Agmt26 Hunter Partners Sequoia, LLC - Amendment No. 1 to License and Access Agreement

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REV:06-01-26 LF AMENDMENT NO. 1 TO LICENSE AND ACCESS AGREEMENT Hunter Partners Sequoia, LLC This Amendment No. 1 (the “Amendment No. 1”) is entered into and effective as of _________________, 2026, by and between the City of Redwood City, a charter city and municipal corporation of the State of California (“City”), and Hunter Partners Sequoia, LLC, a Delaware limited liability company (“Owner”) (collectively, the “Parties”). RECITALS A. REG8 Sequoia Station, LLC, a Delaware limited liability company (“Regency”), and City previously executed that certain License and Access Agreement, dated as of July 7, 2021, (the “Agreement”). Capitalized terms used in this Amendment No.1 shall have the meaning ascribed to such terms in the Agreement unless otherwise defined in this Amendment No.1. B. Subsection 10(a) of the Agreement provides as follows: “Regency may assign or transfer its rights and obligations under this Agreement to any party without permission of the City; however, the assigning party agrees to provide the City with notice of said assignment or transfer.” C. On December 15, 2021, Regency assigned all of its rights and obligations under the Agreement to RWC Sequoia Station 2, LLC, a Delaware limited liability company, and provided notice to the City. D. On December 12, 2023, RWC Sequoia Station 2, LLC assigned all of its rights and obligations under the Agreement to Owner and provided notice to the City. E. The Parties have negotiated and agreed to the terms and conditions set forth in this Amendment No. 1, including any terms and conditions of the attached Exhibit “A,” incorporated herein by reference. NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, the Parties agree as follows: 1. All references to “Regency” in the Agreement shall be deemed to refer to, and be replaced by, “Owner”. Owner is hereby recognized as an original party to the Agreement in every respect. 2. City will continue to perform all actions necessary to obtain case closure related to the Environmental Condition, including, but not limited to, the additional work set forth in Exhibit “A” of this Amendment No. 1, and such work will be considered part of the Work for purposes of the Agreement. 3. Section 3 of the Agreement is hereby deleted and replaced in its entirety with the following: ATTY/AGR.2026.137/Hunter Partners Sequoia, LLC (Sequoia Station Shopping Center) (Page 1 of 6) June 25