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ATTACHMENT 4 SUBDIVISION AGREEMENT Tract 8245 This Subdivision Agreement("Agreement") is made and entered into this day of 2018,by and between,Meritage Homes of California, Inc., a California corporation ("Subdivider"), and the City of Pleasanton, a general law city("City"). RECITALS WHEREAS, Subdivider has a City-approved planned unit development plan PUD-110 and vesting tentative map for Tract 8245 (the"Tract") for the development of 87 new single- family homes on an approximately 10.6-acre site, establishing an open space/arroyo parcel on 2.8 acres, and creating one approximately 1.64-acre lot to be dedicated to the City for affordable housing, on a combined 15.03-acre site located at 3988 First Street, 3878 Stanley Boulevard, and 3780 Stanley Boulevard (the"Site"); and WHEREAS, all or a portion of the area of the vesting tentative map is presented as a "final map," and a copy of said map is on file in the office of the City Engineer, and by reference is included in this Agreement for all purposes as if attached hereto; and WHEREAS, said map and subdivision of land designates private streets and public easements and public ways for the City,and Subdivider proposes to dedicate this land as set forth in the final map to the City; and WHEREAS, as a condition precedent to accepting this offer of dedication by Subdivider, City requires the improvements of the public ways, installation or extension of certain City services at Subdivider's expense and certain protection for the City on behalf of the public; and WHEREAS, as mitigation measures and conditions of approval for PUD-110 and the Tract, Subdivider shall also construct public and private improvements on the site and public improvements off the site which also benefit off-site properties. NOW, THEREFORE, in consideration of the faithful performance of the promises, terms, conditions and covenants set forth herein by Subdivider,the parties hereto agree as follows: 1. Time of Essence. Time is of the essence in the performance of this Agreement. The work and improvements required by this Agreement to be completed by Subdivider shall be completed within one (1)year from the above-mentioned date of this Agreement except that work and improvements for the Nevada Street extension to be completed on Parcel 3 of Parcel Map 2298 (APN 946-1680-13-4,the "Public Storage parcel") and Parcel E of Tract 4401 (APN 946-4542-11,the"Auf der Maur parcel")may be completed within one(1)year from the time the City records irrevocable offers of dedications on such parcels. Subdivision Agreement Tract 8245—Meritage of California,Inc. Page 1 of 8