Agreement of Purchase and Sale
Transcription
Agreement of Purchase and Sale
AGREEMENT OF PURCHASE AND SALE TM The undersigned Purchaser hereby agrees to and with the undersigned Vendor to purchase "the Property" described below on the following terms: Sample Agreement Purchaser: DOB 01-Jan-1980 Vendor: Farthingale Home Corp. c.o.b. Greenpark Homes Real Estate Broker: Homelife Metropark Realty Inc. Lot No: Site Staff: 79 Plan No: Street: Temple Avenue in the Town of East Gwillimbury Model Type: Newberry 1 Elev 1 Model Description: TWO STOREY DETACHED Purchase Price: XX / 100 Dollars E L P T M N E A S EM E R G A $xxx,xxx.00 Deposit: 2-Jun-2015 TWENTY THOUSAND AND XX / 100 Dollars Further Deposit Due: 2-Aug-2015 TWENTY THOUSAND AND XX / 100 Dollars Further Deposit Due: 2-Sep-2015 TWENTY THOUSAND AND XX / 100 Dollars Balance Due on Closing (subject to adjustment) : Per Sched X $20,000.00 $20,000.00 $20,000.00 $xxx,xxx.00 XX / 100 Dollars The following Schedules are appended hereto and form part hereof: ”AGENCY DISCLOSURE” ”ASF-NC” ”EC” ”GP” ”HOMEOWNER INFORMATION PACKAGE” ”TARION ADDENDUM Pages 1-11” ”SCH X” ”KEY PLAN” Date of Offer: the day of June 2015. Irrevocable Date: First Tentative Closing Date: the day of June 2015. Thursday the 27th day of October 2016. (subject to Tarion Addendum) Purchaser’s Address: 123 MAIN STREET TORONTO ONTARIO M1M 1M1 Telephone: Res.:(416) 123-4567 Ext. email@sample.com SIGNED, SEALED AND DELIVERED in the Presence of SEAL Witness Purchaser: Sample Agreement tor: r 0 . - - The undersigned hereby accepts the Offer and its terms and covenants, promises and agrees to and with the above named Purchaser duly to carry out the same on the terms and conditions above-mentioned and hereby accepts the said deposit. ACCEPTED this____________________day of June 2015. Vendor's Solicitors: GOLDMAN, SPRING, KICHLER, SANDERS, LLP 40 SHEPPARD AVENUE WEST, SUITE 700 Toronto, Ontario M2N 6K9 Tel. (416)225-9400 Farthingale Home Corp. c.o.b. Greenpark Homes Per: .............................................................. Authorized Signing Officer "Greenpark" is a registered trade mark of Greenpark Holdings Inc. and the Vendor is a licensed user thereof. Lot No.:79 metsql_001.rpt 02MAY14 Plan No.:Per Sched X Vendor: Farthingale Home Corp. Agency Disclosure HOMELIFE METROPARK REALTY INC. PURCHASER’S AGENCY DISCLOSURE ACKNOWLEDGEMENT The Purchaser(s) herein acknowledge HOMELIFE METROPARK REALTY INC. has an agency relationship with the Vendor:Farthingale Home Corp. and will be compensated through the Vendor. This compensation is usually called commission and usually takes the form of a fee of payment from the Vendor of the real property upon successful completion of the real estate transaction. An agency relationship is created where one person , known as the principal asks another person, known as the agent, to act for and on behalf of the principal. The principal will define the nature and extent of the agency relationship, in other words, what the agent is being asked to do. In real estate transactions, agency relationships are created when vendors or purchasers ask Realtors to act on their behalf in real estate transactions. E L P T M N E A S EM E R G A An agent who represents a principal (vendor) owes that principal (vendor) the highest duty of "utmost faith", the agent must represent the principals (vendors) best interests at all times. The agent owes his principal (vendor) a duty of confidentiality regarding information about the principal (vendor). However, the purchaser can expect the Realtor to disclose all pertinent information about the property, not to misrepresent any facts, and to honestly answer all questions about the property. This has been a usual form of relationship for many years in the real estate industry. I hereby warrant that I am not a party to a buyer agency agreement with any other registered real estate broker for the purchase or lease of a real property, save and except if I disclosed the name of a referring or co-operating agent at the time of entering into the Agreement of Purchase and Sale. As Purchaser, I/we confirm and acknowledge being advised that, and consent to the fact that HOMELIFE METROPARK REALTY INC. acts as agent only for the Vendor and it will be compensated only by the Vendor. DATED at Aurora, Ontario Tuesday the 2nd day of June 2015 Purchaser - Sample Agreement Lot No.:79 metSQL_003.rpt 03jul14 Plan No.:Per Sched X Vendor: Farthingale Home Corp. SCHEDULE "ASF-NC" PURCHASERS' ACKNOWLEDGEMENT OF SELECTION AND FINISHES The Purchaser acknowledges being advised of and reading the provision below: 1 CHANGES TO PLANS: Changes to plans will not be permitted. Verbal representations of the Sales Agent do not form part of this Agreement. 2 COLOUR CHART SELECTIONS: The Vendor gives Purchasers the ability to select colours and finishes for their home. The Purchasers acknowledge being informed that those selections must be made in a timely fashion in order for the Vendor to accommodate those requests. The Purchasers understand that they MUST attend at the Décor Centre when requested and that it may be necessary for them to re-attend on one or more occasions. If the Purchasers delay in making their selections, there is the possibility that the items selected may not be able to be installed if the processing of the permit application or the stage of construction of the home has progressed to a point where such installation is no longer feasible. E L P T M N E A S EM E R G A It is the obligation of the Purchaser to contact the Décor Centre to make any inquires concerning the above matters. DATED at East Gwillimbury, Ontario Tuesday this 2nd day of June 2015 Purchaser - Sample Agreement Lot No.:79 metSQL_014.rpt 10apr12 Plan No.:Per Sched X Vendor: Farthingale Home Corp. Schedule "EC" Vendor : Farthingale Home Corp. c.o.b. Greenpark Homes Purchaser: Sample Agreement Property: Lot/Unit: 79 Municipal Address: Crane Street The federal government has enacted legislation that requires we obtain your consent to send you electronic communications, which may include correspondence, requests, announcements, updates or other information that may be of interest to you. E L P T M N E A S EM E R G A By signing below you agree to receive electronic communications from the Vendor, as well as from our affiliated corporations and/or related entities. In addition, the undersigned Purchaser consents to receiving electronic commercial messages from the Vendor’s trades, businesses, bodies or agencies which shall include but not be limited to (i) financial institutions or private lenders; (ii) insurance companies; (iii) any of the Vendor’s trades or suppliers or any sub-trades and sub-suppliers; and (iv) providers of telephone, television, telecommunication, security and utility services. You can withdraw your consent to receiving electronic communications at any time by contacting communications@greenparkhomes.com. DATED at East Gwillimbury, Ontario Tuesday the 2nd day of June 2015 Purchaser: Sample Agreement Lot No.:79 metSQL_021.rpt 18jun14 Plan No.:Per Sched X Vendor: Farthingale Home Corp. SCHEDULE “GP”– FARTHINGALE HOME CORP. Townhouses SUBJECT TO THE PROVISIONS CONTAINED IN SCHEDULE “X” TO THIS AGREEMENT REGARDING COLOUR SELECTIONS AND CONSTRUCTION SPECIFICATIONS, THE FOLLOWING ARE STANDARD FEATURES FOR THE DWELLING TYPE BEING PURCHASED: EXTERIOR CONSTRUCTION All outside colours and materials are architecturally controlled and pre-selected by the Vendor. Exterior features may include clay brick, stone, quoining, soldier coursing, arches, keystones, and other complementary details and materials, as per the construction plans. Certain lots including corner lots may have special exterior treatments different than those depicted on any brochures and/or at the sales office, in accordance with architectural control provisions and Purchaser accepts same. Poured concrete lower level. Front concrete porch, as per construction plans and subject to grading requirements. Garage walls to be drywalled, taped and primed. Block wall to be primed only. Front and backyard sodded except for any driveways, walkways, patios and decks. Paved driveway. Vendor will provide base coat as well as second coat on driveway apron, the cost of which is included in the Purchase Price. The Purchaser shall pay $250.00 plus all applicable taxes as an adjustment on closing and is non-refundable for the second coat of asphalt on the lot portion of the driveway. The Vendor will not be responsible for repairing any tire marks after the second coat. Purchaser acknowledges and agrees that the second coat may not be completed for up to, but no later than, thirty (30) months after the Closing Date. Concrete precast slabs walkways at front, side door, and at rear patio as determined by the Vendor having a regard to site conditions. Vinyl fixed and casement windows on front elevation as per the construction plan. Vinyl sliders in rear sides and lower level. All operable windows to be screened. All windows and outside door frames caulked. Insulated metal front door. Pre-finished aluminum soffit, fascia, eavestrough and downpipes. Based on site conditions, storm sewers may be drained via sump pump as per municipal requirements. E L P T M N E A S EM ES E S R U G O A H INTERIOR Inside doors and trim painted one colour to be chosen from Vendor’s standard paint colours. Oak stairs, railing, stringers, risers, treads and pickets, with a natural finish from main to upper level. Stair landing to be laminate. If you must access the staircase to the lower level through a doorway such stairs and handrail will be unfinished spruce painted in a colour selected by the Vendor. All main level archways to be trimmed save and except curved archways. Standard 9’ main level ceiling heights in Townhouses except where construction plans indicate otherwise. Stipple ceiling throughout save and except the kitchen and bathrooms which will have smooth ceilings. FLOORING Tiled areas on main level, except bathroom, shall have 12”x12” ceramic tiles. 8”x10” ceramic tiles in all bathrooms. Any portion of the main level that is not tiled shall be 8mm coloured laminate and upper level that is not tiled shall be 40oz broadloom. KITCHEN Standard kitchen cabinets - from Vendor’s samples. Double stainless steel sink with single lever faucet. Laminate counter tops in kitchen. Hood fan in kitchen vented to outside. N W BATHROOMS Laminate counter tops for all bathroom vanities. Ceramic tile on bathtub enclosures including ceiling. If bathroom includes a corner tub, the corner tub shall have two rows of ceramic tile above the deck. Exhaust fans in all bathrooms, vented to outside. Plate mirrors in all bathrooms. White bathroom fixtures. Shower door and shower stall light for all shower stalls (where shower is separate from bathtub only). Shut off valves for all sinks. O T ELECTRICAL AND HEATING 100 amp circuit breaker panel to utility authority standards. Electrical copper wiring. Purchaser to pay as an adjustment on closing a fee in the amount of $450.00 plus all applicable taxes for hydro meter installation and connection fee. Heavy duty wiring and receptacle for stove and dryer. High efficiency gas furnace. Pre-wired for telephone in kitchen and all bedrooms. Door chime. Vendor’s standard light fixtures. Duct cleaning, heat runs only. One exterior electrical outlet located at rear and one located in the garage. One exterior water tap located at front of house and one water tap located at back of house. Vendor’s standard electrical smoke/carbon monoxide detector according to the Ontario Building Code. ROUGH-IN Rough-in cable TV in all bedrooms and the living room or family room on the main level at the Vendor’s sole discretion. Rough-in provisions for future central air-conditioning. Rough-in central vacuum system. Rough-in dishwasher. Note 1: Purchaser acknowledges being advised that if the house contains hardwood flooring may shrink and expand as a result of changes in temperature and humidity in the house and accepts this as a natural characteristic of the flooring, and is advised to keep humidity level constant to reduce this tendency. Note 2: The Purchaser acknowledges that the hot water tank and Home Stat Programmable will be installed on a lease or lease to own basis by a supplier designated by the Vendor, and the Purchaser agrees to execute a contract for the same forthwith upon request. Note 3: All finishes herein are selected by the Vendor from its standard samples. In the event of multiple standard samples for any item herein, the Vendor’s determination of same is final. Initials May 2015 Initials FARTHINGALE HOME CORP. - SCHEDULE “GP” - SINGLES SUBJECT TO THE PROVISIONS CONTAINED IN SCHEDULE “X” TO THIS AGREEMENT REGARDING COLOUR SELECTIONS AND CONSTRUCTION SPECIFICATIONS, THE FOLLOWING ARE STANDARD FEATURES FOR THE DWELLING TYPE BEING PURCHASED: EXTERIOR CONSTRUCTION All outside colours and materials are architecturally controlled and pre-selected by the Vendor. Exterior features may include clay brick, stone, quoining, soldier coursing, arches, keystones, and other complementary details and materials, as per the construction plans. Certain lots including corner lots may have special exterior treatments different than those depicted on any brochures and/or at the sales office, in accordance with architectural control provisions and Purchaser accepts same. Poured concrete lower level. Lower level is unfinished except as may be shown on construction plans. Front concrete porch, as per construction plans and subject to grading requirements. Garage walls to be drywalled, taped and primed. Front and backyard sodded except for any driveways, walkways, patios and decks. Paved driveway. Vendor will provide base coat as well as second coat on driveway apron, the cost of which is included in the Purchase Price. The Purchaser shall pay $650.00 plus all applicable taxes as an adjustment on closing and is non-refundable for the second coat of asphalt on the lot portion of the driveway. The Vendor will not be responsible for repairing any tire marks after the second coat. Purchaser acknowledges and agrees that the second coat may not be completed for up to, but no later than, thirty (30) months after the Closing Date. Concrete precast slabs walkways at front, side door, and at rear patio as determined by the Vendor having a regard to site conditions. Vinyl fixed and casement windows throughout main and upper level as per the construction plan. Vinyl sliders in lower level. All operable windows to be screened. All windows and outside door frames caulked. Insulated metal front and if required by the construction plans a metal insulated side door. Pre-finished aluminum soffit, fascia, eavestrough and downpipes. E L P T M N E A S EM E S R E G L A G INTERIOR Inside doors and trim painted one colour to be chosen from Vendor’s standard paint colours. Oak stairs, railing, stringers, risers, treads and pickets, with a natural finish from main to upper level. Landings to be 2¼”x¾” strip flooring-natural finish. If you must access the staircase to the lower level through a doorway such stairs and handrail will be unfinished spruce painted in a colour selected by the Vendor. All main level archways to be trimmed save and except curved archways. Standard 9 foot main level ceiling height except where construction plans indicate otherwise. Gas fireplace and mantel as per plans. Stipple ceiling throughout save and except the kitchen and bathrooms which will have smooth ceilings. Choice of two paint colours for interior walls to be chosen from the Vendor’s standard samples. FLOORING Tiled areas on main level, including powder room shall have 12”x12” ceramic tiles. 8”x16” ceramic tiles in all bathrooms on upper level. Any portion of the main level that is not tiled shall be 2¼”x¾” strip flooring natural oak colour finish, 8mm natural or coloured laminate on upper level except for any bathrooms. KITCHEN Standard kitchen cabinets with 41” uppers from Vendor’s samples. Double stainless steel sink with single lever faucet. Laminate counter tops in kitchen. Hood fan in kitchen vented to outside. N I BATHROOMS Laminate counter tops for all bathroom vanities. Ceramic tile on bathtub enclosures including ceiling. If bathroom includes a corner tub, the corner tub shall have two rows of ceramic tile above the deck. Exhaust fans in all bathrooms, vented to outside. Plate mirrors in all bathrooms. White bathroom fixtures. Shower door and shower stall light for all shower stalls (where shower is separate from bathtub only). Single lever faucets in all bathrooms. Shut off valves for all sinks. S ELECTRICAL AND HEATING 100 amp circuit breaker panel to utility authority standards. Electrical copper wiring. Purchaser to pay as an adjustment on closing a fee in the amount of $450.00 plus all applicable taxes for hydro meter installation and connection fee Heavy duty wiring and receptacle for stove and dryer. High efficiency gas furnace. Pre-wired for telephone in kitchen and all bedrooms. Door chime. Vendor’s standard light fixtures. Duct Cleaning, heat runs only. One exterior electrical outlet located at rear and one located at the front of the house. One exterior water tap at rear of house and one water tap located in the garage. Vendor’s standard electrical smoke/carbon monoxide detectors according to the Ontario Building Code. One outlet per garage door in the garage ceiling. ROUGH-IN 3 piece rough-in lower level bathroom. Rough-in cable TV in all bedrooms and the living room or family room on the main level at the Vendor’s sole discretion. Rough-in provisions for future central air-conditioning. Rough-in central vacuum system. Rough-in Smart Home Structured Cabling. Rough-in for dishwasher. Note 1: Purchaser acknowledges being advised that if the house contains hardwood flooring may shrink and expand as a result of changes in temperature and humidity in the house and accepts this as a natural characteristic of the flooring, and is advised to keep humidity level constant to reduce this tendency. Note 2: The Purchaser acknowledges that the hot water tank and Home Stat Programmable will be installed on a lease or lease to own basis by a supplier designated by the Vendor, and the Purchaser agrees to execute a contract for the same forthwith upon request. Note 3: All finishes herein are selected by the Vendor from its standard samples. In the event of multiple standard samples for any item herein, the Vendor’s determination of same is final. Initials MAY 2015 Initials Confirmation of Receipt of the Homeowner Information Package THIS SECTION TO BE COMPLETED BY THE VENDOR/BUILDER Send this form to the Tarion Customer Centre located at 5150 Yonge Street, Concourse Level, Toronto, Ontario M2N 6L8 or by fax to 1-877-664-9710. Please keep a copy for your records. Please rint all information. 44529 Regional Municipality of York Vendor/Builder # Enrolment # Condominium Project Name (if applicable) Municipality Level Unit E L P T M N E A S EM E R G A Subdivision Name (if applicable) 79 Per Sched X Lot Plan Contact Information: Farthingale Home Corp. Vendor/Builder Name Representative's Name (416) 798-7700 Vendor/Builder Contact Phone Number Representative's Signature THIS SECTION TO BE COMPLETED BY THE PURCHASER(S) All persons who are shown as purchasers on the Agreement of Purchase and Sale, or as owners of land in a construction contract, should complete and sign this section of the form (or ensure your designate* completes and signs it), and then return the form to your Vendor/Builder, or their representative, when you receive a Homeowner Information Package. Please print all information. Yes, my builder has provided me with a Homeowner Information Package. Sample Agreement Purchaser's name(please print) Purchaser's signature Designate's* name(please print) Designate's* signature 2015/06/02 Date (YYYY/MM/DD) * If you are signing this form on behalf of the purchaser(s), please ensure that the purchaser(s) has provided written authority to you permitting you to receive the Homowner Information Package and sign this form on their behalf. Please note that the information provided on this form may be disclosed to Tarion's consultants who may contact you fot the purpose of assessing your satisfaction levels with our services and the after-sales service of your Builder. Please check this box if you do not wish us to disclose such information TARN-HIPA-01.02 Lot No.:79 metSQL_062.rpt 16feb10 Plan No.:Per Sched X Vendor: Farthingale Home Corp. Property Lot: 79 Phase: 1 Municipal Address: (If Applicable) Crane Street Statement Of Critical Dates Delayed Closing Warranty This Statement of Critical Dates forms part of the Addendum to which it is attached, which in turn forms part of the agreement of purchase and sale between the Vendor and the Purchaser relating to the Property. The Vendor must complete all blanks set out below. Both the Vendor and Purchaser must sign this page. NOTE TO HOME BUYERS: Please visit Tarion’s website: www.tarion.com for important information about all of Tarion’s warranties including the Delayed Closing Warranty, the Pre-Delivery Inspection and other matters of interest to new home buyers. You can also obtain a copy of the Homeowner Information Package which is strongly recommended as essential reading for all home buyers. The website features a calculator which will assist you in confirming the various Critical Dates related to the Closing of your purchase. E L P T M N E A S EM E R G A VENDOR Farthingale Home Corp. PURCHASER SAMPLE AGREEMENT 1. Critical Dates The First Tentative Closing Date, which is the date that the Vendor anticipates the home will be completed and ready to move in, is: the 27th day of October, 2016. A Second Tentative Closing Date can subsequently be set by the Vendor by giving proper written notice at least 90 days before the First Tentative Closing Date. The Second Tentative Closing Date can be up to 120 days after the First Tentative Closing Date, and so could be as late as: the 24th day of February, 2017.* The Vendor must set a Firm Closing Date by giving proper written notice at least 90 days before the Second Tentative Closing Date. The Firm Closing Date can be up to 120 days after the Second Tentative Closing Date, and so could be as late as: the 26th day of June, 2017.* If the Vendor cannot close by the Firm Closing Date, then the Purchaser is entitled to delayed closing compensation (see section 7 of the Addendum) and the Vendor must set a Delayed Closing Date. The Vendor can set a Delayed Closing Date that is up to 365 days after the earlier of the Second Tentative Closing Date and the Firm Closing Date: This Outside Closing Date could be as late as: the 26th day of February, 2018.* 2. Notice Period for a Closing Delay Changing a Closing date requires proper written notice. The Vendor, without the Purchaser’s consent, may delay Closing twice by up to 120 days each time by setting a Second Tentative Closing Date and then a Firm Closing Date in accordance with section 1 of the Addendum but no later than the Outside Closing Date. Notice of a delay beyond the First Tentative Closing Date must be given no later than: (i.e., at least 90 days before the First Tentative Closing Date), or else the First Tentative Closing Date automatically becomes the Firm Closing Date. Notice of a second delay in Closing must be given no later than: (i.e., at least 90 days before the Second Tentative Closing Date), or else the Second Tentative Closing Date becomes the Firm Closing Date. the 29th day of July, 2016. the 25th day of November, 2016. 3. Purchaser’s Termination Period If the purchase of the home is not completed by the Outside Closing Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: the 28th day of March, 2018.* If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation and to a full refund of all monies paid plus interest (see sections 7, 10 and 11 of the Addendum). Note: Any time a Critical Date is set or changed as permitted in the Addendum, other Critical Dates may change as well. At any given time the parties must refer to: the most recent revised Statement of Critical Dates; or agreement or written notice that sets a Critical Date, and calculate revised Critical Dates using the formulas contained in the Addendum. Critical Dates can also change if there are unavoidable delays (see section 5 of the Addendum). Acknowledged this 2nd day of June, 2015. PURCHASER : VENDOR : Freehold Tentative - 2012 1 of 11 Addendum to Agreement of Purchase and Sale Delayed Closing Warranty This addendum, including the accompanying Statement of Critical Dates (the “Addendum”), forms part of the agreement of purchase and sale (the “Purchase Agreement”) between the Vendor and the Purchaser relating to the Property. This Addendum is to be used for a transaction where the home purchase is in substance a purchase of freehold land and residential dwelling. This Addendum contains important provisions that are part of the delayed closing warranty provided by the Vendor in accordance with the Ontario New Home Warranties Plan Act (the “ONHWP Act”). If there are any differences between the provisions in the Addendum and the Purchase Agreement, then the Addendum provisions shall prevail. PRIOR TO SIGNING THE PURCHASE AGREEMENT OR ANY AMENDMENT TO IT, THE PURCHASER SHOULD SEEK ADVICE FROM A LAWYER WITH RESPECT TO THE PURCHASE AGREEMENT OR AMENDING AGREEMENT, THE ADDENDUM AND THE DELAYED CLOSING WARRANTY. Tarion recommends that Purchasers register on Tarion’s MyHome on-line portal and visit Tarion’s website - tarion.com, to better understand their rights and obligations under the statutory warranties. E L P T M N E A S EM E R G A The Vendor shall complete all blanks set out below. VENDOR Farthingale Home Corp. Full Name(s) 44529 8700 DUFFERIN STREET Tarion Registration Number Address (416) 661-5329 CONCORD ONTARIO L4K 4S6 Phone City Province Postal (905) 669-0444 communications@greenparkhomes.com Fax Email* PURCHASER SAMPLE AGREEMENT Full Name(s) 123 MAIN STREET Address (416) 123-4567 TORONTO ONTARIO M1M 1M1 Phone City Province Postal email@sample.com Fax Email* PROPERTY DESCRIPTION Temple Avenue Municipal Address Ontario East Gwillimbury City Lot: 79 Plan: Per Sched X Province Postal Code Region: Regional Municipality of York Short Legal Description Number of Homes in the Freehold Project _______________ (if applicable - see Schedule A) INFORMATION REGARDING THE PROPERTY The Vendor confirms that: Yes No If yes, the plan of subdivision is registered. Yes No If the plan of subdivision is not registered, approval of the draft plan of subdivision has been given. Yes No Yes No Yes No (a) The Property is within a plan of subdivision or a proposed plan of subdivision. (b) The Vendor has received confirmation from the relevant government authorities that there is sufficient: (i) water capacity, and (ii) sewage capacity to service the Property. If yes, the nature of the confirmation is as follows: By Subdivision Agreement If the availability of water and sewage capacity is uncertain, the issues to be resolved are as follows: (c) A building permit has been issued with respect to the Property. (d) Commencement of Construction: has occurred;or is expected to occur by February 1, 2016 The Vendor shall give written notice to the Purchaser within 10 days after the actual date of Commencement of Construction. *Note: Since important notices will be sent to this address, it is essential that you ensure that a reliable email address is provided and that your computer settings permit receipt of notices from the other party. Freehold Tentative - 2012 2 of 11 E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A E L P T M N E A S EM E R G A SCHEDULE “KEY PLAN” FARTHINGALE HOME CORP. E L P T M N E A S EM E R G A June 2, 2015 Initials Initials