Agmt22 1548 Maple, LLC County of San Mateo Right of Entry Developer City Parcel

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Page 1 of 8 ATTY/AGR/2022.014.04/TRI-PARTY AGREEMENT REV: 01-25-2022 VR RIGHT OF ENTRY FOR CONSTRUCTION ACTIVITIES (Developer City Parcel) This RIGHT OF ENTRY FOR CONSTRUCTION ACTIVITIES (this “License”) is dated for convenience January 24, 2022 to be effective as of the Effective Date (defined below), by and between COUNTY OF SAN MATEO, a political subdivision of the State of California, as licensor (“Owner” or “County”) and 1548 MAPLE, LLC, a Delaware limited liability company, as licensee (“Developer”). RECITALS A. Developer and the City of Redwood City, a charter city and municipal corporation (“City”) are parties to that certain development agreement dated August 3, 2018, recorded in the Official Records of the County of San Mateo (“County”) as Instrument No. 2018-088890, as amended (“Development Agreement”), with respect to development of a 131-unit townhome project (“Project”) on the approximately 7.88 acre property at 1548 Maple Street, Redwood City, California (“Project Site”). B. The Development Agreement provides, among other things, for Developer to construct, at its expense, three segments of an extension of Blomquist Street from Maple Street to Redwood Creek (“Blomquist Extension”) identified as the “Blomquist-City Segment,” “Blomquist-County Segment” and “Blomquist- Developer Segment”, with the Blomquist-County Segment and Blomquist-Developer Segment construction obligations, subject to City’s ability to acquire from County necessary right-of-way over the County Property (defined below) (“Blomquist County Right-of-Way”). C. City and County have entered into an agreement dated September 30, 2021 (as amended from time to time, the “Exchange Agreement”), by which, as of the Effective Date, (a) City will have conveyed to County approximately 2.52 acres of undeveloped property (“City Parcel”), being a portion of a larger approximately 4.56-acre City-owned property, APN 052-398-010 (“City Property”), in exchange for the County’s transfer to City of a fee interest in that certain approximately 2.00 acre County-owned property at 1580 Maple Street, including buildings and improvements thereon, which includes the Blomquist County Right-of-Way, APN 052-532-020 (“County Property”). Following closing of the exchange transaction (“Exchange Closing”), City will retain ownership of the remaining approximately 2.04-acre portion of the City Property (“City Remainder”), and the County will develop on the City Parcel a shelter and support facility for persons experiencing homelessness (“Navigation Center”). The relative locations of the City Parcel and City Remainder on the City Property are set forth on Exhibit A hereto. D. In order to develop the Project on the Project Site and the Navigation Center on the City Parcel, Developer and County may each need to engage in construction-related activities on the City Parcel. To facilitate achievement of both of those goals, Developer desires to obtain rights to enter upon the City Parcel, and County desires to allow Developer to do so subject to all of the terms and conditions of this License. E. Also, upon the Exchange Closing, County will have granted City a public services easement (“Public Services Easement”) over the portion of the then-County-owned City Parcel depicted as the Public Services Easement Area on Exhibit A (“Public Services Easement Area”) and the City is expected to have provided Developer with a separate encroachment permit or other similar instrument (“Encroachment Permit”) authorizing Developer to construct and install storm drains and potentially other improvements