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6.3.A. - Page 23 <br /> 37. Time is of the Essence. Time is of the essence of this Agreement and of each and every <br /> term and condition hereof. <br /> 38. Runs with the Land; Recordation. This Agreement pertains to and shall run with the <br /> Property. Upon execution, this Agreement shall be recorded in the Official Records of San Mateo <br /> County. Upon completion of performance and satisfaction by Developer of its obligations under this <br /> Agreement, including warranty obligations, a written statement shall be recorded by City in the Official <br /> Records of San Mateo County terminating this Agreement and releasing all of the Property. The recorded <br /> written statement does not release the parties from obligations that survive termination of the Agreement, <br /> including indemnification. <br /> IN WITNESS WHEREOF, City and Developer have executed this Agreement as of the Effective <br /> Date. <br /> DEVELOPER <br /> HAMILTON&WINSLOW PROPERTIES,LLC, <br /> a California limited liability company <br /> By: H&F Management,LLC, <br /> a California limited liability company, <br /> its Manager <br /> By: Harmony Services,LLC, <br /> a California limited liability company, <br /> its Manager <br /> By: �,,,_... <br /> Name: Robert R. Dean <br /> Title: Manager <br /> [Signature must be notarized] <br /> CITY <br /> CITY OF REDWOOD CITY,a <br /> charter city and municipal corporation <br /> Robert B. Bell,City Manager <br /> [Signature must be notarized] <br /> ATTEST: <br /> Silvia Vonderlinden,City Clerk <br /> REV:10-08-15 VR <br /> ATfY/AGR/2015.224/HAMILTIN&WINSLOW PROPERTIES,LLP—IA <br /> Page 12 of 19 <br />