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California Civil Code Section 1468, and shall be binding upon, benefit and burden the Parties, their successors, and the current and successive fee owners of the land. 12. Further Assurances. The Parties hereto shall execute such additional documents and take such additional actions which are consistent with this Agreement and reasonably necessary to carry out the provisions of this Agreement. 13. Binding on Successors. Each provision of this Agreement shall be binding on and inure to the benefit of the Parties and upon their respective heirs, executors, administrators, successors and permitted assigns. 14. Severability. If any term or provision of this Agreement is determined to be illegal, unenforceable or invalid, in whole or in part for any reason, such illegal, unenforceable or invalid provision or part thereof shall be stricken from this Agreement, and such provision shall not affect the legality, enforceability or validity of the remainder of this Agreement. If any provision or part thereof of this Agreement is stricken in accordance with the provisions hereof, then this stricken provision shall be replaced, to the extent possible, with a legal, enforceable and valid provision that is as similar in tenor to the stricken provision as is legally possible. 15. Entire Agreement; Modification; Waiver. This Agreement and any agreement, document or instrument referred to herein constitute the entire agreement between the Parties hereto pertaining to the subject matter contained in it and supersedes all prior and contemporaneous agreements, representations and understandings of the Parties. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by all of the Parties. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party making the waiver. 16. Time of the Essence; Dates. Time is of the essence in the performance of the Parties' respective obligations under this Agreement. All references in this Agreement to "days" shall mean calendar days unless expressly referred to as "business days." If the day for performance of any obligation under this Agreement is a Saturday, Sunday, or legal holiday, then the time for performance of that obligation shall be extended to the first following day that is not a Saturday, Sunday, or legal holiday. 17. Drafting. The Parties to this Agreement agree that this Agreement is the product of joint draftsmanship and negotiation and that should any of the terms be determined by a court, or in any type of quasi-judicial or other proceeding, to be vague, ambiguous and/or unintelligible, that the same sentences, phrases, clauses or other wordage or language of any kind shall not be construed against the drafting party in accordance with California Civil Code Section 1654, and that each such party to this Agreement waives the effect of such statute. 18. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without reference to its choice of law principles. Any lawsuit to enforce this Agreement or arising out of this Agreement must be brought in the Superior Court for the County of San Mateo. AM/AGR/2025.263 — ENCROACHMENT EASEMENT DEED STANFORD REV: 10-07-25 VR Page 6 of 11 2025.276- SEAPORT PURCHASE AGREEMENT REV: 10-15-25 VR