Agreement_Between_City_of_SL_&_Reclaim_Lost_Assets_Public_Libary

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ATTORNEY WORK PRODUCT PRIVILEGED & CONFIDENTIAL Proprietary Information & Exclusivity Agreement between City of San Leandro and Last revised 01/12/2026 Reclaim Lost Assets, LLC for approximately $2.2 M in the form of an uncashed check Page 1 of 12 EXCLUSIVITY AGREEMENT BETWEEN THE CITY OF SAN LEANDRO AND RECLAIM LOST ASSETS, LLC FOR SAN LEANDRO PUBLIC LIBRARY ASSET RECOVERY This Exclusivity Agreement (“Agreement”) is made between Reclaim Lost Assets, LLC, a New York limited liability company (“RLA”), and the City of San Leandro, by and through the San Leandro Public Library (“Library”), including its departments, agencies, and instrumentalities (collectively, the “City”). RLA and the City are each a “Party” and collectively, the “Parties.” 1.Purpose The purpose of this Agreement is to grant RLA the exclusive right to recover on behalf of the City a certain unclaimed, abandoned, escheated, or otherwise recoverable financial asset (“Assets”) belonging to the City, and to establish the obligations of the City and RLA in connection with RLA ’s provision of asset recovery services. 2.Term Except as provided by Section 8 of this Agreement, the term of this Agreement is three (3) years, commencing on the date this Agreement is approved and executed by the City in substantially the form presented, and continuing for three (3) years thereafter (the “Term”). a.Expiration of City’s Right to Recover the Assets. The Parties acknowledge that the third-party holder of the Assets advised RLA that the Assets will expire and become unrecoverable after March 31, 2026, and that the recommended submission deadline to ensure timely processing is February 28, 2026. b.The Parties further acknowledge that execution and City Council approval of the Contractor Services Agreement (“SA”) (Exhibit B) and Limited Power of Attorney (“LPOA”) (Exhibit C) are prerequisites to RLA’s ability to initiate recovery of the Assets. c.If the City fails to approve and fully execute the SA and/or LPOA in sufficient time to allow RLA to submit the required documentation by February 28, 2026, and that delay results in the expiration or forfeiture of the Assets, RLA shall bear no liability or responsibility for such loss. In that event, RLA’s obligations under this Agreement shall be deemed satisfied in full, however, RLA will not be entitled to any compensation or recovery of costs in the event of such loss due to delay by the City Council’s approval process. RLA enters into all agreements with the City at its own risk and cost, except to the extent RLA is entitled to recourse under the terms of this Agreement or the SA. d.RLA shall retain rights relating to confidentiality and exclusivity pursuant to this Agreement. 3.Exclusivity Grant Except as provided by Section 8 of this Agreement, during the Term: Docusign Envelope ID: 65A9B401-774B-4957-AE8F-558B39C8D761