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all applicable present and future laws, ordinances, codes, rules, and regulations of all applicable governmental authorities (collectively, "Legal Requirements"). Section 2. Parking Requirements (A) Total Parking Requirements: The parties acknowledge that the general plan of development for the Collateral Development and the Baseball Facilities shall be required to provide a certain minimum number of parking spaces as required by the City of Vero Beach (the"City") Code of Ordinances or pursuant to a variance or as otherwise acceptable to the City. (The minimum number of parking spaces required by the City's Code of Ordinances or pursuant to a variance or as otherwise acceptable to the City for both the Collateral Development and the Baseball Facilities is hereinafter referred to as the"Total Parking Requirements.") Accordingly, Dodgers and Developer hereby agree that a sufficient number of parking spaces shall be provided within the Collateral Development (and any other land which may be secured by Developer and acceptable to the City of Vero Beach and the Dodgers, which approval will not be unreasonably withheld as to the Dodgers) and the Baseball Facilities to satisfy the Total Parking Requirements; provided, however, that the total number of parking spaces to be provided by Dodgers within the Baseball Facilities shall not interfere with Dodgers' use of the Baseball Facilities and/or require that any of the baseball fields (including the outfield portions of the fields) be used for parking and/or otherwise result in material detriment to the Baseball Facilities. At such time as the exact number of parking spaces in the Total Parking Requirements (and the location thereof) has been finalized, the parties shall execute and record a supplemental declaration to this Declaration in order to evidence the Total Parking Requirements. (B) Collateral Development Agreement: The parties acknowledge and agree that this Declaration is not intended to modify their respective obligations set forth in the Collateral Development Agreement. (C) Parking Easements: Each party hereto, as grantor, hereby grants to the other party, as grantee, as an appurtenance to the Baseball Facilities with respect to Dodgers and the County, and as an appurtenance to the Adjacent Land with respect to Developer, and to the agents, customers, invitees, licensees, employees, and tenants of grantee, a perpetual, nonexclusive easement for the parking of motor vehicles in such parking areas of the Baseball Facilities and the Adjacent Land as may be available from time to time. (D) Parking During, Construction of Collateral Development: Dodgers and their agents, customers, invitees, licensees, employees, and tenants shall have the right to utilize for parking any and all areas of the Adjacent Land which have not yet been developed. During the construction of the Collateral Development, Dodgers and Developer shall work together to arrange for the parking on the Adjacent Land to be located in mutually satisfactory locations so that parking in close proximity to the Baseball Facilities is always available for the Baseball Facilities, while at the same time Developer's construction activities can proceed safely and efficiently, and in any event in accordance with applicable Legal Requirements. 726decla.doc Page 3 of 13