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11/06/4 0 14: 23 FAX 415—1 6100 SHELL OIL 2002
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<br /> OPTION AGREEMENT
<br /> THIS IS AN OPTION AGREEMENT dated SEPTEMBER 14 , 1990 between
<br /> AM,SDOR CORPORATION, a Delaeaare Corporation,
<br /> of 6351 PADDOCK PLACE in LODI, CAI;I:PORNIA 93242 ,
<br /> (h€�rein called "Sellt.r " whet'reer fine or more), Ind SIIEL:L OIL COMPANY, a Delaware
<br /> corporation with offices at P. 0, BOX 4023 in COINCORD, CALIFORNIA 94524 ,
<br /> (herein called "Shell").
<br /> 1. OPTION. In 4ansideraLicsn of - ---------- -- Dollars
<br /> (S ) receive y 'e er, Seller here y grants to Shell the option
<br /> "uppion.W) Q purchdwe the following dcscribicd land located at S. E. CORNER OF THORNTON' RD.
<br /> rb AND MIGHWAY 12 IN LODI County of SAN JOAQUIN ,
<br /> SLaie of CALIFORNIA.
<br /> TEE PREMISES TO BE PURCF.ASED I5 LOCATED AT 'THE SOUTHEAST CORFER OF THORNTON
<br /> R 0 A D AND HIGHWAY 12, TIZ LODI, CAL ZFORNIA.
<br /> ALSO KNOWN AS LOT 1 I1 THE SADDLE CITY SUBDIVISION. THIS OPTION AGREEMENT I
<br /> DATED SEPTEM3ER 14, 1990 IS CONTINGENT UPON SHELL OIL AND LMADOR CORPORATION AGREEING
<br /> ON THE EXACT LEGAL DESCRSPTION A'NID DIMENSION OF LOT 1.
<br /> PRIOR TO CLOSE OF ESCROW — SELLER TO PROVIDE BUYER WITH PARCEL LiAP OF SAID
<br /> PROPERTY,
<br /> TEE FINAL. 1.ECAL DESCaTFTION CONSISTING OF (21O'X266'X2401 ) 59,910 SQUARE FEET
<br /> NET AFTER ALL STREET WORKI DEDICATION SHALL BE PREPARED BY A LIC:LASED SURVEYOR AT A
<br /> LATER DATE.
<br /> THIS OPTION CONTINGENT UPON SHELL A\D AMADOR DECIDING UPON DIRECT ACCESS TO
<br /> LOT 1 .
<br /> together with all easements, rights-and appurtenances thereto, all buildings and improveme9n*„s
<br /> now located thereon, and all of Sellers right, title and interest in all public ways adjoining the
<br /> same (collectively "Premises").
<br /> 2. DEFINITION, Wherevcr used in this Agreement, "automobile service station" means any
<br /> n-stablislimpnt of such type as Shell may select, including, hui not limited to, facilities for the
<br /> retail sale of petroleum products and automotive accessories, for motor vehicle repairs and
<br /> services and for any associated uses such as convenience store, food mart and car wash
<br /> operations.
<br /> 3. PRICE. The purchase price shall be
<br /> o ars )
<br /> ("Pure as tic
<br /> mw
<br /> 4. PERIOD. Shell may exercise the Option by giving Seller notice: st any time from the date
<br /> hc-rr-.oi' through APRIL 30 -1991 w^� ("Primary Period"). Shell may extend the I
<br /> Option fest an additional period through _ fE 31 19 9 i ("Exvension Period")
<br /> by giving Seller nutic:t: prior to,the end,ot' the I_rimar,y,P,criod.�and ayaizg Seiler`athe,.addi.tio�7al.=
<br /> --i-------------- ------ -------------------- 0ollars
<br /> 5, ESCROW. Shell's notice c-xcrc,ishig the sl:,-fll d(—,ignatu in escrow accnt ""Escrow
<br /> Al;ent") for completion of the purchase; and within thirty (a0) ciayti Ejf4Cr the dtntc on tvhic:h Shen
<br /> gives that notice ("Exercise Date") Seller shall deliver to Escrow Agent a recordable deed with
<br /> general covenants of warranty in the farm of Exhibit A hereto which will convey the Promises
<br /> `o Shell or Shell's nominee in fee sialple, free of all tenancies, hens, cncumbranr---cs, restrictions
<br /> and defects of title except current property taxes i.ot in default, and these cNce:ptians which, in
<br /> Shell's sole opinion, are deemed acceptabie in accordance with !'he prnviwion� of article 7, On
<br /> o: before the date of closing Shell shall deposit with Escrow Agent the Purchn.sp. Price:, ]cs.s Eli
<br /> consideration paid for the Option and fnr any extension thereof,
<br /> 6. SPECIAL PROVISIONS.
<br /> 6,1 SURVEY/SITE ASSESSMENT. During the period of this Agreement, She'], its k1gcrts or
<br /> contractors, shall have the right to enter upon, the Premises Tor the purpose of C.Onducting a
<br /> topographical survey and a"site assessment of the Premises. The sites assessmont may include,
<br /> but not be limited to, subsurface soil and water tests, as well as the testing of any underground
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