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REV: 07-08-26 MI <br />Telephone: 650-780-7200 <br />Facsimile: 650-780-5963 <br />DEVELOPER: 10 Twin Dolphin Property Owner LLC <br />Attention: Daniel Minkoff <br />6272 Virgo Road <br />Oakland, California 94611 <br />Telephone: 415-730-2802 <br />Email:dminkoff@minkoffgroup.com <br />with copies to: GVR Partners LLP <br />Attention: Jennifer Renk <br />345 California Street, Suite 700 <br />San Francisco, California 94104 <br />Telephone: 510-541-5829 <br />Email : jen.renk@gvrpartners.com <br />and <br />c/o Morgan Stanley <br />Attention: David Pringle <br />11755 Wilshire Boulevard, Suite 2100 <br />Los Angeles, CA, 90025 <br />e-mail David.pringle@morganstanley.com <br />Section 5.06. Severability. If any term or provision of this Agreement, or the application of any <br />term or provision of this Agreement to a particular situation, is held by a court of competent <br />jurisdiction to be invalid, void or unenforceable, the remaining terms and provisions of this <br />Agreement, or the application of this Agreement to other situations, shall continue in full force and <br />effect unless amended or modified by mutual consent of the Parties. Notwithstanding the <br />foregoing, if any material provision of this Agreement, or the application of such provision to a <br />particular situation, is held to be invalid, void or unenforceable, either City or Developer may (in <br />their sole and absolute discretion) terminate this Agreement according to the provisions of Section <br />5.03. <br />Section 5.07. Assignment and Transfer. Neither Party shall assign or transfer this Agreement <br />without the prior written consent of the other. In the event of any assignment or transfer to which <br />prior written consent is given, the terms, provisions, rights, obligations, conditions, and covenants <br />of this Agreement shall be binding upon the successors and assigns of the Parties. <br />Section 5.08. Indemnification; Cooperation in Event of Challenge; Limitation of Remedies. <br />(a) Developer Processing Challenge. A “Developer Processing Challenge” is any <br />claim, demand, proceeding, application, petition, complaint or action filed, brought or <br />otherwise commenced by Developer to review, challenge, set aside, modify, overturn, <br />supersede or annul City’s review, evaluation, consideration, processing, or disposition of <br />ATTY/AGR.2026.190/10 Twin Dolphin Drive Property Owner LLC (Page 6 of 9)