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INSURANCE ON FILE WORK MAY PROCEED UNTIL IN URANCE EXPIRES CL K OF CO NCIL' RIGHT OF ENTRY DATE: #IP60 AND LICENSE AGREEMENT N -aoo3 -rte? THIS RIGHT OF ENTRY AND LICENSE AGREEMENT ( "Agreement ") is made w. U✓ " and entered into as of _day of November, 2003 by and between the CITY OF SANTA ANA, a charter city duly organized under the Constitution and laws of the State of California (the "City"), and WALNUT STREET S.A. U.SA., LLC, a California limited liability company ( "Walnut Street"), with respect to the following: RECITALS A. The City is the owner of that certain real property located on the South Side of First Street between Main and Sycamore Streets in the City of Santa Ana, California, described as APN No. 398 - 278 -03 and whose legal description is: Lot 3 of Block 1 of Palmer's Addition to the Town of Santa Ana, as shown on a Map recorded in Book 34, Page 87 of Miscellaneous Maps, Records of Orange County, California, hereinafter referred to as "the Property." B. Walnut Street is negotiating a purchase agreement with the City to purchase the Property. C. Walnut Street desires to enter onto the Property owned by the City in order to undertake certain improvements, which if the Property is not sold to Walnut Street, would belong to the City. D. The City wishes to accommodate Walnut Street's desire to improve and utilize the Property on a non - exclusive basis by granting a right of entry and license to Walnut Street upon certain terms and conditions. NOW, THEREFORE, for good and valuable consideration, Walnut Street and City do hereby agree as follows: 1. Right of Entry and License. Provided that all of the terms and conditions of this Agreement are fully satisfied, as of the Effective Date of this Agreement the City hereby grants to Walnut Street and its employees, agents and contractors the nonexclusive, nonassignable, personal right and license to enter upon the Property to construct certain improvements, as shown on the plan attached hereto as Exhibit A and incorporated herein by this reference, and for no other purposes without the prior written approval of the Executive Director of the Community Development Agency. This Agreement shall automatically terminate and expire one hundred twenty (120) days after written notice of expiration is provided by City, or in three (3) years from the date of this Agreement, whichever occurs first. It is expressly understood that this Agreement does not in any way whatsoever grant or convey any rights of possession, easement or other cognizable property interest in the Property. Upon termination of this Agreement, all improvements constructed by Walnut Street on the Property shall be the property of the City.