Laserfiche WebLink
SELL OF IPR AND GOODWILL <br />Project: Bristol Street (movement Project— Phase 3A <br />APN: 405 - 274-10 <br />Tenant - Seller: Hugo Solorzano Hernandez dba Huaos Canputer <br />AGREEMENT FOR ACQUISITION OF TENANT - SELLER'S <br />INTEREST IN REAL PROPERTY <br />THIS AGREEMENT ( "Agreement ") is entered into as of this day of <br />120t6, by and between THE CITY OF SANTA ANA, a charter city and <br />municipal corporation duly organized, under the Constitution and laws of the State of California <br />( "Buyer "), and HUGO SOLORZANO HERNANDEZ DBA HUGOS COMPUTER ("Tenant - <br />Seller") for the acquisition by Buyer of certain interests in real property described herein. <br />IT IS HEREBY AGREED BETWEEN THE PARTIES AS FOLLOWS: <br />I, AGREEMENT. Tenant - Seller agrees to sell and convey to Buyer, and Buyer agrees <br />to purchase and acquire from Tenant - Seller, upon the terms and for the consideration set forth in <br />this Agreement, (a) all right, title and interest, in and to certain improvements, including fixtures <br />and equipment (collectively " Conveyed Improvements ") located in, on, or affixed in any manner <br />to the premises known mid numbered as 1 -I II N Bristol Street Suite H Santa Ana, California <br />C'Premises ") which Premises are part of that real property described in Exhibit A attached hereto, <br />located in the City of Santa Ana, Orange County, California ( "Property "), and (b) any tenancy <br />interest of Tenant- Seller ( "Tenancy Interest ") in and to the Premises and. the Property. The <br />Conveyed Improvements are a part of the Premises, and specifically include, without limitation, the <br />iteims described in the list of Improvements Pertaining to the Realty attached hereto as Exhibit B. <br />The Conveyed Improvements referred to as the "Improvements." <br />2. PURCHASE PRICE. The total purchase price, payable in cash through this <br />Agreement, shall be the sum of: FORTY ONE THOUSAND TWO HUNDRED NINETY <br />NO /100 DOLLARS ($41,290,00) ( "Purchase Price ") which is computed as follows: <br />Value of Conveyed Improvements as shown on Exhibit $4,790.00 <br />Loss of Business Goodwill <br />$36,500.00 <br />TOTAL AMOUNT PAYABLE THROUGH THIS AGREEMENT $41,290.00 <br />3. CONVEYANCE OF INTEREST IN REAL PROPER_Y. Tenant-Seller agrees to <br />execute a Quitclaim ,Deed in the same form as that attached hereto as Exhibit C in favor of Buyer <br />( "Quitclaim Deed "), relinquishing, releasing, and forever quitclaiming to Buyer all right title and <br />interest in and to the Tenancy Interest. <br />Exhibit 4 <br />25D -45 <br />