ASSIGNMENT OF CLAIMS This ASSIGNMENT OF CLAIMS is executed and delivered this __ day of December, 2003, by Cadiz Inc., a Delaware corporation ("Cadiz"), and Sun World Noteholder Trust ("Bondholder Trust"), pursuant to the terms of that certain Sun World - Bondholder - Cadiz Term Sheet and Agreement in Principle dated as of October 13, 2003 by and among (i) Cadiz, (ii) Sun World International, Inc. ("Sun World") and its debtor affiliates, and (iii) Black Diamond Capital Management, L.L.C. and CFSC Wayland Advisers, Inc. and their respective affiliates. For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Cadiz does hereby transfer, assign and set over unto Bondholder Trust, without representation, warranty, or recourse of any kind, all of its right, title and interest in and to (i) the claims of Cadiz against Sun World as set forth on Schedule A hereto (the "Claims"), and (ii) the Proofs of Claim with respect to the Claims filed by Cadiz in Sun World's Chapter 11 case on or about August 28, 2003. IN WITNESS WHEREOF, Cadiz and Bondholder Trust have caused this instrument to be duly executed and delivered as of the day and year first above written. CADIZ: CADIZ INC., a Delaware corporation By: /s/ Keith Brackpool ----------------------------- Title: CEO -------------------------- BONDHOLDER TRUST: SUN WORLD NOTEHOLDER TRUST By: Logan & Company, Inc., Trustee By: Kathleen M. Logan ----------------------------- Title: President -------------------------- ACKNOWLEDGED BY SUN WORLD: SUN WORLD INTERNATIONAL, INC. a Delaware corporation By: /s/ Stanley E. Speer ---------------------------------- Title: Chief Financial Officer ------------------------------- SCHEDULE A CLAIM DEBTOR CLAIM AMOUNT DATE CLAIM INCURRED NO. Management Sun World Contingent/ On and 317 Services International, Unliquidated after Sept. Agreement Inc. 13, 1996 Tax Sharing Sun World Contingent/ On and 315 Agreement International, Unliquidated after Sept. Inc. 13, 1996 Notes and Sun World $13,536,056 Prior to 316 Advances International, January 30, Inc. 2003 Indemnification Sun World Contingent/ On and 313 International, Unliquidated after April Inc. 16, 1997 Indemnification Sun Desert, Contingent/ On and 314 and Inc. Unliquidated after April contribution 16, 1997 Indemnification Coachella Contingent/ On and 311 and Growers Unliquidated after April contribution 16, 1997 Indemnification Sun Contingent/ On and 312 and World/Rayo Unliquidated after April contribution 16, 1997