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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 /> LAS CRUCES HOLDINGS, LLC, <br /> a Cali • limited l ' ity c pany <br /> • �i/ By: <br /> Name: Marshall Hydorn, as Trustee e <br /> Name: ‘-Gv■ P0.41/ <br /> Its: Member !1 <br /> Its: Amx t(/ -e1 <br /> OPTIONEE: <br /> CITY OF REDWOOD CITY, a charter <br /> city and municipal corporation of the State <br /> of California <br /> By: <br /> Name: T- --e r C JV'jfCLVYt <br /> Its: c.,,,--„, Matt\ T r <br /> tit <br /> S Nil oni rli den, Ci ty Clerk I 611 16 2 <br />