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Recording Requested by <br />and when Recorded, return to: <br /> <br />City of San Leandro <br />835 East 14th Street <br />San Leandro, CA 94577 <br />Attention: City Manager <br /> <br />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§6103, 27383 <br /> <br /> <br />(SPACE ABOVE THIS LINE RESERVED <br />FOR RECORDER’S USE) <br /> <br />MEMORANDUM OF LOAN AGREEMENT <br /> <br /> This Memorandum of Loan Agreement (this “Memorandum”) dated as of _____________, <br />20__, is entered into by and between the City of San Leandro, a municipal corporation (“City”) and <br />San Leandro Senior Housing Associates, L.P., a California limited partnership (“Developer”). City <br />and Developer are hereinafter collectively referred to as the “Parties.” <br /> <br />1. The Parties have entered into that certain Loan Agreement dated as of ______, 2016 (the <br />“Loan Agreement”), pursuant to which Developer has agreed to develop certain real property (the <br />“Property”) located within the Project Area and more particularly described in Exhibit A attached <br />hereto and incorporated herein by this reference. <br /> <br />2. The Parties have executed and recorded this instrument to give notice of the Loan Agreement <br />and the respective rights of the Parties thereunder. Copies of the unrecorded Loan Agreement are <br />available at the offices of the City, 835 East 14th Street, San Leandro, California, 94577 and such <br />document is incorporated by reference in its entirety in this Memorandum. This Memorandum is <br />solely for recording purposes and shall not be construed to alter, modify, amend or supplement the <br />Loan Agreement. In the event of any inconsistency between this Memorandum and the Loan <br />Agreement, the Loan Agreement shall control. <br /> <br />5. This Memorandum shall be interpreted and enforced in accordance with California law <br />without regard to principles of conflict of laws. This Memorandum may be executed in counterparts. <br /> <br />6. The Loan Agreement shall bind and inure to the benefit of the Parties and their respective <br />successors and assigns. <br /> <br />SIGNATURES ON FOLLOWING PAGE <br />144\221\1339870.2 1902313.1 1