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• 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 /> KONA VENTURES, LLC, <br /> B <br /> a Califo •a limited lia ility mpany <br /> : ii /, Marshall H I�� B y: If <br /> Nam . Mar do• Poc / U 't �? y Name:. �� irks Y S <br /> It s : Member Its: fge,k,k 6ke, t/ <br /> OPTIONEE: <br /> CITY OF REDWOOD CITY, a charter <br /> city and municipal corporation of the State <br /> of California <br /> By: V,.../ <br /> Name: 'C�` r C 21( ram, <br /> Ck Its: M4,v\itey <br /> 0 ,,, <br /> 1,. T: 1 i i 16 (6 <br /> 1. ` ivia I del, inden, City Clerk <br /> 2 <br />