USL PLEASANTON LAKES, LP. C/O STEELWAVE, LLC (FIRST CARBON SOLUTIONS)

REIMBURSEMENT AGREEMENT This Reimbursement Agreement for consultant services related to development applications by USL Pleasanton Lakes, L.P. (“Agreement”) is entered into on September 3, 2025, between the City of Pleasanton, a general law city (“City”) and USL Pleasanton Lakes, L.P. (“Developer”). RECITALS A. Developer owns an approximately 26.6-acre property in Alameda County adjacent to the City of Pleasanton and has submitted development applications to the City for annexation and construction of 189 residential homes with on- and off-site improvements (the “Project”). B. On September 3, 2025, City authorized work with FirstCarbon Solutions (Consultant) for the preparation of an Addendum to the Environmental Impact Report (EIR) prepared for Alameda County, for the Project. C. Developer agrees to reimburse City for the cost of such Consultant services (“Consultant Costs”) and charges in the City’s Master Fee Schedule. NOW, THEREFORE, in exchange for valuable consideration, the parties agree as follows: 1. Reimbursement of Third-Party Consulting Costs and Charges in Master Fee Schedule. A list of the third-party consultants proposed to be retained by the City to prepare the Addendum and peer review related to the Project, together with a description of the proposed scope of work and estimate of costs for each third-party consultant, is attached hereto (and incorporated herein as if set forth in full) as Exhibit A (the “Eligible Consulting Costs”). During the term of this Agreement, Developer agrees to reimburse City for the Eligible Consulting Costs, plus the twenty-five percent (25%) charge in the Master Fee Schedule for City staff review of consultant’s cost for the work. 2. Time and Manner of Reimbursement. Payment for Eligible Consulting Costs plus charges shall be made as follows: (a) Developer shall make a $114,675 payment (the “Deposit”) to the City when the City executes an agreement for Eligible Consulting Costs; (b) in the case of additional services being necessary and agreed-upon by Developer and the City, such additional costs and charges shall be paid within thirty (30) days of the Developer’s receipt of an invoice from the City. All invoices shall be provided by City pursuant to the notice requirements of Section 6, below. Once received, Developer shall review each invoice to confirm the costs set forth therein are Eligible Consulting Costs. The City hereby directs that any Eligible Consulting Costs and charges due to the City pursuant to this Agreement shall be payable to the City of Pleasanton and mailed to: Attention: Jenny Soo City of Pleasanton Community and Economic Development Department 200 Old Bernal Avenue P.O. Box 520 Pleasanton, CA 94566-0802 ! " Docusign Envelope ID: 7565F74F-BD3E-4CF2-8959-B6FB2748CD43