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________________ ________________ INITIALS INITIALS ©2019 AIR CRE.All Rights Reserved.Last Edited:3/8/2022 9:08 AM OFA-20.20,Revised 10-22-2020 Page 10 of 11 27.Closing Costs,Credits,and Prorations: At the Close of Escrow,Buyer and Seller shall be responsible for payment of all transfer taxes,title fees, recording fees and closing related costs in accordance to customary practice in San Leandro,CA,in the County of Alameda.Real property taxes,credits and any other matters to be prorated will be prorated as of the Close of Escrow,subject to the requirements of Section 11.1 hereof.All costs associated with prepayment of any existing loans,if any,shall be paid by Seller. 28.Closing of Escrow: The escrow company shall close escrow and make payment of the amount remaining on the Purchase Price within Sixty (60)days after expiration of the Due Diligence Period and/or any Extension Options,so exercised.That is,Closing of Escrow (COE)is expected to be by October 1,2022 if no Extension Options are exercised. 29.Buyer Approvals.Whenever this Agreement calls for Buyer approval,consent,extension or waiver,the written approval,consent,or waiver of the City Manager or his or her designee(s)shall constitute the approval,consent,extension or waiver of Buyer,without further authorization required from Buyer’s City Council.Buyer hereby authorizes the City Manager and his or her designee(s)to sign documents,to deliver any such approvals,consents,or extensions or waivers as are required by this Agreement,and to waive requirements under this Agreement,on behalf of Buyer. ATTENTION:NO REPRESENTATION OR RECOMMENDATION IS MADE BY AIR CRE OR BY ANY BROKER AS TO THE LEGAL SUFFICIENCY,LEGAL EFFECT,OR TAX CONSEQUENCES OF THIS AGREEMENT OR THE TRANSACTION TO WHICH IT RELATES.THE PARTIES ARE URGED TO: 1.SEEK ADVICE OF COUNSEL AS TO THE LEGAL AND TAX CONSEQUENCES OF THIS AGREEMENT. 2.RETAIN APPROPRIATE CONSULTANTS TO REVIEW AND INVESTIGATE THE CONDITION OF THE PROPERTY.SAID INVESTIGATION SHOULD INCLUDE BUT NOT BE LIMITED TO:THE POSSIBLE PRESENCE OF HAZARDOUS SUBSTANCES,THE ZONING OF THE PROPERTY,THE INTEGRITY AND CONDITION OF ANY STRUCTURES AND OPERATING SYSTEMS,AND THE SUITABILITY OF THE PROPERTY FOR BUYER'S INTENDED USE. WARNING:IF THE PROPERTY IS LOCATED IN A STATE OTHER THAN CALIFORNIA,CERTAIN PROVISIONS OF THIS AGREEMENT MAY NEED TO BE REVISED TO COMPLY WITH THE LAWS OF THE STATE IN WHICH THE PROPERTY IS LOCATED. NOTE: 1.THIS FORM IS NOT FOR USE IN CONNECTION WITH THE SALE OF RESIDENTIAL PROPERTY. 2.IF EITHER PARTY IS A CORPORATION,IT IS RECOMMENDED THAT THIS AGREEMENT BE SIGNED BY TWO CORPORATE OFFICERS. The undersigned Buyer offers and agrees to buy the Property on the terms and condiƟons stated and acknowledges receipt of a copy hereof. BROKER TRI Commercial Real Estate Services,Inc. 1404 Franklin St.,Penthouse,Oakland,CA 94612 AƩn:John Dunning Title:Real Estate Associate Address:1404 Franklin St.,Penthouse, Oakland,CA 94612 Phone:510-622-8435 Fax: Email:john.dunning@tricommercial.com Federal ID No.: Broker DRE License #:00532032 Agent DRE License #: Date: BUYER City of San Leandro,or Assignee By: Name Printed:Tom Liao Title:Community Development Director Phone: Fax: Email: By: Name Printed:Frances M.Robustelli Title:City Manager Phone: Fax: Email: Address:835 E.14th Street,San Leandro,CA 94577 Federal ID No.: 27.Acceptance.