PLEASANTON UNIFIED SCHOOL DISTRICT - AMADOR THEATER (2)

i i AGREEMENT 1. Reconveyance. The City shall reconvey to the District the Amador Theater property described in Exhibit A (the "Property")by Grant Deed subject to reservation of the existing access and utility easements as described in Exhibit A. 2. Consideration. The District shall pay the City One Hundred Dollars ($100.00) for the reconveyance of the Property (the"Cash Payment"). a. The Property shall not include those personal property items or improvements installed by the City which the City removes pursuant to Section 6, below. 3. Reconveyance of Title. a. The City shall take all actions necessary to convey the Property to the District no later than September 1, 2024. b. The District will pay the Cash Payment for the Property to the City within ten (10) days of the Effective Date of this Agreement. c. At the discretion of the District, reconveyance may occur by escrow through a title company selected by the District. i. If the District elects to have the reconveyance occur through escrow established by a title company, the District and the City shall jointly prepare escrow instructions. 1. The District shall be responsible for the cost of title insurance and title report costs. The Parties shall equally split the cost of any recording fees and escrow fees. 4. Reconveyance of Property in As-Is Condition, Representations and Warranties. Except as stated in this Section 4, the District and the City agree that the reconveyance of the Property shall be in an as-is condition, subject to the City's removal of City property as provided in Section 6, below. The City represents and warrants that, to the best of its knowledge and except as disclosed to the District in writing: a. City has made no written commitments or agreements materially and adversely affecting the Property, or any part thereof, or any interest therein, that will survive the conveyance of the Property to the District. b. As of the Effective Date, there are no mechanics', materialmen's, or similar claims or liens presently claimed or which will be claimed against the Property for work performed or commenced for the City or on the City's behalf. c. As of the Effective Date, there are not any written or oral leases or contractual rights or options to lease,purchase, or otherwise enjoy possession, rights or interests of any nature in and to the Property and no persons shall have any right of possession to the Property as of the conveyance to the District. 2