Agmt25 Property Purchase Agreement Woodside Road Interchange Improvement Project

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, Docusign Envelope ID: E798FFDB-2346-4993-A39D-3A6381A6D239 GRANTOR: FN VETERANS LLC, A CALIFORNIA LIMITED LIABILITY COMPANY APN: 052-431-010 (portion of) PROJECT PARCEL NO. 64076 PROJECT: US HIGHWAY 101 / STATE ROUTE 84 (WOODSIDE ROAD) INTERCHANGE IMPROVEMENT PROJECT D. In the event GRANTOR sells, conveys or assigns the property of which the Subject Property is a part, GRANTOR shall notify the successor or assigner of the rights and obligations contained in this Agreement. GRANTOR shall indemnify and hold the CITY harmless from any such claims by any third party for any compensation arising from the TICE depicted in Exhibit "2" or the construction of the public improvement project. 4. Work Performed All work done under this Agreement shall conform to all applicable building, fire and sanitary laws, ordinances, and regulations relating to such work, and shall be done in a good and workmanlike manner. All structures, improvements or other facilities, when removed, and relocated, or reconstructed, shall be left in as good condition as found. 5. Hazardous Wastes The Purchase Price reflects the fair market value of the Subject Property without the presence of contamination. If the Subject Property being acquired is found to be contaminated by the presence of hazardous waste which requires mitigation under Federal or State law, the CITY may elect to recover its clean-up costs from those who caused or contributed to the contamination. GRANTOR shall further indemnify, defend, save and hold harmless the CITY from any and all claims, costs and liability, including reasonable attorney's fees, for any damage, injury or death to persons or property arising directly or indirectly from or connected with the existence of toxic or hazardous material on the Subject Property, save and except claims, costs or litigation arising through the sole willful misconduct of the CITY, its agents or employees. 6. Right of Possession and Use It is agreed and confirmed by the parties hereto that notwithstanding other provisions in this contract, the right of possession and use of the subject property by the CITY, including the right to remove and dispose of improvements, shall commence on the date the amount of funds as specified in Clause 2(A) herein are deposited into the escrow controlling this transaction. The amount shown in Clause 2(A) herein includes, but is not limited to, full payment for such possession and use, including damages, if any, from said date. 7. Escrow Instructions GRANTOR hereby authorizes the CITY to prepare and file escrow instructions in accordance with this Agreement on behalf of both parties. 8. Binding on and Assigns This Agreement shall be binding on and inure to the benefit of the respective heirs, successors and assigns of the parties to this Agreement. 9. No Leases GRANTOR warrants that there are no oral or written leases on all or any portion of the Subject Property exceeding a period of one month, except for San Carlos Restaurant Supply and GRANTOR further agrees to hold the CITY harmless and reimburse the CITY for any and all of its losses and expenses occasioned by reason of any lease of said Subject Property held by any tenant of GRANTOR for a period exceeding one month. 4880-0380-6390 v2 REV: 05-23-25 LR ATTY/AGR.2025.121/FN Veterans LLC (1475 Veterans) (SR84/US101 Interchange Project) (Page 3 of 18)