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Page Two <br />November 22, 2016 <br />Just Compensation: <br />Michael A. Lacey, ASA, an appraiser with Hodges Lacey & Associates, LLC has <br />inspected and appraised the IPTR belonging to either the Valdivia Family Trust or SA <br />Recycling LLC for the purpose of determining the fair market value in place of the IPTR <br />in the amount of FOUR HUNDRED TWENTY-THREE THOUSAND EIGHT HUNDRED <br />AND -FIFTY DOLLARS AND ZERO CENTS ($423,860.00). <br />Offer to Purchase: <br />Based on the determined just compensation, OCTA hereby offers to purchase the IPTR <br />for FOUR HUNDRED TWENTY-THREE THOUSAND EIGHT HUNDRED AND FIFTY <br />DOLLARS AND ZERO CENTS ($423,850.00). OCTA has made no determination as to <br />the ownership of the IPTR. Please submit to the undersigned a notarized copy of the <br />enclosed Full Acquisition Offset Statement ("Offset Statement') confirming the ownership <br />of all of the listed items. This offer is being made to the owner of the IPTR as will be <br />identified In the fully executed, notarized Offset Statement. <br />This is an offer to purchase the IPTR upon the terms as substantially set forth in the <br />enclosed Bill of Sale, free of all liens and other encumbrances, except as may be <br />agreed to by OCTA. This offer does not reflect or include any relocation benefits related <br />to possible relocation of personal property to which -you may be entitled. <br />If for any reason you do not accept OCTKs offer, please be advised that this letter and the <br />offer made herein are tendered under the provisions of the California Evidence Code <br />Section 1152 and shall not be admissible in evidence to prove OCTXs liability in any <br />eminent domain proceeding which may subsequently be instituted for the acquisition of the <br />fixtures and equipment. <br />It is OCTA's hope that this offer is agreeable to you, If you wish to accept this offer, <br />please return the fully executed Offset Statement and call Phillip Bonina of Paragon at <br />(714) 379-3376 so that the enclosed Bill of Sale can be finalized. If you have any <br />1204565.1 <br />7501-99 <br />