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<br /> j &{ ® 0(liv n� CITY CLERK OFFICE
<br /> 12
<br /> �k�l v J_ August 15, 2W 6 / re-11-41'
<br /> VIA FEDERAL EXPRESS ///5-17°1 ^ 1--JeZ
<br /> City of Pleasanton $ S,r- �,.� . //e$//,g V
<br /> P O Box 520 T ` d �cGu/►^a
<br /> Pleasanton,CA 94566 .t 1 _ / /1� ,�,,� 0//0//3 /22 c"
<br /> Re: That certain Deed of Trust, Security Agreement and Fixture Filing dated as of August 15, Se ,i
<br /> 2016(as the same may be amended, restated, replaced,supplemented or otherwise modified 11-1
<br /> from time to time,the"Security Instrument")from Stoneridge Properties LLC,a Delaware
<br /> limited liability company ("Borrower") to Kelley H. Butler, Esq., as trustee,for the benefitaiaLirns,-f
<br /> of The Prudential Insurance Company of America and New York Life Insurance Company,
<br /> and their respective successors and assigns (collectively, "Lender"), recorded August 17,6,...$04-
<br /> 2016 as Instrument No. 2016207094, Official Records (defined below), which Security
<br /> Instrument secures, among other things, the obligations of Borrower under those certain (G(1
<br /> Promissory Notes dated as of August 15, 2016,made by Borrower to the order of Lender in /7
<br /> the aggregate original principal amount of$330,000,000.00 (as the same may be amended,
<br /> restated,replaced,supplemented or otherwise modified from time to time,the"Notes") and
<br /> that certain Loan Agreement dated as of August 15, 2016, by and between Borrower and °(i
<br /> Lender (as the same may be amended, restated, replaced, supplemented or otherwise
<br /> modified from time to time,the"Loan Agreement") frit 55—
<br /> Ladies and Gentlemen ri)43
<br /> Reference is made to that certain Development Agreement dated as of November 5, 1992, and
<br /> recorded in the Office of the Recorder of Alameda County, California(the "Official Records") on April
<br /> 2, 1993, as Recording No 93-103418, as affected First Amendment to Development Agreement dated
<br /> January 6, 1998 and recorded in the Official Records on February 5, 1998 as Instrument No 98048535,
<br /> and as further affected by that certain Second Amendment to Development Agreement dated as of June
<br /> 18, 2013 and recorded in the Official Records on September 5, 2013, as Instrument No 2013299219 (the
<br /> foregoing instruments, as the same may be amended, restated, replaced, supplemented or otherwise
<br /> modified from time to time, the "Development Agreement") Capitalized terms used herein without
<br /> definition shall have the respective meanings given thereto in the Development Agreement
<br /> As of the date hereof Borrower is the owner of the property located at One Stonendge Mall Road,
<br /> 1008 Stoneridge Mall Road and 2521 Stonendge Mall Road, Pleasanton, Alameda County, California
<br /> (the "Property") Lender is the current holder of a first prionty loan or loans made to Borrower,
<br /> evidenced by the Notes and the Loan Agreement and secured by, among other things, the Security
<br /> Instrument on the Property and is thus a "holder of a beneficial interest under a Mortgage" and a
<br /> "Mortgagee" as such terms are used in the Development Agreement Accordingly, this notice is being
<br /> delivered to the City of Pleasanton (the "City") by Lender pursuant to the terms of Section 14 3 of the
<br /> Development Agreement to advise the City that Lender is entitled to the rights granted to a "holder of a
<br /> beneficial interest under a Mortgage" and a "Mortgagee" under the Development Agreement Without
<br /> limiting the foregoing, Lender hereby specifically requests, pursuant to the terms of said Section 14 3,
<br /> Loan No PRU 706110163/NYL 374-0753
<br /> Stonendge Mall
<br /> Notice Letter to the City of Pleasanton,CA
<br /> 28163403v 2/028227-001530
<br />
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