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1 DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (this “Development Agreement” or this “Agreement”) is entered into as of ________, 2022 (the “Agreement Date”) by and between the City of San Leandro, a California charter city organized and existing under the laws of the State of California (“City”), and Cal Coast Companies LLC, Inc., a Delaware corporation doing business in California as Cal Coast Developer, Inc. (“Developer”). City and Developer are referred to individually as “Party,” and collectively as the “Parties.” RECITALS This Agreement is entered into upon the basis of the following facts, understandings and intentions of City and Developer: A.The lack of certainty in the approval of development projects can result in a waste of resources, escalate the cost of development, and discourage investment in and commitment to comprehensive planning that would make maximum efficient utilization of resources at the least economic cost to the public. B.In order to strengthen the public planning process, encourage private participation in comprehensive planning and reduce the economic costs and risk of development, the Legislature of the State of California enacted Section 65864, et seq., of the Government Code (the “Development Agreement Legislation”), which authorizes City to enter into a development agreement for real property with any person having a legal or equitable interest in such property in order to establish certain development rights in the property. C.The City and Developer seek the development of certain City-owned property consisting of approximately seventy-five (75) acres located within the City limits in the Shoreline-Marina area, as more particularly depicted in Exhibit A attached hereto (the “Property”). D.The City and Developer have entered into a Disposition and Development Agreement dated July 22, 2020, as amended by that certain First Amendment to Purchase and Sale Agreement and Disposition and Development Agreement dated as of March 17, 2021, and that certain Second Amendment to Purchase and Sale Agreement and Disposition and Development Agreement dated as of June 21, 2022 (as amended, the “DDA”), which provides for City and Developer to enter into certain land disposition agreements, leases, access agreements, construction agreements and other definitive agreements pertaining to the sale or lease of portions of the Property from City to Developer, and for construction of improvements thereon (“DDA Implementation Agreements”), as further described in the DDA. E.Developer desires to develop the Property with a multi-component development that includes, but is not limited to, construction of single family residential units (“Single Family Element”), reconstruction of an existing golf course (“Golf Course Element”), construction of a hotel (“Developer Hotel Element”), construction of a multifamily apartment complex (“Multifamily Element”), construction of a restaurant (“Developer Restaurant Element”), construction of a market (“Market Element”), reconstruction of Monarch Bay Drive (“Monarch Bay Drive Element”), and associated infrastructure and Public Improvements