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RECORDING REQUESTED BY: <br />CALIFORNIA TITLE COMPANY <br />Newport Beach, California 92658-8915 <br />Attn: City Clerk <br />(Exempt From Recording Fees Pursuant to Government Code § 27383) <br />(SPACE ABOVE THIS LINE FOR RECORDER'S USE) <br />NO DOCUMENTARY TRANSFEF% <br />MEMORANDUM OF LEASE <br />1 TAX DUE SAID LEASE IS FOR <br />LESS THAN 35 YEARS <br />F -THIS MEMORANDUM OF LEASE is made and entered into between the City of <br />Newport Beach, a California municipal corporation and charter city ("Lessor") and James <br />T J. Irwin and Elizabeth A. Irwin as Trustees of the Irwin Family Trust dated December 22, <br />1987 ("Lessee"). <br />Lessor hereby leases to Lessee that real property located in the City of Newport <br />Beach, County of Orange, California, described in Exhibit " 1" attached hereto ("Property"). <br />The term of the Lease is fifty (50) years, commencing September L, 2017 and ending <br />September 15 , 2067. <br />This Memorandum of Lease is subject to the terms, conditions and provisions of <br />an unrecorded Lease between the parties dated September j5, 2017, which is <br />incorporated herein by reference. Unless extended by a recorded amendment or <br />supplement hereto, this Memorandum of Lease will automatically terminate as of <br />September _&, 2067. <br />[SIGNATURES ON NEXT PAGE] <br />Recording Requested By <br />and When Recorded Return To: <br />City of Newport Beach <br />_t <br />(V <br />100 Civic Center Drive <br />P.O. Box 1768 <br />Newport Beach, California 92658-8915 <br />Attn: City Clerk <br />(Exempt From Recording Fees Pursuant to Government Code § 27383) <br />(SPACE ABOVE THIS LINE FOR RECORDER'S USE) <br />NO DOCUMENTARY TRANSFEF% <br />MEMORANDUM OF LEASE <br />1 TAX DUE SAID LEASE IS FOR <br />LESS THAN 35 YEARS <br />F -THIS MEMORANDUM OF LEASE is made and entered into between the City of <br />Newport Beach, a California municipal corporation and charter city ("Lessor") and James <br />T J. Irwin and Elizabeth A. Irwin as Trustees of the Irwin Family Trust dated December 22, <br />1987 ("Lessee"). <br />Lessor hereby leases to Lessee that real property located in the City of Newport <br />Beach, County of Orange, California, described in Exhibit " 1" attached hereto ("Property"). <br />The term of the Lease is fifty (50) years, commencing September L, 2017 and ending <br />September 15 , 2067. <br />This Memorandum of Lease is subject to the terms, conditions and provisions of <br />an unrecorded Lease between the parties dated September j5, 2017, which is <br />incorporated herein by reference. Unless extended by a recorded amendment or <br />supplement hereto, this Memorandum of Lease will automatically terminate as of <br />September _&, 2067. <br />[SIGNATURES ON NEXT PAGE] <br />