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IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be executed <br /> as of the Effective Date. <br /> SELLER: PURCHASER: <br /> E&E MURPHY FAMILY LIMITED UNION PACIFIC RAILROAD COMPANY, <br /> PARTNERSHIP,a California limited partnership a Delaware corporation <br /> By: By: <br /> Edmund Murphy,Trustee of the Edmund Name: <br /> Murphy and Elsie M.Murphy Revocable Title: Assistant Vice President—Real Estate <br /> Living Trust,under instrument dated March 23, <br /> 1996,as General Partner <br /> By: <br /> Elsie Murphy,Trustee of the Edmund Murphy <br /> and Elsie M.Murphy Revocable Living Trust, <br /> under instrument dated March 23, 1996,as <br /> General Partner <br /> RICHARD A. SIMAS,SR. RICHARD A. SIMAS,SR. <br /> Trustee of the Richard A. Simas and Bonnie M. <br /> Simas Trust dated May 13, 1997 <br /> BONNIE M.SIMAS BONNIE M. SIMAS <br /> Trustee of the Richard A. Simas and Bonnie M. <br /> Simas Trust dated May 13, 1997 <br /> MANUEL SIMAS <br /> Trustee of the Manuel and Virginia Simas 1998 <br /> Revocable Trust dated March 17, 1998 <br /> VIRGINIA SIMAS <br /> Trustee of the Manuel and Virginia Simas 1998 <br /> Revocable Trust dated March 17, 1998 <br /> (Notary acknowledgments on next page) <br /> 2 <br /> 926808 v5 Mcmamndum of option <br />