A GE 2 CA1 ADMU 2324 UNCLAS piiieitbeeseiaees “EPG: AND WHEREAS, AEC HAS DETERMINED THAT SUCH PROPERTY AND PROPERTY INTEREST WILL BE EXCESS TO ITS NEEDS AS OF JULY 1, 19603 AND WHEREAS; DOD HAS INDICATED THAT IT HAS A NEED FOR SUCH PROPERTY AND PROPERTY INTERESTS. NOW, THEREFORE, THE PARTIES MUTUALLY AGREE aS FOLLOWS: 1. A. EFFECTIVE JULY 1, 1963, AND SU3JECT 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. AEC HERESY RETURNS TO NAVY, AND NAVY ACCEPTS, IN THEIR CURRENT CONDITION, CNE AFDL NO. 27, AND ONE LSM NO. 444, 30TH OF WHICH ARE CURRENILY ON LOAN 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 NAVY, OR RESTORE THE CRAFT IN ACCORDANCE WITH THE EXISTING 1 JuLY 1955 AGREEMENT (CITED BELOW), WHICHEVER IS CHEAPER. C. NAVY ASSUMES RESPONISBILITY TO NEGOTIATE FOR THE ACQUISITION, OR RETURN OR, IN THE EVENT SUCH ACQUISITION OR RETURN IS NOT REQUIRED TO NEGOTIATE FOR APPROPRIATE DISPOSAL OF ALL PROPERTY ON LOAN TO AEC AND LOCATED AT EPG ON JULY —! c3 C5 a ari "5005182 1, | 1962, pp Abe ~Pe-1, or FF 4S, | MMB F