RecDoc 2023-023545 200 Twin Dolphin Subdivision Improvement Agmt.

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To Developer: 200-240 Twin Dolphin, LLC 415 Mission Street, 45th floor San Francisco, CA 94105 Attn: Meris Ota With a copy to: 200-240 Twin Dolphin, LLC 415 Mission Street, 45th floor San Francisco, CA 94105 Attn: Adam Voelker To City: City of Redwood City 1017 Middlefield Road Redwood City, California 94063 Attn: City Manager With a copy to. City of Redwood City 1017 Middlefield Road Redwood City, California 94063 Attn: City Attorney 25. Assignment by Developer. Developer may assign its obligations under this Agreement only with the City Attorney's prior written approval. In connection with any such assignment, Developer and its assignee will execute and deliver to City a written assignment and assumption agreement in a form reasonably acceptable to the City Attorney. 26. Covenant Running with the Land. This Agreement pertains to and will run with the Property. Upon execution, this Agreement will be recorded against the Property at Developer's expense. This Agreement binds the assigns and successors -in -interest of Developer, including any transferee of a fee interest in the Property. City and its successors and assigns, in the event of any breach of this Agreement, will have the right to exercise all of the rights and remedies, and to maintain any actions at law or suits in equity or other proper proceedings against Developer or its permitted successors and assigns to enforce the curing of such breach. Upon completion of performance and satisfaction by Developer of its obligations under this Agreement, including warranty obligations, a written statement will be recorded by City in the Official Records of San Mateo County terminating this Agreement and releasing all of the Property. The recorded written statement does not release the Parties from obligations that survive termination of the Agreement, including indemnification. 27. Miscellaneous. 27.1 Entire_Agreement, Amendments, Recitals. This Agreement contains the entire understanding and agreement of the Parties. This Agreement may be altered, amended or modified only by an instrument in writing, executed by the REV: 03-13-23 SK ATTY/AGR.2023.049/Trammell Crow Company (200 Twin Dolphin - SIA) (Page 13 of 24)