer's executed counterpart signature page. Said document, as hand delivered by the City, with inserted executed counterpart signature page integrated, shall be delivered to the respective parties according to the instructions below. C. Recording of City Documents in the Recorder's Office. After assembly of the City Documents as set forth above, and upon authorization from the City and other respective parties to proceed with recording of documents, recording of the City Documents in the Recorder's Officer shall as specified below: (i) Prior to the recording of the Grant Deed conveying the fee interest of the Phase 1 Property from Debtors (Sellers) to Buyers pursuant to the Purchase Agreement and Sellers' closing instructions ("Grant Deed"), the following City Documents shall be recorded, immediately sequential, in the following order: 698/015610-0207 23104591.4 a12/03/25 RUTAN RUTAN 6 TUCKER. LLP Stewart Title of California, Inc. December 3, 2025 Page 9 1) Termination of Multiple Recorded Documents, 2) Reconveyance of the SilverRock Development Company Deed of Trust, and 3) Reconveyance of the RGC PA 789 Deed of Trust; (ii) Immediately after the recording of the Grant Deed, and prior to recording any other document in the Recorder's Office as part of the escrow, the following City Documents shall be recorded, immediately sequential, in the following order: 1) Development Agreement, 2) Assignment And Assumption Agreement, 3) Golf Course Covenant, 4) Ahmanson Ranch House Covenant, 5) TOT Revenue Sharing Agreement, and 6) Memorandum of Option Agreement; (iii)Only after recording all City Documents as set forth above, recording of additional documents may proceed pursuant to the loan agreement (and related loan documents) between the Buyers and the "Lender" (as identified and defined in the Estoppel) and pursuant to any instructions or conditions issued by Buyer relating thereto. D. Delivery of City Documents. After recording of the City Documents to be recorded as set forth above, and after assembly of the City Documents that are not to be recorded as set forth above, the fully executed and notarized (as appropriate) City Documents shall be delivered to the parties as follows: (i) For the Termination of Multiple Recorded Documents: the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City, Seller(s), and Buyer(s); (ii) For the Reconveyance of the SilverRock Development Company Deed of Trust, the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City, Seller(s), and Buyer(s); 698/015610-0207 23104591.4 a12/03/25 RUTAN RUTAN 5 TUCKER. LLP Stewart Title of California, Inc. December 3, 2025 Page 10 (iii)For the Reconveyance of the RGC PA 789 Deed of Trust, the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City, Seller(s), and Buyer(s); (iv)For the Development Agreement, the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City and Buyer(s); (v) For the Assignment And Assumption Agreement: the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City and Buyer(s); (vi)For the Golf Course Covenant: the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City and Buyer(s); (vii) For the Ahmanson Ranch House Covenant: the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City and Buyer(s); (viii) For the TOT Revenue Sharing Agreement: the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City and Buyer(s); (ix)For the Memorandum of Option Agreement: the original document shall be returned to the City, and conformed copies of the recorded document shall be delivered to the City and Buyer(s); (x) For the Option Agreement: the original document shall be returned to the City, and copy of the fully executed document shall be delivered to the Buyer(s); (xi)For the Escrow Funding Agreement: the original document shall be returned to the City, and copy of the fully executed document shall be delivered to the Buyer(s), Stewart Title Guaranty Company and Stewart Title of California, Inc.; (xii) For the Estoppel, the original document shall be delivered to the Lender (as defined in the Estoppel), and copy of the fully executed document shall be delivered to the City and Buyer(s) ; and 698/015610-0207 23104591.4 a12/03/25 RUTAN RUTAN 6 TUCKER. LLV Stewart Title of California, Inc. December 3, 2025 Page 11 (xiii) For the Addendum to TOT Revenue Sharing Agreement: the original document shall be returned to the City, and copy of the fully executed document shall be delivered to the Buyer(s). For reference, the following City Documents constitute the "La Quinta Amended Development Documents" as identified in the Development Agreement, Purchase Agreement, and Sellers' closing instructions: Development Agreement, Assignment and Assumption Agreement, Golf Course Covenant, Ahmanson Ranch House Covenant, TOT Revenue Sharing Agreement, Option Agreement, and Memorandum of Option Agreement. Said documents shall be subject to the receipt, assembly (as appropriate), recording (as appropriate), and delivery as set forth herein. If for any reason the above conditions and instructions have not been satisfied by 5:00 p.m. on Closing Date as defined in the Purchase Agreement (as amended), unless otherwise instructed by City Manager Jon McMillen ("City Manager") or myself, you must return to me the City Documents on the next business day. Prior to the closing of the escrow, you must have received approval from either the City Manager or myself of the final settlement statement ("Settlement Statement") prepared in connection with this escrow. Prior to the closing of the escrow, all the above conditions and instructions must have been satisfied and completed (or, for the delivery of the City Documents as set forth above, the Escrow Officer has arranged for delivery of the respective documents within five (5) business days of the closing date for the escrow), with said conditions and instructions subject to any supplemental instructions approved by the City. The City hereby reserves the right to modify, supplement or revoke the City's Closing Instructions at any time by written instructions from either the City Manager or myself, to you. You are also hereby authorized to accept any modification, supplement or revocation of these instructions by email from either the City Manager or myself. By your signature below, you hereby agree to the terms and conditions set forth herein, and acknowledge that the party signing this document on your behalf is authorized to do so. A signed copy of these City's Recording Instructions must be returned to the undersigned. Notwithstanding the undersigned's failure to receive a signed copy of these City's Recording Instructions, your act of recording the City Documents as set forth above shall constitute evidence of your agreement with the contents of these recording instructions. 698/015610-0207 23104591.4 a12/03/25 RUTAN PUT.N 6 TUCNEP. LLP Stewart Title of California, Inc. December 3, 2025 Page 12 If you have any questions, or for any reason cannot accept and comply with these City's Closing Instructions, please contact me immediately. Very truly yours, RUTAN & TUCKER, LLP William H. Ihrke WHI Attachments cc: [All sent via e-mail] Jon McMillen, La Quinta City Manager Brad Englander, La Quinta Special Counsel Susan Bonanno, Debtors Counsel Erin Fay, Debtors Counsel Catherine Lyons, Debtors Counsel Todd Eisner, Turnbridge Counsel Themes Karalis, Turnbridge Counsel Jim Vaughn, Turnbridge Counsel Stuart Brown, Turnbridge Counsel Glen Roberts, Stewart Title Kaz Bernath, Stewart Title ACKNOWLEDGED AND ACCEPTED: STEWT TITLE OF gALIFORNIA, INC. Escrow Officer 698/015610-0207 23104591.4 a12/03/25