Agmt22 1548 Maple, LLC Right of Entry for Construction Activities (County Property)

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Page 1 of 6 ATTY/AGR/2022.014.02/TRI-PARTY AGREEMENTREV: 01-25-2022 VR RIGHT OF ENTRY FOR CONSTRUCTION ACTIVITIES (County Property) This RIGHT OF ENTRY FOR CONSTRUCTION ACTIVITIES (this “License”) is dated for convenience January 24, 2022 to be effective as of the Effective Date (defined below), by and between CITY OF REDWOOD CITY, a charter city and municipal corporation, as licensor (“Owner” or “City”) and 1548 MAPLE, LLC, a Delaware limited liability company, as licensee (“Developer”). RECITALS A.Developer and City are parties to that certain development agreement dated August 3, 2018, recorded in the Official Records of the County of San Mateo (“County”) as Instrument No. 2018-088890, as amended (“Development Agreement”), with respect to development of a 131-unit townhome project and onsite and offsite improvements required for implementation of the townhome project (collectively, the “Project”) at 1548 Maple Street, Redwood City, California. B.The Development Agreement provides, among other things, for Developer to construct, at its expense, three segments of an extension of Blomquist Street from Maple Street to Redwood Creek (“Blomquist Extension”) identified as the “Blomquist- City Segment,” “Blomquist-County Segment” and “Blomquist-Developer Segment”, with the Blomquist-County Segment and Blomquist-Developer Segment construction obligations, subject to City’s ability to acquire from County necessary right-of-way over the County Property (defined below) (“Blomquist County Right-of-Way”). C.City and County have entered into an agreement dated as of September 30, 2021 (as amended from time to time, the “Exchange Agreement”), by which (a) County has agreed to convey to City a fee interest in that certain approximately 2.00 acre property at 1580 Maple Street, including buildings and improvements thereon, which includes the Blomquist County Right-of-Way (“County Property”), in exchange for City’s agreement to convey to County approximately 2.52 acres of property owned by City (“City Parcel”) constituting a portion of APN 052-398-010 (the “Exchange Transaction”), and (b) City has agreed to leaseback to County for a set time period a portion of the County Property labeled as the “County Lease Area” in Exhibit A hereto (“County Lease Area”) so that County may continue to operate for an agreed upon term County’s existing shelter facility, all pursuant to the terms of a leaseback agreement (the “Leaseback Agreement”) to be entered into by City and County at closing of the Exchange Transaction (“Exchange Closing”). As of the Effective Date the Exchange Closing will have occurred, and therefore as of the Effective Date City (Owner) is the owner of the CountyProperty. Additionally, Developer desires tolicense the County Lease Area after the expiration of the Leaseback Agreement. D.To facilitate construction of the Project and the Blomquist Extension, Developer also desires to use the portion of the County Property located outside the boundaries of the County Lease Area and labeled as the temporary license area in Exhibit A hereto (“Temporary License Area”) for laydown and storage as provided in this License. E.Following closing of the Exchange Transaction, the County intends to develop on the City Parcel a shelter and support facility for persons experiencing homelessness (“Navigation Center”). To facilitate the construction of Navigation Center, County desires to also use a portion of the Temporary License Areafor laydown in coordination with Developer and City and County are entering into a separate license on substantially similar terms of this License for the Temporary License Area concurrently herewith license (“County Temporary License”).