Document:

exv10w33

EXHIBIT 10.33

	 	 	 	 	 
	 

	 	
	 	OFFICIAL RECORDS OF

PINAL COUNTY RECORDER

LAURA DEAN-LYTLE

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	When recorded, please return to:
	 	DATE/TIME:	 	 	12/08/03  1634	 
	Pinal County Board of Supervisors
	 	FEE :	 		$0.00	 
	P.O. Box 827
	 	PAGES :	 	 	2	 
	Florence, Az 85232
	 	FEE NUMBER :	 	 	2003-085613	 

INDEMNIFICATION AGREEMENT

     This Agreement is entered into between Sonoran Utility Services, L.L.C. and the 387 Domestic Water
Improvement District in conjunction with the provisions of Resolution No. 120303-387DWID, on the
3rd day of December, 2003.

     In consideration for the authority granted within Resolution No. 120303-387DWID, Sonoran Utility
Services, L.L.C. shall indemnify and hold harmless the 387 Domestic Water Improvement District,
Pinal County, its elected officials, agents and employees for any damage or claim, including, but
not limited to reasonable attorney’s fees, court costs, and penalties incurred by or on behalf of
the 387 Water Improvement District, Pinal County, its elected officials, agents and employees
arising out of or connected with the exercise of the authority granted Sonoran Utility Services,
L.L.C. in Resolution No. 120303-387DWID. Sonoran Utility Services, L.L.C. further agrees to notify
parties asserting such claims in writing that the 387 Domestic Water Improvement District, Pinal
County, its elected officials, agents and employees will have no liability to them. This
indemnification provision shall survive the termination of the indemnification granted in
Resolution No. 120303-387DWID.

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Lionel D. Ruiz

	 	 
	 	/s/ George Johnson
	 	 
	 	 	 	 	 	 	 
	Lionel D. Ruiz, Chairman

	 	 	 	George Johnson, President	 	 
	Pinal County Board of Supervisors

	 	 	 	Sonoran Utility Services, L.L.C.	 	 

	 	 	 	 	 
	 	 	 
	/s/ Sheri Cluff,
 	 	 
	Sheri Cluff, 	 	 
	Deputy Clerk of the Board 	 	 

 

 

	 	 	 	 	 
	APPROVED AS TO FROM:

 	 	 
	/s/ Rick V. Husk
 	 	 
	Rick V. Husk, Deputy 	 	 
	Pinal County Attorneyexv10w34

EXHIBIT 10.3ffffffffffffff4

	 	 	 	 	 
	 

	 	
	 	OFFICIAL RECORDS OF

PINAL COUNTY RECORDER

LAURA DEAN-LYTLE

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	When recorded, please return to:
	 	DATE/TIME :	 	 	12/08/03  1634	 
	Pinal County Board of Supervisors
	 	FEE :	 		$0.00	 
	P.O. Box 827
	 	PAGES :	 	 	2	 
	Florence, Az 85232
	 	FEE NUMBER :	 	 	2003-085615	 

INDEMNIFICATION AGREEMENT

     This Agreement is entered into between Sonoran Utility Services, L.L.C. and the 387 Wastewater
Improvement District in conjunction with the provisions of Resolution No. 120303-387DWID, on the
3rd day of December, 2003.

     In consideration for the authority granted with Resolution No. 120303-387DWID, Sonoran Utility
Services, L.L.C. shall indemnify and hold harmless the 387 Wastewater Improvement District, Pinal
County; its elected officials, agents and employees for any damage or claim, including, but not
limited to reasonable attorney’s fees, court costs, and penalties incurred by or on behalf of the
387 Water Improvement District, Pinal County, its elected officials, agents and employees arising
out of or connected with the exercise of the authority granted Sonoran Utility Services, L.L.C. in
Resolution No. 120303-387DWID. Sonoran Utility Services, L.L.C. further agrees to notify parties
asserting such claims in writing that the 387 Wastewater Improvement District, Pinal Country, its
elected officials, agents and employees will have no liability to them. This indemnification
provision shall survive the termination of the indemnification granted in Resolution No.
120303-387WWID.

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	/s/ Lionel D. Ruiz

	 	 
	 	/s/ George Johnson
	 	 
	 	 	 	 	 	 	 
	Lionel D. Ruiz, Chairman

Pinal Country Board of Supervisors

	 	 	 	George Johnson, President

Sonoran Utility Services, L.L.C.	 	 

	 	 	 	 	 
	 	 	 
	/s/ Sheri Cluff,
 	 	 
	Sheri Cluff, 	 	 
	Deputy Clerk of the Board 	 	 

 

 

	 	 	 	 	 
	APPROVED AS TO FROM:

 	 	 
	/s/ Rick V. Husk
 	 	 
	Rick V. Husk, Deputy 	 	 
	Pinal County Attorneyexv10w35

EXHIBIT
10.35

	OFFICIAL RECORDS OF PINAL COUNTY RECORDER When recorded mail to: LAURA DEAN-LYTLE DATE/TLME:
10/05/05 1027 FEE: $0.00 PAGES; 5 FEE NUMBER: 2005-134949 (The above space reserved for recording
information) CAPTION HEADING DO NOT DISCARD THIS PAGE. THIS COVER PAGE IS RECORDED AS PART OF YOUR
DOCUMENT. THE CERTIFICATE OF RECORDATION WITH THE FEE NUMBER IN THE UPPER RIGHT CORNER IS THE
PERMANENT REFERENCE NUMBER OF THIS DOCUMENT IN THE PINAL COUNTY RECORDER’S OFFICE. Form RE-49

 

 

SECURITY
AGREEMENT

1.
Grant of Security Interest. For valuable consideration, the undersigned Sonoran Utility
Services, LLC, an Arizona limited liability company (“Debtor”), hereby grants and transfers to the
387 Wastewater Improvement District and the 387 Water Improvement District, both improvement
districts organized pursuant to A.R.S. Section 48-901 et. seq. (“Creditor”) a security interest
this ___day of                 , 2005 in the following property of Debtor (collectively, the “Collateral”): One
Million Dollars out of the initial purchase proceeds due to the Debtor under that certain Purchase
and Sale Agreement by and among Global Water Resources, LLC and
Debtor dated June 15, 2005 together
with whatever is received when any of the foregoing or the proceeds thereof are sold, leased,
collected, exchanged or otherwise disposed of, whether such disposition is voluntary or
involuntary, including without limitation, all rights to payment (collectively “Proceeds”).

2.
Obligations Secured. The obligation secured hereby is the requirement to pledge collateral
for the Indemnification Fund in accordance with the terms and conditions of Section 5 of the
Agreements (“Agreements”) Relating to the Management Agreements between Global Water Resources, LLC
and the Creditor dated effective September 1, 2005 (the “Indebtedness”).

3.
Termination. This Agreement will terminate in accordance with the terms and conditions of
Section 5 of the Agreements.

4.
Covenants of Debtor.

     (a) Debtor agrees to: (i) to execute and deliver such documents as Creditor
reasonably deems necessary to create, perfect and continue the security interests
contemplated hereby; (ii) not to change its name, and as applicable, its chief executive
office, its principal residence or the jurisdiction in which it is organized and/or
registered without giving Creditor prior written notice thereof; and (iii) to cooperate
with Creditor in perfecting all security interests granted herein.

     (b) Debtor agrees with regard to the Collateral and Proceeds: (i) that Creditor is
authorized to file financing statements in the name of Debtor to perfect Creditor’s
security interest in Collateral and Proceeds; (ii) not to permit any lien on the
Collateral or Proceeds except in favor of Creditor.

5.
Powers of Creditor. Debtor appoints Creditor its true attorney in fact to perform any of
the following powers, which are coupled with an interest, are irrevocable until termination of this
Agreement and may be exercised from time to time by Creditor’s officers and employees, or any of
them, upon an Event of Default: (a) to perform any obligation of Debtor hereunder in Debtor’s name
or otherwise; (b) to give notice to account debtors or others of Creditor’s rights in the
Collateral and Proceeds, to enforce or forebear from enforcing the same and make extension and
modification agreements with respect thereto; (c) to release persons liable on Collateral or
Proceeds and to give receipts and acquittances and compromise disputes in connection therewith; (d)
to release or substitute security; (e) to receive, open and read mail addressed to Debtor with
respect to the Collateral; (f) to verify
facts concerning the Collateral and Proceeds by inquiry of obligors thereon, or otherwise, in
its own name or a fictitious name; (g) to endorse, collect,

1

 

deliver and receive payment under
instruments for the payment of money constituting or relating to Proceeds; (h) to exercise all
rights, powers and remedies’ which Debtor would have, but for this Agreement, with respect to all
Collateral and Proceeds subject hereto.

6.
Events of Default. The occurrence of any of the following shall constitute an “Event of
Default” under this Agreement: (a) any default in the payment or performance of any obligation, or
any defined event of default this Agreement; (b) any impairment of the rights of Creditor in any
Collateral or Proceeds

7.
Remedies. Creditor shall have all other rights, powers, privileges and remedies granted to a
secured party upon default under the Arizona Uniform Commercial Code or otherwise provided by law,
including without limitation, the right (a) to contact all persons obligated to Debtor on any
Collateral or Proceeds and to instruct such persons to deliver all Collateral and/or Proceeds
directly to Creditor, and (b) to sell, lease, license or otherwise dispose of any or all Collateral
following not less than 20 days’ written notice to debtor and Global Water Resources, LLC. All
rights, powers, privileges and remedies of Creditor shall be cumulative. No delay, failure or
discontinuance of Creditor in exercising any right, power, privilege or remedy hereunder shall
affect or operate as a waiver of such right, power, privilege or remedy; nor shall any single or
partial exercise of any such right, power, privilege or remedy preclude, waive or otherwise affect
any other or further exercise thereof or the exercise of any other right, power, privilege or
remedy.

8.
Disposition of Collateral and Proceeds; Transfer of Indebtedness. In disposing of
Collateral hereunder, Creditor may disclaim all warranties of title, possession, quiet enjoyment
and the like. Any proceeds of any disposition of any Collateral or Proceeds, or any part thereof,
may be applied by Creditor to the payment of expenses incurred by Creditor in connection with the
foregoing, including reasonable attorneys’ fees, and the balance of such proceeds may be applied by
Creditor toward the payment of the Indebtedness.

9.
Notices. All notices, requests and demands required under this Agreement must be in writing,
addressed to Creditor, Debtor and Global Water Resources, LLC at the following addresses:

	 	 	 	 	 
	 

	 	If to Creditor:
	 	Terry Doolittle,
	 

	 	 	 	Superintendent
	 

	 	 	 	387 Districts
	 

	 	 	 	P. O. Box 827
	 

	 	 	 	Florence, AZ 85232
	 
	 	 	 	 
	 

	 	With a copy to:
	 	Kenneth C. Sundlof, Jr.
	 

	 	 	 	Jennings, Strouss & Salmon, P.L.C.
	 

	 	 	 	20I E. Washington Street, 11th Floor
	 

	 	 	 	Phoenix, AZ 85004-2385

2

 

	 	 	 	 	 
	 

	 	If to Debtor:
	 	Sonoran Utility Services, L.L.C.
	 

	 	 	 	1121 W. Warner Road., Suite 109
	 

	 	 	 	Tempe, AZ 85254
	 
	 	 	 	 
	 

	 	If to Global Water Resources, LLC:
	 	Trevor Hill
	 

	 	 	 	Deer Valley Financial Center
	 

	 	 	 	22601 N. 19th Ave, Suite 210
	 

	 	 	 	Phoenix, AZ 85027
	 
	 	 	 	 
	 

	 	With a copy to:
	 	Andrew Abraham
	 

	 	 	 	Burch & Cracchiolo, PA
	 

	 	 	 	PO Box 16882
	 

	 	 	 	Phoenix, AZ 85011

or
to such other
address as any party
may designate by
written notice to
each other party,
and shall be deemed
to have been given
or made as follows:
(a) if personally
delivered, upon
delivery; (b) if
sent by mail, upon
the earlier of the
date of receipt or
three (3) days after
deposit in the U.S.
mail, first class
and postage prepaid;
and (c) if sent by
telecopy, upon
receipt. 10.
Successors; Assigns;
Amendment. This
Agreement shall be
binding upon and
inure to the benefit
of the heirs,
executors,
administrators,
legal
representatives,
successors and
assigns of the
parties, and may be
amended or modified
only in writing
signed by
Creditor and Debtor.

11. Severability of Provisions. If any provision of this Agreement shall be held to be
prohibited by or invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of such provision or
any remaining provisions of this Agreement.

12. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of
the State of Arizona.

     IN WITNESS WHEREOF, this Agreement has been duly executed as of                                         .

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	387 Water improvement district By its chairman 387 wastewater improvement district by its
chairman 387 Water improvement district by its superintendent 387 wastewater improvement district
By its superintendent

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	PINAL COUNTY Recorder 383 NORTH MAIN ST - P. O. BOX 848 FLORENCE, AZ 85232-0848 520-866-7100 FAX:
520-866-7170 Barbara J. Kelly CHIEF DEPUTY STATE OF ARIZONA) )SS COUNTY OF PINAL ) I hereby certify
that this is a true copy of the official records on file in the office of the Recorder of Pinal
County located in DKT/PG or Fee No: _-1.2~0~0~S—=.1~34..:..=9:.:4~9 ___Pages: _1~___thru _~S’—
of_—::::..S___Date: 1010S/2005 Witness my hand and official seal: Laura Dean-Lytle, Recorder of
Pinal County BY deputy recorder DO NOT REMOVE FROM DOCUMENT, THIS IS NOW PART OF THE DOCUMENT.
1:IWINWORDIRECORDERIRECP&Plcertified copy stampFORMRE10.doc Voter Registration 520-866-7101 Casa
Grande Satellite Office: Recordings 520-866-7486 Voter Outreach 520-866-7127 820 E. Cottonwood Ln
A-2 Casa Grande Fax 520-866-7487 Micrographics Division 520-866-7117 Apache Junction Satellite
Office: Recordings 480-983-7038 or 520-866-6179 TDD Phone 520-866-7166 575 N. Idaho Rd. — Suite 110
Apache Junction Fax 520-866-6190

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