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BMDV-54329\2647924.2 Put Option Agreement - 15 - taxes, assessment and bonds applicable to the Property, and any refund for real estate taxes or assessments applicable to the extent applicable to the period preceding the Close of Escrow, whether paid before or after the Close of Escrow, shall be paid to Beam, and City/Agency shall have no claim or right whatsoever thereto. (c) Operating Expenses. Water, gas, electricity and other public utility charges shall be paid by Beam to the utility company to the Closing Date. Beam shall use good faith efforts arrange for a final reading of all utility meters (covering gas, water, steam and electricity) as of the Closing. To the extent requested by Beam, Beam and City/Agency shall jointly execute a letter to each of such utility companies advising such utility companies of the termination of Beam’s responsibility for such charges for utilities furnished to the Property as of the date of the Closing and commencement of City/Agency ’s responsibilities therefor from and after such date. If a bill is obtained from any such utility company as of the Closing, then Beam shall pay such bill on or before the Closing. If such bill shall not have been obtained on or before the Closing, then Beam shall, upon receipt of such bill, pay all such utility charges as evidenced by such bill or bills pertaining to the period prior to the Closing, and City/Agency shall pay all such utility charges pertaining to the period thereafter. Any bill which shall be rendered which shall cover a period both before and after the date of Closing shall be apportioned between City/Agency and Beam as of the Closing. Beam shall be entitled to all deposits presently in effect with the utility providers, and City/Agency shall be obligated to make its own arrangements for deposits with the utility providers. (d) Method of Proration; Corrections. All prorations shall be made in accordance with custom and practice in Alameda County, except as otherwise expressly provided herein. All items attributable to the period up to the date on which the Close of Escrow occurs shall be credited to Beam. All items attributable to the period on and after the date on which the Close of Escrow occurs shall be credited to City/Agency . If any errors or omissions are made regarding adjustments and prorations as set forth above, the Parties shall make the appropriate corrections promptly upon the discovery thereof, provided the same is discovered within six (6) months after the Close of Escrow. Any error or omission not discovered within that period shall not thereafter be subject to adjustment. The amount necessary to correct any adjustment or proration that is to be corrected hereunder shall be paid in cash to the Party entitled thereto. Said six (6) month limitation shall not apply to any real property tax refund to Beam for the period preceding the Close of Escrow, which shall be paid to Beam regardless of when the refund is made. 8.7.2 Closing Costs. Beam shall pay (a) county transfer taxes, if any, (b) the Escrow Agent’s escrow fee, (c) the cost of the Title Policy, and (d) all additional closing costs and charges. 8.8 Disbursements and Other Actions by Escrow Agent. Without limiting the terms and conditions of Section 8.1 and 8.4.2, above, upon the Close of Escrow, Escrow Agent shall promptly undertake the following in the manner indicated, provided that Escrow Agent shall undertake the Closing only when it can perform each of the following: 8.8.1 Funds. Disburse all funds deposited with Escrow Agent by City/Agency in payment of the Purchase Price as follows: