Agmt25 Property Purchase agreement

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GRANTOR: PENINSULA BUILDING MATERIALS CO., A NEVADA CORPORATION, APN: 052-394-510, -520, -530, -540 (portion) AS TO AN UNDIVIDED % INTEREST AND GRANITE ROCK COMPANY, A PROJECT PARCEL NO. 64077 CALIFORNIA CORPORATION, AS TO AN UNDIVIDED IA INTEREST PROJECT: US HIGHWAY 101 /STATE ROUTE 84 (WOODSIDE ROAD) INTERCHANGE IMPROVEMENT PROJECT rights and remedies set forth herein shall be cumulative and not exclusive and shall be in addition to any and all other remedies which the parties may have hereunder at law or in equity, including institution and prosecution by CITY of an action in eminent domainagainst GRANTOR and the right to enforce this Agreement in such action if the purchase and sale transaction as set forth herein is not consummated. 21. Time of the Essence. Time is of the essence of each provision of this Agreement in which time is an element. 22. Entire Agreement. This Agreement (which includes all exhibits hereto) embodies the entire agreement and understanding between the parties relating to the subject matter hereof, and all prior negotiations, agreements and understandings, oral or written, are hereby revoked, cancelled and rescinded and are all merged herein and superseded hereby. Any amendment to this Agreement, including any oral modification supported by new consideration, must be reduced to writing and signed by both parties in order to be effective. 23. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without regard to conflict of laws rules. 24. Severability. Should any part, term or provision of this Agreement or any document required herein to be executed or delivered be declared invalid, void or unenforceable, all remaining parts, terms and provisions hereof shall remain in full force and effect and shall in no way be invalidated, impaired or affected thereby. (Signature page follows) 42age •7 of 18 - -- 4880-0380.6390 V2 REV: 06-23-25 LR ATTY/AGR.2025.154/Peninsula Building Materials Co. and Granite Rock Company (SR 84/1-I.S. 101 Interchange Reimagined) (Page 7 of 16)