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4 0 • ADDENDUM NUMBER ONE TRIS ADDENDUM made this —J_3_0 day of ARril 1987, by and between CORALSTONE UTILITY COMPANY ("Coralstone CONSOLIDATED VISTA DEVELOPMENT CORPORATION ("Owner") and SEA OAKS UTILITIES, INC. ("Service Company") as an Addendum to that certain Agreement entered into between these parties, dated the _� day of _Abri , 1907. In addition to the agreements set forth in the • Agreement between the parties referred to above, Coralstone and Service Company further agree as follows: 1. All references to irrigation services irrigation systems and in the Agreement, more particularly, Paragraph 9 of the Agreement, do not .apply to Coralstone; provided, however, that in the event that Service Company develops the unanticipated need to dispose of excess effluent within Coralstone's treated franchise area described in that Agreement, then it may do so to that portion of Coralstone's franchise area which abuts State Road A -1-A and which property is not intended or used for residential purposes. In addition, and as a secondary measure, if Service Company determines it necessary, Coralstone, its successors and assigns, agrees to reasonably cooperate with Service Company waterto permit irrigation , if possible, to be elsewhere disposed of within Coralstone's franchise area. 2. Owner, by its execution of this Addendum to the Agreement, hereby signifies its consent that Service Company may provide the irrigation services and irrigation systems within Coralstone's franchise area, in accordance with Paragraph 1 above. Owner, by its execution of this Addendum to the Agreement, hereby signifies its consent that Service Company may provide sewage service to the property in accordance with the terms of the Agreement and the Addendum. stone developearea all e extension ea r3 3or otherl customerh w thins Coralst ne'srfranchise w ner to enter into Developer Agreements prior to th utility service bof y Coralstone. Said Developer Agreements shall be substantially in a form as approved by Service Company. All such Developer Agreements shall require the approval of Service Company prior to execution and/or amendment, which approval shall not be unreasonably withheld. Coralstone agrees to operate its franchise in accordance with sound utility practices consistent with American Water Works Association and industry standards. 4. Service Company agrees to postpone collection of the income tax impact charge from Coralstone as required under Paragraph 90 of the Agreement. In the event income taxes are imposed on Service Company as a result of receipt of either cash or property contributed to Service Company by Coralstone pursuant to the Service Agreement, Coralstone agrees to deposit the tax impact amount as required in Paragraph 40 of the Agreement upon receipt of written notice from Service Company that such tax liability has been assessed against Service Company. 5. Within a period of forty-five (45) days after execution of this Agreement, or prior to the owner of the Property issuing its Notice to Proceed to Coralstone and/or Service Copany, Coralstone agrees to deliver to Service Company a copy of the Title Insurance Policy or an opinion of title from a qualified attorney-at-law with respect to the Property, which opinion shall include a current report on the status o (Page 1 of 2)