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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 />855 MAIN STREET RWC, LLC, <br />a Delaware limited liability company <br />By: 855 Main Street RWC Mezz, LLC, <br />a Delaware limited liability company, <br />iI s <br />By: <br />ar C. Johnson, Managing Member <br />[Signature must be notarized] <br />CITY <br />CITY OTjREDWOOD CITY, a <br />cnarcer c ana mum grporauo <br />Melissa 'Stevenson Diaz, Ci Man ger <br />[Signature must be notarized] <br />ATTE . /) <br />li�l <br />Pamela Aguilar, City rk <br />ATTY/AGR/2018.215/855 MAIN STREET RWC, LLC IMPROVEMENT AGREEMENT <br />REV: 10-11-18 PR Page 12 of 20 <br />