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IN WITNESS WHEREOF, the parties hereto have caused this Development Agreement to be <br />executed as of the dates set forth below: <br />OWNER /DEVELOPER: <br />Ranch on Swauk Creek, LLC. <br />Mike Jones, Authorized Signor <br />State of Washington <br />County of King <br />I certify that I know or have satisfactory evidence that signed this <br />instrument, on oath that he was authorized to execute the instrument and acknowledged it as the <br />authorized signor for Ranch on Swauk Creek LLC, or assigns, to be free and voluntary act of such party <br />for and purposes mentioned in this instrument. <br />Dated: , 20 <br />Notary Public <br />Residing at <br />My Commission Expires <br />Development Agreement — Page 12 of 13 <br />