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OF 444 0 0 V Y C 4 RECORDING c'EQUESTED BY AND WHEN RECORDED MAIL TO: City of San Leandro 835 East 14th Street San Leandro, CA 94577 Attn: City Clerk EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE §§6103, 27383 2018236944 12/13/2018 03:38 PM OFFICIAL RECORDS OF ALAMEDA COUNTY STEVE MANNING RECORDING FEE: 0.00 11111111111111111 5 PGS (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) MEMORANDUM OF COMMERICAL REHABILITATION LOAN AGREEMENT This Memorandum of Commercial Rehabilitation Loan Agreement (this "Memorandum") dated as of September 2512018, is entered into by and between the City of San Leandro, a public agency ("City"), and Vcaicero Investment Corporation ("Tenant"). City and Tenant are hereinafter collectively referred to as the "Parties." 1. The Parties have entered into that certain Loan Agreement dated as of the date hereof (the "Agreement"), pursuant to which Tenant has agreed to undertake certain improvements to the real property (the "Property") located within the City of San Leandro and more particularly described in Exhibit A attached hereto and incorporated herein by this reference. 2. Among other conditions, the Agreement provides that (i) except as permitted by the Agreement, Tenant shall not voluntarily or involuntarily make or attempt any total or partial sale, transfer, conveyance, assignment of the whole or any part of the Property or the improvements located thereon without the prior written approval of the City, such approval shall not be unreasonably withheld; and (ii) any transferee of all or part of the Property shall be subject to and shall expressly assume all of the covenants, obligations and restrictions of the Agreement which pertain to the portion of the Property transferred, including without limitation, the maintenance obligations and use restrictions set forth in the Agreement. 3. The Parties have executed and recorded this instrument to give notice of the Agreement and the Regulatory Agreement, and the respective rights of the Parties thereunder. Copies of the unrecorded Agreement are available at the offices of the City, 835 East 14th 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 Agreement, the Agreement shall control. 5. This Memorandum shall be interpreted and enforced in accordance with California law without regard to principles of conflict of laws. 6. The Agreement shall bind and inure to the benefit of the Parties and their respective successors and assigns.