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3 <br /> AGREEMENT OF PURCHASE A111D SALE <br /> THIS AGREEMENT is made this 30th day of August, 1971, <br /> by and between Texaco Inc., a Delaware corporation, hereinafter <br /> referred to as "Texaco", and Douglas 011 Company of California, <br /> a California corporation, hereinafter referred to as "Douglas" <br /> RECITALS: <br /> (a) Texaco and Douglas have considered and discussed <br /> the purchase by Texaco and sale by Douglas of one hundred sixty- <br /> seven (167) service station properties <br /> (b) Texaco and Douglas now desire to ha,.e a written <br /> agreement specifying the terms and .Onditions of said purchase <br /> and sale. <br /> t IT 13 AGREED between the parties as follows <br /> I. Conveyance of Properties <br /> a Fee Properties <br /> Douglas shall convey to Texaco by means of <br /> Grant or Warranty Deeds, in form satisfactory to Texaco, the fee <br /> properties listed in Exhibit "A" attached hereto and all build- <br /> Ings, structures and improvements located upon said properties <br /> b Leased Properties <br /> Douglas shall sell and aesign to Texaco, in <br /> form satisfactory to Texaco, the service station leases listed <br /> in Exhibit "B" attached hereto. <br /> e Personal Property <br /> r Douglas shall convey to Texaco by means of a <br /> Bill of sale, in form satisfactory to Texaco, all buildings, <br /> structures, improvements and equipment owned by Douglas and <br /> located upon said properties listed in Exhibits "A" and "B" <br /> 000034 <br /> �'S�hxry �saer r.4.4 _- ---....M..�...�-�.,,,-.».��__ . - ^4—_....-�"-"--'--. _ ,,-..--�..— - - m-'���',G�.=-d-^•s�7'7�ui�-. - <br />