RecDoc 2021-146163 Subordination Agreement 353 Main Street

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(c) The City hereby grants to the Junior Lienholders the right, but not the obligation, to cure any default under the City Loan Documents, and the City also agrees to accept all such performance by the Junior Lienholders. 4. Notices. All notices required or permitted by any provision of this Agreement must be in writing and sent by registered or certified mail, postage prepaid, return receipt requested, or delivered by express delivery service, return receipt requested, or delivered personally, to the principal office of the Parties as follows: City: City of Redwood City City Manager's Office- Housing Division 1017 Middlefield Road Redwood City, CA 94063 Attn: City Manager Housing Authority: Housing Authority of the County of San Mateo 264 Harbor Blvd., Building A Belmont, CA 94002 Attn: Executive Director County: County of San Mateo Department of Housing 264 Harbor Blvd., Building A Belmont, CA 94002 Attn: Director Borrower: 353 Main Street Apartments, L.P. ROEM Development Corporation 1650 Lafayette Street Santa Clara, CA 95050 Attn: Stephen Emami Such written notices, demands, and communications may be sent in the same manner to such other addresses as the affected Party may from time to time designate as provided in this Section. Receipt will be deemed to have occurred on the date marked on a written receipt as the date of delivery or refusal of delivery (or attempted delivery if undeliverable). 5. Titles. Any titles of the sections or subsections of this Agreement are inserted for convenience of reference only and are to be disregarded in interpreting any part of the Agreement's provisions. 6. California Law and Venue. This Agreement is to be governed by and construed in accordance with the laws of the State of California. In the event any legal action is commenced to interpret or to enforce the terms of this Agreement or to collect damages as a result of any breach thereof, the venue for such action shall be the Superior Court of the County of San Mateo. REV: 11-30-2020 PR ATTY/AGR.2020.275/ROEM (Page 4 of 15)