Document:

EX-10.4

 Exhibit 10.4 

Execution Version 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made as of the
13th day of May, 2015, by and between Global Water Resources, Inc., a Delaware corporation (the “Company”), and Michael J. Liebman, a resident of the State of Arizona (the
“Executive”). 
 RECITALS 

WHEREAS, the Company desires to employ the Executive as its Vice President, Secretary, and Chief Financial Officer, as well as
Vice President, Secretary, and Chief Financial Officer of Global Water, LLC and all utility subsidiaries, and the Executive desires to accept such employment; and 

WHEREAS, the parties desire to enter into this Agreement to set forth the terms and conditions of the Executive’s
employment with the Company. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the covenants and mutual agreements set forth herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and in reliance upon the representations, covenants and mutual agreements contained herein, the Company and the Executive agree as follows: 

1.        Employment.    Subject to the terms and
conditions of this Agreement, the Company agrees to employ the Executive as its Vice President, Secretary, and Chief Financial Officer, and as Vice President, Secretary, and Chief Financial Officer of Global Water, LLC and all regulated utility
subsidiaries, and the Executive agrees to diligently perform the duties associated with such positions, including (without limitation) those duties listed on Exhibit A attached hereto. The Executive shall perform his duties primarily at the
Company’s headquarters located in Phoenix, Arizona. The Executive will report directly to the Company’s board of directors (the “Board”), and shall perform such other duties as the Board may assign from time to time, provided
that such additional duties are reasonable and consistent with the scope of the positions held by the Executive. The Executive will devote substantially all of his business time, attention and energies to the business of the Company and will comply
with the policies and guidelines established by the Company from time to time applicable to its senior management executives. During the term of this Agreement, the Executive shall not, without the Company’s prior written consent, be a
director, officer, employee, consultant or advisor of or to any person, firm, association, syndicate, partnership, trust or corporation engaged in, concerned with or interested in a business substantially similar to the business of the Company.
Notwithstanding the foregoing, the Executive may (a) serve on civic or charitable or not-for-profit industry-related organizations, (b) engage in charitable, civic, educational, professional community and/or industry activities without
remuneration therefore, (c) manage personal and family investments, and (d) purchase securities in any corporation whose securities are regularly traded, provided that such purchase shall not result in the Executive beneficially owning 5%
or more of the equity securities of any business in competition with the Company at any time. 

2.        Term.    The Executive will be employed
under this Agreement from the date of Execution until May 13, 2019, unless the Executive’s employment is terminated earlier pursuant to Section 7. Thereafter, the Agreement will automatically renew for one or more additional
12-month periods (each a “Renewal Term”), unless on or before December 31, 2018 (or December 31st during the year of the then current Renewal Term, as applicable),
either the Executive or the Company notifies the other party in writing that it wishes to terminate employment under this Agreement at the end of the term then in effect. 

3.        Base Salary.    The Company will pay the
Executive an annual base salary (“Base Salary”) of $225,000 during the first calendar year of the term of this Agreement. As of January 1, 2016, the annual base salary will increase to $235,000. As of January 1, 2017, the
annual base salary will increase to $250,000. Thereafter, the Board (or its compensation committee) shall review the Base Salary on an annual basis to determine whether any increases are appropriate based on a combination of factors, which shall
include (without limitation) the Executive’s achievement of specified performance objectives and/or the amount of compensation paid to the Executive’s peers at other, similarly situated public companies. The Base Salary may not be reduced
without the Executive’s consent. The Base Salary will be payable in accordance with the payroll practices of the Company in effect from time to time and will be subject to customary withholding for applicable taxes and other deductions. 

4.        Incentive Compensation.    The Executive
may be entitled to annual incentive compensation as determined (a) in the discretion of the Board (or its compensation committee) or (b) pursuant to any incentive compensation program adopted by the Company from time to time. For each
calendar year, the Executive will be eligible to receive up to 35% of his Base Salary as a cash bonus and up to 35% of his Base Salary as incentive compensation in the form of phantom stock units, having a value of up to 35% of his Base Salary, with
the value of the phantom stock units to be determined in accordance with Global Water Resources, Inc. Phantom Stock Unit Plan (the “PSU Plan”). The actual percent of incentive compensation paid to Executive in the form of cash and phantom
stock units will be based on satisfying the performance goals for each calendar year as determined by the Board (or its compensation committee) and calculated in accordance with the bonus payments for all employees. If Executive is entitled to an
award of phantom stock units pursuant to the PSU Plan, such phantom stock units shall be subject to the terms and conditions of the PSU Plan and any award agreement issued pursuant to the PSU Plan. If Executive is entitled to receive a cash bonus,
such bonus shall be paid at such time as cash bonuses are otherwise payable to all employees under the incentive compensation program. 

5.        Reimbursement of Business Expenses.    The
Executive shall be entitled to reimbursement of reasonable and customary business expenses, including for all authorized travel and all out of pocket expenses incurred by the Executive as authorized by the Company in the performance of his duties.
The Executive shall furnish any statements, receipts, invoices and other documentation that the Company may reasonably require in connection with processing such reimbursements. 

6.        Other Benefits.    The Company will
provide to the Executive such fringe and other benefits as are regularly provided by the Company to members of its senior management team, including participation in the Company’s welfare plans (e.g., health, medical, dental, vision,
etc.) and other benefit programs (e.g., profit-sharing, long-term incentive compensation, 

  
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retirement, investment, life and disability insurance, etc.) in effect from time to time, in ease case to the extent that the Executive is eligible for participation under the terms of such plans
or programs. The Executive shall be entitled to five (5) weeks of paid vacation per year, which vacation shall be paid at a rate equal to the Executive’s then current Base Salary. The Executive may take such vacation at such time(s) as the
Executive and the Company shall mutually agree to, acting reasonably. 

7.        Termination of Employment. 

A.        Voluntary Resignation by Executive without Good
Reason.    The Executive may voluntarily terminate his employment with the Company at any time by giving two (2) weeks advance written notice to the Company (which notice period the Company may waive in whole or in
part in its sole discretion). If such voluntary termination is without Good Reason (as defined below), then (i) the Company will be obligated to pay the Executive’s then current Base Salary through the Date of Termination (as defined
below) and any incentive compensation earned in previous years but not yet paid; (ii) no incentive compensation shall be payable for the year in which the termination occurs; and (iii) the Company shall not pay or reimburse the Executive
for COBRA (as defined below) premiums for the period that the Company is required to offer COBRA coverage as a matter of law. For the avoidance of doubt, any unvested phantom stock units, stock appreciation rights or other equity-based awards shall
be forfeited. 
 B.        Voluntary Resignation by Executive with Good
Reason; Termination without Cause by the Company.    If the Executive terminates his employment with the Company with Good Reason, or if the Company terminates the Executive’s employment without Cause (as defined
below), including by providing the notice of non-renewal referenced in Section 2, then (i) the Company will be obligated to pay the Executive’s then current Base Salary through the Date of Termination and any incentive
compensation earned in previous years but not yet paid; (ii) no incentive compensation shall be payable for the year in which the termination occurs, except if during the last six (6) months of the Company’s fiscal year, (a) the
Company terminates the Executive’s employment without Cause or (b) the Executive terminates his employment with Good Reason, in which case the Executive will be paid a pro rata bonus based upon the Company’s performance for the fiscal
year payable at such time as incentive compensation is otherwise payable to employees under the incentive compensation program; (iii) if Executive timely and properly elects continuation coverage under COBRA, the Company shall reimburse Executive
for the COBRA premiums for the level of coverage that the Executive had elected prior to the Executive’s Separation from Service until the earliest of (A) 18 months following the date of Executive’s Separation from Service,
(B) the date on which the Executive becomes employed by any other employer that provides health insurance coverage, regardless of whether such coverage is comparable to the coverage provided by the Company or (C) the date the Executive is
no longer eligible to receive COBRA continuation coverage; (iv) notwithstanding the provisions in any equity, phantom stock, or stock appreciation right plan or award agreement to the contrary, any equity or stock price-based awards previously
granted will become fully vested and exercisable and all restrictions on restricted awards will lapse; and (v) the Company will pay the Executive an amount equal to the sum of (A) one and a half (1.5) times the Executive’s current
Base Salary as of the Date of Termination, and (B) three (3) times the cash bonus that the Executive earned in the year immediately preceding the Date of 

  
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Termination. Unless otherwise provided in this Agreement, this amount shall be paid in a lump-sum payment within 60 days following the Executive’s Separation from Service. 

C.        Termination for Cause by the
Company.    If the Company terminates the Executive’s employment for Cause, then, (i) the Company will be obligated to pay the Executive’s then current Base Salary through the Date of Termination and any
incentive compensation earned in previous years but not yet paid; and (ii) no incentive compensation shall be payable for the year in which the termination occurs. For the avoidance of doubt, any unvested phantom stock units, stock appreciation
rights or other equity-based awards shall be forfeited. Upon a termination for Cause by the Company, the provisions of Section 8 (Non-Solicitation) shall automatically become applicable for the six (6)-month period set forth therein,
without any further payment due to the Executive. The Executive acknowledges and agrees that the compensation herein is adequate consideration for such covenants. 

D.        Death or Disability.    If Executive dies
or becomes Disabled, then the Company will be obligated to pay (i) the Executive’s then current Base Salary through the effective date of Disability and any incentive compensation earned in previous years but not yet paid, (ii) a
pro-rated amount of the Executive’s actual incentive compensation for the year, payable at such time as incentive compensation is otherwise payable to employees under the incentive compensation program, (iii) if Executive or
Executive’s qualified beneficiary timely and properly elects continuation coverage under COBRA, the Company shall reimburse Executive or Executive’s qualified beneficiary for the COBRA premiums for the level of coverage that the Executive
had elected prior to the Executive’s death or Disability until the earliest of (A) 18 months following the date of Executive’s death or Disability, (B) the date on which the Executive becomes employed by any other employer that
provides health insurance coverage, regardless of whether such coverage is comparable to the coverage provided by the Company or (C) the date the Executive or his qualified beneficiary is no longer eligible to receive COBRA continuation
coverage; and (iv) notwithstanding the provisions in any equity, phantom stock, or stock appreciation right plan or award agreement to the contrary, any equity or stock price-based awards previously granted will become fully vested and
exercisable and all restrictions on restricted awards will lapse and, to the extent permitted under the applicable plan’s governing documents, the Executive (or the Executive’s beneficiary(ies)) shall have a period of one (1) year
from the effective date of Disability to exercise any such options (or if shorter, the expiration date of the option). 

E.        Definitions.    For purposes of this
Agreement: 

(1)        “Cause”    shall
occur if the Executive (a) has engaged in malfeasance, willful or gross misconduct, or willful dishonesty that materially harms the Company or its stockholders, (b) is convicted of a felony that is materially detrimental to the Company or
its stockholders, (c) is convicted of or enters a plea of nolo contendere to a felony that materially damages the Company’s financial condition or reputation or to a crime involving fraud; (d) is in material violation of the
Company’s ethics/policy code, including breach of duty of loyalty in connection with the Company’s business; (e) willfully fails to perform his duties under this Agreement after notice by the Company and a reasonable opportunity to
cure; or (f) impedes, interferes or fails to reasonably 

  
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cooperate with an investigation authorized by the Company or fails to follow a legal and proper Company directive. 

(2)        “COBRA” means the Consolidated Omnibus
Budget Reconciliation Act of 1985, as amended. 

(3)        “Code” means the Internal Revenue Code of
1986, as amended. 
 (4)        “Date of
Termination” shall mean (a) if this Agreement is terminated as a result of the Executive’s death, the date of the Executive’s death, (b) if this Agreement is terminated by the Executive, the last day of his employment
with the Company, (c) if this Agreement is terminated as a result of the Executive’s Disability, the effective date of the Disability, (d) if this Agreement is terminated by the Company for Cause, the date a final determination is
provided to the Executive by the Company, or (e) if this Agreement is terminated by the Company without Cause, the date notice of termination is given to the Executive by the Company. 

(5)        “Disability” shall mean if, by reason of
any medically determinable physical or mental impairment which actually hinders the Executive’s ability to perform his job and which can be expected to result in death or can be expected to last for a continuous period of not less than 12
months, the Executive is receiving income replacement benefits for a period of not less than six (6) months under an accident and health plan established by the Company for its employees. The effective date of Executive’s Disability is the
last day of the sixth month on which the Executive receives the income replacement benefits. 

(6)        “Good Reason” shall mean a Separation
from Service within two (2) years following the occurrence of one or more of the following circumstances without Executive’s express consent: (a) a material diminution in the Executive’s authority, duties or responsibilities,
(b) a material diminution in the authority, duties or responsibilities of the supervisor to whom the Executive is required to report; (c) a material diminution in Executive’s base compensation not consented to as required under
Section 3; (d) a material change in the geographic location of Executive’s principal office; or (e) any other action or inaction that constitutes a material breach by the Company of this Agreement. Executive must provide
written notice to Company of the existence of the Good Reason condition described in clauses (a) – (e) above within ninety (90) days of the initial existence of the condition. Notwithstanding anything to the contrary, an event
described in clauses (a) – (e) above will not constitute Good Reason if, within thirty (30) days after Executive gives Company notice of the occurrence or existence of an event that Executive believes constitutes Good Reason, Company
has fully corrected such event. 
 (7)        “Separation
from Service” shall mean either (a) termination of the Executive’s employment with Company and all affiliates of the Company, or (b) a permanent reduction in the level of bona fide services the Executive provides to the
Company and all affiliates to an amount that is 20% or less of the average level of bona fide services the Executive provided to the Company in the immediately preceding 36 

  
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months, with the level of bona fide service calculated in accordance with Treasury Regulations Section 1.409A-1(h)(1)(ii). Solely for purposes of determining whether the Executive has a
Separation from Service, the Executive’s employment relationship is treated as continuing while the Executive is on military leave, sick leave, or other bona fide leave of absence (if the period of such leave does not exceed six months, or if
longer, so long as the Executive’s right to reemployment with the Company or an affiliate is provided either by statute or contract). If the Executive’s period of leave exceeds six (6) months and the Executive’s right to
reemployment is not provided either by statute or by contract, the employment relationship is deemed to terminate on the first day immediately following the expiration of such six (6)-month period. Whether a termination of employment has occurred
will be determined based on all of the facts and circumstances and in accordance with regulations issued by the United States Treasury Department pursuant to Section 409A of the Code. 

F.        Release Agreement.    Notwithstanding
anything to the contrary herein, no payment shall be made under this Section 7 unless the Executive executes (and does not revoke) a legal release (“Release Agreement”), in the form and substance reasonably requested by
the Company, in which the Executive releases the Company and its affiliates, directors, officers, employees, agents, and others affiliated with the Company, from any and all claims, including claims relating to the Executive’s employment with
the Company and the termination of the Executive’s employment. The Release Agreement shall be provided to the Executive within five (5) days following the Executive’s Separation from Service. The Release Agreement must be executed and
returned to the Company within the 21- or 45-day (as applicable) period described in the Release Agreement and it must not be revoked by the Executive within the seven (7)-day revocation period described in the Release Agreement. Notwithstanding
anything in this Section 7 to the contrary, if the 21-or 45-day consideration period, plus the seven-day revocation period, spans two calendar years, the first payment to which Executive is
entitled shall be made to the Executive in the second calendar year. 

G.        Compliance with Section 409A of the
Code.    The Company believes that the payments due pursuant to this Agreement qualify for the short-term deferral exception or the separation pay exception to Section 409A as set forth in Treasury Regulation
Section 1.409A-1(b)(4). Notwithstanding anything to the contrary in this Agreement, if the Company determines that neither the short-term deferral exception, separation pay exception nor any other exception to Section 409A applies to the
payments due pursuant to this Agreement, to the extent any payments are due on the Executive’s Separation from Service and if Executive is a “specified employee” (as defined in Treasury Regulation Section 1.409A-l(i)) at the time
of Executive’s Separation from Service, then such payments shall be paid on the first business day following the expiration of the six month period following the Executive’s Separation from Service along with accrued interest at the Bank
of America, Arizona prime rate determined as of the date of the payment. This Agreement shall be operated in compliance with Section 409A or an exception thereto and each provision of this Agreement shall be interpreted, to the extent possible,
to comply with Section 409A or to qualify for an applicable exception. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to this Agreement be accelerated or subject to a further deferral except as
otherwise permitted or required pursuant to regulations and other guidance issued pursuant to Section 409A of the Code. Executive does not have any right to make any election regarding the time or form of any

  
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payment due under this Agreement. The reimbursement of the COBRA premiums provided for in the Agreement shall be paid to Executive on the fifth day of the monthly immediately follow the month in
which Executive timely remits the premium payment. Executive may not elect to receive cash or any other benefit in lieu of the benefits provided by this Agreement. 

8.        Change of Control Fee. 

A.        Notwithstanding the provisions in any equity, phantom stock or stock
appreciation rights plan or award agreement to the contrary, any equity or stock price based awards (including phantom stock units and stock appreciation rights) previously granted to the Executive will become fully vested and exercisable and all
restrictions on restricted awards will lapse upon any Change of Control (as defined below), regardless of whether Employee remains employed by the Company or its successor following the Change of Control. 

B.        If the Executive terminates his employment with the Company with Good
Reason, or if the Company terminates the Executive’s employment without Cause within 18 months following a Change of Control of the Company, the Executive will be entitled to a lump-sum cash payment equal to the sum of (i) one and a half
(1.5) times the Executive’s current Base Salary as of the date of the Change of Control, and (ii) three (3) times the cash bonus that the Executive earned in the year immediately preceding the Change of Control. Such payment
shall be made within 60 days of the date of the Executive’s Separation from Service. To the extent that any disputes arise involving the terms and conditions of this Agreement (or the termination of the Executive’s employment) following a
Change of Control, the Executive shall be entitled to reimbursement by the Company for his reasonable attorneys’ fees and other legal fees and expenses incurred in connection with contesting or disputing any such termination or seeking to
obtain or enforce any right or benefit provided for under this Agreement. Any such fees and expenses shall be reimbursed by the Company as they are incurred. All reimbursements will be made no later than December 31 of the calendar year
following the calendar year in which the expense was incurred. The amounts reimbursed in one taxable year will not affect the amounts eligible for reimbursement by Company in a different taxable year. Executive may not elect to receive cash or any
other benefit in lieu of the reimbursement of legal fees and expenses provided by this Section. If Executive is entitled to a payment pursuant to this Section 8, the Executive shall be ineligible for any payment due pursuant to
Section 7. 
 C.        For purposes of this Agreement, “Change
of Control” shall mean a “change in the ownership or effective control of a corporation,” or a “change in the ownership of a substantial portion of the assets of a corporation” within the meaning of Code
Section 409A (treating the Company as the relevant corporation) provided, however, that for purposes of determining a “change in the effective control,” “50 percent” shall be used instead of “30 percent” and for
purposes of determining a “substantial portion of the assets of the corporation,” “85 percent” shall be used instead of “40 percent.” Notwithstanding the foregoing, in the event of either (i) a merger,
consolidation, reorganization, share exchange or other transaction as to which the holders of the capital stock of GWR Global Water Resources Corp. (“GWRC”) or the Company, as the case may be, before the transaction continue after the
transaction to hold, directly or indirectly through a holding company or otherwise, shares of capital stock of GWRC or the Company (or other surviving company), as the case may be, representing more than fifty percent (50%) of the value or
ordinary voting power to elect 

  
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directors of the capital stock of GWRC or the Company (or other surviving company), as the case may be, or (ii) any increase in ownership of the Company by GWRC, such transaction(s) shall
not constitute a Change of Control. 

9.        Non-Solicitation.    The Executive hereby
covenants and agrees that for a period of one (1) year from the Date of Termination, Executive will not directly or indirectly hire or solicit for employment for any other business entity other than the Company (whether as an employee,
consultant, independent contractor, or otherwise) any person who is, or within the six (6)-month period preceding the date of such activity was, an employee, independent contractor or the like of the Company or any of its subsidiaries, unless
Company gives its written consent to such employment or offer of employment. The covenants set forth in this Section 9 will survive the Executive’s termination of employment under Section 7. 

10.      Non-Disclosure of Confidential Information. 

A.        It is understood that in the course of the Executive’s employment with
the Company, the Executive will become acquainted with Company Confidential Information (as defined below). The Executive recognizes that Company Confidential Information has been developed or acquired at great expense, is proprietary to the
Company, and is and shall remain the exclusive property of the Company. Accordingly, the Executive agrees that he will not disclose to others, copy, make any use of, or remove from the Company’s premises any Company Confidential Information,
except as the Executive’s duties may specifically require, without the express written consent of the Company, during the Executive’s employment with the Company and thereafter until such time as Company Confidential Information becomes
generally known, or readily ascertainable by proper means by persons unrelated to the Company. 

B.        Upon any termination of employment, the Executive shall promptly deliver to
the Company the originals and all copies of any and all materials, documents, notes, manuals, or lists containing or embodying Company Confidential Information, or relating directly or indirectly to the business of the Company, in the possession or
control of the Executive. 
 C.        The Executive hereby agrees that the period
of time provided for in this Section 10 and other provisions and restrictions set forth herein are reasonable and necessary to protect the Company and its successors and assigns in the use and employment of the goodwill of the business
conducted by the Company. The Executive further agrees that damages cannot compensate the Company in the event of a violation of this Section 10 and that, if such violation should occur, injunctive relief shall be essential for the
protection of the Company and its successors and assigns. Accordingly, the Executive hereby covenants and agrees that, in the event any of the provisions of this Section 10 shall be violated or breached, the Company shall be entitled to
obtain injunctive relief against the party or parties violating such covenants, without bond but upon due notice, in addition to such further or other relief as may be available at equity or law. Obtainment of such an injunction by the Company shall
not be considered an election of remedies or a waiver of any right to assert any other remedies which the Company has at law or in equity. No waiver of any breach or violation hereof shall be implied from forbearance or failure by the Company to
take action thereof. The prevailing party in any 

  
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litigation, arbitration or similar dispute resolution proceeding to enforce this provision will recover any and all reasonable costs and expenses, including attorneys’ fees. 

D.        “Company Confidential Information” shall mean
confidential, proprietary information or trade secrets of the Company and its subsidiaries and affiliates including without limitation the following: (i) customer lists and customer information as compiled by the Company; (ii) the
Company’s internal practices and procedures; (iii) the Company’s financial condition and financial results of operation; (iv) supply of materials information, including sources and costs, and current and prospective projects;
(v) strategic planning, manufacturing, engineering, purchasing, finance, marketing, promotion, distribution, and selling activities; (vi) all other information which the Executive has a reasonable basis to consider confidential or which is
treated by the Company as confidential; and (vii) all information having independent economic value to the Company that is not generally known to, and not readily ascertainable by proper means by, persons who can obtain economic value from its
disclosure or use. Notwithstanding the foregoing provisions, the following shall not be considered “Company Confidential Information”: (l) the general skills of the Executive; (2) information generally known by senior management
executives within the Company’s industry; (3) persons, entities, contacts or relationships of the Executive that are also generally known in the industry; and (4) information which becomes available on a non-confidential basis from a
source other than the Executive which source is not prohibited from disclosing such confidential information by legal, contractual or other obligation. 

11.        Waiver of Intellectual Property and Moral
Rights.    The Executive agrees that any and all ideas, concepts, processes, discoveries, improvements and inventions conceived, discovered, made, designed, researched or developed by the Executive either solely or
jointly with others, during the Executive’s employment with the Company and for the six (6) months thereafter, which relate to the Company’s business or resulting from any work the Executive does for the Company (collectively the
“Intellectual Property”), are the Intellectual Property of the Company. The Executive hereby irrevocably assigns and grants to the Company all his right, title and interest in and to such Intellectual Property (including any moral
rights thereto). The Executive agrees to deliver to the Company all papers, documents, files, electronic data or media, reasonably requested by the Company in connection therewith. Without limiting the foregoing, the Executive acknowledges that any
and all Intellectual Property, and any and all other property of the Company protectable by patent, copyright or trade secret law, developed in whole or in part by the Executive in connection with the performance of services to the Company as an
employee, are the sole property of the Company. 
 12.        Return of
Company Property Following Termination.    The Executive agrees that following the termination of his employment for any reason, he will promptly return all property of the Company, its affiliates and any divisions
thereof he may have managed that is then in or thereafter comes into his possession, including, but not limited to, documents, contracts, agreements, plans, photographs, books, notes, electronically stored data and all copies of the foregoing, as
well as any materials or equipment supplied by the Company to the Executive. 

13.        Cooperation; No Disparagement.    During
the one (l)-year period following the Executive’s Date of Termination, the Executive agrees to provide reasonable assistance to the 

  
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Company (including assistance with litigation matters), upon the Company’s request, concerning the Executive’s previous employment responsibilities and functions with the Company.
Additionally, at all times after the Executive’s employment with the Company has terminated, the Company and the Executive agree to refrain from making any disparaging or derogatory remarks, statements and/or publications regarding the other,
its employees or its services. In consideration for such cooperation, the Company shall compensate the Executive for the time the Executive spends on such cooperative efforts (at an hourly rate based on the Executive’s total compensation during
the year preceding the Date of Termination) and the Company shall reimburse the Executive for his reasonable out-of-pocket expenses the Executive incurs in connection with such cooperative efforts. 

14.        Non-Competition.    The Executive agrees
that during his employment by the Company hereunder and for a period of one (1) year thereafter, he will not (except on behalf of or with the prior written consent of the Company), within the State of Arizona either engage in or carry on,
directly or indirectly, on his own behalf or in the service or on behalf of others, as a member of a limited liability company, partner of a partnership, or as a stockholder, investor, officer, director, trustee, or as an employee, agent, associate,
consultant or in any other capacity engage in the water and wastewater utility business. This restriction shall not apply to the Executive working for a non-competitive state agency or municipal provider, or for a general contractor whose company
solely constructs utility infrastructure on behalf of municipalities and utilities. The parties intend that the covenants contained in this Section 14 shall be deemed to be a series of separate covenants one for each county in the State
of Arizona and except for geographic coverage, each such separate covenant shall be identical to the covenants contained in this Section 14. This restriction shall not apply if the Executive resigns with Good Reason or is terminated
without Cause. 
 15.        Severability.    If
any provision of this Agreement is held to be illegal, invalid, or unenforceable under any applicable law, then such provision will be deemed to be modified to the extent necessary to render it legal, valid and enforceable, and if no such
modification will make the provision legal, valid and enforceable, then this Agreement will be construed as if not containing the provision held to be invalid, and the rights and obligations of the parties will be construed and enforced accordingly.

 16.        Assignment by Company.    Nothing in
this Agreement shall preclude the Company from consolidating or merging into or with, or transferring all or substantially all of its assets to, another corporation or entity that assumes this Agreement and all obligations and undertakings
hereunder. Upon such consolidation, merger or transfer of assets and assumption, the term “Company” as used herein shall mean such other corporation or entity, as appropriate, and this Agreement shall continue in full force and effect.

 17.        Entire Agreement; Amendment;
Waivers.    This Agreement embodies the complete agreement of the parties hereto with respect to the subject matter hereof and supersedes any prior written, or prior or contemporaneous oral, understandings or agreements
between the parties that may have related in any way to the subject matter hereof. This Agreement may be amended only in writing executed by the Company and the Executive. The failure of either party to this Agreement to enforce any of its terms,
provisions or covenants will not be construed as a waiver of the same or of the right of such party to enforce the same. Waiver by either party 

  
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hereto of any breach or default by the other party of any term or provision of this Agreement will not operate as a waiver of any other breach or default. 

18.        Governing Law.    This Agreement and all
questions relating to its validity, interpretation, performance and enforcement, shall be governed by and construed in accordance with the internal laws, and not the law of conflicts, of the State of Arizona. 

19.        Notices.    Any notice required or
permitted under this Agreement must be in writing and will be deemed to have been given when delivered personally or by overnight courier service or three days after being sent by mail, postage prepaid, at the address indicated below or to such
changed address as such person may subsequently give such notice of: 
  

			
	 if to the Company:
	  	Global Water Resources, Inc.
		  	21410 North 19th Avenue, Suite 201
		  	Phoenix, Arizona 85027
		  	Attention: Chief Executive Officer
		  	Facsimile: (623) 518-4100
		
	 if to the Executive:
	  	Michael Liebman
		  	1809 W. Parnell Dr.
		  	Phoenix, AZ 85085

 20.        Dispute
Resolution.    Except as otherwise provided in Section 10(C), any dispute, controversy, or claim, whether contractual or non-contractual, between the parties hereto arising directly or indirectly out of or
connected with this Agreement, relating to the breach or alleged breach of any representation, warranty, agreement, or covenant under this Agreement, unless mutually settled by the parties hereto, shall be resolved by binding arbitration in
accordance with the Employment Arbitration Rules of the American Arbitration Association (the “AAA”). The parties agree that before the proceeding to arbitration that they will mediate their disputes before the AAA by a mediator
approved by the AAA. Any arbitration shall be conducted by arbitrators approved by the AAA and mutually acceptable to the Company and the Executive. All such disputes, controversies, or claims shall be conducted by a single arbitrator, unless the
dispute involves more than $50,000 in the aggregate in which case the arbitration shall be conducted by a panel of three arbitrators. If the parties hereto are unable to agree on the mediator or the arbitrator(s), then the AAA shall select the
arbitrator(s). The resolution of the dispute by the arbitrator(s) shall be final, binding, nonappealable, and fully enforceable by a court of competent jurisdiction under the Federal Arbitration Act. The arbitrator(s) shall award damages to the
prevailing party. The arbitration award shall be in writing and shall include a statement of the reasons for the award. The arbitration shall be held in the Phoenix/Scottsdale metropolitan area. The Company shall pay all AAA, mediation, and
arbitrator’s fees and costs. Except as otherwise provided in Section 8(A), the arbitrator(s) shall award reasonable attorneys’ fees and costs to the prevailing party. 

21.        Withholding; Release; No Duplication of
Benefits.    All of the Executive’s compensation under this Agreement will be subject to deduction and withholding authorized or required by applicable law. The Company’s obligation to make any post-termination
payments hereunder (other than salary payments and expense reimbursements through a date of 

  
 11 

 
termination), shall be subject to receipt by the Company from the Executive of a mutually agreeable release, and compliance by the Executive with the covenants set forth in Sections 9 and
10 hereof. 
 22.        Successors and
Assigns.    This Agreement is solely for the benefit of the parties and their respective successors, assigns, heirs and legatees. Nothing herein shall be construed to provide any right to any other entity or individual.

 23.        Each Party the Drafter.    This
Agreement and the provisions contained in it will not be construed or interpreted for or against any party to this Agreement because that party drafted or caused that party’s legal representative to draft any of its provisions. 

24.        Headings.    All descriptive headings of
sections and paragraphs in this Agreement are intended solely for convenience, and no provision of this Agreement is to be construed by reference to the heading of any section or paragraph. 

25.        Execution of Agreement.    This Agreement
may be executed via facsimile, .pdf or similar electronic transmission and in counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

[SIGNATURE PAGE FOLLOWS] 

  
 12 

 IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of
the date first above written. 
 COMPANY: 

GLOBAL WATER RESOURCES, INC., 

a Delaware corporation 
  

			
	 By:
	 	 /s/ Trevor T. Hill

		
	 Name:
	 	Trevor T. Hill
		
	 Title:
	 	Chairman of the Board

 EXECUTIVE: 

 

			
	 /s/ Michael J. Liebman
  

	 Michael J. Liebman

  
 13 

 EXHIBIT A 

Executive Job Description 

(See attached) 

  
 A-1EX-10.5

 Exhibit 10.5 
  

							
	 DAVID L. LANSKY
	 		  	 

	  	 OFFICIAL RECORDS OF

PINAL COUNTY RECORDER
 LAURA
DEAN-LYTLE

	 MARISCAL, WEEKS, MCINTYRE &
    _FRIEDLANDER, P.A.
	 		  	 DATE/TIME:      05/19/04 1203

	 2901 NORTH CENTRAL AVENUE
	 		  	 FEE:
                               $21.00

	 SUITE 200
	 		  	 PAGES:
                                 11

	 PHOENIX, ARlZONA 85012-2705
	 		  	 FEE NUMBER:    2004-036883

	 Nes- 61900

417
	 		  		  	

 INFRASTRUCTURE COORDINATION AGREEMENT 

THIS SERVICE AGREEMENT (this “Agreement”) is entered into as of January 28, 2004 between Phoenix
Capital Partners, LLC, an Arizona limited liability company (“Coordinator”) and Pecan Valley Investments, LLC, an Arizona limited liability company (“Landowner”). 

RECITALS 

A. Coordinator is engaged in the business of, among other things, providing the following services or benefits to landowners,
directly, or indirectly through its subsidiaries or affiliates, including Santa Cruz Water Company, LLC, an Arizona limited liability company (“SCW”) and Palo Verde Utilities Company, LLC, an Arizona limited liability company
(“PVU”): (i) developing master utility plans for both wet and dry utilities of all types, including without limitation natural gas, electricity, cable television, Internet, intranet, and telecommunications services;
(ii) providing construction services for water and wastewater treatment facilities, (iii) facilitating the provision of water and wastewater services, (iv) facilitating the provision of dry utility services, and/or (v) providing
access to long-term agreements with strategic partners that provide natural gas, electrical, telecommunications, Internet, intranet, and cable television services, and other similar services. Coordinator is a non-regulated company and is not subject
to utility regulation by the State of Arizona Corporation Commission (the “Commission”). 
 B. SCW and PVU
are (i) fully accredited public service companies approved by the Commission to provide water company and wastewater company services, respectively (the “Utility Services”), and (ii) regulated utility companies, subject to
regulation by the Commission. 
 C. Landowner is in the process of developing certain real property, as more fully described
on Exhibit A hereto (the “Development”) and, in connection therewith, desires (i) to engage Coordinator to provide various services and to coordinate the activities of SCW and PVU with respect to the provision of Utility
Services to and with respect to the Development, and (ii) to ensure that Development is included as part of the service area for SCW and PVU, on the terms and conditions hereinafter set forth. 

D. The Development is currently in the appropriate Certificate of Convenience and Necessity (“CC&N”)
covering the provisions of Utility Services by SCW and PVU. 

 AGREEMENT 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows: 
 1.        Obligations of Coordinator.
Upon execution of this Agreement, Coordinator shall coordinate its activities and those of SCW and PVU as necessary to make Utility Services available to Landowner at the property line of the Development, at a location to be designated by
Coordinator (the “Delivery Point”). In addition to other administrative services to be provided by Coordinator, Coordinator agrees to use its good faith efforts to coordinate and provide access to expanded dry utility agreements
currently in place to benefit the Development. The dry utility services may include natural gas, electricity, telephone, cable television, Internet, and intranet services. In particular, Coordinator will use its good faith efforts to negotiate
modifications to existing dry utility agreements with Coordinators to include the Development within their service boundaries. Landowner acknowledges and agrees that nothing in this Agreement is intended to prohibit Coordinator, its successors or
assigns or their respective subsidiaries or affiliates from investing in or owning companies formed for purposes of providing any one or more of the dry utility services contemplated in this Agreement. Landowner shall not be obligated to enter into
any agreements with Coordinators of or to accept any dry utility services without Landowner’s written approval, in Landowner’s sole discretion. 

2.        Coordination with SCW and PVU. Coordinator agrees to coordinate its
activities and cause SCW and PVU to provide the services more fully described on Exhibit B hereto, subject to obtaining the applicable regulatory approvals. Landowner shall be responsible for entering into separate Water Facilities Extension
and Wastewater Facilities Extension Agreements (the “Extension Agreements”) with SCW and PVU, respectively, before Coordinator shall have any obligations with respect to coordinating the activities of SCW and PVU pursuant to this
Section 2. The Extension Agreements shall be in form and content acceptable to SCW, PVU and Landowner, as applicable. Landowner acknowledges that the Extension Agreements may provide that if the Development exceeds two-hundred and fifty
(250) acres, Landowner may be required to utilize effluent for both peak and off-peak periods. 

3.        Obligations of Landowner. Landowner agrees to cooperate with
Coordinator as reasonably requested by Coordinator and agrees to provide all information and documentation about the Development necessary for Coordinator to comply with its obligations under this Agreement. In addition, Landowner agrees to grant to
SCW and/or PVU, as the case may be, all necessary easements and rights of way for the construction and installation and subsequent operation, maintenance and repair of the Utility Services. Such easements and rights of way shall be of adequate size,
location and configuration so as to allow SCW and PVU ready and all weather access to all facilities for maintenance and repairs and other activities necessary to provide safe and reliable water and wastewater Utility Services. In addition,
Landowner agrees to provide and transfer to sew any and all water rights including, but not limited to, Grandfathered Irrigation Rights and/or Type I rights which run with or relate to the Development and which Coordinator determines, in its sole
discretion, to be useful. Further, any wells which Coordinator, in its sole discretion, deems useful, whether operational, abandoned, agricultural or otherwise, will be transferred and conveyed by Landowner to SCW at

 no cost to SCW or Coordinator. Lastly, if Coordinator and/or SCW identify future wells sites,
Landowner shall cause such well sites to be identified on the Plat Approval and dedicated to SCW in fee, free of all liens, claims and encumbrances of any kind or nature whatsoever. Any well sites not transferred to SCW are to be decommissioned at
the Landowner’s expense. 
 4.        Payment Obligations. Upon the date
Landowner’s obtaining final plat approval with respect to the Development and such plat being recorded in the Official Records of Pinal County, Arizona (the “Plat Approval”) Landowner shall pay Coordinator the sum of $2,300.00
per equivalent dwelling unit in the Development (the “Landowner Payment.”), adjusted upward based on a CPI factor, which is defined as the Consumer Price Index – United States City Average – for All Urban Consumers –
All Items published by the United States Department of Labor, Bureau of Labor Statistics (“Index”), with the Index for the month of January 2005 being treated as the base Index, plus two percent (2%). If the Index is discontinued or
revised during the term of this Agreement, such other government index or computation with which it is replaced shall be utilized, and modified as necessary, to obtain substantially the same result as would be obtained if the Index had not been so
discontinued or revised. For example, if the Landowner Payment was due in February 2006 and the most current available Index was 187.3 and the Index for January 2005 was 182.5, the Landowner Payment per Lot would be calculated as follows: $2,300 x
187.3/182.5 x 1.02 = $2,407.70. For the purposes of this Section 4, the number of equivalent dwelling units within the Development shall be calculated as follows: (i) each single family residential lot included in the Plat Approval
shall constitute one (1) equivalent dwelling unit, (ii) each gross acre of retail or commercial office property included in the Plat Approval shall constitute three (3) equivalent dwelling units, (iii) each gross
acre of industrial property included in the Plat Approval shall constitute four (4) equivalent dwelling units; and (iv) each gross acre of multi-family property included in the Plat Approval shall constitute five (5) equivalent
dwelling units. If the payment to be made by Landowner pursuant to this Section 4 is due and owing pursuant to clause (ii) above prior to the Plat Approval, Coordinator shall reasonably calculate the Landowner Payment and Landowner
shall make an initial payment based upon Coordinator’s reasonable calculation. Following the Plat Approval, Landowner and Coordinator shall reconcile the amount paid by Landowner pursuant to the preceding sentence with the actual Landowner
Payment and Landowner shall pay to Coordinator or Coordinator shall pay to Landowner, as the case may be, the amount necessary to reconcile such payment. Fees payable to SCW and PVU, and reimbursement for certain costs and expenses incurred by
Landowner with respect to the obtaining of Utility Services are not the subject of this Agreement shall be paid and reimbursed to the appropriate parties in accordance with the Extension Agreements. 

5.        No Partnership. Coordinator and Landowner are acting as independent
contractors pursuant to this Agreement. Nothing in this Agreement shall be interpreted or construed (i) to create an association, joint venture, or partnership among the parties or to impose any partnership obligation or liability upon either
party, or (ii) to prohibit or limit the ability of Coordinator to enter into similar or identical agreements with other landowners, even if the activities of such landowners may be deemed to be in competition with the activities or Landowner.

 6.         Default. 

   (a)       Landowner shall be deemed to be in material default under this
Agreement upon the expiration of ten (10) days, as to monetary defaults, and thirty (30) days, as to nonmonetary defaults, following receipt of written notice from Coordinator specifying the particulars in which a default is claimed unless,
prior to expiration of the applicable grace period (ten (10) days or thirty (30) days, as the case may be), such default has been cured. A default by Landowner under this Agreement shall constitute a default by Landowner under the
Extension Agreements and a default by Landowner under the Extension Agreement(s) shall constitute a default under this Agreement. 

   (b)      In the event Landowner is in default under this Agreement, the
provisions hereof may be enforced by an action for specific performance, injunction, or other equitable remedies in addition to any other remedy available at law or in equity. In this regard, in the event Landowner fails to pay any amount as and
when due (including the Landowner Payment), which failure is not cured within ten (10) days after notice thereof in accordance with the provisions of Section 6(a) above, such delinquent amounts shall bear interest at the rate of fifteen
percent (15%) per annum from the due date until paid. In addition, to the extent such sums remain unpaid following such ten ( 10) day period, Coordinator may claim a lien for such sum, together with interest thereon as set forth above, which
may be foreclosed against the Development in the manner prescribed by law for the foreclosure of realty mortgages. 

   (c)      Amounts owed but not paid when due by Landowner shall be a lien
against the Development. The lien shall attach and take effect only upon recordation of a claim of lien as described below in the office of the Pinal County Recorder by Coordinator. A claim of lien shall include the following: 

 

	 	(i)	 The name of the lien claimant. 

  

	 	(ii)	 The name of the party or then owner of the property or interest against which the lien is claimed. 

 

	 	(iii)	 A description of the property against which the lien is claimed. 

 

	 	(iv)	 A description of the default or breach that gives rise to the claim of lien and a statement itemizing the amount of the claim.

  

	 	(v)	 A statement that the lien is claimed pursuant to the provisions of this Agreement and reciting the date of recordation and recorder’s document
number of this Agreement. 

  

	 	(vi)	 The notice shall be acknowledged, and after recordation, a copy shall be given to the person against whose property the lien is claimed in any
manner prescribed under Section 15 of this Agreement. The lien may be enforced in any manner allowed by law, including without limitation, by an action to foreclose a 

	 	 
mortgage or mechanic’s lien under the applicable provisions of the laws of the State of Arizona. 

   (d)      If the Landowner posts either (a) a bond executed by a fiscally
sound corporate surety licensed to do business in the State of Arizona, or (b) an irrevocable letter of credit from a reputable financial institution licensed to do business in the State of Arizona reasonably acceptable to Coordinator, which
bond or letter of credit (i) names Coordinator as the principal or payee and is in form satisfactory to Coordinator, (ii) is in the amount of one and one-half (1- 1⁄2) times the claim of lien, and (iii) unconditionally provides that it may be drawn on by Coordinator in the event of a final judgment entered by a court of competent jurisdiction in favor of Coordinator,
then Coordinator shall record a release of the lien or take such action as may be reasonably required by a title insurance company requested to furnish a policy of title insurance on such property to delete the lien as an exception thereto.
Landowner shall post the bond or letter of credit by delivery of same to Coordinator. All costs and expenses to obtain the bond or letter of credit, and all costs and expenses incurred by Coordinator, shall be borne by Landowner, unless Landowner is
the prevailing party in any litigation challenging the claimed lien. 

7.        Attorneys’ Fees. If any dispute arises out of the subject matter
of this Agreement, the prevailing party in such dispute shall be entitled to recover from the other party its costs and expenses (including reasonable attorney’s fees) incurred in litigating or otherwise resolving such dispute. The
parties’ obligations under this Section shall survive the closing under this Agreement. 

8.        Applicable Law; Venue; Jurisdiction. Tills Agreement shall be
governed by and construed in accordance with the laws of the State of Arizona, notwithstanding any Arizona or other conflict-of-law provisions to the contrary. The parties consent to jurisdiction for purposes of this Agreement in the State of
Arizona, and agree that Maricopa County, Arizona, shall be proper venue for any action brought with respect to this Agreement. 

9.        Interpretation. The language in all parts of this Agreement shall in
all cases, be construed as a whole according to its fair meaning and not strictly for nor against any party. The section headings in this Agreement are for convenience only and are not to be construed as a part hereof. The parties agree that each
party has reviewed this Agreement and has had the opportunity to have counsel review the same and that any rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not apply in the interpretation of
this Agreement or any amendments or any exhibits thereto. Except where specifically provided to the contrary, when used in this Agreement, the term “including” shall mean without limitation by reason of enumeration. All pronouns and
any variations thereof shall be deemed to refer to masculine, feminine or neuter, singular or plural, as the identity of the person(s) or entity(ies) may require. 

10.        Counterparts This Agreement shall be effective upon execution by all
parties hereto and may be executed in any number of counterparts with the same effect as if all of the parties had signed the same document. All counterparts shall be construed together and shall constitute one agreement. 

11.        Entire Agreement. This Agreement constitutes the entire integrated
agreement among the parties pertaining to the subject matter hereof, and supersedes all prior and 

 
contemporaneous agreements, representations, and undertakings of the parties with respect to such subject matter. This Agreement may not be amended except by a written instrument executed by all
parties hereto. 
 12.        Additional Instruments. The parties hereto
agree to execute, have acknowledged, and deliver to each other such other documents and instruments as may be reasonably necessary or appropriate to evidence or to carry out the terms of this Assignment. 

13.        Severability. Every provision of this Agreement is intended to be
severable. If any term or provision hereof is illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity or legality of the remainder of this Agreement. 

14.        Incorporation by Reference. Every exhibit, schedule and other
appendix attached to this Agreement and referred to herein is hereby incorporated in this Agreement by reference. 

15.        Notices. Any notice, payment, demand or communication required or
permitted to be given by any provision of this Agreement shall be in writing and shall be delivered personally to the party to whom the same is directed or sent by registered or certified mail, return receipt requested, addressed to the addresses
set forth on the signature page hereto. Any such notice shall be deemed to be delivered, given and received for all purposes as of the date so delivered if delivered personally, or three business days after the time when the same was deposited in a
regularly maintained receptacle for the deposit of United States mail, if sent by registered or certified mail, postage and charges prepaid, or if given by any other method, upon actual receipt; provided that notwithstanding the foregoing, notice of
any change of address shall be effective only upon actual receipt of such notice. 

16.        Binding Effect. This Agreement shall be binding upon and inure to
the benefit of the successors and assigns of the respective parties. This Agreement constitutes a covenant running with the land, shall be binding upon the Development for the benefit of Coordinator, its successors and assigns and any person
acquiring any portion of the Development, upon acquisition thereof, shall be deemed to have assumed the obligations of Landowner arising this Agreement with respect to the Development without the necessity for the execution of any separate
instrument. At such time as the Landowner Payment has been paid in full, Coordinator shall release this Agreement of record. 

[Signatures are on the following page.] 

 IN WITNESS WHEREOF, the parties have entered into this Agreement as of the
date first above written. 
  

					
	 COORDINATOR:

	 Phoenix Capital Partners, LLC,

	 An Arizona Limited Liability Company

 

	 By:
	 	 Phoenix Utility Management, LLC

an Arizona Limited Liability Company

		 	 Its Manager

			
		 	 By:
	 	 /s/ Cindy M. Liles

		 		 	 Cindy M. Liles

		 	 Its:
	 	 Vice President

	
	 LANDOWNER:

	 Pecan Valley Investments, LLC,

an Arizona Limited Liability Company

		
	 By:
	 	 El Dorado Pecan, L.L.C.

an Arizona Limited Liability Company

		 	 Its: Managing Agent

			
		 	 By:
	 	 El Dorado Partners, L.L.C.

		 		 	an Arizona Limited Liability Company
		 	 Its:
	 	 Managing Agent

			
		 		 	 By:/s/ Mark E. Ortman        

		 		 	 Mark E. Ortman

		 		 	 Its: Manager

 STATE OF
Arizona                    ) 

                  
          ) ss. 
 County of
Maricopa                   ) 

On January 29, 2004, before me, June Prinz, a Notary Public in and for said state, personally appeared Cindy
M. Liles, personally known to me (or proved to me on the basis of satisfactory evidence to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and
that by their signatures on the instrument, the persons, or the entity upon behalf of which the persons acted, executed the instrument. 

WITNESS my hand and official seal. 

 

	
	
	/s/ June Prinz
	Notary Public in and for said State

  

							
	My Commission Expires:	  		  	

	  	
	9-13-05                            	  	  
	  	  	  

	  
	  	  
	  	  	  

 STATE OF
Arizona                   ) 

                  
          ) ss. 
 County of
Maricopa                   ) 

On January 29, 2004, before me, June Prinz, a Notary Public in and for said state, personally appeared Mark
E. Ortman, personally known to me (or proved to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities,
and that by their signatures on the instrument, the persons, or the entity upon behalf of which the persons acted, executed the instrument. 

WITNESS my hand and official seal. 

 

	
	
	/s/ June Prinz
	Notary Public in and for said State

  

							
	My Commission Expires:	  		  	

	  	
	9-13-05                            	  	  
	  	  	  

	  
	  	  
	  	  	  

  

 EXHIBIT A 

INFRASTRUCTURE COORDINATION AGREEMENT 

LEGAL DESCRIPTION OF DEVELOPMENT 

 LEGAL DESCRIPTION 

RANCHO EL DORADO PHASE III 

FOR A PRELIMINARY PLAT 

PINAL COUNTY, ARIZONA 
 PARCEL 1

 ALL OF SECTION 13, TOWNSHIP 4 SOUTH, RANGE 3 EAST, OF THE GILA AND SALT RIVER BASE AND MERIDIAN, PINAL COUNTY, ARIZONA; 

EXCEPT THEREFROM ANY PORTION THEREOF LYING WITHIN TRACTS DD AND EE, AS RECORDED IN THE MAP OF DEDICATION FOR RANCHO EL DORADO, CABINET
C SLIDE 172, OF PINAL COUNTY RECORDS; AND ALSO 
 EXCEPT ANY PORTION THEREOF LYING WEST OF THE CENTERLINE OF THE LIBERTY COOLIDGE
TRANSMISSION LINE EASEMENT AS RECORDED IN DOCKET 1337, PAGE 870, RECORDS OF PINAL COUNTY, ARIZONA; 
 PARCEL 2 

TRACT C OF PARCEL MAP FOR RANCHO EL DORADO PHASE II ACCORDING TO CABINET D, SLIDE 130, RECORDS OF PINAL COUNTY, ARIZONA; 

PARCEL 3 
 TRACT D OF PARCEL MAP FOR RANCHO EL DORADO
PHASE II ACCORDING TO CABINET D, SLIDE 130, RECORDS OF PINAL COUNTY, ARIZONA. 
 JMI & ASSOCIATES 

2/6/04 

 EXHIBIT B 

INFRASTRUCTURE COORDINATION AGREEMENT 

DESCRIPTION OF SCW AND PVU SERVICES TO BE COORDINATED BY Coordinator 

SCW 
  

	 	-	 Expand the existing CC&N water service area to include the Development, if necessary 

 

	 	-	 Prepare a master water plan with respect to the Development 

 

	 	-	 Confirm and or develop sufficient water plant capacity for the Development 

 

	 	-	 Extend a water distribution main line to the Delivery Point 

 

	 	-	 Provide will-serve letters to applicable governmental agencies necessary for final plat approvals with a schedule of commitment dates personalized
for the Development 

  

	 	-	 Obtain a 100-year assured water supply and Certificate of Designation required for final plat approvals and Department of Real Estate approvals

  

	 	-	 Provide expedited final subdivision plat water improvement plan check and coordination with the Arizona Department of Environmental Quality for
Approvals to Construct 

  

	 	-	 Obtain/Develop facilities extension agreement for construction of infrastructure within the Development (subject to reimbursement)

 PVU 
  

	 	-	 Expand the existing CC&N wastewater service area to include the Development, if necessary 

 

	 	-	 Prepare a master wastewater plan with respect to the Development 

	 	 	 Develop a master reclaimed water treatment, retention, and distribution plan 

 

	 	-	 Confirm and or develop sufficient wastewater plant capacity for the Development 

 

	 	-	 Extend a wastewater collection system main line to the Delivery Point 

 

	 	-	 Provide all permitting and regulatory approvals including but not limited to an Aquifer Protection Permit and Central Arizona Association of
Governments (CAAG) 208 Water Quality Plan 

  

	 	-	 Provide will-serve letters to applicable governmental agencies necessary for final plat approvals with a schedule of commitment dates personalized
for the Development 

  

	 	-	 Provide expedited final subdivision plat wastewater improvement plan check and coordination with the Arizona Department of Environmental Quality
for Approvals to Construct 

  

	 	-	 Obtain/Develop facilities extension agreement for construction of infrastructure within the property boundaries and is subject to reimbursement

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