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lh—JdAi MUIRED PUG o5 tiptiN w` , )ROCEF A-2021-145 Lo-;k)�/Y AGREEMENT FOR EXCHANGE OF REAL PROPERTY pe This Agreement for Exchange of Real Property ("Agreement") is entered as of the 20th day of May, 2021, by and between the CITY OF SANTA ANA, a charter city and municipal corporation duly organized under the Constitution and laws of the State of California ("City"), and JPACIFIC INTERNATIONAL as Trustee of 215 Warner SA Land Trust, dated July 7, 2014 ("JPacific"). The City and JPacific hereinafter sometimes referred to collectively as the "Parties." RECITALS A. City owns certain real property commonly known as Orange County Assessor Parcel Nos. (APN) 403-141-09, located at 2246 Cypress Avenue, in the City of Santa Ana, County of Orange, State of California, as more particularly described and depicted in the Legal Description attached hereto as Exhibit "A" and incorporated herein by reference ("City Property"). B. A copy of the Grant Deed for the City Property, filed with the County of Orange as Document No. 2018000304713, is attached hereto as Exhibit `B" and incorporated herein by reference. C. JPacific owns certain real property commonly known as Orange County Assessor Parcel No. 403- 142-15, located at 215 E. Warner Avenue, in the City of Santa Ana, County of Orange, State of California, as more particularly described and depicted in the Legal Description attached hereto as Exhibit "C" and incorporated herein by reference ("JPacific Property"). D. A copy of the Grant Deed for the JPacific Property, filed with the County of Orange as Document No. 2014000269486, is attached hereto as Exhibit "D" and incorporated herein by reference. E. The Parties desire by this Agreement to provide the terms and conditions for the exchange of fee interests in the City Property and the JPacific Property. AGREEMENT THEREFORE, for and in consideration of their mutual promises, covenants and agreements, and subject to the terms, conditions and provisions of this Agreement, the Parties agree as follows: 1. Exchange of Real Property 1.1. Conveyance by City. City agrees to convey the City Property to JPacific by Grant Deed, and JPacific agrees to accept the same from the City. 1.2. Conveyance by JPacific. JPacific agrees to convey the JPacific Property to City by Grant Deed, and City agrees to accept the same from JPacific. 1.3. Title Conveyance. The Parties agree that, except as may hereinafter be otherwise expressly provided, the real properties subject to this Agreement shall be conveyed by the Parties, as aforesaid, free and clear of any and all conditions, restrictions, reservations, exceptions, easements, assessments, profits, limitations, encumbrances (whether monetary or non - monetary, general or specific, including any and all leasehold interests), liens, clouds or defects in title. The Parties hereby warrant that the title to said real properties to be Page 1 of 13