PRE-ANNEXATION DEVELOPMENT AGREEMENT TOWN OF MARANA, ARIZONAAgreement • June 10th, 2015 • ArizonaAGREEMENT (this “Agreement ”) is made and entered into by and between the T OWN OF MARANA, an Arizona municipal corporation (the “ Town”), and NORTHLIGHT TRUST 1, a Delaware statutory trust (“ Northlight ”) The Town and Northlight are sometimes collectively referred to as the “ Parties,” either one of which is sometimes individually referred to as a “ Party.”