ANDERSON, BRIAN PROMISSORY NOTE 1994

NOTICE TO BORROWER: THIS DOCUMENT CONTAINS PROVISIONS RESTRICTING RESALES AND ASSUMPTIONS PROMISSORY NOTE Secured by Second Deed of Trust Pleasanton, California $9, 990.00 April 26, 1994 1.0 FOR VALUE RECEIVED, the undersigned BRIAN ANDERSON and CHRISTINA ANDERSON ( "Borrower ") promises to pay to the City of Pleasanton (the "City" or "Lender ") at 123 Main Street, Pleasanton, California, 94566, or at such other place as the City may from time to time designate in writing, in accordance with the provisions of this Promissory Note (the "Note "), the principal sum of NINE THOUSAND NINE HUNDRED NINETY DOLLARS ($9,990.00), plus the additional sums including interest, in the manner described below: The principal and interest payments due shall be determined on an annual basis. Principal and interest payments shall be fully amortized over a period of fifteen (15) years commencing at the time Borrower is required to begin payments in accordance to Section 4.0, 4.1 and 4.2 of this Note. Upon notification by the City for the Borrower to commence principal and /or interest payments, the City shall determine the annual interest percentage rate. That will be applied to the outstanding principal balance. The annual interest percentage rate shall be equal to the average percentage rate of investment for the City's general investment pool for the previous City fiscal year ending June 30. At the time of the execution of this Note, the estimated interest rate for the fiscal year ending June 30, 1993 is 3.918 %. The interest rate is subject to change on an annual basis. Any interest rate and payment change shall become effective January 1st of each year. City will attempt to send Borrower a written notice of the monthly principal and interest due for the year beginning January 1st, no later than December 1st of each year. Failure to send written notice shall not eliminate the requirement to pay interest and principal as stated above. - 1 -