BRISTOL CENTER PROPERTIES, LLC (2)

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AGREEMENT NOW T1hERBFORB, incorporating the foregoing Recitals and in consideration of the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency OI'W1I1Ch are hereby acknowledged.the Parties hereby agree as follows: 1. gnieorporation of Recitals. The recitals of fact set forth above are true and correct and are incorporated into this AgEcetnent in their entirety by this reference. 2. Purchase and Sake:Purchase Price. • 2,1 Purchase and Sale. Segeisliall sell the Propperty to.Buyer,and Buyer shell penguin the Property from Seller,subject to the terns and conditions set forth in this Agreement. 2.2 PurcJrasa Wien. The purchase price of the Property shall be Nine Hundred Fifty ThousandDollars(5950,000,00). 3. Bsomw. 3.1 $sorrow Instructions. Within seven (7)days following the execution of this Agreement by the Parties, Buyer will open an escrow ("Escrow") With Commonwealth Land Title Company,4100 Newport Place Drive,Suite 120,Newport Beach,CA 92660 Attn;Once Kim("Escrow Bolder'")for the purchase and sale of the Property. The"Opening of Escrow"shall mean the date on which a fully executed copy ofIbis Agreement has been delivered to Escrow Bolder. Escrow Bolder shall conlrin the Opening of Escrow to the Parties in wilting. This Agreement constitute,Joint escrow ins►netdons to Escrow Bokdat The Patties agree to orcecutp soh.add1 onak iristructiens consistent with theprovislons ofthis Agreemen;whichnasy be required by Escrow Bolder. AsbelvreenOw Parties.Buyer and Seller elate that, if there is any conflibt between the terms of this Agreement and any Escrow Instructions required by EscrewSolder,the terms oftbis Agieeruent shall coirltol. Buyer and Seller shall each banish Escrow Boider with their respective Federal Tax Identification Numbers and such other. intonation as is reasonably required by Escrow folder: 3.2 Pavane*afPurchasePrice. The Purobase Pride fcrthe Property shall be payable at Closing, if Seller has deposited bite Escrow all documents and amounts required of Seller to close Escrow. including without limitation,the"saint Doer(as defunct in Section 3.10 below),and complied with all of Seller's other obligations under this Agreement, then on or before the "Closing Date" (as defined !section 3.3 below)so as not to delay the"Close Of Escrow"(as defined Section 3.3 below),Buyer shall deposit into Escrow the following in Acceptable Funds: (a)the Purchase Price and(b)the Escrow Closing costspursuentto the preliminary Escrow Closing statement furnished byEsarowHolderasprovidedbelow. 3) Close of Escrow. Subject to Sections 3.3.1 and 3.3.2, Escrow for the sale of the Property shall close on a date that is no later than thirty(30)days after the opening of Escrow("Closing Dale"),subject to reasonable extension as necessary in order to satisfy the conditions precedent and other requirements flu the Close of Escrow. As used in this Agreement,"Close of Escrow"shall mean the date on-which the"Grant Deed"conveying fee title to the Property to Buyer is recorded in the Orange County Recorders Office, -2-