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7. Attorney's Fees and Costs. Borrower agrees that if any amounts due under this Promissory Note are not paid when due, to pay in addition to interest, if any, all costs and expenses of collection and reasonable attorney fees paid or incurred in connection with the collection or enforcement of this Promissory Note, whether or not suit is filed. 8. Joint and Several Obligations. This Promissory Note is the joint and several obligation of all makers, sureties, guarantors, and endorsers, and shall be binding upon them and their successors and assigns. 9. No Offset. Borrower hereby waives any rights of offset it now has or may hereafter have against City, its successors and assigns, and agrees to make the payments called for herein in accordance with the terms of this Promissory Note. 10. Waiver. Borrower and any endorsers or guarantors of this Promissory Note, for themselves, their heirs, legal representatives, successors and assigns, respectively, severally waive diligence, presentment, protest, and demand, and notice of protest, notice of dishonor and notice of non - payment of this Promissory Note, and expressly waive any rights to be released by reason of any extension of time or change in terms of payment, or change, alteration or release of any security given for the payments hereof, and expressly waive the right to plead any and all statutes of limitations as a defense to any demand on this Promissory Note or agreement to pay the same, and jointly and severally agree to pay all costs of collection when incurred, including reasonable attorneys' fees. 11. Notices. All notices required in this Promissory Note shall be sent by certified mail, return receipt requested, express delivery service with a delivery receipt, or personal delivery with a delivery receipt and shall be deemed to be effective as of the date received, the date delivery was refused, or the date returned as undeliverable as indicated on the return receipt, as follows: To the Borrower: To the City: 24 Ventures, LLC City of Pleasanton 18560 Sobey Road 123 Main Street Saratoga, CA 95070 Pleasanton, CA 94566 Attn: Rahim Morid Attn: City Manager The parties may subsequently change addresses by providing written notice of the change in address to the other parties in accordance with this Section. 12. Controlling Law. This Promissory Note shall be construed in accordance with and be governed by the laws of the State of California. The venue for any legal action pertaining to this Promissory Note shall be Alameda County, California. 3