SANTA ANA UNIFIED SCHOOL DISTRICT (12)

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Return FULLLY EXECUTED Copy to COTC, M-30 A-2022-218-03 Qfo- TICOR TITLE T" 0: QWR (1) (frurAoFevnl. F December 15, 2022 Escrow Officer: Dawn Niehaus o-, Re: Escrow No. 929924-DN o Property: 1415 French Street, Santa Ana CA 92704 d a.� Dear Clients: ESCROW ACCEPTANCE LETTER 1500 Quail Street, 3rd Floor Newport Beach, CA 92660 Phone: (714)289-3300 Direct Line: (714) 289-3349 e-fax: (949) 258-5395 This letter shall serve as notification of the opening of escrow on the above referenced property. The " Effective Date" is November 8, 2022. Escrow is in receipt of the fully executed PURCHASE AND SALE AGREEMENT dated November 18,2022 (the "Agreement") Santa Ana Unified School District, a California public school district located in the County of Orange, California (Seller") and the City of Santa Ana, a public municipality in the State of California (`Buyer') has been delivered to Escrow Holder (defined below). Buyer and Seller are sometimes referred to collectively as the "Principals" or the "Parties" and each separately as a "Principal" or "Parry". Ticor Title, as escrow holder, accepts said Agreement as the complete agreement between the parties and agrees to act in accordance with the terms, conditions and provisions as required and as applicable to the closing of this escrow. The parties agree to hand escrow holder all necessary documents and funds to comply with all terms, conditions, and provisions and as a condition of escrow holder's acceptance of the limited agency, agree to be bound by the attached General Provisions. Should there by a conflict in the terms of escrow holder's General Provisions and those of the Agreement, the General Provisions shall control as to the performance and duties of escrow holder. The terms and conditions of these provisions are deemed to be incorporated by reference. LEGAL DESCRIPTION: Seller's execution of the conveying Deed and Buyer's receipt of the Preliminary Title Report or Commitment shall be deemed each party's approval of the legal description that is the subject of this escrow. INVESTMENT OF FUNDS: If the Agreement calls for the investment of funds for either party, it is acknowledged by Buyer and Seller that escrow holder must be in receipt of its standard form of investment instructions executed by Buyer and/or Seller together with a completed and executed W-9 form that is required by the Bank prior to the establishment of the investment account. TERMINATION, CONFLICTING INSTRUCTIONS: In the event of temdnation, breach or default by either Buyer or Seller, escrow holder may require mutual written instructions prior to the disbursement of any funds or documents or elect to operate in accordance with escrow holder's General Provisions. AUTOMATIC TERMINATION: In the event the Agreement contains an automatic termination clause, the cancellation of this escrow and disbursement of funds in accordance therewith, shall be without liability to escrow holder, without notice to or additional instruction from either party and notwithstanding any conflicting instructions that may be deposited by either parry to the contrary. Buyer and Seller shall indemnify and hold escrow holder harmless from any loss that may be sustained due to escrow holders compliance with said instructions CONDITIONS TO CLOSE: Buyer and Seller hereby confirm all "Conditions to Close" have been approved and satisfied/waived in full. Section 6.3.5, Tenant Estoppels does not apply to this transaction.