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RECORDING REQUESTED BY AND WHEN RECORDED RETURN TO: Historic Mission Inn Corporation 4100 Newport Place Suite 400 Newport Beach, California 92660 Attention: Ted Weggeland (Space Above For Recorder's Use) MEMORANDUM OF LEASE THIS MEMORANDUM OF LEASE ("Memorandum") is made and entered into as of December 22 , 2000, by and between HISTORIC MISSION INN CORPORATION, a California corporation ("Landlord"), and THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, a public body, corporate and politic ("Tenant"). 1. Term and Premises. For the Lease Term and upon the provisions set forth in that certain written lease of even date herewith from Landlord to Tenant ("Lease"), all of which provisions are specifically made a part hereof as though fully and completely set forth herein, Landlord leases to Tenant, and Tenant leases from Landlord, that certain real property consisting of museum and office space ("Premises") located in the City of Riverside, County of Riverside, State of California, as depicted on Exhibit "1" attached hereto, and which is part of that hotel ("Hotel") legally described in Exhibit "2" attached hereto, together with all rights of ingress and egress and all other rights appurtenant to said Premises including, without limitation, the right to use the building constructed on the Premises for the purposes contemplated in the Lease, all of which rights are more particularly described in the Lease. 2. Options to Extend Term. Reference is particularly made to Section 3.2 of the Lease wherein Tenant is granted options to extend the Lease Term on the terms and conditions set forth therein. 3. Use. Reference is particularly made to Section 6.1 of the Lease wherein Tenant is granted the right to use the Premises for the Mission inn Museum and general office uses. 4. Purpose of Memorandum of Lease. This Memorandum is prepared for the purpose of providing for record notice of the Lease, and in no way modifies the express and particular provisions of the Lease. 5. For the Benefit of the Premises. Landlord and Tenant intend that the covenants, conditions and restrictions described and referred to herein shall be both personal to Landlord and Tenant and binding on their successors and assigns. Each successive owner of the Premises or of any portion thereof, and each person having any interest therein derived through any owner thereof, shall be bound by such covenants, conditions and restrictions for the benefit of the Premises. IN WITNESS WHEREOF, this Memorandum of Lease has been executed as of the date first written above. "LANDLORD" HISTORIC MISSION INN CORPORATION, a California corporation By: Its: By: Name: Title: "TENANT" THE REDEVELOPMENT AGENCY OF THE CITY OF RIVERSIDE, a public body, corporate and politic By:~ Title: Executive Director Name: ( CO~lleen J. N±col '[itle: ~ency Secretary EXHIBiT"C" 562458.03/0C -1 -