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TABLE OF CONTENTS (continued) Page 3.9 Publicly Accessible Private Open Space .............................................................25 3.10 City Report to Developer on Public Benefits ...................................................... 25 3.11 Sales Ta�c Point of Sale Designation.................................................................... 25 3.12 Broadway Roadway Configurations....................................................................25 ARTICLE 4 INSURANCE, INDEMNITY AND COOPERATION IN THE EVENT OF A LEGAL CHALLENGE .........................................................26 4.1 Insurance Requirements....................................................................................... 26 4.2 City of Redwood City Business License .............................................................26 4.3 Indemnification.................................................................................................... 27 4.4 Defense, Indemnification and Cooperation in the Event of a Legal Challenge .............................................................................................................27 ARTICLE 5 ANNUAL REVIEW, DEFAULT AND REMEDIES ................................... 27 5.1 Annual Review..................................................................................................... 27 5.2 Default.................................................................................................................. 29 5.3 Dispute Resolution............................................................................................... 30 5.4 Termination of Agreement................................................................................... 30 ARTICLE 6 ASSIGNMENTS............................................................................................ 31 6.1 Assignment .......................................................................................................... 31 6.2 Release of Transferring Developer...................................................................... 32 6.3 Assignment to Financial Institutions or Mortgagee............................................. 32 6.4 Successive Assignment........................................................................................ 32 ARTICLE7 GENERAL PROVISIONS ............................................................................ 32 7.1 Compliance With Laws........................................................................................ 32 7.2 Amendment of this Agreement............................................................................ 33 7.3 Timing of Performance of Conditions of Approval............................................. 33 7.4 Condemnation...................................................................................................... 33 7.5 Mortgagee Protection........................................................................................... 34 7.6 Covenants Binding on Successors and Assigns and Run with Land................... 35 7.7 Notice................................................................................................................... 35 7.8 Counterparts.......................................................................................................... 36 7.9 Waivers................................................................................................................ 36 ATTY/AGR12013.134/STANFORD -ii- DEVELOPMENT AGREEMENT REV: 08-14-13 PT