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CJ gcjk "Jro <br />,5 EC�S4- <br />E_�,ct,v` 6_,av,_cky,0,c4 RCS 1 � <br />RECORDING REQUESTED BY <br />AND WHEN RECORDED MAIL TO: <br />City of San Leandro <br />835 East 14th Street <br />San Leandro, CA 94577 <br />Attn: City Clerk <br />EXEMPT FROM RECORDING FEES PER <br />GOVERNMENT CODE §§6103, 27383 <br />CITY OFFS -AN LEANDRO <br />JUL 2 0 2022 <br />TY CLERK'S OFFICE <br />2022116075 06/23/2022 11:08 AM <br />OFFICIAL RECORDS OF ALAMEDA COUNTY <br />MELISSAWILK,CLERK-RECORDER <br />RECORDING FEES: $0.00 <br />�5 <br />a B <br />q°MEns Go�4e <br />1111111111111111 IN 11111 <br />(SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) <br />MEMORANDUM OF COMMERICAL REHABILITATION LOAN AGREEMENT <br />This Memorandum of Commercial Rehabilitation Loan Agreement ("Memorandum") <br />dated as of h ( 2022, is entered into by and between the City of San Leandro, a <br />public agency (` ity"), and PRANAM, LLC ("Owner"). City and Owner are hereinafter <br />collectively referred to as the "Parties." <br />The Parties have entered into that certain Commercial Rehabilitation Loan <br />Agreement dated as of the date hereof (the "Agreement"), pursuant to which Owner has <br />agreed to undertake certain improvements to the real property (the "Property") located <br />within the City of San Leandro and more particularly described in Exhibit A attached hereto <br />and incorporated herein by this reference. <br />2. Among other conditions, the Agreement provides that (i) except as permitted by the <br />Agreement, Owner shall not voluntarily or involuntarily make or attempt any total or partial <br />sale, transfer, conveyance, assignment of the whole or any part of the Property or the <br />improvements located thereon without the prior written approval of the City, such approval <br />shall not be unreasonably withheld; and (ii) any transferee of all or part of the Property shall <br />be subject to and shall expressly assume all of the covenants, obligations and restrictions <br />of the Agreement which pertain to the portion of the Property transferred, including without <br />limitation, the maintenance obligations and use restrictions set forth in the Agreement. <br />7 PGS <br />