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3. Lender is an intended beneficiary of this Subordination <br />Agreement and shall be entitled to enforce the terms, covenants and <br />conditions contained herein as a third-party beneficiary. <br /> <br /> NOTICE: THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION <br /> WHICH ALLOWS THE PERSON OBLIGATED PURSUANT TO YOUR AGREEMENT <br /> FOR INDUSTRIAL DEVELOPMENT PURPOSES TO OBTAIN A LOAN SECURED <br /> BY A DEED OF TRUST SENIOR AND SUPERIOR TO THE AGREEMENT FOR <br /> INDUSTRIAL DEVELOPMENT PURPOSES. <br /> <br />CITY: OWNER: <br />City of Pleasanton, Pleasant 2, a California <br />a municipal corporation general partnership <br /> <br />By: By: <br /> Kenneth R. Mercer, Thomas J. Albanese, general <br /> Its Mayor partner ' <br /> <br /> By: <br /> Patrick W. Esrey, general <br /> partner <br />ATTEST: <br /> <br />James R. Walker, City Clerk <br />APPROVED AS TO FORM: <br /> <br />Peter D. MacDonald, City Attorney <br /> <br /> -3- <br /> <br /> <br />