Real Estate Master Development Agreement

The Master Development Agreement and Master Plan initially provided for the development of a total of approximately 225,943 square metres for commercial use and 17 residences on the PTPIII field. comprising 172,943 square metres of commercial use and 17 C-phase residences and 53,000 square metres of commercial use on Part B parcel C. OAK #4826-9842-1336 v10 2 In the event of a conflict between the provisions of this agreement and the terms of the Master Development Agreement, the provisions of this PROJECT PTPI DAA control. Evidence of failure may also be provided as part of the regularly planned annual review of this PTPIII DA project and the Master Development Agreement pursuant to Section 65865.1, in accordance with Section 65865.1, in accordance with Section 65865.1, in accordance with Section 5.2 of the California Government. Master Development Agreement. The parties acknowledge that the estimated costs of Remainder Park are equivalent to or greater than the PTPIII parking fee estimate and that the satisfactory construction and construction of Remainder Park will fully meet the developer`s “mandatory parking requirement” under the Master Development Agreement. The developer intends to develop the PTPIII property in a continuous order, almost at the same time as the Workforce Project, Remainder Park (as defined in the Master Development Agreement Section 3.3.1.1 in the version modified by the second addition) and the Market Rate Project townhouses, which are generally closest to the Workforce project and then continue with the other Townhouses of the Workforce project until completion.