KIANFARD, NASER AND MARJAN HARIRI, TRUSTEES OF THE 2005 NASER KIANFARD AND MARJAN HARID REVOCABLE TRUST - 2014

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A -2014 -275 PURCHASE AND SALE AGREEMENT Property Address: Custer Street right of way north of Washington Avenue, Santa Ana, California THIS PURCHASE AND SALE AGREEMENT (the "Agreement ") dated, for identification purposes only, as of . &N, "2, j , 2014, is made and entered into by and between the CITY OF SANTA ANA, a charter city and municipal corporation ( "Seller "), and N ASER KIANFARD AND MARJAN HARIRI, TRUSTEES OF THE 2004 NASER KIANFARD AND MARJAN HARIRI REVOCABLE TRUST DA"Z"ED JANUARY 20, 2005 ('Buyer "), with reference to the following. In consideration of the mutual covenants set forth herein, Buyer and Seller agree as follows: RECITALS A. Seller owns that certain lot of land consisting of approximately 1,361 square feet at the end of the cul- de-sac on Custer Street, north of Washington Avenue, , Santa Ana, California and more specifically described in Exhibit "A" attached hereto and incorporated herein by this reference (the 'Property "); B. The Property is adjacent to the Santa Ana Freeway (1 -5) and is being simultaneously vacated by the City Council of the City of Santa Ana along with the sale of the same to Buyer. C. The Property will be combined with two adjoining parcels owned by the Buyer for a residential development. D. Buyer and Seller have agreed to this Purchase and Sale Agreement so that Seller may quit claim any title it may have in the Property to Buyer. I. Agreement to Sell and to Purchase. Subject to the terms and conditions of this Agreement, Seller agrees to sell and Buyer agrees to purchase the Property. 2. Purchase Price. The "Purchase Price" for the Property is TWO THOUSAND, FIVE IIU-NDRED DOLLARS ($2,500.00). 3. Quit. Claim Deed. The transfer of the Property shall be by quit claim deed conveyance from Seller to Buyer showing title vested in Buyer, 4. Transfer Costs. Buyer shall pay all recording fees and all fees and costs for any new financing. Buyer shall pay the premium for the title insurance policy, should it seek title insurance.