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TABLE OF CONTENTS <br />(continued) <br />Page <br />11. PROHIBITIONS AGAINST ASSIGNMENT AND TRANSFER 16 <br />11.1. Status of Developer; Transfer of Substantially All Assets 16 <br />11.2. Prohibition Against Transfer of Property and Assignment of Agreement 16 <br />11.3. Release of Developer 17 <br />12. EVENTS OF DEFAULT 17 <br />12.1. Events of Default 17 <br />12.2. Notice 18 <br />12.3. Remedies 18 <br />12.4. Claims for Misrepresentation 19 <br />12.5. No Remedy Exclusive 19 <br />12.6. No Implied Waiver 19 <br />12.7. Agreement to Pay Attorneys' Fees and Expenses 19 <br />13. ADDITIONAL PROVISIONS 19 <br />13.1. Titles of Articles and Sections 19 <br />13.2. Notices and Demands 19 <br />13.3. Counterparts 20 <br />13.4. Modification 20 <br />13.5. Merger and Relationship with Other Documents 20 <br />13.6. Law Governing 21 <br />13.7. Authority Approval 21 <br />13.8. Memorandum 21 <br />13.9. Effective Date 21 <br />13.10. Third Party Litigation 21 <br />13.11. Termination and Survival of Teiuis 21 <br />1450998v8 <br />-3- <br />