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21-1101_COTTON, JEFFREY AND SHANNON_Notice re Assignment of Cotton Settlement Agreement (No. 5)23325184.1 November 1, 2021 Via Email and Mail Jeffrey and Shannon Cotton 28801 San Juan Creek Road San Juan Capistrano, California 92675 Re: Notice of City of San Juan Capistrano’s Assignment of Cotton Settlement Agreement to Santa Margarita Water District Dear Jeffrey and Shannon Cotton, This letter notifies you (the “Cottons”) that the City of San Juan Capistrano (“City”) has assigned to Santa Margarita Water District (“SMWD”) the City’s rights, title, and interest in the following agreements: (1)The September 27, 2016 Settlement, Mutual Release and Well Sharing Agreement entered into between the City and the Cottons, which fully resolved litigation pending in the Orange County Superior Court (Case No. 30-2015-00778655-CU-BC-JC) between the Cottons and the City (the “2016 Agreement”); and (2)The October 31, 2017 Addendum to the Cotton Agreement (the “Cotton Addendum”). (The two agreements are collectively referred to herein as the “Cotton Agreement.”) 23325184.1 Jeffrey and Shannon Cotton October 27, 2021 Page 2 This letter further notifies the Cottons that SMWD has accepted the assignment of the City’s rights, title, and interest in, to, and under the Cotton Agreement. Sincerely, Benjamin Siegel Charles T. Gibson City Manager President of Board of Directors City of San Juan Capistrano Santa Margarita Water District cc: Dan Ferons, General Manager, Santa Margarita Water District Edward Casey, Special Counsel, Santa Margarita Water District Steve May, Project Manager, Public Works and Utilities, City of San Juan Capistrano Stephanie Hastings, Special Counsel, City of San Juan Capistrano