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ORIGINAL LICENSE AGREEMENT BETWEEN THE CITY OF REDWOOD CITY AND DEVCON CONSTRUCTION INC. THIS LICENSE AGREEMENT ("Agreement" or "License") is entered into this day of OCt0b2X , 2017 (the "Effective Date"), by and between THE CITY OF REDWOOD CITY, a charter city and municipal corporation of the State of California ("CITY"), and DEVCON CONSTRUCTION INC., a California Corporation ("LICENSEE'). RECITALS A. CITY owns real property commonly referred to as City Hall and its parking lot located between Broadway and Middlefield in Redwood City, California, as more particularly described in Exhibit "A," attached hereto and incorporated herein by reference and depicted in Exhibit "B," attached hereto and incorporated herein by reference (the "Property"). B. Lane Partners, LLC has obtained approvals for a Downtown Planned Community Permit and Parking In-Lieu Fee (the "Project Approvals") to develop a mixed-use project located at 2075 Broadway for retail/commercial and office uses (the "Project"), and LICENSEE has entered into a construction agreement with Lane Partners, LLC to build the Project. C. During construction of the Project, LICENSEE desires to use a portion of the Property, depicted in Exhibit "C" attached hereto and incorporated herein by reference ("License Area"), and CITY is willing to provide to LICENSEE a license to use said portion of the Property, for a contractor staging area and access during construction, all on the terms set forth herein. AGREEMENT NOW, THEREFORE, for valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows: 1 . Grant of License; License Fee. Starting three (3) days after written notice from LICENSEE to CITY (the "Commencement Date"), CITY confers to LICENSEE a revocable, personal, non-possessory and exclusive privilege to enter upon and use the License Area for the limited purpose and subject to the terms, conditions and restrictions set forth below. This Agreement gives LICENSEE a license only and notwithstanding anything to the contrary herein, this License does not constitute a grant by CITY of any ownership, leasehold, easement or other property interest or estate whatsoever in the Property, or any portion thereof. Nothing in this Agreement shall be construed as granting or creating any franchise rights pursuant to any federal, state or local laws. On the Commencement Date and on the same day of each month for a period of twelve ( 12) months, LICENSEE shall pay to CITY the sum of THREE THOUSAND NINE HUNDRED FIFTY- FOUR DOLLARS AND 50/100 ($3,954.50), by cash, certified check or wire transfer, which constitutes the fee (the "License Fee") for the use of the License Area for the next succeeding month of this Agreement. REV: 09-27-17 PR Page 1 of 11. ATTY/AGR.2017.227/Devcon Construction Inc.