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Purchase Agreement
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Seaport Centre Owner's Association - Purchase Agreement
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Purchase Agreement
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Last modified
11/18/2025 4:05:57 PM
Creation date
11/18/2025 4:00:50 PM
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Agreement
Contractor Name
HCP LS Redwood City, LLC Metropolitan Life Insurance Company Seaport Centre Owner's Association
RMP File Number
304
Date
10/23/2025
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C. It has been determined that the footings of the Levee Wall encroach onto the <br />Stanford Property within the area described and depicted in Exhibit 3 attached hereto. Stanford <br />has agreed to provide this Quitclaim Deed to City for the sole purpose of affirming that Stanford <br />has no right, title, or interest in the Levee Wall or any portion thereof to the extent it encroaches <br />onto the Stanford Property (collectively, the "Levee Improvements"). <br />FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, <br />Stanford hereby RELINQUISHES, RELEASES AND FOREVER QUITCLAIMS to City any and <br />all of Stanford's right, title and interest in and to the Levee Improvements. <br />For the avoidance of doubt, the conveyance herein is with respect to the Levee <br />Improvements only and nothing herein shall be construed to be a conveyance of land. <br />IN WITNESS WHEREOF, Stanford has executed this Quitclaim Deed as set forth below. <br />Dated: <br />f11 KIM aM'90 <br />THE BOARD OF TRUSTEES OF THE <br />LELAND STANFORD JUNIOR UNIVERSITY, <br />a body having corporate powers under the laws of <br />the State of California <br />By: <br />Name: <br />ATTY/AGR/2025.264 — QUITCLAIM DEED STANFORD <br />REV: 10-07-25 VR <br />Page 2 of 4 <br />2025.276 - SEAPORT PURCHASE AGREEMENT <br />REV: 10-15-25 VR <br />
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