Agmt12 Lowe Enterprises Real Estate Group Winslow Project

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CITY: City Manager City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Telephone: 650-780-7300 Facsimile: 650-780-7225 with copies to: City Attorney City of Redwood City 1017 Middlefield Road Redwood City, CA 94063 Telephone: 650-780-7200 Facsimile: 650-780-5963 DEVELOPER: Lowe Enterprises Real Estate Group Attention: Hanns Lee 3155 Clearview Way San Mateo, CA 94402 Telephone: 650-341-7730 Facsimile: 650-341-7733 with copies to: Lowe Enterprises, Inc. Attention: Corporate Counsel 11777 San Vicente Boulevard, Suite 900 Los Angeles, CA 90049 Telephone: 310-571-4286 Facsimile: 310-571-5139 and to: Manatt, Phelps& Phillips, LLP Attention: Timi Anyon Hallem, Esq. 11355 W. Olympic Boulevard Los Angeles, CA 90064 Telephone: 310-312-4217 Facsimile: 310-914-5844 Section 5.06. Severabilitv. If any term or provision of this Agreement, or the application of any term or provision of this Agreement to a particular situation, is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining terms and provisions of this Agreement, or the application of this Agreement to other situations, shall continue in full force and effect unless amended or modified by mutual consent of the Parties. Notwithstanding the foregoing, if any material provision of this Agreement, or the application of such provision to a particular situation, is held to be invalid, void or unenforceable, either City or Developer may (in their sole and absolute discretion) terminate this Agreement according to the provisions of Section 5.03. Section 5.07. Assignment and Transfer. Neither Party shall assign or transfer this Agreement without the prior written consent of the other. Section 5.08. Indemnification: Cooperation in Event of Challen�e: Limitation of Remedies. ATTY/AGR/2012.093/LOWE DDA REIMBURSEMENT AGREEMENT WINSLOW REV: 12-7-12 VR Page 6 of 9