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Lessee waives any rights Lessee may have to the contrary, including waiver of any rights Lessee may have pursuant to any statute; that in the absence of waiver, Lessor would not have entered into lease, also Lessee shall make no improvements without consent of Lessor; rental for the use of premises shall be $710.00 per annum, payable annually in advance; be, and the same is hereby ratified, approved and confirmed. The following Work Order Authority for property retired and not to be replaced, was submitted for ratification: Work Order No. 56, issued July ?2, 1968, retirement of a parcel of land being portion of Block 5, Tract No. 1343 in Handorf Industrial District No. 1, containing an area of 15.0 acres; this property was sold to the A. & E. Flastik Pak Co. Inc. by Las Vegas Land and Water Company Deed Audit No. L. S. 6208 dated March 28, 1968. Sale assented to by UPRRCo. Executive Committee on March 28, 1968. Tota1 consideration is $442,500.00, payable $221,250.00 in cash, balance payable in five annual installments with interest at 6%% per annum on unpaid balance. Credit Account 202, Land and Public Improvements, City of Industry, California for ledger value of property sold $245,573 Chargeable as sale price $422,346 Creditable to Profits on Sales of Real Estate $176,773 Estimated cost of removal of property retired, chargeable to Profit on Sales of Real Estate $ 1,960 -8-