EXXONMOBILE OIL CORPORATION 1-2003

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10. Heirs, Assigns, Etc. This Agreement, and all the terms, covenants and conditions hereof, shall apply to and bind the heirs, executors, administrators, successors and assigns of the respective parties hereto. 11. Time is of the Essence. In all matters and things hereunder to be done and in all payments hereunder to be made, time is and shall be of the essence. 12. Permission to Enter on Premises. Seller hereby grants City, and its authorized agents, permission to enter upon said real property at all reasonable times prior to close of escrow for the purpose of making necessary inspections. 13. Just Compensation. Seller acknowledges and agrees that said purchase price is just compensation at fair market value for said real property and includes any and all fixtures and equipment, goodwill (if any) and severance. 14. Notices. The mailing address of the City of Santa Ana is 20 Civic Center Plaza, M-36, P.O. Box 1988, in the City of Santa Ana 92701, County of Orange, State of California. The mailing address of the Seller is: David J. Fisher ExxonMobil Oil Corporation 3225 Gallows Road, Room 5W907 Fairfax, Virginia 22037 with a copy to: Range West Consulting 2200 E. Camelback Rd., #217 Phoenix, Arizona 85016 15. Exceptions. City agrees to accept title to said real property subject to the following: NONE. 16. Entire Agreement. It is mutually agreed that the parties hereto have herein set forth the whole of their Agreement. Performance of this Agreement by City shall lay at rest, each, every and all issue(s) that were raised or could have been raised in connection with the acquisition of said real property by City. 17. Expiration of Agreement. This Agreement shall expire and terminate if City has not completed the acquisition of the Real Property and paid the Purchase Price to Seller on or before December 31.2003. 18. Eminent Domain. The Parties to this agreement agree that this Agreement is entered into in lieu of condemnation of the Real Property by City. 4