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Page Three <br />October 19, 2016 <br />based on the assumption that the Property Interests are free of contamination and <br />requires no remediation other than the contamination and remediation described in a <br />draft Limited Phase II Environmental Site Assessment prepared by Eco & Associates, <br />Inc., dated August 16, 2016, and the Cost Estimate for Remediation of Hydrocarbon <br />Impacted Soil at SA Recycling Facility, 2002 W. Fifth Street, Santa Ana, dated August <br />29, 2016 (collectively, the "Environmental Report"), which will be available to Grantor for <br />review. If contamination is found, other than the contamination found in the <br />Environmental Report, this offer will be subject to amendment. This offer does not <br />reflect or include any relocation benefits related to possible relocation of personal <br />property to which you may be entitled. <br />Owner's Appraisal: <br />You have the right to obtain your own independent appraisal as part of the acquisition <br />process. Pursuant to California Code of Civil Procedure section 1263.025,, you are <br />entitled to receive the reasonable cost, up to five thousand dollars ($5,000), for an <br />independent appraisal you obtain. The appraisal you obtain must be conducted by an <br />appraiser licensed by the California Bureau of Real Estate Appraisers (formerly the <br />California Office of Real Estate Appraisers) and your request for reimbursement must <br />be submitted in writing to OCTA with a copy of the appraisal and the appraiser's invoice. <br />Although you have the right to obtain your own appraisal and are entitled to receive up <br />to $5,000 for your appraisal as described above, please note that OCTA is riot obligated <br />to accept your appraiser's value of the'Property Interests. OCTA, however, will review <br />your appraisal and if appropriate, confer with OCTA's independent appraiser regarding <br />the merits of your appraisal. <br />It is OCTA's hope that this offer is agreeable to you. If you wish to accept this offer, <br />please execute the enclosed Right of Way Contract, execute and notarize the enclosed <br />deed(s) and call Phillip Bonina of Paragon at (714) 379-3376 so that delivery of the <br />documents can be arranged. If you have any questions, wish to discuss this matter <br />further or would like to meet in person at your convenience, please feel free to call me <br />at tRBonina <br />ed above. <br />Sin <br />hi <br />Paragon Partners Ltd. <br />1197340.1 <br />75D-15 <br />