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LIMITED RIGHT TO NEGOTIATE WITH THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE 1.0 PARTIES AND DATE THIS AGREEMENT is made on this 2nd day of March , 1999, by and between the Redevelopment Agency of the City of Riverside, a public agency, created and authorized to transact business pursuant to the California Health and Safety Code (the "Agency"), having its office at 3900 Main Street, Riverside, California 92522, and the Germania Corporation, a California C Corporation, having its principal offices at 11441 Heacock St., Suite H, Moreno Valley, CA, 92557 (the "Developer"). 2.0 RECITALS 2.1 The Proi ect In furtherance of the objectives of the Community Redevelopment Law, the Agency has undertaken a program for the clearance, reconstruction, development and rehabilitation of blighted areas in the City, and is engaged in carrying out a redevelopment project known as the Downtown/Airport Industrial Merged Redevelopment Project (hereinafter called "Project Area") over an area of the City referred to as the Project Area. The Redevelopment Plan for the Project Area was adopted by the Riverside City Council by Ordinance No. 3872 on December 1, 1972, and amended by Ordinance No. 4108 on May 7, 1974, Ordinance No. 4246 on November 18, 1975, Ordinance No. 5238 on November 27, 1984, Ordinance No. 5872 on September 25, 1990 and by Ordinance 6190 on December 20, 1994. 2.2 Developer's Proposal The Developer desires to purchase and develop portions of certain real property within the Project Area. The Developer desires to negotiate a contract ("Owner Participation Agreement," hereinafier referred to as the "OPA") with the Agency concerning the Agency's possible provision of assistance to the Developer. This assistance may include, without guarantee, a land write down, marketing assistance and fast-tracking of plans and permits. 3.0 TERMS 3. I Negotiation 3.1.1 Good Faith Negotiations Agency and Developer agree, for the period set forth below, to negotiate in good faith the terms and conditions of an OPA for consideration by Agency and Developer, concerning certain real property (the "Site") located within the Project Area. The Site is shown on the Site Map (Exhibit I attached hereto and incorporated herein by this reference). The term "negotiate" as used herein shall preclude the Agency from accepting development proposals from persons or entities other than Developer, or discussing with persons or entities other than Developer plans for the Site which might be acceptable to the Agency. Except as stated in section 3.5.3 of this Agreement, during the Negotiation Period the Agency shall not negotiate with any other person or