BRANDYWINE ACQUISITION GROUP, LLC

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EXHIBIT "C" RECORDING REQUESTED BY, AND WHEN RECORDED MAIL TO City of Santa Ana 20 Civic Center Plaza, 6th Floor Santa Ana, California 92702 Attn: Executive Director This document is exempt from payment of a recording fee pursuant to Government Code Sections 27383 and 6103. NOTICE OF AFFORDABILITY RESTRICTIONS ON TRANSFER OF PROPERTY This Notice of Affordability Restrictions on Transfer of Property (or "Notice of Affordability Restrictions") is executed and recorded pursuant to Section 65915 of the California Government Code, and affects that certain real property generally located at 1814 & 1818 east First Street —in the City of Santa Ana, California ("City") as legally described in Exhibit A hereto ("Property"). The City of Santa Ana, a charter city and municipal corporation of the State of California (referred to herein as "City"), and Brandywine Acquisition Group, LLC ("Developer/Property Owner") have entered into that certain Density Bonus Housing Agreement dated as of August 17, 2022 ("Density Bonus Housing Agreement"). 1. The Density Bonus Housing Agreement provides for affordability restrictions and restrictions on the transfer of the Property, as more particularly set forth in the Density Bonus Housing Agreement. A copy of the Density Bonus Housing Agreement is on file with City as a public record and is deemed incorporated herein. Reference is made to the Density Bonus Housing Agreement with regard to the complete text of the provisions of such agreement and all defined terms therein, which provides for affordability restrictions and restrictions on the transfer of the Property. 2. For a period commencing upon the date on which the Affordable Unit receives all required occupancy permits from the City and terminating on the fifty- fifth (55th) anniversary thereof, the Property may only be transferred to another 1