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AGREEMENT FOR PROPERTY MANAGEMENT SERVICES THIS AGREEMENT is made and entered into this 12th day of August , 1998, by and between the Redevelopment Agency for the City of Riverside, a public entity, hereinafter referred to as "Agency," and Inland Pacific Advisors, Inc., 5225 Canyon Crest Dr., Suite 360, Riverside, CA 92507, hereinafter referred to as "Agent." WITNESSETH: WHEREAS, Agency requires the assistance of an agent that is experienced in providing Property Management Services to Suite 800 and the grount floor retail premises of the California Tower located at 3737 Main Street, Riverside, California 92501, herein designated as the "Project" and is familiar with the plans of the Agency; WHEREAS, Agent has the necessary experience in providing property management services and advice on various issues affecting the decisions of the Agency staff regarding property management matters concerning the Project and on other matters affecting the Agency; and WHEREAS, selection of Agent will maintain project continuity and is expected to achieve the desired results in an expedited fashion; and WHEREAS, Agent has submitted a proposal to the Agency and has affirmed its willingness and ability to perform such work; NOW, THEREFORE, Agency and Agent agree as follows: 1. Retention of Consultant Agency retains Agent to perform, and Agent agrees to render, those services (hereinafter "the services ") defined in Exhibit "A" attached hereto and incorporated herein by this reference in accordance with the terms and conditions set forth herein. 2. Standard of Performance While performing the services, Agent shall exercise the reasonable professional care and skill customarily exercised by reputable members of Agent's profession practicing in the Metropolitan Southern California Area, and shall use reasonable diligence and best judgment while exercising its professional skill and expertise. 3. Term The term of this Agreement shall be from July 1, 1998 to June 30, 2000 unless earlier terminated as provided herein. 4. Personnel Agent shall furnish all personnel necessary to perform the services and shall be responsible for their performance and compensation. Agent recognizes that the qualifications and experience of the personnel to be used are vital to professional and timely completion of the services. The key personnel listed in Exhibit "B" attached hereto and incorporated herein by this reference and assigned to perform portions of the services shall I RIVOp-