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Section 20. Time of the Essence <br />Time is of the essence in this Agreement. <br />Section 21. Successors. <br />This Agreement shall inure to the benefit of and shall be binding upon the parties <br />to this Agreement and their respective heirs, successors, and assigns. <br />Section 22. Governing Law. <br />This Agreement shall be governed and construed in accordance with California <br />law. <br />Section 23. Offer and Acceptance. <br />This Agreement as executed by Seller constitutes an offer to sell the Subject <br />Property on the terms and conditions contained in this Agreement. If Buyer fails to <br />execute a copy of this Agreement and return it to Seller by February 11 at 5:00 p.m., <br />this Agreement shall be void. <br />The parties have executed this Agreement as of the dates set forth below. <br />Date: ~ °~'~ ..~ Seller: <br />r_____----.~._..-~____~,____~~-~... <br />anis <br />` San Leandro <br />ATTEST: <br />Marian Handa, City Clerk <br />APPROVED AS TO FORM: <br />Lian andolp ,City Attorney <br />Purchase and Sale Agreement Between February, 2003 <br />Bayside Business Center and the Page 7 of 7 <br />City of San Leandro 618488 <br />