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0 <br />2. Description of the Subject Assets: The Subject Assets <br />to be sold and purchased by this Agreement are more particularly <br />described as follows: <br />(a) The real property more particularly described in. <br />Exhibit A attached hereto and by reference made a part hereof. <br />(b) All water plants with appurtenances and the water <br />distribution systems owned by Seller and located in Indian River <br />County, Florida. <br />(c) All rights, privileges, easements, licenses, pre- <br />scriptive rights, rights of way, and those disclosed (Exhibit B), <br />contracts, service agreements and developer agreements owned by <br />Seller for the construction, reconstruction, maintenance and <br />operation of the above described water utility system and assets. <br />(d) All personal property, other than cash, bank deposits, <br />securities, customer accounts receivable, accounts receivable due <br />from parent and affiliated companies and recoverable federal income <br />tax, owned by Seller and located in Indian River County, Florida, <br />which pertains to or is.used in the operation of the above described <br />Subject Assets, including, without limitation, all vehicles, <br />laboratory equipment, office equipment, portable equipment, spare <br />parts, tools, blueprints, plans, engineering reports, surveys, <br />licenses, and approval documents, which items are set out in part <br />in Exhibit "C"; and all information in possession of Seller which <br />pertains to or would aid Purchaser in operating the above described <br />Subject Assets. All property included in said inventory will be <br />included in the above described water utility systems and assets. <br />A copy of the operating permits issued by all concerned govern- <br />mental agencies,_ together_with.a-description of the status of said <br />permits as of November 21, 197-8, shall be supplied and attached <br />hereto as Exhibit "D" and by reference made a part hereof; a copy <br />of the billinng register of Seller as of November 15, 1978, shall be <br />attached hereto as Exhibit "E' and by reference made a part hereof. <br />3. Purchase Price: Purchaser agrees to pay Seller and <br />Seller agrees to accept as the purchase price for the Subject Assets, <br />- 2 - <br />38 ua,145 <br />