Salesforce.com 2010 Annual Report Download - page 249

EXHIBIT 10.20
REDACTED COPY
CONFIDENTIAL TREATMENT REQUESTED
*** Confidential treatment has been requested for portions of this exhibit. The copy filed herewith omits the information subject to the confidentiality request.
Omissions are designated as [***]. A complete version of this exhibit has been filed separately with the Securities and Exchange Commission.
AGREEMENT OF PURCHASE AND SALE
AND JOINT ESCROW INSTRUCTIONS
[ 1455 Third Street and 1515 Third Street ]
This AGREEMENT OF PURCHASE AND SALE AND JOINT ESCROW INSTRUCTIONS ("Agreement") is made and entered into as of this
21st day of October, 2010, by and between ARE-SAN FRANCISCO NO. 19, LLC, a Delaware limited liability company ("Seller"), and BAY JACARANDA
NO. 2627, LLC, a Delaware limited liability company ("Buyer"), with respect to the following (initially capitalized terms not otherwise defined when first
used shall have the meanings given to such terms in Paragraph 1 below):
R E C I T A L S:
A. Seller is the owner of certain real property located in the City and County of San Francisco ("City"), State of California, commonly referred to as
1455 Third Street (more particularly described on Exhibit A-1 attached hereto (the "1455 Parcel")) and as 1515 Third Street (more particularly described on
Exhibit A-2 attached hereto (the "1515 Parcel")) (collectively, the "Land"). Seller also is the owner of certain real property located in the City commonly
referred to as 450 South Street (more particularly described on Exhibit A-3 attached hereto (the "Garage Site")), which includes a seven (7) level parking
garage (the "Garage") containing one thousand four hundred twenty-four (1,424) passenger vehicle parking spaces and seventy-five (75) bicycle spaces. The
Land and the Garage Site (along with other property) are within Mission Bay South Development Blocks 26 and 27 (the Block references are for convenience
only; the Blocks are not legal lots and do not constitute separate parcels).
B. The Land and the Garage Site are portions of the area generally known as the "Mission Bay Development Area" (as defined below), are located
within the "South Project Area" (as defined below), and are subject to the existing "Development Entitlements" (as defined below).
C. Seller desires to sell the "Property" (as defined below) to Buyer, and Buyer desires to purchase the Property from Seller, upon the terms and
conditions hereinafter set forth.
NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Seller and Buyer (each, a "Party" and collectively, the "Parties") hereby agree that the terms and
conditions of this Agreement and the instructions to "Escrow Holder" (as defined below) with regard to the "Escrow" (as defined below) are as follows: