Water Company and Related Assets in California

Sale of assets of Live Oak Holding, LLC, including all of Seller’s right, title to and interest in all of the Assets, free and clear of liens, encumbrances or interests of any nature whatsoever, including all liens related to real property taxes, with such Assets being sold, transferred, assigned, conveyed, granted and delivered to Buyer. The Assets include the following:

• The Water Company, defined in the Asset Purchase Agreement as Live Oak Springs Water Company, a Class D water utility providing public utility water service to approximately one hundred customers in San Diego County and occupying the Real Property described in (b) below;
• The Real Property, defined as approximately 27 acres of real property located at 37820 Old Highway 80, Boulevard, California with APNs 609-050-03- 00, 609-050-06-00, 609-086-03- 00, 609-071-01-00, and 609-090-07-00; and
• The improvements on the Real Property (including groundwater wells and three 20,000 gallon water storage tanks), and all assets owned by the Water Company and/or owned by the Debtor and used by the Water Company, including, but not limited to, any and all machinery, equipment, hardware, materials, fixtures, trade fixtures, storage units, vehicles, tools, and books and records, including the information necessary to provide service to the Customers.