Reso25-08 0106 PC Reso 1548 Maple DA 4th Amendment

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RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Attention: City Clerk Space above This Line Reserved for Recorder’s Use Exempt from Recording Fee Per Government Code Section 27383 FOURTH AMENDMENT TO DEVELOPMENT AGREEMENT This FOURTH AMENDMENT TO DEVELOPMENT AGREEMENT (“Fourth Amendment”) dated for reference purposes as of ______________, 202_ (“Fourth Amendment Date”), is entered into by and between 1548 MAPLE, LLC, a Delaware limited liability company (“Developer”) and the CITY OF REDWOOD CITY, a charter city and California municipal corporation (“City”). Developer and City are sometimes referred to individually herein as a “Party” and collectively as “Parties.” R E C I T A L S This Fourth amendment is entered into on the basis of the following facts, understandings and intentions of the Parties. The following recitals are a substantive part of this Fourth amendment. A.City and Developer are parties to that certain Development Agreement dated as of August 3, 2018, and recorded on November 15, 2018, in the Official Records of San Mateo County as Document No. 2018-088890 (“Original Development Agreement”), as amended by a First Amendment to Development Agreement dated as of February 22, 2021, and recorded on February 21, 2021, in the Official Records of San Mateo County as Document No. 2021-108251 (“First Amendment”), by a Second Amendment to Development Agreement dated as of January 24, 2022, and recorded on January 28, 2022, in the Official Records of San Mateo County as Document No. 2022-008266 (“Second Amendment”), and by a Third Amendment to Development Agreement dated as of April 17, 2023, and recorded on August 2, 2023, in the Official Records of San Mateo County as Document No. 2023-037049 (“Third Amendment”). The Original Development Agreement as amended by the First Amendment, Second Amendment, and Third Amendment, is referred to herein as the “Development Agreement”. B.The Development Agreement is in full force and effect and a binding obligation of the Parties, and the original named Developer remains the fee owner of the Property subject to the Development Agreement. Except for the First Amendment, Second Amendment, and Third Amendment, the Original Development Agreement has not been amended or modified either orally or in writing prior to this Fourth Amendment. EXHIBIT B ATTY/RESO.0106/PC 1548 MAPLE DA 4TH AMENDMENT - EXHIBIT B 11-13-25 VR Page 1 of 12