EXXONMOBILE OIL CORPORATION 1-2003

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5096.7 of the Revenue and Taxation Code of the State of California for that portion of property taxes on said real property for said fiscal year which have been paid prior to the date the deed conveying said real property to City is recorded which is allocable to that portion of the fiscal year which begins on the date the deed conveying said real property to City is recorded and made uncollectible if unpaid by reason of Section 4986 of the Revenue and Taxation Code of the State of California. All unpaid taxes on said real property for any and all years prior to the fiscal year within which said conveyance is made shall be paid by Seller before conveyance of said real property to City. 6. Payment of Purchase Price. City agrees to pay to Seller, and Seller agrees to accept from City, as and for the full purchase price for said real property, fixtures & equipment (improvements pertaining to the realty), goodwill (if any), and severance damages the total sum of Sixty-Five Thousand Dollars And No/100 ($65,000.00). Seller agrees to remove the one yard light, one light pole with attached clip sign, brick bordered planters and irrigation system as described in the Attachment "C" by August 1, 2003. Seller agrees to obtain a Permit from the City of Santa Ana, before the removal work begins. Seller agrees that if such items are not removed by August 1, 2003, City may remove same at seller's expense. Seller will then have 20 days upon receipt of City's invoice to reimburse the City for costs associated with the removal of these items, otherwise City may file a lien on the property for recovery of costs. City agrees to deposit the purchase price in escrow with the Escrow Agent within THIRTY (30) days from and after the date on which the City has approved this Agreement, and the Escrow Agent is hereby authorized to pay the same to Seller upon and after: (a) Conveyance of said real property by Seller to City as hereinabove provided; (b) Acceptance by City of a Grant Deed conveying said real property to City; (c) Delivery to City of the policy of title insurance as hereinabove provided; (d) Recordation of the Deed conveying said real property to City. (e) Escrow Agent shall not record the Grant Deed until City has deposited with Escrow Agent the Purchase Price in full. 7. Recordation of Grant Deed. Escrow Agent shall not record the Grant Deed until City has deposited with Escrow Agent the Purchase Price in full. 8. Possession. Seller agrees to deliver to City, on the date the Deed conveying said real property to City is recorded, quiet and peaceful possession of said real property, which shall be made free by Seller of all personal property. 9. Waivers. The waiver by one party of any breach of any covenant or agreement herein contained on the part of the other party shall not be deemed or held to be a waiver of any subsequent or other breach of said covenant or agreement nor a waiver of any breach of any other covenants or agreements contained herein.