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• <br /> Owner and Optionee to be performed under the Option Agreement and this <br /> . Memorandum, whether to be performed on the Property or elsewhere and whether such <br /> obligations are affirmative or negative in nature, are intended to and shall bind Owner <br /> and Optionee and shall bind and inure to the benefit of and their respective heirs, <br /> successors and assigns. <br /> IN WITNESS WHEREOF, Owner and Optionee have signed this Memorandum <br /> of Option Agreement dated as of the date first set forth above. <br /> OWNER: <br /> SCHRADER LEASK DEVELOPMENT, <br /> INC., a C. lifornia corpora on <br /> / 40 <br /> By: l aA <br /> ,/me:-Z7ne6 6 taasie <br /> Its: v'Cz/ J j <br /> OPTIONEE: <br /> CITY OF REDWOOD CITY, a charter <br /> city and municipal corporation of the State <br /> of California <br /> By: <br /> NamerC k V" C • - - ra m <br /> Its: C I\ka,Raie - <br /> J <br /> A ��:ST: <br /> 1 0 OP 10 <br /> Sill ond:Ylin. en, City Clerk <br /> 2 <br />