Exhibit 10.16

MANAGEMENT BUSINESS CONTRIBUTION AGREEMENT

This CONTRIBUTION AGREEMENT is made and entered into as of September 13, 2010 by and between AMERICAN ASSETS, INC., a California corporation (“Assignor”), and AMERICAN ASSETS TRUST MANAGEMENT, LLC, a Delaware limited liability company, (“Assignee”).

RECITALS

WHEREAS, Assignee is a wholly owned subsidiary of Assignor; and

WHEREAS, Assignor wishes to contribute and assign to Assignee and Assignee wishes to assume all right, title and interest in and to the assets set forth on Schedule A (the “Contributed Assets”) and the liabilities set forth on Schedule B (the “Assumed Liabilities”), in each case related to Assignor’s management business (the “Business”).

NOW, THEREFORE, in consideration of the foregoing and the representations, warranties and other terms contained in this Agreement, the parties hereto, intending to be legally bound hereby, agree as follows:

AGREEMENT

1. Contribution of Contributed Assets. At the Closing, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor shall contribute, transfer, assign, convey and deliver to Assignee all of the Assignor’s right, title and interest in and to the Contributed Assets. Assignee hereby absolutely and unconditionally accepts the foregoing contribution and agrees to assume any and all obligations of Assignor pursuant to the Contributed Assets.

2. Assignment and Assumption of Assumed Liabilities. At the Closing, Assignor shall assign and Assignee shall assume from Assignor (or acquire the Contributed Assets subject to) and thereafter pay, perform or discharge in accordance with their terms, all of the Assumed Liabilities.

3. The Closing. Unless this Agreement shall have been terminated pursuant to Section 4 hereof, the closing of the transactions contemplated hereby (the “Closing”) shall occur immediately prior to the closing of the transactions contemplated by that certain Contribution Agreement, dated as of the date hereof, between Assignor and American Assets Trust, L.P., a Maryland limited partnership (the “Operating Partnership”), whereby all of the outstanding membership interests of Assignee are to be contributed the Operating Partnership pursuant to the terms thereof. The Closing shall take place at the offices of Latham & Watkins LLP, 12636 High Bluff Drive, Suite 400, San Diego, California 92130 or such other place as determined by the Operating Partnership in its sole discretion.

4. Employee Matters.

(a) Transferred Employees. Assignee shall, or shall cause one of its Affiliates (as defined in Section 4(j) below) to, make offers of employment to each of the employees of Assignor identified on Schedule C (the “Affected Employees”) effective as of the Closing on substantially the same terms and conditions of employment as are in effect for the Affected Employees as of the date of this Agreement. Any such offer of employment shall be made in writing by Assignee on or before the Closing. Each Affected Employee shall commence employment with Assignee or an Affiliate of Assignee and shall be deemed to have accepted Assignee’s or Assignee’s Affiliate’s offer of employment by reporting for work at his or her normal work location (i) for Affected Employees who are actively employed as of the Closing, immediately following the Closing, and (ii) for Affected Employees who, as of the Closing, are absent due to a leave of absence, upon such Affected Employees return to active employment. Affected Employees who accept employment with Assignee or an Affiliate of Assignee in accordance with the preceding sentence are referred to as “Transferred Employees.” Assignor and its Affiliates shall terminate for all purposes the employment of all Affected Employees effective immediately prior to the Closing and, except as otherwise set forth in this Section 4, Assignor shall, or shall cause its Affiliates to, pay out to the Transferred Employees at Closing all amounts payable with respect to earned but unpaid wages and unpaid expense reimbursement amounts accrued by Transferred Employees prior to the Closing in accordance with applicable policies of Assignor and/or its Affiliates.

(b) Service Credit; Pre-Existing Conditions. Assignee shall, or shall cause an Affiliate to, give each Transferred Employee full credit for such Transferred Employee’s service with Assignor and/or its Affiliates prior to Closing, in any case, for purposes of eligibility, vesting and benefit accrual under employee benefit plans and programs of Assignee and its Affiliates in which Transferred Employees become eligible to participate following the Closing (“Assignee Plans”), to the extent such credit was recognized under comparable employee benefit plans or programs of Assignor and/or their Affiliates (“Assignor Plans”) immediately prior to Closing, except to the extent such service credit results in duplication of benefits. With respect to any Assignee Plans that are welfare benefit plans in which Transferred Employees become eligible to participate on or after the Closing, Assignee shall, or shall cause an Affiliate to, (i) cause there to be waived any eligibility requirements or pre-existing condition limitations, and (ii) give effect, in determining any deductible and maximum out-of-pocket limitations, to amounts paid by such Transferred Employees under comparable Assignor Plans, in each case, to the extent waived and given effect (as applicable) under comparable Assignor Plans immediately prior to Closing.

(c) Accrued PTO. Prior to Closing, Assignor shall, to the extent required by applicable law in order to transfer vacation days, sick time, personal days and other paid-time-off accrued by Transferred Employees prior to the Closing in accordance with applicable policies of Assignor and/or its Affiliates (“Accrued PTO”) to Assignee, solicit in writing the consent of each Affected Employee to rollover to Assignor or its designated Affiliate each such Affected Employee’s Accrued PTO (if any) upon Closing (the “Accrued PTO Rollover Consents”). For each Affected Employee who becomes a Transferred Employee and either (i) provides such Accrued PTO Rollover Consent on or prior to Closing or (ii) with respect to whom an Accrued PTO Rollover Consent is not required by applicable law to transfer Accrued PTO to Assignee or

its Affiliate, Assignee shall assume and honor or cause an Affiliate to assume and honor such Transferred Employees Accrued PTO. Transferred Employees shall be permitted to use any such assumed Accrued PTO in a manner consistent with Assignee’s policies applicable to similarly-situated employees of Assignee and to accrue additional vacation and other paid-time-off in accordance with Assignee’s policies and procedures, as in effect from time to time. At the Closing, Assignor shall, or shall cause its Affiliates to, transfer to Assignee an amount equal to the total Accrued PTO subject to the Accrued PTO Rollover Consents. To the extent that any Transferred Employees have not provided an Accrued PTO Rollover Consent upon Closing and such consent is required by law to effect a rollover to Assignee or its Affiliates of Accrued PTO, Assignor shall, or shall cause its Affiliates to, pay out to such Transferred Employees their Accrued PTO at Closing.

(d) WARN Act. Assignee shall be solely responsible for providing notice under of the Worker Adjustment and Retraining Notification Act (“WARN Act”) or California Labor Code Section 1400 et. seq.(“Cal-WARN Act”), if Assignee takes any action that would require notice be provided under the WARN ACT or the Cal-WARN Act.

(e) Qualified Plan. As soon as practicable following the Closing, the Assignor shall spin-off and transfer the account balances of each Transferred Employee who is a participant in Assignor’s tax-qualified defined contribution plan that is a 401(k) plan (the “Assignor 401(k) Plan”) to a tax-qualified defined contribution 401(k) plan established by or maintained by Assignee or one of its Affiliates (the “Assignee 401(k) Plan”) in a trustee to trustee transfer in accordance with Section 414(l) of the Internal Revenue Code of 1986, as amended (the “Code”). Assignee shall cause the Assignee 401(k) Plan to have such terms as are necessary so that the transfers described in this Section do not adversely affect the qualified status of the Assignor 401(k) Plan. The transfer of the account balance liability and related assets shall include a trustee to trustee transfer of all participant loan accounts and liabilities under the Assignor 401(k) Plan.

(f) Flexible Spending Plan. With respect to the year in which the Closing occurs, Assignee shall, or shall cause its Affiliates to, establish flexible spending accounts for medical and dependent care expenses under a new or existing plan established or maintained under Section 125 or Section 129 of the Code (“Assignee’s FSA”), effective as of the Closing, for each Transferred Employee who is, as of the Closing, a participant in a flexible spending account of Assignor for medical or dependent care expenses under a plan pursuant to Sections 125 or 129 of the Code (the “Assignor’s FSA”). Assignee shall, or shall cause its Affiliates to, credit or debit, as applicable, effective on the day after the Closing, the applicable account of each such Transferred Employee under Assignee’s FSA with an amount equal to the balance of such Transferred Employee’s account under the Assignor’s FSA as of the Closing. At the Closing, Assignor shall, or shall cause its Affiliates to, transfer to Assignee an amount equal to the total contributions made to Assignor’s FSA by Transferred Employees, reduced by an amount equal to the total claims already paid to such Transferred Employees in respect of the plan year in which the Closing occurs.

(g) Payroll. To the extent permitted by applicable law, the parties hereto shall adopt the “alternate procedure” for preparing and filing all IRS Forms W-2, IRS Forms W-3, IRS Forms W-4, IRS Forms W-5 and IRS Forms 941, as described in Section 5 of Revenue

Procedure 2004-53 and such other applicable guidance. In addition, the parties intend that, to the extent permissible under the Code, Assignee qualify as a “successor employer” for purposes of receiving credit for the payment of taxes under the Federal Insurance Contribution Act and Federal Unemployment Tax Act by Assignor with respect to the Transferred Employees within the meaning of Sections 3121 and 3306 of the Code. The parties shall cooperate to effectuate the foregoing.

(h) Deferred Compensation Plan. To the extent permitted by law, Assignee shall, or shall cause its Affiliates to, establish deferred compensation accounts under a plan established or maintained by Assignee or one of its Affiliates (“Assignee’s DCP”), effective as of the Closing, for each Transferred Employee who is, as of the Closing, a participant in the American Assets, Inc. Executive Deferral Plan VI (“Assignor’s DCP”). Assignee shall, or shall cause its Affiliates to credit, effective on the day after the Closing, the applicable account of each such Transferred Employee under Assignee’s DCP with an amount equal to the balance of such Transferred Employee’s account under Assignor’s DCP as of the Closing. At the Closing, Assignor shall, or shall cause its Affiliates to, transfer to Assignee an amount equal to the total contributions made to Assignor’s DCP by or on behalf of Transferred Employees. The parties shall cooperate to effectuate the foregoing. Notwithstanding the foregoing, the provisions of this Section 4(h) shall not apply to the extent that such transactions would cause in all or any portion of a Transferred Employee’s benefits under Assignor’s DCP to become taxable to such Transferred Employee prior to receipt as a result of a failure to comply with the requirements of Section 409A of the Code.

(i) Excluded Liabilities. Except as otherwise specifically set forth in Section 2 above or this Section 4, Assignor shall retain and be responsible for any and all liabilities and obligations that relate to or arise from the employment by Assignor or any of its Affiliates of the Transferred Employees arising prior to the Closing and any liabilities and obligations relating to any present or former employee of Assignor or any of its Affiliates who does not become a Transferred Employee.

(j) Limitations. Assignee shall have no obligation to continue any employment or other service relationship with any Transferred Employee or other service provider. Any employment opportunity offered by Assignor hereunder shall be “at will” and may be terminated by Assignee or any of its Affiliates at any time for any reason. Nothing in this Agreement shall (i) create any third-party rights in any Transferred Employees or any current or former employees or other service providers of Assignor or its Affiliates (or any beneficiaries or dependents of the foregoing); or (ii) obligate Assignor or its Affiliates to adopt, maintain or continue any Assignor Plan or other employee benefit plan or compensatory arrangement at any time.

(k) Definition of Affiliate. For purposes of this Agreement, “Affiliate” shall mean, as to any individual, corporation, partnership, limited liability company, association, trust, unincorporated entity or other legal entity (each a “Person”), any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or under common control with such Person. As used in this definition, “control” (including, with correlative meanings, “controlled by” and “under common control with”) shall mean possession, directly or indirectly, of the power to direct or cause the direction of the management and policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise).

5. Termination. This Agreement may be terminated at any time upon the written agreement of Assignee and Assignor.

6. Capital Contribution. The assignment of the Contributed Assets and the Assumed Liabilities shall be deemed a capital contribution of Assignor.

7. Representations of Assignor. Assignor hereby represents and warrants to Assignee that Assignor is the owner of all right, title and interest in the Contributed Assets, free and clear of all liens and encumbrances (except for the Assumed Liabilities) and that Assignor has the power and authority rightfully to transfer the Contributed Assets and the Assumed Liabilities. The Contributed Assets and the Assumed Liabilities are all of the assets and liabilities materially necessary for the operation of the Business.

8. Consents. The parties shall use commercially reasonable efforts to obtain all materially necessary consents and approvals of governmental authorities and third parties (including lenders) for Assignor to consummate the transactions contemplated hereby.

9. Further Actions. If, at any time prior to or after the Closing, the Assignee shall determine or be advised that any deeds, bills of sale, assignments, assurances or other actions or things are necessary or desirable to vest, perfect or confirm of record or otherwise in the Operating Partnership the right, title or interest in or to a Contributed Interests, the Contributor of such Contributed Interest shall execute and deliver all such deeds, bills of sale, assignments and assurances and take and do all such other actions and things as may be necessary or desirable to vest, perfect or confirm any and all right, title and interest in such Contributed Interests or otherwise to carry out this Agreement.

10. Counterparts. This Agreement may be executed in counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each party and delivered to each other party.

11. Entire Agreement. This Agreement, including, without limitation, the schedules attached hereto, constitute the entire agreement and supersede each prior agreement and understanding, whether written or oral, among the parties regarding the subject matter of this Agreement. This Agreement is not intended to confer any rights or remedies on any person other than the parties hereto.

12. Assignment. This Agreement shall be binding upon, and shall be enforceable by and inure to the benefit of, the parties hereto and their respective heirs, legal representatives, successors and assigns.

13. Severability. Each provision of this Agreement will be interpreted so as to be effective and valid under applicable law, but if any provision is held invalid, illegal or unenforceable under applicable law in any jurisdiction, then such invalidity, illegality or unenforceability will not affect any other provision, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been included herein.

14. Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of California, regardless of any laws that might otherwise govern under applicable principles of conflicts of laws thereof.

15. Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of both parties hereto; provided that the Assignor may at any time prior to the Closing amend the schedules hereto to reflect changes in the composition of its assets, liabilities and/or employees.

[SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the undersigned have duly executed this Contribution Agreement as of the date first above written.

ASSIGNOR
AMERICAN ASSETS, INC.,
a California corporation
By:	/s/ John W. Chamberlain
Name:	John W. Chamberlain
Title:	Chief Executive Officer
ASSIGNEE
AMERICAN ASSET TRUST MANAGEMENT, LLC, a Delaware limited liability company
By:	AMERICAN ASSETS, INC.,
	a California corporation
Its:	Sole Member
By:	/s/ John W. Chamberlain
Name:	John W. Chamberlain
Title:	Chief Executive Officer

[Signature Page to Management Business Contribution Agreement]

SCHEDULE A

CONTRIBUTED ASSETS

AAI INVENTORY BEING PLACED IN THE REIT

1. AAI CORPORATE

2. 160 KING STREET

3. LANDMARK

4. DEL MONTE

5. ALAMO QUARRY

6. WAIKELE

7. IMPERIAL BEACH

8. SANTA FE PARK

9. MARINER’S POINT

AAI CORPORATE INVENTORY LIST 2010

	Desks		Bookcases		Chairs		Sofas		File Cab.		Monitor		Computer		Printer			Credenza		Tables			TV	Book Shelf		Extra
Ernest		1		3		4		1				2		2		1					2		1		1	1 Lamp
Bloomberg												2		1
Laptop														1
Ernest Outside				2
Ernest Outer Exec.																										1 Laptop
Library				7		6				5											2					2 Binding Mach. Storage Shelving 7 Storage Shelfs
Library Back Rm										11																1 Refrigerator 1 Microwave
Bob Barton		1		2		4		1		3		2		2		1	CL						1			3 Wall Shelves 1 Laptop
Bloomberg												2		1
Laptop														1
Wendy		1				3				3		2		2		2	1 CL
JWC		1				7				2		1		1									1
Reception						6																				2 End Tables
Conf. Rm						12															2	1 Conf. Table
Receptionist				1		1						2		1		1			1
Copier Area																					1					2 Clr copiers 1 Scanner
Fax/Mail Station										2																1 Fax Machine 1 Printer
Lily		1				2				2		1		2
Monica		1		1		3				1		1		1					1
Security		1				2				1		1		1
Hall Prop. Mgmt				1						6
Jaime		1				1				1		1		1		1
Mary		1				1				2		1		1
Russell		1				3				1		1		1					1
Mark		1		1		3				1		1		1												1 Computer Table
Retail										4
Shaun/Steve		1				2						1		1		1

AAI CORPORATE INVENTORY LIST 2010

	Desks		Bookcases		Chairs		Sofas		File Cab.		Monitor		Computer		Printer	Credenza		Tables			TV	Book Shelf	Extra
Type Writer Cube		1				1						1			1								1 Typewriter
Rhonda		1		1		1				5		1		1
Chris				1		2						1		1
Jerry		1		2		5				2		2		1					1				Plan Storage 1 Drafting Table
Empty Const. Office		1				3																	1 Drafting Table 1 Side Table
Hall						1
Hall										3
Patrick		1		1		5		1				1		1	1		1
Outside Durf’s office				3						2
Jim D		1		1		3				2		1		1	1		1						1 Refrigerator
Patrick Fischer		1				2				1		2		1	1
Bloomberg														Shared
Teresa		1		2		3				1		1		1	1
Lori		1		1		2				1		1		1	1								1 Check Scanner
Adam		1		1		3						2		1	1		1
Empty Trade office		1				2				1
Legal Eyal old		1		1		1				1					1								1 Fax Table
Jackie		1		1		3				1		1		1
Outside Jackie’s										3
Justin old		1				2				1
KC		1		2		2				1		4		1			1
CM Admin Filing										8													1 Refrigerator
Back Conf.				1		11									1				2	1 Conf. Table
Outside conf room				1						4									1
Shayla		1				1				2		1		1	1

AAI CORPORATE INVENTORY LIST 2010

	Desks		Bookcases		Chairs		Sofas	File Cab.		Monitor		Computer		Printer		Credenza		Tables		TV		Book Shelf	Extra
Storage		1				2			3
Sue		1				1			3		1		1		1
Todd		1				1			2		1		1
Mary Ann		1				1			3		1		1		1
Zina		1				1			2		1		1
Lynne		1		3		5			6		1		1		1		1		1				2 Small Tables 1 Shredder
Cathy		1				1			2		1		1		1
Work Station		1		1		1			2
Don		1				1			3		3		2		1
Don 2 security		1				1					1		4
Laptop													1
John		1				1					2		1		1						1
Diane		1				1			2		1		1		1
Acct Bullpen									6						3
Jeff		2		1		2			2				2										Computer Equip.
File Room									11
Yulia		1				1			3		1		1		1
Will		1				1			2		1		1										1 Check Machine
Emily		1				1			2		1		1		1
Jessica		1				1			3		1		1		1
Wren		1				1			1		1		1
Brenda		1		4		3			1		2		1		1
Shufen		1				1			5		1		1		1								1 Shredder
Le		1				1			1		1		1
Hall				1
Graham		1				3					2		1		1		1
Daniel		1				1			3		1		1		1
Christina		1		1		2					1		1		1		1
Kitchen						3																	2 Microwaves 1 Refrigerator 2 Tables 1 Dishwasher 1 Storage Case

AAI CORPORATE INVENTORY LIST 2010

	Desks		Bookcases		Chairs		Sofas		File Cab.		Monitor		Computer		Printer		Credenza		Tables		TV		Book Shelf	Extra
Copier Room						1														2				1 Copier 1 Shredder 1 Folder 1 Laminator
Fire Safe																								6 Large Shelving Units
Dungeon		1		2		3				6														61 Large Shelving Units 1 Storage File Cabinet 1 Wooden plan storage 10’x10’
Totals		54		50		155		3		158		66		61		35		10		14		4	1

EQUIPMENT INVENTORY LIST

AAI Corporate

Asset or serial number	Item description (make and model)	Location	Condition	Vendor
CHKLH31	PowerEdge 1750	AAI Data Center	Good	Dell
7JKLH31	PowerEdge 1750	AAI Data Center	Good	Dell
	PowerVault 220s	AAI Data Center	Good	Dell
5JRFQ31	Dimension 2450	AAI Main	Good	Dell
	HP Proliant ML 350	AAI Data Center	Good	HP
GJRFQ31	Dimension 2450	AAI Main	Good	Dell
BKLD408	PowerEdge 2450	AAI Main	Good	Dell
62R8691	OptiPlex GX 520	AAI Main	Good	Dell
6D98M21	Dimension 2450	AAI Main	Good	Dell
7S6M031	Dimension 2450	AAI Main	Good	Dell
GC98M21	Dimension 2450	AAI Main	Good	Dell
	Iomega StorCenter Device	AAI Data Center	Good	IoMega

Corporate AAI

EQUIPMENT INVENTORY LIST

LAN/WAN Equipment

Asset or serial number	Item description (make and model)	Location	Condition	Vendor
6NM1451	PowerConnect 3348	AAI Data Center	Good	Dell
JKM1451	PowerConnect 3348	AAI Data Center	Good	Dell
DN1408CJ1S	Cisco SLM 2048	AAI Data Center	Good	Cisco
AEZ08H402 501	Cisco RV082	AAI Main	Good	Cisco
3c:df:1e:b7:78	Cisco SRW2008	AAI Data Center	Good	Cisco
0006B138BB	SonicWall VPN	AAI Data Center	Good	SonicWall

EQUIPMENT INVENTORY LIST

Telephone Room AAI Corporate

Item description (make and model)	Location	Condition	Vendor	Number of Phones
Polycom 501	AAI	Good	Polycom	50
Polycom 301	AAI	Good	Polycom	30
Aastra 4801	AAI	Good	Aastra	2
Trixbox Applic.	AAI Data Center	Good	trixbox
Dimension
3100 - trixbox server	AAI Main	Good	Dell

160 King Street

HARDWARE INVENTORY - 9/1/10

Engineering Office	Mfg	Type	Serial #
1	DELL	Optiplex 320	JC1Y5F1
1	DELL	Optiplex 320	GC1Y5F1
1	DELL	Optiplex GX270	G6H7641
1	CANON	Super G3	UBA38053
1	HP	DeskJet 5940	CN6391Z1Z2
Security Office
1	DELL	Optiplex 320	JXVPCC1
1	DELL	Dimension 2400	1KPRY41
1	DELL	Optiplex GX110	3HLGN01
1	PELCO	DVR 5100	920-7776
1	BROTHER	HL2070N	U61230K7J904697
Building Systems
1	EPSON	C40UX	DKNY353038
1		EST-1S	13SQ3170149K

LANDMARK BUILDING

HARDWARE INVENTORY - 9/1/10

Management Office	Mfg	Type	Serial #
2	DELL	Thin Clients	N/A
1	DELL	Optiplex 300	CTVGJF1
1	DELL	Power Edge 1800	3LGMN81
1	CANON	lmageRunner2220i	11199656
1	SMARTPRO NET	UPS 2200	N/A
Engineering Office
1	DELL	Pentium 4	4XSY681
1	DELL	Pentium 4	0T7570
1	DELL	Pentium 4	FF98M21
1	DELL	Precision 610	6B6Y201
1	HP	LaserJet1020	N/A
Security Office
1	HP	LaserJet P1006	VND3B03226
1	XEROX	Work Center 535	BJIMLA 23257 FAE

Del Monte

PERSONAL PROPERTY LIST

Administrative Area

• HP Laserjet4 Plus printer

• Dell PC with monitor, keyboard, speakers

• 1 telephone for handicap announcer at base of stairs

• 1 Iwatsu Telephone (leased)

• 2 work chairs

• 3 4-drawer lateral file cabinets

• 1 2-drawer lateral file cabinet

• 2 2-drawer wooden file cabinet

• 2 2-tier bookcases

• 1 Couch

• 1 Loveseat

• 1 End Table

• 7 framed photographs

• 1 large wall mounted aerial photograph

• 1 large potted plant

• Richo Copy Machine (Leased from IKON)

• 1 Motorola radio with transmitter box

General Manager’s Office

• Desk with return, credenza and shelf

• 1 worktable

• 2 leather chairs

• 1 work chair

• Dell PC

• 1 HP deskjet color printer

• 1 faux plant

• 1 large potted plant

• 1 Iwatsu telephone (leased)

• 1 2-drawer lateral file cabinet

• 1 coatrack

• 1 Motorola radio with charger

Assistant General Managers Office

• 2 3-drawer lateral file cabinets

• 6 framed photographs

• 1 desk with return

• 1 corkboard

• 1 4-tier bookcase

• 1 2-drawer vertical file cabinet

1

DM

PERSONAL PROPERTY LIST

• 2 leather chairs

• 1 work chair

• 1 Iwatsu telephone

• 1 whiteboard

• 1 potted plant

Marketing Office

• 1 2-drawer lateral file cabinet

• 2 desk workstation

• 2 5-tier bookcases

• 1 2-drawer vertical file cabinet

• 1 glass shelf

• 2 corkboards

• 1 Dell PC

• 1 Epson Stylus Color 740 printer

• 1 Iwatsu telephone (leased)

• Framed artwork

• 1 work chair

• 1 Motorola radio with charger

Accounting

• 1 black 2-drawer file and cabinet unit

• 1 leather chair

• 2 work chairs

• 1 desk with return and credenza

• 3 4-drawer vertical file cabinets

• 1 Dell PC

• 1 HP Laserjet 4100 printer

• 1 corkboard

• “Meilink” brand safe

• 1 Iwatsu telephone (leased)

• 1 adding machine

Accounting/Marketing Assistant

• 1 Dell PC

• 1 desk with return and shelf

• 1 work chair

• 1 Iwatsu telephone (leased)

• 1 electric stapler

• 1 Computer Server

• 1 Computer Server stand

2

DM

PERSONAL PROPERTY LIST

Conference Room

• 1 TV cabinet

• 1 RCA TV/VCR

• 1 conference room table

• 7 leather chairs

• 2 side chairs

• 1 end table

• 1 bookshelf

• 1 wooden portable computer desk

• 1 wall mounted white board cabinet

• 1 3-drawer black file cabinet

• 2 framed aerial photographs

• 1 plant

• 1 Iwatsu telephone (leased)

Break Room

• 1 Iwatsu telephone (leased)

• 1 Pitney Bowes Postage Meter and Machine (leased)

• 1 Sharp microwave

• 1 Farmers Brothers Coffee Maker (borrowed from Farmer Brothers)

• 1 dishwasher

• 1 toaster

• 1 pencil sharpener

• 1 paper cutter

• 1 sink

• 1 wall mounted keybox

• 1 corkboard

Storeroom

• 1 refrigerator

• 1 paper shredder

• 1 folding table with 2 chairs

• 1 first aid kit

• 1 telephone equipment panel

• 1 network server equipment

• Miscellaneous office supplies

• 1 Iwatsu Telephone (leased)

3

DM

PERSONAL PROPERTY LIST

Maintenance Shop & Office (located next to Waldenbooks at north end of property)

• 5’ Desk w/ left hand return

• 6’ Credenza

• 6’ Work Table

• 4 Drawer Legal File

• 4 Drawer Letter File

• 2 Drawer Legal File

• 3’ Two Shelf Bookcase

• Radio Shack Telephone

• 1 Iwatsu Telephone (leased)

• Radio shack Answering Machine

• Pull Up Chair

• Office Chair

• Dell Dimension XPS T600r CPU w/ Disk Drive & HP CD Writer

• 15” Gateway 2000 Monitor

• Dell Quitkey Keyboard

• Genie Lift Model V-1832

• 2 qty. Cushman Titan Electric Carts 36 Volt Model #898336

• Honda EM3500X Portable Generator

• Dewalt Palm Sander Model #DW411

• Makita 10” Portable Table Saw Model #2703

• Delta 10” Sliding Compound Miter Saw Model #36-240

• Craftsman 10” Five Speed 1/2 hp Drill Press

• Craftsman 6” Dual Grinder l/3hp

• Hotpoint Refridgerator

• 5” Tall Metal Paint Cabinet

• 3 qty. Metal Lockers

• Craftsman Leaf Blower

• Skilsaw 7 1/4” Wonn Saw Model #HD77

• Skilsaw 7 1/4” Circular Saw Model #5275

• Porter Cable Sander Model #505

• Craftsman Portable Air Compressor Model #919.152340

• 6” Bench Vise

• 20’ Fiberglass Ext. Ladder

• 15’ Fiberglass Ext. Ladder

• 25’ Aluminum Ext. Ladder

• 8’ Aluminum Step Ladder

• 8’ Fiberglass Step Ladder

• 6’ Fiberglass Step Ladder

• 6’ Aluminum Step Ladder

• 10’ Wooden Step Ladder

4

DM

PERSONAL PROPERTY LIST

• 2 qty. 10’ Aluminum Step Ladder

• 12’ Aluminum Step Ladder

• 15’ Aluminum Step Ladder

• 2’ Aluminum Step Ladder

• 2’ Wooden Step Ladder

• 5 qty. Hand Trucks

• 2 qty. MH Construction Lights

• 10 gal. Shop Vac.

• Bosch Hand Grinder Model #0601

• Craftsman Jigsaw 2.5 Amp

• Porter Cable Reciprocating Saw Model #737

• Craftsman 25pc. Combination Wrench Set

• Magna Tap & Die Set Model #95988

• Husky 125pc. Socket & Wrench Set

• Craftsman Power Planer Model #315.277160

• Makita Portable Drill Model #6095D

• Makita Portable Drill Model #6223D

• Milwaukee Heavy Duty 1/2” Hammer Drill

• Misc. Hand Tools

• Wheelbarrow

Security Office

• 3 Desks

• 4 Trash cans

• 14 Chairs

• 2 Tables

• 9 Cork boards

• 2 First Aid boxes

• 3 Fire Extinguishers

• 1 Wheel chair

• 2 Extra black phone

• 1 set of lockers

• 1 Uniform Cabinet

• Patrol scan hand wand set with corresponding software and adhesive points

• Key box

• 2 United States flags

• Site plan maps frames

• 3 filing cabinets

• 2 Small tables

• 1 Refrigerator

• 6 Utility laminated maps

• 1 Cell phone set

• 2 Chalk sticks

5

DM

PERSONAL PROPERTY LIST

• 1 Camera

• 2 sets of binocular

• 1 Bike with light, backpack, tool set, tire gauge and red light

• 4 Bike helmets

• 2 Green umbrellas

• 1 Coat Rack

• 12 radio holders

• 7 radios with chargers

• 3 radio shoulder microphones

• 1 desktop radio scanner

• 1 mobile radio scanner

• 26 sets of property keys

Other

1 Dayton gas powered emergency generator 1

Masco Sweeper Truck

4 Olympic Trash Compactors (Leased)

1 Muzak exterior music system (Leased)

6

Alamo Quarry Market Inventory

Office Contents

8-25-08

Kitchen
Refrigerator	$	600.00
Kitchen Table		100.00
Kitchen Supplies		50.00
Kitchen Cabinets		200.00
Water Cooler		140.00
First Aid Kit		60.00
Microwave		80.00
CoffeeMaker		60.00
Tall Trash Can		90.00
			$	1,380.00
Bathroom
Cabinets		150.00
Fixtures		300.00
One Trash Can		70.00
				520.00
Copy Area
Cabinets		350.00
One Paper Cutter		45.00
Fax Machine		800.00
Copy Machine		2,000.00
Supplies and Paper		200.00
Roll around file stand		125.00
				3,520.00
Reception Area
Waiting Area Table		80.00
Magazine Rack		60.00
Two (2) easels		20.00
Two (2) lobby chairs		100.00
NBO Computer Gift Card Computer		1,000.00
Gift Card Sales Cabinet		150.00
Reception Desk		175.00
Reception Chair		125.00
Cabinets and roll around file		125.00
Three (3) drawer filing cabinet		400.00
				2,235.00

Donna’s Office
Conference Table and 4 Chairs	200/320
High Bookcase	90.00
Small Bookcase	100.00
Lockable file w/roller case	125.00
Desk and Chair	175/125
Computer	1,000.00
Calculator	140.00
Two Drawer File Cabinet	300.00
		2,575.00
Al’s Office
Small round table	100.00
Three (3) Visitor Chairs	300.00
One Large Bookcase	300.00
One Small Bookcase	100.00
Three Drawer File Cabinet	400.00
One Desk	175.00
One Desk Chair	125.00
One Calculator	140.00
One Computer	1,000.00
One Jet Printer	250.00
One Lockable File Cabinet w/rollers	125.00
Coat Rack	173.00
		3,188.00
Office Closet
Four Five (5) Drawer Cabinets@$600	2,400.00
Two (2) Shelving Units	432.00
Safe	350.00
Office Supplies	125.00
Miscellaneous	200.00
Vacuum Cleaner	200.00	3,707.00
General
Telephone System	2,500.00
Five (5) Pictures @$150	750.00
HVAC Unit	8,000.00
		11,250.00

Page 2

Sixto’s Office Area
One Table	40.00
Three Office Chairs @$30	90.00
Microwave	80.00
Coffee Maker	60.00
Refrigerator	600.00
Bathroom Fixture	300.00
Bathroom Trash Can	90.00
Twelve (12) Employee Lockers	180.00
Telephone	100.00
Radios end Chargers (13)	13,500.00
			15,040.00
Sixto’s Office
One Cabinet	50.00
One Bookcase	60.00
Two Drawer File Cabinet	110.00
One Desk	175.00
One Chair	125.00
One Computer	1,000.00
Two Drawer File Cabinet	125.00
One Copy Machine	140.00
			1,785.00
Maintenance Shop
Microwave	90.00
Air Compressor	107.00
New Pressure Washer	1,081.00
Old pressure washer (needs repair)	500.00
Pipe Snake Cleanout	609.00
Three hose carts @$64	192.00
Asphalt Repair Plate Machine	616.00
Asphalt Saw	5,190.00
Billy Goat	1,839.00
Two Flammable Chemical Cabinets	1,276.00
Locker	100.00
Shelving Unit	250.00
Wet/Dry Vac	100.00
Emergency Generator	498.00
Brick Saw	610.00
Various equipment/hand tools	3,000.00
Two Golf Carts (2)	6,200.00
Two Power Blowers (3)	800.00
Folding Tables and Chairs	650.00
Tents and Canopies	500.00
Hot Water Heater	250.00
			24,047.00
GRAND TOTAL		$	69,247.00

Page 3

Waikele Center

Management Office-Inventory

4	Desk chairs
6	Conference Room chairs
2	side chairs
3	Desk (teak)
1	Return (teak)
1	computer desk (teak)
2	3 drawer side file cabinet (teak) under desk
2	2 drawer side file cabinet (teak) under desk
1	lateral 2 drawer file cabinet (teak)
1	conference table
3	Black metal 2 drawer lateral file cabinets
1	Landmark phone system 3 phones
1	Poly Com phone unit
1	fax machine
1	Dell CPU
1	Monitor View Sonic 17 in
1	HP Office Jet 7410 printer copier
1	Sony digital camera
1	shredder
1	5 cubic ft under counter refrigerator
1	microwave oven
1	Golf Cart

IMPERIAL BEACH PERSONAL PROPERTY LIST

ITEM NAME	SERIAL #	QUANTITY
OFFICE SUPPLIES & EQUIPMENT (SHARED)
Tape Dispensers			5
Staplers			4
scanners-	1509017714008, 1509017714001		2
Calculators	7D269421, 98019006, 3D036084		3
UAW Radios	98872392, 98872810, 98872613,		7
	98872428, 98872920, 98872771
	98872486, 9887262
Polycom phones	0004F212B568, 0004F215B030		4
	004F212B568, 0004F21078A1
Dell Computers (tower, keyboard, mouse, etc)	7664203636693, 00045599533786		4
	CN07N242388422AN4T23,
	FS65A32CB030227, AB0143120173
	CYRWWTQDKMJ6R3T3WmW824RD6
	1FY17CE0297F, 0045430020052
	00045599533773, CN07242388443100916
Computer monitors	79302234NA, GS19HVEY903057Y		3
	CN0F50356418056F0XJL
	CNDG43SH728287H2PLSA00
backroom-1 monitor, 2 keyboards, webcctv, 4 modems) Outside (3 cameras)
HP 1040 Fax	CN4BBAGHHJ		1
Dell 2335dn Copier/printer/scanner	CN0YP8767221101N0220		1
Dell 5100XCN Printer	CN07242388443100916		1
HP Deskjet 970 Cxi Printer	MX9AF1B06B		1
Office Desk			3
Cream leather chairs			2
Office chairs on rollers			3
Blue cloth and wooden chairs			4
2 hole punchers			3
3 hole punchers			3
Heavy duty stapler			1
Postage weight scale			1
Coffee Maker			1
Magic Chef Microwave			1
Haier mini Refrigerator			1
Key Cabinets			4
Phillips FM/CD player radio	KTO10134079245		1
2 drawer metal file cabinets (lg)			4
2 drawer metal file cabinets (sm)			1
Wooden 2 drawer file cabinets			1
Kodak Easy Share Camera	KCGHL84802057		1
Casio Palm Pilots			2
Pagers (Luis, Jesse)			3
Electric Pencil Sharpener			1
Fedders Heater/AC Combo			1
Portable Electric Heaters			2
Electric Postage Weight Scale (does not work)			1
Ink Date Stamp			1

IB

Imperial Beach Address Stamp		1
Imperial Beach Bank Acct. Stamp		1
Invoice Stamp		1
“Received” Stamp		1
“Paid” Stamp		1
“Revised” Stamp		1
“File” Stamp		1
IMPERIAL BEACH - POOLS
Lounge Chairs		42
Umbrellas		10
Small Table		11
Umbrella at Table outside Office		1
Stock		0
IMPERIAL BEACH - FITNESS ROOM
Powerline Workout Bench		1
Paramount Universal Unit	9710-040	1
Tectrix Stair Stepper		1
Stationary Bike	R0607550432	1
Treadmill by True	04-77358F	1
Body Solid Univeral Unit		1
Diamondback Treadmill	R0702640378	1
Elliptix Cross Trainer 6600L		1
Body Solid Ab Workout		1
IMPERIAL BEACH-LAUNDRY ROOM
Whirlpool Washers (6 in each room)		24
Whirlpool Dryers (6 in each room)		24
IMPERIAL BEACH APPLIANCES
Refrigerators		158
Stainless Steel Refrigerators		2
Ranges		158
Stainless Steel Ranges		2
Stainless Steel Microwaves		2
MAINTENANCE ITEMS (SHARED)
Kwikset Keying Kit NO. 271		1
Lab Semi-Pro 3 Keying Kit		1
Proto 1-1/16 Deep Socket		1
Leviton Toner #49560		1
Leviton Probe #49561		1
Premier Comm.Tester PT-311	#000510374	1
Workforce 4” Joint Knife		1
Faucet Seat Gauge		1
O’Mally Faucet Reseater		1
Minuteman Floor Machine M13075-00	51303000866	1
Tornado Carpet Dryer	98772 EMM21560	1
Tornado Carpet Dryer	98772 ENM23032	1

IB

Ridgid Shop Vac 120V	04308C0065	1
Honda GX160 Pressure Washer	9406268	1
Pressure Washer Gun		1
Pressure Washer Hose		2
Pressure Washer Broom w/ Extension		1
Westinghouse Power Snake	GJ86	1
Power Snake Basket		3
Gorlitz Power Snake	GSD0009512	1
Stilhl Backpack blower	BR550	1
Skilsaw HD77 Worm Drive		1
Milwaukee & Makita Sawzall		2
Rigid 3/8” & 1/2” drillls		2
DeWalt DW680 Planner		1
Rigid Belt Sander		1
Milwaukee 7” Grinder		1
Ryobi 8” Bench Grinder		1
Makita N9514B Grinder		1
B-Bottle w/ Regulator, Hose & Nozzle		1
4” Cutter for Snake		1
3” Cutter for Snake		1
2” Cutter for Snake		1
Retracting head for Snake		1
6’ Louisville A frame ladder (fiberglass)		1
8’ Louisville A frame ladder (fiberglass)		1
Werner 32’ extension ladder (aluminum)		1
4’ Aluminum Ladder		2
2’ Aluminum ladder		2
Flint Ignitor for Torch		2
Ridgid No. 15 Pipe Cutter		1
Ridgid 104 Pipe Cutter		1
Turbo Torch for MAPP Gas		1
Ideal Pipe Bender		1
Telescopic Floor Scaper		2
General Toilet Auger		1
52” Floor Scraper		1
Bicycle Pump		1
Milwaukee Heat Gun	747-101912	1
Swingline Stapler (Hvy duty)		1
Arrow Stapler (Hvy duty)		1
Irwin Clamp		2
Hacksaw		2
Fish Line (Electrical)		1
Sanitaire Commerical Vacuum Cleaner		2
Nattco Ceramic Tile Cutter (Hand cutter)		1
50’ Heavy Duty Water Hose		1
Dolly		2
Hand ABS Saw		1
Hand Wood Saw		2
Regent Work Light		1
Small Bolt Cutters		1
General D25 Hand Snake		1
Ace 14” Pipe Wrench		1

IB

3” C-Clamp	2
Spring Clamp	2
BrassCraft Tub Drain Remover	1
Adhesive Trowel	1
Marshalltown Finishing Trowel	1
Finishing Trowel	4
Small Knotch Adhesive Trowel	1
Medium Knotch Adhesive Trowel	1
Large Knotch Adhesive Trowel	1
Wood Float	1
Corner Trowel	1
Edger (Cement)	1
Chemical Mask	2
18” Window Squeegee	4
12” Window Squeegee	2
Telescopic Ext. for Window Squeegee	1
Mustang Jetter	1
Push Broom	2
Leaf Rake	1
Digging Bar	2
Olympia Large Bolt Cutters	2
Hoe	2
Post Hole Digger	1
Round Shovel	3
Round Shovel (cut handle)	1
Pruning Tool 24” handle	1
Square Shovel	2
Trench Shovel	1
16lb. Sledge Hammer	1
Snow Shovel	2
Paint Roller Extension	2
Mud Tray	3
Paint Scraper	3
Brush and Roller Cleaner	1
Hammer	2
Short Mini Roller	1
Long Mini Roller	1
Standard Roller	3
4” Roller	2
6” Roller	2
100’ Extension cord	2
4’ Aluminum Ruler	1
Water Meter Key	1
Caulking Gun	3
Foley Belsaw Key Machine	1
BrassCraft Pipe Cutter	1
4” Bench Vise	1
Small Leaf Rake	2
6” Floor Scraper	1
Grout Trowel	1
28’ Extension Ladder	1
Dust Pan	4

IB

50’ Extension Cord		2
Pick		1
50’ Garden Hose with Hose Cart		1
4” Stripper		1
24” Carpenters Square		1
3/16” Driver		1
1/4” Driver		1
5/16” Driver		1
3/8” Driver		1
7/16” Driver		1
Needle Nose Pliers		1
Miter Box		1
Spline Tool		1
Inspection Mirror		1
2 1/2 gallon gas can		1
1 gallon gas can		1
6” Joint Knife		1
1 1/2” Putty Knife		1
3” Putty Knife		1
Rubber Sanding Block		1
Circuit Analyzer		1
Voltage Tester		1
6” Slotted		1
#1 Phillips		1
#2 Phillips		1
4” Slotted		1
Pliers		1
8” Slotted		1
IBG MODEL
40” Fake Plasma Screen TV		1
Lattice Living Room Collection	couch/ chair/ 2 end tables/ coffee table	1
Honey Oak 5-piece Dining room set		1
Queen mattress set		1
Emily Queen Bed		1
Emily 6-Drawer Dresser		1
Emily 5-Drawer Dresser		1
Emily Mirror		1
Emily Nightstand		2
Twin mattress set/ frame		1
Sandstone comforter/sheet set (twin)		1
Lascola comforter/sheet set (queen)		1
Lascola decorative pillow		1
Regular pillows		6
Outdoor metal patio set	table and 2 chairs	1
4 piece dinner place setting (yellow and blue)		1
Decorative vases/ candelholders		4
Fake plant arrangement (purple flowers)		1
Bath towels (variety sizes)		7
Shower curtain (blue and white)		1

IB

CARTS (SHARED)
Yamaha Golf Cart	1
Taylor Dunn Maintenance Mules	2
VEHICLE (SHARED)
1999 Ford Ranger	1

	Santa Fe Park Inventory 2010
	Office		Pool Furniture
1	Mr. Coffee Coffe Maker	5	Large Patio Tables
1	Round Oak Table	5	Large Umbrellas
6	Oak Swivel Stools	24	Chairs
1	15” Flat Screen Monitor for Cameras	4	Small Tables
1	WebCam Server	12	Lounges
4	Routers	1	Concrete Trash Receptacle
2	keyboards
2	Mice		Fitness Room
1	20” Flat Screen Monitor	1	Universal
1	Dell Computer	1	Free Weight Assembly
1	Phillips AM/FM Radio CD Player	1	Tread Mill
1	Fellowes Shredder	1	Exercise Bike
1	HP Office Jet Pro 8500	1	Stair Stepper
1	AT&T 2-line phone with remote cordless phone
1	Casio Calculator		Club Room
1	Desk Top VTM	1	Pool Table
1	Credit Card Terminal	1	Ping Pong Table
1	Security Camera	1	Soda Machine
1	Polaroid Camera	1	Snack Machine
1	Mail Scale	2	Round Tables
1	Dymo Label Maker	8	Resin Chairs
1	2-Way Radio	42	Metal folding chairs
1	Pencil Sharpener	10	Folding Tables
1	3-hole Punch	1	Refrigerator
		2	Electric Ranges
	TV Room	1	Vinyl Pool table cover
1	Wide Screen TV	1	Wooden Bookcase
1	Sofa	3	Framed Pictures
12	Black Leather Chairs	1	Bulletin Board
		1	Pool Table Light
	Laundry Room	1	Slim Jim Trash receptacle
12	Washers
12	Dryers		Outside Restrooms
2	Laundry Carts	1	Wrought Iron Table
1	Laundry Sink	4	Wrought Iron Chairs
1	Itoning Board
1	Iron	1	Rental Unit-2004 RV Vision Tral
1	VTM Machine	1	23” Flat Screen TV
1	Slim Jim Trash Receptacle	1	12” Flat Screen TV
		1	Toaster
	Apartments	1	Coffee Pot
4	Refrigerators
3	Electric Ranges
1	Counter top Cooktop
1	Built in Electric Oven
1	Jenn Aire Counter Top Grill
4	Dishwashers
1	Microwave

	Maintenance Tools and Equipment
1	Impression 3-Plus (3428N) Monitor- out of service	3	C clamps
1	Computer Keyboard- out of service	2	Toilet auger
1	Profit Management Computer-out of service	1	Hoover carpet cleaner
1	Dell Computer (9G6DP)-out of service	2	Disposal wrench
1	WestBend 40-100 Cup Coffee Maker-N/A	3	Goodyear 50” water hoses
1	Black & Decker  1/2” Electric Drill-N/A	2	Pole saw blades
1	10 Amp 7  1/4” Skilsaw-N/A	1	Hand tree saw
1	Backpack Leaf Blower	1	set nut drivers
1	A.O. Smith 50’ Sewer Snake	1	Backpack sprayer
1	Drill Motor Emerson 25’ Sewer Snake	3	2 gal sprayers
1	Dollie	1	20’ extension ladder
1	4-Drawer File Cabinet	2	Window brushes
1	12  1/2’ Extension Ladder	3	Squeegee
1	6’ Ladder	2	8’ squeegee pole
1	5’ Ladder	3	Shovel
1	Step Stool	2	Scoop Shovel
1	Ilco Key Making Machine-out of service	1	Post hole digger
1	Quick Kleen Upright Vacuum	1	Wheel barrow
1	Wet or Dry Shop Vac	2	Bow rakes
1	Dell Diminsion 3100 Computer	2	Hoes
1	Dell monitor	1	Concrete hoe
1	Logitec keyboard	1	8” Tamper
1	Microsoft mouse	2	Saw horses
2	Push brooms	2	Hard hat
2	Steel rakes	2	Safety glasses
2	Plastic rakes	1	Small shop vac.
1	Axe	1	Manual stapler
1	Pick	4	Phillips screwdrivers
1	10# sledge hammer	4	Slotted screwdrivers
1	35# Makita jack hammer	2	Multi screwdrivers
1	Craftsman 16” chain saw	2	Electric insulated screwdrivers
2	Gas blowers	1	8 Piece file set
1	Electric blower	1	3 Piece plier set
1	12 cu ft Dump cart	2	Multi meters
1	42” Street Sweeper	1	Stanley 40 piece socket set
1	Wagner airless spray painter	3	Tape measures
1	Black & Decker hammer drill	1	Flash light
1	Dewalt sawsall	2	Multi pouch for radios
1	6” block plane	2	Bow saws
2	Rubber mallets	1	Hack saw
1	Phone line tester	2	Hand saw

4	hole saws	1	1/4 HP bench grinder
12	assorted saw blades	1	10# bench vise
1	Bristle floor brush for buffer	1	Hand hedge trimmer
1	Cable crimper	1	Hand lopper
1	3 gal. air tank	1	Machetti
6	Hose spray nozzles	1	Hand pruner
2	Sheet metal shears	1	Shrub rake
2	Sets rain gear	1	Portable sewer tank
1	Grease gun	1	11 Drawer rolling tool cabinet
2	UAW Communication radios	1	42” Hi speed street sweeper
1	3 gal. gas can	1	Electric Golf Cart
24	Assorted drill bits

Ibay 27DS

MARINER’S POINT PERSONAL PROPERTY LIST

ITEM NAME	SERIAL #	QUANTITY
OFFICE SUPPLIES/EQUIPMENT (SHARED)
Tape Dispensers			5
Staplers			4
scanners-	1509017714008, 1509017714001		2
Calculators	7D269421, 98019006, P23DHV		3
UAW Radios	98872392, 98872810, 98872613,		7
	98872428, 98872920, 98872771
	98872486, 9887262
Polycom phones	0004F212B568, 0004F215B030		4
	004F212B568, 0004F21078A1
Dell Computers (tower, keyboard, mouse, etc)	7664203636693, 00045599533786		4
	CN07N242388422AN4T23,
	FS65A32CB030227, AB0143120173
	CYRWWTQDKMJ6R3T3WmW824RD6
	1FY17CE0297F, 0045430020052
	00045599533773, CN07242388443100916
Computer monitors	79302234NA, GS19HVEY903057Y		3
	CN0F50356418056F0XJL
	CNDG43SH728287H2PLSA00
backroom-1 monitor, 2 keyboards, webcctv, 4 modems) Outside (3 cameras)
HP 1040 Fax	CN4BBAGHHJ		1
Dell 2335dn Copier/printer/scanner	CN0YP8767221101N0220		1
Dell 5100XCN Printer	CN07242388443100916		1
HP Deskjet 970 Cxi Printer	MX9AF1B06B		1
Office Desk			3
Cream leather chairs			2
Office chairs on rollers			3
Blue cloth and wooden chairs			4
2 hole punchers			3
3 hole punchers			3
Heavy duty stapler			1
Postage weight scale			1
Coffee Maker			1
Magic Chef Microwave			1
Haier mini Refrigerator			1
Key Cabinets			4
Phillips FM/CD player radio	KTO10134079245		1
2 drawer metal file cabinets (lg)			4
2 drawer metal file cabinets (sm)			1
Wooden 2 drawer file cabinets			1
Kodak Easy Share Camera	KCGHL84802057		1
Casio Palm Pilots			2
Pagers (Luis, Jesse)			3
Electric Pencil Sharpener			1
Fedders Heater/AC Combo			1
Portable Electric Heaters			2
Electric Postage Weight Scale (does not work)			1
Ink Date Stamp			1

Imperial Beach Address Stamp		1
Imperial Beach Bank Acct. Stamp		1
Invoice Stamp		1
“Received” Stamp		1
“Paid” Stamp		1
“Revised” Stamp		1
“File” Stamp		1
MAINER’S POINT- POOLS
Lounge chairs		7
Umbrellas		5
small tables		2
chairs		18
umbrellas in stock		0
MARINER’S POINT-LAUNDRY ROOM
Whirlpool Washers		9
Whirlpool Dryers		9
MARINER’S POINT -FITNESS ROOM
Welso Pursuit 895i (bike-added by resident)		1
True 700 SOFT System Treadmill	0120161K	1
Batca Fitness Systems USA Cuircuit w/o		3
Workout Bench		1
MARINER’S POINT APPLIANCES
Refrigerators		87
Stainless Steel Refrigerator		1
Range		87
Stainless Steel Range		1
Microwave		1
Stainless Steel Microwave		1
Dishwashers		88
MAINTENANCE ITEMS (SHARED)
Kwikset Keying Kit NO.271		1
Lab Semi-Pro 3 Keying Kit		1
Proto 1-1/16 Deep Socket		1
Leviton Toner #49560		1
Leviton Probe #49561		1
Premier Comm.Tester PT-311	#000510374	1
Workforce 4” Joint Knife		1
Faucet Seat Gauge		1
O’Mally Faucet Reseater		1
Minuteman Floor Machine M13075-00	51303000866	1
Tornado Carpet Dryer	98772 EMM21560	1

Tornado Carpet Dryer	98772 ENM23032	1
Ridgid Shop Vac 120V	04308C0065	1
Honda GX160 Pressure Washer	9406268	1
Pressure Washer Gun		1
Pressure Washer Hose		2
Pressure Washer Broom w/ Extension		1
Westinghouse Power Snake	GJ86	1
Power Snake Basket		3
Gorlitz Power Snake	GSD0009512	1
Stilhl Backpack blower	BR550	1
Skilsaw HD77 Worm Drive		1
Milwaukee & Makita Sawzall		2
Rigid 3/8” & 1/2” drillls		2
DeWalt DW680 Planner		1
Rigid Belt Sander		1
Milwaukee 7” Grinder		1
Ryobi 8” Bench Grinder		1
Makita N9514B Grinder		1
B-Bottle w/ Regulator, Hose & Nozzle		1
4” Cutter for Snake		1
3” Cutter for Snake		1
2” Cutter for Snake		1
Retracting head for Snake		1
6’ Louisville A frame ladder (fiberglass)		1
8’ Louisville A frame ladder (fiberglass)		1
Werner 32’ extension ladder (aluminum)		1
4’ Aluminum Ladder		2
2’ Aluminum ladder		2
Flint Ignitor for Torch		2
Ridgid No.15 Pipe Cutter		1
Ridgid 104 Pipe Cutter		1
Turbo Torch for MAPP Gas		1
Ideal Pipe Bender		1
Telescopic Floor Scaper		2
General Toilet Auger		1
52” Floor Scraper		1
Bicycle Pump		1
Milwaukee Heat Gun	747-101912	1
Swingline Stapler (Hvy duty)		1
Arrow Stapler (Hvy duty)		1
Irwin Clamp		2
Hacksaw		2
Fish Line (Electrical)		1
Sanitaire Commerical Vacuum Cleaner		2
Nattco Ceramic Tile Cutter (Hand cutter)		1
50’ Heavy Duty Water Hose		1
Dolly		2
Hand ABS Saw		1
Hand Wood Saw		2
Regent Work Light		1
Small Bolt Cutters		1
General D25 Hand Snake		1

Ace 14” Pipe Wrench	1
3” C-Clamp	2
Spring Clamp	2
BrassCraft Tub Drain Remover	1
Adhesive Trowel	1
Marshalltown Finishing Trowel	1
Finishing Trowel	4
Small Knotch Adhesive Trowel	1
Medium Knotch Adhesive Trowel	1
Large Knotch Adhesive Trowel	1
Wood Float	1
Corner Trowel	1
Edger (Cement)	1
Chemical Mask	2
18” Window Squeegee	4
12” Window Squeegee	2
Telescopic Ext. for Window Squeegee	1
Mustang Jetter	1
Push Broom	2
Leaf Rake	1
Digging Bar	2
Olympia Large Bolt Cutters	2
Hoe	2
Post Hole Digger	1
Round Shovel	3
Round Shovel (cut handle)	1
Pruning Tool 24” handle	1
Square Shovel	2
Trench Shovel	1
16lb. Sledge Hammer	1
Snow Shovel	2
Paint Roller Extension	2
Mud Tray	3
Paint Scraper	3
Brush and Roller Cleaner	1
Hammer	2
Short Mini Roller	1
Long Mini Roller	1
Standard Roller	3
4” Roller	2
6” Roller	2
100’ Extension cord	2
4’ Aluminum Ruler	1
Water Meter Key	1
Caulking Gun	3
Foley Belsaw Key Machine	1
BrassCraft Pipe Cutter	1
4” Bench Vise	1
Small Leaf Rake	2
6” Floor Scraper	1
Grout Trowel	1
28’ Extension Ladder	1

Dust Pan	4
50’ Extension Cord	2
Pick	1
50’ Garden Hose with Hose Cart	1
4” Stripper	1
24” Carpenters Square	1
3/16” Driver	1
1/4” Driver	1
5/16” Driver	1
3/8” Driver	1
7/16” Driver	1
Needle Nose Pliers	1
Miter Box	1
Spline Tool	1
Inspection Mirror	1
2 1/2 gallon gas can	1
1 gallon gas can	1
6” Joint Knife	1
1 1/2” Putty Knife	1
3” Putty Knife	1
Rubber Sanding Block	1
Circuit Analyzer	1
Voltage Tester	1
6” Slotted	1
#1 Phillips	1
#2 Phillips	1
4” Slotted	1
Pliers	1
8” Slotted	1
CARTS (SHARED)
Yamaha Golf Cart	1
Taylor Dunn Maintenance Mules	2
VEHICLE (SHARED)
1999 Ford Ranger	1

AMERICAN ASSETS, INC Fixed Assets December 31, 2010 Month: 8

	Fixed Assets								Accumulated Depreciation
	Balance 12/31/08		2010				Balance 12/31/08		Balance 12/31/08		2010				Balance 12/31/08		12/31/09 Accum Depr.		12/31/10 YTD Deprn		12/31/10 Accum. Depr.		12/31/10 Monthly Depr Exp.
Description			Additions		Deletions						Expense		Write- Offs
AAI - Remodel		180,072.58						180,072.58		35,998.55		4,617.06				40,615.61		35,998.55		3,078.04		39,076.59		384.76
AAI - Expansion		165,701.81						165,701.81		23,204.01		4,248.59				27,452.60		23,204.01		2,832.39		26,036.40		354.05
AAI-Furniture & Equipment		831,475.76		19,205.77				850,681.53		799,141.42		24,051.30				823,192.72		799,141.42		16,034.20		815,175.62		2,004.28
AAI - Vehicles		65,690.00						65,690.00		36,693.23		12,612.48				49,305.76		36,693.28		8,408.32		45,101.60		1,051.04
		1,242,940.15		19,205.77		0.00		1,262,145.92		895,037.26		45,529.43		0.00		940,566.69		895,037.26		30,352.95		925,390.21		3,794.12

American Assets, Inc.

Federal Depreciation Schedule 2009

Acq. Date		Description	Depreciable Basis		Method	Life		Remaining Basis		Accumulated Depreciation 12/31/08		2009					Accumulated Depreciation 12/31/09
												Rate			Depreciation
AAI Remodel
May	2000	Vongraven - plans		18,814.98	S/L HY		39		14,654		4,161.32		2.564	%		482.42		4,643.74
May	2000	Total plan		350.00	S/L HY		39		273		77.40		2.564	%		8.97		86.37
May	2000	Carda Construction		47,796.30	S/L HY		39		37,225		10,571.11		2.564	%		1,225.50		11,796.61
May	2000	Totalplan		1,235.25	S/L HY		39		962		273.19		2.564	%		31.67		304.87
May	2000	Totalplan		756.86	S/L HY		39		589		167.41		2.564	%		19.41		186.82
May	2000	Dixieline		25.03	S/L HY		39		20		5.52		2.564	%		0.64		6.17
May	2000	Carda Construction		234.00	S/L HY		39		182		51.76		2.564	%		6.00		57.76
May	2000	Rancho Santa Fe Tech - MPOE line		84.00	S/L HY		39		65		18.57		2.564	%		2.15		20.72
May	2000	Carda Construction		5,326.70	S/L HY		39		4,149		1,178.11		2.564	%		136.58		1,314.69
May	2000	Rancho Santa Fe Tech		2,973.00	S/L HY		39		2,315		657.56		2.564	%		76.23		733.78
May	2000	Totalplan - cabinet doors		215.93	S/L HY		39		168		47.77		2.564	%		5.54		53.31
Aug	2000	Rancho Santa Fe Tech		584.00	S/L HY		39		455		129.15		2.564	%		14.97		144.12
Oct	2000	Rancho Santa Fe Tech		687.00	S/L HY		39		535		151.93		2.564	%		17.61		169.54
May	2003	Modular Tech Innov-S Attrium wndw of		1,531.88	S/L HY		39		1,311		220.98		2.564	%		39.28		260.26
May	2003	Pac Bldg Group-So Attrium window off		10,998.00	S/L HY		39		9,412		1,586.47		2.564	%		281.99		1,868.46
May	2003	Rancho S F Tech-S Attrium window off		384.00	S/L HY		39		329		55.40		2.564	%		9.85		65.25
Oct	2003	West Coast Cabling-remodel 50%disc		2,617.12	S/L HY		39		2,240		377.51		2.564	%		67.10		444.61
Nov	2003	Modular Tech Innov-Office remodel		14,388.88	S/L HY		39		12,313		2,075.59		2.564	%		368.93		2,444.52
Nov	2003	Harmon Contracting Company-remode		733.68	S/L HY		39		628		105.83		2.564	%		18.81		124.64
Dec	2003	Modular Tech Innov-Office remodel		3,912.01	S/L HY		39		3,348		564.30		2.564	%		100.30		664.60
Dec	2003	West Coast Cabling-Office remodel		4,024.03	S/L HY		39		3,444		580.48		2.564	%		103.18		683.66
Dec	2003	Howards Rug Company		1,855.00	S/L HY		39		1,587		267.57		2.564	%		47.56		315.14
Dec	2003	Pacific Building Group		27,137.33	S/L HY		39		23,223		3,914.55		2.564	%		695.80		4,610.35
Jan	2004	Modular Tech Innovations		541.80	S/L MM		39		473		68.89		2.564	%		13.89		82.79
Feb	2004	Pacific Building Group		18,839.00	S/L MM		39		16,484		2,355.43		2.564	%		483.03		2,838.47
Feb	2004	Door Systems		1,700.00	S/L MM		39		1,487		212.56		2.564	%		43.59		256.14
Feb	2004	West Coast Cabling		175.78	S/L MM		39		154		21.98		2.564	%		4.51		26.49
Feb	2004	Sunnydale Electric		250.00	S/L MM		39		219		31.26		2.564	%		6.41		37.67
Mar	2004	Facility Solutions		4,190.45	S/L MM		39		3,675		514.96		2.564	%		107.44		622.40
Mar	2004	West Coast Cabling, Inc.		874.57	S/L MM		39		767		107.47		2.564	%		22.42		129.89
Mar	2004	Howards Rug Company		3,891.00	S/L MM		39		3,413		478.17		2.564	%		99.77		577.94
May	2004	Lobby Russell Glass		2,685.00	S/L MM		39		2,367		318.46		2.564	%		68.84		387.30
May	2004	Lobby - Harmon Contracting		260.00	S/L MM		39		229		30.84		2.564	%		6.67		37.51
		Total		180,072.58					148,693		31,379.52					4,617.06		35,996.58

American Assets, Inc.

Federal Depreciation Schedule 2009

Acq. Date		Description	Depreciable Basis		Method	Life		Remaining Basis		Accumulated Depreciation 12/31/08		2009					Accumulated Depreciation 12/31/09
												Rate			Depreciation
AAI Expansion
May	2004	BT ck 1007-1012 AAI Expansion		13,619.16	S/L MM		39		12,003.78		1,615.38		2.564	%		349.20		1,964.58
June	2004	BT ck 1013-1016 AAI Expansion		54,374.45	S/L MM		39		48,041.46		6,332.99		2.564	%		1,394.16		7,727.15
July	2004	BT ck 1017-1020 AAI Expansion		62,324.30	S/L MM		39		55,198.75		7,125.55		2.564	%		1,598.00		8,723.55
Aug	2004	BT ck 1021-1030 AAI Expansion		23,448.62	S/L MM		39		20,817.92		2,630.70		2.564	%		601.22		3,231.92
Sept	2004	BT ck 1031 AAI Expansion		492.00	S/L MM		39		437.86		54.14		2.564	%		12.61		66.75
Oct	2004	BT ck 1032 AAI Expansion		3,719.77	S/L MM		39		3,318.38		401.39		2.564	%		95.37		496.76
Nov	2004	BT ck 1033-1035 AAI Expansion		5,844.35	S/L MM		39		5,226.19		618.16		2.564	%		149.85		768.01
Dec	2004	BT ck 1037 AAI Expansion		490.90	S/L MM		39		440.02		50.88		2.564	%		12.59		63.47
Jan	2005	BT ck 1038 AAI Expansion		460.00	S/L MM		39		413.30		46.70		2.564	%		11.79		58.49
Mar	2005	BT ck 1039 AAI Expansion		300.00	S/L MM		39		270.83		29.17		2.564	%		7.69		36.87
Nov	2005	BT ck 1040-1041 AAI Expansion		628.26	S/L MM		39		577.91		50.35		2.564	%		16.11		66.46
		Total		165,701.81					146,746.40		18,955.41					4,248.59		23,204.00

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS		METHOD	LIFE		REMAINING BASIS		ACCUM. DEPREC. @12/31/08		CURRENT DEPREC EXPENSE		ACCUM. DEPREC. 2009		2009 TAX RATE
FURNITURE & FIXTURES
MAR	2008	Phone system VOIPLINK		26,395.15	MACRS (HY)		5		17,948.70		8,446.45		5,067.87		13,514.32		19.20	%
MAR	2008	PC for J Chamberlain		1,110.63	MACRS (HY)		5		755.23		355.40		213.24		568.64		19.20	%
MAR	2008	Paper shredder		1,684.67	MACRS (HY)		5		1,145.58		539.09		323.46		862.55		19.20	%
		2008 additions		29,190.45					19,849.51		9,340.94		5,604.57		14,945.51
FEB	2007	Dell Computer equipment		2,168.89	MACRS (HY)		5		1,041.07		1,127.82		416.43		1,544.25		19.20	%
MAR	2007	Dell Computer equipment		3,189.32	MACRS (HY)		5		1,530.87		1,658.45		612.35		2,270.80		19.20	%
APR	2007	Dell Computer equipment		1,702.12	MACRS (HY)		5		817.02		885.10		326.81		1,211.91		19.20	%
MAY	2007	Sharp Imagecom Copier		15,690.52	MACRS (HY)		5		7,531.45		8,159.07		3,012.58		11,171.65		19.20	%
JUN	2007	Sharp Color Printer		5,172.00	MACRS (HY)		5		2,482.56		2,689.44		993.02		3,682,46		19.20	%
JUN	2007	Binding Machine		5,695.52	MACRS (HY)		5		2,733.85		2,961.67		1,093.54		4,055.21		19.20	%
JUN	2007	Dell Computer equipment		1,603.30	MACRS (HY)		5		769.58		833.72		307.83		1,141.55		19.20	%
Jul	2007	Dell Computer equipment		6,794.96	MACRS (HY)		5		3,261.58		3,533.38		1,304.63		4,838.01		19.20	%
Aug	2007	Dell Computer equipment		2,158.45	MACRS (HY)		6		1,036.06		1,122.39		414.42		1,536.82		19.20	%
Nov	2007	Dell Computer equipment		853.17	MACRS (HY)		6		409.52		443.65		163.81		607.46		19.20	%
		2007 additions		45,028.25					21,613.56		23,414.69		8,645.42		32,060.11
JAN	2006	Conference Room Furniture		3,765.42	MACRS (HY)		5		1,084.44		2,680.98		433.78		3,114.75		11.52	%
FEB	2006	Monitor + 2 Dell PC’s		2,094.44	MACRS (HY)		5		603.20		1,491.24		241.28		1,732.52		11.52	%
FEB	2006	4 Leather Chairs		840.41	MACRS (HY)		5		242.04		598.37		96.82		695.19		11.52	%
MAY	2006	Conference Room Table		3,294.80	MACRS (HY)		5		948.90		2,345.90		379.56		2,725.46		11.52	%
MAY	2006	Dell Projector		886.53	MACRS (HY)		5		255.32		631.21		102.13		733.34		11.52	%
OCT	2006	Dell PC’s/Laptop		3,334.21	MACRS (HY)		5		960.25		2,373.96		384.10		2,758.06		11.52	%
NOV	2006	Shore Quality Office Furniture Suite 363		1,193.66	MACRS (HY)		5		343.78		849.88		137.51		987.39		11.52	%
		2006 additions		15,409.47					4,437.93		10,971.54		1,775.17		12,746.71
JAN	2005	Monitor Printer		686.37	MACRS (HY)		5		118.61		567.76		79.07		646.83		11.52	%
JAN	2005	Shore Family Quality - Office Furniture		1,614.06	MACRS (HY)		5		278.91		1,335.15		185.94		1,521.09		11.52	%
FEB	2005	Chairs		861.15	MACRS (HY)		5		148.80		712.35		99.20		811.55		11.52	%
FEB	2005	Dell - Corp Switch Upgrade		1,461.11	MACRS (HY)		5		252.48		1,208.63		168.32		1,376.95		11.52	%
MAR	2005	4 Dell PC’s		2,275.69	MACRS (HY)		5		393.24		1,882.45		262.16		2,144.61		11.52	%
MAY	2005	Dell - Color Laser printer		1,731.35	MACRS (HY)		5		299.18		1,432.17		199.45		1,631.62		11.52	%
MAY	2005	Shore Family Quality - Office Furniture		323.21	MACRS (HY)		5		55.85		267.36		37.23		304.59		11.52	%
JUN	2005	2 Dell Flat Panel PC’s		661.21	MACRS (HY)		5		114.26		546.95		76.17		623.13		11.52	%
JUN	2005	Corporate Express -Office Furniture		502.13	MACRS (HY)		5		86.77		415.36		57.85		473.21		11.52	%
JUN	2005	Sharp Copier		17,070.84	MACRS (HY)		5		2,949.84		14,121.00		1,966.56		16,087.56		11.52	%
AUG	2005	3 Dell PC’s		1,754.02	MACRS (HY)		5		303.10		1,450.92		202.06		1,652.99		11.52	%
SEP	2005	Dell Laptop		1,378.13	MACRS (HY)		5		238.14		1,139.99		158.76		1,298.75		11.52	%

Page 1 of 9

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS		METHOD	LIFE		REMAINING BASIS			ACCUM. DEPREC. @ 12/31/08		CURRENT DEPREC EXPENSE			ACCUM. DEPREC. 2009		2009 TAX RATE
SEP	2005	3 Dell PC’s		1,680.08	MACRS (HY)		5		290.31			1,389.77		193.55			1,583.32		11.52	%
OCT	2005	Chairs		1,508.41	MACRS (HY)		5		260.66			1,247.75		173.77			1,421.52		11.52	%
NOV	2005	Converence room Furniture		3,828.47	MACRS (HY)		5		661.56			3,166.91		441.04			3,607.95		11.52	%
DEC	2005	11 Dell PC’s		5,385.09	MACRS (HY)		5		930.54			4,454.55		620.36			5,074.91		11.52	%
		2005 additions		42,721.32					7,382.23			35,339.09		4,921.50			40,260.59
JAN	2004	Computer Equipment - Scanner, Servers		14,586.05	MACRS (HY)		5		840.15			13,745.90		840.15			14,586.05		5.76	%
JAN	2004	Comm Prop - Chairs		570.82	MACRS (HY)		5		32.88			537.94		32.88			570.82		5.76	%
FEB	2004	Reception Furniture		395.19	MACRS (HY)		5		22.76			372.43		22.76			395.19		5.76	%
FEB	2004	PC Monitors		1,374.95	MACRS (HY)		5		79.20			1,295.75		79.20			1,374.95		5.76	%
MAR	2004	Corp PC’s		2,129.16	MACRS (HY)		5		122.64			2,006.52		122.64			2,129.16		5.76	%
APR	2004	Water heater for Kitchen		950.00	MACRS (HY)		5		54.72			895.28		54.72			950.00		5.76	%
APR	2004	Monitor for Front Desk		355.58	MACRS (HY)		5		20.47			335.11		20.47			355.58		5.76	%
MAY	2004	7 Printers		5,472.06	MACRS (HY)		5		315.19			5,156.87		315.19			5,472.06		5.76	%
JUN	2004	Shore Family Quality - Office Furniture		5,933.39	MACRS (HY)		5		341.76			5,591.63		341.76			5,933.39		5.76	%
JUL	2004	Shore Family Quality - Office Furniture		831.58	MACRS (HY)		5		47.89			783.69		47.89			831.58		5.76	%
JUL	2004	Modular Technology Innovations-Office Furniture		1,158.31	MACRS (HY)		5		66.72			1,091.59		66.72			1,158.31		5.76	%
JUL	2004	Ricoh Fax		2,413.60	MACRS (HY)		5		139.03			2,274.57		139.03			2,413.60		5.76	%
JUL	2004	5 Pentium 4 Processors		2,850.02	MACRS (HY)		5		164.17			2,685.85		164.17			2,850.02		5.76	%
JUL	2004	5 Dell PC’s		3,281.03	MACRS (HY)		5		188.98			3,092.05		188.98			3,281.03		5.76	%
JUL	2004	Ergonomic Chairs		326.33	MACRS (HY)		5		18.78			307.55		18.78			326.33		5.76	%
AUG	2004	Shore Family Quality - Office Furniture		997.43	MACRS (HY)		5		57.44			939.99		57.44			997.43		5.76	%
SEP	2004	Shore Family Quality - Office Furniture		894.29	MACRS (HY)		5		51.52			842.77		51.52			894.29		5.76	%
OCT	2004	Dell Flat Panel		340.71	MACRS (HY)		5		19.62			321.09		19.62			340.71		5.76	%
OCT	2004	Dell Monitors		1,000.89	MACRS (HY)		5		57.65			943.24		57.65			1,000.89		5.76	%
OCT	2004	Dell PC’s		2,438.61	MACRS (HY)		5		140.46			2,298.15		140.46			2,438.61		5.76	%
NOV	2004	Office Furniture + 2 Office Chairs		1,002.02	MACRS (HY)		5		57.71			944.31		57.71			1,002.02		5.76	%
DEC	2004	Dell PC’s, Monitor and Cameras		4,598.66	MACRS (HY)		5		264.89			4,333.77		264.89			4,598.66		5.76	%
		2004 additions		53,900.68					3,104.64			50,796.04		3,104.64			53,902.88
MAY	2003	Furniture-B Taylor’s office		845.58	MACRS (HY)		5		(0.01	)		845.59		(0.01	)		845.58
JULY	2003	Computer Equipment-Server		3,607.71	MACRS (HY)		5		(0.00	)		3,607.71		(0.00	)		3,607.71
JULY	2003	PRSNL CC-Software		6,729.16	MACRS (HY)		5		0.00			6,729.16		0.00			6,729.16
AUG	2003	22 Dell Computers		13,938.54	MACRS (HY)		5		0.00			13,938.54		0.00			13,938.54
OCT	2003	System Upgrade		953.66	MACRS (HY)		5		0.01			953.65		0.01			953.66
NOV	2003	Furniture		1,582.28	MACRS (HY)		5		(0.01	)		1,582.29		(0.01	)		1,582.28
NOV	2003	Power Washer from AAI Painting SVS 10/01		1,095.41	MACRS (HY)		7		(0.01	)		1,095.42		(0.01	)		1,095.41
NOV	2003	2 TW 4500 Gas from AAI Painint SVS 10/01		7,006.64	MACRS (HY)		7		0.00			7,006.64		0.00			7,006.64
DEC	2003	Prop Furniture		2,488.77	MACRS (HY)		5		0.00			2,488.77		0.00			2,488.77
DEC	2003	5 Dell Pentium 4 Processor		2,634.49	MACRS (HY)		5		0.00			2,634.49		0.00			2,634.49
		2003 additions		40,882.24					(0.01	)		40,882.25		(0.01	)		40,882.24
MAR	2002	Computer Equipment		2,250.00	MACRS (HY)		5		(0.01	)		2,250.01		0.00			2,250.01
JULY	2002	Server		519.42	MACRS (HY)		5		(0.01	)		519.43		0.00			519.43
OCT	2002	Computer Equipment		3,281.01	MACRS (HY)		5		(0.01	)		3,281.02		0.00			3,281.02
DEC	2002	MailMarshal Software		2,644.15	MACRS (HY)		5		0.00			2,644.15		0.00			2,644.15
		2002 additions		8,694.58					(0.03	)		8,694.61		0.00			8,694.61

Page 2 of 9

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS		METHOD	LIFE		REMAINING BASIS		ACCUM. DEPREC. @ 12/31/08		CURRENT DEPREC EXPENSE		ACCUM. DEPREC. 2009		2009 TAX RATE
FEB	2001	INTERNET ROUTER		928.00	MACRS (HY)		5		—		928.00		0.00		928.00
FEB	2001	SERVER/ANTIVIRUS SOFTWARE		2,900.35	MACRS (HY)		5		—		2,900.35		0.00		2,900.35
MAR	2001	PRINTERS		1,929.54	MACRS (HY)		5		—		1,929.54		0.00		1,929.54
MAY	2001	3 PRINTERS		2,046.98	MACRS (HY)		5		—		2,046.98		0.00		2,046.98
JUN	2001	COMPUTER TOWERS		12,000.00	MACRS (HY)		5		—		12,000.00		0.00		12,000.00
JUN	2001	FIRESAFE		612.50	MACRS (HY)		5		—		612.50		0.00		612.50
SEPT	2001	XEROX COPIER		7,980.00	MACRS (HY)		5		—		7,980.00		0.00		7,980.00
SEPT	2001	COMPUTER MONITORS, SCANNER		1,526.81	MACRS (HY)		5		—		1,526.81		0.00		1,526.81
OCT	2001	XEROX 265 DC COPIER		3,478.75	MACRS (HY)		5		—		3,478.75		0.00		3,478.75
DEC	2001	COMPUTER MONITORS		1,670.45	MACRS (HY)		5		—		1,670.45		0.00		1,670.45
DEC	2001	LAPTOP		955.68	MACRS (HY)		5		—		955.68		0.00		955.68
		2001 ADDITIONS		36,029.06					—		36,029.06		0.00		36,029.06
JAN	2000	WALNUT DESK		605.00	MACRS (HY)		5		—		605.00		0.00		605.00
FEB	2000	TMG-COMPUTER		702.63	MACRS (HY)		5		—		702.63		0.00		702.63
FEB	2000	DESK/CREDENZA/BOOKCASE		1,248.25	MACRS (HY)		5		—		1,248.25		0.00		1,248.25
MAR	2000	COMPUTER/VIEWSONIC		3,577.15	MACRS (HY)		5		—		3,577.15		0.00		3,577.15
MAR	2000	PRINTER		825.11	MACRS (HY)		5		—		825.11		0.00		825.11
MAR	2000	MONITOR		950.52	MACRS (HY)		5		—		950.52		0.00		950.52
MAR	2000	LAD. 4 DRAWER FILES		2,648.93	MACRS (HY)		5		—		2,648.93		0.00		2,648.93
APR	2000	CONFERENCE ROOM TABLE		958.47	MACRS (HY)		5		—		958.47		0.00		958.47
MAY	2000	COMPUTER CABINET		1,764.64	MACRS (HY)		5		—		1,764.64		0.00		1,764.64
MAY	2000	PRINTER		768.25	MACRS (HY)		5		—		768.25		0.00		768.25
JUN	2000	COMPUTERS		7,748.30	MACRS (HY)		5		—		7,748.30		0.00		7,748.30
JUL	2000	MRI UPGRADE/SOFTWARE/MODEM		8,404.87	MACRS (HY)		5		—		8,404.87		0.00		8,404.87
JUL	2000	BUDGETRAC LICENSES		1,612.50	MACRS (HY)		5		—		1,612.50		0.00		1,612.50
JUL	2000	PC & MONITOR		1,408.85	MACRS (HY)		5		—		1,408.85		0.00		1,408.85
SEPT	2000	PRINTER		826.51	MACRS (HY)		5		—		826.51		0.00		826.51
SEPT	2000	2 MONITORS, PRINTER		1,983.28	MACRS (HY)		5		—		1,983.28		0.00		1,983.28
SEPT	2000	SERVER		8,725.60	MACRS (HY)		5		—		8,725.60		0.00		8,725.60
SEPT	2000	MONITOR		407.29	MACRS (HY)		5		—		407.29		0.00		407.29
SEPT	2000	AMERICAN INSTITUTE OF ARCHITECTS SOFTWARE		465.00	MACRS (HY)		5		—		465.00		0.00		465.00
OCT	2000	5 MONITORS, KEYBOARDS		2,341.74	MACRS (HY)		5		—		2,341.74		0.00		2,341.74
OCT	2000	COMPUTER BACKUP SOFTWARE		2,201.54	MACRS (HY)		5		—		2,201.54		0.00		2,201.54
OCT	2000	EXTERNAL COMPUTER TAPE DRIVE		6,118.05	MACRS (HY)		5		—		6,118.05		0.00		6,118.05
OCT	2000	COMPUTER UPGRADES		1,569.34	MACRS (HY)		5		—		1,569.34		0.00		1,569.34
NOV	2000	MS EX SERVER 5		995.00	MACRS (HY)		5		—		995.00		0.00		995.00
NOV	2000	COMPUTER KIT		1,164.56	MACRS (HY)		5		—		1,164.56		0.00		1,164.56
NOV	2000	MS WINDOWS 2000		1,292.95	MACRS (HY)		5		—		1,292.95		0.00		1,292.95
NOV	2000	PHONE MODEM-PAYROLL		245.00	MACRS (HY)		5		—		245.00		0.00		245.00
NOV	2000	HP PROCURVE COMPUTER SOFTWARE		1,127.19	MACRS (HY)		5		—		1,127.19		0.00		1,127.19
NOV	2000	COMPUTER SERVER		1,555.91	MACRS (HY)		5		—		1,555.91		0.00		1,555.91
NOV	2000	COMPUTER		777.96	MACRS (HY)		5		—		777.96		0.00		777.96
NOV	2000	COMPUTER		2,455.62	MACRS (HY)		5		—		2,455.62		0.00		2,455.62
NOV	2000	33 COMPUTER TOWERS		18,667.69	MACRS (HY)		5		—		18,667.69		0.00		18,667.69
DEC	2000	COMPUTER		1,232.52	MACRS (HY)		5		—		1,232.52		0.00		1,232.52
		2000 ADDITIONS		87,376.22					0.00		87,376.22		0.00		87,376.22

Page 3 of 9

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS		METHOD	LIFE		REMAINING BASIS		ACCUM. DEPREC. @12/31/08		CURRENT DEPREC EXPENSE		ACCUM. DEPREC. 2009		2009 TAX RATE
FEB	1999	DCI SYSTEMS TECH SUPPORT		9,586.06	MACRS (HY)		5		—		9,586.06		0.00		9,586.06
FEB	1999	OFFICE FURNITURE		191.62	MACRS (HY)		5		—		191.62		0.00		191.62
FEB	1999	SIMM COMPUTER		405.14	MACRS (HY)		5		—		405.14		0.00		405.14
MAR	1999	DCI SYSTEMS TECH SUPPORT		6,518.75	MACRS (HY)		5		—		6,518.75		0.00		6,518.75
MAR	1999	FILE CABNET		288.47	MACRS (HY)		5		—		288.47		0.00		288.47
APR	1999	DCI SYSTEMS TECH SUPPORT		1,221.25	MACRS (HY)		5		—		1,221.25		0.00		1,221.25
APR	1999	OFFICE CHAIR		269.36	MACRS (HY)		5		—		269.36		0.00		269.36
APR	1999	FILE CABINET		923.37	MACRS (HY)		5		—		923.37		0.00		923.37
JUN	1999	OPTIQUEST MONITOR		1,325.45	MACRS (HY)		5		—		1,325.45		0.00		1,325.45
JUN	1999	CABINET-CONFERENCE ROOM		2,008.00	MACRS (HY)		5		—		2,008.00		0.00		2,008.00
JUL	1999	BUDGETRAC SERVICE PLAN-SUPPORT		1,612.50	MACRS (HY)		5		—		1,612.50		0.00		1,612.50
AUG	1999	BNA FIXED ASSETS-SUPPORT		745.39	MACRS (HY)		5		—		745.39		0.00		745.39
AUG	1999	DCI SYSTEMS TECH SUPPORT		37.50	MACRS (HY)		5		—		37.50		0.00		37.50
AUG	1999	FAX MACHINE		3,771.25	MACRS (HY)		5		—		3,771.25		0.00		3,771.25
SEP	1999	ER’S COMPUTER		539.83	MACRS (HY)		5		—		539.83		0.00		539.83
SEP	1999	PRINTER		694.99	MACRS (HY)		5		—		694.99		0.00		694.99
SEP	1999	H.RADY TV		226.99	MACRS (HY)		5		—		226.99		0.00		226.99
OCT	1999	PRINTERS		1,417.99	MACRS (HY)		5		—		1,417.99		0.00		1,417.99
OCT	1999	PRINTERS-RPM 101		709.00	MACRS (HY)		5		—		709.00		0.00		709.00
OCT	1999	H.RADY COMPUTER		1,344.72	MACRS (HY)		5		—		1,344.72		0.00		1,344.72
OCT	1999	DVD ROM KIT		134.69	MACRS (HY)		5		—		134.69		0.00		134.69
OCT	1999	PRINTER FOR-CONSTR. 103		7,514.49	MACRS (HY)		5		—		7,514.49		0.00		7,514.49
DEC	1999	CONSTRUCTION FAX MACHINE		696.50	MACRS (HY)		5		—		696.50		0.00		696.50
DEC	1999	MONITOR		255.96	MACRS (HY)		5		—		255.96		0.00		255.96
DEC	1999	RECEPTIONIST PRINTER		455.07	MACRS (HY)		5		—		455.07		0.00		455.07
		1999 ADDITIONS		42,894.34					0.00		42,894.34		0.00		42,894.34
JAN	1998	COMPUTER		969.70	MACRS (HY)		5		—		969.70		0.00		969.70
MAY	1998	COMPUTERS		52,818.22	MACRS (HY)		5		—		52,818.22		0.00		52,818.22
JUN	1998	WORKSTATION		737.50	MACRS (HY)		5		—		737.50		0.00		737.50
JUN	1998	COMPUTER UPGRADE		36,417.59	MACRS (HY)		5		—		36,417.59		0.00		36,417.59
JUN	1998	PRINTER		218.07	MACRS (HY)		5		—		218.07		0.00		218.07
JUL	1998	TRAINING		3,300.00	MACRS (HY)		5		—		3,300.00		0.00		3,300.00
JUL	1998	COMPUTER UPGRADE		17,877.05	MACRS (HY)		5		—		17,877.05		0.00		17,877.05
JUL	1998	ENGINEERING		250.00	MACRS (HY)		5		—		250.00		0.00		250.00
AUG	1998	MRI ACCOUNTING SYSTEM		48,315.78	MACRS (HY)		5		—		48,315.78		0.00		48,315.78
AUG	1998	NT SERVER KIT		142.00	MACRS (HY)		5		—		142.00		0.00		142.00
AUG	1998	VIRUS PROTECTION		2,245.51	MACRS (HY)		5		—		2,245.51		0.00		2,245.51
AUG	1998	PRINTER-LASER JET		809.44	MACRS (HY)		5		—		809.44		0.00		809.44
SEPT	1998	COMPUTER MEMORY- 64MB		1,540.80	MACRS (HY)		5		—		1,540.80		0.00		1,540.80
SEPT	1998	PRINTER-LASER JET		1,076.42	MACRS (HY)		5		—		1,076.42		0.00		1,076.42
NOV	1998	MRI TECH SUPPORT FOR BUDGETRAC		1,612.60	MACRS (HY)		5		—		1,612.50		0.00		1,612.50
NOV	1998	DCI SYSTEMS TECH SUPPORT		15,000.00	MACRS (HY)		5		—		15,000.00		0.00		15,000.00
NOV	1998	ETHERNET		87.74	MACRS (HY)		5		—		87.74		0.00		87.74
NOV	1998	SHELVES		3,142.50	MACRS (HY)		5		—		3,142.50		0.00		3,142.50
NOV	1998	5 CHAIRS (SUE,SHARON,SHAWN,WENDY,GERI)		1,798.35	MACRS (HY)		5		—		1,798.35		0.00		1,798.35
DEC	1998	PRINTER		863.99	MACRS (HY)		5		—		863.99		0.00		863.99
DEC	1998	BNA FIXED ASSET SOFTWARE		1,281.66	MACRS (HY)		5		—		1,281.66		0.00		1,281.66

Page 4 of 9

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS			METHOD	LIFE		REMAINING BASIS			ACCUM. DEPREC. @ 12/31/08			CURRENT DEPREC EXPENSE		ACCUM. DEPREC. 2009			2009 TAX RATE
DEC	1998	DCI SYSTEMS TECH SUPPORT		3,187.50		MACRS (HY)		5		—			3,187.50			0.00		3,187.50
		1998 ADDITIONS		193,692.32						0.00			193,692.32			0.00		193,692.32
JAN	1997	ELECTRICAL WORK FOR AAI REMODEL		3,183.52		MACRS (HY)		5		(0.00	)		3,183.52			0.00		3,183.52
JAN	1997	60” ROUND CONFERENCE TABLE TOP		456.86		MACRS (HY)		5		—			456.86			0.00		456.86
FEB	1997	STAMPEDE SOFTWARE FOR MODEM		261.83		MACRS (HY)		5		(0.00	)		261.83			0.00		261.83
FEB	1997	MAPLE COMPUTER DESK		377.07		MACRS (HY)		5		0.00			377.07			0.00		377.07
FEB	1997	OFFICE FURNITURE -ARENSON OFFICE SUPPLY		538.59		MACRS (HY)		5		—			538.59			0.00		538.59
MAR	1997	BUDGETRAC ACCOUNTING SOFTWARE		12,362.50		MACRS (HY)		5		—			12,362.50			0.00		12,362.50
APR	1997	REUPHOLSTERY OF SOFA & CHAIRS		2,664.68		MACRS (HY)		5		—			2,664.68			0.00		2,664.68
APR	1997	LANDesk VIRUS PROTECTION SOFTWARE		247.04		MACRS (HY)		5		0.00			247.04			0.00		247.04
APR	1997	PRINTERS-TIG		624.64		MACRS (HY)		5		0.00			624.64			0.00		624.64
APR	1997	PRINTERS-TIG		600.00		MACRS (HY)		5		—			600.00			0.00		600.00
APR	1997	MAPLE LATERAL FILE		275.53		MACRS (HY)		5		(0.00	)		275.53			0.00		275.53
APR	1997	MAPLE BOOKCASE		204.03		MACRS (HY)		5		—			204.03			0.00		204.03
APR	1997	MAPLE TYPEWRITER STAND		153.85		MACRS (HY)		5		—			153.85			0.00		153.85
MAY	1997	CABINET FOR CHECK FILE		350.00		MACRS (HY)		5		—			350.00			0.00		350.00
JUN	1997	50% PYMNT ON CUBE CHANGE CONTRACT		466.02		MACRS (HY)		5		—			466.02			0.00		466.02
JUN	1997	REARRANGE CUBICAL SETUP		676.37		MACRS (HY)		5		0.00			676.37			0.00		676.37
JUL	1997	WORKSURFACE, 5’x20” TR-R BEIGE		118.41		MACRS (HY)		5		—			118.41			0.00		118.41
JUL	1997	SHELF 60” TR-R BEIGE		39.66		MACRS (HY)		5		—			39.66			0.00		39.66
JUL	1997	SHARP COPIER MODEL # SF-2050 sold in August		13,044.00		MACRS (HY)		5		(0.00	)		13,044.00			0.00		13,044.00
				(13,044.00	)					—			(13,044.00	)		0.00		(13,044.00	)
SEP	1997	PRINTERS-TIG		418.07		MACRS (HY)		5		—			418.07			0.00		418.07
		1997 ADDITIONS		24,018.67						(0.00	)		24,018.67			0.00		24,018.67
JAN	1996	HP4 PRINTER RAM		230.10		MACRS (HY)		5		—			230.10			0.00		230.10
JAN	1996	HP5L PRINTER		2,643.30		MACRS (HY)		5		—			2,643.30			0.00		2,643.30
JAN	1996	DX4-100 COMPUTER SYSTEM		1,390.33		MACRS (HY)		5		—			1,390.33			0.00		1,390.33
JAN	1996	14.4 FAX MODEM		170.13		MACRS (HY)		5		—			170.13			0.00		170.13
APR	1996	2 MOTOROLA SP50 RADIOS (AAISS)		831.60		MACRS (HY)		5		—			831.60			0.00		831.60
APR	1996	OFFICE PRO & WINDOWS 95		1,306.47		MACRS (HY)		5		—			1,306.47			0.00		1,306.47
JUL	1996	HP 5N LASER PRINTER		3,624.71		MACRS (HY)		5		—			3,624.71			0.00		3,624.71
JUL	1996	11 HOLGA 4 DRAWER LATERAL FILE CABINETS		6,437.69		MACRS (HY)		5		—			6,437.69			0.00		6,437.69
JUL	1996	16 STORAGE RACKS (BASEMENT)		2,054.90		MACRS (HY)		5		—			2,054.90			0.00		2,054.90
AUG	1996	LJ 5L-FS PRINTER		493.50		MACRS (HY)		5		—			493.50			0.00		493.50
AUG	1996	4 15” .28 10X7NI ES/MPRII PLUG/PLAY		1,456.78		MACRS (HY)		5		—			1,456.78			0.00		1,456.78
AUG	1996	GUEST CHAIRS - LOBBY		2,580.62		MACRS (HY)		5		—			2,580.62			0.00		2,580.62
AUG	1996	30 HON MOBILE FILES		3,760.48		MACRS (HY)		5		—			3,760.48			0.00		3,760.48
SEP	1996	HP 5N LASER PRINTER		1,592.55		MACRS (HY)		5		—			1,592.55			0.00		1,592.55
SEP	1996	CHAIR-MAHOGANY W/ BLACK LEATHER SEAT		1,212.19		MACRS (HY)		5		—			1,212.19			0.00		1,212.19
SEP	1996	12 SAMSONITE CHAIRS, CHROME & BURGUNDY		905.10		MACRS (HY)		5		—			905.10			0.00		905.10
SEP	1996	2 15” DRUM TABLE		711.15		MACRS (HY)		5		—			711.15			0.00		711.15
SEP	1996	10 HAWORTH GUEST CHAIRS/FERN FABRIC		808.13		MACRS (HY)		5		—			808.13			0.00		808.13
SEP	1996	ARM ROTARY CHAIR, TRIANGLE FABRIC		382.51		MACRS (HY)		5		—			382.51			0.00		382.51
SEP	1996	2 ARM ROTARY CHAIR, MELROSE LAGOON FABI		637.88		MACRS (HY)		5		—			637.88			0.00		637.88
SEP	1996	60” CONFERENCE TABLE, BEIGE		323.25		MACRS (HY)		5		—			323.25			0.00		323.25
SEP	1996	MAHOGANY DESK, CREDENZA, FILING CABINET		2,018.43		MACRS (HY)		5		—			2,018.43			0.00		2,018.43

Page 5 of 9

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS	METHOD	LIFE	REMAINING BASIS		ACCUM. DEPREC. @12/31/08	CURRENT DEPREC EXPENSE	ACCUM. DEPREC. 2009	2009 TAX RATE
OCT	1996	HOLGA 4 DRAWER LATERAL FILE CABINET	585.24	MACRS (HY)	5	—		585.24	0.00	585.24
OCT	1996	HOLGA 2 DRAWER LATERAL FILE CABINET	344.80	MACRS (HY)	5	—		344.80	0.00	344.80
OCT	1996	CABINETRY IN SUPPLY ROOM	2,750.00	MACRS (HY)	5	—		2,750.00	0.00	2,750.00
OCT	1996	HAWORTH WORKSURFACES, PENCIL DRAWERS	2,309.36	MACRS (HY)	5	—		2,309.36	0.00	2,309.36
OCT	1996	WHIRLPOOL DISHWASHER	328.95	MACRS (HY)	5	—		328.95	0.00	328.95
OCT	1996	3 SKYLINE USER LICENSES	3,232.50	MACRS (HY)	5	—		3,232.50	0.00	3,232.50
NOV	1996	12 SAMSONITE CHAIRS, CHROME & BURGUNDY	905.10	MACRS (HY)	5	—		905.10	0.00	905.10
NOV	1996	LASERJET 6P PRINTER	839.37	MACRS (HY)	5	—		839.37	0.00	839.37
NOV	1996	DESKJET 820CXI WINDOWS PRINTER	422.38	MACRS (HY)	5	—		422.38	0.00	422.38
NOV	1996	TOTAL PLAN 36” ROUND TABLE	953.59	MACRS (HY)	5	—		953.59	0.00	953.59
NOV	1996	MICROAGE ACCESS LICENSES	340.49	MACRS (HY)	5	—		340.49	0.00	340.49
DEC	1996	NETWORK CABELING	16,693.35	MACRS (HY)	5	—		16,693.35	0.00	16,693.35
DEC	1996	COMPUTER SYSTEM INSTALLATION	9,537.50	MACRS (HY)	5	—		9,537.50	0.00	9,537.50
		1996 ADDITIONS	74,814.43			0.00		74,814.43	0.00	74,814.43
FEB	1995	MICR UPGRADE-SKYLINE	1,920.65	MACRS (HY)	5	—		1,920.65	0.00	1,920.65
FEB	1995	HP-4 LASER PRINTER	1,785.06	MACRS (HY)	5	—		1,785.06	0.00	1,785.06
APR	1995	2 LATERAL FILE CABINETS	1,367.46	MACRS (HY)	5	—		1,367.46	0.00	1,367.46
JULY	1995	2 14.4 MODEMS	536.88	MACRS (HY)	5	—		536.88	0.00	536.88
AUG	1995	SHARP 60 CPM COPIER	17,195.97	MACRS (HY)	5	—		17,195.97	0.00	17,195.97
		1995 ADDITIONS	22,806.02			0.00		22,806.02	0.00	22,806.02
JAN	1994	EPSON FX 870 PRINTER	300.63	MACRS (HY)	5	(0.00	)	300.63	0.00	300.63
JAN	1994	EPSON FX 870 PRINTER	300.62	MACRS (HY)	5	0.00		300.62	0.00	300.62
APR	1994	AST FILE SERVER	5,484.82	MACRS (HY)	5	0.00		5,484.82	0.00	5,484.82
APR	1994	NETWARE 3.21	1,095.68	MACRS (HY)	5	0.00		1,095.68	0.00	1,095.68
JUN	1994	SKYLINE MULTI USERS LICENSE	1,064.65	MACRS (HY)	5	0.00		1,064.65	0.00	1,064.65
AUG	1994	TRAILER	500.00	MACRS (HY)	5	0.00		500.00	0.00	500.00
OCT	1994	HANDHELD MOBILE PHONE	496.42	MACRS (HY)	5	0.00		496.42	0.00	496.42
		1994 ADDITIONS	9,242.82			(0.00	)	9,242.82	0.00	9,242.82
JAN	1993	HP DESKJET 500 PRINTER	397.60	MACRS (HY)	5	0.00		397.60	0.00	397.60
JAN	1993	7406 DIGITAL TELEPHONE	448.00	MACRS (HY)	5	0.00		448.00	0.00	448.00
JAN	1993	CELLULAR PHONE (AUSTIN)	346.96	MACRS (HY)	5	0.00		346.96	0.00	346.96
FEB	1993	HP DESKJET 500 PRINTER	406.22	MACRS (HY)	5	0.00		406.22	0.00	406.22
MAR	1993	470KM 115V BINDING MACHINE	1,838.62	MACRS (HY)	5	0.00		1,838.62	0.00	1,838.62
MAR	1993	7303 HYBRID TELEPHONE	225.00	MACRS (HY)	5	0.00		225.00	0.00	225.00
MAR	1993	HP DESKJET 500 PRINTER	402.99	MACRS (HY)	5	0.00		402.99	0.00	402.99
MAR	1993	NEC 770 FACSIMILE	3,448.00	MACRS (HY)	5	0.00		3,448.00	0.00	3,448.00
APR	1993	8 COMPUTER MONITOR GLARE SCREENS	378.57	MACRS (HY)	5	0.00		378.57	0.00	378.57
APR	1993	TRANSCRIBER	283.38	MACRS (HY)	5	0.00		283.38	0.00	283.38
MAY	1993	CELLULAR PHONE (ANDRADE)	495.65	MACRS (HY)	5	0.00		495.65	0.00	495.65
JUN	1993	EPSON FX870 PRINTER	311.40	MACRS (HY)	5	0.00		311.40	0.00	311.40
JUL	1993	5 7303 HYBRID TELEPHONES (ACCTG)	808.12	MACRS (HY)	5	0.00		808.12	0.00	808.12
SEP	1993	EPSON FX870 PRINTER (KREPAK)	316.79	MACRS (HY)	5	0.00		316.79	0.00	316.79
SEP	1993	HP DESKJET 500 PRINTER (KELLY)	316.79	MACRS (HY)	5	0.00		316.79	0.00	316.79
FEB	1993	GREY J-JE CAPRI CHAIR	610.43	MACRS (HY)	7	0.00		610.43	0.00	610.43
MAR	1993	2 PLAN HOLDERS	1,076.24	MACRS (HY)	7	0.00		1,076.24	0.00	1,076.24

Page 6 of 9

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS	METHOD	LIFE	REMAINING BASIS	ACCUM. DEPREC. @ 12/31/08	CURRENT DEPREC EXPENSE	ACCUM. DEPREC. 2009	2009 TAX RATE
APR	1993	BLACK 4 DRAWER LEGAL FILE CABINET	365.27	MACRS (HY)	7	0.00	365.27	0.00	365.27
APR	1993	SAND 5 DRAWER FLAT FILE CABINET	501.15	MACRS (HY)	7	0.00	501.15	0.00	501.15
APR	1993	2 LATERAL FILES	399.87	MACRS (HY)	7	0.00	399.87	0.00	399.87
APR	1993	CONFERENCE ROOM TABLE	397.60	MACRS (HY)	7	0.00	397.60	0.00	397.60
JUN	1993	6 HAWORTH CHAIRS W/ARMS (CONF ROOM)	2,172.24	MACRS (HY)	7	0.00	2,172.24	0.00	2,172.24
JUL	1993	PUTTY 4 DRAWER LATERAL FILE	608.73	MACRS (HY)	7	0.01	608.72	0.01	608.73
		1993 ADDITIONS	16,555.62			0.01	16,555.61	0.01	16,555.62
FEB	1992	CELLULAR PHONE (INSLEE)	216.49	MACRS (HY)	5	0.00	216.49	0.00	216.49
MAR	1992	CELLULAR PHONE (CHAMBERLAIN)	346.79	MACRS (HY)	5	0.00	346.79	0.00	346.79
MAR	1992	CALCULATOR	64.97	MACRS (HY)	5	0.00	64.97	0.00	64.97
APR	1992	CELLULAR PHONE (KRUL)	364.00	MACRS (HY)	5	0.00	364.00	0.00	364.00
MAY	1992	SPEAKER PHONE	170.00	MACRS (HY)	5	0.00	170.00	0.00	170.00
JUN	1992	CAMERA	125.10	MACRS (HY)	5	0.00	125.10	0.00	125.10
AUG	1992	HP DESKJET 500 PRINTER	419.15	MACRS (HY)	5	0.00	419.15	0.00	419.15
AUG	1992	SOFTWARE, COLLECTIONS PROGRAM	6,540.98	MACRS (HY)	5	0.00	6,540.98	0.00	6,540.98
NOV	1992	HP DESKJET 500 PRINTER	418.61	MACRS (HY)	5	0.00	418.61	0.00	418.61
NOV	1992	HP DESKJET 500 PRINTER (HALFERTY)	418.61	MACRS (HY)	5	0.00	418.61	0.00	418.61
FEB	1992	HAWORTH OFFICE CHAIR	412.26	MACRS (HY)	7	0.00	412.26	0.00	412.26
APR	1992	LEGAL FILE CABINET	172.96	MACRS (HY)	7	0.00	172.96	0.00	172.96
JUN	1992	RECEPTION AREA FURNITURE	1,868.33	MACRS (HY)	7	0.00	1,868.33	0.00	1,868.33
JUL	1992	RECEPTION AREA FURNITURE	360.62	MACRS (HY)	7	0.00	360.62	0.00	360.62
AUG	1992	TWO 4-DRAWER LEGAL FILES	364.02	MACRS (HY)	7	0.00	364.02	0.00	364.02
SEP	1992	TWO 4-DRAWER LEGAL FILES	364.02	MACRS (HY)	7	0.00	364.02	0.00	364.02
OCT	1992	FILE CABINET (ACCTG)	619.56	MACRS (HY)	7	0.00	619.56	0.00	619.56
NOV	1992	TACK BOARD (ACCTG)	101.29	MACRS (HY)	7	0.00	101.29	0.00	101.29
		1992 ADDITIONS	13,347.76			0.00	13,347.76	0.00	13,347.76
JAN	1991	PLAN HOLDERS	322.40	MACRS	7	0.00	322.40	0.00	322.40
APR	1991	OFFICE CHAIR	267.49	MACRS	7	0.00	267.49	0.00	267.49
APR	1991	SHARP 9400 COPIER	10,421.80	MACRS	7	0.00	10,421.80	0.00	10,421.80
JUN	1991	PITNEY BOWES POSTAGE MACHINE	3,108.35	MACRS	7	0.00	3,108.35	0.00	3,108.35
JUL	1991	PLAN HOLDER	1,350.45	MACRS	7	0.00	1,350.45	0.00	1,350.45
OCT	1991	SOFTA SOFTWARE UPDATE	1,131.21	MACRS	7	0.00	1,131.21	0.00	1,131.21
		1991 ADDITIONS	16,601.70			0.00	16,601.70	0.00	16,601.70
MAR	1990	2 DICTAPHONES	428.89	MACRS	7	0.00	428.89	0.00	428.89
APR	1990	EUREKA VACUUM	152.23	MACRS	7	0.00	152.23	0.00	152.23
APR	1990	2 OFFICE CHAIRS	321.73	MACRS	7	0.00	321.73	0.00	321.73
APR	1990	SKYLINE INSTALLATION	756.90	MACRS	7	0.00	756.90	0.00	756.90
MAY	1990	EPSON 2550 PRINTER	1,616.25	MACRS	7	0.00	1,616.25	0.00	1,616.25
JUN	1990	DRAFTING TABLE	421.20	MACRS	7	0.00	421.20	0.00	421.20
JUL	1990	OFFICE CHAIR	268.07	MACRS	7	0.00	268.07	0.00	268.07
AUG	1990	SKYLINE MULTIUSER UPGRADE -10	745.38	MACRS	7	0.00	745.38	0.00	745.38
SEP	1990	HP DESKJET 500 PRINTER	573.79	MACRS	7	0.00	573.79	0.00	573.79
SEP	1990	BLUEPRINT RACK	682.11	MACRS	7	0.00	682.11	0.00	682.11
OCT	1990	DEX 730 FAX	3,641.14	MACRS	7	0.00	3,641.14	0.00	3,641.14
OCT	1990	BINDING MACHINE	301.86	MACRS	7	0.00	301.86	0.00	301.86

Page 7 of 9

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS	METHOD	LIFE	REMAINING BASIS	ACCUM. DEPREC. @ 12/31/08	CURRENT DEPREC EXPENSE	ACCUM. DEPREC. 2009	2009 TAX RATE
OCT	1990	SHELVES FOR MBC STORAGE	1,191.93	MACRS	7	0.00	1,191.93	0.00	1,191.93
OCT	1990	2 LATERAL FILES	1,063.81	MACRS	7	0.00	1,063.81	0.00	1,063.81
NOV	1990	DICTAPHONE	224,40	MACRS	7	0.00	224.40	0.00	224.40
		1990 ADDITIONS	12,389.69			0.00	12,389.69	0.00	12,389.69
JAN	1989	CELLULAR PHONE	959.95	MACRS	7	0.00	959.95	0.00	959.95
JAN	1989	MOTOROLA PHONE (MOBILE)	400.00	MACRS	7	0.00	400.00	0.00	400.00
FEB	1989	CELLULAR PHONE	959.95	MACRS	7	0.00	959.95	0.00	959.95
APR	1989	CELLULAR PHONE	781.10	MACRS	7	0.00	781.10	0.00	781.10
SEP	1989	4 DRAWER LEGAL FILE	760.03	MACRS	7	0.00	760.03	0.00	760.03
OCT	1989	SKYLINE SOFTWARE	10,000.00	MACRS	7	0.00	10,000.00	0.00	10,000.00
DEC	1989	HAWORTH PANELS - NEW WORK AREA	5,237.14	MACRS	7	0.00	5,237.14	0.00	5,237.14
DEC	1989	7 DRAWER & 10 DRAWER FLAT FILES	1,867.18	MACRS	7	0.00	1,867.18	0.00	1,867.18
		1989 ADDITIONS	20,965.35			0.00	20,965.35	0.00	20,965.35
MAY	1988	4 DRAWER LEGAL FILE	224.31	MACRS	7	0.00	224.31	0.00	224.31
JUL	1988	CELLULAR PHONE (GARRETT)	520.91	MACRS	7	0.00	520.91	0.00	520.91
		1988 ADDITIONS	745.22			0.00	745.22	0.00	745.22
FEB	1987	DSK,3CHRS,CREDENZA,2BOOKSHLV	1,214.50	MACRS	7	0.00	1,214.50	0.00	1,214.50
FEB	1987	MEDIUM OAK LATERAL FILE	386.90	MACRS	7	0.00	386.90	0.00	386.90
FEB	1987	PANASONIC TYPEWRITER SER #37248	895.70	MACRS	7	0.00	895.70	0.00	895.70
NOV	1987	TWO DRAWER LATERAL FILE	161.74	MACRS	7	0.00	161.74	0.00	161.74
		1987 ADDITIONS	2,658.84			0.00	2,658.84	0.00	2,658.84
FEB	1986	1 HAWORTH ARM ROTARY CHAIR	290.02	ACRS	5	0.00	290.02	0.00	290.02
MAR	1986	2 LATERAL FILES	317.89	ACRS	5	0.00	317.89	0.00	317.89
APR	1986	5 GLASS TABLETOPS	381.00	ACRS	5	0.00	381.00	0.00	381.00
APR	1986	DRAFTING STOOL	212.00	ACRS	5	0.00	212.00	0.00	212.00
APR	1986	SOFA	1,086.50	ACRS	5	0.00	1,086.50	0.00	1,086.50
APR	1986	CLUB CHAIR	371.00	ACRS	5	0.00	371.00	0.00	371.00
APR	1986	SECRETARIAL CHAIR	238.50	ACRS	5	0.00	238.50	0.00	238.50
APR	1986	EXECUTIVE DESK	2,067.00	ACRS	5	0.00	2,067.00	0.00	2,067.00
APR	1986	CREDENZA IN OIL WALNUT	1,680.10	ACRS	5	0.00	1,680.10	0.00	1,680.10
APR	1986	CARREL IN OIL WALNUT	673.10	ACRS	5	0.00	673.10	0.00	673.10
APR	1986	TABLE IN OIL WALNUT	662.50	ACRS	5	0.00	662.50	0.00	662.50
APR	1986	TV CONSOLE CABINET	795.00	ACRS	5	0.00	795.00	0.00	795.00
APR	1986	SOFA	1,378.00	ACRS	5	0.00	1,378.00	0.00	1,378.00
APR	1986	2 LAMP TABLES	530.00	ACRS	5	0.00	530.00	0.00	530.00
APR	1986	2 DECORATOR LAMPS	265.00	ACRS	5	0.00	265.00	0.00	265.00
APR	1986	EXEC. CHAIR (LEATHER W/FABRIC)	1,033.50	ACRS	5	0.00	1,033.50	0.00	1,033.50
APR	1986	6 SIDE ARM CHAIRS	2,862.00	ACRS	5	0.00	2,862.00	0.00	2,862.00
APR	1986	LATERAL FILE	245.92	ACRS	5	0.00	245.92	0.00	245.92
APR	1986	OAK CORNER TABLE	122.96	ACRS	5	0.00	122.96	0.00	122.96
MAY	1986	HAWORTH TASK CHAIR	233.03	ACRS	5	0.00	233.03	0.00	233.03
MAY	1986	CABINET	240.00	ACRS	5	0.00	240.00	0.00	240.00
JUN	1986	2 CLIENT CHAIRS (ALLEN’S OFFICE)	485.48	ACRS	5	0.00	485.48	0.00	485.48
JUN	1986	STENO CHAIR	233.15	ACRS	5	0.00	233.15	0.00	233.15

Page 8 of 9

AMERICAN ASSETS, INC.

FEDERAL DEPRECIATION SCHEDULE

2009

ACQ. DATE		DESCRIPTION	DEPRECIABLE BASIS	METHOD	LIFE	REMAINING BASIS		ACCUM. DEPREC. @ 12/31/08		CURRENT DEPREC EXPENSE	ACCUM. DEPREC. 2009	2009 TAX RATE
JUL	1986	WALNUT VERTICAL FILE	124.02	ACRS	5	0.00		124.02		0.00	124.02
JUL	1986	30” WALNUT BOOKCASE	47.65	ACRS	5	0.00		47.65		0.00	47.65
JUL	1986	OAK LATERAL FILE	246.98	ACRS	5	0.00		246.98		0.00	246.98
JUL	1986	HAWORTH ARM ROTARY CHAIR	301.72	ACRS	5	0.00		301.72		0.00	301.72
NOV	1986	4 DRAWER BLACK LATERAL FILE	200.34	ACRS	5	0.00		200.34		0.00	200.34
		1986 ADDITIONS	17,324.36			0.00		17,324.36		0.00	17,324.36
	1984	G E TELEVISION	243.79	ACRS	5	0.00		243.79		0.00	243.79
	1985	BOOKCASE	117.66	ACRS	5	0.00		117.66		0.00	117.66
	1985	4 TWO-DRAWER LATERAL FILES	983.68	ACRS	5	0.00		983.68		0.00	983.68
	1985	2 FILE CABINETS	283.87	ACRS	5	0.00		283.87		0.00	283.87
	1985	1 TWO-DRAWER VERTICAL FILE	143.10	ACRS	5	0.00		143.10		0.00	143.10
		1984-1985 ADDITIONS	1,772.10			0.00		1,772.10		0.00	1,772.10
		TOTAL FURNITURE & FIXTURES	829,061.50			56,387.84	#	772,673.67		24,051.30	796,727.16
	1978	IBM CORRECTING SELECTRIC	1,017.60	SL	10	0.00		1,017.60		0.00	1,017.60
	1978	FILING CABINET, BOOK CASE	679.15	SL	10	0.00		679.15		0.00	679.15
	1978	SMALL REFRIGERATOR	146.11	SL	10	0.00		146.11		0.00	146.11
	1979	FILE CABINET	136.85	SL	10	0.00		136.85		0.00	136.85
	1980	REFRIGERATOR	434.55	SL	10	0.00		434.55		0.00	434.55
		PRE-ACRS FURNITURE & FIXTURES	2,414.26			0.00		2,414.26		0.00	2,414.26
		TOTAL FURNITURE & FIXTURES	831,475.76			56,387.84	#	775,087.93	#	24,051.30	799,141.42
VEHICLES
NOV	2007	2008 LS 460 Lexus (E.Rady) vin JTHBL46F8850588	65,690.00	MACRS (HY)	5	41,609.20		24,080.80		12,612.48	36,693.28	19.20	%
		SUBTOTALVEHICLES	65,690.00			41,609.20		24,080.80		12,612.48	36,693.28
		TOTAL VEHICLES	65,690.00			41,609.20		24,080.80		12,612.48	36,693.28

Page 9 of 9

Management Agreements

1. Master Management Agreement by and between Alamo Retail, Inc. and American Assets, Inc., dated as of December 3, 2003

2. Sub-Management Agreement by and between Reata Property Management, Inc. and American Assets, Inc., dated as of January 20, 2004; as amended by that First Amendment to Sub-Management Agreement by and between Reata Property Management, Inc. and American Assets, Inc., dated as of January 4, 2010

3. Master Management Agreement by and between Carmel Country Plaza, L.P. and American Assets, Inc., dated as of November 24, 1997

4. Master Management Agreement by and between Hero Retail, Inc. and American Assets, Inc., dated as of March 31, 2003

5. Master Management Agreement by and between Pacific National City Holdings, L.P. and American Assets, Inc., dated as of January 1, 1998

6. Master Management Agreement by and between Pacific Solana Beach Holdings, L.P. and American Assets, Inc., dated as of January 1, 1998

7. Management Agreement by and between Rancho Carmel Plaza, a California limited partnership, and American Assets Management Services, Inc., dated as of June 30, 1992

8. Assignment and Assumption of Management Agreement by and between American Assets Management Services, Inc. and American Assets, Inc., dated as of August 26, 2004

9. Property Management Agreement for Solana Beach Towne Centres I & II, by and among Pacific Towne Centre Assets, Inc., Plaza West, Ltd., for itself and on behalf of Stuart C. Gildred, Trustee under the Trust Agreement dated August 18, 1976, and American Assets, Inc., dated as of March 1, 1997; as amended by that First Amendment to Property Management Agreement by and among Solana Beach Towne Centres Investments, L.P., successor in interest to Pacific Towne Centre Assets, Inc., Plaza West, Ltd., for itself and Stuart C. Gildred, and American Assets, Inc., dated as of December 1, 1997

10. Property Management Agreement for Solana Beach Towne Centres III & IV, by and among Pacific Towne Centre Assets, Inc., Propco, L.P. and American Assets, Inc., dated as of March 1, 1997; as amended by that First Amendment to Property Management Agreement by and among Solana Beach Towne Centres Investments, L.P., successor in interest to Pacific Towne Centre Assets, Inc., Propco, L.P. and American Assets, Inc., dated as of December 1, 1997

11. Master Management Agreement by and between Pacific Waikiki Holdings, L.P. and American Assets, Inc., dated as of March 30, 2005

12. Master Management Agreement by and among Del Monte – DMCH, LLC, Del Monte – DMSJH, LLC, Del Monte – KMBC, LLC, Del Monte – POH, LLC and American Assets, Inc., dated as of June 30, 2005

13. Master Management Agreement by and among Waikele Reserve West Holdings, LLC, Waikele 101 Sorrento, LLC, Waikele 225 Sorrento, LLC, Waikele 101 Stonecrest, LLC, Waikele 225 Stonecrest, LLC and American Assets, Inc., dated as of December 29, 2005

14. Master Management Agreement by and between ICW Plaza Holdings, LLC and American Assets, Inc., dated as of January 31, 2007

15. Master Management Agreement by and between ICW Valencia, L.P. and American Assets, Inc., dated as of July 15, 1998

16. Assignment of Management Agreement by and among ICW Valencia, L.P., ICW Valencia Holdings, LLC and American Assets, Inc., dated as of August 19, 2002

17. Master Management Agreement by and between Pacific North Court Holdings, L.P. and American Assets, Inc., dated as of March 20, 1998; as amended by that First Amendment to Master Management Agreement by and between Pacific North Court Holdings, L.P. and American Assets, Inc., dated as of May 1, 2009

18. Master Management Agreement by and between Pacific South Court Holdings, L.P. and American Assets, Inc., dated as of March 20, 1998

19. Master Management Agreement by and between Pacific Torrey Daycare Holdings, L.P. and American Assets, Inc., dated as of March 26, 1999; as amended by that First Amendment to Master Management Agreement by and between Pacific Torrey Daycare Holdings, L.P. and American Assets, Inc., dated as of May 1, 2009

20. Master Management Agreement by and between Pacific VC1 Holdings, L.P. and American Assets, Inc., dated as of August 15, 2000; as amended by that First Amendment to Master Management Agreement by and between Pacific VC1 Holdings, L.P. and American Assets, Inc., dated as of September 1, 2009

21. Master Management Agreement by and between Pacific VC2 Holdings, L.P. and American Assets, Inc., dated as of August 15, 2000; as amended by that First Amendment to Master Management Agreement by and between Pacific VC2 Holdings, L.P. and American Assets, Inc., dated as of September 1, 2009

22. Master Management Agreement by and between Pacific VC3 Holdings, L.P. and American Assets, Inc., dated as of August 15, 2000; as amended by that First Amendment to Master Management Agreement by and between Pacific VC3 Holdings, L.P. and American Assets, Inc., dated as of September 1, 2009

23. Property Management Agreement for Corporate Centres 1 & 2 by and between Solana Beach Towne Centres Investments, L.P. and American Assets, Inc., dated as of December 1, 1997

24. Master Management Agreement by and between SB Corporate Centre III-IV, LLC and American Assets, Inc., dated as of July 12, 2007

25. Master Management Agreement by and between 160 King Street, LLC and American Assets, Inc., dated as of May 2, 2005

26. Master Management Agreement for the Landmark at One Market Street – San Francisco by and between Landmark – SF, Inc. and American Assets, Inc., dated as of June 15, 2005

27. Management Agreement by and between Imperial Strand, a California limited partnership, and American Assets, Inc., dated as of January 1, 1993

28. Management Agreement by and between Loma Palisades, a California general partnership, and American Assets, Inc., dated as of January 1, 1993

29. Addendum to Management Agreement (Limited Subordination) by and between Loma Palisades, a California general partnership, and American Assets, Inc., dated as of June 30, 2008

30. Master Management Agreement by and between Mariner’s Point, LLC and American Assets, Inc., dated as of May 4, 2001

31. Management Agreement by and between Pacific Santa Fe Holdings, L.P. and American Assets, Inc., dated as of October 15, 1997

32. Asset Management Agreement by and between Novato FF Property, LLC and American Assets, Inc., dated as of May 15, 2007

SCHEDULE B

ASSUMED LIABILITIES

1. All liabilities or obligations relating to the Transferred Employees arising from and after the Closing.

SCHEDULE C

AFFECTED EMPLOYEES

Employee List by State	9/7/10				AA.Corp Count	0
AAI					A-AC Count	#REF!
	Total Count:	98	Total Part Time:	10	A-DM Count	8
	Total CA:	97	Total Full Time:	88	A-HI Count	1
	Total HI:	1			A-HO Count	46
					A-IB Count	8
					A-LMK Count	2
					A-SF Count	5
					A-LP Count	27

PSID

EE#

Last Name

First Name

Hire Date

Title

Supervisor

CC

Dpt. Code

Loc

State

Category

UJG

0584

Rady

Ernest

06/01/67

Chairman and President

Rady, Ernest

100

AA.CORP

(none)

CA

Regular Full Time

AA.Corp Count

1

A-AC Count

#REF!

UJG

4981

Fletcher

Veronica

09/01/05

Administrative Assistant

Vivanco, Jill

647

AA.DMO

A-DM

CA

Regular Full Time

UJG

5526

Helm

George

08/06/07

Director, Maint/Const Coord

Vivanco, Jill

647

AA.DMO

A-DM

CA

Regular Full Time

UJG

5175

Magallan

Abel

07/06/06

Maintenance Technician

Helm, George

647

AA.DMO

A-DM

CA

Regular Full Time

UJG

5978

Neece

Therese

11/10/08

Guest Services Coordinator

Vivanco, Jill

647

AA.DMO

A-DM

CA

Regular Full Time

UJG

6131

Richmond

Curtis

07/27/09

Maintenance Technician

Vivanco, Jill

647

AA.DMO

A-DM

CA

Regular Full Time

UJG

4973

Urmatan

Gina

09/01/05

Assistant General Manager

Vivanco, Jill

647

AA.DMO

A-DM

CA

Regular Full Time

UJG

5287

Varela

Joseph

11/25/06

Maintenance Technician

Helm, George

647

AA.DMO

A-DM

CA

Regular Full Time

UJG

5969

Hoffman

Nick

11/01/08

Maintenance Technician

Helm, George

647

AA.DMO

A-DM

CA

Regular Full Time Site

A-DM Count

8

UJG

5111

Wilson

Pam

04/01/06

Manager, General

Kinney, Mark

660

AA.WLE

A-HI

HI

Regular Full Time

A-HI Count

1

UJG

4657

Gojuangco

Cathy

02/26/07

Administrative Assistant

Henning, Teresa

100

AA.COM

A-HO

CA

Regular Part Time

UJG

1306

Albrektsen

Shaun

06/09/03

Maintenance Technician

Rodriguez, Russell

100

AA.COM

A-HO

CA

Regular Full Time

UJG

6398

Arnett

Wren

08/16/10

Analyst

Chamberlain, John

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

4943

Bailey

Jeff

08/01/05

Help Desk LAN Admin

McCartney, Kenneth

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

0896

Barton

Robert

06/22/98

EVP, CFO

Rady, Ernest

100

AA.ACT

A-HO

CA

Regular Full Time

UJG

4984

Batman

Lori

08/29/05

Manager, Lease Administration

Kinney, Mark

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5671

Calderon

Lily

01/15/08

Marketing Assistant

Jones, Monica

100

AA.COM

A-HO

CA

Regular Full Time

UJG

4550

Chamberlain

John

01/01/89

CEO

Rady, Ernest

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

5082

Chamberlain

Rhonda

02/13/06

Paralegal

Sullivan, Christopher

100

AA.COM

A-HO

CA

Regular Full Time

UJG

0461

Crow

Jacqueline

03/29/93

Property/Corp Administrator

Kinney, Mark

100

AA.RES

A-HO

CA

Regular Full Time

UJG

6344

Demellier

Christina

05/17/10

Director, Financial Rptg

Barton, Robert

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

4625

Durfey

Jim

03/01/04

Vice President, Leasing

Chamberlain, John

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5042

Ebert

Todd

11/14/05

Lease Administrator, Sr

Batman, Lori

100

AA.COM

A-HO

CA

Regular Full Time

UJG

0787

Enriquez

Jaime

03/10/97

Facilities Engineer

Tackabery, Mark

100

AA.COM

A-HO

CA

Regular Full Time

UJG

6383

Fischer

Patrick

07/06/10

Analyst

Barton, Robert

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

1102

Gammieri

Jerry

07/01/00

Vice President, Constructio

Chamberlain, John

100

AA.CONS

A-HO

CA

Regular Full Time

UJG

4949

Greene

Mia

08/01/05

Lease Administrator

Batman, Lori

100

AA.COM

A-HO

CA

Regular Full Time

UJG

1052

Hamerdinger

Diane

01/25/00

Construction Accountant

Gammieri, Jerry

100

AA.CONS

A-HO

CA

Regular Full Time

UJG

5402

Henning

Teresa

05/01/07

Office Property Manager

Kinney, Mark

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5032

Hiller

Shayla

10/31/05

Lease Administrator

Batman, Lori

100

AA.COM

A-HO

CA

Regular Full Time

1

Employee List by State	9/7/10				AA.Corp Count	0
AAI					A-AC Count	#REF!
	Total Count:	98	Total Part Time:	10	A-DM Count	8
	Total CA:	97	Total Full Time:	88	A-HI Count	1
	Total HI:	1			A-HO Count	46
					A-IB Count	8
					A-LMK Count	2
					A-SF Count	5
					A-LP Count	27

PSID

EE#

Last Name

First Name

Hire Date

Title

Supervisor

CC

Dpt. Code

Loc

State

Category

UJG

4772

Jones

Monica

12/01/04

Marketing Director

Kinney, Mark

100

AA.COM

A-HO

CA

Regular Full Time

UJG

0113

Kelly

Wendy

08/31/90

Administrative Manager

Chamberlain, John

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

4595

Kinney

Patrick

01/01/04

VP, Real Estate Operations

Chamberlain, John

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5328

Kouprina

Yulia

03/19/07

Accounts Payable Clerk

McMillan, Graham

100

AA.ACT

A-HO

CA

Regular Full Time

UJG

4552

Krepak

Lynne

04/27/87

Manager, Office

Barton, Robert

100

AA.RES

A-HO

CA

Regular Full Time

UJG

0118

Lacey

Brenda

02/05/88

Dir of Fin Tax Rpt & Dir of IA

Barton, Robert

100

AA.ACT

A-HO

CA

Regular Full Time

UJG

1132

McCartney

Kenneth

12/01/00

Network Manager

Barton, Robert

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

4806

McMillan

Graham

01/17/05

Controller

Barton, Robert

100

AA.ACT

A-HO

CA

Regular Full Time

UJG

5116

Moore

Charles

04/01/06

Facilities Engineer

Henning, Teresa

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5820

Nguyen

Le Hang

06/01/08

Project Accountant

McMillan, Graham

100

AA.ACT

A-HO

CA

Regular Full Time

UJG

5812

Nguyen

Mary

06/01/08

Property Manager Assistant

Rodriguez, Russell

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5751

Placencia

Miguel

04/01/08

Utility Engineer

Henning, Teresa

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5689

Rhodes

Zina

02/04/08

Lease Administrator

Batman, Lori

100

AA.COM

A-HO

CA

Regular Full Time

UJG

6236

Riggs

Chasity

01/18/10

Receptionist

Krepak, Lynne

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

1131

Rodriguez

Russell

12/01/00

Sr. Retail Property Manager

Kinney, Mark

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5315

Rodriguez

Oscar

01/02/07

Maintenance Technician

Enriquez, Jaime

100

AA.COM

A-HO

CA

Regular Full Time

UJG

0126

Smith

Sue

06/01/90

Lease Administrator, Sr

Batman, Lori

100

AA.COM

A-HO

CA

Regular Full Time

UJG

4546

Sullivan

Chris

11/25/03

VP, Retail Leasing

Chamberlain, John

100

AA.COM

A-HO

CA

Regular Full Time

UJG

4589

Tackabery

Mark

08/05/02

Manager, Sr Retail Property

Kinney, Mark

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5698

Templo

Don

02/11/08

Hirsh Administrator

Henning, Teresa

100

AA.COM

A-HO

CA

Regular Full Time

UJG

5195

Tipton

Emily

08/14/06

Accounts Payable Clerk

McMillan, Graham

100

AA.ACT

A-HO

CA

Regular Full Time

UJG

4603

Wang

Shufen

01/08/04

Project Accountant

McMillan, Graham

100

AA.ACT

A-HO

CA

Regular Full Time

UJG

0442

Wood

Arthur

01/04/93

Maintenance Technician

Tackabery, Mark

100

AA.COM

A-HO

CA

Regular Full Time

UJG

4699

Wyll

Adam

09/01/04

SVP, GC

Barton, Robert

100

AA.CORP

A-HO

CA

Regular Full Time

UJG

5015

Xie

Jessica

10/10/05

Project Accountant

McMillan, Graham

100

AA.ACT

A-HO

CA

Regular Full Time

UJG

5839

Brown

Cyndi

06/09/08

Property Manager Assistant

Henning, Teresa

100

AA.COM

A-HO

CA

Regular Part Time -benefit eligible

A-HO Count

46

UJG

0824

Gomez

Luis

07/10/97

Manager, Maintenance

Trotter, Crystal

301

AA.IBG

A-IB

CA

Regular Full Time

UJG

6251

Standaert

John

02/01/10

Manager, Night

Trotter, Crystal

301

AA.IBG

A-IB

CA

Regular Full Time

UJG

6085

Stout

Tess

06/01/09

Assistant Manager

Trotter, Crystal

301

AA.IBG

A-IB

CA

Regular Full Time

UJG

4786

Trotter

Crystal

12/16/04

Manager, Multi Family Property

Austin, Michiel

301

AA.IBG

A-IB

CA

Regular Full Time

UJG

1203

Freeman

Christopher

11/15/01

Maintenance Technician

Gomez, Luis

301

AA.IBG

A-IB

CA

Regular Full Time Site

UJG

0915

Gomez

Sandra

11/16/01

Housekeeper

Trotter, Crystal

301

AA.IBG

A-IB

CA

Regular Full Time Site

UJG

4518

Alvarado

Stephanie

04/02/07

Housekeeper

Gomez, Luis

301

AA.IBG

A-IB

CA

Regular Part Time Site

2

Employee List by State	9/7/10				AA.Corp Count	0
AAI					A-AC Count	#REF!
	Total Count:	98	Total Part Time:	10	A-DM Count	8
	Total CA:	97	Total Full Time:	88	A-HI Count	1
	Total HI:	1			A-HO Count	46
					A-IB Count	8
					A-LMK Count	2
					A-SF Count	5
					A-LP Count	27

PSID

EE#

Last Name

First Name

Hire Date

Title

Supervisor

CC

Dpt. Code

Loc

State

Category

UJG

5060

Saldana

Stacy

12/19/05

Lease Administrator

Trotter, Crystal

301

AA.IBG

A-IB

CA

Regular Part Time Site

A-IB Count

8

UJG

4654

Vivanco

Jill

04/29/04

General Manager, No CA Prop

Kinney, Mark

682

AA.LMK

A-LMK

CA

Regular Full Time

UJG

5157

West

Stacy

06/01/06

Administrative Assistant

Vivanco, Jill

682

AA.LMK

A-LMK

CA

Regular Full Time

A-LMK Count

2

UJG

6324

Klenert

Amy

04/27/10

Lease Administrator

Screen, Laura

302

AA.LP

A-LP

CA

Regular Part Time

UJG

4958

Cramton

Larry

08/08/05

Manager, Night

Screen, Laura

302

AA.LP

A-LP

CA

Regular Full Time

UJG

5144

Didone

Lisa

11/27/09

Bookkeeper

Screen, Laura

302

AA.LP

A-LP

CA

Regular Full Time

UJG

0138

Richey

Marshall

07/31/99

Manager, Sr Maintenance

Screen, Laura

302

AA.LP

A-LP

CA

Regular Full Time

UJG

6200

Rodriguez

Carl

12/07/09

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time

UJG

6165

Screen

Laura

09/28/09

Manager, Multi-Family Property

Kinney, Mark

302

AA.LP

A-LP

CA

Regular Full Time

UJG

5168

Accardo

Jason

06/22/06

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

0370

Bojorquez Olivas

Genaro

03/21/05

Painter

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

0535

Casas Mejia

Felipe

03/08/05

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

1021

Diaz

Roberto

09/15/99

Groundskeeper

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

0866

Dore

Bertha

10/07/03

Housekeeper

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

5520

Gilberg

Andrew

07/23/07

Manager, Night

Screen, Laura

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

4565

Hernandez Hernandez

Mario

03/24/99

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

5277

Jaimes

Maria

11/14/06

Housekeeper

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

5514

Linares Perez

Arturo

07/20/07

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

5096

Lopez Rosete

Jesus

02/21/06

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

0932

Medina

Julio

10/22/98

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

0261

Perez

Paulino

09/01/77

Painter

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

4859

Quiroz Roman

Margarita

04/01/05

Housekeeper

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

1141

Ramirez

Ramon

03/14/01

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

4821

Sanchez De Paredes

Catalina

02/10/05

Housekeeper

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

5097

Tachiki Sandoval

Less

02/22/06

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

0257

Verdugo

Hector

03/01/89

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

0884

Villa

Ramiro

04/28/98

Painter

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

4609

Villa

Jose

01/21/04

Maintenance Technician

Richey, Marshall

302

AA.LP

A-LP

CA

Regular Full Time Site

UJG

1230

Buechler

Emily

03/26/02

Lease Administrator

Screen, Laura

302

AA.LP

A-LP

CA

Regular Part Time Site

UJG

6156

Hanson

Abbie

09/10/09

Lease Administrator

Screen, Laura

302

AA.LP

A-LP

CA

Regular Part Time Site

A-LP Count

27

UJG

4580

Shenk

Charlotte

04/20/01

Customer Service Rep

Klopp, Kathleen

304

AA.SFP

A-SF

CA

Regular Part Time

3

Employee List by State	9/7/10				AA.Corp Count	0
AAI					A-AC Count	#REF!
	Total Count:	98	Total Part Time:	10	A-DM Count	8
	Total CA:	97	Total Full Time:	88	A-HI Count	1
	Total HI:	1			A-HO Count	46
					A-IB Count	8
					A-LMK Count	2
					A-SF Count	5
					A-LP Count	27

PSID

EE#

Last Name

First Name

Hire Date

Title

Supervisor

CC

Dpt. Code

Loc

State

Category

UJG

0459

Klopp

Kathleen

01/30/01

Manager, Multi-Family Prpty

Kinney, Mark

304

AA.SFP

A-SF

CA

Regular Full Time

UJG

1268

DeYoung

Joe

02/21/05

Supervisor, Maintenance

Klopp, Kathleen

304

AA.SFP

A-SF

CA

Regular Full Time Site

UJG

6304

Fonseca

Miguel

03/31/10

Maintenance Technician

Klopp, Kathleen

304

AA.SFP

A-SF

CA

Regular Part Time Site

UJG

0641

Szabo

Katherine

09/08/94

Office Assistant

Klopp, Kathleen

304

AA.SFP

A-SF

CA

Regular Part Time Site

A-SF Count

5

Grand Count

98

4