> ‘ 4 . . ) GE 2 cal apyu 9224 uncLaS FOR (ee “EPG; AND WHEREAS, AEC HaS DETERMINED THAT SUCH PROPERTY AND PROPERTY INTEREST WILL BE EXCESS TO 11S NEEDS AS OF JULY 1, 19603 | AND WHEREAS; DOD HAS INDICATED THAT IT HAS A NEED FOR SUCH PROPERTY AUD PROPERTY INTERESTS. NOW, THEREFORE, THE PARTIES MUTUALLY AGREE aS FOLLOWS: I. A. EFFECTIVE JULY 1, 1963, AND SUSJECT ONLY TO PARAGRAPH 2 HEREOF AEC HEREBY TRANSFERS TO NAVY, WITHOUT REIMBURSEMENT, AND NAVY HEREBY ACCEPTS ALL PROPERTY INTERESTS, OF AEC IN EPG AND ALL PROPERTY OF AEC WHICH WILL BE LOCATED AT THE EPG ON JULY 1, 1962. = B, SEC HERESY RETURNS TO NAVY, AND NAVY ACCEPTS, IN THEIR CURRENT ‘CONDITION, CHE AFDL NO. 27, AND OWE LSM NO, 444, BOTH OF WHICH ARE CURRENTLY ON LOAH-TO AEC FROM NAVY, AND ARE PRESENTLY LOCATED IN NAVY STORAGE FACILITIES AT PEARL HARBOR. AEC WILL PROVIDE FuNDS FOR PLACING THESE CRAFT IN AN +* OUT OF COMMISSION IN RESERVE STaTUS** AND/OR ** OUT OF SERVICE IN RESERVE STATUS+* IF SO REQUIRED BY THE WAVY, OR RESTGRE THE CRAFT IN ACCORDANCE WITH THE EXISTING 1 JULY 1955 AGREEMENT (CITED BELOW), WHICHEVER IS CHEAPER «Ge HAVY ASSUMES RESPONISBILITY TO NEGOTIATE FOR THE ACQUISITION, OR RETURN OR, IN THE EVENT SUCH ACQUISITION OR RETURN IS NOT. REQUIRED TO EGOTIATE FOR APPROPRIATE DISPOSAL OF ALL PROPERTY ON LOAN TO AEC AND LOCATED AT EPG ON JULY 1, iS52. | 3106/7236 79 7/3%