75E - PH - ACQUISITION 2016-2020 W 5TH ST

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ORANGE COUNTY TRANSPORTATION AUTHORITY CONFIDENTIAL contains personal RIGHT OF WAY CONTRACT This document pursuant to Civil Code and rs information,, and section 1798.2 1, it shall be kept confidential in order to protect against unauthorized disclosure. occasioned by reason of any lease of said Property held by any tenant of Grantor for a period exceeding one month. Grantor acknowledges that a general release or quitclaim deed will be required from any lessee that has a lease term exceeding one month. Said general release or quitclaim deeds are to be provided to Commonwealth Land Title Insurance Company, other selected escrow company, or OCTA by Grantor, prior to the close of escrow. The provisions of this paragraph shall apply to current leases on Grantor's property as well as future leases, if any, that are entered into after the execution of this Agreement. B. It is understood and agreed by and between the parties hereto that included in the amount payable under Clause 2(A) above is payment in full to compensate Grantor for the purchase of the Property in fee including the following improvements: All Structures identified within the appraisal report completed by Integra Realty Resources — Los Angeles dated June 30, 2016. All purchased improvements listed above will not be replaced. Grantor agrees that he is not entitled to compensation for any other improvements located within the areas of the Property Interests being purchased pursuant to this Agreement. Grantor may elect to remove or relocate some or all of the above improvements prior to close of escrow; provided, however, that any of the above improvements that have not been removed from the Property by close of escrow may be removed by OCTA, its agents, representatives, contractors, and/or assigns, and disposed of in such manner as OCTA deems appropriate, without further notice or responsibility to Grantor whatsoever. 9. It is agreed between the parties hereto that OCTA is not assuming responsibility for payment or subsequent cancellation of unpaid assessments on the Property acquired under this transaction. Said assessments include but are not limited to Schedule B, Part 1, Item #B of order number 08026699 -920 -CMM of the Litigation Guarantee prepared by Commonwealth Land Title Insurance Company. Grantor acknowledges he has received and reviewed the Litigation Guarantee. The assessments remain the obligation of Grantor. Payment for the Property Interests acquired under this transaction is made upon the basis that the Grantor retains his obligation to the levying body respecting said assessments. 10. Any notice either party may or is required to give the other shall be in writing, and shall be either personally delivered or sent by registered or certified mail, return receipt requested. If by mail, service shall be deemed to have been received by such party at the time the notice is delivered to the following addresses: To Grantor: Salvador Navarro 102 E. Fourth Street Santa Ana, CA 92701 To OCTA: 550 South Main Street Orange, CA 92863-1584 Attn: Real Property Department 11. It is understood and agreed by and between the parties hereto that this Agreement inures to the benefit of, and is binding on, the parties, their respective heirs, personal representatives, successors, and/or assignees. OCTA may freely assign any or all of its interests or rights under this Agreement. 75r=-27