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or titlen to said properties which Texaco reasonably oojects <br /> (including a concent or consents to assignment which Douglas is <br /> unable to obtain) and Douglea is not able to forthvilth cure the <br /> same, then Texaco may elect not to purchase such properties In <br /> such case, the total purchase price shall be reduced in accordance <br /> with the table of assigned values set forth in Exhibit <br /> attached hereto <br /> b Zo Ing Defects <br /> In the event applicable laws or regulations <br /> ' do not permit the operation of a service station and the construc- <br /> tion of a new service station as a matter of right upon said <br /> properties, then Texaco may elect not to purchase such properties <br /> In such case, the total purchase price shall be reduced in <br /> accordance with the table of assigned values set forth in Exhibit <br /> "Dn <br /> 9. Destruction or Condemnation Prior to <br /> C os n Is e a uc on o urc ase Price <br /> If prior to the Closing Date the personal property <br /> described in Exhibits "A" and "B" has been partially or wholly <br /> damaged or destroyed, Douglas shall substitute like property <br /> therefor acceptable to Texaco If prior to the Closing Date <br /> the real property described in Exhibits "A" and "B" has been <br /> substantially destroyed or condemned, Texaco may elect not to <br /> Purchase said properties. In such event the purchase price <br /> shall be reduced in accordance with the table of assigned values <br /> set forth in Exhibit "D". If prior to the Closing Date the <br /> real property described in Exhibits "A" and "B" has been <br /> partially destroyed or condemned and in Texaco's reasonable <br /> Judgment the remainder is unsuitable for a gasoline service <br /> station, then Texaco may treat such property as substantially <br /> destroyed or condemned and elect not to purchase the same If <br /> Texaco does not elect to treat such property as substantially <br /> - 5 - <br /> 000038 <br />