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GRANTOR: DEL-CAMP INVESTMENTS, INC., A CALIFORNIA CORPORATION APN: 054-071-170 (portion of) PROJECT PARCEL NO. 64087 PROJECT: US HIGHWAY 101 / STATE ROUTE 84 (WOODSIDE ROAD) INTERCHANGE IMPROVEMENT PROJECT REV: 04-09-25 LR CITY OF REDWOOD CITY TEMPORARY CONSTRUCTION EASEMENT AGREEMENT In consideration of the terms and conditions set forth in this Temporary Construction Easement Agreement (the “Agreement”) DEL-CAMP INVESTMENTS, INC., A CALIFORNIA CORPORATION (“GRANTOR”) shall deposit in an escrow designated by the CITY OF REDWOOD CITY, A CHARTER CITY AND A MUNICIPAL CORPORATION OF THE STATE OF CALIFORNIA (“CITY”), a Temporary Construction Easement Deed in the form of Exhibit “A” conveying a temporary construction easement in the property described and depicted in Exhibit “A” ( “Subject Property”). The Temporary Construction Easement Deed is attached hereto and incorporated herein by this reference. In consideration of which, and the other considerations hereinafter set forth, it is mutually agreed as follows: 1. Entire Agreement. A. The parties have herein set forth the whole of their agreement. The performance of this Agreement constitutes the entire consideration for the Subject Property and shall relieve the CITY of all further obligations or claims on this account or on account of the location, grade, construction or operation of the proposed public improvement. B. CITY requires the Subject Property for a public use for which CITY has the authority to exercise the power of eminent domain. GRANTOR is compelled to sell, and CITY is compelled to acquire the Subject Property. C. Both GRANTOR and CITY recognize the expense, time, effort, and risk to both parties in determining the compensation for the Subject Property by eminent domain litigation. The compensation set forth herein for the Subject Property is in compromise and settlement, in lieu of such litigation. 2. The CITY shall. A. Pay the undersigned Grantor the sum of FIVE THOUSAND and NO/100 DOLLARS ($5,000.00) for the Subject Property conveyed by above document when title to said property interests vests in CITY. B. This sum includes all claims for compensation including, without limitation, the acquisition of the Subject Property, any severance damages, inverse condemnation, loss of business goodwill, interest, attorneys’ and witness fees, costs, and any and all other claims relating in any way to acquisition by CITY of the Subject Property, or from the construction and use thereon of the Project as proposed, planned and designed, and Grantor is not entitled to any further compensation herein. C. Pay all escrow, if any, and recording fees incurred in this transaction. (Said escrow and recording charges shall not, however, include documentary transfer tax.) D. This transaction will be handled through an internal escrow by the CITY, 1017 Middlefield Road, Redwood City, CA 94063. ATTY/AGR.2025.065/DEL-CAMP (TEMPORARY CONSTRUCTION EASEMENT AGREEMENT) (Page 1 of 10) EXHIBIT A