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• • <br /> 4. Effect. Seller and Buyer have executed and recorded this Memorandum for the <br /> purpose of imparting notice of the Purchase and Sale Agreement and the respective rights and <br /> obligations of Seller and Buyer thereunder. The obligations of Seller and Buyer to be performed <br /> under the Purchase and Sale Agreement and this Memorandum, whether to be performed on the <br /> Property or elsewhere and whether such obligations are affirmative or negative in nature, are <br /> intended to and shall bind Seller and Buyer and shall bind and inure to the benefit of and their <br /> respective heirs, successors and assigns. <br /> IN WITNESS WHEREOF, Seller and Buyer have signed this Memorandum of Purchase <br /> and Sale Agreement dated as of the date first set forth above. <br /> SELLER: <br /> a <br /> By: <br /> Name: <br /> Its: <br /> BUYER: <br /> THE REDEVELOPMENT AGENCY OF THE <br /> CITY OF REDWOOD CITY <br /> By: <br /> Name: <br /> Its: <br /> Purchase and Sale Agreement 1548 Maple <br /> 03.04. 2011 v.4 <br /> 31 <br />