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States mail, certified or registered, return receipt requested, with postage prepaid, <br />addressed as follows: <br />To Developer: Auzerais Investments LLC <br />2336 EI Camino Real <br />Redwood City, CA 94063 <br />Attn: Zhen Zhen Li <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 />14. Assi nment b Developer. Developer may assign its obligations under this <br />Agreement only with the prior written approval of the City Manager. In connection with <br />any such assignment, Developer and its assignee will execute and deliver to City a written <br />assignment and assumption agreement in a form acceptable to City Attorney. Developer <br />may sell and/or grant the fee interest of lots/units or common area located on the Property <br />and thereby transfer all of its obligations under this Agreement to its successors. Upon <br />the sale and/or grant of a fee interest in a particular lot or common area located on the <br />Property, Developer's obligations under this Agreement will inure to its successor -in - <br />interest and Developer will thereafter be released from its obligations under this <br />Agreement with respect to such lot or common area. <br />15. Assignment by . City. City may assign its rights and obligations under this <br />Agreement to a municipal services district or other public agency without Developer's <br />consent. <br />16. Covenant Running with the Land. This Agreement pertains to and runs with the <br />Property in perpetuity, and will be recorded against the Property at Developer's expense. <br />This Agreement binds the assigns and successors -in -interest of Developer, including any <br />transferee of a fee interest in any lot located within the Property. City and its successors <br />and assigns, in the event of any breach of this Agreement, will have the right to exercise <br />all of the rights and remedies, and to maintain any actions at law or suits in equity or other <br />proper proceedings against Developer or its permitted successors and assigns to enforce <br />the curing of such breach. <br />17. Miscellaneous. <br />17.1 Entire Agreement- Amendments, Recitals. This Agreement contains the <br />entire understanding and agreement of the Parties. This Agreement may be <br />REV: 05-20-25 JB <br />ATTY/AGR.2025.116/Carrasco & Associates (2336 EI Camino Real) (Page 8 of 13) <br />