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5.05 Assets Delivered Vacant: The Assets are to be delivered vacant at close of escrow. Any items, personal belongings and personal property left in or on the property after the close of escrow shall become the property of the Buyer, without further notice. 5.06 Removal of Assets: After the close of escrow, Buyer shall remove the Assets from the Docktown Marina within no more than 90 days, as may be reasonably extended by Seller. Seller will not unreasonably withhold ability to extend if Buyer demonstrate progress in removing the Assets from Docktown Marina. Buyer shall pay Seller the amount of $20.00 per day for each of the Assets if it has not been removed from the Docktown Marina by the 90 -day removal deadline, as may be extended by City. Such amount shall be due to Seller within 14 days of invoice. 5.07 Items Included in Sale: All EXISTING fixtures and fittings that are attached to the Assets are included. Seller represents that all items included in the Purchase Price, unless otherwise specified are owned by Seller and shall be transferred free and clear of liens and encumbrances. 5.08 Possession: Possession shall be delivered to Buyer at 3:00 p.m. on the date of close of escrow. At close of escrow, unless otherwise agreed in writing, Seller shall provide keys, and/or means to operate all locks on the Assets. 6.01 Real Estate Commission: Signature Realty & Mortgage, Inc. (Listing Agent) represents the Seller exclusively and Buyer represents the Buyer exclusively. Seller upon close of escrow shall pay Signature Realty & Mortgage, Inc. a commission in the total amount of 10% (Ten Percent) of the selling price of the Assets. ARTICLE 7. TIME OF THE ESSENCE; ENTIRE CONTRACT; CHANGES: 7.01 Time is of the essence: All understandings between the Parties are incorporated in this Agreement. Its terms are intended by the Parties as a final, complete and exclusive expression of their agreement with respect to its subject matter, and may not be contradicted by evidence of any prior agreement or contemporaneous oral agreement. If any provision of this agreement is held to be ineffective or invalid, the remaining provisions will nevertheless be given full force and effect. Except as otherwise specified, this agreement shall be interpreted and disputes shall be resolved in accordance with the laws of the State of California. Neither this agreement nor any provision in it may be extended, amended, modified, altered or changed, except in writing Signed by Buyer and Seller. 7.02 Expiration of Offer: Time is of the essence of this offer and it shall expire within fourteen (14) days from the date set forth beside the Buyer signatures below unless a written acceptance of this offer is delivered to Buyer or Buyer's agent with said 14 -day period. [Signature Page Follows] REV: 08-18-21 RL