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EXHIBIT B <br />OPTION EXERCISE NOTICE <br />To: <br />Pursuant to the provisions of that certain Purchase Option Agreement (this "Agreement "), made <br />as of December , 2015 (the "Effective Date "), at Santa Ana, California, by and between City <br />of Santa Ana, a public body, corporate and politic ( "Optionor "), and St. Joseph Health System, a <br />California nonprofit public benefit corporation ( "Optionee "), Optionee hereby exercises the <br />Option. Capitalized terms not defined in this Notice of Exercise shall have the meanings <br />ascribed to them in the Agreement. <br />Dated: , 201_ <br />OPTIONEE: <br />ST. JOSEPH HEALTH SYSTEM, a California <br />nonprofit public benefit corporation <br />By: _ <br />Name: <br />Its: <br />B -1 <br />51528687.9 <br />