Agmt15 Habitat for Humannity Greater San Francisco

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Project objectives described in "Revised Exhibit E," attached hereto and incorporated by reference. Contractor shall perform services as described in "Revised Exhibit E" in consideration of the payments set forth in Paragraph 2. 4. Amendments to Paragraph 4 — Payments. The First Amendment designated all of Original Agreement Paragraph 4 (Payments) after the title other than the last sentence as subparagraph (a), with the last sentence being designated as subparagraph (c). The First Amendment then added a new subparagraph (b). The Fourth Amendment added a new subparagraph (c) and designated subparagraph (c) as subparagraph (d). This Fifth Amendment hereby deletes the entire subparagraph (c), and replaces it with a new subparagraph (c). For clarity, the entirety of Paragraph 4 is set forth below to read as follows (additions are indicated by underlining and deletions are indicated by strikethroughs): 4. PAYMENTS (a) Contractor shall submit a Disclosure of Estimated Fees from First American Title Insurance Company or such other escrow company as may be agreed upon by the parties (buyer, seller and City) to City for payment in accordance with the provisions of Exhibit B. Provided that the Contractor has complied with all conditions precedent to disbursement, the City shall deposit $114,895.00 into an escrow account no later than three days prior to close of Escrow. City shall not be obligated to pay Contractor for the services covered by any invoice if Contractor presents the invoice to City on or after June 30, 2015. (b) No more frequently than monthly, Contractor may submit expense documentation, including invoice(s), proof(s) of payment and a schedule of expenditures including sources and uses, in form and substance reasonably satisfactory to City's Housing Manager for payment in accordance with the provisions of Exhibit D. Provided that the Contractor has complied with all conditions precedent, the City shall pay to Contractor up to a total of $276,493 within 30 days of receiving each payment request. City shall not be obligated to pay Contractor for the services covered by any invoice if Contractor presents the invoice to City on or after June 30, 2016. (c) No more frequently than monthly, Contractor may submit expense documentation, including invoice(s), proof(s) of payment and a schedule of expenditures including sources and uses, in form and substance reasonably satisfactory to City's Housing Leadership Manager for payment in accordance with provisions of "Revised Exhibit E." Provided that the Contractor has complied with all conditions precedent, the City shall pay to Contractor up to a total of $200,000 within 30 days of receiving each payment request. City shall not be obligated to pay Contractor for the services covered by an invoice if Contractor presents the invoice to City on or after June 30, 2022. (d) Contractor will keep detailed and accurate records of all expenditures made and expenses incurred which are funded under this Agreement. 5. Resale Restriction Agreement. Upon sale of the affordable Units to an Eligible Household, each Eligible Household shall enter into an agreement with Contractor and City for a Grant of Option to Repurchase and Resale Restriction Agreement. This will satisfy all the requirements of the Resale Restriction Agreement described in the Agreement and Exhibit C attached thereto. REV: 02-24-21 PR ATTY/AGR.2021/Amend No. 5/Habitat for Humanity - 612 Jefferson (5th CDBG Grant Agreement Amendment) (Page 3 of 5)