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200709679 consideration for the conveyance, agree to release Grantor from any liability or responsibility for any claims arising solely out of the release of any hazardous substance or petroleum product on the original formerly licensed Property occurring on or after 25 October 2004, where such substance or product was placed on the original formerly licensed Property by the Grantee, or its successors, assigns, employees, invitees, agents or contractors, on or after 25 October 2004. This Subsection IV.b. shall not affect the Grantor's responsibilities to conduct response actions or corrective actions that are required by applicable laws, rules and regulations. 2b. If an actual or threatened release of a hazardous substance or petroleum product is discovered on the remaining formerly licensed Property (Supplemental Agreement No. 1 to DACA45-3-05-6001), consisting of approximately 30 acres, on or after 12 April 2006, whether or not such substance was set forth in the technical environmental reports, including the EBS, Grantee or its successors or assigns shall be responsible for such release or newly discovered substance unless Grantee is able to demonstrate that such release or such newly discovered substance was due to Grantor's activities, ownership, use, or occupation of the remaining formerly licensed Property (Supplemental Agreement No. 1 to DACA45-3-05-6001) prior to 12 April 2006. Grantee, its successors and assigns, as consideration for the conveyance, agree to release Grantor from any liability or responsibility for any claims arising solely out of the release of any hazardous substance or petroleum product on the remaining formerly licensed Property occurring on or after 12 April 2006, where such substance or product was placed on the remaining formerly licensed Property by the Grantee, or its successors, assigns, employees, invitees, agents or contractors, on or after 12 April 2006. This Subsection IV.b. shall not affect the Grantor's responsibilities to conduct response actions or corrective actions that are required by applicable laws, rules and regulations. c. Polychlorinated Biphenyls (PCBs) The Grantee is hereby informed and does acknowledge that equipment contammg polychlorinated biphenyls (PCBs) exist on the Property to be conveyed and that said equipment is owned by Southern Public Power District. d. Lead-Based Paint (LBP) Notice of the Presence of Lead-Based Paint and Covenant Against the Use of the Property for Residential Purposes. 1. The Grantee is hereby informed and does acknowledge that the building on the Property, which was constructed or rehabilitated prior to 1978, is presumed to contain lead-based paint. Lead from paint, paint chips, and dust can pose health hazards if not managed properly. Every purchaser of any interest in Residential Real Property on which a residential dwelling was built prior to 1978, is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also 5