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<br /> <br /> <br /> 14. Exceptions. City agrees to accept title to said real property subject to all matters listed or referenced in <br /> the Preliminary Report from First American Title Company dated July 6, 2010, and any other matter of record or <br /> which a survey would reveal. <br /> 15. Entire Agreement. It is mutually agreed that the parties hereto have herein set forth the whole of their <br /> Agreement. Performance of this Agreement by City shall lay at rest, each, every, and all issue(s) that were raised <br /> or could have been raised in connection with the acquisition of said real property by City. <br /> 16. Intentionally Left Blank. <br /> 17. Compliance With Environmental Laws. To the current actual knowledge of Seller, without duty of <br /> inquiry or investigation, the Property complies with all applicable laws and governmental regulations including, <br /> without limitation, all applicable federal, state, and local laws pertaining to air and water quality, hazardous waste, <br /> waste disposal, and other environmental matters, including, but not limited to, the Clean Water, Clean Air, Federal <br /> Water Pollution Control, Solid Waste Disposal, Resource Conservation Recovery and Comprehensive <br /> Environmental Response Compensation and Liability Acts, and the California Environment Quality Act, and the <br /> rules, regulations, and ordinances of the city within which the subject property is located, the California <br /> Department of Health Services, the Regional Water Quality Control Board, the State Water Resources Control <br /> Board, the Environmental Protection Agency, and all applicable federal, state, and local agencies and bureaus. <br /> However, Seller hereby notifies City that Chevron Oil Company previously occupied the real property as a service <br /> station, and it is possible certain contamination may have occurred in connection with such use. <br /> 18. Intentionally Left Blank. <br /> 19. Continaency. It is understood and agreed between the parties hereto that the completion of this <br /> transaction, and the escrow created hereby, is contingent upon the specific acceptance and approval of the City <br /> herein. The execution of these documents and the delivery of same to Escrow Agent constitutes said acceptance <br /> and approval by City. <br /> 20. Modification and Amendment. This Agreement may not be modified or amended except in writing <br /> signed by the Seller and City. <br /> 21. Partial Invalidity. Any provision of this Agreement that is unenforceable or invalid or the conclusion of <br /> which would adversely affect the validity, legality, or enforcement of this Agreement shall have no effect, but all the <br /> remaining provisions of this Agreement shall remain in full force. <br /> 22. Captions. Captions and headings in this Agreement, including the title of this Agreement, are for <br /> convenience only and are not to be considered in construing this Agreement. <br /> 23. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the <br /> State of California. <br /> 24. No Reliance By One Party On The Other. Each party has received independent legal advice from its <br /> attorneys with respect to its interest in executing this Agreement and the meaning of the provisions hereof. The <br /> provisions of this Agreement shall be construed as to their fair meaning, and not for or against any party based upon <br /> any attribution to such party as the source of the language in question. <br /> 25. No Third Party Beneficiary. This Agreement is intended to benefit only the parties hereto and no other <br /> person or entity has or shall acquire any rights hereunder. <br /> 26. Duty To Cooperate Further. Each party hereby agrees that it shall, upon request of the other, execute and <br /> deliver such further documents (in form and substance reasonably acceptable to the party to be charged) and do <br /> such other acts and things as are reasonably necessary and appropriate to effectuate the terms and conditions of this <br /> Agreement, as set forth in paragraph 4. <br /> 27. Applicability of Agreement To Assignees. This Agreement shall be binding upon and shall inure to the <br /> benefit of the successors and assigns of the parties to this Agreement. <br /> 1176226.3 3 <br />