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tl (c) Upon acquisition of title to said option parcel, Zellerbach to construct a warehouse thereon covering ground area of not less than 150,000 sq. ft. If said warehouse is not completed within two years after delivery of deed, Land Co. at its option may repurchase the option parcel; (d) Land Company, through escrow, to deliver to Zellerbach a policy of'title insurance in the amount of $111,000, and grant deed con­veying said option parcel, subject to: 1. G-eneral and special taxes for the fiscal year 1945-1946, including any special district levies, payment for which is included therein and collected therewith, or any assessment liens for public im­provements ; 2, Conditions, restrictions, reservations and easements of record; excepting and reserving unto LVL&WCo. all minerals and all mineral rights, including oil and gas and rights thereto, with right of entry upon and use of a Development Area"; compensation of 2-1/2$ of the gross value of minerals produced and saved at the surface of said Development Area to be paid to the record owners thereof; Land Company to construct street and utility improve­ments, Zellerbach to pay Land Co. as its share of the cost thereof an amount equal to 55$ of the cost to the Land Company of constructing same, but not to exceed $50,931, all of said improvements so made to remain the property of Land Company until or unless dedicated for public use; Land Company, after delivery of said deed and upon receipt of request from Zellerbach, to arrange for construction of two spur tracks to serve the option parcel; be, and the same is hereby, ratified, approved and confirmed. -8