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Property Address: 1231 Warren St., #105 Redwood City Date: 9/7/2021
<br />is responsible under paragraphs 5, 6. 7, 88(5), 1 CA, B C. and F, 11 A and 13A. If, by the time specified. Seller has not
<br />Delivered any such item, Buyer after first Delivering to Seller a Notice to Seller to Perform (G.A.R. Form NSP) may cancel
<br />this Agreement.
<br />B. (1) BUYER HAS: 17 for ) Days After Acceptance, unless otherwise agreed in writing, to:
<br />(i) complete all Buyer Investigations; review all disclosures, reports, lease documents to be assumed by Buyer pursuant to
<br />paragraph 88(5), and other appilcable information, which Buyer receives from Seller; and approve all matters affecting the
<br />Property; and (ii) Deliver to Seller Signed Copies of Statutory and Lead Disclosures and other disclosures Delivered by Seller
<br />in accordance with paragraph 1 OA.
<br />(2) Within the time specified in paragraph 1413(1), Buyer may request that Seller make repairs or take any other action regarding
<br />the Property (C.A.R. Form RR). Seller }las no obligation to agree to or respond to (C.A.R. Form RRRR) Buyer's requests.
<br />(3) By the end of the time specified In paragraph 14B(1) (or as otherwise specified in this Agreement), Buyer shall Deliver to
<br />Seller a removal of the applicable contingency or cancellation (C.A.R. Form CR or CC) of this Agreement. However, if any
<br />report, disclosure or Information for which Seller is responsible Is not Delivered within the time specified in paragraph 14A,
<br />then Buyer has 5 (or _) Days After Delivery of any such items, or the time specified in paragraph 148(1), whichever is
<br />later, to Deliver to Seller a removal of the applicable contingency or cancellation of this Agreement.
<br />(4) Continuation of Contingency: Even after the end of the time specified in paragraph 148(l)
<br />pursuant to paragraph 1417, Buyer retains the right, In writing, to either (I) remove remaining contingencies, or (ii) cancel this
<br />Agreement based on a remaining contingency, Once Buyer's written removal of all contingencies is Delivered to Seller, Seller
<br />may not cancel this Agreement pursuant to paragraph 14D(1).
<br />(5) Access to Property: Buyer shall have access to the Property to conduct inspections and investigations for 17 (or _) Days
<br />After Acceptance, whether or not any part of the Buyer's Investigation Contingency has been waived or removed.
<br />C. El REMOVAL OF CONTINGENCIES WITH OFFER: Buyer removes the contingencies specified in the attached
<br />Contingency Removal form (C.A.R. Form CR). If Buyer removes any contingency without an adequate understanding
<br />of the Property's condition or Buyer's ability to purchase, Buyer is acting against the advice of Broker.
<br />D. SELLER RIGHT TO CANCEL:
<br />(1) Seller right to Cancel; Buyei .,les: If, by the time specified in this Agreem, ces not Deliver to Seller a
<br />removal of the appilcable contingei,� elation of this Agreement, then Sell Delivering to Buyer a Notice to
<br />Buyer to Perform (C.A.R. Form NBP), m- "• s Agreement. In sucOaNethe
<br />Snail authorize the return of Buyer's
<br />deposit, except for fees incurred by Buyer -
<br />(2) Seller right to Cancel; Buyer Contract Obit y "'-iter, ering to Buyer a NBP, may cancel this
<br />Agreement it, by the time specified in this Agreeme=.,, following action(s): (i) Deposit funds as
<br />required by paragraph 3A, or 3B or if the funds deposit ta paragraph 3A or 3B are not good when deposited;
<br />(ff) Deliver a notice of FHA or VA costs or terms as '� 3D(3) (C.A.R. Form FVA); (iii) Deliver a letter
<br />as required by paragraph 3J(1); [iv) Deliver veru' satisfaL. ation if Seller reasonably disapproves of the
<br />verification already provided, as required b+, 3C or 3H; (v) In a or accept leases or hens specified in
<br />SB5; (vi) Return Statutory and Lead Dfrequired by paragraph 1 U Sign or Initial a separate liquidated
<br />damages form for an increased do,aired lay paragraphs 3B and 21 B; or evidence of authority to sign
<br />in a representative capacity a- ,n paragraph 19. In such event, Seller shall ae- return of Buyer's deposit,
<br />except for fees incurred by Buye.
<br />E. NOTICE TO BUYER OR SELL5R TO PERFORM: The NSP or NSP shall: (I) be In writing; (11) be signed by the applicable
<br />Buyer or Seiler; and (iii) give the other Party at least 2 (or —) Days After Delivery (or until the time specified in the applicable
<br />paragraph, whichever occurs last) to take the applicable action. A NBP or NSP may not be Delivered any earlier than 2 Days Prior
<br />to the expiration of the applicable time for the other Party to remove a contingency or cancel this Agreement or meet an obligation
<br />specified in paragraph 14.
<br />F. EFFECT OF BUYER'S REMOVAL OF CONTINGENCIES: If Buyer removes, in writing, any contingency or cancellation rights,
<br />unless otherwise specified in writing, Buyer shall conclusively be deemed to have: (i) completed all Buyer Investigations, and
<br />review of reports and other applicable information and disclosures pertaining to that contingency or cancellation right; (ii) elected
<br />to proceed with the transaction; and (if]) assumed all liability, responsibility and expense for Repairs or corrections pertaining to
<br />that contingency or cancellation right, or for the inability to obtain financing.
<br />G. CLOSE OF ESCROW: Before Buyer or Seller may cancel this Agreement for failure of the other Parry to close escrow pursuant
<br />to this Agreement, Buyer or Seller must first Dslfver to the other Party a demand to close escrow (C.A-R. Form DCE). The DCI;
<br />shall: (I) be signed by the applicable Buyer or Seller; and (if) give the other Party at least 3 (or ) Days After Delivery to
<br />close escrow. A DCE may not be Delivered any earlier than 3 Days Prior to the scheduled close of escrow.
<br />H. EFFECT OF CANCELLATION ON DEPOSITS: if Buyer or Seller gives written notice of cancellation pursuant to rights duly
<br />exercised under the terms of this Agreement, the Parties agree to Sign mutual instructions to cancel the sale and escrow and
<br />release deposits, it any, to the party entitled to the funds, less fees and costs Incurred by that party. Fees and costs may be
<br />payable to service providers and vendors for services and products provided during escrow. Except as specified below, release
<br />of funds will require mutual Signed release instructions from the Parties, judicial decision or arbitration award. If
<br />either Party fails to execute mutual instructions to cancel escrow, one Party may make a written demand to Escrow Holder for
<br />the deposit (C.A.R. Form BDRD or SDRD). Escrow Molder, upon receipt, shall promptly deliver notice of the demand to the
<br />other Party. if, within 10 Days Atter Escrow Holder's notice, the other Party does not object to the demand, Escrow Holder shalt
<br />disburse ilia deposit to the Party making the demand. If Escrow Halder complies with the preceding process, each Party shall
<br />be deemed to have released Escrow Holder from any and all claims or liability related to the disbursal of the deposit. Escrow
<br />Holder, at its discretion, may nonetheless require mutual cancellation instructions. A Party may be subject to a civil penalty
<br />of up to $1,000 for refusal to sign cancellation instructions if no good faith dispute exists as to who is entitled to
<br />the deposited funds (Civil Code §1057.3).
<br />15. FINAL. VERIFICATION OF CONDITION: Buyer shall have the right to make a final verification of the Property within 5 (or ) Days
<br />Prior to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to confirm: (1) the Property is maintained pursuant
<br />to paragraph 11; (1I) Repairs have been completed as agreed; and (III) Seiler has compiled with Seller's other obligations under this
<br />Agreement (C.A.R. Form VP).
<br />16. REPAIRS: Repairs shall be completed prior to final verification of condition unless otherwise agreed in writing. Repairs to be
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<br />RPA REVISED 12/18 (PAGE 6 OF 10)
<br />CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA PAGE 6 OF 10)
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