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�a • <br /> DOC Lt 6-065909 <br /> Recording Requested by 03/27/20066 07:556A 18..:58.00 <br /> Page I ofand When Recorded Relurn To: Recorded in Official Records <br /> County of Sen Joaquin <br /> GARY Y. FREEMAN <br /> AKT Development Co. Assessor-Recorder-County Clerk <br /> cio Jean Perry Paid by l <br /> 7700 College Town Sacramento, A 95826 Drive,Suite l01 IIIIII IIIIII IIIIII(III ALLIANCE <br /> (IIIIII I I I�I IIIIII <br /> 19.34 eql t,76 L gy (Space above line for Recorder's use only) <br /> MEMORANDUM OF OPTION TO PURCHASE <br /> (Tracy Hills,LLC Interest) <br /> 'this Memorandum of Option("Memorandum") is made as of March /O ,2006 by and between <br /> TRACY HILLS,LLC,a California limited liability company("Optionor")and ANGELO K. <br /> TSAKOPOULOS or his assignee or nominee ("AKT")with reference to the following facts: <br /> I. Simultaneously herewith,Optionor and AKT have entered into that certain Option <br /> Agreement of even date herewith(the"Option Agreement")pursuant to which Optionor is granting to AKT <br /> an exclusive option to purchase all of Optionor's right,title and interest in and to that certain 1,416+acres <br /> of real property located in San Joaquin County,California more particularly described on Exhibit"A" <br /> hereto. <br /> 2. All of the specific terms and conditions of the Option Agreement are hereby incorporated <br /> herein by this reference. The parties are recording this Memorandum to give notice of the Option <br /> Agreement. <br /> 3. The term of the option expires at 5:00 p.m.March 1,2016,provided,however,under <br /> certain circumstances the term of the option may be extended for an additional 180 calendar days beyond <br /> such date. <br /> 4. The address of AKT is 7700 College Town Drive, Suite 101, Sacramento,CA 95826. <br /> S. This Memorandum may be executed in identical counterparts. <br /> IN WITNESS WHEREOF,the parties hereto have executed this Memorandum as of the date first <br /> above written. <br /> "Optionor" "AKT" <br /> TRACY HILLS,LLC, a <br /> / k <br /> California limited liability company ANGI > C.TSAKOP <br /> 1 <br /> By: AKT Investments,Inc.,a <br /> California corporation, <br /> Its Manager <br /> By: <br /> L <br /> Angelo K.T" kopoulos, <br /> Chairman li <br /> Tracy 1416±acs.-Memo of Option(Tracy Hills,LLC) <br /> 030306 DV 1 <br />