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To Developer: 879 Vista Drive Partners, LLC <br />1194 Sesame Drive <br />Sunnyvale, CA. 94087 <br />Attn: Kirk McGowan <br />With a copy to: Ravella Construction <br />940 Washington Street <br />San Carlos, CA. 94070 <br />Attn: Joe Ravella <br />To City: City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Manager <br />With a copy to: City of Redwood City <br />1017 Middlefield Road <br />Redwood City, California 94063 <br />Attn: City Attorney <br />25. Assignment by Developer. Developer may assign its obligations under this <br />Agreement only with the City Attorney's prior written approval. In connection with any <br />such assignment, Developer and its assignee will execute and deliver to City a written <br />assignment and assumption agreement in a form reasonably acceptable to the City <br />Attorney. Developer may sell and/or grant the fee interest of lots/units or common area <br />located on the Property and thereby transfer all of its obligations under this Agreement to <br />its successors. Upon the sale and/or grant of a fee interest in a particular lot or common <br />area located on the Property, Developer's obligations under this Agreement will inure to <br />its successor -in -interest and Developer will thereafter be released from its obligations <br />under this Agreement with respect to such lot or common area. <br />26. Covenant Running with the Land. This Agreement pertains to and will run with the <br />Property. Upon execution, this Agreement will be recorded against the Property at <br />Developer's expense. This Agreement binds the assigns and successors -in -interest of <br />Developer, including any transferee of a fee interest in any lot located within the Property. <br />City and its successors and assigns, in the event of any breach of this Agreement, will <br />have the right to exercise all of the rights and remedies, and to maintain any actions at <br />law or suits in equity or other proper proceedings against Developer or its permitted <br />successors and assigns to enforce the curing of such breach. Upon completion of <br />performance and satisfaction by Developer of its obligations under this Agreement, <br />including warranty obligations, a written statement will be recorded by City in the Official <br />Records of San Mateo County terminating this Agreement and releasing all of the <br />Property. The recorded written statement does not release the Parties from obligations <br />that survive termination of the Agreement, including indemnification. <br />REV: 05-01-25 VR <br />ATTY/AGR.2025.091/879 Vista Drive Parterns, LLC (879 Vista Dr) (Page 13 of 23) <br />