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1.7 "Property" means, collectively, the Real Property, and all of Seller's right, title and
<br />interest, if any, in the Contracts, the Intangible Property and the Personal Property, as such terms are defined
<br />below.
<br />1.7.1 "Real Property" means the vacant land consisting of approximately 13.32
<br />acres with a legal description of. Lots 6, 7 and 12, Colorado Technological Center Filing No. 2, City of
<br />Louisville, Boulder County, Colorado.
<br />1.7.3 "Contracts" means all assignable service, supply, maintenance and
<br />construction contracts, if any, relating to the Real Property or Personal Property and which Buyer chooses to
<br />accept.
<br />1.7.3 "Intangible Property" means all assignable intangible personal property, if
<br />any, owned by Seller on the Closing Date, including the right to use the current names, logos, trademarks and
<br />trade names of the Real Property (but not of the Seller or its affiliates, parents or subsidiaries) and all licenses,
<br />permits and certificates of occupancy issued by governmental authorities relating to the use, maintenance,
<br />occupancy and/or operation of the Real Property and Personal Property and any development approvals and
<br />Planned Unit Development (PUD) material pertaining to the Real Property and developed by Seller or owned
<br />by Seller.
<br />1.7.4 "Personal Property" means all fixtures, furniture, carpeting, draperies,
<br />appliances, building supplies, equipment, machinery, inventory, and other tangible items of personal property
<br />owned by Seller and affixed, attached to, placed or situated upon the Real Property and used in connection with
<br />the ownership of the Real Property. Personal Property does not include any items of personal property which
<br />are leased to Seller.
<br />1.8 "Purchase Price" means One Million Seven Hundred Thousand Dollars
<br />($1,700,000.00).
<br />1.9 "Seller's Address" means:
<br />c/o Passco Companies, LLC
<br />96 Corporate Park, Suite 200
<br />Irvine, California 92606
<br />Attn: Alan Clifton
<br />Facsimile: (949) 442 -2460
<br />Telephone No.: (949) 442 -1000
<br />Email: aclifton @passco.net
<br />With copies to:
<br />Bouza, Klein & Kaminsky
<br />950 South Flower Street, Suite 100
<br />Los Angeles, California 90015
<br />Attn: Michael J. Kaminsky
<br />Facsimile: (213) 488 -1316
<br />Telephone No.: (213) 488 -0675
<br />Email: mkaminsky @b2klaw.com
<br />1.10 Title Company" means First American Title Insurance Company, whose address is:
<br />First American Title Insurance Company
<br />3281 East Guasti Road, Suite 440
<br />Ontario, CA 91761
<br />Attn: Wendy Hagen
<br />Telephone No.: (909) 510 -6225
<br />Email: whagen @firstam.com
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<br />2013 08 20 CTC land purchase 04 agreement FINAL.doc
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