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easements,rights-of-way or appurtenances used in connection with the beneficial use and enjoyment of the Land(all of which are collectively referred to as the"Appurtenances"): 1.3. Imovements. All improvements and fixtures located on the Land including,without limitation,the metal office/shop building and affiliated equipment,the Concrete Batch Plant(as that term is defined in Section 4.3 below),parking lot, all facilities used to provide any utility services,parking services,trash disposal or other services thereto (WI of which are collectively referred Was the"Improvements"). 1.4. "�erty" Defined. All of the items described in Sections 1.1. 1.2, and 1.3, above are hereinafter collectively referred to as the"Property." ARTICLE II PURCHASE PRICE 2.1. RW_Qi�ase Price. The Purchase Price(the "Purchase Price")for the Property shall be Two-Million Two-Hundred Thousand Dollars($2,200,000). 2.2. Payment of Purchase Price. The Purchase Price shall be paid as follows: (a).Within three(3)business days after the full execution and delivery of this Agreement,Buyer shall deliver to Alliance Title Company at Modesto, California, as escrow holder:;("Escrow Holder"),the sum of Fifty Thousand Dollars ($50,000)as a deposit towards the Purchase Price. (b).On the Closing Date, Buyer shall pay cash for the balance of the Purchase Price, subject to adjustment for proration, other credits and costs of escrow as provided in this Agreement. 2.3. I vesture t of De osit. Escrow Holder shall invest the deposit in an .interest bearing account selected by Buyer. All interest on the deposits shall, be for the benefit of Buyer and shall be credited towards payment of the Purchase Price. 2.4. DEPOSIT A5 LI UIDATED DAMAGES. IN THE EVENT THE SALE OF THE PROPERTY AS CONTEMPLATED HEREUNDER IS NOT CONSUMMATED BECAUSE OF A DEFAULT UNDER THIS AGREEMENT 515303/02 2 I