EFTA01108351

DocuSign Envelope ID: CF39993543DA8.46E5•BD3A-233EAOCFD585 DocuSign Envelope ID: 61C384EA-6CD0-4630-9BAB-ZEFF773D656F CALIFORNIA at ASSOCIATION COUNTER OFFER No. 5 For use by Seller or Buyer. May be used forMuttlple Counter Offer. 101 OF REALTORS e (CAR. Form CO, Revised 11/10) Date October 9, 2013 This is a counter offer to the: 0 California Residential Purchase Agreement, ro Counter Offer No.. 4 Other ("Offer"), dated , on properly known as 16490 El Hitol Place Pacific Palisades, ("Property"). between Thomas Nieman, Rosalind 14 Nieman (-Buyer") and Barry Josephson Mellen. 1. TERMS: The terms and conditions of the above referenced document are accepted subject to the following: A. Paragraphs in the Offer that require initials by all parties, but are not initialed by all parties, aro excluded from the final agreement unless specifically referenced for inclusion in paragraph IC of this or another Counter Offer. B. Unless otherwise agreed in writing, down payment and loan amount(s) will be adjusted in the same proportion as in the original Offer. C. OTHER TERMS: I. Purchase price to be $4,600,000 D. The following attached addenda are incorporated into this Counter Offer 0 Addendum No. 2. RIGHT TO ACCEPT OTHER OFFERS: If this is a Seller Counter Offer, (I) Seller has the right to continue to offer the Property for sale or for another transaction, and to accept any over offer at any time prior to Acceptance, as described in paragraph 3 and (h) Seller's acceptance of another otter prior to Buyer's Acceptance of this Counter Offer, shall revoke this Counter Offer. 3. EXPIRATION: This Counter Offer shall be deemed revoked and the deposits, if any. shall be returned unless this Counter Offer is signed by the Buyer or Seller to whom it is sent and a Copy of the signed Counter Offer is personally received by the person making this Counter Offer or by , who is authorized to receive it, by 5.00 PM on the third Day After the later date specified in paragraph 5 or, (if checked) by ❑ (date), al 9 AM ❑ PM. This Counter Offer may be executed in counterparts. 4. Ei (If checked:) MULTIPLE COUNTER OFFER: Seller is making a Counter Offer(s) to another prospective buyer(s) on terms that may or may not be the same as in this Counter Offer. Acceptance of this Counter Offer by Buyer shall not be binding unless and until It is subsequently re-Signed by Seller in paragraph 7 below and a Copy of the Counter Offer Signed in paragraph 7 is personably received by Buyer or by , who is authorized to receive it, by 5:00 PM on the third Day After the later date specified in paragraph 5 or. (if checked) by 0 (date), at ❑ AM 0 PM. Prior to the completion of all of these events. Buyer and Seller shall have no duties or obligations for the purchase or 5. , sale of the Property. NOTE TO SELLER: Sign and date in paragraph 5 to make this Counter Offer. FER: U E OR a/ l SELLER MAKES THIS COUNTER OFFER ON THE TERmitnyydit ACKNOWLEDGES RECEIPT OF A COPY. Date /41-±faserset:n• Date 6. ACCEPTANCE: VINE acce ter Offer (if checked 0 SUBJECT TO THE ATTACHED COUNTER OFFER) and acknowledge receipt of a Copy. 1 10/11/2013 i—DocuSigned . Thomas Minas Date Time AM CIPM 0 „_ ti,,,i CA I 1,4 1r mot Date 10/11/2013 Time DAMCIPM Rosalind N N 7. MULTIPLE COSETEDOWSIGNATURE LINE: By signing below, Seller accepts this Multiple Counter Offer. NOTE TO SELLER: Do NOT sign in this box until after Buyer signs in paragraph O. (Paragraph 7 applies only If paragraph 4 is chocked.) Date Time DAM DM Date Time DAM OPM 8. ( / ) (Initials) Confirmation of Acceptance: A Copy of Signed Acceptance was personally received by the maker of the Counter Offer, or that person's authorized agent as specified In paragraph 3 (or, If this is a Multiple Counter Offer, the Buyer or Buyer's authorized agent as specified in paragraph 4) on (date) at 0 AM 0 PM. A binding Agreement is created when a Copy of Signed Acceptance is personally received by the the maker of the Counter Offer, or that person's authorized agent (or, if this Is a Multiple Counter Offer, the Buyer or Buyer's authorized agent) whether or not confirmed In this document. Completion of this confirmation is not legally required in order to create a binding Agreement; it is solely intended to evidence the date that Acceptance has occurred. The copyright laws of the United Stales (Title 17 U.S. Code) forbid the unauthorized reproduction of this form, or any portion thereof, by photocopy machine or any other means. Mekong facsimile or computerized formats. Copyright IP 1988.2012. CALIFORNIA ASSOCIATION OF REALTORS'S, INC. ALL RIGHTS RESF-ftVE0. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA AcAry'lATTON OF REALTORS'S (CAR.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is available for use by the entire real estate industry. It Is net Intended to identify the user as a REALTORS. REALTORS' is a registered colectNe membership mark which may be used on ty by members of :he NATIONAL ASSOCIATION OF REALTORS/0 who subscribe to its Code of Ethics. 01 Published and Distribried by REAL ES-ATE BJSINESS SERVICES. NC. a suesday cif Ma Caltroma Association/REAL TORS* 525 South Viroi Avert*, Los Angeles, Caftan 9)020 Reviewed by Date ct MA KINK COPOOTIPalY CO REVISED 11/10 (PAGE 1 OF 1) COUNTER OFFER (CO PAGE 1 OF 1) Agent: Robert Radcliffe Phone: Fax: 310.255.5455 Prepared using zipforing software Broker: Sotheby's International Realty 15308 W Sunset Blvd Pacific Palisades , CA 90272 EFTA01108351 DocuSign Envelope ID: CF3991B5-DDA8.46E5.BD3A-233EADCFD5B5 DocuSign Envelope ID: 9664C1F2-E049-424D-9BF8-324E501D9OCE 4 C A I. I F 0 R. N I A A S .5 O C t A I I ON COUNTER OFFER No. 4 III For use by Seller or Buyer. May be used for Multiple Counter Offer, Iv OF RE A L l' 0 RS .4 (C.A.R. Form CO, Revised 11110) Date October 6. 2013 This is a counter offer to the:p California Residential Purchase Agreement. ®Counter Offer No., 3 Other ("Offer). dated September 3 , 2013 , on property known as 16490 El N: to Place Pacific Palisades, C4 90272 ("Property"), between Thomas Nieman, Rosalind N. Nieman ( Buyer) and Barry Josephson ('Seller). 1. TERMS: The terms and conditions of the above referenced document are accepted subject to the following: A. Paragraphs in the Offer that require Initials by all parties, but are not initialed by all parties, are excluded from the final agreement unless specifically referenced for Inclusion In paragraph 1C of this or another Counter Offer. B. Unless otherwise agreed In writing, down payment and loan amount(s) will be adjusted in the same proportion as in the original Offer. C. OTHER TERMS: 1. The Purchase Price shall be $4,500t 000. 2.Buyers vesting to be Thomas Nieman S Rosalind N. Nieman or assignee 3.Paragraph 3D of the RPA shall be 30 days after Acceptance. 4.Offer is All Cash however Buyer may explore financing S Seller to cooperate if necessary 5.The COP shall be eliminated D. The following attached addenda are incorporated into this Counter Offer: O Addendum No. ❑ O 2. RIGHT TO ACCEPT OTHER OFFERS: If this is a Seller Counter Offer, (I) Seller has the right to continue to offer the Property for sale or for another transaction, and to accept any other offer at any time prior to Acceptance. as described in paragraph 3 and (o) Sisters acceptance of another offer prior to Buyer's Acceptance of this Counter Offer, shall revoke this Counter Offer. 3. EXPIRATION: This Counter Offer shall be deemed revoked and the deposits. if any. shall be returned unless this Counter Offer is signed by the Buyer or Seller to whom it Is sent and a Copy of the signed Counter Offer is personally received by the person making this Counter Offer or by Briar Pecsok. , who is authorized to receive 't. by 5D0 PM on the third Day Alter the later date specified in paragraph 5 or, (if checked) by October 7, 2013 (date), at 5 ❑ AM El PM. This Counter Offer may be executed in counterparts. 4. fl (ft checked:) MULTIPLE COUNTER OFFER: Seller Is making a Counter Offer(s) to another prospective buyer(s) on terms that may or may nol. be the same as in this Counter Offer. Acceptance of this Counter Offer by Buyer shall not be binding unless and until it Is subsequently re-Signed by Seller In paragraph 7 below and a Copy of the Counter Offer Signed in paragraph 7 is personally received by Buyer or by , who is authorized to receive it, by 5:00 PM on the third Day After the later date specified in paragraph 5 or, (If checked) by ID (date), at D AM OPM. Prior to the completion of all of these events, Buyer and Seller shall have no duties or obligations for the purchase or sale of the Property. NOTE TO SELLER:Sign and date in paragraph 5 to make this Counter Offer. 5- OFFER: BUYER OR Docuelema by: dirgahS THIS COUNTER OFFER ON THE Date TERRivpsy5flo ACKNOWLEDGES RECEIPT OF A COPY. (.®MAMA, oaten, 10/6/2013 50702436CFE444C Date N. N.int. 6. A KffeetiMirostriareptalleiebove Counter Offer (If checked p SUBJECT TO THE ATTACHED COUNTER OFFER) and acknowledge receipt of a Copy. barn, 3,-ti , Date T me DAM OPM —29788BEF039FaT9 Date Time DAM OPM 1. MULTIPLE COUNTER OFFER SIGNATURE LINE: By signing below, Seller accepts this Multiple Counter Offer. NOTE TO SELLER: Do NOT sign in this box until after Buyer signs in paragraph 6. (Paragraph 7 applies only if paragraph 4 is checked.) Date Time DAM DIM Date Time O AM am 8. I ) (Initials) Confirmation of Acceptance: A Copy of Signed Acceptance was personally received by the maker of the Counter Offer, or that person's authorized agent as specified in paragraph 3 (or, if this is a Multiple Counter Offer, the Buyer or Buyer's authorized agent as specified in paragraph 4) on (date) at O AM ❑PM A binding Agreement Is created when a Copy of Signed Acceptance is personally received by the the maker of the Counter Offer, or that person's authorized agent (or, If this is a Multiple Counter Offer, the Buyer or Buyers authorized agent) whether or not confirmed in this document. Completion of this confirmation is not legally required in order to create a binding Agreement; it is solely intended to evidence the date that Acceptance has occurred. The copyright laws of the United States (Tab 17 U.S. Code) forbid the unauthorized reproducton of this form, or any poison thereof, by photocopy machine cc any other means. inVudIng facsimile or computerized formats. Copyright 01988.2012, CALIFORNIA ASSOCIATION OF REALTORS®, INC. ALL RIGHTS RESERVED. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS® (C A R ) NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form Is available for use by the ante* real estate industry. It is not intended to Identify the user as a REALTOR®. REALTOR® LS a registered 00Cadim meenterShip mark which may be used only by members or the NATIONAL ASSOCIATION OF REALTORS®who subscribe to Its Code of Ethics. Pirtished and °attired by: REAL ESTATE 61/SINESSSERMES.INC. aI esutriatsyWtbstailomieAssocAttentiREALIORSI Reviewed by Date dee swims 525 Sculh Vogl kat LOS Argil's. Callon® 90020 morrow CO REVISED 11/10 (PAGE 1 OF 1) COUNTER OFFER (CO PAGE 1 OF 1) Agent: Briar Pecsok Phone: (310)500-1319 Fax: Prepared using zipFormr9 software Broker: Partners Trust: Real Estate Brokerage 8 Acquisitions 11726 San Vicente Blvd Ste 350 Los Angeles, CA 90049 EFTA01108352 DocuSign Envelope ID. CF39918500A8-46E5-6D3A-233EAOCID585 DocuSign Envelope ID: 9664C I F2-E049-4240-9BF8-324ESDI D9OCE DecoSign Envelope O. 74ESECII3.14g0.43liF-9690-74348FOOFSAC ▪ ASSOC ATION COUNTER OFFER No. 3 For use by Seller or Buyer. May be used for WA:plc Counter Offer. • OF Il EAITO It S (CAR. Form CO, Revised 11(10) Dote September 30, 201$ this is a counter offer to Me: 0 Caelornla Resident'. Purchase Agreement [El Counter Offer No.. 2 0 Other ('oder). doted September 25, 2013 . on property known as 1649rEfilito Place Pacific Palisades, ('Property'), between Thomas Nieman, Rosalind N Nieman rBuyet) and Berry slosephnnn (•Seller). i. TERMS: The lamp and concitions of the above referenced document are accepted subject to the following: A. Paragraphs In the Offer that require Initials by all parties, but are not initialed by all parties, are excluded from the final agreement unless speetelly referenced for inclusion in paragraph IC of this or another Counter Offer. B. Unless otherwise agreed in writing, down payment and loan amoungs) will be adjusted in the same proportion as in the original Offer. C. OTHER TERMS: 1, Purchase price to be $4,700,000 (Four Million Seven Hundred Thousand) D. The following attached addenda an incorporated into this Counter Offer: O Addendum No. 0 2. RIGHT TO ACCEPT OTHER OFFERS: If this is a Seger Counter Otter, Id SOMr has the dots to continue to offer the Property for solo or for another IMFISACtiOn. and to accept any other offer el any time prior to Acceptance, as (Wombed El paragraph 3 and (1) Select acceptance of another offer prior le Buyer's Acceptance of INS Counter Oiler. shell revoke this Career Offer. 3. EXPIRATION: This Counter Otter Mal be deemed revoked and to deposits, t any, shall be returned unless this Counter Otter is signed by the Buyer or Seller to whom II Is sent and a Copy or the signed Counter Offer 4 personaly received by lee person making this Counter Offer or by who Is authorized to receive II, by 6:00 PM on the rhell Day Al!Jr ihe Isle:dale specified in paragraph 5 or. (if checked) by ❑ (date), al 4, F AM PM. This Counter Offer may be executed in counterplot. (If checked:) MULTIPLE COUNTER OFFER: Seller Is making a Counter Offer(s) to another prospective buyer(S) on M. may or may be the same as In this Counter Offer. Acceptance of this Counter Otter by Buyer shall not be binding unless and until It Ls subsequently re-Signed by Seller In paragraph 7 below and a Copy of the Counter Oiler Signed in paragraph 7 is personalty received by Buyer or by . yAse is authorized to receive ii, by 5.00 PM on the third Day After the later dale spedlled in paragraph 5 or. (ff checked) by 0 (date), at 0 AM 0 PM. Prior to the oompetion of el of these events, Buyer and Seller shall have no times or °begMims for the Nrchase ct etc of the Purger NOTE TO SELLER: Sign and date In parograph 5 to make this Counter Offer. E. OFFER: DpiatOR .S ER MAKES THIS COUNTER OFFER ON THE TERMSeAlyhtn ACKNOWLEDGES RECEIPT OF A COPY. Date Nan( Jag O.C. . 1 747omErais lm. 6. ACCEPTANCE: Counter Offer (If ch TO THE ATTACHED COUNTER OFFER) and ack-oweedge r4" °4941dt e' Tt...01103 MistatA. 10/6/2013 Time O AM OPM Gala10/6/ZOIS 50102424CIFeisE e Time ONAORA Re • An . r . aim ---- ML SIGNATURE LINE: By signing below, Seller accepts Ihis Mulhole Counter Offer. NOTE TO SELLER: Do NOT sign in this box until after !Buyer signs In paragraph e (Paragraph 7 applies only if paragraph 4 la checked.) Date Tone DAM p.m Date Time 0AM OPM S. ( f )(iniffals) Confirmation of Acceptance: A Copy of Bred Accetyanix was personally received by the maker of the Counter Offer. or that person's authorized agent as specified in paragraph 3 (or, if this is a Mulip'e Counter Offer. The Bayer or Buyer's authorized Agent as speared In paragraph 4) on (dale) al _ 0 AM 0 PM. A binding Agreement is crested when a Copy of Signed Acceptance is personally received by the the maker of the Counter Offer, or that person's Authorized agent (or, If this le a Multiple Counter Offer, the Buyer or Buyer's Authorized agent) whether or nor confirmed in this document. Completion of this confirmation is not legally required in order to create a binding Agreement; it is solely intended to evidence the date that Acceptance has occurred. The cosyrieN laws of Me Urged Stale. (TIN 17 U.S. COX) IOM EI me unauthorized reproduce:no( this form, or dray Easteen thereof. by pholccoor rrerhee oil. elhe' mean. inctanna fecenas or rempulenzed lamas. Copy...NO 15.3-2012. CALIFORNIA ASSOCIATION OF REN_TORSO. INC. ALL RIGHTS RESERVED. THIS FORM PAS BEEN APPROVED BY THE CALFOnNIA ASSOCIATION OF REALTORS. (C.AR ) NO REPRESENTATION IS MACE AS TO TIME LEGAL VALCIlt CR ADEQUACY OF ANY PROVISION in ANY SPECIFIC TRANSACTION. A Rem ESTATE SMOKER IS THE PERSON QUALIFIED TO AIWISE ON REAL ESTATE TRANSACTIONS. IF YOU OESIRE LEGAL OR TAX ADVICE. CONSULT AN APPROPRIATE PROFESSIONAL. It.. form is available ifli use hy rho entire reel estate IsevsYy. I: is no( it-tended lo Identify the user ea a REALTOR*. REALTORS Is a regainin() <cassava me (ntanhe ma's cr which may be used only by members of !he MAUL/NAL ASSOCIATION OF REALTORS.* who outcome. As Coos of Ethics. il l r Mew aid Wet..try. s REAL ESTATE MISES} SERVCES IC • sseskiwieine [Rivera AsvocereneRflagM9 Roomed by Date • 5.25Seinbiel Averuclos Moot Celan° 9NCO tIkkee MIT CO REVISED 11/10 (PAGE 1OF 1) COUNTER OFFER (CO PAGE 1 OF 1) fAgent: Robert Radcliffe Phone: 310.255.5454 Fax: 310.255.6455 Prepared using sieForm. software Broker. Sotheby's International Realty 15308 W Sunset Blvd Pacific Palisades . CA 10272 EFTA01108353 DocuSign Envelope ID: CP399185 DOA& 46E5 BD3A 233EAOCID585 Envelope ID; 210EA4ED-A4FE-4E5F43729-112F422F75B9 CALIFORNIA ASSOCIATION COUNTER OFFER No. 2 se , OF REA LTORS' For use by Seiler or Buyer. May be used for 'Multiple Counter Offer. (CAR. Form CO, Revised 11/10) Dale September 25, 2013 This is a counter offer to the. O California Residential Purchase Agreement, a Counter Offer No., Other Coffer"), dated , on property known as 16490 El (Zito Place Pacific Palisades, CA 90272 ('Property'), between Thomas Nieman, Posaland M. Nieman ("Buyer? and Barry Josephson ("Seller). I. TERMS: The terms and conditions of the above referenced document are accepted subject to the following: A. Paragraphs in the Offer that require Initials by all parties, but are not initialed by all parties, are excluded from the final agreement unless specifically referenced for inclusion in paragraph 1C of this or another Counter Offer. B. Unless otherwise agreed In writing, down payment and loan amount(s) will be adjusted in the same proportion as in the original Offer. C. OTHER TERMS: 1. Purchase Price shall be 154,400,000 (four million four hundred thousand) 2. Paragraph 14 of 17.PA shall be: 17 days 3. Paragraph A(6) (a) shall be: 5 days vs 3 days 4. Paragraph A(6) (b) of the COP shall be: 17 days D. The following attached addenda are incorporated into this Counter Offer: O Addendum No. 2. ❑ ❑ RIGHT TO ACCEPT OTHER OFFERS: If this IS a Seller Counter Offer, (i) Seller has the right to continue to offer the Property for sale or for another transaction, and to accept any other offer al any time prior to Acceptance, as desatbed In paragraph 3 and (a) Seller's acceptance of another offer prior to Buyers Acceptance of this Counter Offer, shall revoke this Counter Offer. 3. EXPIRATION: This Counter Offer shall be deemed revoked and the deposits, if any, shall be returned unless this Counter Offer is signed by the Buyer or Seller to whom it is sent and a Copy of the signed Counter Offer Is personally received by the person making this Counter Offer or by Briar Pecsok who is authorized to receive it. by 5:00 PM on the third Day After the later date specified in paragraph 5 or, Of checked) by Et September 26, 2013 (date), et 5: 00 O AM El PM. This Counter Offer may be executed in counterparts. 4. (If checked:) MULTIPLE COUNTER OFFER: Soler is making a Counter (Mega) to another prospective buyer(s) on terms that may or may no be the same as in this Counter Offer. Acceptance of this Counter Offer by Buyer shall not be binding unless and until it is subsequently re-Signed by Seller in paragraph 7 below and a Copy of the Counter Offer Signed in paragraph 7 is personally received by Buyer or by , who is authorized to receive it, by 5:00 PM on the third Day After the later date specified in paragraph 5 or, (If checked) by O ❑ (date), at AM OPM. Prior to the completion of aft of these events, Buyer and Seller shall have no duties or obligations for the purchase or sale of the Property. NOTE TO SELLER: Sign and date in paragraph 6 to make this Counter Offer. 6. OFFER: El BUYER MAKES THIS COUNTER OFFER ON THE TERMS ABOVE AND ACKNOWLEDGES RECEIPT OF A COPY. ,--...nneletletridad by- sA14 Date 09/25/2023 MU:sledif WS Date 09/25/2023 JI. NSmar rteaFFFRINCEWNE-asespjattibove Counter Offer (If checked El SUBJECT TO THE ATTACHED COUNTER OFFER) and acknowledge 6. receipt of a Copy t5aryti hostrubtke Time Date DAM Dam --7UfrifSeasD3SFsrg Date Time O A" O PkI 7. MULTIPLE COUNTER OFFER SIGNATURE LINE: By signing below, Seller accepts this Multiple Counter Offer. NOTE TO SELLER: Do NOT sign in this box until alter Buyer signs in paragraph 6. (Paragraph 7 applies only If paragraph 4 is checked.) Date Time DAM ar, Date Time 0 Am afii 8. ) (Initials) Confirmation of Acceptance: A Copy of Signed Acceptance was personally received by the maker of the Counter Offer, or that person's authorized agent as specified in paragraph 3 (or, If this is a Multiple Counter Offer, the Buyer or Buyer's authorized agent as specified in paragraph 4) on (dates at OAMID PM. A binding Agreement Is created when a Copy of Signed Acceptance is personally received by the the maker of the Counter Offer, or that person's authorized agent (or. If this is a Multiple Counter Offer, the Buyer or Buyer's authorized agent) whether or not confirmed in this document. Completion of this confirmation is not legally required in order to create a binding Agreement: it is solely intended to evidence the date that Acceptance has occurred. The oopyrighl t,ws el the United Stales (Tile 17 U.S. Coen') forbid the unauthorized reproduction of this form, of any porton thereof, by photocopy machine or any other means, including facsimile or computoracd knnets. Copyright 01986-2012, CALIFORNIA ASSOCIATION OF REALTORS& INC. ALL RIGHTS RESERVED. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS& (CAR.). NO REPRESENTATION IS MADE AS TO 111E LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON OuAliFICD TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This men is avertible for use by the eniko foal estate indwAy. II is not Intended to Idonlify the user as a REALTORS. REALTORS is a registered colledive membership mark which Indy bo used only by members of the NATIONAL ASSOCIATION OF REALTORS0 eke subscribe to is Code of Ethics. 0 • Riiiiliee frdOistitured by REAL ESTATE BUSINESS SERVICES, TIC ' a subaLleyouno Cafesi a• Associekn olREAL TORS* 525 Sash Viral Arena. Los Mgt Callornis9CO20 Ireview4d by Date Etas rOsid CO REVISED 11/10 (PAGE 1 OF 1) COUNTER OFFER (CO PAGE 1 OF 1) Agent Briar Pecsok Phone: (310)500-1319 Fax: Prepared using zipFomAD software Broker: Partners Trust: Real Estate Brokerage & Acquisitions 11726 San Vicente Blvd Ste 350 Los Angeles. CA 90049 EFTA01108354 DocuSign Envelope ID: CF399185-DOA8-46E5-BD3A-233EA0CIDS85 DccuSign Envelope ID: 210EAdEO-A4FE-4E5F-8729-112F422F75B9 Ems* co: E37=300323-4FA0-869947CFGECI39A6 CALIFORNIA ASSOCIATION COUNTER OFFER No.1 For use by Seller or Buyer. May M Used I orbultiple Counter Offer. lip OF REA LTO RS' (CA.R. Form CO, Revised 11/10) Dale September 24, 2013 This is a counter crier lodes:El CalAwnia Residential Purchase Agreement, 0 Counter Offer No, Other (*Offer). aced September 22, 2013 on property known as 164977filitio Plan Pacific Palisades, rPropeon between Thin rfithor) and Barry Josephson rSollor). 1. TERMS: The leans and conditions of Inc above referenced document are accepted subject to the following: A. Paragraphs In the Offer that require initials by ail parties, but are not initialed by all parties, ere excluded free, the final agreement unless specifically referenced for inclusion In paragraph IC of this or another Counter Offer. B. Unless otherwise agreed in writing, down payment and loan amount(s) will be adjusted in the same proportion as In the original Offer. C. OTHER TERMS: 1, Purchase price to be $4,800,000 (Four HillAgn Bight H drat, Thousand) y. Escrow to be Sterling West Escrow - Debbie Brady Johnson 1 Paragraph 14 of purchase agreement to rnatt • 14 days vs 21 days 4. Paragraph At6I flol to be 7 days vs 17 days D. 0The following attached addenda are incerporated Into this Counter Offer: O Addendum No. 2. RIGHT TO ACCEPT OTHER OFFERS: ff tNs is a Seller Counter Offer. ()Sella has the right le catinue to otter the Properly for sale or for onager transaction, and to accept any otter offer at any time prior to Acceptance, as described in paragraph 3 end (t) Sellers EteptersCe Of another offer prior lo Buyers Acceptance of this Counter Offer, shall revoke this Counter Offer. 3. EXPIRATION: This Counter Offer shell be deemed revoked and the deposits, if any, shall be returned unless this Counter Offer la signed by the Buyer or Seller to whom It is sent and a Copy of the signed Counter Offer la personally received by me person making Ns Counter Oiler or by , who is authorized to WON Il by 5:00 PM on the third Day Allot the later date specified in paragraph 5 or (if CheCked) by 0 (dale), al 0 AM 0 PM. This Counter Offer may be executed In counterparts. 4. n (lf chocked:I MULTIPLE COUNTER OFFER: Seller is making a Counter Offer(S) to another prospective buyer(s) on terms Mat may or may arw bur ma same as in this Counter Offer. Acceptance of this Cotter Oiler by Buyer SW not be binding unless and vat It is sobesloeflEY re-Signed by Seller In paragraph 7 below and a Copy of the Counter Offer Signed in paragraph 7 is personally received by Buyer a by , who is authorized to receive IL by 5:00 PM on the third Day Mier the later data WeolSed in paragraph 5 Or, (If Checked) by 0 (date), at D AM OPM. Prior to the completion of et of these events, Buyer and Seller shall tune no duties or obEgatlons for the purchase or sale of the Property. NOTE TO SELLER: Sign and date In paragraph 5 to make this Counter Offer. S. OFFER: L egg gLLER RAKES THIS COUNTER OFFER ON THE TERMS ABOVE AND ACKNOWLEDGES RECOPY OF ACOPY. Date 9/24/2013 Barry Jannis, on .....—.2oraterroAnts 6. ACCEPTANCE: at iffPlag Counter Offer Of check o1 S JECf TO THE ATTACHED COUNTER OFFER) and acknowledge receipt of a Copy. MtAtUA, 9/25/2013 c--00cuSltned by. 9/15/1013 Time El AM OPM 'Mina ease tree °MONA 7. `—eite. LECCUSTER OFFER SIGNATURE LINE: By signing below, Sailer accepts tone Multiple Counter Offer. NOTE TO SELLER: Do NOT sign In this box until after Buyer signs In paragraph 6. (Paragraph 7 applies only If paragraph 415 checked.) Date Time OPJAOPM Date Time DAM L. a. ) (Initials) Confirmation of Acceptance: A COPY of Signed Acceptance was personally received by the maker of the Counter Offer, or that person's authorized agent as specified in paragraph 3 (or, t this le a Multiple Counter Offer. the Buyer or Buyer's authorized agent as specified In paragraph 4) on (dale) at ❑ Ml 0 PM. A binding Agreement la created when a Copy of Signed Acceptance Is personally received by the the maker of the Counter Offer, or that person's authorized agent (or, If this Ise Multiple Counter Offer, the Buyer or Buyer. inhorized agent) whether or not confirmed In this document. Completion of this confirmation It not legally required In order to create a binding Agreement; It is solely Intended to evidence the date that Acceptance has occurred. Ire oapynovrt len of the OSHA Striae (Tale 17 U.S. Code) forbid the unauthorized NproopcliCa d the form or any portion therm!, bypholorpsy_therffne WV ether mama Inducting fersONIo or compuultUed 'penult C-000101l 019EO-2012, CALIFORNIA ASSOCIATION OF REALTORBEL NC. AU. RIGHTS RESERVED. TH 5 FORM I IAS BEEN APPROVED BY THE CALFORNIA ASSOCIATION OF FtEALTORSO (C.A.R.I. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEOVACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACT ORS. IF YOU DESIRE LEGAL OR TAY ADVICE. CONSV-T AN APPROPRIATE PROFESSIONAL. I)e form it evelleek for by W. crave real mum Indalry. It Is not Intended to Wanly the user es a REALTORS. REALTORS is a nealuerea COEIGN• menvaerth.p mark wield may be used any by members of Me NATIONAL ASSOCIATION OF REALTORS'Swho utecnbe bas Code of Eltike Ill AhrtheorndeftlekvIedfft REAL ESTATE EASINESS SERVICES RC. a “Oulay of the CoAVIOAuxia,A ',MEAL TORSO Reviewed by OeW NTSSHAW4Anwe. La ArKeN CAN* SCC20 CO REVISED 11/10 (PAGE 1 OF 1) COUNTER OFFER (CO PAGE 1 OF 1) Agent: Robert Radcliffe Phone: 310.255.6454 Fax:310.256.6456 Prepared using zlpForrnS software Broker: Sotheby's inhumations' Realty 15305W Sunset Blvd Pacific Palisades CA 00272 EFTA01108355 DocuSign Envelope ID: CF3991B5-DDA8.46E5.BD3A-233EACCFD585 CALIFORNIA CONTINGENCY FOR SALE OR PURCHASE ASSOCIATION OF OTHER PROPERTY OF REA ITORS' (CA.Ft. Forrn COP, Revised WM) This is an addendum to the QD California Residential Purchase Agreement. 9 Counter Offer. Other 0 ("Agreement"), dated September 22, 2013 on property known as 16190 El law Place, Pacific Palisades, CAI 90272 ('Sellers Property), between Thaws Meaty, Rosalind x. Mean, ("Buyer) and Earn' Josephson A. azi (If checked) SALE OF BUYER'S PROPERTY: 1. (a) The Agreement is contingent on the close of escrow of Buyers property, described as: .W7 let anJvntn. Pani fir Palisades. Cl 90272 ('Buyers Property"). (b) If Buyer's Property does not dose escrow by the earliest of: (I) the scheduled close of escrow of Sellers Property; (II) the date specified in paragraph A3; or (ill) Other 0 then either Seller, after first giving Buyer a Notice to Buyer to Perform (CAR. Form NBP), or Buyer may cancel the Agreement in writing. 2. LE (If checked) Buyers Property is not now in escrow and (check boxes as applicable): (a) fa is not yet listed for sale. (b) O is listed for sale with company and is offered for sale in the MLS # (c) Buyer shall, within 17 (or 2) 30 , ) Days After Acceptance, provide Seller with Copies of the contract, escrow instructions and all related documents ('Escrow Evidence') for the sale of Buyers Property showing that Buyers Property has entered escrow. 3. 0 (If checked) Buyer's Property Is in escrow with escrow holder, (escrow # ) scheduled to dose escrow on (date). Buyer shaft, within 6 Days Atter Acceptance. deliver to Softer Escrow Evidence that Buyer's Property Is in escrow. 4. If Buyer fails to provide to Seller Escrow Evidence within the time specified in A2(c) or A3. Seller, after first giving Buyer a Notice to Buyer to Perform, may cancel the Agreement in writing. 5. If Buyer's Property is in or enters escrow. Buyer shall give Seller written notice if either party to that escrow gives notice to the other of intent to canceL If such notice is given prior to Buyers removal of the contingency for sale of Buyers Property, either Buyer or Seller may cancel the Agreement in writing. However, if such notice is given after Buyer has removed the contingency for sale of Buyer's Property only Seller shall have the option to cancel the Agreement under this paragraph, which cancellation must be in writing. 6. After Acceptance, Seller shall have the right to continue to offer Sellers Property for sale for Back-up Offers. If Seller accepts a written bath-up otter. (a) Immediate Right to Notify Buyer to Remove Sale of Property Contingency: Seller shall have the right to immediately give written notice to Buyer to, in writing: (I) remove this contingency; (Ii) remove the loan contingency, If any; (Iii) provide verification of sufficient funds to close escrow without the sale of Buyer's Property; end (iv) comply with the following additional requirement(s): If Buyer fails to complete These actions within is (or (3 uays after receipt of such notice, sever may then immediately cancel the Agreement in writing. OR (b) El (If checked) Delayed Right to Notify Buyer: Seller shall not invoke the notice provisions in paragraph A8(a): (I) within the first 17 (or 0 ) Days After Acceptance; or (II) (if checked) EC during the term of the Agreement B. ❑ (If checked) SELLER'S PURCHASE OF REPLACEMENT PROPERTY: 1. The Agreement Is contingent on Seller entering a contract to acquire replacement property. 2. Seller shall, within 17 (or 0 ) Days After Acceptance, remove this contingency or cancel the Agreement. If Sailor does not remove this contingency in writing within that time, Buyer, after giving Seller a Notice to Seller to Perform (CAR. Form NSP), may cancel the Agreement in writing. 3. (a) Time periods in the Agreement for inspections, contingencies, covenants and other obligations shall begin: (i) as specified in the Agreement (I) (if checked) L3 the day after Seller delivers to Buyer a written notice removing this contingency; or (III) (if checked) ❑ Other (b) Buyer and Seller agree that Seller may, by providing Buyer written notice at the time Seller removes this contingency, extend the Close Of Escrow date for a maximum of additional Days or until 9 (date). 4. Even after the expiration of the time specified in 82, Seller retains, until Buyer cancels pursuant to B2, the right to remove in writing this contingency or cancel the Agreement. Once Buyer receives Seller's written removal of this contingency, Buyer may not cancel pursuant to B2. By signing below, oyes and Seller each acknowledge that they have lead, understand, accept and have received a copy of this Addendum. tr5 Date oecusignee by: 2 Date 471 7. Buyer X Seller 24ten JOStrLSObt• • au" JcIffeatfflassan Buyer X Seller Ross iVaeman The oopyrCht laws of Iho Untied Slaws (TITLE 17 U.S. Code) Sorbed the reprodudion of this form by any means. Mduding facsimile or comfaAraired formals. Copyright 0 2006-2012, CALIFORNIA ASSOCIATION OF REALTORS.Inc. Al Rights Reserved. TIC FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REAI_TORSO (C A.R). NO REPRESENTATION IS MACE M TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVCE, CONSULT AN APPROPRIATE PROFESSIONAL. bra na is available for use by the entire real estate Mduatiy. Is not Wake io the user as a REALTORS. REALTORS Is a repldered colledIve members,* murk which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS. who subscrass to as Code of Ethics. IL Ablated en0Disituled bs REAL ESTATE BUSINESS SERVICES. RC Reviewed by IDA pavke c subsifaryollhe CeliabAtoxitta,&REALMS* Otetliwt, • 525 SastiVegt Ream, toe Aueles Calb-tis COP 11/12 (PAGE 1OF 1) CONTINGENCY FOR SALE OR PURCHASE OF OTHER PROPERTY (COP PAGE 1 OF 1) Agent: Briar Pecsok Phone: (310)500.1319 Fax: Prepared using zipForml9 software Broker. Partners Trust: Real Estate Brokerage & Acquisitions 11726 San Vicente Blvd Ste 360 Los Angeles, CA 90049 EFTA01108356 DoteSign Envelope ID: CF39918500A8-46E513D3A 233EAOCFD585 CALIFORNIA 441 4 CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT a ASSOCIATION OF REA LTOR.S e AND JOINT ESCROW INSTRUCTIONS For Use With Single Family Residential Property —Attached or Detached (C.A.R. Form RPA-CA, Revised 4/13) Date September 22, 2013 1. OFFER: A. THIS IS AN OFFER FROM Thomas Nieman, Rosalind N. Nieman ("Buyer). B. THE REAL PROPERTY TO BE ACQUIRED Is described as 16490 El !Zito Place. Pacific Palisades CA 90272 , Assessors Parcel No. 4420-017-0, 0 situated in Pacific Palisades , County of Los Angeles . California, ("Property"). C. THE PURCHASE PRICE offered is Pour JCIZ ton, Three Hundred Thousand Dolars$ 4.300,000,00 D. CLOSE OF ESCROW shall occur on (date) (or m sag • Days After Acceptance)* 2. AGENCY:*"44‘...„frette..,Vitni, j,k.spr tovisThyp., %Area eiractsc-ti ev‘ ristl'inmicasysiusg_ i i3or A. DISCLOSURE.% r ancrtMr gkivkaa r dFs "Disclosure Regarding Real Estate Agency Relationships" (CAR. Form AD). B. POTENTIALLY COMPETING BUYERS AND SELLERS: Buyer and Seller each acknowledge receipt of a disclosure of the posSiblity of multiple representation by the Broker representing that principal. This disclosure may be part of a listing agreement, buyer representation agreement or separate document (CAR. Form DA). Buyer understands that Broker representing Buyer may also represent other potential buyers, who may consider, make offers on or ultimately acquire the Property. Seller understands that Broker representing Seiler nay also represent other sellers with competing properties of interest to this Buyer. C. CONFIRMATION: The following agency relationships are hereby confirmed for this transaction: Listing Agent Sotheby's International Realty (Print Firm Name) is the agent of (check one): gi the Seller exclusively, or O both the Buyer and Seder. Selling Agent Partners Trust (Print Firm Name) (If not the same as the Listing Agent) is the agent of (check one): al the Buyer exclusively; or 0 the Seller exclusively; or O both the Buyer and Seller. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. 3. FINANCE TERMS: Buyer represents that funds will be good when deposited with Escrow Holder. A. INITIAL DEPOSIT: Deposit shall be in the amount of 122,000 00 (1) Buyer shall deliver deposit directly to Escrow Holder by personal check, electonk funds transfer, 0 other within 3 business days after acceptance (or O Other ); OR (2) (If checked) Buyer has given the deposit by personal check (or to the agent submitting the offer (or to Q 1. made payable to . The deposit shall oe held uncashed until Acceptance and then deposited with Escrow Holder (or O Into Brokers trust account) within 3 business days after Acceptance (or Other )i B. INCREASED DEPOSIT: Buyer shell deposit with Escrow Holder an increased deposit In the amount of within Days After Acceptance, or It a liquidated damages clause Is Incorporated into this Agreement. Buyer and Seller shall sign a separate liquidated damages clause (C.A.R. Form RID) for any Increased deposit at the time It is Delvered. C. LOAN(S): (1) FIRST LOAN: In the amount of S 2, 580,000 00 This loan will be conventional financing or, If checked, [' FHA. OVA, OSerier (CAR. Form SFA), assumed financing (CAR. Form PRA). O Other Thls ken shall be ate Ned rate not to exceed 5.500 %or, man adjustaUe rate loan with initial rate not to exceed 4.500 96. Regardless of the type of loan, Buyer shall pay points not to exceed % of the loan amount. (2) O SECOND LOAN: kr the amount of This loan will be conventional financing or, it checked, ['Seller (CAR. Form SFA), O assumed financing (CAR. Form PM). ['Other This loan shall be at a rued rate not to exceed % or. an adjustable rate loan with Initial rate not to exceed %. Regardless of the type of loan, Buyer shall pay points not to exceed % of the loan amount. (3) FHANA: For any FHA or VA loan specified above, Buyer has 17 (or O ) Days After Acceptance to Delver to Seller written notice (CAR. Form FVA) of any lender-required repairs or costs that Buyer requests Seller to pay for or othenete 0311001. Setter has no obligation to pay or satisfy tender requirements unless otherwise agreed in writing. D. ADDITIONAL FINANCING TERMS: E. BALANCE OF DOWN PAYMENT OR PURCHASE PRICE In the amount of 1.591. 000 00 to be deposited with Escrow Holder within sufficient time to close escrow. F. PURCHASE PRICE (TOTAL) os 4. 300. 000. 00 Duyers lnaieh ( X )(X 02013. Callornia Autealosol REALT0RS*. Inc Steers WSW% ( F15.3 Int (DS KM.: 0140.1unir RPA-CA REVISED 4113 (PAGE 1 OF 8) Reviewed by Darn CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 1 OF 8) Agent: Mier Pecsok Phone: (310)500.1319 Fax: Prepared using zipForme software Broker: Partners Trust: Real Estate Brokerage & Acquisitions 11726 San Vicente Blvd St* 360 Los Angeles. CA 80049 EFTA01108357 DocuSign Envelope ID: CF399185-D0A8-46ES-BD3A-233EAOCID585 16490 El Hito Place Property Address: Pacific Palisades, C4 90272 Date: September 22, 2013 G. VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS: Buyer (or Buyers lender or loan broker pursuant to 3H(1) shall, within 7 (or a(' 2 ) Days After Acceptance. Deliver to Seller written verification of Buyers down payment and dosing costs. (If checked, O verification attached.) H. LOAN TERMS: (1) LOAN APPLICATIONS: Wthin 7 (or El ) Days After Acceptance, Buyer shall Deliver to Seller a leder from lender or loan broker stating that, based on a review of Buyers written application and credit report Buyer is prequalified or preapproved for any NEW loan specified in 3C above. (If checked, ['letter attached.) (2) LOAN CONTINGENCY: Buyer shall act dlUgently and in good faith to obtain the designated loan(s). Obtaining the toe(*) specified above is a contingency of this Agreement unless otherwise agreed in writing. Buyers contractual obligations to obtain and provide deposit, balance of dovm payment and easing costs are not contingencies of this Agreement. (3) LOAN CONTINGENCY REMOVAL: (1) Whin 17 (or al SI ) Days After Acceptance, Buyer shall, as specified in paragraph 14, In writing remove the loan contingency or cancel this Agreement OR (il) (If checked) O the loan contingency shall remain in effect until the designated loans are funded. (4) ONO LOAN CONTINGENCY (ft checked): Obtaining any loan specified above is NOT a contingency of this Agreement. If Buyer does not obtain the loan and as a result Buyer does not purchase the Property, Seller may be entitled to Buyers deposit or other legal remedies. I. APPRAISAL CONTINGENCY AND REMOVAL: This Agreement is (or, if chested, Ells NOT) contingent upon a written appraisal of the Property by a licensed or certified appraiser at no less than the specified purchase price. If there is a loan contingency. Buyers removal of the loan contingency shall be deemed removal of this appraisal contingency (or, la If checked, Buyer shall, as specified in paragraph I4B(3), In wnling remove the appraisal contingency or camel this Agreement within 17 (at 22 ) Days After Acceptance). If there is no ban contingency, Buyer shall, as specified in paragraph 148(3), In writing remove the appraisal contingency or cancel this Agreement within 17 (or ) Days After Acceptance. J. O ALL CASH OFFER (If checked): Buyer shall, within 7 (or O ) Days After Acceptance, Deliver to Seller written verification of sufficient funds to close this transaction. (If checked, Elverification attached.) K. BUYER STATED FINANCING: Seller has relied on Buyers representation of the type of fmancing specified (Including but not limited to, as applicable. amount of down payment, contingent or non contingent loan, w all cash). II Buyer seeks alternate financing. (i) Seller has no obligation to cooperate with Buyers efforts to obtain such financing, and (li) Buyer shall also pursue the financing method specified in this Agreement. Buyers talkie to secure alternate financing does not excuse Buyer from the obligation to purchase the Property and dose escrow as specified In this Agreement. 4. ALLOCATION OF COSTS (If checked): Unless otherwise specified here, in writing, this paragraph only determines who is to pay for the inspection, test or service ('Report) mentioned; it does not determine who Is to pay for any work recommended or identified In the Report. A. INSPECTIONS AND REPORTS: (1) O Buyer 2g Seller shall pay for an Inspection and report for wood destroying pests and organisms ('Wood Pest Repor prepared by •101/ mutually aoreed upon comPanY a registered structural pest control company. (2) O Buyer al Seller shall pay to have septic or private sewage disposal systems Inspected if applicable (3) °Buyer Seller shall pay to have domestic wells tested to water potabany and producOvly j f sopLicable (4) O Buyer al Seller shall pay for a natural hazard zone disclosure report prepared by Prop ID IV Clue (6) O Buyer al Seller shall pay for the following Inspection or report clue v/in 2 days (6) O Buyer al Seller shall pay for the following Inspection or report Qt tv Report v/in 2 days B. GOVERNMENT REQUIREMENTS AND RETROFIT: (1) O Buyer 20 Seller shall pay for smoke detector installation andror water heater bracing, If required by Law. Prior to Close Of Escrow, Seller shall provide Buyer written statements) of compliance In accordance with state and local Law, unless exempt. (2) 0 Buyer al Seller shall pay the cost of compliance with any other minimum mandatory government retrofit standards, inspections and reports If required as a condition of closing escrow wider any Law. like for like if applicable C. ESCROW AND TITLE: (1) ei Buyer co Seller shall pay escrow fee '10/901 sal Escrow Holder shall be any mutually aarPPei upon crtimanv (2) O Buyer al Seller shall pay for owner's fele insurance policy specified in paragraph 12E Owners title policy to be Issued by Chicase Tit re-Michael McKeon (Buyer shall pay for any tide Insurance policy insuring Buyers lender, unless otherwise agreed in writing.) D. OTHER COSTS: (1) O Buyer al Seller shall pay County transfer tax or fee (2) O Buyer gi Seller shall pay City transfer tax or fee (3) O Buyer Seller shall pay Homeovmer's Association (110A1transfer fee if applicable (4) O Buyer Seller shall pay HOA document preparation fees if applicable (6) 0 Buyer 2ig Seller shall pay for any private transfer fee i e ann) i rahle (6) O Buyer 20 Seller shall pay the cost, not to exceed $ 900.00 , of a one-year home warranty plan, Issued by First American Home -Mary Stu Ervan with the following optional coverages: I32 Air Conditioner la Pool/Spa Ea Codo and Permit upgrade O Other Buyer is informed that home wamarty plans have many optional coverages In addition to those listed above. Buyer is advised to investigate these coverages to determine those that may be suitable for Buyer. (7) O Buyer O Sever shall pay for (8) 0 Buyer 0 Seller shall pay for rt53 Buyer's Initiate (X )(X ) States tnibais )( Reviewed by Dale RPA.CA REVISED 4113 (PAGE 2 OF 8) 'WO' CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA -CA PAGE 2 OF 8) El Ilido-Nietelet EFTA01108358 _DocuSign Envelope ID: CF3991B5-DDA8-46E5-BD3A-233EAOCF0585 16490 S.Z Rito Playas Property Address: Pacific Palisades, CA 90272 Date: September 22, 2013 5. CLOSING AND POSSESSION: A. Buyer Intends (or DI does not intend) to occupy the Property as Buyer's primary residence. B. Seller-occupied or vacant property: Possession shall be delivered to Buyer at 5 PM or ( 9 AM El PM) on the date of Close Of Escrow; el on on recording : or Ono later than Days After Close Of Escrow. If transfer of title and possession do not occur at the same time, Buyer and Seller are advised to: (i) enier rr eritten occupancy agreement (C.A.R. Form PAA. paragraph 2): and (ii) consult with their insurance and legal advisors. C. Tenant-occupied property: (t) Property shall be vacant at least 6 (or n ) Days Pam to Close Of Escrow, unless otherwise agreed in writing. Note to Seller: If you are unable to deliver Property vacant-Ft ae with rent control and other applicable Law, you may be In breach of this Agreement. OR (II) (if checked) 9 Tenant to remain in possession. (CAR. Form PAA, paragraph 3) D. At Close Of Escrow, (I) Seller assigns to Buyer any assignable warranty rights for Items Included in the sale, and (II) Seller shall Deliver to Buyer available Copies of warranties. Brokers cannot and WIN not determine the assigna belly of any warranties. E. At Close Of Escrow, unless otherwise agreed in writing. Seller shall provide keys and/or means to operate all locks, mailboxes, security systems, alarms and garage door openers. If Property is a condominium or located in a common Interest subdivision, Buyer may be required to pay a deposit to the Homeowners' Association ('HOA') to obtain keys to accessible HOA facilities. 8. STATUTORY DISCLOSURES (INCLUDING LEAD-BASED PAINT HAZARD DISCLOSURES) AND CANCELLATION RIGHTS: A. (1) Seller shall, within the time specified in paragraph 14A, Deliver to Buyer, if required by Law: (I) Federal Lead-Based Paint Disclosures (CAR. Form FLD) and pamphlet (lead Disclosures"); and (II) disclosures or notices required by sections 1102 et. seq. and 1103 et. seq. of the Civil Code (Statutory Disclosuresl. Statutory Disclosures include, but are not limited to, a Real Estate Transfer Disclosure Statement (- TDS"). Natural Hazard Disclosure Statement (NHD"), notice or actual knowledge of release of Illegal controlled substance, notice of special tax and/or assessments (or, if allowed, substantially equivalent notice regarding the Mello-Roos Community Facilities Act and Improvement Bond Act of 1915) and, if Seller has actual knowledge, of industrial use and military ordnance location (CAR. Form SPO or SSD). (2) Buyer shall, within the time specified in paragraph 148(1), return Signed Copies of the Statutory and Lead Disclosures to Seller. (3) in the event Seller, prior to Close Of Escrow, becomes aware of adverse conditions materially affecting the Property, or any material inaccuracy in disclosures, information or representations previously provided to Buyer. Seller shall promptly provide a subsequent or amended disclosure or notice, in writing, covering those items However, a subsequent or amended disclosure shall not be required for conditions and material inaccuracies of which Buyer is otherwise aware, or which are disclosed in reports provkled to or obtained by Buyer or ordered and paid for by Buyer. (4) If any disclosure or notice specified in SAW, or subsequent or amended disclosure or notice Is Delivered to Buyer after the offer is Signed. Buyer shall have the right to cancel this Agreement within 3 Days Alter Delivery in person, or 6 Days After Delivery by deposit in the mall, by giving wffitten notice of cancellation to Seller or Sellers agent. (6) Note to Buyer and Seller: Waiver of Statutory and Lead Disclosures Is prohibited by Law. B. NATURAL AND ENVIRONMENTAL HAZARDS: Within the time specified in paragraph 14A, Serer shall, if required by Lew: (I) Deliver to Buyer earthquake guides (and questionnaire) and environmental hazards booklet; (ii) even if exempt from the obligation to provide a NHO, disclose if the Property is located In a Special Flood Hazard Area; Potential Flooding (Inundation) Area; Very High Fire Hazard Zone; State Fire Responsibity Area; Earthquake Fault Zone; Seismic Hazard Zone; and (ill) disclose any other zone as required by Law and provide any other information required for those zones. C. WITHHOLDING TAXES: Within the time specified in paragraph 14A, to avoid required withholding, Seller shall Deliver to Buyer or qualified substitute, an affidavit sufficient to comply with federal (FIRPTA) and California withholding Law (CAR. Form AS or OS). D. MEGAN'S LAW DATABASE DISCLOSURE: Nam: Punsuart to Section 290.46 of the Penal Code, iniannatfon about specified registered sex offenders is made available to the public via an Internet Web site maintained by the Department of Justice at www.meganslaw.ca.gov. Depending on en offenders criminal history, this information will include either the address at which the offender resides or the community of residence and ZIP Code in which he or she resides. (Neither Seiler nor Brokers are required to check this webffile. If Buyer wants further information, Broker recommends that Buyer obtain Information from this webstte during Buyers Inspection contingency period. Brokers do not have expertise in this area.) E. NOTICE REGARDING GAS AND HAZARDOUS LIQUID TRANSMISSION PIPELINES: This notice is being provided simply to inform you that information about the general location of gas and hazardous liquid transmission pipelines is available to the public via the National Pipeline Mapping System (NPMS) Internet Web site maintained by the United States Department of Transportation at httpfhwnv.npms.phmsa.dagovi. To seek further information about possible transmission pipelines near the Property, you may contact your local gas utility or other pipeline operators In the area. Contact information for pipo fine operators is Searchable by ZIP Code and county on the NPMS Internet Web site. 7. CONDOMINIUWPLANNED DEVELOPMENT DISCLOSURES: A. SELLER HAS: 7 (or o ) Days After Acceptance to disclose to Buyer whether the Properly is a condominium, or is located in a planned development or other common interest subdivision (CAR. Form SPO or SSD). 8. If the Property is a condominium or is located in a planned development or other common interest subdivision, Seger has 3 (or Days Alter Acceptance to request from the HOA (CAR. Form HOA): (I) Copies of any documents required by Law; (II) disclosure TI an r ir rend ng or anticipated claim or litigation by or against the HOA; (NI) a statement containing the location and number of designated parking and storage spaces; (iv) Copies of the most recent 12 months of HOA minutes for regular and special meetings; and (v) the names and contact information of all HOAs governing the Property (collectively, "Cl Disclosures"). Seller shall itemize and Deliver to Buyer all CI Disclosures received from the HOA and any Cl Disclosures in Seller's possession. Buyer's approval of CI Disclosures is a coMegency of this Agreement as specified in paragraph 148(3). 8. ITEMS INCLUDED IN AND EXCLUDED FROM PURCHASE PRICE: A. NOTE TO BUYER AND SELLER Items listed as included or excluded In the MIS, flyers or marketing materials are not included in the purchase price or excluded from the sale unless specified in 88 or C. B. ITEMS INCLUDED IN SALE: (1) All EXISTING fixtures and fittings that are attached to the Property; (2) EXISTING electrical, mechanical. lighting, plumbing end heating fixtures, ceiling fans, fireplace inserts, gas logs and grates, solar systems, built-in appliances, window and door screens, awnings, shutters, window coverings, attached lbor coverings, television antennas, satellite disheh private integrated telephone systems, sir coolersfficindltioners, poWspa equiprnent, garage door openers:remote controls, mailbox, In-ground landscaping, trees/shrubs, water softeners, water purifiers, security systems/alarms; (If checked) alstove(s), go refrigerator(s): r DS Buyers mos (X el3 )(X ) Sellers Initials ( 15.) ) Reviewed by Dale Cita CCM RPACA REVISED 4/13 (PAGE 3 OF S tgiltroul I CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 3 OF 8) El Flan-Nieman EFTA01108359 DocuSign Envelope ID: GF3991B5-DDA8-46E5-BD3A-233EMCFD585 15490 El Ili to Place Property Address: Pacific Palisades, CA 90272 Date: September 22, 20.13 (3) The following additional items. i efirt refereered fit NV/market no' inc. washer 4-..outdoor sneakers (4) Seller represents that all items included in the purchase price, unless otherwise specified, are owned per. (5) ALIItems Included shall be transferred free of Mons and without Seller waifs*. C. ITEMS EXCLUDED FROM SALE: Unless otherwise specified, audio and video components (such as flat screen TVs and speakers) are excluded if any such Item Is not itself attached to the Property, even if a bracket or other mechanism attached to the component Is attached to the Property; and 9. CONDITION OF PROPERTY: Unless otherwise agreed: (i) the Property is sold (a) in Its PRESENT physical ("as4s1 condition as of the date of Acceptance and (b) subject to Buyers Investigation tights; (6) the Property, including pool, spa, landscaping and grounds, is to be maintained in substantially the same condeion as on the date of Acceptance; and (tap all debris and personal property not Included In the sale shall be removed by Close Of Escrow. A. Seller shag, within the time specified in paragraph 14A, DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the Property, Including known Insurance claims within the past eve years, and make any and all other disclosures required by law. B. Buyer has the right to inspect the Property and, as spechied In paragraph 14B. based upon information discovered in those Inspections: (I) cancel this Agreement; or (ii) request that Seller make Repairs or take other action. C. Buyer is strongly advised to conduct investigations of the entire Property In order to determine Its present condition. Seller may not be aware of all defects affecting the Property or other factors that Buyer considers Important. Property Improvements may not be built according to code. In compliance with current Law, or have had permits Issued. 10. BUYER'S INVESTIGATION OF PROPERTY AND MATTERS AFFECTING PROPERTY: A. Buyer's acceptance of the condition of, and any other matter affecting the Property, is a contingency of this Agreement as specified in this paragraph and paragraph 146. Within the time specified in paragraph 14B(1), Buyer shall have the right, at Buyer's expense unless otherwise agreed, to conduct Inspections, investigations, teats, surveys and other studies (Buyer Investigational, including, but not limited to, the right to: (i) Inspect for lead-based paint and other lead-based paint hazards; (II) Inspect for wood destroying pests and organisms; (iii) review the registered sex offender database; (Iv) confirm the insurability of Buyer and the Property; and (v) satisfy Buyer as to any matter specified in the attached Buyers Inspection Advisory (CAR. Form BIA). Without Sellers prior written consent. Buyer shall neither make nor cause to be made: (I) invasive or destructive Buyer investigations; or (ii) Inspections by any governmental building or zoning inspector or government employee. unless required by Law. B. Seller shall make the Property available tar all Buyer Investigations- Buyer shall (II as specified in paragraph 148, complete Buyer Investigations and, either remove the contingency or cancel this Agreement, and 00 give Seller, at no cost, complete Copies of all investigation reports obtained by Buyer, which obfigation shall survive the termination of this Agreement. C. Seller shall have water, gas, electricity and all operable pilot lights on for Buyers Investigations and through the date possession is made available to Buyer. D. Buyer Indemnity and Seller protection for entry upon property: &war shall: 0, keep the Property free and clear of liens; (i) repair all damage arising from Buyer Investigations; and OW indemnify and hold Seller harmless from all resulting liability, claims, demands, damages and costs. Buyer shall carry, or Buyer shall require anyone acting on Buyers behalf to (any, policies of liability, workers' compensation and other applicable Insurance, defending and protecting Seller from liability for any injuries to persons or property occurring during any Buyer Investigations or work done on the Property at Buyer's direction prior to Close Of Escrow. Seller is advised that certain protections may be afforded Seller by recording a 'Notice of Nonresponsibilly (CAB. Forrn NNR) tor Buyer investigations and work done on the Property al Buyer's direction. Buyers obligations under this paragraph shall survive the termination of this Agreement. 11. SELLER DISCLOSURES; ADDENDA; ADVISORIES; OTHER TERMS: A. Seller Disclosures (If checked): Seller shall, within the time specified In paragraph 14A, complete and provide Buyer with a: M Seller Property Questionnaire (CAR. Form SPO) OR m Supplemental Contractual and Statutory Disclosure (CAR. Form SSD) B. Addenda (if checked): 0 Addendum I (CAR. Form ADM) Wood Destroying Pest Inspection and Allocation of Cost Addendum (C.A.R. Form WPA) ['Purchase Agreement Addendum (CAR Fonn PM) ['Septic, Well and Property Monument Addendum (CAR. Form SWPI) nShort Sale Addendum (CAR. Form SSA) 15f) Other Mtn C. Advisories (If checked): El Buyers Inspection Advisory (CAR. Form BIA) ['Probate Advisory (CAR. Form PAK) en Statewide Buyer and Seller Advisory (CAR. Form SBSA) []Trust Advisory (C.A.R. Form TA) ❑ REO Advisory (CAR. Form REO) D. Other Terms: 12. TITLE AND VESTING: A. Within the time specified in paragraph 14, Buyer shall be provided a current preliminary tale report, which shall include a search of the General Index, Seller shall wtthki 7 Days After Acceptance, give Escrow Holder a completed Statement of Information. The preliminary report is only an offer by the title insurer to issue a policy of title insurance and may not contain every item affecting title. Buyer's review of the preliminary report and any other matters which may affect title are a contingency of this Agreement as specified in paragraph 14B. B. Title is taken in Its present condition subject to all encumbrances, easements, covenants, conditions, restrictions, rights and other matters, whether of record or not, as of the date of Acceptance except: (I) monetary liens of record unless Buyer is assuming those obligations or taking the Property subject to those obligations; and (II) those matters which Seller has agreed to remove in writing. C. 1/14thIn the time specified in paragraph 14A, Seller has a duty to disclose to Buyer all matters known to Seller affecting title, whether of record or not. D. At Close Ol Escrow, Buyer shall receive a grant deed conveying Me (or, for stock cooperative or long-term lease, an assignment of stock certificate or of Sellers leasehold interest), Including oil, mineral and water rights II currently owned by Seller. Title shall vest as designated in Buyers supplemental escrow Instructions THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT LEGAL AND TAX CONSEQUENCES. CONSULT AN APPROPRIATE PROFESSIONAL. E. Buyer shall receive a CLTA/ALTA Homeowners Policy of Tile Insurance. A title company, at Buyers request, can provide information about the availability, desirability, coverage, and cost of various title insurance coverages and endorsements. If Buyer desires tree coverage other than that required by this paragraph. Buy r shall instruct Escrow Holder In wrung and pay any increase in cost. os Buyers Initials ()(f )(X RPA-CA REVISED 4113 (PAGE 4 OF 8) Reviewed by Dab' Seller's Initials ( 1 t5i )( )a I CY*4 ilC tit/PI0C TV CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 4 OF 8) El I ko-Nitem EFTA01108360 DocuSign Envelope ID: CF3991B5-EIDA8-46E5.BD3A-233EAOCFDS15 164,90 Rito Place Property Address: Pacific Palisades, CA 90272 Date' September 22, 2013 13. SALE OF BUYER'S PROPERTY: A. This Agreement is NOT contingent upon the sale of any property owned by Buyer. OR B. er(If checked): The attached addendum (CAR. Form COP) regarding the contingency for the sale of property owned by Buyer is Incorporated Elite this Agreement 14. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The following time periods may only be extended, altered, modified or changed by mutual written agreement. Any removal of contingencies or cancellation under this paragraph by either Buyer or Seller must be exercised in good faith and in writing (C.A.R. Form CR or CC). A. SELLER HAS: 7 (or El ) Days Alter Acceptance to Deliver to Buyer all Reports, disclosures and Information for which Seller is responsible under paragraphs 4, 6A, B and C, 7A. BA, 11A and B. and 12A. Buyer may give Saber a Notice to Seller to Perform (CAR. Form NSP) if Seller has not Delivered the items within the tine specified. B. (1) BUYER HAS: 17 (or el 21 ) Days After Acceptance, unless otherwise agreed in writing, to: (I) complete as Buyer Invedigations; approve WI cAlsidounts, reports and other applicable information. which Buyer receives from Seller; and approve all matters affecting the Property; and (li) Deliver to Seller Signed Copies of Statutory and Lead Disclosures Delivered by Seller In accordance with paragraph 6A. (2) Within the time specified in 146(1), Buyer may request that Seller make repairs or take any other action regarding the Property (C.A.R. Form RR). Seiler has no obligation to agree to or respond to Buyer's requests. (3) By the end of the time specified in 148(1) (or as otherwise specified in this Agreement), Buyer shall, Deliver to Seller a removal of the applicable contingency or cancellation (C.A.R. Form CR or CC) of this Agreement However, if any report, disclosure or information for which Seller is responsible Is not Delivered within the time specified In 14A. then Buyer has 5 (or 0 ) Days Alter Delivery of any such items, or the time specified In 148(1), whichever Is later, to Deliver to Seller a removal ofTfie applicable contingency or cancellation of this Agreement. (4) Continuation of Contingency: Even after the end of the time specified in 148(1) and before Seller cancels, If al all, pursuant to 14C, Buyer retains the right to either (i) in writing remove remaining contingencies, or (ii) cancel this Agreement based on a remaining contingency. Once Buyers written removal of all contingencies is Delivered to Seiler. Seiler may not cancel this Agreement pursuant to 14C(1). C. SELLER RIGHT TO CANCEL: (1) Seller right to Cancel; Buyer Contingencies: It by The time specified In ores Agreement. Buyer does not Deliver to Seller a removal el the applicable contingency or cancellation of this Agreement then Seller, after first Delivering to Buyer a Notice to Buyer to Perform (CA.R. Form NBP) may cancel ens Agreement. In such event, Seller shall authorize return of Buyer's deposit. (2) Seller right to Cancel; Buyer Contract Obligations: Seller, after first Delivering to Buyer a NBP may cancel this Agreement for any of the following reasons: (I) if Buyer falls to deposit funds as required by 3A or 38; (ii) if the funds deposited pursuant to 3A or 3B are not good when deposited; (iii) if Buyer fags to Deliver a notice of FHA or VA costs or terms as required by 3C(3) (CAR. Form FVA); (Iv) if Buyer fails to Deliver a letter as required by 3H; (v) if Buyer fails to Deliver verification as required by 3G or 3.1; (vi) if Seller reasonably disapproves of the verification provided by 3G or 3.1; (vii) if Buyer tails to return Statutory and lead Disclosures as required by paragraph 6A(2); or (viii) if Buyer fails to sign or initial a separate liquidated damages form for an Increased deposit as required by paragraphs 38 and 25. In such event, Seller shall authorize return of Buyers deposit (3) Notice To Buyer To Perform: The NBP shall: (i) be in writing; (II) be signed by Seller; and (iii) give Buyer at least 2 (or ID ) Days After Delivery (or until the time specified in the applicable paragraph, whichever occurs last) to take the applicable action. A-F1177nry not be Delivered any earlier than 2 Days Prior to the expiration of the applicable time for Buyer to remove a contingency or cancel this Agreement or meet an obligation specified In 14C(2). D. EFFECT OF BUYERS REMOVAL OF CONTINGENCIES: if Buyer removes, in writing, any contingency or canceNatkin rights, unless otherwise specified n a separate written agreement between Buyer and Seller, Buyer shall conclusively be deemed to have: (I) completed all Buyer Investigations, and review of reports and other applicable information and disclosures pertaining to that contingency or cancellation right; (Ii) elected to proceed with the transaction; and (hi) assumed all liability, responsibility and expense for Repairs or corrections pertaining to that contingency or cancellation right, or for Inability to obtain finandng. E. CLOSE OF ESCROW: Before Sever or Buyer may cancel this Agreement for *allure of the other party to dose escrow pursuant to this Agreement, Seller or Buyer must first Deliver to the other a demand to dose escrow (CAR. Form DCE). F. EFFECT OF CANCELLATION ON DEPOSITS: If Buyer or Seller gives written notice of cancellation pursuant to rights duly exercised under the terms of this Agreement, Buyer and Seller agree to Sign mutual instructions to cancel the sale and escrow and release deposits, if any, to the party entitled to the funds, less fees and costs incurred by that party. Fees and costs may be payable to service providers and vendors for services and products provided during escrow. Release of funds will require mutual Signed release Instructions from Buyer and Seller, judicial decision or arbitration award. A Buyer or Seller may be subject to a civil penalty of up to $1,000 for refusal to sign such Instructions if no good faith dispute exists as to who is entitled to the deposited funds (Civil Code §1067.3). 16. REPAIRS: Repairs shall be completed prior to final verification of condition unless otherwise agreed in writing. Repairs to be performed at Sellers expense may be performed by Seler or tteou.gh others, provided that the work complies with applicable taw, Including governmental permit, Inspection and approval requirements. Repairs shal be performed in a good, 'Wilful manner with materials of quality and appearance comparable to existing materials. It is understood that exact restoration of appearance or cosmetic Items following all Repairs may not be possible. Seiler shalt (I) obtain receipts for Repairs performed by others, (ii) prepare a written statement indeating the Repairs performed by Seiler and the date of such Repairs; and (III) provide Copies of receipts and statements to Buyer prior to final verification of condition. 18. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final inspection of the Property within 6 (or ) Days Prior to Close Of Escrow, NOT AS A CONTINGENCY OF THE SALE, but solely to confirm: (I) the Property is maintained pursuant to paragraph 9; (II) Repairs have been completed as agreed; and (iii) Seller has complied with Seller's other obligations under this Agreement (OAR. Form VP). 17. PRORATIONS OF PROPERTY TAXES AND OTHER ITEMS: Unless otherwise agreed In writing, the following Items shall be PAID CURRENT and prorated between Buyer and Seiler as of Close Of Escrow: seat property taxes and encasements, Interest, rents. ROA regular, special, and emergency dues and assessments imposed prior to Close Of Escrow, premiums on insurance assumed by Buyer, payments on bonds and assessments assumed by Buyer, and payments on Mello-Roos and other Special Assessment District bonds and assessments that are now a ben The following items shall be assumed by Buyer WITHOUT CREDIT toward the purchase price: prorated payments on Mello-Roos and other Special Assessment District bonds and assessments and HOA special assessments that are now a lien but not yet due. Property val be reassessed upon change of ownership. Any supplemental tax bias shall be paid as follows: 110 for periods after Close Of Escrow, by Buyer and (If) for periods prior to Close Of Escrow, by Seller (see C.A.R. For1 ) SPT or SBSA for further Information). TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN I BUYER AN SELLER. Prorations shall be made based on a 30-day month. os 1ht (2.3 Buyers Initials (X g )(A ) Sellers initials Reviewed by Dale inn ialter: RPA-CA REVISED 4/13 (PAGE 6 OF 8) 0011410.1r CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGES OF 8) CI li do-Niemen EFTA01108361 DocuSign Envelope ID: CF3991B5-DDA8.46ES.BD3A-233EAOCF0S85 16490 .E1 Hite Place Property Address: Pacific Palisades, CA 90272 Date: September 22, 2013 18. SELECTION OF SERVICE PROVIDERS: Brokers do not guarantee the performance of any vendors service or product providers (-Providers"), whether referred by Broker or selected by Buyer, Seller or other person. Buyer and Seller may select ANY Providers of their own choosing. 19. MULTIPLE LISTING SERVICE ('MLS'): Brokers am authorized to report to the MLS a pending sale and, upon Close Of Escrow, the sales price and other terms of this transaction shall be provided to the MLS to bo published and disseminated to persons and entities authorized to use the information on terms approved by the MLS. 20. EQUAL HOUSING OPPORTUNITY: The Property is sold in compliance with federal, state and local antl-dIscanthation Laws. 21. ATTORNEY FEES: In any action, proceeding, or arbftratcrn between Buyer and Seller andng out of flits Agreement, the prevailing Buyer or Seller shall be entlfted to reasonable attorney fees and costa from the non-prevailing Buyer or Seller, except as provided in paragraph 28k 22. DEFINITIONS: As used in this Agreement' A. "Acceptance" means the time the offer or final counter offer is accepted in writing by a party and Is delivered to and personally received by the other party or that party's authorized agent in accordance with the teens of this offer olefins; counter offer. 8. "CA.R. Porn" means the specific form referenced or another comparable form agreed to by the parties. C. "Close Of Escrow' means the date the grant deed, or other evidence of transfer of title Is recorded. D. "Copy" means copy by any means includng photocopy, NCR, facsimile and electronic. E. "Days" means calendar days. However, alter Acceptance, the last Day for performance of any act required by this Agreement (including Close Of Escrow) shall not include any Saturday, Sunday, or legal holiday and shall instead be the next Day. F. "Days After means the specified number of calendar days after the occurrence of the event specified, not counting the calendar date on which the specified event occurs, and ending at 11:59PM on the final day. G. "Days Prior means the specified number of calendar days before the occurrence of the event speeded, not counting the calendar date on which the specified event Is scheduled to occur. H. "Deliver", "Delivered" or "Delivery', means and shall be effective upon (i) personal receipt by Buyer or Seller or the individual Real Estate Licensee for that principal as specified In paragraph 0 of the section titled Real Estate Brokers on page 8, regardless of the method used (I.e. messenger, mail, email, fax, other); OR oft if checked, ❑ per the attached addendum (C.A.R. Form RDN). I. 'Electronic Copy" or 'Electronic Signature" means, as applicable, an electronic coq ot signature complying with California Law. Buyer and Seller agree that electronic means will not be used by either party to modify or alter the content or integrity of this Agreement without the knowledge and consent of the other. J. "Law" means any law, code, statute. ordnance, regulation. rule or order, which is adopted by a controlling city, county, state or federal legislative, judicial or executive body or agency. K. "Repairs" means any repairs (including pest control), alterations, replacements, modifications or retrofitting of the Properly provided for under this Agreement. L. "Signed" means either a handwritten or electronic signature on an original document, Copy or any counterpart. 23. BROKER COMPENSATION: Seller or Buyer, or both, as applicable, agrees to pay compensation to Broker as specified In a separate written agreement between Broker and that Seller or Buyer. Compensation is payable upon Close Of EIXIOW, or If escrow does not close, as otherwise specified in the agreement between Broker and that Seler or Buyer. 24. JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER: A. The following paragraphs, or applicable portions thereof, of this Agreement constitute the joint escrow Instructions of Buyer and Seller to Escrow Holder, which Escrow Holder is to use along with any related counter offers and addenda, and any additional mutual Instructions to close the escrow: 1, 3, 4. BC, 118 and 0, 12, 138, 14F, 17, 22, 23, 24, 28, 30 and paragraph D of the section titled Real Estate Brokers on page 8. If a Copy of the separate compensation agreement(s) provided for in paragraph 23, or paragraph O of the section died Real Estate Brokers on page 8 Is deposited with Escrow Holder by Broker, Escrow Holder shall accept such agreement(s) and pay out from Buyers or Sellers funds, or both, as applicalite, the Brokers compensation prodded for in such agreement(s). The terms and condeions of this Agreement not set Seth In the specified paragraphs are additional matters for the information of Escrow Holder, but about which Escrow Holder need not be concerned. Buyer and Seller will receive Escrow Holder's general provisions directly from Escrow Holder and Ma execute such provisions upon Escrow Holder's request. To the extent the general provisions are Inconsistent or conflict with this Agreement, the general provisions will control as to the duties and obligations of Escrow Holder only. Buyer and Soler wip execute additional instructions, documents and forms provided by Escrow Holder that are reasonably necessary to dose the escrow. B. A Copy of this Agreement shall be delivered to Escrow Holder within 3 business days after Acceptance (or ). Escrow Holder shall provide Sellers Statement of Information to TItle company when received from Seller. Buyer and Seller authorize Escrow Holder to accept and rely on Copies and Signatures as defined in this Agreement as originals, to open escrow and for other purposes of escrow. The validity of this Agreement as between Buyer and Seller Is not affected by whether or when Escrow Holder Signs this Agreement. C. Brokers are a party to the escrow for the sole purpose of compensation pursuant to paragraph 23 and paragraph D of the section titled Real Estate Brokers on page 8. Buyer and Seller Irrevocably assign to Brokers compensation specified in paragraph 23, respectively, and irrevocably Instruct Escrow Holder to disburse those hinds to Brokers at Close Of Escrow or pursuant to any other mutually executed cancellation agreement. Compensation instructions can be amended or revoked only with the written consent of Brokers. Buyer and Seller shall release and hoed harmless Escrow Holder from any liability resulting from Escrow Holder's payment to Broker(s) of compensation pursuant to this Agreement Escrow Holder shall Immediatety notify Brokers (I) if Buyers initial or any additional deposit Is not made pursuant to this Agreement, or is not good at time of deposit with Escrow Holder, or (1011Buyer and Seller instruct Escrow Holder to cancel escrow. D. A Copy of any amendment that affects any paragraph of this Agreement for which Escrow Holder Is responsible shall be delivered to Escrow Holder within 2 business days after mutual execution of the amendment. Buyers Initials ( X f t \ )(X II' FtPA-CA REVISED 4113 (PAGE 8 OF 8) Sellers Initials Reviewed by ([75)( Ds Date cr WM *PAWL t400411,1 CALIFORNIA REs1DENTAL PURCHASE AGREEMENT (ACA PAGE 8 OF 8) El Ilito-Nieman EFTA01108362 DocuSign Envelope ID: CF3991B5.DDA8.46E5.BD3A.233EAOCFDS95 15420 -CZ Nita Place Property Address: Pacific Palisades, C.,4 90272 Date: September 22, 2013 25. LIQUIDATED DAMAGES: If Buyer falls to complete this purchase because of Buyers default, Seller shall retain, as liquidated damages, the deposit actually paid. If the Property is a dwelling with no more than four units, one of which Buyer Intends to occupy, then the amount retained shall be no more than 3% of the purchase price. Any excess shall be returned to Buyer. Release of funds will require mutual, Signed release Instructions from both Buyer and Seller, judicial decision or arbitration award. AT TIME OF THE INCREASED DEPOSIT BUYS AND SELLFR sHALL SIGN A sr RATE LIQUIDATED DAMAGES PROVISION FOR ANY INCREASED DEPOSIT (CA.R. F M RID). 6 Buyers Initials Sellers Initials 26. DISPUTE RESOLUTION: A. MEDIATION: Buyer and Seller agree to mediate any dispute or claim arising between them out of this Agreement, or any resulting transaction, before resorting to arbitration or court action. Buyer and Seller also agree to mediate any disputes or claims with Broker(s), who, in writing. agree to such mediation prior to, or within a reasonable time after, the dispute or clalm Is presented to the Broker. Mediation fees, If any, shall be divided equally among the parties involved. If, for any dispute or claim to which this paragraph applies, any party (I) commences an action without first attempting to resolve the metier through mediation, or (ii) before commencement of an action, refuses to mediate after a request has been made, then that party shall not be entitled to recover attomey fees, even If they would otherwise be available to that party In any such action. THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS INITIALED. Exclusions from this mediation agreement are specified in paragraph 26C. B. ARBITRATION OF DISPUTES: Buyer and Seller agree that any dispute or claim in Law or equity arising between them out of this Agreement or any resulting transaction, which is not settled through mediation, shall be decided by neutral, binding arbitration. Buyer and Seller also agree to arbitrate any disputes or claims with Broker(s), who, in writing, agree to such arbitration prior to, or within a reasonable time after, the dispute or claim Is presented to the Broker. The arbitrator shall be a retired Judge or justice, or an attorney with at least 5 years of residential real estate Law experience, unless the parties mutually agree to a different arbitrator. The parties shall have the right to discovery In accordance with Code of Civil Procedure §1283.05. In all other respects, the arbitration shall be conducted In accordance with Title 9 of Part 3 of the Code of Civil Procedure. Judgment upon the award of the arbitrator(s) may be entered into any court having jurisdiction. Enforcement of this agreement to arbitrate shall be governed by the Federal Arbitration Act. Exclusions from this arbitration agreement are specified in paragraph 26C. "NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS V LUNTARY " 'WE HAVE READ AND UNDERSTAND THE FOREGOING AND EE TO SUBMIT WS 'NS ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPU S' PROVI ION TO NEUTRAL AR TION." .if I Buyer's Initials Vk / Seller's Initials C. ADDITIONAL MEDIATION AND ARBITRATION TERMS: (1) EXCLUSIONS: The following matters are excluded from mediation and arbitration: (i) a judicial or non-judiclal foreclosure or other action or proceeding to enforce a deed of trust, mortgage or instalknent land sale contract as defined in Civil Code §2986; (ii) an unlawful detainer action; (iii) the filing or enforcement of a mechanic's lien; and (iv) any matter that is within the jurisdiction of a probate, small claims or bankruptcy court. The filing of a court action to enable the recording of a notice of pending action, for order of attachment, receivership, injunction, or other provisional remedies, shall riot constitute a waiver nor vfofation of the mediation end arbitration provisions. (2) BROKERS: Brokers shall not be obligated nor compelled to mediate or arbitrate unless they agree to do so in writing. Any Broker(s) participating in mediation or arbitration shall not be deemed a party to the Agreement. 27. TERMS AND CONDITIONS OF OFFER: This is an offer to purchase the Property on the above terms and conditions. The liquidated damages paragraph or the arbitration of disputes paragraph is incorporated In this Agreement If initialed by all parties or if incorporated by mutual agreement in a counter offer or addendum. If at least one but not all parties initial, a counter offer is required until agreement is reached. Seller has the right to continue to offer the Property for sale and to accept any other offer at any time prior to notification of Acceptance Buyer has read and acknowledges receipt of a Copy of the offer and agrees to the above confirmation of agency relationships. If this offer is accepted and Buyer subsequently defaults, Buyer may be responsible for payment of Brokers' compensation. This Agreement and any supplement, addendum or modification, including any Copy, may be Signed in two or more counterparts, all of which shall constitute one and the same writing. 28. TIME OF ESSENCE; ENTIRE CONTRACT; CHANGES: Time Is of the essence. All understandings between the parties are incorporated in this Agreement. Its terms ere Intended by the parties as a final, complete end exclusive expression of their Agreement with respect to its subject matter, and may not be contradicted by evidence of any prior agreement or contemporaneous oral agreement. If any provision of this Agreement is held to be ineffective or invalid, the remaining provisions will nevertheless be given full force and effect. Except as otherwise specified, this Agreement shall be Interpreted and disputes shall be resolved in accordance with the laws of the State of California. Neither this Agreement nor any provision in It may be extended. amended. modrWed, altered or changed, except in writing Signed by Buyer end Seller. 4,/41 Buyers Initials (X ICA )(X Sellers Initials ( )( Fsj Reviewed by Date IOW Pt:AC RPA-CA REVISED 4/13 (PAGE 7 OF 8) Vrtillittav CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPACA PAGE 7 OF 8) El Hite-Nicmin EFTA01108363 DocuSign Envelope ID: CF399185.DDA8-46E5.BD3A-233EAOCED585 26-490 El Pito Place PrOperty Address: Pacific Palisades, CA 90272 Date: September 22, 2013 29. EXPIRATION OF OFFER: This offer shall be deemed revoked and the deposit shall be returned unless the offer is Signed by Seller and a Copy of the Sired offer Is personaly received by Buyer, or by Briar Pecsok , who is authorized to receive it, by 5:00 PM on the third Day alter this offer is signed by Uuyer (or, d checked, m by 0 AM PM. on alSeptember 24, 2013 (dale)). Date 09/22/2013 j,j Date 09/2.2 2023 BUYER X BUYER X Thomas Nissan allied N. ),/Taman (Print nam" *7/0 1 M kitt-YOKC• M fructc Pv.icesot-1 jci1/4 (to21 (Address) 30. ACCEPTANCE OF OFFER: Seller warrants that Seller is the owner of the Property, or has the authority to execute this Agreement. Seller accepts the above offer, agrees to sell the Property on the above terms and condtions, and agrees to the above confirmation of agency relationships. Seller has read and acknowledges receipt of a Copy of this Agreement, and authorizes Broker to Deliver a Signed Copy lo Buyer. CI (II checked) SUBJECT TO ATTACHED COUNTER OFFER (CAR. FOOT( CO) DATED: Date "—mansions by: Date SELLER exumi JOStfikSOli t" SELLER (Print name) /Print name) ,(Address) CONFIRMATION OF ACCEPTANCE: A Copy el Signed Acceptance was personaly received by Buyer or Buyer's authorized agent on (date) at 0 AM 0 PM. A binding Agreement is created when a Copy of Signed Acceptance is personally received by Buyer or Buyers authorized agent whether or not confirmed in this document. Completion of this confimsation Is not legally required in order to create a binding Agreement; it is solely Intended to evidence the date that Confirmation of Acceptance has occurred. REAL ESTATE BROKERS: A. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. B. Agency relationships are confirmed as stated in paragraph 2. C. If specified in paragraph 3A. Agent who submeted the offer for Buyer acknowledges receipt of deposit. D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Selling Fund and Cooperating Broker agrees to accept, out of Listing Broker's proceeds in escrow: (I) the amount specified in the MLS, provided Cooperating Broker Is a Participant of the MLS in which the Property is offered for sale or a reciprocal MLS; or (id 0 (if checked) the amount specified in a separate written agreement (CAR. Form CBC) between Listing Broker and Cooperating Broker. Declaration of License and Tax (CAR. Form DU) may be used to document that tax reporting will be required or that an exemption exists. Real Estate Broker (Selling Firm) partners Trust BRE Lic. ft 0/869203 By Briar Poesy* BRE bra # 01053947 Date Address 11726 San Vicente City Los An• ales State CA 7up 904 Telephone (3201858-5800 Fax -ma cso ors corn Real Estate Broker (Listing Finn) Sotheby's International Realty BRE Lie If By Robert 2.1tfe BRE tic." 01132704 Date Address State ip Telephone Fax E-mail ESCROW HOLDER ACKNOWLEDGMENT: Escrow Holder adcnowledges receipt of a Copy of this Agreement, (If checked, O a deposit In the amount of S counter offer number 0 Seller's Statement of Information end , and agrees to act as escrow Holder subject lo paragraph 24 of this Agreement, any supplemental escrow Instructions and the terms of Escrow Holder's general provisions. Escrow Holder Is advised that the date of Confirmation of Acceptance of the Agreement as between Buyer and Seller is Escrow Holder Escrow if BY Date Address Phone/Fax/E-ma Escrow Holder Is licensed by the California Department 010 Corporations, 0 Insurance, 0 Real Estate. License U PRESENTATION OF OFFER: ( ) listing Broker presented this oiler to Seller on (date) Broker or Desiree RHOS REJECTION OF OFFER: _)t_ ) No counter offer is being made. This offer was rejected by Seller on (date). Soler% Initials 20(3. Carus Aaaaelatcn al REALTORS.. Inc. Urged Stan 00Prirte.... (nee 17 u.S. Code) Wads Via unauthatted clairtuban, dnaby and emmesserim bent 08 any patta meted L, "damn machine or any prior engem lAduclIng taalgaleorampaleAted larnah THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION Cf REALTORS, (CAR.) REFBEZEBTATION IS MADE AS TO THE LEON. VAI.lOcrY OR ACCURACY OF ANY PROVISON IN ANY SPECIFIC TRA/4ACT,Oti A REAL ESTATE BROILER IS THE PERSEN OOALIFED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESK LEGAL OR TAX ADVICE. CONSULT AN APPROPRIATE PROFESSCHAL PubfahadandOiskkutedby REAL ESTATE BUSINESS SERVICES, INC Reviewed by esetrialayotheCAUFCHNHASSOCIARONOFRENTORSO 525 South Virgil Avenue. Los Angeles, California 92O Broker a DMIMOM Dale REVISION DATE 4/13 CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA•CA PAGEIt OF It( EFTA01108364 DocuSign Envelope ID: CF399185-D0A8-46E53D3A-233EA0CID585 4- CALIFORNIA 4111‘ ASSOCIATION BUYER'S INSPECTION ADVISORY OF REALTORS* (CAR. F-onn BIA-A, Revised Mali Property Address: 164.90 SI %Lao Place, Pacific Palisades, CA 90272 ("Property.). A. IMPORTANCE OF PROPERTY INVESTIGATION: The physical condition of the land and improvements being purchased Is not guaranteed by either Seller or Brokers. For this reason, you should conduct thorough investigations of the Property personally and with professionals who should provide written reports of their investigations. A general physical inspection typically does not cover all aspects of the Property nor items affecting the Property that are not physically located on the Property. If the professionals recommend further investigations, including a recommendation by a pest control operator to Inspect inaccessible areas of the Property, you should contact qualified experts to conduct such additional investigations. B. BUYER RIGHTS AND DUTIES: You have an affirmative duty to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of disclosed facts, and the investigation and verification of information and facts that you know or that are within your diligent attention and observation. The purchase agreement gives you the right to investigate the Property. If you exercise this right, and you should, you must do so in accordance with the terms of that agreement This Is the best way for you to protect yourself. It is extremely important for you to read all written reports provided by professionals and to discuss the results of inspections with the professional who conducted the inspection. You have the right to request that Seller make repairs, corrections or take other action based upon items discovered in your investigations or disclosed by Seller. If Seller is unwilling or unable to satisfy your requests, or you do not want to purchase the Property in its disclosed and discovered condition, you have the right to cancel the agreement If you act within specific time periods. If you do not cancel the agreement in a timely and proper manner, you may be in breach of contract C. SELLER RIGHTS AND DUTIES: Seller is required to disclose to you material facts known to hintlher that affect the value or desirability of the Property. However, Seller may not be aware of some Property defects or conditions. Seller does not have an obligation to inspect the Property for your benefit nor is Seller obligated to repair, correct or otherwise cure known defects that are disclosed to you or previously unknown defects that are discovered by you or your inspectors during escrow. The purchase agreement obligates Seller to make the Property available to you for investigations. D. BROKER OBLIGATIONS: Brokers do not have expertise in all areas and therefore cannot advise you on many items, such as soil stability, geologic or environmental conditions, hazardous or illegal controlled substances, structural conditions of the foundation or other improvements, or the condition of the roof, plumbing, heating, air conditioning, electrical, sewer, septic, waste disposal, or other system. The only way to accurately determine the condition of the Property is through an inspection by an appropriate professional selected by you. If Broker gives you referrals to such professionals, Broker does not guarantee their performance. You may select any professional of your choosing. In sales involving residential dwellings with no more than four units, Brokors have a duty to make a diligent visual inspection of the accessible areas of the Property and to disclose the tesutts of that inspection. However, as some Property defects or conditions may not be discoverable from a visual Inspection, it is possible Brokers are not aware of them. If you have entered into a written agreement with a Broker, the specific terms of that agreement will determine the nature and extent of that Brokers duty to you. YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY. IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS, E. YOU ARE ADVISED TO CONDUCT INVESTIGATIONS OF THE ENTIRE PROPERTY, INCLUDING, BUT NOT UMITED TO THE FOLLOWING: 1. GENERAL CONDITION OF THE PROPERTY, ITS SYSTEMS AND COMPONENTS: Foundation, roof, plumbing, heating, sir conditioning, electrical, mechanical, security, pooVspa, other structural and non-structural systems and components, fixtures, built-in appliances, any personal property included in the sale, and energy efficiency of the Property. (Structural engineers are best suited to determine possible design or construction defects, end whether improvements are structurally sound.) 2. SQUARE FOOTAGE, AGE, BOUNDARIES: Square footage, room dimensions, lot size, age of improvements and boundaries. Any numerical statements regarding these items are APPROXIMATIONS ONLY and have not been verified by Seller and cannot be verified by Brokers. Fences, hedges, walls, retaining walls and other natural or constructed barriers or markers do not necessarily identify true Property boundaries. (Professionals such as appraisers, architects, surveyors and civil engineers are best suited to determine square footage, dimensions and boundaries of the Property.) 3. WOOD DESTROYING PESTS: Presence of, or conditions likely to lead to the presence of wood destroying pests and organisms and other infestation or infection. Inspection reports covering these items can be separated into two sections: Section 1 identifies areas where infestation or infection is evident Section 2 Identifies areas where there are conditions likely to lead to infestation or infection. A registered structural pest control company is best suited to perform these inspections. 4. SOIL STABILITY: Existence of fill or compacted soil, expansive or contracting soil, susceptibility to slippage, settling or movement, and the adequacy of drainage. (Geotechnical engineers are best suited to determine such conditions, uses and remedies.) The copyright laws of the tinted Slates (Title 17 U.S. Code) forbid the cr unauthorized reproduction of this form, or any portion thereof, by photocopy Buyers Initials machine or any other means, Including facsimile or computerized formats. Sellers Initials Copyright O 1991-2004, CALIFORNIA ASSOCIATION OF REALTORS®, INC. ALL RIGHTS RESERVED. war WNW OFPSTWI I Y BIA-A REVISED 10/02 (PAGE 1 OF 2) BUYER'S INSPECTION ADVISORY (BIA-A PAGE 1 OF 2) Agent: Briar Pecsok Phone: (310)500-1319 Fax: Prepared using ApFormOsoftware Broker: Partners Trust: Real Estate Brokerage & Acquisitions 11726 San Vicente Blvd Ste 360 Los Angeles, CA 90049 EFTA01108365 DocuSign Envelope ID: CF399185-DOA846ES-BD3A-233EA0CIDSEIS Property Address: 1600 22 Rita Place. Pacific Palisades. CA 9027.2 Date: seetesber 22. 2023 S. ROOF: Present condition, age, leaks, and remaining useful life. (Roofing contractors are best suited to determine these conditions.) 8. POOL/SPA: Cracks, leaks or operational problems. (Pool contractors are best suited to determine these conditions.) 7. WASTE DISPOSAL: Type, size, adequacy, capacity and condition of sewer and septic systems and components, connection to sewer, and applicable fees. 8. WATER AND UTILITES; WELL SYSTEMS AND COMPONENTS: Water and utility availability, use restrictions and costs. Water quality, adequacy, condition, and performance of well systems and components. 9. ENVIRONMENTAL HAZARDS: Potential environmental hazards, including, but not limited to. asbestos, lead-based paint and other lead contamination, radon, methane, other gases, fuel oil or chemical storage tanks, contaminated soil or water, hazardous waste, waste disposal sites, electromagnetic fields, nuclear sources, and other substances, materials, products, or conditions (Including mold (airborne, toxic or otherwise), fungus or similar contaminants). (For more information on these items, you may consult an appropriate professional or read the booklets 'Environmental Hazards: A Guide for Homeowners, Buyers, Landlords and Tenants,' *Protect Your Family From Lead in Your Horne or both) 10. EARTHQUAKES AND FLOODING: Susceptibility of the Property to earthquake/seismic hazards and propensity of the Property to flood. (A Geologist or Geotechnical Engineer is best suited to provide information on these conditions.) 11. FIRE, HAZARD AND OTHER INSURANCE: The availability and cost of necessary or desired insurance may vary. The location of the Property in a seismic, flood or fire hazard zone, and other conditions, such as the age of the Property and the claims history of the Property end Buyer. may affect the availability and need for certain types of insurance. Buyer should explore insurance options early as this Information may affect other decisions, including the removal of loan and inspection contingencies. (An insurance agent is best suited to provide information on these conditions.) 12.BUILDING PERMITS, ZONING AND GOVERNMENTAL REQUIREMENTS: Permits, inspections, certificates, zoning, other governmental limitations, restrictions, and requirements affecting the current or Mute use of the Property, its development or size. (Such information Is available from appropriate governmental agencies and private information providers. Brokers are not qualified to review or interpret any such infomation.) 13. RENTAL PROPERTY RESTRICTIONS: Some cities and counties Impose restrictions that limit the amount of rent that can be charged, the maximum number of occupants; and the right of a landlord to terminate a tenancy. Deadbolt or other locks and security systems for doors and windows, including window bars, should be examined to determine whether they satisfy legal requirements. (Government agencies can provide information about these restrictions and other requirements.) 14. SECURITY AND SAFETY: State and local Law may require the installation of barriers, access alarms, self-latching mechanisms and/or other measures to decrease the risk to children and other persons of existing swimming pools and hot tubs, as well as various fire safety and other measures concerning other features of the Property. Compliance requirements differ from city to city and county to county. Unless specifically agreed, the Property may not be in compliance with these requirements. (Local government agencies can provide information about these restrictions and other requirements.) 15. NEIGHBORHOOD, AREA, SUBDIVISION CONDITIONS; PERSONAL FACTORS: Neighborhood or area conditions, including schools, proximity and adequacy of law enforcement, crime statistics, the proximity of registered felons or offenders, fire protection, other government services, availability, adequacy and cost of any speed-wired, wireless intemet connections or other telecommunications or other technology services and installations, proximity to commercial, industrial or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport noise, noise or odor from any source, wild and domestic animals, other nuisances, hazards, or circumstances, protected species, wetland properties, botanical diseases, historic or other governmentatty protected sites or improvements, cemeteries, facilities end condition of common areas of common interest subdivisions, and possible lack of compliance with any governing documents or Homeowners' Association requirements, conditions and influences of significance to certain cultures and/or religions, and personal needs, requirements and preferences of Buyer. Buyer and Setter acknovAedge and agree that Broker: (i) Does not decide what price Buyer should pay or Seller should accept (Iii Does not guarantee the condition of the Property; (iii) Does not guarantee the performance, adequacy or completeness of inspections, services, products or repairs provided or made by Seller or others; (Iv) Does not have an obligation to conducj an Inspection of common areas or areas off the site of the Property, (v) Shall not be responsible for identifying defects on the Property, In common areas, or offsite unless such defects are visually observable by an inspection of reasonably accessible areas or the Property or are known to Broker; (vi) Shall not be responsible for Inspecting public records or permits concerning the title or use of Property; Ortil Shall not be Noponcibba for identifying the location of boundary lines or other Items affecting title; NIP) Shall not be responsible for verifying square footage, representations of others or Information contained in Investigation reports, Multiple Listing Service, advertisements, flyers or other promotional material; (lx) Shall not be responsible for providing legal or tax advice regarding any aspect of a transaction entered into by Buyer or Seller, and (x) Shall not be responsible for providing other advice or information that exceeds the knowledge. education and experience required to perform real estate licensed activity. Buyer and Seller agree to seek legal, tax, insurance, title and other desired ass ante from appropriate proterssionais. By signing blow, Buyer and Seller each acknowledge that they have ad, understand, accept and have received a Copy o this Advlso Bi.iyer is encouraged to read it carefully. 1'5 X Buyer Signature neenseastiemee saereaLLL_ X Buyer Signature Rosalind At Nieman Date SeZ fr tlStit.SetA, I, ' Date Seliet Signature Date BarzyreAon THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS. (CA.R.) NO REPRESENTATION IS MADE AS TO THE LEGAL VAUDITY OR ADEQUACY Cf ANY PROVISION Vi ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TM ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. Thla form Is available for use by the entire real estate intisstry. II is not intended to W..04 IM use' as a REALTORO. REALTOR& is a registered collective membership mark oiled' may be used only by members of the NATIONAL ASSOCIATION OF REALTORS. who subscribe to Its Code of Ethics. IIII PubishadrdEllahouted by REAL ESTATE BUSINESS SERVICES. INC. • saYsilryohltirCattni•Arseaiesi ofitErti20.950 , 525Seull Vial Mona, Los Amon Callarris90310 Reviewed by Dale CI WICitiAlt• BIA•A REVISED 10/02 (PAGE 2 OF 2) El Hilo-Nieman BUYER'S INSPECTION ADVISORY (BIA-A PAGE 2 OF 2) EFTA01108366 DocuSign Envelope ID: CF399185-DDA8.46E5.BD3A-233EAOCFDSSS CALIFORN FA WOOD DESTROYING PEST INSPECTION AND a ASSOCIATION ALLOCATION OF COST ADDENDUM • (CA.R. Form WPA, Revised 11/12) * OF REALTORS * This is an addendum to the El California Residential Purchase Agreement or 0 Other ("Agreement"), dated September 22, 2013 , on property known as 16490 El Hi to Place, Pacific Palisades, CA 90272 ("Property"), between Thomas Mamas, Rosalind M. Nieman ("Buyer"), and 'tarry Josephson ("Seller). 1. Unless otherwise specified, the Agreement permits the Buyer to inspect the property and investigate Its condition. One of the inspections the Buyer may obtain is for wood destroying pests and organisms `Wood Pest Report'. Whether obtained and paid for by Buyer or Seller, Buyers review and approval of a Wood Pest Report would generally be covered by the inspection contingency of the Agreement. Before Buyer removes or waives the inspection contingency, or other contingency specifically related to a Wood Pest Report, Buyer may cancel the Agreement if dissatisfied with the condition described in the Wood Pest Report, even if this Wood Pest Addendum Is not made part of the Agreement. 2, A. The Wood Pest Report shall be paid for and prepared as specified in the Agreement, or if checked, 0 Buyer 0 Seller shall pay for a Wood Pest Report prepared by any mntually agreed moan company , a registered Structural Pest Control company. B. The Wood Pest Report shall cover the main building and attached structures and, if checked: ❑ detached garages and carports, m detached decks, ['the following other structures on the Property: . The Wood Pest Report shah not include root coverings. If the Property is a unit in a condominium or other common interest subdivision, the Wood Pest Report shall include only the separate interest and any exclusive-use areas being transferred, and shall not include common areas. Water tests of shower pans on upper level units may not be performed unless the owners of property below the shower consent. C. The Wood Pest Report shall be separated into sections for evident infestation or infection (Section 1) and for conditions likely to lead to infestation or infection (Section 2). (1) (Section 1)0 Buyer 8) Seller shall pay for work recommended to correct "Section 1' conditions described in the Wood Pest Report and the cost of inspection, entry and closing of those Inaccessible areas where active infestation or infection is discovered. (2) (Section 2) al Buyer El Seller shall pay for work recommended to correct "Section 2" conditions described in the Wood Pest Report if requested by Buyer. D. If the Wood Pest Report identifies inaccessible areas, and Buyer requests inspection of those Inaccessible areas, the person identified in C1 shall pay for the cost of entry, inspection and closing of only those inaccessible areas where Section 1 conditions are discovered and Buyer shall pay for the cost of entry, inspection and closing of all other inaccessible areas. E. Seller shall Deliver to Buyer, prior to Close Of Escrow, with a written pest control codification ("Certification") showing that no infestation or infection is found or that required corrective work is completed. If paragraph 2A does not refer to a specific registered Structural Pest Control company and Seller obtains more than one Wood Pest Report pursuant to this Addendum, Seller may choose which Wood Pest Report to use as the basis of the Certification provided that Seller Delivers to Buyer all Wood Pest Reports obtained by Seller before Buyer removes any contingency for Wood Pest inspection. By signing below, the undersigned acknowledge that each has read, understands and has received a copy of this Addendum. Date September 2, 2013 Date sr. 2013 tot r 42, Buyer X Seller tank id S0IA. Thnm4$ Arse n err dry on Buyer X Seller Rosalind M. Nieman The eopyrigN laws el the United Notes (Title 57 U.S. Cede) forth] the untuthenzed cepteduchosi of Ms NOT% 01sre portion thered. by cheiceopf rattans or any other moans. including faairrile or cOmpulertted tonnals. CopyrIgH 02012. CAUFORNIA ASSOCIATION OF REN.TORS., INC. ALL RIGHTS RESERVED. THIS FORM HAS BEEN APPROVED BY THE CAUFORNIA ASSOCIATION OF REALTORS. (C A.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE. CONSULT AN APPROPRIATE PROFESSIONAL. This loon is available for use by the entire real Meta incluerry. II is not intended In Moray the user as a REALTOR.. REALTOR. is a ragistorcd collective membership mart which may be used only by membem of the NATIONAL ASSOCIATION OF REALTORS. who subscribe lo Its Code of Ethics. In ROWS Ind OistiMed by , REAL ESTATE BUSINESS somas, NC , easkickryollheCaterseAstooatoirdRINICRSS Reviewed by Date c , 525 Solt Vegl Amos. Los Atraelss. Cations 90020 WPA REVISED 11/12 (PAGE 1 OF 1) WOOD DESTROYING PEST INSPECTION AND ALLOCATION OF COST ADDENDUM (WPA PAGE 1 OF 1) Agent: Briar PeCs0K Phone: (310)600-1319 Fax: Prepared using xlpFormE software Broken Partners Trust: Real Estate Brokerage S Acquisitions 11726 San Vicente Blvd Ste 3501os Angeles. CA 90049 EFTA01108367