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6. 1. B. - Page 45 DECLARATION OF COVENANTS AND RESTRICTIONS FOR THE 333 MAIN STREET CONDOMINIUMS THIS DECLARATION, made on the date hereinafter set forth, by 333 MAIN STREET RWC, LLC, a Delaware limited liability company, hereinafter referred to as "Declarant," is made with reference to the following facts: A. Location of Property. Declarant is the Owner of certain real property (the "Property ") located in the City of Redwood City ( "City "), County of San Mateo ( "County "), State of California, more particularly described as "Tract No. 333 Main Street for Condominium Purposes" on that certain Map filed for record in the Office of the Recorder of San Mateo County, California, on , 201_, in Book of Maps, page(s) B. intention. Declarant intends to improve said real property by constructing one hundred thirty -two (132) Condominiums. Declarant intends to create a "condominium project," as defined in Section 1351(f) of the California Civil Code, to subdivide the properties as authorized by Section 66427 of the California Government Code into "condominiums" as defined in Section 783 of the California Civil Code and to impose mutually beneficial restrictions under a general plan of improvement for the benefit of all the Condominiums created pursuantto the Davis - Stirling Common Interest Development Act. C. Owner's Interest. The development shall be referred to as the "Project" as defined in Section 1.48. The Owner of a Condominium will receive a separate interest in an individual Unit and an undivided 11132 interest in common in the Common Area. Each Condominium shall have appurtenant to it a membership in the 333 Main Street Homeowners Association, a nonprofit mutual benefit corporation, which shall manage and operate the Common Area. D. General Plan of Improvement. Declarant intends bythis documentto impose upon the Project mutually beneficial restrictions under a general plan of improvement for the benefit of all of the Condominiums and the Owners thereof. NOW, THEREFORE, Declarant hereby declares that the Project shall be held, conveyed, mortgaged, encumbered, leased, rented, used, occupied, sold, and improved, subject to the following declarations, limitations, covenants, conditions, restrictions and easements, all of which are imposed as equitable servitudes pursuant to a general plan for the development of the Project for the purpose of enhancing and protecting the value and attractiveness of the Project, and every part of it, in accordance with the plan for the improvements of the Project and its division into Condominiums. All of the limitations, covenants, conditions, restrictions and easements shall constitute covenants that run with the land and are binding upon Declarant and its successors and assigns, and all parties having or acquiring any right, title or interest in or to any part of the Project or the property in the Project. 43/06/12 T:IWPWIN601PROJECTS�333 MAIN STREET,DEC -DRAFTING FORM[7][03 06 12].doc