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IIII IIII <br />EDEN <br />HOUSING <br />October 19, 2023 <br />Eden Housing, Inc. <br />22645 Grand Street <br />Hayward, CA 94541 <br />To: Mark Murray <br />Lane Partners <br />644 Menlo Avenue 2°d Floor <br />Menlo Park, CA 94025 <br />RE: Letter of intent to Purchase — 847 Woodside Road, Redwood City, CA <br />Dear Mark: <br />This letter of intent represents the basic terms for an agreement between Buyer and Sellers and <br />should be used as a template for further discussions, which may lead to the execution of a <br />Purchase and Sale Agreement. <br />The undersigned would be willing to enter into an agreement to purchase the above -referenced <br />property under the following basic terms and conditions: <br />Seller: Lane 847 Woodside, LLC <br />Buyer: Eden Housing, Inc. (EHI) or a wholly owned affiliate <br />Property: Two parcels totaling approximately 0.95 acres located at 947 Woodside Road, <br />Redwood City, California / APN: 059-240-810. <br />Title: Fee simple marketable title. <br />Price: One Dollar ($1) <br />Development Re uirements: Conveyance of the Property to Buyer for a nominal price <br />will satisfy Seller's affordable housing obligation in connection with its planned development at <br />22645 Grand Street 1 Hayward, CA 9454.1 Tel: 5�0-S82-146 ' edenhousing.org <br />AT-FY/AGR/2024.193.1 —AFFORDABLE HOUSING LAND DONATION AGREEMENT- EXHIBIT B - AFFORDABLE HOUSING PLAN <br />REV: 10-22-24 VR Page 37 of 48 <br />