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<br />"Common Area"), Parcel MD (the "Promenade"), and the Boat Dock <br /> <br />(the "Boat Dock Premises"). <br /> <br />2. <br /> <br />Term. <br /> <br />The Lease is for a term of forty-nine (49) <br /> <br />years commencing on July 1, 1984, and ending on June 30, 2033. <br /> <br />3. <br /> <br />Purpose of Memorandum of Lease. <br /> <br />This Memorandum <br /> <br />of Lease is prepared for the purpose of recordation, and it does <br /> <br />not modify or amend the provisions of the Lease. <br /> <br />4. <br /> <br />Prior Memorandum of Lease. <br /> <br />The parties <br /> <br />acknowledge and agree that this Memorandum of Lease supersedes <br /> <br />and replaces that Memorandum of Lease made as of September 24, <br /> <br />(also known as American Savings and Loan Association, a <br /> <br />Q) <br />~ <br />~ <br />0 <br />œ <br />Ct.-' <br />(]') <br />~ <br /> <br />1987, and recorded September 30, 1987, under Instrument No. <br /> <br />87150362, Records of San Mateo County; provided, however, that <br /> <br />the security interests of State Savings and Loan Association <br /> <br />California corporation, and as New West Federal Savings and Loan <br /> <br />Association) shall not in any way be impaired thereby. <br /> <br />LESSOR: <br /> <br />City of Redwood City, a municipal <br />corporation of the State of California <br />acting by and through its Board of <br />Port Commissioners <br /> <br />By ¡/)~ j~ <br /> <br />PORT MANAGER OF THE <br />PORT OF REDWOOD CITY <br /> <br />2 <br /> <br />'r---""""--;"'1r' <br />