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the chain of title to any property other than the Property. Optionee's sole obligation in
<br /> connection with Owner's Exchange shall be to review and execute such documentation as is
<br /> reasonably necessary in order to effectuate Owner's Exchange in accordance with the foregoing
<br /> and the applicable rules governing such exchanges. Optionee's cooperation with Owner's
<br /> Exchange shall not affect or diminish Optionee's rights under this Agreement, delay the Closing
<br /> or be construed as Optionee's warranty that Owner's Exchange in fact complies with
<br /> Section 1031 of the Internal Revenue Code. Optionee shall have the right to review and
<br /> reasonably approve any documents to be executed by Optionee in connection with Owner's
<br /> Exchange. Acceptance of title to the Property from Owner's designated intermediary shall not
<br /> modify Owner's representations, warranties and covenants to Optionee under this Agreement or
<br /> the survival thereof pursuant to this Agreement. The Grant Deed and all closing documents shall
<br /> run directly between Owner and Optionee. Owner is relying solely upon the advice and counsel
<br /> of professionals of Owner's choice in structuring, executing and consummating Owner's
<br /> Exchange.
<br /> (p) Advice of Advisors. Each party to this Agreement acknowledges and
<br /> agrees that it has obtained and relied upon its own legal counsel and other advisors to evaluate
<br /> the tax, accounting and legal consequences of entering into this Agreement and consummating
<br /> the transactions contemplated hereby, and, except as set forth in this Agreement, neither party is
<br /> relying on any representations or warranties of the other party to this Agreement.
<br /> (q) Disclosure. Ben Paul, Marshall Hydorn, Scott Mason and Mark Melbye
<br /> are licensed real estate brokers and are members of Owner.
<br /> 25. Owner's Waivers.
<br /> (a) Waiver of Relocation Assistance. Optionee's payment to Owner of the
<br /> Purchase Price and its payment to Lender of the Prepayment Fee (to the extent required by this
<br /> Agreement) shall constitute full and complete satisfaction of any obligation Optionee may have
<br /> for providing relocation assistance to Owner and paying its relocation costs, if any, required to
<br /> comply with all applicable federal, state and local laws, rules and regulations arising out of,
<br /> based upon, or relating to, relocation assistance or benefits owing under the Uniform Relocation
<br /> Assistance and Real Property Acquisition Policies Act of 1970, 42 U.S.C. Section 4601 et seq.,
<br /> and the California Relocation Act, Govt. Code Section 7260 et seq., and its implementing
<br /> regulations, 25 Cal. Code Regs. Section 6000 et seq. or under any other federal, state or local
<br /> relocation statutes, regulations or guidelines, including but not limited to, any such regulations or
<br /> guidelines of the City of Redwood City or the County of San Mateo (collectively, "Relocation
<br /> Benefits "). Accordingly, Owner, for itself and for its agents, successors, assigns, fully releases,
<br /> acquits and discharges Optionee and its officers, officials, members, directors, council members,
<br /> employees, attorneys, accountants, other professionals, insurers, and agents, and all entities,
<br /> boards, commissions, and bodies related to any of them (collectively, the "Released Parties "),
<br /> from all Claims that Owner, or any of them, has or may have against the Released Parties for all
<br /> Relocation Benefits arising out of or related to Optionee's acquisition of the Property or the
<br /> displacement of Owner from the Property.
<br /> (b) Waiver of Property Rights and Interests. Upon receipt by Owner of the
<br /> Purchase Price and Optionee's payment to Lender of the Prepayment Fee (to the extent required
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