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Port of NY and NJ/Trade Ctr Artifact 11P.O. Box 1504 LA QUINTA, CALIFORNIA 92247-1504 78-495 CALLe TAMPICO (760)777-7000 LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101 July 6, 2011. The Port Authority of New York and New Jersey 225 Park Avenue South New York, NY 10003 The purpose of this letter is to confirm and memorialize the full and complete legal transfer by The Port Authority of New York and New Jersey (the "Port Authority") to City of La Quinta of that certain piece of steel of the former World Trade Center, identified as G-0118e in the Port Authority's World Trade Center Archive: Artifact Inventory Report of January 31, 2007 (the "Steel"). City of La Quinta has requested that the Steel be made available to them, in its present condition. 1. A property interest in the above -described Steel is hereby conveyed, and full and complete legal ownership of the Steel is given. 2. The Port Authority makes no representation or warranty whatsoever as to the condition or fitness of the Steel, either express or implied, and no Commissioner, officer, agent, or employee of the Port Authority is authorized to make any representation or warranty as to the Steel. City of La Quinta shall have no claim against the Port Authority for any defect or other condition of the Steel and agrees to accept the Steel "as is." There are no warranties, express or implied. 3. City of La Quinta agrees to defend, indemnify and hold the Port Authority, its Commissioners, officers, representatives and employees harmless from and against all losses, liabilities, damages, injuries, claims, demands, costs, attorney fees, and other expenses incurred by the Port Authority and/or its Commissioners, officers, representatives and employees in any manner resulting from or arising with respect to City of La Quinta's possession, use or operation of the Steel or the possession, use or operation of the Steel by any person under the control and authority of City of La Quinta. Page 1 of 3 4. City of La Quinta will be responsible for all costs of the removal and transportation of the Steel to its facility. 5. This, agreement may ndt be assigned by either party without the approval of the other party. 6. This Agreement is subject to all the terms and conditions of either or both of a Court Order dated December 4, 2009 or July 22, 2010, of the United States District Court for the Southern District of New York, both annexed "hereto. 7. Any written notice giver' by either party to the other under the provisions of, or with respect td, this letter agreement, shall be delivered in person, or by certified or registered mail to the following addresses: Port Authority: The Port Authority of NY & NJ 225 Park.Avenue South New York, NY 10003 Attn.: Executive Director The Port Authority of NY & NJ 225 Park Avenue South New York, NY 10003 Attn.: General Counsel City of La Quinta; city of La Quinta 78495 Calle Tampico P.O. Box 1504 La Quinta, CA 92247-1504 or to such other address(es) as each patty hereto may notify the other. 8. This agreement shall be governed by and construed in accordance with the laws of the State of New York. 9. The entire agreement of the parties is contained herein and no changes or modifications shall be valid or enforceable unless in writing and signed by the party to be charged therewith. 10. Neither the Commissioners of the Port Authority, nor any director, officer or employee thereof shall be held personally liable under or .in connection with this letter agreement. Page 2 of 3 11. If any provision of this letter agreement is determined to be unlawful, contrary to public policy, void or unenforceable, all remaining provisions shall continue in full force and effect. To confirm the agreement of the Port Authority with the foregoing, kindly sign a counterpart of this letter in the space provided below, and return such signed counterpart to the attention of the undersigned. �Very truly yours, Thomas P. Genovese, City Manager City of La Quinta The Port Authority of New York and New Jersey By: Title: Executive Director Page 3 of 3