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Mr. Nelson Fialho <br /> City Manager <br /> City of Pleasanton <br /> August 30, 2013 <br /> Page 2 <br /> 6. The County will continue its efforts to achieve closure of Segment 7, as defined in <br /> Paragraph 1.4 of the Agreement; <br /> 7. The County and City agree that as to Segment 7 only, the closing date for <br /> purchase of Segment 7 will be extended for up to an additional two years, pursuant to Paragraph <br /> 8, until the earlier of: (i) 30 days after closure of Segment 7 as set forth in Paragraph 1.4 of the <br /> Agreement is accomplished; (ii) the City in its discretion decides to purchase Segment 7 based <br /> upon the conditional closure which was attained by the County effective as of October 12, 2012 <br /> pursuant to Paragraph 1.4(b) and 1.4.1; or(iii) July 31, 2015. This reflects a further extension of <br /> the interim extensions to August 14, 2013, September 3, 2013 and September 30, 2013, which <br /> was previously agreed to by the parties; <br /> 8. Upon the issuance of closure for Segment 7, as required under Paragraph 1.4, the <br /> City agrees to purchase Segment 7 for the balance purchase price of$312,750 within 30 days of <br /> issuance of the Remedial Action Completion Letters as set forth in Paragraph 1.4 of the <br /> Agreement; <br /> 9. If closure of Segment 7 is not achieved by July 31, 2015, the City may decide to <br /> purchase Segment 7 pursuant to Paragraph 1.4(b) based upon the conditional closure achieved <br /> pursuant to Paragraph 1.4.1, or a further extension of the closing date as to Segment 7 may be <br /> agreed upon. If no further extension is agreed upon beyond July 31, 2015, the City will initiate <br /> the zoning changes requested by the County pursuant to Paragraph 1.4; <br /> 10. The County will request from Chevron additional information concerning the <br /> specifics of any remediation work contemplated on Segment 7, including, without limitation, the <br /> placement of any wells, trenches, or other physical improvements and the location thereof on <br /> Segment 7, and the anticipated duration of any remediation work, including how long any wells, <br /> trenches or other improvements will remain on Segment 7. <br /> The provisions of this letter are all within the terms of and consistent with the existing Purchase <br /> Agreement and the Agreement explicitly provides the authority to undertake the implementation <br /> steps set forth in this letter, Accordingly, it was agreed that no amendment to the Agreement is <br /> required or appropriate, and this letter agreement confirms the specific steps whereby Segments <br /> 8 — 10 will be purchased and how the acquisition of Segment 7 will be handled. Except as to the <br /> implementation steps set forth herein (modification of closing and payment date(s), all terms and <br /> conditions of the Agreement remain in full force and effect. <br /> 010618.0026\3259172.1 <br />