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,.. ^ , CI~Q g ~?~.~~, ~~~/ Recording Requested by V~T ~ ~ ~Q~~ and when Recorded, return to: pity ~1 pan L~~a~dro Redevelopment Agency of the City of San Leandro 835 East 14~" Street San Leandro, CA 94577 Attn: Executive Director EXEMPT FROM RECORDING FEES PER GpVERNMENT CpDE §§6103, 27383 J~,+ O F ALq~~ 2@@83@2557- - 1@11712@@8 @3 ; 29 P~1 0 o OFFICIAL RECORDS OF ' PATRICK O'CONNELL RECORDING FEE: CgLISOPH~T f"~ ~ ~~ V' ~ ~.t, .~ ALAMEDA COUNTY 0.00 PGS (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) MEMORANDUM OF LEASE WITH OPTION TO PURCHASE J This Memorandum of Lease with Option to Purchase (this "Memorandum") dated as of r*. ~ , 2008, is executed by and between the Redevelopment Agency of the City of San Leandro, a public body corporate and politic ("Agency") and the San Leandro Chamber of Commerce, a California nonprofit public benefit corporation ("Lessor") in reference to that certain Lease with Option to Purchase dated as of September 2, 2008, by and between Agency and Lessor (the "Lease"). 1. The purpose of this Memorandum is to provide notice of the existence of the Lease which is incorporated herein by reference. 2. Lessor is the owner of fee title to the land located in the City of San Leandro, County of Alameda, State of California known as Alameda County Assessor's Parcel No. 075-0001-009-02 located at 262 Davis Street and more particularly described in Exhibit A attached hereto (the "Property"). 3. For good and valuable consideration, Lessor has leased to Agency, and Agency has leased from Lessor, the Property and the improvements located thereon (the "Improvements") upon and subject to all of the terms and conditions set forth in the Lease. 4. The term of the Lease ("Term") commences on October 1, 2008 (the "Commencement Date"), and unless sooner terminated or extended pursuant to the terms and conditions of the Lease, the Term expires on the third (3`d) anniversary of the Commencement Date. The Agency has an option to extend the Term far an additional two (2) years. 5. The Lease provides that the Agency has an option to purchase the Property upon the occurrence of specified events as more particularly set forth in the Lease. 6. Copies of the unrecorded Lease are available at the offices of the Agency, 835 East 14~` Street, San Leandro, California, and such document is incorporated by reference in its entirety in this Memorandum. In the event of any inconsistency between this Memorandum and the Lease, the Lease shall control. 7. This Memorandum may be executed in counterparts, each of which shall be an original, and alI of which together shall constitute one instrument. 1137220-4