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RECORDING REQUESTED BY ) <br /> AND WHEN RECORDED MAIL TO : ) O <br /> )City Clerk ) <br /> City of Redwood City ) <br /> Redwood City , CA 94063 ) <br /> ) <br /> ) <br /> EXTENSION OF OPTION AGREEMENT <br /> This Extension of Option Agreement is made as of the / o ' day <br /> of July , 1995 , by and between REDWOOD SHORES , INC . , a California <br /> corporation ( "Optionor" ) , and the CITY OF REDWOOD CITY , a <br /> municipal corporation ( "Optionee" ) . <br /> RECITALS. <br /> as <br /> S# <br /> A . Optionor and Op on 2e entered into that certain Option <br /> Agreement dated May 20 , 19&5.'nd recorded on July 18 , 1985 as <br /> Instrument No . 85072031 in the Official Records of San Mateo <br /> County under which Optionor granted to Optionee the option <br /> ( "Option" ) to purchase the real property situated in the City of <br /> Redwood City , County of San Mateo , State of California more CD <br /> particularly described in Exhibit A attached hereto and C-71 <br /> incorporated herein by this reference , subject to all of the C <br /> terms , conditions , restrictions and reversionary rights set forth 'v <br /> in the Option Agreement . N <br /> CD <br /> B . The Option Period ( as defined in the Option Agreement ) hJ <br /> expires on July 18 , 1995 . 'r' <br /> C . Optionor and Optionee desire to extend the Option <br /> Period by one ( 1 ) year to July 18 , 1996 . <br /> NOW THEREFORE , in consideration of the sum of TEN DOLLARS <br /> ( $ 10 . 00 ) paid by Optionee to Optionor and other good and valuable <br /> consideration , the receipt and sufficiency of which is hereby <br /> acknowledged , Optionor and Optionee agree as follows : <br /> 1 . The Option Period is hereby extended by one ( 1 ) year to <br /> July 18 , 1996 , and the Option shall expire if not exercised by <br /> the Optionee in accordance with the terms and provisions of the <br /> Option Agreement by July 18 , 1996 . <br /> 2 . The extension of the Option Period shall have no effect <br /> on the other terms , conditions , restrictions and reversionary <br /> rights set forth in the Option Agreement . <br /> E:\re\70140 1001\4320712h.040 1 <br />