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<br />ORIGINAL <br /> <br />FIRST AMENDMENT TO <br />AGREEMENT OF SALE AND PURCHASE <br /> <br />THIS FIRST AMENDMENT TO AGREEMENT OF SALE AND PURCHASE (this <br />"Amendment") is dated for reference purposes as of June 3, 2009, by and between <br />LONEST AR CALIFORNIA, INC., a Delaware corporation ("Seller"), and THE CITY OF <br />REDWOOD CITY, a charter city and municipal corporation of the State of California <br />("Buyer"). <br /> <br />RECITALS <br /> <br />A. Buyer and Seller are parties to an Agreement of Sale and Purchase dated as of <br />April 16, 2009 (the "Agreement"). <br /> <br />B. Buyer and Seller desire to amend the Agreement as set forth below. <br />Buyer and Seller now agree as follows: <br /> <br />AGREEMENT <br /> <br />1. Feasibility Period. The last day of the Feasibility Period set forth in Section 3 of <br />the Agreement is extended from June 3, 2009, to June 17, 2009. All other provisions of Section <br />3 remain in effect. <br /> <br />2. Closing/Settlement. The Closing Date as set forth in Section 5 of the Agreement <br />is hereby changed to June 24, 2009. Seller shall have two (2) options to extend the Closing Date <br />(each, an "Extension Option") until, respectively, (a) July 28, 2009 (the "First Extension Option <br />Period") and (b) August 27, 2009 (the "Second Extension Option Period"). If the Seller <br />exercises the First Extension Option in accordance with this Section 5, then the Closing Date <br />shall be July 28, 2009, and if Seller exercises the Second Extension Option, then the Closing <br />Date shall be August 27, 2009. All other provisions of Section 5 remain in effect. <br /> <br />3. Additional Provisions. In accordance with Section 17(B) of the Agreement, <br />Buyer has received a letter from the County of San Mateo Health Department dated January 7, <br />2009. <br /> <br />4. Counterparts and Facsimile Signatures. This Amendment may be executed in any <br />number of counterparts, each of which when executed shall be deemed to be an original and all <br />of which when taken together shall constitute one agreement. The parties agree to accept <br />facsimile signatures as original signatures. <br /> <br />5. Effect of Amendment. Except as amended hereby, the Agreement remains in full <br />force and effect. <br />