RecDoc 2016-063770 City Center Plaza

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ESTOPPEL CERTIFICATE June 1 , 2016 Wells Fargo Affordable Housing Community Development Corporation MAC D1053- 170 301 South College Street Charlotte, NC 28288 Attn: Director of Tax Credit Asset Management Silicon Valley Bank Attn: Community Development Finance 555 Mission Street, Suite 900 San Francisco, CA 94105 California Community Reinvestment Corporation 225 West Broadway, Suite 120 Glendale, CA 91204 Attn: President Re: Declaration Establishing Reciprocal Easements and Covenants Running with the Land dated as of June 18, 1996, as amended by that certain (i) First Amendment to Declaration Establishing Reciprocal Easements and Covenants Running with the Land dated as of June 5, 2012 and (ii) Amendment to First Amendment to City Center Plaza Declaration Establishing Reciprocal Easements and Covenants Running with the Land dated as of January 1 , 2016 (collectively, the "REA") regarding real property located in Redwood City, California, as more particularly described therein (the "Property") We understand that City Center Plaza, L.P., a California limited partnership (the "Partnership") will acquire the Residential Parcel from Mezes Court Associates, a California limited partnership (the "Seller") and that you are about to make an equity investment and construction and permanent loan, as applicable, in and to the Partnership and have requested that we, as the Commercial Owner under the REA, execute this Estoppel Certificate (this "Certificate") in connection therewith. We understand that you are relying on this Certificate and you shall have an independent right to enforce the terms herein. All initially capitalized terms used herein without definition shall have the meaning given such terms in the REA. We hereby represent and warrant to you that: 1 . True and correct copies of the captioned documents are attached hereto as Exhibit A.