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<br /> <br />ATTY/AGR/2020.257/REDWOOD CITY GREYSTAR PURCHASE AND SALE AGREEMENT 1306 MAIN STREET <br />REV: 12-14-2020 VR <br />Page 2 of 82 <br />TABLE OF CONTENTS <br />Page <br />1. AGREEMENT TO PURCHASE AND SELL. ............................................................... 6 <br />2. INDEPENDENT CONSIDERATION. ........................................................................... 7 <br />3. PURCHASE PRICE. ........................................................................................................ 7 <br />3.1. Deposit. ................................................................................................................... 8 <br />3.2. Balance. .................................................................................................................. 8 <br />4. DUE DILIGENCE ............................................................................................................ 9 <br />4.1. Property Documents. ............................................................................................ 9 <br />4.2. Investigations. ........................................................................................................ 9 <br />4.3. Contingency Period. ............................................................................................ 10 <br />4.4. Insurance. ............................................................................................................ 11 <br />4.5. Title and Survey. ................................................................................................. 11 <br />4.6. Buyer Financing Plan for Building F. ............................................................... 14 <br />5. SELLER'S REPRESENTATIONS AND WARRANTIES. ........................................ 15 <br />5.1. Representations and Warranties. ...................................................................... 15 <br />5.2. Survival and Restatement. ................................................................................. 16 <br />5.3. Seller's Knowledge. ............................................................................................. 17 <br />6. BUYER'S REPRESENTATIONS AND WARRANTIES. .......................................... 17 <br />6.1. No Conflicts. ........................................................................................................ 17 <br />6.2. Due Organization; Consents. ............................................................................. 18 <br />6.3. Buyer's Authority; Validity of Agreements. ..................................................... 18 <br />7. COVENANTS OF SELLER. ......................................................................................... 18 <br />7.1. Notice of Change in Circumstances................................................................... 18 <br />7.2. Insurance. ............................................................................................................ 18 <br />7.3. No Defaults; Maintenance of Property. ............................................................ 18 <br />7.4. Exclusive Negotiations. ....................................................................................... 19 <br />7.5. Service Contracts. ............................................................................................... 19 <br />7.6. Leases. .................................................................................................................. 19 <br />7.7. Litigation. ............................................................................................................. 19 <br />8. CONDITIONS PRECEDENT TO CLOSING. ............................................................ 19 <br />8.1. Buyer's Conditions. ............................................................................................. 19 <br />8.2. Failure of Buyer's Conditions. ........................................................................... 20 <br />8.3. Seller's Conditions. ............................................................................................. 21