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Recording Requested by <br />and when recorded return to: <br />Space above this line for Recorder's use. <br />GRANT DEED <br />FOR VALUE RECEIVED, the City of San Leandro, a municipal corporation ("Grantor") <br />hereby grants to Chang Income Property Partnership, L.P., San Leandro Land Series (R11), a Delaware <br />limited partnership ("Grantee") that certain real property (the "Property") situated in the City of San <br />Leandro, County of Alameda, State of California, described in Exhibit A attached hereto and <br />incorporated herein by reference, together with all rights, privileges, easements, hereditaments and <br />appurtenances thereto and all improvements situated thereon, but excepting therefrom all minerals and <br />mineral rights, interests, and royalties, including without limitation oil, gas and other hydrocarbon <br />substances, without the right for any purpose whatsoever to enter upon, into or through the surface <br />thereof, as excepted in the deed executed by Southern Pacific Transportation Company, a Delaware <br />corporation to the City of San Leandro, a municipal corporation, recorded October 12, 1988, Series <br />Number 1988-257044, Alameda County records. <br />IN WITNESS WHEREOF, Grantor has executed this Grant Deed as of <br />2010. <br />CITY: <br />CITY OF SAN LEANDRO <br />a municipal corporation <br />By: <br />Print Name: <br />Title: <br />ATTEST: <br />By: <br />City Clerk <br />1331533-6 <br />13 <br />