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EXHIBIT E � <br /> ASSIGNMENT AND ASSUMPTION AGREEMENT <br /> This ASSIGNMENT AND ASSUMPTION OF OPTION AGREEMENTS <br /> (this "Assignment") is made as of , 2010 (the "Effective <br /> Date"), by and between the City of Redwood City, a charter city and a municipal <br /> corporation of the State of California ("City"), and the County of San Mateo, a <br /> subdivision of the State of California ("County"). <br /> RECITALS <br /> A. City (as the "Optionee") has entered into the following agreements (each, <br /> an "Option Agreement" and, collectively, the "Option Agreements") pursuant to which <br /> City has acquired the right and option to purchase certain parcels of real property located <br /> in the City of Redwood City, California (each, a"Property" and, collectively, the • <br /> "Properties"): <br /> (i) Real Estate Option Agreement dated as of October l, 2010, <br /> between City and Chemical Way Properties, LLC, a California limited liability company <br /> (as the "Owner"), for the Property located at 20 Chemical Way, a copy of which is <br /> attached to this Assignment as Exhibit A; <br /> (ii) Real Estate Option Ageement dated as of October l, 2010, • <br /> between City and Las Cruces Holdings, LLC, a California limited liability company (as <br /> the "Owner"), for the Property located at 50 Chemical Way, a copy of which is attached <br /> to this' Assignment as Exhibit B; <br /> (iii) Real Estate Option Agreement dated as of October 1, 2010, <br /> between City and Kona Ventures, LLC, a California limited liability company (as the <br /> "Owner"), for the Property located at 70 Chemical Way, a copy of which is attached to • <br /> this Assignment as Exhibit C; and <br /> (iv) Real Estate Option Agreement dated as of October 1, 2010, <br /> between City and Schraeder Leask Development, Inc. (as the "Owner"), for the Property <br /> located at 80 Chemical Way, a copy of which is attached to this Assignment as Exhibit <br /> D. <br /> B. Pursuant to a Memorandum of Understanding between City and County <br /> dated November _, 2010, City has agreed to assign all of its right, title and interest in <br /> the Option Agreements to County, and County has agreed to accept such assignment and <br /> to assume all obligations of City under the Option Agreements. <br /> i <br /> C:�Documents and Settings\jherren\Local Settings\Temporary Internet <br /> Files\Content.0utlook�XS248IJT�2010 128 Chemical Way MOU (2).doc 1 <br />