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7. Advice of Leval Counsel. Each Party represents and warrants to the other the following: they have carefully read this Agreement, and in signing this Agreement, they do so with full knowledge of any right which they may have; they have received independent legal advice from their respective legal counsel as to the matters set forth in this Agreement, or have knowingly chosen not to consult legal counsel as to the matters set forth in this Agreement; and, they have freely signed this Agreement without any reliance upon any agreement, promise, statement or representation by or on behalf of the other Party, or their respective agents, employees, or attorneys, except as specifically set forth in this Agreement, and without duress or coercion, whether economic or otherwise. 8. Notices. All notices, consents, requests, demands, or other communications to or upon the respective Parties shall be in writing and shall be effective for all purposes: (A) upon receipt on any City business day before 5:00 PM local time and on the next City business day if received after 5:00 PM or on other than a City business day, including without limitation, in the case of (i) personal delivery or (ii) delivery by messenger, express or air courier or similar courier, or (B) three (3) business days after being duly mailed to the principal offices of the intended Party via certified mail, return receipt requested, postage prepaid, all addressed as follows: If to City: City of Redwood City Attention: Community Development Director 1017 Middlefield Road Redwood City, CA 94064 With a mandatory copy to: City Attorney City of Redwood City 1017 Middlefield Road If Developer: Redwood City, CA 94064 Michael Halow Premia 550 Owner, LLC 801 Hamilton St. Redwood City, CA 94063 With a mandatory copy to: Aaronson Dickerson Cohn & Lanzone Attn: Camas Steinmetz, Esq. 1001 Laurel St., Suite A San Carlos, CA 94070 Either Party may change its address by providing five (5) business days' prior written notice to the other Party in the manner set forth above. REV: 05-25-17 VR Page 4 of 6 ATTY/AGR.2017.121/PREMIA 550 OWNER, LLC - Agreement to Fund Required Improvements