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ESTOPPEL CERTIFICATE <br /> (City of Pleasanton) <br /> <br />Metropolitan Life Insurance Company <br /> a New York corporation, and its <br /> successors and assigns <br /> WB Bemal, LLC, and its successors and assigns <br /> c/o Gibson, Dunn & Crutcher LLP <br /> 333 South Grand Avenue, 46t~ Floor <br /> Los Angeles, California 90071 <br /> Attention: Irene Hymanson, Sr. Paralegal <br /> <br />A. The "Development Agreement" (defined hereinafter) <br />B. The "CC&Rs" (defined hereinafter), <br />C. The "Maintenance Agreement" (defined hereinafter) <br />Premises: Bemal Corporate Plaza, Pleasanton, California <br /> <br />Ladies and Gentlemen: <br /> <br /> The undersigned, being an authorized representative of the City named in the <br />Development Agreement, CC&Rs and Maintenance Agreement described below, certifies and <br />agrees as follows for your reliance: <br /> <br />A. DEVELOPMENT AGREEMENT <br /> <br /> With respect to the Development Agreement, dated as of November 18, 1986, by and <br />between The City of Pleasanton, a municipal corporation of the State of California (the "City") <br />and Patrician Associates, Inc., a California corporation ("Patrician"), and Koll Bemal Avenue <br />Associates ("Koll") a Califomia general parmership, as tenants-in-common operating as a joint <br />venture under the name of Bemal Avenue Associates (dba "Bemal Avenue Associates") <br />(together "Developer"), recorded on December 15, 1996, as Instrument No. 86-315720 in the <br />Official Records of Alameda County, California ("Official Records"), as amended by that certain <br />First Amendment to the Development Agreement recorded on January 28, 1997, as Instrument <br />No. 97-025590 in the Official Records, and on February 4, 1997, as Instrument No. 97-035382 <br />(collectively, the "First Amendment," and all to be known as the "Development Agreement"): <br /> <br /> 1. The Development Agreement is in full force and effect and a binding obligation <br />of the parties. <br /> <br /> <br />