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GRANTOR: T.P. HERITAGE INN AND S.S. HERITAGE INN APN: 941-1300-14 AND 941-1300-15 <br />PROJECT: JOHNSON DRIVE ECONOMIC DEVELOPMENT ZONE PROJECT <br />CITY OF PLEASANTON <br />AGREEMENT FOR PURCHASE OF FEE, EASEMENT AND TEMPORARY <br />CONSTRUCTION EASEMENT <br />In consideration of the terms and conditions set forth in this Agreement for Purchase of Fee, <br />Easement and Temporary Construction Easement ("Agreement"), T.P. Heritage Inn of <br />Pleasanton, LLC, a Nevada limited liability company and S.S. Heritage Inn of Pleasanton, LLC, a <br />Nevada limited liability company, each as to an undivided fifty percent (50%) interest, as tenants <br />in common ("GRANTOR") hereby grants and delivers this Agreement to the City of Pleasanton <br />("CITY") conveying Fee, Easements and Temporary Construction Easements as set forth herein. <br />This Agreement is based on the following facts: <br />A. GRANTOR owns Property located in the City of Pleasanton; <br />B. CITY wishes to construct a Project on Grantor's Property and will require fee, easement <br />and temporary construction easement over a portion of the Property, <br />Now, therefore, the Parties agree: <br />1. Definitions. In this Agreement: <br />City means the City of Pleasanton, a political subdivision of the State of California, and its <br />elected and appointed officials, officers, employees, agents, contractors, and volunteers. <br />Project means the CITY's Johnson Drive Economic Development Zone Project. <br />Grantor means T.P. Heritage Inn of Pleasanton, LLC, a Nevada limited liability company <br />and S.S. Heritage Inn of Pleasanton, LLC, a Nevada limited liability company, each <br />as to an undivided fifty percent (50°/x) interest, as tenants in common. <br />Property means the parcel(s) owned by GRANTOR on which the fee, easement and <br />temporary construction easements are located, identified in Attachment 1 (Legal <br />Description). <br />Fee means fee simple of the Property, as described in Attachment 2 and 2-1, including its <br />Exhibits A and B <br />Easement rheans the area of the Property to be acquired by the CITY as an easement, as <br />described in Attachment 3 and 3-1, including its Exhibits A and B. <br />TCE or the TCF Area means the Temporary Construction Easement, described in <br />Attachment 4 including its Exhibits A and B. <br />Escrow or Escrow Account means the escrow account established by the CITY at First <br />American Title Company, 920 5th Avenue, Suite 1200, Seattle, WA 98104, Order <br />No. NCS-955026-WA1 <br />2. Grant Deed and Easement Deed. <br />GRANTOR shall deposit in Escrow a Grant Deed and Easement Deed suitable for recordation <br />conveying the Fee and Easement from GRANTOR to CITY. The Fee and Easement must be <br />free and clear of all liens, leases, encumbrances, recorded or unrecorded, assessments and <br />taxes, except for any exceptions to title identified in the title report which are acceptable to <br />CITY. It is GRANTOR's responsibility to clear any title exceptions not acceptable to CITY. The <br />form of the Grant Deed and Easement Deed shall be substantially as set forth in Attachments 2 <br />Page 1 of 6 <br />