SUPERIOR COURT OF THE STATE OF CALIFORNIA

                                     COUNTY OF ORANGE

                  

                  OWEN ALMAGRO and CHEY-MARIE        )
                  ALMAGRO,                           )
                                                     )
                                 Plaintiffs,         )
                                                     )
                         vs                         )  No 04CC04347
                                                     )
                  PINEBROOK APARTMENTS, INC, an     )
                  unknown business organization; REEF)
                  MANAGEMENT COMPANY, INC, an       )
                  unknown business organization; and )
                  DOES 1 through 300, inclusive,     )
                                                     )
                                 Defendants         )
                  ___________________________________)
                  
                  

                  

                  

                                DEPOSITION OF STEPHEN ADAMS

                                    Irvine, California

                                 Wednesday, April 20, 2005

                  

                  

                  

                  

                  

                  

                  Reported by:
                  BETH A FELIX
                  CSR No 12766
                  JOB NO 629525




                                                                        
            1            SUPERIOR COURT OF THE STATE OF CALIFORNIA

            2                        COUNTY OF ORANGE

            3     

            4     OWEN ALMAGRO and CHEY-MARIE        )
                  ALMAGRO,                           )
            5                                        )
                                 Plaintiffs,         )
            6                                        )
                         vs                         )  No 04CC04347
            7                                        )
                  PINEBROOK APARTMENTS, INC, an     )
            8     unknown business organization; REEF)
                  MANAGEMENT COMPANY, INC, an       )
            9     unknown business organization; and )
                  DOES 1 through 300, inclusive,     )
           10                                        )
                                 Defendants         )
           11     ___________________________________)
                  
           12     
                  
           13     
                  
           14     
                  
           15               Deposition of STEPHEN ADAMS, taken on 

           16          behalf of Plaintiffs, at 15 Studebaker, Suite 100, 

           17          Irvine, California, beginning at 9:49 am and    

           18          ending at 11:25 am on Wednesday, April 20, 2005, 

           19          before BETH FELIX, Certified Shorthand Reporter   

           20          No 12766

           21     

           22     

           23     

           24     

           25     




                                                                       2



                                                                        
            1     APPEARANCES:

            2     

            3     For Plaintiffs:

            4          QUINTILONE & ASSOCIATES
                       BY:  RICHARD E QUINTILONE II
            5          Attorney at Law
                       15 Studebaker, Suite 100
            6          Irvine, California  92618
                       (949) 458-9675
            7     
                  For Defendants:
            8     
                       GORDON & REES 
            9          BY:  JL SEAN SLATTERY
                       Attorney at Law
           10          101 West Broadway, Suite 1600  
                       San Diego, California  92101
           11          (619) 230-7763
                  
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            1                              INDEX

            2     WITNESS