standardoffer, agreementand escrowinstructions …

________ ________________ of 15 ________INITIALS Last Edited: 6/13/2017 12:42 PM INITIALS

© 2017 AIR CRE. All Rights Reserved. OFA-20.00, Revised 01-03-2017

STANDARD OFFER, AGREEMENT AND ESCROW INSTRUCTIONSFOR PURCHASE OF REAL ESTATE

(Non-Residential)

Dated: June 13, 2017

1. Buyer.1.1 Simi Valley Uni ied School District , ("Buyer") hereby offers to purchase the real property,

hereinafter described, from the owner thereof ("Seller") (collectively, the "Parties" or individually, a "Party"),through an escrow ("Escrow") to close 30 or 15 days after the waiver or expiration of the Buyer'sContingencies, ("Expected Closing Date") to be held by Commerce Escrow ("EscrowHolder") whoseaddress is 1055Wilshire Blvd., #1000, Los Angeles, CA 90017 , Phone No. (310) 284-5700 ,Facsimile No. upon the terms and conditions set forth in this agreement ("Agreement"). Buyer shall havethe right to assign Buyer's rights hereunder, but any such assignment shall not relieve Buyer of Buyer'sobligations herein unless Seller expressly releases Buyer.

1.2 The term "Date of Agreement" as used herein shall be the date when by execution and delivery (asdefined in paragraph 20.2) of this document or a subsequent counteroffer thereto, Buyer and Seller havereached agreement in writing whereby Seller agrees to sell, and Buyer agrees to purchase, the Property uponterms accepted by both Parties.

2. Property.2.1 The real property ("Property") that is the subject of this offer consists of (insert a brief physical

description) approximately 120,705 square feet of improvements on approximately 7 acres of landthat is located in the County of Ventura , is commonly known as (street address, city, state, zip) 101W.Cochran St., Simi Valley, CA 93065 and is legally described as: See "Exhibit A" (APN:579-0-061-305; 315 ).

2.2 If the legal description of the Property is not complete or is inaccurate, this Agreement shall not beinvalid and the legal description shall be completed or corrected to meet the requirements of NorthAmerican Title Company ("Title Company"), which shall issue the title policy hereinafter described.

2.3 The Property and removable ixtures includes, at no additional cost to Buyer, the permanentimprovements thereon, including those items which pursuant to applicable law are a part of the property andremovable ixtures, as well as the following items, if any, owned by Seller and at present located on theProperty: electrical distribution systems (power panel, bus ducting, conduits, disconnects, lighting fixtures);telephone distribution systems (lines, jacks and connections only); space heaters; heating, ventilating, airconditioning equipment ("HVAC"); air lines; fire sprinkler systems; security and fire detection systems; carpets;window coverings; wall coverings; and List of personal property to be conveyed pursuant to the Bill ofSale attached to "Exhibit B" (collectively, the "Improvements").

2.4 The fire sprinkler monitor: is owned by Seller and included in the Purchase Price, is leased by

Seller, and Buyer will need to negotiate a new lease with the fire monitoring company, ownership will be

determined during Escrow, or there is no fire sprinkler monitor.2.5 Except as provided in In addition to Paragraph 2.3, the Purchase Price does not include Seller's

personal property, furniture and furnishings, and all of which shall be removed remain by Seller prior toClosing.

3. Purchase Price.3.1 The purchase price ("Purchase Price") to be paid by Buyer to Seller for the Property shall be

$13,500,000 , payable as follows:(Strike any not applicable)

(a) Cash down payment, including the Deposit as defined in paragraph 4.3 4.1 withthe balance to be due upon closing.(or if an all cash transaction, the PurchasePrice):

$13,500,000(b) Amount of "New Loan" as defined in paragraph 5.1, if any:

(c) Buyer shall take title to the Property subject to and/or assume the following



existing deed of trust ("Existing Deed(s) of Trust") securing the existingpromissory note(s) ("Existing Note(s)"):(I) An Existing Note ("First Note") with an unpaid principal balance as of the

Closing of approximately:

Said First Note is payable at per month, including interest at the rate of% per annum until paid (and/or the entire unpaid balance is due on .

(ii) An Existing Note ("Second Note") with an unpaid principal balance as of theClosing of approximately:

Said Second Note is payable at per month, including interest at the rateof % per annum until paid (and/or the entire unpaid balance is due on

.(d) Buyer shall give Seller a deed of trust ("PurchaseMoney Deed of Trust") on the

property, to secure the promissory note of Buyer to Seller described inparagraph 6 ("Purchase Money Note") in the amount of:

Total Purchase Price: $13,500,000

3.2 If Buyer is taking title to the Property subject to, or assuming, an Existing Deed of Trust and such deedof trust permits the beneficiary to demand payment of fees including, but not limited to, points, processingfees, and appraisal fees as a condition to the transfer of the Property, Buyer agrees to pay such fees up to amaximum of 1.5% of the unpaid principal balance of the applicable Existing Note.

4. Deposits.

4.1 Buyer has delivered to Broker a check in the sum of , payable to Escrow Holder, to be deliveredby Broker to Escrow Holder within 2 or business days after both Parties have executed this Agreement

and the executed Agreement has been delivered to Escrow Holder, or within 2 or 5 business days afterboth Parties have executed this Agreement and the executed Agreement has been delivered to Escrow HolderBuyer shall deliver to Escrow Holder a check in the sum of $375,000.00 . If said check is not received byEscrow Holder within said time period then Seller may elect to unilaterally terminate this transaction by givingwritten notice of such election to Escrow Holder whereupon neither Party shall have any further liability to theother under this Agreement. Should Buyer and Seller not enter into an agreement for purchase and sale,Buyer's check or funds shall, upon request by Buyer, be promptly returned to Buyer.

4.2 Additional deposits:(a) Within 5 business days after the Date of Agreement, Buyer shall deposit with Escrow Holder the

additional sum of to be applied to the Purchase Price at the Closing.(b) Within 5 business days after the contingencies discussed in paragraph 9.1 (a) through (m) are

approved or waived, Buyer shall deposit with Escrow Holder the additional sum of to be applied to thePurchase Price at the Closing.

(c) If an Additional Deposit is not received by Escrow Holder within the time period provided thenSeller may notify Buyer, Escrow Holder, and Brokers, in writing that, unless the Additional Deposit is receivedby Escrow Holder within 2 business days following said notice, the Escrow shall be deemed terminated withoutfurther notice or instructions.

4.3 Escrow Holder shall deposit the funds deposited with it by Buyer pursuant to paragraphs 4.1 and 4.2(collectively the "Deposit"), in a State or Federally chartered bank in an interest bearing account whose term isappropriate and consistent with the timing requirements of this transaction. The interest therefrom shallaccrue to the benefit of Buyer, who hereby acknowledges that there may be penalties or interest forfeitures ifthe applicable instrument is redeemed prior to its specified maturity. Buyer's Federal Tax IdentificationNumber is . NOTE: Such interest bearing account cannot be opened until Buyer's Federal Tax IdentificationNumber is provided.

4.4 Notwithstanding the foregoing, within 5 days after Escrow Holder receives the monies described inparagraph 4.1 above, Escrow Holder shall release $100 of said monies to Seller as and for independentconsideration for Seller's' execution of this Agreement and the granting of the contingency period to Buyer asherein provided. Such independent consideration is non-refundable to Buyer but shall be credited to thePurchase Price in the event that the purchase of the Property is completed.

4.5 Upon waiver of all of Buyer's contingencies the Deposit shall become non-refundable but applicable tothe Purchase Price except in the event of a Seller breach, or in the event that the Escrow is terminatedpursuant to the provisions of Paragraph 9.1(n) (Destruction, Damage or Loss) or 9.1(o) (Material Change) or asotherwise in the Agreement.



5. Financing Contingency. (Strike if not applicable)5.1 This offer is contingent upon Buyer obtaining from an insurance company, financial institution or other

lender, a commitment to lend to Buyer a sum equal to at least % of the Purchase Price, on termsreasonably acceptable to Buyer. Such loan ("New Loan") shall be secured by a first deed of trust or mortgageon the Property. If this Agreement provides for Seller to carry back junior financing, then Seller shall have theright to approve the terms of the New Loan. Seller shall have 7 days from receipt of the commitment settingforth the proposed terms of the New Loan to approve or disapprove of such proposed terms. If Seller fails tonotify Escrow Holder, in writing, of the disapproval within said 7 days it shall be conclusively presumed thatSeller has approved the terms of the New Loan.

5.2 Buyer hereby agrees to diligently pursue obtaining the New Loan. If Buyer shall fail to notify its Broker,Escrow Holder and Seller, in writing within days following the Date of Agreement, that the New Loanhas not been obtained, it shall be conclusively presumed that Buyer has either obtained said New Loan orhas waived this New Loan contingency.

5.3 If, after due diligence, Buyer shall notify its Broker, Escrow Holder and Seller, in writing, within the timespecified in paragraph 5.2 hereof, that Buyer has not obtained said New Loan, this Agreement shall beterminated, and Buyer shall be entitled to the prompt return of the Deposit, plus any interest earned thereon,less only Escrow Holder and Title Company cancellation fees and costs, which Buyer shall pay.

6. Seller Financing. (Purchase Money Note). (Strike if not applicable)6.1 If Seller approves Buyer's financials (see paragraph 6.5) the Purchase Money Note shall provide for

interest on unpaid principal at the rate of % per annum, with principal and interest paid as follows: .The PurchaseMoney Note and Purchase Money Deed of Trust shall be on the current forms commonly used byEscrow Holder, and be junior and subordinate only to the Existing Note(s) and/or the New Loan expresslycalled for by this Agreement.

6.2 The Purchase Money Note and/or the Purchase Money Deed of Trust shall contain provisions regardingthe following (see also paragraph 10.3 (b)):

(a) Prepayment. Principal may be prepaid in whole or in part at any time without penalty, at the optionof the Buyer.

(b) Late Charge. A late charge of 6% shall be payable with respect to any payment of principal, interest,or other charges, not made within 10 days after it is due.

(c) Due On Sale. In the event the Buyer sells or transfers title to the Property or any portion thereof,then the Seller may, at Seller's option, require the entire unpaid balance of said Note to be paid in full.

6.3 If the Purchase Money Deed of Trust is to be subordinate to other financing, Escrow Holder shall, atBuyer's expense prepare and record on Seller's behalf a request for notice of default and/or sale with regard toeach mortgage or deed of trust to which it will be subordinate.

6.4WARNING: CALIFORNIA LAW DOES NOT ALLOWDEFICIENCY JUDGEMENTS ON SELLER FINANCING. IFBUYER ULTIMATELY DEFAULTS ON THE LOAN, SELLER'S SOLE REMEDY IS TO FORECLOSE ON THE PROPERTY.

6.5 Seller's obligation to provide financing is contingent upon Seller's reasonable approval of Buyer'sfinancial condition. Buyer to provide a current financial statement and copies of its Federal tax returns for thelast 3 years to Seller within 10 days following the Date of Agreement. Seller has 10 days following receipt ofsuch documentation to satisfy itself with regard to Buyer's financial condition and to notify Escrow Holder as towhether or not Buyer's financial condition is acceptable. If Seller fails to notify Escrow Holder, in writing, of thedisapproval of this contingency within said time period, it shall be conclusively presumed that Seller hasapproved Buyer's financial condition. If Seller is not satisfied with Buyer's financial condition or if Buyer fails todeliver the required documentation then Seller may notify Escrow Holder in writing that Seller Financing willnot be available, and Buyer shall have the option, within 10 days of the receipt of such notice, to eitherterminate this transaction or to purchase the Property without Seller financing. If Buyer fails to notify EscrowHolder within said time period of its election to terminate this transaction then Buyer shall be conclusivelypresumed to have elected to purchase the Property without Seller financing. If Buyer elects to terminate,Buyer's Deposit shall be refunded less Title Company and Escrow Holder cancellation fees and costs, all ofwhich shall be Buyer's obligation.

7. Real Estate Brokers.7.1 The following real estate broker(s) ("Brokers") and brokerage relationships exist in this transaction and

are consented to by the Parties (check the applicable boxes):

KWCommercial represents Seller exclusively ("Seller's Broker");

Lee& Associates - LA North/Ventura, Inc and Sage Realty Group represents Buyer exclusively("Buyer's Broker"); or

represents both Seller and Buyer ("Dual Agency").The Parties acknowledge that other than the Brokers listed above, there are no other brokers representing theParties or due any fees and/or commissions under this Agreement. See paragraph 24 regarding the nature of a



real estate agency relationship. Buyer shall use the services of Buyer's Broker exclusively in connection withany and all negotiations and offers with respect to the Property for a period of 1 year from the date insertedfor reference purposes at the top of page 1.

7.2 Buyer and Seller each represent and warrant to the other that he/she/it has had no dealings with anyperson, firm, broker or finder in connection with the negotiation of this Agreement and/or the consummationof the purchase and sale contemplated herein, other than the Brokers named in paragraph 7.1, and no brokeror other person, firm or entity, other than said Brokers is/are entitled to any commission or finder's fee inconnection with this transaction as the result of any dealings or acts of such Party. Buyer and Seller do eachhereby agree to indemnify, defend, protect and hold the other harmless from and against any costs, expensesor liability for compensation, commission or charges which may be claimed by any broker, finder or othersimilar party, other than said named Brokers by reason of any dealings or act of the indemnifying Party.

8. Escrow and Closing.8.1 Upon acceptance hereof by Seller, this Agreement, including any counteroffers incorporated herein by

the Parties, shall constitute not only the agreement of purchase and sale between Buyer and Seller, but alsoinstructions to Escrow Holder for the consummation of the Agreement through the Escrow. Escrow Holdershall not prepare any further escrow instructions restating or amending the Agreement unless specifically soinstructed by the Parties or a Broker herein. Subject to the reasonable approval of the Parties, Escrow Holdermay, however, include its standard general escrow provisions. In the event that there is any conflict betweenthe provisions of the Agreement and the provisions of any additional escrow instructions the provisions of theAgreement shall prevail as to the Parties and the Escrow Holder.

8.2 As soon as practical after the receipt of this Agreement and any relevant counteroffers, Escrow Holdershall ascertain the Date of Agreement as defined in paragraphs 1.2 and 20.2 and advise the Parties andBrokers, in writing, of the date ascertained.

8.3 Escrow Holder is hereby authorized and instructed to conduct the Escrow in accordance with thisAgreement, applicable law and custom and practice of the community in which Escrow Holder is located,including any reporting requirements of the Internal Revenue Code. In the event of a conflict between the lawof the state where the Property is located and the law of the state where the Escrow Holder is located, the lawof the state where the Property is located shall prevail.

8.4 Subject to satisfaction of the contingencies herein described, Escrow Holder shall close this escrow (the"Closing") by recording a general warranty deed (a grant deed in California) and the other documents requiredto be recorded, and by disbursing the funds and documents in accordance with this Agreement. See Exhibits Cand D.

8.5 Buyer and Seller shall each pay one-half of the Escrow Holder's charges and Seller shall pay the usualrecording fees and any required documentary transfer taxes. Seller shall pay the premium for a standardcoverage owner's or joint protection policy of title insurance. (See also paragraph 11.)

8.6 Escrow Holder shall verify that all of Buyer's contingencies have been satisfied or waived prior toClosing. The matters contained in paragraphs 9.1 subparagraphs (b), (c), (d), (e), (g), (i), (n), and (o), 9.4, 12,13, 14, 16, 18, 20, 21, 22, and 24 are, however, matters of agreement between the Parties only and are notinstructions to Escrow Holder.

8.7 If this transaction is terminated for non-satisfaction and non-waiver of a Buyer's Contingency, asdefined in paragraph 9.2, then neither of the Parties shall thereafter have any liability to the other under thisAgreement, except to the extent of a breach of any affirmative covenant or warranty in this Agreement. In theevent of such termination, Buyer shall, subject to the provisions of paragraph 8.10, be promptly refunded allfunds deposited by Buyer with Escrow Holder, less only the $100 provided for in paragraph 4.4 and the TitleCompany and Escrow Holder cancellation fees and costs, all of which shall be Buyer's obligation. If thistransaction is terminated as a result of Seller's breach of this Agreement then Seller shall pay the TitleCompany and Escrow Holder cancellation fees and costs.

8.8 The Closing shall occur on the Expected Closing Date, or as soon thereafter as the Escrow is in conditionfor Closing; provided, however, that if the Closing does not occur by the Expected Closing Date and said Date isnot extended by mutual instructions of the Parties, a Party not then in default under this Agreementmaynotify the other Party, Escrow Holder, and Brokers, in writing that, unless the Closing occurs within 5 businessdays following said notice, the Escrow shall be deemed terminated without further notice or instructions.

8.9 Except as otherwise provided herein, the termination of Escrow shall not relieve or release either Partyfrom any obligation to pay Escrow Holder's fees and costs or constitute a waiver, release or discharge of anybreach or default that has occurred in the performance of the obligations, agreements, covenants orwarranties contained therein.

8.10 If this sale of the Property is not consummated for any reason other than Seller's breach or default,then at Seller's request, and as a condition to any obligation to return Buyer's deposit (see paragraph 21),Buyer shall within 5 days after written request deliver to Seller, at no charge, copies of all surveys, engineeringstudies, soil reports, maps, master plans, feasibility studies and other similar items prepared by or for Buyer



that pertain to the Property. Provided, however, that Buyer shall not be required to deliver any such report ifthe written contract which Buyer entered into with the consultant who prepared such report specificallyforbids the dissemination of the report to others.

9. Contingencies to Closing.9.1 The Closing of this transaction is contingent upon the satisfaction or waiver of the following

contingencies. IF BUYER FAILS TO NOTIFY ESCROW HOLDER, INWRITING, OF THE DISAPPROVAL OF ANY OFSAID CONTINGENCIESWITHIN THE TIME SPECIFIED THEREIN, IT SHALL BE CONCLUSIVELY PRESUMED THATBUYER HASNOT APPROVED SUCH ITEM, MATTER OR DOCUMENT. Buyer's conditional approval shallconstitute disapproval, unless provision is made by the Seller within the time specified therefore by the Buyerin such conditional approval or by this Agreement, whichever is later, for the satisfaction of the conditionimposed by the Buyer. Escrow Holder shall promptly provide all Parties with copies of any written disapprovalor conditional approval which it receives. With regard to subparagraphs (a) through (m) the pre-printed timeperiods shall control unless a different number of days is inserted in the spaces provided.

(a) Disclosure. Seller shall make to Buyer, through Escrow, all of the applicable disclosures required bylaw (See AIR CRE ("AIR") standard form entitled "Seller's Mandatory Disclosure Statement") and provide Buyerwith a completed Property Information Sheet ("Property Information Sheet") concerning the Property, dulyexecuted by or on behalf of Seller in the current form or equivalent to that published by the AIR within 10 or

days following the on the Date of Agreement. Buyer has 10 30 days from the receipt of said disclosuresto approve or disapprove the matters disclosed.

(b) Physical Inspection. Buyer has 10 or 30 days following the receipt of the Property InformationSheet or from the Date of Agreement, whichever is later, to satisfy itself with regard to the physical aspectsand size of the Property.

(c) Hazardous Substance Conditions Report. Buyer has 30 or days following the receipt of theProperty Information Sheet or from the Date of Agreement, whichever is later, to satisfy itself with regard tothe environmental aspects of the Property. Seller recommends that Buyer obtain a Hazardous SubstanceConditions Report concerning the Property and relevant adjoining properties. Any such report shall be paid forby Buyer. A "Hazardous Substance" for purposes of this Agreement is defined as any substance whose natureand/or quantity of existence, use, manufacture, disposal or effect, render it subject to Federal, state or localregulation, investigation, remediation or removal as potentially injurious to public health or welfare. A"Hazardous Substance Condition" for purposes of this Agreement is defined as the existence on, under orrelevantly adjacent to the Property of a Hazardous Substance that would require remediation and/or removalunder applicable Federal, state or local law.

(d) Soil Inspection. Buyer has 30 or days from the receipt of the Property Information Sheet or theDate of Agreement, whichever is later, to satisfy itself with regard to the condition of the soils on the Property.Seller recommends that Buyer obtain a soil test report. Any such report shall be paid for by Buyer. Seller shallprovide Buyer copies of any soils report that Seller may have within 10 days following on the Date ofAgreement.

(e) Governmental Approvals. Buyer has 30 or days following from the Date of Agreement tosatisfy itself with regard to approvals and permits from governmental agencies or departments which have ormay have jurisdiction over the Property and which Buyer deems necessary or desirable in connectionwith itsintended use of the Property, including, but not limited to, permits and approvals required with respect tozoning, planning, building and safety, fire, police, handicapped and Americans with Disabilities Actrequirements, transportation and environmental matters.

(f) Conditions of Title. Escrow Holder shall cause a current commitment for title insurance ("TitleCommitment") concerning the Property issued by the Title Company, as well as legible copies of all documentsreferred to in the Title Commitment ("Underlying Documents"), and a scaled and dimensioned plot showingthe location of any easements to be delivered to Buyer within 10 or days following the Date ofAgreement. Buyer has 10 20 days from the receipt of the Title Commitment, the Underlying Documents andthe plot plan to satisfy itself with regard to the condition of title. The disapproval by Buyer of anymonetaryencumbrance, which by the terms of this Agreement is not to remain against the Property after the Closing,shall not be considered a failure of this contingency, as Seller shall have the obligation, at Seller's expense, tosatisfy and remove such disapproved monetary encumbrance at or before the Closing.

(g) Survey. Buyer has 30 or 20 days following the receipt of the Title Commitment and UnderlyingDocuments to satisfy itself with regard to any ALTA title supplement based upon a survey prepared toAmerican Land Title Association ("ALTA") standards for an owner's policy by a licensed surveyor, showing thelegal description and boundary lines of the Property, any easements of record, and any improvements, poles,structures and things located within 10 feet of either side of the Property boundary lines. Any such surveyshall be prepared at Buyer's direction and expense. If Buyer has obtained a survey and approved the ALTA titlesupplement, Buyer may elect within the period allowed for Buyer's approval of a survey to have an ALTAextended coverage owner's form of title policy, in which event Buyer shall pay any additional premium



attributable thereto.(h) Existing Leases and Tenancy Statements. Seller discloses to Buyer that there are No TenantLeases, short term or long term that are on the Property. Seller shall within 10 or days following the

Date of Agreement provide both Buyer and Escrow Holder with legible copies of all leases, subleases or rentalarrangements (collectively, "Existing Leases") affecting the Property, and with a tenancy statement ("EstoppelCertificate") in the latest form or equivalent to that published by the AIR, executed by Seller and/or eachtenant and subtenant of the Property. Seller shall use its best efforts to have each tenant complete andexecute an Estoppel Certificate. If any tenant fails or refuses to provide an Estoppel Certificate then Seller shallcomplete and execute an Estoppel Certificate for that tenancy. Buyer has 10 days from the receipt of saidExisting Leases and Estoppel Certificates to satisfy itself with regard to the Existing Leases and any othertenancy issues.

(i) Owner's Association. Escrow will immediately request the documents stated herein and uponreceipt and submittal to Buyer, Buyer shall then have until the end of the 30 day Contingency Period toapprove or disapprove. Seller shall within 10 or days following the Date of Agreement provide Buyerwith a statement and transfer package from any owner's association servicing the Property. Such transferpackage shall at a minimum include: copies of the association's bylaws, articles of incorporation, currentbudget and financial statement. Buyer has 10 days from the receipt of such documents to satisfy itself withregard to the association.

(j) Other Agreements. Seller shall within 10 or 10 days following the Date of Agreement provideBuyer with legible copies of all other agreements ("Other Agreements") known to Seller that will affect theProperty after Closing. Buyer has 10 20 days from the receipt of said Other Agreements to satisfy itself withregard to such Agreements.

(k) Financing. If paragraph 5 hereof dealing with a financing contingency has not been stricken, thesatisfaction or waiver of such New Loan contingency.

(l) Existing Notes. If paragraph 3.1(c) has not been stricken, Seller shall within 10 or daysfollowing the Date of Agreement provide Buyer with legible copies of the Existing Notes, Existing Deeds ofTrust and related agreements (collectively, "Loan Documents") to which the Property will remain subject afterthe Closing. Escrow Holder shall promptly request from the holders of the Existing Notes a beneficiarystatement ("Beneficiary Statement") confirming: (1) the amount of the unpaid principal balance, the currentinterest rate, and the date to which interest is paid, and (2) the nature and amount of any impounds held bythe beneficiary in connection with such loan. Buyer has 10 or days following the receipt of the LoanDocuments and Beneficiary Statements to satisfy itself with regard to such financing. Buyer's obligation toclose is conditioned upon Buyer being able to purchase the Property without acceleration or change in theterms of any Existing Notes or charges to Buyer except as otherwise provided in this Agreement or approvedby Buyer, provided, however, Buyer shall pay the transfer fee referred to in paragraph 3.2 hereof. Likewise ifSeller is to carry back a PurchaseMoney Note then Seller shall within 10 or days following the Date ofAgreement provide Buyer with a copy of the proposed PurchaseMoney Note and Purchase Money Deed ofTrust. Buyer has 10 or days from the receipt of such documents to satisfy itself with regard to the formand content thereof.

(m)Personal Property. In the event that any personal property is included in the Purchase Price, Buyerhas 10 or 30 days following the Date of Agreement to satisfy itself with regard to the title condition of suchpersonal property. Seller recommends that Buyer obtain a UCC-1 report. Any such report shall be paid for byBuyer. Seller shall provide Buyer copies of any liens or encumbrances affecting such personal property that itis aware of within 10 or 30 days following the Date of Agreement.

(n) Destruction, Damage or Loss. Subsequent to the Date of Agreement and prior to Closing there shallnot have occurred a destruction of, or damage or loss to, the Property or any portion thereof, from any causewhatsoever, which would cost more than $10,000.00 $100,000.00 to repair or cure. If the cost of repair orcure is $10,000.00 $100,000.00 or less, Seller shall repair or cure the loss prior to the Closing. Buyer shallhave the option, within 10 days after receipt of written notice of a loss costingmore than $10,000.00$100,000.00 to repair or cure, to either terminate this Agreement or to purchase the Propertynotwithstanding such loss, but without deduction or offset against the Purchase Price. If the cost to repair orcure is more than $10,000.00 $100,000.00, and Buyer does not elect to terminate this Agreement, Buyer shallbe entitled to any insurance proceeds applicable to such loss. Unless otherwise notified in writing, EscrowHolder shall assume no such destruction, damage or loss has occurred prior to Closing.

(o) Material Change. Buyer shall have 10 days following receipt of written notice of a Material Changewithin which to satisfy itself with regard to such change. "Material Change" shall mean a substantial adversechange in the use, occupancy, tenants, title, or condition of the Property that occurs after the date of this offerand prior to the Closing. Unless otherwise notified in writing, Escrow Holder shall assume that noMaterialChange has occurred prior to the Closing.

(p) Seller Performance. The delivery of all documents and the due performance by Seller of each and



every undertaking and agreement to be performed by Seller under this Agreement.(q) Brokerage Fee. Payment at the Closing of such brokerage fee as is specified in this Agreement or

later written instructions to Escrow Holder executed by Seller and Brokers ("Brokerage Fee"). It is agreed bythe Parties and Escrow Holder that Brokers are a third party beneficiary of this Agreement insofar as theBrokerage Fee is concerned, and that no change shall bemade with respect to the payment of the BrokerageFee specified in this Agreement, without the written consent of Brokers.

9.2 All of the contingencies specified in subparagraphs (a) through (m) of paragraph 9.1 are for the benefitof, andmay be waived by, Buyer, and may be elsewhere herein referred to as "Buyer's Contingencies."

9.3 If any of Buyer's Contingencies or any other matter subject to Buyer's approval is disapproved asprovided for herein in a timely manner ("Disapproved Item"), Seller shall have the right within 10 daysfollowing the receipt of notice of Buyer's disapproval to elect to cure such Disapproved Item prior to theExpected Closing Date ("Seller's Election"). Seller's failure to give to Buyer within such period, written noticeof Seller's commitment to cure such Disapproved Item on or before the Expected Closing Date shall beconclusively presumed to be Seller's Election not to cure such Disapproved Item. If Seller elects, either bywritten notice or failure to give written notice, not to cure a Disapproved Item, Buyer shall have the right,within 10 days after Seller's Election to either accept title to the Property subject to such Disapproved Item, orto terminate this Agreement. Buyer's failure to notify Seller in writing of Buyer's election to accept title to theProperty subject to the Disapproved Item without deduction or offset shall constitute Buyer's election toterminate this Agreement. The above time periods only apply once for each Disapproved Item. Unlessexpressly provided otherwise herein, Seller's right to cure shall not apply to the remediation of HazardousSubstance Conditions or to the Financing Contingency. Unless the Parties mutually instruct otherwise, if thetime periods for the satisfaction of contingencies or for Seller's and Buyer's elections would expire on a dateafter the Expected Closing Date, the Expected Closing Date shall be deemed extended for 3 business daysfollowing the expiration of: (a) the applicable contingency period(s), (b) the period within which the Seller mayelect to cure the Disapproved Item, or (c) if Seller elects not to cure, the period within which Buyer may electto proceed with this transaction, whichever is later.

9.4 The Parties acknowledge that extensive local, state and Federal legislation establish broad liabilityupon owners and/or users of real property for the investigation and remediation of Hazardous Substances.The determination of the existence of a Hazardous Substance Condition and the evaluation of the impact ofsuch a condition are highly technical and beyond the expertise of Brokers. The Parties acknowledge that theyhave been advised by Brokers to consult their own technical and legal experts with respect to the possiblepresence of Hazardous Substances on the Property or adjoining properties, and Buyer and Seller are notrelying upon any investigation by or statement of Brokers with respect thereto. The Parties hereby assume allresponsibility for the impact of such Hazardous Substances upon their respective interests herein.

10. Documents Required at or Before Closing.10.1 Five days prior to the Closing date Escrow Holder shall obtain an updated Title Commitment

concerning the Property from the Title Company and provide copies thereof to each of the Parties.10.2 Seller shall deliver to Escrow Holder in time for delivery to Buyer at the Closing:

(a) Grant or general warranty deed, duly executed and in recordable form, conveying fee title to theProperty to Buyer.

(b) If applicable, the Beneficiary Statements concerning Existing Note(s).(c) If applicable, the Existing Leases and Other Agreements together with duly executed assignments

thereof by Seller and Buyer. The assignment of Existing Leases shall be on themost recent Assignment andAssumption of Lessor's Interest in Lease form published by the AIR or its equivalent.

(d) If applicable, Estoppel Certificates executed by Seller and/or the tenant(s) of the Property.(e) An affidavit executed by Seller to the effect that Seller is not a "foreign person" within the meaning

of Internal Revenue Code Section 1445 or successor statutes. If Seller does not provide such affidavit in formreasonably satisfactory to Buyer at least 3 business days prior to the Closing, Escrow Holder shall at the Closingdeduct from Seller's proceeds and remit to the Internal Revenue Service such sum as is required by applicableFederal lawwith respect to purchases from foreign sellers.

(f) If the Property is located in California, an affidavit executed by Seller to the effect that Seller is not a''nonresident" within the meaning of California Revenue and Tax Code Section 18662 or successor statutes. IfSeller does not provide such affidavit in form reasonably satisfactory to Buyer at least 3 business days prior tothe Closing, Escrow Holder shall at the Closing deduct from Seller's proceeds and remit to the Franchise TaxBoard such sum as is required by such statute.

(g) If applicable, a bill of sale, duly executed, conveying title to any included personal property toBuyer.

(h) If the Seller is a corporation, a duly executed corporate resolution authorizing the execution of thisAgreement and the sale of the Property.

10.3 Buyer shall deliver to Seller through Escrow:



(a) The cash portion of the Purchase Price and such additional sums as are required of Buyer under thisAgreement shall be deposited by Buyer with Escrow Holder, by federal funds wire transfer, or any othermethod acceptable to Escrow Holder in immediately collectable funds, no later than 2:00 P.M. on the businessday prior to the Expected Closing Date provided, however, that Buyer shall not be required to deposit suchmonies into Escrow if at the time set for the deposit of such monies Seller is in default or has indicated that itwill not perform any of its obligations hereunder. Instead, in such circumstances in order to reserve its rightsto proceed Buyer need only provide Escrowwith evidence establishing that the required monies wereavailable.

(b) If a Purchase Money Note and PurchaseMoney Deed of Trust are called for by this Agreement, theduly executed originals of those documents, the Purchase Money Deed of Trust being in recordable form,together with evidence of fire insurance on the improvements in the amount of the full replacement costnaming Seller as amortgage loss payee, and a real estate tax service contract (at Buyer's expense), assuringSeller of notice of the status of payment of real property taxes during the life of the Purchase Money Note.

(c) The Assignment and Assumption of Lessor's Interest in Lease form specified in paragraph 10.2(c)above, duly executed by Buyer.

(d) Assumptions duly executed by Buyer of the obligations of Seller that accrue after Closing under anyOther Agreements.

(e) If applicable, a written assumption duly executed by Buyer of the loan documents with respect toExisting Notes.

(f) If the Buyer is a corporation, a duly executed corporate resolution authorizing the execution of thisAgreement and the purchase of the Property.

10.4 At Closing, Escrow Holder shall cause to be issued to Buyer a standard coverage (or ALTA extended,if elected pursuant to 9.1(g)) owner's form policy of title insurance effective as of the Closing, issued by theTitle Company in the full amount of the Purchase Price, insuring title to the Property vested in Buyer, subjectonly to the exceptions approved by Buyer. In the event there is a PurchaseMoney Deed of Trust in thistransaction, the policy of title insurance shall be a joint protection policy insuring both Buyer and Seller.IMPORTANT: IN A PURCHASE OR EXCHANGE OF REAL PROPERTY, ITMAY BE ADVISABLE TO OBTAIN TITLEINSURANCE IN CONNECTION WITH THE CLOSE OF ESCROW SINCE THEREMAY BE PRIOR RECORDED LIENSAND ENCUMBRANCESWHICH AFFECT YOUR INTEREST IN THE PROPERTY BEING ACQUIRED. A NEW POLICYOF TITLE INSURANCE SHOULD BE OBTAINED IN ORDER TO ENSURE YOUR INTEREST IN THE PROPERTY THATYOU ARE ACQUIRING.

11. Prorations and Adjustments.11.1 Taxes. Applicable real property taxes and special assessment bonds shall be prorated through

Escrow as of the date of the Closing, based upon the latest tax bill available. The Parties agree to prorate as ofthe Closing any taxes assessed against the Property by supplemental bill levied by reason of events occurringprior to the Closing. Payment of the prorated amount shall bemade promptly in cash upon receipt of a copyof any supplemental bill. Notwithstanding the foregoing, Buyer is a tax-exempt entity, not subject toproperty taxes and exempt from recording fees.

11.2 Insurance. WARNING: Any insurance which Seller may havemaintained will terminate on theClosing. Buyer is advised to obtain appropriate insurance to cover the Property.

11.3 Rentals, Interest and Expenses. Scheduled rentals, interest on Existing Notes, utilities, andoperating expenses shall be prorated as of the date of Closing. The Parties agree to promptly adjust betweenthemselves outside of Escrow any rents received after the Closing.

11.4 Security Deposit. Security Deposits held by Seller shall be given to Buyer as a credit to the cashrequired of Buyer at the Closing.

11.5 Post Closing Matters. Any item to be prorated that is not determined or determinable at theClosing shall be promptly adjusted by the Parties by appropriate cash payment outside of the Escrow when theamount due is determined.

11.6 Variations in Existing Note Balances. In the event that Buyer is purchasing the Property subject toan Existing Deed of Trust(s), and in the event that a Beneficiary Statement as to the applicable Existing Note(s)discloses that the unpaid principal balance of such Existing Note(s) at the closing will be more or less than theamount set forth in paragraph 3.1(c) hereof ("Existing Note Variation"), then the Purchase Money Note(s) shallbe reduced or increased by an amount equal to such Existing Note Variation. If there is to be no PurchaseMoney Note, the cash required at the Closing per paragraph 3.1(a) shall be reduced or increased by theamount of such Existing Note Variation.

11.7 Variations in New Loan Balance. In the event Buyer is obtaining a New Loan and the amountultimately obtained exceeds the amount set forth in paragraph 5.1, then the amount of the Purchase MoneyNote, if any, shall be reduced by the amount of such excess.

11.8 Owner's Association Fees. Escrow Holder shall: (i) bring Seller's account with the associationcurrent and pay any delinquencies or transfer fees from Seller's proceeds, and (ii) pay any up front fees



required by the association from Buyer's funds.

12. Representations and Warranties of Seller and Disclaimers.12.1 Seller's warranties and representations shall survive the Closing and delivery of the deed for a

period of 3 1.5 years, and any lawsuit or action based upon themmust be commenced within such timeperiod. Seller's warranties and representations are true, material and relied upon by Buyer and Brokers in allrespects. Seller herebymakes the following warranties and representations to Buyer and Brokers:

(a) Authority of Seller. Seller is the owner of the Property and/or has the full right, power andauthority to sell, convey and transfer the Property to Buyer as provided herein, and to perform Seller'sobligations hereunder.

(b) Maintenance During Escrow and Equipment Condition At Closing. Except as otherwise provided inparagraph 9.1(n) hereof, Seller shall maintain the Property until the Closing in its present condition, ordinarywear and tear excepted.

(c) Hazardous Substances/Storage Tanks. Seller has no knowledge, except as otherwise disclosed toBuyer in writing, of the existence or prior existence on the Property of any Hazardous Substance, nor of theexistence or prior existence of any above or below ground storage tank.

(d) Compliance. Seller has no knowledge of any aspect or condition of the Property which violatesapplicable laws, rules, regulations, codes or covenants, conditions or restrictions, or of improvements oralterations made to the Property without a permit where one was required, or of any unfulfilled order ordirective of any applicable governmental agency or casualty insurance company requiring any investigation,remediation, repair, maintenance or improvement be performed on the Property.

(e) Changes in Agreements. Prior to the Closing, Seller will not violate or modify any Existing Lease orOther Agreement, or create any new leases or other agreements affecting the Property, without Buyer'swritten approval, which approval will not be unreasonably withheld.

(f) Possessory Rights. Seller has no knowledge that anyone will, at the Closing, have any right topossession of the Property, except as disclosed by this Agreement or otherwise in writing to Buyer.

(g) Mechanics' Liens. There are no unsatisfied mechanics' or materialmens' lien rights concerning theProperty.

(h) Actions, Suits or Proceedings. Seller has no knowledge of any actions, suits or proceedings pendingor threatened before any commission, board, bureau, agency, arbitrator, court or tribunal that would affect theProperty or the right to occupy or utilize same.

(i) Notice of Changes. Seller will promptly notify Buyer and Brokers in writing of any Material Change(see paragraph 9.1(o)) affecting the Property that becomes known to Seller prior to the Closing.

(j) No Tenant Bankruptcy Proceedings. Seller has no notice or knowledge that any tenant of theProperty is the subject of a bankruptcy or insolvency proceeding.

(k) No Seller Bankruptcy Proceedings. Seller is not the subject of a bankruptcy, insolvency or probateproceeding.

(l) Personal Property. Seller has no knowledge that anyone will, at the Closing, have any right topossession of any personal property included in the Purchase Price nor knowledge of any liens orencumbrances affecting such personal property, except as disclosed by this Agreement or otherwise in writingto Buyer.(m) Seller is a California limited liability company in good standing and validly existing.(n) No additional consent is needed to make this Agreement effective.(o) Seller has fully disclosed all material information in its possession regarding the Property.(p) Entering into this Agreement does not violate any other agreement.

12.2 Buyer hereby acknowledges that, except as otherwise stated in this Agreement, Buyer is purchasingthe Property in its existing condition andwill, by the time called for herein, make or have waived all inspectionsof the Property Buyer believes are necessary to protect its own interest in, and its contemplated use of, theProperty. The Parties acknowledge that, except as otherwise stated in this Agreement, no representations,inducements, promises, agreements, assurances, oral or written, concerning the Property, or any aspect of theoccupational safety and health laws, Hazardous Substance laws, or any other act, ordinance or law, have beenmade by either Party or Brokers, or relied upon by either Party hereto.

12.3 In the event that Buyer learns that a Seller representation or warranty might be untrue prior to theClosing, and Buyer elects to purchase the Property anyway then, and in that event, Buyer waives any right thatit may have to bring an action or proceeding against Seller or Brokers regarding said representation orwarranty. All Seller Representations andWarranties are to bemade as of the date of this Agreement andthrough the Closing Date.

12.4 Any environmental reports, soils reports, surveys, and other similar documents which wereprepared by third party consultants and provided to Buyer by Seller or Seller's representatives, have been



delivered as an accommodation to Buyer and without any representation or warranty as to the sufficiency,accuracy, completeness, and/or validity of said documents, all of which Buyer relies on at its own risk. Sellerbelieves said documents to be accurate, but Buyer is advised to retain appropriate consultants to review saiddocuments and investigate the Property.

13. Possession.Possession of the Property shall be given to Buyer at the Closing subject to the rights of tenants under ExistingLeases.

14. Buyer's Entry.At any time during the Escrow period, Buyer, and its agents and representatives, shall have the right atreasonable times and subject to rights of tenants, to enter upon the Property for the purpose of makinginspections and tests specified in this Agreement. No destructive testing shall be conducted, however, withoutSeller's prior approval which shall not be unreasonably withheld. Following any such entry or work, unlessotherwise directed in writing by Seller, Buyer shall return the Property to the condition it was in prior to suchentry or work, including the re-compaction or removal of any disrupted soil or material as Seller mayreasonably direct. All such inspections and tests and any other work conducted or materials furnished withrespect to the Property by or for Buyer shall be paid for by Buyer as and when due and Buyer shall indemnify,defend, protect and hold harmless Seller and the Property of and from any and all claims, liabilities, losses,expenses (including reasonable attorneys' fees), damages, including those for injury to person or property,arising out of or relating to any such work or materials or the acts or omissions of Buyer, its agents oremployees in connection therewith.

15. Further Documents and Assurances.The Parties shall each, diligently and in good faith, undertake all actions and procedures reasonably required toplace the Escrow in condition for Closing as and when required by this Agreement. The Parties agree toprovide all further information, and to execute and deliver all further documents, reasonably required byEscrow Holder or the Title Company.

16. Attorneys' Fees.If any Party or Broker brings an action or proceeding (including arbitration) involving the Property whetherfounded in tort, contract or equity, or to declare rights hereunder, the Prevailing Party (as hereafter defined) inany such proceeding, action, or appeal thereon, shall be entitled to reasonable attorneys' fees and costs. Suchfees may be awarded in the same suit or recovered in a separate suit, whether or not such action orproceeding is pursued to decision or judgment. The term "Prevailing Party" shall include, without limitation, aParty or Broker who substantially obtains or defeats the relief sought, as the case may be, whether bycompromise, settlement, judgment, or the abandonment by the other Party or Broker of its claim or defense.The attorneys' fees award shall not be computed in accordance with any court fee schedule, but shall be suchas to fully reimburse all attorneys' fees reasonably incurred.

17. Prior Agreements/Amendments.17.1 This Agreement supersedes any and all prior agreements between Seller and Buyer regarding

the Property.17.2 Amendments to this Agreement are effective only if made in writing and executed by Buyer and

Seller.

18. Broker's Rights.18.1 If this sale is not consummated due to the default of either the Buyer or Seller, the defaulting Party

shall be liable to and shall pay to Brokers the Brokerage Fee that Brokers would have received had the salebeen consummated. If Buyer is the defaulting party, payment of said Brokerage Fee is in addition to anyobligation with respect to liquidated or other damages.

18.12 Upon the Closing, Brokers are not authorized to publicize the facts of this transaction.

19. Notices.19.1 Whenever any Party, Escrow Holder or Brokers herein shall desire to give or serve any notice,

demand, request, approval, disapproval or other communication, each such communication shall be in writingand shall be delivered personally, by messenger, or by mail, postage prepaid, to the address set forth in thisagreement or by facsimile transmission, electronic signature, digital signature, or email.

19.2 Service of any such communication shall be deemed made on the date of actual receipt ifpersonally delivered, or transmitted by facsimile transmission, electronic signature, digital signature, or email.Any such communication sent by regular mail shall be deemed given 48 hours after the same is mailed.Communications sent by United States Express Mail or overnight courier that guarantee next day delivery shallbe deemed delivered 24 hours after delivery of the same to the Postal Service or courier. If suchcommunication is received on a Saturday, Sunday or legal holiday, it shall be deemed received on the next



business day.19.3 Any Party or Broker hereto may from time to time, by notice in writing, designate a different

address to which, or a different person or additional persons to whom, all communications are thereafter to bemade.

20. Duration of Offer.20.1 If this offer is not accepted by Seller on or before 5:00 P.M. according to the time standard

applicable to the city of Simi Valley on the date of June 15, 2017 , it shall be deemed automaticallyrevoked.

20.2 The acceptance of this offer, or of any subsequent counteroffer hereto, that creates an agreementbetween the Parties as described in paragraph 1.2, shall be deemed made upon delivery to the other Party oreither Broker herein of a duly executed writing unconditionally accepting the last outstanding offer orcounteroffer.

21. LIQUIDATED DAMAGES. (This Liquidated Damages paragraph is applicable only if initialed by bothParties).THE PARTIES AGREE THAT IT WOULD BE IMPRACTICABLE OR EXTREMELY DIFFICULT TO FIX, PRIOR TOSIGNING THIS AGREEMENT, THE ACTUAL DAMAGES WHICHWOULD BE SUFFERED BY SELLER IF BUYER FAILSTO PERFORM ITS OBLIGATIONS UNDER THIS AGREEMENT. THEREFORE, IF, AFTER THE SATISFACTION ORWAIVER OF ALL CONTINGENCIES PROVIDED FOR THE BUYER'S BENEFIT, BUYER BREACHES THIS AGREEMENT,SELLER SHALL BE ENTITLED TO LIQUIDATED DAMAGES IN THE AMOUNT OF $375,000.00 . UPON PAYMENTOF SAID SUM TO SELLER, BUYER SHALL BE RELEASED FROMANY FURTHER LIABILITY TO SELLER, AND ANYESCROW CANCELLATION FEES AND TITLE COMPANY CHARGES SHALL BE PAID BY SELLER.

Buyer's Initials Seller's Initials

22. ARBITRATION OF DISPUTES. (This Arbitration of Disputes paragraph is applicable only if initialed by bothParties.)

22.1 ANY CONTROVERSY AS TO WHETHER SELLER IS ENTITLED TO THE LIQUIDATED DAMAGES AND/ORBUYER IS ENTITLED TO THE RETURN OF DEPOSIT MONEY, SHALL BE DETERMINED BY BINDING ARBITRATION BY,AND UNDER THE COMMERCIAL RULES OF THE AMERICAN ARBITRATION ASSOCIATION ("COMMERCIALRULES"). ARBITRATION HEARINGS SHALL BE HELD IN THE COUNTYWHERE THE PROPERTY IS LOCATED. THENUMBER OF ARBITRATORS SHALL BE AS PROVIDED IN THE COMMERCIAL RULES AND EACH SUCH ARBITRATORSHALL BE AN IMPARTIAL REAL ESTATE BROKERWITH AT LEAST 5 YEARS OF FULL TIME EXPERIENCE IN BOTH THEAREA WHERE THE PROPERTY IS LOCATED AND THE TYPE OF REAL ESTATE THAT IS THE SUBJECT OF THISAGREEMENT. THE ARBITRATOR OR ARBITRATORS SHALL BE APPOINTED UNDER THE COMMERCIAL RULES.AND SHALL HEAR AND DETERMINE SAID CONTROVERSY IN ACCORDANCE WITH APPLICABLE LAW, THEINTENTION OF THE PARTIES AS EXPRESSED IN THIS AGREEMENT AND ANY AMENDMENTS THERETO, ANDUPON THE EVIDENCE PRODUCED AT AN ARBITRATION HEARING. PRE-ARBITRATION DISCOVERY SHALL BEPERMITTED IN ACCORDANCE WITH THE COMMERCIAL RULES OR STATE LAWAPPLICABLE TO ARBITRATIONPROCEEDINGS. THE AWARD SHALL BE EXECUTED BY AT LEAST 2 OF THE 3 ARBITRATORS, BE RENDEREDWITHIN30 DAYS AFTER THE CONCLUSION OF THE HEARING, AND MAY INCLUDE ATTORNEYS' FEES AND COSTS TO THEPREVAILING PARTY PER PARAGRAPH 16 HEREOF. JUDGMENT MAY BE ENTERED ON THE AWARD IN ANY COURTOF COMPETENT JURISDICTION NOTWITHSTANDING THE FAILURE OF A PARTY DULY NOTIFIED OF THEARBITRATION HEARING TO APPEAR THEREAT.

22.2 BUYER'S RESORT TO OR PARTICIPATION IN SUCH ARBITRATION PROCEEDINGS SHALL NOT BAR SUITIN A COURT OF COMPETENT JURISDICTION BY THE BUYER FOR DAMAGES AND/OR SPECIFIC PERFORMANCEUNLESS ANDUNTIL THE ARBITRATION RESULTS IN AN AWARD TO THE SELLER OF LIQUIDATED DAMAGES, INWHICH EVENT SUCH AWARD SHALL ACT AS A BAR AGAINST ANY ACTION BY BUYER FOR DAMAGES AND/ORSPECIFIC PERFORMANCE.

22.3 NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISINGOUT OF THE MATTERS INCLUDED IN THE "ARBITRATION OF DISPUTES" PROVISION DECIDED BY NEUTRALARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESSTO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW YOU AREGIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS SUCH RIGHTS ARE SPECIFICALLYINCLUDED IN THE "ARBITRATIONOF DISPUTES" PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATIONAFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OFTHE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION ISVOLUNTARY.

WE HAVE READ ANDUNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THEMATTERS INCLUDED IN THE "ARBITRATION OF DISPUTES" PROVISION TO NEUTRAL ARBITRATION.



Buyer's Initials Seller's Initials

23. Miscellaneous.23.1 Binding Effect. This Agreement shall be binding on the Parties without regard to whether or not

paragraphs 21 and 22 are initialed by both of the Parties. Paragraphs 21 and 22 are each incorporated into thisAgreement only if initialed by both Parties at the time that the Agreement is executed.

23.2 Applicable Law. This Agreement shall be governed by, and paragraph 22.3 is amended to refer to,the laws of the state in which the Property is located. Any litigation or arbitration between the Parties heretoconcerning this Agreement shall be initiated in the county in which the Property is located.

23.3 Time of Essence. Time is of the essence of this Agreement.23.4 Counterparts. This Agreement may be executed by Buyer and Seller in counterparts, each of which

shall be deemed an original, and all of which together shall constitute one and the same instrument. EscrowHolder, after verifying that the counterparts are identical except for the signatures, is authorized and instructedto combine the signed signature pages on one of the counterparts, which shall then constitute the Agreement.

23.5 Waiver of Jury Trial. THE PARTIES HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO TRIAL BY JURY INANY ACTIONOR PROCEEDING INVOLVING THE PROPERTY OR ARISING OUT OF THIS AGREEMENT.

23.6 Conflict. Any conflict between the printed provisions of this Agreement and the typewritten orhandwritten provisions shall be controlled by the typewritten or handwritten provisions. Seller and Buyermust initial any and all handwritten provisions.

23.7 1031 Exchange. Both Seller and Buyer agree to cooperate with each other in the event that eitheror both wish to participate in a 1031 exchange. Any party initiating an exchange shall bear all costs of suchexchange. The cooperating Party shall not have any liability (special or otherwise) for damages to theexchanging Party in the event that the sale is delayed and/or that the sale otherwise fails to qualify as a 1031exchange.

23.8 Days. Unless otherwise specifically indicated to the contrary, the word "days" as used in thisAgreement shall mean and refer to calendar days. In the event a deadline falls on a Saturday, Sunday orfederal/state holiday said date shall change to the following Monday or next applicable weekday.24. Disclosures Regarding The Nature of a Real Estate Agency Relationship.

24.1 The Parties and Brokers agree that their relationship(s) shall be governed by the principles set forthin the applicable sections of the California Civil Code, as summarized in paragraph 24.2.

24.2 When entering into a discussion with a real estate agent regarding a real estate transaction, a Buyeror Seller should from the outset understand what type of agency relationship or representation it has with theagent or agents in the transaction. Buyer and Seller acknowledge being advised by the Brokers in thistransaction, as follows:

(a) Seller's Agent. A Seller's agent under a listing agreement with the Seller acts as the agent for theSeller only. A Seller's agent or subagent has the following affirmative obligations: (1) To the Seller: A fiduciaryduty of utmost care, integrity, honesty, and loyalty in dealings with the Seller. (2) To the Buyer and the Seller:a. Diligent exercise of reasonable skills and care in performance of the agent's duties. b. A duty of honest andfair dealing and good faith. c. A duty to disclose all facts known to the agent materially affecting the value ordesirability of the property that are not known to, or within the diligent attention and observation of, theParties. An agent is not obligated to reveal to either Party any confidential information obtained from theother Party which does not involve the affirmative duties set forth above.

(b) Buyer's Agent. A selling agent can, with a Buyer's consent, agree to act as agent for the Buyer only.In these situations, the agent is not the Seller's agent, even if by agreement the agent may receivecompensation for services rendered, either in full or in part from the Seller. An agent acting only for a Buyerhas the following affirmative obligations. (1) To the Buyer: A fiduciary duty of utmost care, integrity, honesty,and loyalty in dealings with the Buyer. (2) To the Buyer and the Seller: a. Diligent exercise of reasonable skillsand care in performance of the agent's duties. b. A duty of honest and fair dealing and good faith. c. A duty todisclose all facts known to the agent materially affecting the value or desirability of the property that are notknown to, or within the diligent attention and observation of, the Parties. An agent is not obligated to reveal toeither Party any confidential information obtained from the other Party which does not involve the affirmativeduties set forth above.

(c) Agent Representing Both Seller and Buyer. A real estate agent, either acting directly or through oneor more associate licenses, can legally be the agent of both the Seller and the Buyer in a transaction, but onlywith the knowledge and consent of both the Seller and the Buyer. (1) In a dual agency situation, the agent hasthe following affirmative obligations to both the Seller and the Buyer: a. A fiduciary duty of utmost care,integrity, honesty and loyalty in the dealings with either Seller or the Buyer. b. Other duties to the Seller andthe Buyer as stated above in their respective sections (a) or (b) of this paragraph 24.2. (2) In representing bothSeller and Buyer, the agent may not without the express permission of the respective Party, disclose to the



other Party that the Seller will accept a price less than the listing price or that the Buyer will pay a price greaterthan the price offered. (3) The above duties of the agent in a real estate transaction do not relieve a Seller orBuyer from the responsibility to protect their own interests. Buyer and Seller should carefully read allagreements to assure that they adequately express their understanding of the transaction. A real estate agentis a person qualified to advise about real estate. If legal or tax advice is desired, consult a competentprofessional.

(d) Further Disclosures. Throughout this transaction Buyer and Seller may receive more than onedisclosure, depending upon the number of agents assisting in the transaction. Buyer and Seller should eachread its contents each time it is presented, considering the relationship between them and the real estateagent in this transaction and that disclosure. Buyer and Seller each acknowledge receipt of a disclosure of thepossibility of multiple representation by the Broker representing that principal. This disclosure may be part ofa listing agreement, buyer representation agreement or separate document. Buyer understands that Brokerrepresenting Buyer may also represent other potential buyers, who may consider, make offers on or ultimatelyacquire the Property. Seller understands that Broker representing Seller may also represent other sellers withcompeting properties that may be of interest to this Buyer. Brokers have no responsibility with respect to anydefault or breach hereof by either Party. The Parties agree that no lawsuit or other legal proceeding involvingany breach of duty, error or omission relating to this transaction may be brought against Broker more than oneyear after the Date of Agreement and that the liability (including court costs and attorneys' fees), of any Brokerwith respect to any breach of duty, error or omission relating to this Agreement shall not exceed the feereceived by such Broker pursuant to this Agreement; provided, however, that the foregoing limitation on eachBroker's liability shall not be applicable to any gross negligence or willful misconduct of such Broker.

24.3 Confidential Information. Buyer and Seller agree to identify to Brokers as "Confidential" anycommunication or information given Brokers that is considered by such Party to be confidential.

25. Construction of Agreement. In construing this Agreement, all headings and titles are for the convenienceof the Parties only and shall not be considered a part of this Agreement. Whenever required by the context,the singular shall include the plural and vice versa. This Agreement shall not be construed as if prepared byone of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it.

26. Additional Provisions.Additional provisions of this offer, if any, are as follows or are attached hereto by an addendum or addendaconsisting of "Exhibit A" (Legal Description), "Exhibit B" (Bill of Sale), "Exhibit C" (Grant Deed Template)and "Exhibit D" (Certi icate of Acceptance) paragraphs 28 through 30 . (If there are no additionalprovisions write "NONE".)

ATTENTION: NO REPRESENTATION OR RECOMMENDATION IS MADE BY AIR CRE OR BY ANY BROKER AS TOTHE LEGAL SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS AGREEMENT OR THETRANSACTION TOWHICH 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 HAZARDOUSSUBSTANCES, THE ZONING OF THE PROPERTY, THE INTEGRITY AND CONDITIONOF ANY STRUCTURES ANDOPERATING 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 OFTHIS AGREEMENTMAY NEED TO BE REVISED TO COMPLY WITH THE LAWSOF THE STATE IN WHICH THEPROPERTY 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 conditions stated andacknowledges receipt of a copy hereof.

BROKER

Lee& Associates - LA North/Ventura, Inc andSage Realty Group.

Date:

BUYER

Simi Valley Uni ied School District



Attn: Mike Tingus, Grant Fulkerson, SIOR, JoelKirschensteinTitle: President, Managing Director, President

Address: 26050 Mureau Road, Suite 101Calabasas, CA 91302Phone: (818) 223-4388Fax: (818) 591-1450Email: [email protected],[email protected],[email protected] ID No.:Broker/Agent BRE License #: 01013724,01483890, 01377920

By:Name Printed: RonTodoTitle: SVUSD Associate Super IntendmentPhone: (805) 306-4500 x 4011Fax:Email: [email protected]

By:Name Printed:Title:Phone:Fax:Email:

Address:Federal ID No.:

27. Acceptance.27.1 Seller accepts the foregoing offer to purchase the Property and hereby agrees to sell the Property

to Buyer on the terms and conditions therein specified.27.2 In consideration of real estate brokerage service rendered by Brokers, Seller agrees to pay Brokers a

real estate Brokerage Fee in a sum equal to 4 % of the Purchase Price to be divided between the Brokers asfollows: Seller's Broker 2 % and Buyer's Broker 2 % of the Purchase Price. This Agreement shall serveas an irrevocable instruction to Escrow Holder to pay such Brokerage Fee to Brokers out of the proceedsaccruing to the account of Seller at the Closing.

27.3 Seller acknowledges receipt of a copy hereof and authorizes Brokers to deliver a signed copy toBuyer.28. No Assignment.Neither party can assign their rights under this Agreement unless there ismutual written consent todo so, and if assigned, the Agreement is binding on successors and assigns.29. No Waiver.The waiver of one provision by a party of any condition or covenant or promise or the time forperforming an act shall not invalidate the Agreement or be considered to be a waiver or any othercondition, covenant or promise. The exercise of a remedy does notmean the waiver of other remediesavailable under the Agreement or by law.30. Severability.If any part of the Agreement is illegal, null or void, or against public policy, then the remainingprovisions shall remain in full force and effect.NOTE: A PROPERTY INFORMATION SHEET IS REQUIRED TO BE DELIVERED TO BUYER BY SELLER UNDER THISAGREEMENT.

BROKER

KWCommercial Calabasas

Attn: Ron FederTitle:

Address: 23975 Park Sorrento, #110, Calabasas,CA 91302Phone: (818) 222-0404Fax:Email: [email protected] ID No.:Broker/Agent BRE License #: 00983855

Date:

SELLER

Kids from the Valley XIII, LLC

By:Name Printed: Steve NeedlemanTitle: Trustee of the Anjac Trust, It's SoleMemberPhone: (213) 626-5321Fax:Email: [email protected], [email protected]

By:Name Printed:Title:Phone:



Fax:Email:

Address:Federal ID No.:

AIR CRE. 500 North Brand Blvd, Suite 900, Glendale, CA 91203, Tel 213-687-8777, Email [email protected]: No part of these works may be reproduced in any formwithout permission in writing.

________ ________________ Page 1 of 3 ________INITIALS Last Edited: 6/13/2017 12:42 PM INITIALS

© 2017 AIR CRE. All Rights Reserved. SMD-6.00, Revised 01-03-2017

SELLER'S MANDATORY DISCLOSURE STATEMENT(Required by law on transactions involving non-residential properties in California)DO NOT USE THIS FORMWITH REGARD TO THE SALE OF RESIDENTIAL PROPERTIES

This disclosure statement is intended to be a part of the STANDARD OFFER, AGREEMENT AND ESCROW

INSTRUCTIONS FOR PURCHASE OF REAL ESTATE (See paragraph 9.1(a) of said document) or (the"Purchase Agreement") dated , regarding that certain real property commonly known as (street address,city, state, zip): 101 W.Cochran St., Simi Valley, CA 93065 (the "Property") wherein Kids from theValley XIII, LLC is the Seller and Simi Valley Uni ied School District is the Buyer. Note: This disclosurestatement is not designed nor intended to be used in place of the standard Property Information Sheetpublished BY AIR CRE ("AIR"). Both documents should be used in every transaction involving a sale.

In order to comply with State law concerning disclosures to a potential purchaser, Seller elects to:

A. Utilize a report prepared by a professional consultant which has been approved by the AIR, i.e., FirstAmerican Natural Hazard Disclosures, (800) 527-0027, or JCP Property Disclosure Reports, (800) 748-5233. Acopy of their report is attached hereto. (Complete paragraph 8, 9, 10, 12 and 13 and sign this statement inthe place provided.)

B. Utilize a report prepared by , with phone number: . A copy of their report is attachedhereto. (Complete paragraphs 8, 9 10, 12, and 13, sign this Statement in the place provided, and attach acopy of The Commercial Property Owner's Guide to Earthquake Safety.)

C. Complete this Disclosure Statement without the assistance of a professional consultant. (Completeparagraphs 1 through 13 and sign this Statement in the place provided. Remember to attach a copy of TheCommercial Property Owner's Guide to Earthquake Safety.)

1. EARTHQUAKE FAULT ZONES. If the Property is located within a delineated Earthquake Fault Zone (a zonethat encompasses a potentially or recently active trace of an earthquake fault that is deemed by the StateGeologist to constitute a potential hazard to structures from surface faulting or fault creep), California PublicResources Code §2621 et seq. mandates that prospective purchasers be advised that the Property is locatedwithin such a Zone, and that its development may require a geologic report from a state registered geologist.

In accordance with such law, Buyer is hereby informed that the Property is or is not within a delineatedEarthquake Fault Zone.

2. SEISMIC HAZARD ZONES. If the Property is located within a Seismic Hazard Zone as delineated on a mapprepared by the California Division of Mines and Geology, California Public Resources Code §2690 et seq.mandates that prospective purchasers be advised that the Property is located within such a Zone. In

accordance with such law, Buyer is hereby informed that the Property is or is not within a SeismicHazard Zone.

3. EARTHQUAKE SAFETY. If (1) the improvements on the Property were constructed prior to 1975, and (2)said improvements include structures with (i) pre-cast (e.g., tilt-up) concrete or reinforcedmasonry wallstogether with wood frame floors or roofs or (ii) unreinforcedmasonry walls, Buyer must be provided with acopy of The Commercial Property Owner's Guide to Earthquake Safety (the "Booklet") published by theCalifornia Seismic Safety Commission. Buyer is hereby informed that the Property:

(a) meets the foregoing requirements, and a copy of the Booklet and a completed "CommercialProperty EarthquakeWeakness Disclosure Report" is attached hereto. Within five business days of Buyer'sreceipt of said Disclosure Report, Buyer shall deliver a duly countersigned copy of the same to Escrow Holder,with a copy to Seller and Seller's Broker. Escrow Holder is hereby instructed that the Escrow shall not closeunless and until Escrow Holder has received the Disclosure Report duly signed by both Seller and Buyer.

(b) does not meet the foregoing requirements requiring the delivery of the Booklet.

4. FIRE PROTECTION. If the Property is located within a designated State Responsibility Area as delineated ona map prepared by the California Department of Forestry, California Public Resources Code §4136 mandatesthat prospective purchasers be advised that the Property is located within a wildland area whichmay contain



substantial forest fire risks and hazards, that the State may not be responsible to provide fire protectionservices, and that the Property may be subject to the requirements of Public Resources Code §4291 whichrequires the periodic removal of brush, themaintenance of firebreaks, and other similar activities. In

accordance with such law, Buyer is hereby informed that the Property is or is not within a designatedState Responsibility Area.

5. FIRE HAZARD. If the Property is located within an area designated as a Very High Fire Hazard Severity Zonepursuant to Government Code §51178 et seq, §51183.5 mandates that prospective purchasers be advised thatthe Property is located within such a zone and that the Property may be subject to variousmaintenance,design and/or construction requirements and/or restrictions. In accordance with such law, Buyer is hereby

informed that the Property is or is not within a designated Very High Fire Hazard Severity Zone.

6. AREA OF POTENTIAL FLOODING. If the Property is located within an area of potential flooding in the eventof the failure of a dam as shown on an inundation map designated pursuant to Government Code §8589.5,§8589.4 mandates that prospective purchasers be advised that the Property is located within such an area. In

accordance with such law, Buyer is hereby informed that the Property is or is not within a designatedarea of potential flooding.

7. FLOOD HAZARD AREAS. If the Property is located within a designated Federal Flood Hazard Area asdelineated on a map prepared by the Federal Emergency Management Agency, Federal law, ie. 42 U.S.C.§4104a, mandates that prospective purchasers be advised that the Property is located within an area havingspecial flood hazards and that flood insurancemay be required as a condition to obtaining financing. In

accordance with such law, Buyer is hereby informed that the Property is or is not within a designatedFederal Flood Hazard Area.

8. FLOOD DISASTER INSURANCE. If the Seller or Seller's predecessor-in-interest has previously receivedFederal flood disaster assistance and said assistance was conditioned upon obtaining andmaintaining floodinsurance on the Property, Federal law, ie. 42 U.S.C. §5154a, mandates that prospective purchasers be advisedthat they will be required to maintain such insurance on the Property and that if said insurance is notmaintained and the Property is thereafter damaged by a flood disaster, the purchaser may be required toreimburse the Federal Government for the disaster relief provided. Buyer is hereby informed that to the best

of the Seller's knowledge Federal flood disaster assistance has or has not been previously received withregard to the Property. Note: if such disaster assistance has been received, the law specifies that the requirednotice be "contained in documents evidencing the transfer of ownership".

9. WATER HEATER BRACING. If the Property contains one or more water heaters, Seller is required byCalifornia Health and Safety Code §19211 to certify to the Buyer that all such water heaters have been braced,strapped and/or anchored in accordance with law. Buyer is hereby advised that the required bracing,

strapping and/or anchors: have been installed have not been installed, or Seller does not knowwhether they have been installed.

10. PRESENCE OF MOLD. If the seller or transferor of property knows of the presence of mold that affects theproperty and the mold either exceeds permissible exposure limits or poses a health threat then Health andSafety Code §26140, et seq. mandates that prospective purchasers be advised in writing of suchmold. In

accordance with such law, Buyer is hereby informed that the undersigned does or does not know of thepresence of such mold effecting the Property.

11. TITLE INSURANCE. In the event that the Purchase Agreement does not at present provide that titleinsurance will be obtained, Buyer is strongly urged to consider purchasing such insurance, and, in accordancewith California Civil Code §1057.6, is advised as follows:

IMPORTANT: IN A PURCHASE OR EXCHANGE OF REAL PROPERTY, IT MAY BE ADVISABLE TO OBTAIN TITLEINSURANCE IN CONNECTION WITH THE CLOSE OF ESCROW SINCE THEREMAY BE PRIOR RECORDED LIENS ANDENCUMBRANCES WHICH AFFECT YOUR INTEREST IN THE PROPERTY BEING ACQUIRED. A NEW POLICY OF TITLEINSURANCE SHOULD BE OBTAINED IN ORDER TO ENSURE YOUR INTEREST IN THE PROPERTY THAT YOU AREACQUIRING.

12. HAZARDOUS SUBSTANCES. Seller is required by California Health and Safety Code §25359.7 to notifypotential buyers of the presence of any hazardous substance that Seller knows, or has reasonable cause to

believe, is located on or beneath the Property. In accordance with such law, Buyer is hereby notified that:Seller neither knows nor has reasonable cause to believe that any hazardous substance is on or beneath the

Property, or Seller knows or has reasonable cause to believe that the following hazardous substances areon or beneath the Property: .



13. OTHER.

PLEASE NOTE:

While the information contained in or attached to this Disclosure Statement is believed to be accurate as of thedate that it was prepared, the applicable laws and the areas covered by the various natural hazard zones, etc.can change from time to time. Prior to the close of escrow, Buyer may wish to again check the status of theProperty. Also, the city and/or county in which the Property is located may have established natural hazardzones in addition to those listed above. Buyer is advised to check with the appropriate local agency oragencies.

The descriptions contained within the above disclosure paragraphs are not intended to be full and completedissertations of all of the possible ramifications to the Buyer and/or the Property. In the event that thisdocument indicates that the Property is affected by one ormore of the disclosures, Buyer is advised to:

1. Review the applicable laws in their entirety.2. Seek advice of counsel as to the legal consequences of the items disclosed.3. Retain appropriate consultants to review and investigate the impact of said disclosures.

Likewise no representation or recommendation is made BY AIR CRE or by any broker as to the legalsufficiency, legal effect, or consequences of this document or the Purchase Agreement to which it relates.

Date:

SELLERKids from the Valley XIII, LLC

By:Name Printed: Steve NeedlemanTitle: Trustee of the Anjac Trust, It's SoleMember

Receipt of the above Seller's Mandatory Disclosure Statement is hereby acknowledged:

Date:

BUYERSimi Valley Uni ied School District

By:Name Printed: RonTodoTitle: SVUSD Associate Super Intendment



© 2017 AIR CRE. All Rights Reserved. AD-2.00, Revised 01-03-2017

DISCLOSURE REGARDINGREAL ESTATE AGENCY RELATIONSHIP

(As required by the Civil Code)

When you enter into a discussion with a real estate agent regarding a real estate transaction, you should fromthe outset understand what type of agency relationship or representation you wish to have with the agent inthe transaction.

SELLER'S AGENT ("Seller" includes both a vendor and a lessor)A Seller's agent under a listing agreement with the Seller acts as the agent for the Seller only. A Seller's agentor a subagent of that agent has the following affirmative obligations:To the Seller: A fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Seller.To the Buyer and the Seller:

(a) Diligent exercise of reasonable skill and care in performance of the agent's duties.(b) A duty of honest and fair dealing and good faith.(c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the

property that are not known to, or within the diligent attention and observation of, the parties. An agent is notobligated to reveal to either party any confidential information obtained from the other party that does notinvolve the affirmative duties set forth above.

BUYER'S AGENT ("Buyer" includes both a purchaser and a lessee)A selling agent can, with a Buyer's consent, agree to act as agent for the Buyer only. In these situations, theagent is not the Seller's agent, even if by agreement the agent may receive compensation for servicesrendered, either in full or in part from the Seller. An agent acting only for a Buyer has the following affirmativeobligations:To the Buyer: A fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Buyer.To the Buyer and the Seller:

(a) Diligent exercise of reasonable skill and care in performance of the agent's duties.(b) A duty of honest and fair dealing and good faith.(c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the

property that are not known to, or within the diligent attention and observation of, the parties.An agent is not obligated to reveal to either party any confidential information obtained from the other partythat does not involve the affirmative duties set forth above.

AGENT REPRESENTING BOTH SELLER AND BUYERA real estate agent, either acting directly or through one or more associate licensees, can legally be the agentof both the Seller and the Buyer in a transaction, but only with the knowledge and consent of both the Sellerand the Buyer.In a dual agency situation, the agent has the following affirmative obligations to both the Seller and the Buyer:

(a) A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either the Seller orthe Buyer.

(b) Other duties to the Seller and the Buyer as stated above in their respective sections.In representing both Seller and Buyer, the agent may not, without the express permission of the respectiveparty, disclose to the other party that the Seller will accept a price less than the listing price or that the Buyerwill pay a price greater than the price offered.

The above duties of the agent in a real estate transaction do not relieve a Seller or Buyer from theresponsibility to protect his or her own interests. You should carefully read all agreements to assure that theyadequately express your understanding of the transaction. A real estate agent is a person qualified to adviseabout real estate. If legal or tax advice is desired, consult a competent professional.

Throughout your real property transaction you may receive more than one disclosure form, depending uponthe number of agents assisting in the transaction. The law requires each agent with whom you have morethan a casual relationship to present you with this disclosure form. You should read its contents each time it ispresented to you, considering the relationship between you and the real estate agent in your specifictransaction. This disclosure form includes the provisions of Sections 2079.13 to 2079.24, inclusive, of theCivil Code set forth on page 2. Read it carefully. I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS



DISCLOSURE AND THE PORTIONS OF THE CIVIL CODE PRINTED ON THE BACK (OR A SEPARATE PAGE).

Buyer Seller Lessor Lessee ______________________________________ Date:

Buyer Seller Lessor Lessee ______________________________________ Date:

Agent: Lee &Associates LANorth/Ventura, Inc. BRE Lic. #: 01191898Real Estate Broker (Firm) (BUYER)

By: Mike Tingus, Grant Fulkerson, SIOR, Joel Kirschenstein BRE Lic. #: 01013724, 01483890,01377920 Date:

(Salesperson or Broker-Associate)Agent: KW Commercial Calabasas BRE Lic. #: 01872625Real Estate Broker (Firm) (SELLER)By: Ron Feder BRE Lic. #: 00983855 Date ____________(Salesperson or Broker-Associate)

NOTE:*When the listing brokerage company also represents Buyer/Lessee: The Listing Agent shall have one AgencyDisclosure form signed by Seller/Lessor and a second Agency Disclosure form signed by Buyer/Lessee.*When Seller/Lessor and Buyer/Lessee are represented by different brokerage companies: (i) the ListingAgent shall have one Agency Disclosure form signed by Seller/Lessor and (ii) the Buyer's/Lessee's Agent shallhave one Agency Disclosure form signed by Buyer/Lessee and either that same or a different Agency Disclosureform presented to Seller/Lessor for signature prior to presentation of the offer. If the same form is used,Seller/Lessor may sign here:

________________________________________________________________ Date: _______________________________Seller/Lessor___________________________________________________________________ Date:____________________________________Buyer/LesseeTHIS FORMHAS BEEN PREPARED BY AIR CRE. NO REPRESENTATION ISMADE AS TO THE LEGAL VALIDITY ORADEQUACY OF THIS FORM FOR ANY SPECIFIC TRANSACTION. PLEASE SEEK LEGAL COUNSEL AS TO THEAPPROPRIATENESS OF THIS FORM.



DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIPCIVIL CODE SECTIONS 2079.13 THROUGH 2079.24 (2079.16 APPEARS ON THE FRONT)

2079.13 As used in Sections 2079.14 to 2079.24, inclusive, the following terms have the followingmeanings:(a) "Agent" means a person acting under provisions of Title 9 (commencing with Section 2295) in a real

property transaction, and includes a person who is licensed as a real estate broker under Chapter 3(commencing with Section 10130) of Part 1 of Division 4 of the Business and Professions Code, and underwhose license a listing is executed or an offer to purchase is obtained. (b) "Associate licensee" means aperson who is licensed as a real estate broker or salesperson under Chapter 3 (commencing with Section10130) of Part 1 of Division 4 of the Business and Professions Code and who is either licensed under a brokeror has entered into a written contract with a broker to act as the broker's agent in connection with actsrequiring a real estate license and to function under the broker's supervision in the capacity of an associatelicensee. The agent in the real property transaction bears responsibility for his or her associate licensees whoperform as agents of the agent. When an associate licensee owes a duty to any principal, or to any buyer orseller who is not a principal, in a real property transaction, that duty is equivalent to the duty owed to thatparty by the broker for whom the associate licensee functions. (c) "Buyer" means a transferee in a realproperty transaction, and includes a person who executes an offer to purchase real property from a sellerthrough an agent, or who seeks the services of an agent in more than a casual, transitory, or preliminarymanner, with the object of entering into a real property transaction. "Buyer" includes vendee or lessee. (d)"Commercial real property" means all real property in the state, except single-family residential real property,dwelling units made subject to Chapter 2 (commencing with Section 1940) of Title 5, mobilehomes, as definedin Section 798.3, or recreational vehicles, as defined in Section 799.29. (e) "Dual agent" means an agentacting, either directly or through an associate licensee, as agent for both the seller and the buyer in a realproperty transaction. (f) "Listing agreement" means a contract between an owner of real property and anagent, by which the agent has been authorized to sell the real property or to find or obtain a buyer. (g) "Listingagent" means a person who has obtained a listing of real property to act as an agent for compensation. (h)"Listing price" is the amount expressed in dollars specified in the listing for which the seller is willing to sell thereal property through the listing agent. (i) "Offering price" is the amount expressed in dollars specified in anoffer to purchase for which the buyer is willing to buy the real property. (j) "Offer to purchase" means awritten contract executed by a buyer acting through a selling agent that becomes the contract for the sale ofthe real property upon acceptance by the seller. (k) "Real property" means any estate specified by subdivision(1) or (2) of Section 761 in property that constitutes or is improved with one to four dwelling units, anycommercial real property, any leasehold in these types of property exceeding one year's duration, andmobilehomes, when offered for sale or sold through an agent pursuant to the authority contained in Section10131.6 of the Business and Professions Code. (l) "Real property transaction" means a transaction for the saleof real property in which an agent is employed by one or more of the principals to act in that transaction, andincludes a listing or an offer to purchase. (m) "Sell," "sale," or "sold" refers to a transaction for the transfer ofreal property from the seller to the buyer, and includes exchanges of real property between the seller andbuyer, transactions for the creation of a real property sales contract within the meaning of Section 2985, andtransactions for the creation of a leasehold exceeding one year's duration. (n) "Seller" means the transferor ina real property transaction, and includes an owner who lists real property with an agent, whether or not atransfer results, or who receives an offer to purchase real property of which he or she is the owner from anagent on behalf of another. "Seller" includes both a vendor and a lessor. (o) "Selling agent" means a listingagent who acts alone, or an agent who acts in cooperation with a listing agent, and who sells or finds andobtains a buyer for the real property, or an agent who locates property for a buyer or who finds a buyer for aproperty for which no listing exists and presents an offer to purchase to the seller. (p) "Subagent" means aperson to whom an agent delegates agency powers as provided in Article 5 (commencing with Section 2349) ofChapter 1 of Title 9. However, "subagent" does not include an associate licensee who is acting under thesupervision of an agent in a real property transaction.

2079.14 Listing agents and selling agents shall provide the seller and buyer in a real property transactionwith a copy of the disclosure form specified in Section 2079.16, and, except as provided in subdivision (c), shallobtain a signed acknowledgement of receipt from that seller or buyer, except as provided in this section orSection 2079.15, as follows: (a) The listing agent, if any, shall provide the disclosure form to the seller prior toentering into the listing agreement. (b) The selling agent shall provide the disclosure form to the seller as soonas practicable prior to presenting the seller with an offer to purchase, unless the selling agent previouslyprovided the seller with a copy of the disclosure form pursuant to subdivision (a). (c)Where the selling agentdoes not deal on a face-to-face basis with the seller, the disclosure form prepared by the selling agent may befurnished to the seller (and acknowledgement of receipt obtained for the selling agent from the seller) by thelisting agent, or the selling agent may deliver the disclosure form by certified mail addressed to the seller at hisor her last known address, in which case no signed acknowledgement of receipt is required. (d) The selling



agent shall provide the disclosure form to the buyer as soon as practicable prior to execution of the buyer'soffer to purchase, except that if the offer to purchase is not prepared by the selling agent, the selling agentshall present the disclosure form to the buyer not later than the next business day after the selling agentreceives the offer to purchase from the buyer.

2079.15 In any circumstance in which the seller or buyer refuses to sign an acknowledgement of receiptpursuant to Section 2079.14, the agent, or an associate licensee acting for an agent, shall set forth, sign, anddate a written declaration of the facts of the refusal.2079.16 Reproduced on Page 1 of this form.2079.17 (a) As soon as practicable, the selling agent shall disclose to the buyer and seller whether the sellingagent is acting in the real property transaction exclusively as the buyer's agent, exclusively as the seller's agent,or as a dual agent representing both the buyer and the seller. This relationship shall be confirmed in thecontract to purchase and sell real property or in a separate writing executed or acknowledged by the seller, thebuyer, and the selling agent prior to or coincident with execution of that contract by the buyer and the seller,respectively. (b) As soon as practicable, the listing agent shall disclose to the seller whether the listing agent isacting in the real property transaction exclusively as the seller's agent, or as a dual agent representing both thebuyer and seller. This relationship shall be confirmed in the contract to purchase and sell real property or in aseparate writing executed or acknowledged by the seller and the listing agent prior to or coincident with theexecution of that contract by the seller.(c) The confirmation required by subdivisions (a) and (b) shall be in the following form.

(d) The disclosures and confirmation required by this section shall be in addition to the disclosure required bySection 2079.14.2079.18 No selling agent in a real property transaction may act as an agent for the buyer only, when theselling agent is also acting as the listing agent in the transaction.2079.19 The payment of compensation or the obligation to pay compensation to an agent by the seller orbuyer is not necessarily determinative of a particular agency relationship between an agent and the seller orbuyer. A listing agent and a selling agent may agree to share any compensation or commission paid, or anyright to any compensation or commission for which an obligation arises as the result of a real estatetransaction, and the terms of any such agreement shall not necessarily be determinative of a particularrelationship.2079.20 Nothing in this article prevents an agent from selecting, as a condition of the agent's employment, aspecific form of agency relationship not specifically prohibited by this article if the requirements of Section2079.14 and Section 2079.17 are complied with.2079.21 A dual agent shall not disclose to the buyer that the seller is willing to sell the property at a priceless than the listing price, without the express written consent of the seller. A dual agent shall not disclose tothe seller that the buyer is willing to pay a price greater than the offering price, without the express writtenconsent of the buyer. This section does not alter in any way the duty or responsibility of a dual agent to anyprincipal with respect to confidential information other than price.2079.22 Nothing in this article precludes a listing agent from also being a selling agent, and the combinationof these functions in one agent does not, of itself, make that agent a dual agent.2079.23 (a) A contract between the principal and agent may bemodified or altered to change the agencyrelationship at any time before the performance of the act which is the object of the agency with the writtenconsent of the parties to the agency relationship.

(b) A lender or an auction company retained by a lender to control aspects of a transaction of realproperty subject to this part, including validating the sales price, shall not require, as a condition of receivingthe lender's approval of the transaction, the homeowner or listing agent to defend or indemnify the lender orauction company from any liability alleged to result from the actions of the lender or auction company. Anyclause, provision, covenant, or agreement purporting to impose an obligation to defend or indemnify a lenderor an auction company in violation of this subdivision is against public policy, void, and unenforceable.

2079.24 Nothing in this article shall be construed to either diminish the duty of disclosure owed buyers andsellers by agents and their associate licensees, subagents, and employees or to relieve agents and theirassociate licensees, subagents, and employees from liability for their conduct in connectionwith acts governedby this article or for any breach of a fiduciary duty or a duty of disclosure.


EXHIBIT A

LEGAL DESCRIPTION

Lot 9 of Tract No. 3994, in the City of Simi Valley, County of Ventura, State of California, filed

in Book 103 Pages 37 to 40 inclusive of Maps, in the Office of the County Recorder of said County

shown as Parcel B of Lot Line Adjustment No. LLA-95-12 recorded June 12, 1996 as Instrument

No. 96-079662, of Official Records.

APNs: 579-0-061-305, 579-0-061-315

[to be confirmed by title company]

EXHIBIT B

ASSIGNMENT AND BILL OF SALE

This Assignment and Bill of Sale (this “Assignment”) is made as of __________ __, 2017

by KIDS FROM THE VALLEY XIII, LLC, a California limited liability company,

(“Assignor”), in favor of SIMI VALLEY UNIFIED SCHOOL DISTRICT, a political

subdivision of the State of California (“Assignee”).

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of

which are hereby acknowledged, Assignor hereby sells, conveys, grants, delivers, transfers and

assigns to Assignee, without representation or warranty of any kind whatsoever, all of Assignor’s

right, title and interest in, to and under any and all of the following items, to the extent that they

are related to that certain Property located in the County of Ventura, State of California, which is

more particularly described in Exhibit 1 attached hereto and incorporated herein by this reference

(“Property”):

(a) All governmental zoning, use, occupancy and operating permits, development

agreements and entitlements, and all other government permits, licenses, approvals and certificates

obtained in connection with the Property;

(b) All plans and specifications for buildings, structures and fixtures located on the

Property, whether existing or anticipated; and

(c) All the personal property, including the furniture, fixtures, and equipment, which

is located on the Property and listed on Exhibit 2 attached hereto and incorporated herein by this

reference.

The provisions of this Assignment shall be binding upon and shall inure to the benefit of

the successors and assigns of Assignor and Assignee, respectively.

KIDS FROM THE VALLEY XIII, LLC,

a California limited liability company

By:

Steve Needleman, manager

“Transferor”

EXHIBIT “1” TO ASSIGNMENT AND BILL OF SALE

LEGAL DESCRIPTION OF PROPERTY

(APNs: 579-0-061-305 & 579-0-061-315)





APNs: 579-0-061-305, 579-0-061-315

[To be confirmed by title company]

EXHIBIT “2” TO ASSIGNMENT AND BILL OF SALE

FURNITURE, FIXTURES AND EQUIPMENT

ANJACStudiosWestEquipmentList

5/19/16

Page1of21

DESCRIPTION MANUFACTURER MODEL# QUANTITY

MOTORIZEDGRIDHoists**250lbsCapacityEach Desisti 8500 46Hoists(CYC) Desisti 8750 6HoistControlModule Desisti 1computercontrolmissing

LIGHTINGEQUIPMENTDimmers(StageA&B) EntertainmentTech IPS-DS-2403 88Dimmers(StageA&B) EntertainmentTech IPS-SS-DMX 26Computer Dell Optiplex760 1w/HorizonLightingSoftware24SubmasterConsole Horizon 1

CAMERAEQUIPMENTCameras Sony HDC1500 3CameraViewfinders Sony HDVF-C950W 3StudioLensHDDigi2 Fujinon XA22x7 315"Teleprompter Boland AMTFTLCD 3Pedestals Vinten 3

AUDIOEQUIPMENT16Ch.XLRBoxtoFanout Conquest 124Ch.XLRBoxtoFanout Horizon 2

RACKEDGEARIntercomPowerSupply RTS PS-10RM 11x5IntercomSplitter RTS TW5W 14Wireto2WireConverter RTS SSA-424 2Amplifier Hafler P1000 2

DRAPESCyclorama24'8"Hx190'W 1BlackCurtain 2pc***FireCertificatesPostedonStageWall***

STAGE'A'


5/19/16

Page2of21


MONITORWALL13"ColorTV Sony PVM-14M4U 19"Black&WhiteMonitors Ikegami PM-909 169"ColorMonitors Sony PVM-8045Q 4HDMonitors MarshallElectronics V-R201-IMD-TE 340"TV Sony KDL-40Z4100 1UnderMonitorTallyDisply TSL 4VideoPatchbays Bittree 4DA's GrassValley 8900 1Speakers Tannoy System12,DMTII 2Amplifier Mackie M-800 1

TABLESSwitcher Sony MKS-2017 1CG Chyron 1ScanDoUltra Comm.Specialties 1274 1Intercom RTS KP96-7 8

TELEPROMPTERCONTROLDesktopComputerWinXP Dell Dimension2300 119"Monitor Dell 19"B&WMonitor Ikegami PM9-5A 1WinCueSoftwarev1.3 1Speaker Yamaha MS20S 1

MISCELLANEOUSHDSDItoHDMIConverter AJA HI5 1

Symetrix 308 2OfficeChairs 9

ESE 161UP 2

CONTROLROOM'A'


5/19/16

Page3of21


CONSOLE40Ch.w/PowerSupply Allen&Heath GL4000 1

SPEAKERS&AMPSPlaybackMonitors KRK 7000B 2Amplifier Hafler P1000 1

MONITORS13"ColorMonitor Sony PVM-1341 113"Monitor Sony PVM-14M4U 19"ColorMonitor Sony PVM-8045Q 2AudioLevelMonitor Dorrough 1

AUDIOPROCESSORS&EFXWordClockDistripalyzer BrainstormElectronics DCD-8 1Equalizer DBX 1231 1EFX Lexicon MPX550 1EFX Yamaha SPX900 1

PLAYBACKMini-DiskPlayer Tascam MD-301MKII 1CDPlayer Tascam CD-160 1

MICROPHONESDynamicMics AKG C500 5WirelessLavMics Variety(PinnedforLectrosonics) 11WiredLavMics Variety 8WirelessReceiverUnit Lectrosonic VR 1WirelessTransmitter Lectrosonic SMA 3WirelessTransmitter Lectrosonic UM400a 1WirelessTransmitter Lectrosonic UM400 2

INTERCOMComStation RTS KP96-7 1

MISCELLANEOUSAudioPatchBays Bittree 11AudioDA GrassValley 8500 2PhoneHybrid Gentner DH22 1

CONTROLROOM'A'AUDIO


5/19/16

Page4of21


LIGHTINGEQUIPMENTDimmers(StageA&B) EntertainmentTech IPS-DS-2403 88Dimmers(StageA&B) EntertainmentTech IPS-SS-DMX 26Computer Compaq Pressario 1w/HorizonLightingSoftware24SubmasterConsole Horizon 1

RACKEDGEARWirelessComBaseStation Telex BTR-200II 1WirelessComPacks Telex TR-200 2Amplifier Hafler P1000 1Intercom RTS KP95-0 1

AUDIO24Ch.XLRBoxtoFanout Horizon 2

DRAPESCyclorama20'9"Hx105'W 1BlackCurtain 3pc.***FireCertificatesPostedonStageWall***

BlueScreen16'Hx20'W 1GreenScreen30'Hx40'Whungontravelertrack 1FramedGreenScreen6'Hx10'WFRAMED 14'x8'GreenPaintedPlywoodPanels 9

INTERCOMSWiredCom RTS BP-300 1WiredCom RTS BP-325 1

TELEPROMPTERDesktopComputerWinXP Dell Dimension2300 119"Monitor Dell 19"B&WMonitor Ikegami PM9-5A 1WinCueSoftwarev1.3 1

STAGE'B'


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AudioPatchBays Bittree 11AudioDA GrassValley 2Amplifier Hafler P1000 1

LazyBoySwivel&RecliningChairs 450"TV Sharp 15.1SurroundReceiver Pioneer 1


LADDERS&LIFTS14'WoodStudioA-Frame 112'WoodStudioA-Frame 110'WoodStudioA-Frame 132'ScissorLift JLG 1932-E3 1

INTERCOMWirelessBaseStation Telex BTR-300 1WirelessBeltpacks Telex TR-300 4

MONITORS50"Plasmaw/Stand Panasonic TH-50PHD3U 137"Monitor Vizio 1

MISCELLANEOUSFoldingChairs Metal 32MusicStands Variety 12MicrophoneStands Variety 10DirectorsStands 2


CONSOLEDigiDesignD-CommandES24Faderw/X-Mon 1

5.1ENTERTAINMENTROOM

STAGE'A&B"SHAREDGEAR

RECORDINGSTUDIOA

CONTROLROOM'B'AUDIO


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COMPUTERHARDWAREMacPro4Core2.66GHz,12GBram.HDCorew/4AccelCards 13xInternal250GBHardDrivesProTools10.3.624bitI/O8x8x8 DigiDesgn 192 223"Monitors Viewsonic 2DecklinkHDExtremeIIIPCIeforvideoPlayback 1SyncI/OforProTools Aardvark AardSyncII 1toVideoBlackBurstPLUG-INSMassivePack5.0PitchnTime2DigiDesignBundleFocusriteD2,D3AmpFarmMCDSPFilterbankandCompressorbankUniversalAudioSmartcodeProDolbyDigitalDigitranslator2.0MachineComntrolSoftwareWavesPlatinumBundle9DINRReVibeReverbOnePitchDoctor

CONTROLROOMSPEAKERSMains-Dual15"Coaxial Tannoy DMTII 2Nearfield8"CoaxialL&R Tannoy System800 2MiniNearfieldL&R Avantone Mixcube 2Center8"Coaxial Tannoy System800A 1Surround8"CoaxialL&R Tannoy System800 2Subwoofer Tannoy PS350B 1

AMPLIFIERSMains Bryston 7BST 2Nearfield Hafler P4000 1MININearfield Hafler P1000 1Surround Halfer P4000 1StudioCue Hafler P1000 3

OUTBOARDGEAR RACK1:EFXProcessor TCElectronics M3000 1EFXSystem Lexicon 300 1


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BluRayPlayer CambridgeAudio Azur650BD 1CDPlayer Sony CDP-D11 1LevelInterface Aphex 228 1PowerConditioner MidAtlantic PD-915R 2

RACK2:PowerConditioner MidAtlantic PD-915R 2A/D-D/A Apogee PSX-100 148Bit96kHzUltramaximizer Waves L2 1MicPreAmp Focusrite ISA-110 2MicPreAmp API 3124m+ 1Compressor EmpiricalLabs DistressorEL8 2StereoCompressor DBX 162 1StereoCompressor UREITectronix LA-3A 1DA Aardvark SyncDA 1

RACK3:PatchBays BittreePatchBays XLR

LIVEROOMMonitors Yamaha NS-10M 2


CONSOLEDigiDesignPro-ControlEditPackw/3FaderWings 1

COMPUTERHARDWAREMacPro8Core2.8GHz,10GBram.HDCorew/3ProcessCards 12xInternalSeagateSATAII250GBHardDrivesProTools10.0.124bitI/O8x8x8 DigiDesgn 192HD 224"Monitors Viewsonic 2DecklinkHDExtremeIIIPCIeforvideoPlayback 16slotPCIe-PCIxExpansionChas. Magma PE6R4 1SYNCI/OforProToolsPLUG-INSMassivePack5.0PitchNTimeDigiDesignBundle

RECORDINGSTUDIOB


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FocusriteD2,D3AmpFarmMCDSPFilterbankandCompressorbankUniversalAudioSmartcodeProDolbyDigitalDigitranslator2.0MachineComntrolSoftwareWavesPlatinumBundle9DINRReVibeReverbOnePitchDoctor

CONTROLROOMSPEAKERSMains-Dual15"Coaxial Tannoy DMTII 2Nearfield8"CoaxialL&R Tannoy System800 2

AMPLIFIERSMains Bryston 7BST 2Nearfield Fostex 300 1StudioCue Hafler P1000 3

37"LCD Sharp 1

OUTBOARDGEAR RACK1:MicPreAmp Focusrite ISA-110 6MicPreAmp API 3124m+ 2MicPreAmp TrueSystems Precision8 1MicPreAmp Daking IV 124BitA/D-D/A Apogee PSX-100 1PowerConditioner MidAtlantic PD-915R 1

RACK2:StereoCompressor UREITectronix LA-3A 1Compressor EmpiricalLabs DistressorEL8 1Compressor DBX 160 4CDPlayer Sony CDP-D11 1Gates Aphex 9621 2ParametricEQ Aphex 9901A 4ParametricEQ DBX 905 4

AMPRACK:DistributionAmp Symetrix 581E 1CueAmps Hafler P1000 3


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StudioSpeaker Hafler P1000 1Amps Hafler P1000 2

LIVEROOMMonitors Yamaha NS-10M 2Piano Yamaha C7 1

DIGITALROUTING64x64DigitalRouter Z-Systems 1WordClock Apogee BigBen 1Sync


SOUNDCLOSETTubeMic Neumann KM56 1TubeMics Neumann KM254 2CondenserMics Neumann KM140 2OmniCapsules Neumann KM150 2CondenserMics(FET) Neumann U87 3RibbonMics Royer R-121 2CondenserMics MicrotechGeffel UM70S 4CondenserMics AKG C414-TLII 2DynamicMic AKG D112 1DynamicMic Electrovoice RE27 1DynamicMic Sennheiser MD-421 2DynamicMic Shure SM57 8TubeMic Sony C57 1FETMic Langevin CR3A 4

MISCELLANEOUSRandomlengthsofXLRcablesTT-TRSTT-XLRFTT-XLRMTT-TTHeadphones Sony MD-7509 6

MicrophoneStands Variety 14

AUDIOGEAR


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TAPEMACHINERACK setupformobility8trackTapeRecorder Tascam DA-78HR 18TrackRecorder Tascam DA-88 1TDIFtoAESConverter Tascam IF-AE8HR 3RemoteControlUnit Tascam RC-898 1


ISO1NOGEAR

ISO2StudioMonitors Yamaha NS-10M 2

ISO3Mobile8trackrack


MONITORS23" Samsung XL237 126" Panasonic BT-LH2600W 113" Sony PVM-1354Q 213" Sony PVM-1341 119" Sony PVM-1954Q 124" Gateway LP2407 1

Viewsonic 1Waveform Tektronix 1730 1Vectorscope Tektronix 1720 1LoudnessMonitor Dorrough 1

COMPUTERMacPro12Core,4GBMemory1x250GBHardDrive1x1TBHardDrive

EDITROOM1

AUDIOGEAR

ISOROOMS


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Intercom RTS KP95-0 1

AUDIO8"Coaxial Tannoy System800 2Amplifier Mackie M800 1

MISCELLANEOUSHDSDItoDVI-DConverter AJA 1HDSDItoHDMIConverter AJA 1InterfaceAmp Matchbox 1

Avogent AMX5111 3


MONITORS27" Samsung P2770 29" Ikegami 1

COMPUTERMacPro12Core,1x1TBHardDrive1x2TBHardDriveXDCAMHD Sony PDW-U1 1

AUDIONearfields EV Sentry100A 2Mixer Behringer EurorackUB502 1Amplifier QSC 3200 1



MONITORS24" Boland 127" Samsung P2770 2

XDCAMHD Sony PDW-U1 1

EDITROOM2

EDITROOM3


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AUDIONearfields Tannoy System800 2Mixer Behringer XenyxS02 1Amplifier Mackie M-800 1Intercom RTS KP95-0 1


MONITORS27" Samsung P2770 214" Sony PVM-14M2U 0

COMPUTERMacPro8Core,16GBMemory1x1TBHardDrive1x750GBHardDrive

AUDIONearfields EV Sentry100A 2Mixer Behringer XenyxS02 1Amplifier Hafler P-1000 1

Intercom RTS KP95-0 1IntercomBuscuit RTS 1

Patchbay Bittree 1


MONITORS HewlittPackard LP2480ZX 124"

COMPUTERMacPro

EDITROOM4

EDITROOM5


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AUDIONearfields EV Sentry100A 2Mixer Behringer XenyxS02 1Amplifier QSC 1100 1



MONITORS27" Samsung P2770HD 2

COMPUTERSMacMini 2

GRAPHICSScanner Epson 2450Photo 1

DESCRIPTION MANUFACTURER MODEL# QUANTITYMasterClock ESE ES-185A 2MasterClock ESE ES-102 1TimeCodeGenerator FastForwardVideo F21 1HDMonitor Marshall V-R171-IMD-HDSD 1WaveformMonitorScope Hamlet 9000 1AudioMonitor Wohler VMMDA-1 1Router Envision LP1604 1Intercom RTS KP96-7 1VideoAmplifier GrassValley 1VTR-XDCAM Sony PDWHD1500 2VTR-D2 Sony DVR20 1VTR-BetaS/P Sony PVW2800 1

SCHMeter GrassValley 3258SC/H 114"Monitor Ikegami TM14-17R 1 -1Waveform Tektronix 1730 1 -1Vectorscope Tektronix 1720 1 -1RoutingSwitcher Videotek RS12A 1 -2

GRAPHICSROOM

MACHINEROOM-RACK1

RACK2


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AudioMonitor Videotek APM200 1 -2VTR-HDCAM Sony HDW2000 1VTR-DVCPro Panasonic AJ-HD1400 1VTR-BetaS/P Sony UVW1800 1VTR-BetaSX Sony DNW-A75 1 -1

16x16Router Blackmagic HDSDI/SDI 1ButtonStrip Blackmagic HDSDI/SDI 1InterfaceAmp Symentrix 303 1VideoPatchBays Bittree 4FrameSync AJA FS1 1FrameSync Harris X50 5FrameSync Leitch DPS475 4Splitter/Mixer Rane SM26B 1CaptionEncoder EEG EN470 2MultiBandPeakLimiter Aphex 720 1VTR-DVCAM Sony DSR2000 1VTR Sony VD-5800 1

DESCRIPTION MANUFACTURER MODEL# QUANTITYVideoPatchbay Bittree 5CaptionEncoder Evertz HD9084 1ComponentPatchBay Bittree 4TBCControlPatchBay ADC 1SDIpatchbay ADC 1Converters Miranda 2VideoDA GrassValley 5

GrahamPattenSoundPals 3VideoPatchBays Bittree 14VideoPatchBays ADC 4

AudioDA's Sigma 3AudioPatchBays ADC 3AudioPatchBays Bittree 17AudioDA GrassValley 1

RACK5

RACK6

RACK3

RACK4


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14"Monitor Ikegami TM14-17R 1AgileModulator Harris HMA-500H 2RoutingSwitcher Videotek RS-12A 1AudioMonitor Videotek APM-200 1Waveform Tektronix 1745A 1Vectorscope Tektronix WFM601A 1VideoStereoSwitcher Sigma VSS-12 2StandardsConvertor Snell&Wilcox CVR-600 1StandardsConvertor Snell&Wilcox CVR-450 1

DESCRIPTION MANUFACTURER MODEL# QUANTITYAudioDA GrassValley 1SDI/Component AJA D10CEA 2Compellor APHEX 320A 1VTR-DVCAM Sony DSR-1800 1VTR-DVCAM Sony DSR-80 2DVDRecorder/Player LiteOn LVW-5115GHC 2DVDRecorder/Player Panasonic DMP-BD605 1VHSDeck JVC 1VHSDeck Panasonic 1

GrassValley TENXL 1Leitch Xpress 1

DVProject Glyph 1VideoPatchBay Bittree 2VideoFileServer Tektronix PDR200 1RAIDStorage Tektronix PRS200A 1

UnderMonitorDisplayControl SC-11 1VideoPatchBay Bittree 5

AJA 1MultiFormatSwitcherProcesser Sony MFS-2000 1MicroX Chryon 1PCTower(Scheduler) 1PCTower(Timekeeper) 1

RACK12

RACK7

RACK8

RACK11


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DESCRIPTION MANUFACTURER MODEL# QUANTITYVideoDA GrassValley 3VideoDA GrassValley 8900Series 1VideoDA GrassValley 1VideoPatchBay Bittree 1Server(16x500GBHD) 1Server(24x750GBHD) 1Server(24x500GBHD) 1PCTower(Utility) 2

ComponentDigitalSyncGen. Tektronix SPG422 1PALSyncGenerator Tektronix SPG271 14:2:2StandardsGenerator Snell&Wilcox CUR45D 119"Monitor Advueu 1

Dell 2161DS 1SERVER(Engine) Dell 1PCTower(Caption) 1MacProFTPServer 1

IntercomTelex RTS TIF951 1MultiformatMonitor Videotek VTM300 1DigitalAudioMatrix RTS AdamCS 1AudioMatrix GrassValley 20TEN 2InterfaceAmp Symetrix 303 1

15"Monitor Sharp 1MicroVideoHub Blackmagic 1ON-Air X-System 1

RACK13

RACK14

RACK15

RACK16


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DESCRIPTION MANUFACTURER MODEL# QUANTITY14"ColorMonitor Ikegami TM14-80R 1Waveform Tektronix 1730 1VectorScope Tektronix 1720 1DualTBCRemote BCEngineering 1Switcher Videotek RS-12A 1InterfaceAmp Videotek APM200 1Switcher 1ON-Air X-Systems 1

VTR Thompson TTV3452N 2VTR-BETACAMSX Sony DNW-A75 1UtilityServer 1WEBServer 1UtilityServer 1

AudioDA GrassValley 1PlatinumSwitcher Harris 1VideoDA GrassValley 8900Series 1PCTower(Utility) Dell 1

VideoPatchBay Bittree 3XYSwitcher Harris 1VideoPatchBay Bittree 6PCTower(AirClient) 1PCTower(TransferMonitor) 1

DESCRIPTION MANUFACTURER MODEL# QUANTITYMediaPlatform NEXIO 3SERVER(24x600GBHD) 1PCTower(Flip1) 1PCTower(Flip2) 1

MACHINEROOMRACK17

RACK18

RACK19

RACK20

RACK21


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Dell PowerEdge1950 3DeviceController Harris HClass 2Server(4x250GBHD) Harris 6

Server(16x1TBHD) PromiseTechnologyINC VTrakEClass 4


MONITORS47" LG 47LK520 240" Sharp LC40674 121" Gateway 418" Advueu 315" Sharp 1014" Sony PVM-14M2U 1MultiFormatMonitor Videotek VTM300 1

VTRMACHINESVTR--DVCAM Sony DSR2000 1RemoteTBCControlPanel Ensemble TC400D 1VTR--IMX Sony MSW-M2000 1VTRController DNFControls ST100 1RemoteTBCControlPanel BCEngineering 1ButtonStrip GrassValley 2Router GrassValley 1X/YPanel Harris ABA1EXYP 1

Speakers Edirol 2

SlaveClocks Leitch 7


LIGHTING2KJuniors MoleRichardson Type412 885KSeniors MoleRichardson Type415 4

RACK22

RACK23

MASTERCONTROL

SOUNDSTAGEEQUIPMENT


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5KBabySeniors MoleRichardson Type4191 410KBabyTenor MoleRichardson Type4181 11KBaby MoleRichardson Type407 10650WTweenie MoleRichardson Type4821 4MiniMole MoleRichardson Type2801 51KMickeyMole MoleRichardson Type4081 16KMightyMole MoleRichardson Type4091 61KBabySoftlite MoleRichardson Type2581 112KBabySoftlite MoleRichardson Type2591 102KSoftlite MoleRichardson Type2561 14KSfotlite MoleRichardson Type2571 38KSoftlite MoleRichardson Type2621 2SkyPan MoleRichardson Type245 6Scoop MoleRichardson Type8181 61LiteFay MoleRichardson Type5711 26LiteFay MoleRichardson Type5591 29LiteFay MoleRichardson Type5541 33LiteCycStrip MoleRichardson Type3331 496LiteCycStrip MoleRichardson Type3361 29Leko36degree ETC SourceFour 16Leko50degree ETC SourceFour 3Leko26degree ETC SourceFour 3

GRIPEQUIPMENTC-Stands-40" American 10C-Stands-baby American 5ComboStands American 4MomboCombow/Wheels American 2Standsw/Wheels American 3Stands-babyw/Wheels American 4Stands-baby American 3AdjustableHangerw/Stirrup American/Mole 38AdjustableHangerw/Stirrup MoleRichardson 4AdjustableHangerw/Stirrup MoleRichardson 2PipeClamptoStirrup 5CardelliniClamp 4MayferClamp 9DuckbillClamp 2Goboto5/8pin 5GobotoPipeClamp 15/8"PinCoupler 5


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GRIPEQUIPMENTCont'dBabyOffsetArm 56"Riserto5/8Pin 512"Riserto5/8Pin 5Juniorto5/8Adapter 58"C-Clampto5/8 48"C-ClamptoJunior 4GoboArms 12GoboHeads 11#2GripClips 60#1GripClips 6BabyPlates 3Baby45degreePlate 3Plates-Various 7JuniorPlates 2JuniorOffsetArms 4AppleBoxes Full 6AppleBoxes Half 6AppleBoxes Quarter 8Sandbags 3818"x24"SingleNets 518"x24"DoubleNets 518"x24"Silks 218"x24"CeloCucoloris 418"x24"Flags 624"x36"SingleNets 824"x36"DoubleNets 824"x36"Silks 224"x36"Flags 624"x36"CeloCucoloris 424"x36"WoodenCucoloris 112"x18"Flags 612"x18"Silks 46"x18"Cutter 124"x36"T-Flags 1224"x48"T-Flags 1110"x48"Cutter 324"x48"Cutter 224"x60"Cutter 224"x72"Cutter 248"x48"FlopFlag 648"x48"Silk 248"x48"EmptyFrame 2


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GRIPEQUIPMENTCont'd6'x6'Frame 16'x6'Silk 16'x6'SingleNet 16'x6'DoubleNet 1MilkCrateCart 2HeadCart 1SandbagCart 1GatorGrip/Clamp 4MegaClaw 2CBoomClamp 2Pipeclampw/babyspud 25C-Clampw/Grippage(meatax) 30MoleGatorLite Mole 4

StagepintoEdisonAdapters 44EdisontoStagepin 12Dimmers-600W 6Hubbleto3ferStsagepin 1560ampFusedStagepinto60amp2ferstagepin 1060ampStagepinto20amp3ferstagepin 320ampFusedStagepinto20amp2ferStagepin 2120ampStagepinto20amp2ferStagepin 22100ampAdapters-variety 560ampStagepintoEdisonBreakoutBox 8BreakoutBox MoleRichardson Type5991 1CheesboroSwivelClamp 48

ScrimCart 1

CableCart 2

varietyofsingles,doubles,halfsingle&halfdoubleforavarietyoflights

varietyofHubbell,60AmpStagepin,20AmpStagepin.Varietyoflengths5'-50'

EXHIBIT C

GRANT DEED

RECORDING REQUESTED BY

AND WHEN RECORDED, MAIL TO:

Simi Valley Unified School District

875 E. Cochran Street

Simi Valley, California 93065

Attention: Ron Todo, Assoc. Superintendent

Transfer Tax Not Applicable: R&T Code 11922

Exempt from Recording Fees: Gov. Code 27383

APNs: 579-0-061-305 & 579-0-061-315 Space Above for Recorder's Use Only

GRANT DEED

FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged,

KIDS FROM THE VALLEY XIII, LLC, a California limited liability company, does hereby

grant to SIMI VALLEY UNIFIED SCHOOL DISTRICT, a political subdivision of the State of

California, the real property described on Exhibit “1” attached hereto and incorporated herein by

reference, together with all appurtenant improvements, rights, easements, tenements and estates.

Dated: _____________, 2017_

KIDS FROM THE VALLEY XIII, LLC,

a California limited liability company

By:

Steve Needleman, manager

EXHIBIT “1” TO GRANT DEED

LEGAL DESCRIPTION OF PROPERTY

(APNs: 579-0-061-305 & 579-0-061-315)





APNs: 579-0-061-305, 579-0-061-315

[To be confirmed by title company]

ACKNOWLEDGMENT

A notary public or other officer completing this certificate verifies only the identity of the

individual who signed the document to which this certificate is attached, and not the truthfulness,

accuracy, or validity of that document.

STATE OF CALIFORNIA }

}S.S.

COUNTY OF __________________}

On 201 , before me, , a Notary

Public in and for said County and State, personally appeared,

, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s)

is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the

same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the

instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the

instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the

foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature:

(Notary Seal)

EXHIBIT D

CERTIFICATE OF ACCEPTANCE OF GRANT DEED

THIS CERTIFICATE OF ACCEPTANCE certifies that the interest in real property located

at 101 W. Cochran Street, Simi Valley, CA 93065 and identified by APNs 579-0-061-305 & 579-

0-061-315, which was conveyed by the grant deed dated _________________, 2017, from Kids

from the Valley XIII, LLC, a California limited liability company, to Simi Valley Unified School

District, a political subdivision of the State of California, is hereby accepted by the undersigned

on behalf of the Simi Valley Unified School District, pursuant to authority conferred by Resolution

No. 69-16/17 of the Board of Education, which was adopted at a regularly-held meeting on June

13, 2017, and further certifies that the Simi Valley Unified School District consents to recordation

thereof.

Dated:

By:

Ron Todo, Associate Superintendent

Simi Valley Unified School District