REAL ESTATE PURCHASE CONTRACT

WHEN COMPLETED AND SIGNED BY BOTH PARTIES, THIS IS A LEGALLY BINDING CONTRACT. IF THIS
CONTRACT NOT FULLY UNDERSTOOD, THE SERVICES OF A COMPETENT PROFESSIONAL SHOULD BE
SOUGHT.

Seller, ______________________________, hereby agrees to sell to Buyer, DANIEL ALVARADO LLC, or Buyer’s
nominee, the real property set forth below and all improvements thereon (herein referred to as the Property), and
Buyer agrees to purchase said Property
from the Seller on the terms and conditions set forth in this contract.

DESCRIPTION: The Property is located in Tehama County, (city/state) republic of California at Corning and is
commonly known as (address) 6950 Bob Cat Lane, has approximate lot dimensions of __________ x
_________,
and is legally described as follows: (If the legal description is not included at the time of execution, it may be
attached to and incorporated herein afterward.)

1. PURCHASE PRICE: The total purchase price to be paid for the Property by the Buyer is payable as follows:
(a) Earnest deposit $500.00
(b) Sum due within 30 days after acceptance of this contract_________________
(c) Proceeds of new Note and Mortgage to be given by Buyer or any lender other than the
Seller.________________
(d) Existing Mortgage on the Property which shall remain on the Property but which shall not
subject Buyer to any penalty or fee or increase in the original interest rate of said Mortgage$0.00
(e) Balance due Seller by Promissory Note of the Buyer subject to the requirements set forth in this contract. ...$
all closing costs, transfer taxes and recording fees
(f ) Balance due Seller by Articles of Agreement for warranty deed.______________

TOTAL PURCHASE
PRICE............................................................................................................................$110,000.00

2. APPORTIONMENT OF PURCHASE PRICE AND DEED: Land $_______________ Building

3. BUYER will pay for recordation of deed and prorated share of prepaid insurance, taxes, and interest, if any.

4. THE SELLER WILL PAY FOR: [ ] Revenue stamps (state, county, and local); [ ] Title commitment in the amount
of the purchase price from _____________ or any title insurance company duly licensed to underwrite title
insurance in the State of ____________ ; [ ]
Survey; [ ] ______________ Attorney's fees; [ ] Appraisal fee; [ ] Real estate commission; [ ] Title abstract; [ ] Title
opinion letter; [ ] FHA or VA mortgage discount; [ ] Photographs; [ ] Satisfaction of mortgage and recording fee; [ ]
Lead paint inspection; [ ] Home inspection; [ ]
Repairs or replacements required by the FHA or VA not to exceed $__________ ; [ ] Any other inspections
required by law. [ ] _______________.

5. ATTORNEY MODIFICATION: The terms of this contacts, except the purchase price, closing date, and
possession date, are subject to good faith modification (which may include additional terms) by the attorney for the
parties within three (3) business days from the Contract
Date (excluding Saturday, Sunday, and legal holidays). Notice of modification shall be in writing, served upon the
other party or agent, and shall state the specific terms to be modified and proposed revision. In the absence of
written notice within the time specified herein, this
provision shall be deemed waived by all parties hereto and this contract shall continue in full force and effect. The
parties acknowledge that modification pursuant to this provision shall constitute a counteroffer.

6. PRORATED ITEMS: All rents, water taxes or charges, taxes, assessments, monthly mortgage insurance
premiums, fuel, prepaid service contracts, and interest on existing Mortgages shall be prorated as of the date of
closing. If Buyer is to accept the Property, subject to
an existing Mortgage requiring an escrow deposit for taxes, insurance, and/or other items, all escrow payments
required to be made up to the time of closing shall be made to the escrow holder at Seller’s expense and said
escrow balance shall be assigned to the Buyer without
compensation to the Seller; it being expressly understood that said escrow balance is included in the total
purchase price. All mortgage payments required of Seller to be made shall be current as of the time of closing. If
the exact amount of real estate taxes cannot be
ascertained at the time of closing, Seller agrees to prorate said taxes on the basis of _____% of the last
ascertainable amount.

7. TITLE AND TITLE INSURANCE: Within _____________ days [ ] after the date of acceptance of this contract [ ]
after the date of approval of Buyer’s Mortgage loan (if any), the Seller will provide and deliver to Buyer or Buyer’s
Attorney: [ ] A title commitment for an
owner’s title insurance policy in the amount of the purchase price (to be issued by _________________ ); [ ] A title
insurance commitment for a mortgage policy in the amount of $_____________; [ ] A continuation of abstract.

8. SURVEY: Within ____________ days [ ] after the date of acceptance of this contract [ ] after the date of
approval of Buyer’s Mortgage loan (if any), the Seller will provide and deliver to Buyer or Buyer’s Attorney: [ ] A new
spotted certified survey having all corners staked and
showing all improvements upon the Property. [ ] No survey is required.

9. EXAMINATION OF TITLE AND TIME OF CLOSING: If the title evidence and survey as specified above disclose
that Seller is vested with fee simple title to the Property (subject only to the permitted exceptions set forth above
acceptable to Buyer), this sale shall be closed and Buyer shall perform the agreements made in this contract, at
the office of Buyer’s Attorney, on or before [ ]
_______________________ [ ] _______________ days after the Mortgage loan approval [ ] _______________
days after acceptance of this contract. If title evidence or survey reveal any defect or condition which is not
acceptable to Buyer, the Buyer shall, within fifteen (15)
days, notify the Seller of such title defects and Seller agrees to use reasonable efforts to remedy such defects and
shall have thirty (30) days to do so, in which case this sale shall be closed within ten (10) days after delivery of
acceptable evidence to Buyer and Buyer’s Attorney that
such defects have been cured. Seller agrees to pay for and clear all delinquent taxes, liens, and other
encumbrances, unless the parties otherwise agree. If Seller is unable to convey to Buyer a good and insurable title
to the Property, the Buyer shall have the right to demand all
sums deposited by Buyer and held by or for the Seller. At the same time, Buyer shall return to Seller all items, if
any, received from Seller, whereupon all rights and liabilities of the parties to this contract shall cease. However,
the Buyer shall have the right to accept such title as
Seller may be able to convey and to close this sale upon the other terms as set forth in this contract. 10. DEFAULT
BY BUYER: If Buyer fails to perform the agreements of this contract within the time set forth herein, Seller may
retain, as
liquidated damages and not as a penalty, all of the earnest deposit specified in Paragraph 1(a), it being agreed
that this is Seller’s exclusive remedy.

11. DEFAULT BY SELLER: If Seller fails to perform any of the agreements of this contract, all deposits made by
Buyer shall be returned to Buyer on demand, or the Buyer may bring suit against Seller for damages resulting from
the breach of contract, or the Buyer may
bring an action for specific performance. Buyer’s remedies are cumulative and not exclusive of one another, and
all other remedies shall be available in either law or equity to Buyer for Seller’s breach hereof.

12. PERFORMANCE/DEFAULT/RELEASE OF EARNEST DEPOSIT: The earnest deposit and this contract shall
be held by________________ (Escrowee) for benefit of the parties hereto, and applied to the purchase price at
closing. In the event of a default by
Seller or Buyer, the parties are free to purchase any legal remedies available by law or in equity. There shall be no
disbursement of the earnest money unless Escrowee has been provided with a written agreement from Seller and
Buyer. Absent an agreement relative to the
disbursement of earnest money within reasonable time, Escrowee may deposit the funds with the Clerk of the
Circuit Court by filing an action in the nature of an interpleader action. Seller and Buyer hereby indemnify and hold
Escrowee harmless from any and all claims and
demands arising out of any release of earnest money pursuant to a written agreement of the parties or court order.

13. [ ] CONDOMINIUM PROVISION: (a) If the subject Property is a condominium unit, this contract is subject to
the condition that Seller be able to obtain release or waiver of any right of first refusal or other preemptive rights of
purchase created by the Declaration of
Condominium within the time established by said Declaration. If, after making every reasonable effort, Seller is
unable to obtain such release or waiver within the time provided and so notifies Buyer within that time, this contract
shall become null and void and all of Buyer’s deposits
shall be returned to the Buyer, provided that if said option or preemptive right is not exercised within the time
specified by the Declaration of Condominium, this contract shall remain in full force and effect for that period of
time which the Declaration of Condominium provides for
completion of the sale, should the option or preemptive right not be exercised. If the Declaration of Condominium
contains no such option or preemptive right, this Paragraph (a) shall be null and void and not part of this contract.
(b) Seller represents and warrants that there are no
condominium assessments currently due and owing. Seller agrees to pay any assessments, including special
assessments, that have been or will be levied at any time prior to the date of closing.

14. ATTORNEY FEES AND COSTS: If any litigation is instituted with respect to enforcement of the terms of this
contract, the prevailing party shall be entitled to recover all costs incurred, including, but not limited to, reasonable
attorney's fees and court costs.

15. RISK OF LOSS OR DAMAGE: Risk of loss or damage to the Property by any cause is retained by the Seller
until closing.

16. CONDITION OF THE PROPERTY: Seller agrees to deliver the Property to Buyer in its present condition,
ordinary wear and tear excepted, and further certifies and represents that Seller knows of no latent defect in the
Property. All heating, cooling, plumbing, electrical,
sanitary systems, and appliances shall be in good working order at the time of closing. Seller represents and
warrants that the personal property conveyed with the premises shall be the same property inspected by Buyer
and that no substitutions will be made without the
Buyer’s written consent. Buyer may also inspect or cause to be inspected the foundation, roof supports, or
structural member of all improvements located upon the Property. If any such system, appliance, roof, foundation,
or structural member shall be found defective,
Buyer shall notify Seller at or before closing and Seller shall thereupon remedy the defect forthwith at his/her sole
expense (in which case the time for closing shall be reasonably extended as necessary). If the costs of such
repairs shall exceed 5% of the total purchase price, Seller
may elect not to make such repairs and the Buyer may elect to take the Property in such defective condition and
deduct 5% from the purchase price or Buyer may, at his/her option, elect to terminate this contract and receive the
full refund of all deposits and other sums
tendered hereunder. In addition, Seller agrees to remove all debris from the Property by date of possession.

17. WELL AND SEPTIC TEST: (Select one applicable option)

[ ]The subject Property is served by community or municipal water and sewage treatment system (well and septic
test provision inapplicable),
OR
[ ] The subject Property is not served by community or municipal water and/or sewage treatment system. Seller, at
his expense, prior to closing, shall obtain and deliver to Buyer a water test performed by acceptable to the county
in which propriety is located, a septic system
test indicating that the system is in proper operating condition and in compliance with applicable state, county, and
local statutes, and have the septic tank pumped and emptied by certified technician. Such tests shall be performed
not more than 60 days prior to the closing date.
If either of said written test reports indicate that the water is not potable, that the septic system is not proper
operating condition, or that the systems are not in compliance with the relevant statutes, Seller shall have the
option to make the necessary repairs. If Seller fails to make
the necessary repairs, then this contract, at the option of Buyer, shall become null and void, and all earnest money
shall be refunded to Buyer.
18. FLOOD ZONE: Buyer shall have the option of declaring this contract null and void within 5 days of receipt of
any written notice or disclosure, including the Residential Real Property Disclosure Report, that the Property is
located in a special flood plain hazard which
requires the Buyer to obtain flood insurance. This option shall not exist in the event such written notice or
disclosure was provided in a Residential Real Property Disclosure Report executed by both Seller and Buyer prior
to the Contract Date.

19. OCCUPANCY: Seller shall deliver possession to Buyer no later than the closing date unless otherwise stated
herein. Seller represents that there are no persons occupying the Property except the following tenants of the
Seller:
___________________________________________________________________________________________
_________ Seller agrees to deliver exclusive occupancy of the Property to Buyer at the time of closing unless
otherwise specifically stated herein. Seller agrees to provide true and accurate copies of all written leases to Buyer
within five (5) days after the date of acceptance of this contract.
Said leases are subject to Buyer’s approval. Seller shall provide such letters notifying Tenants to pay rent to the
Buyer after closing as Buyer may reasonably request. Seller warrants that any rent rolls and other income and
expense data provided to Buyer are complete and
accurate, all of which must be acceptable to Buyer.

20. [ ] MORTGAGE OR THIRD PARTY FINANCING: According to Paragraph 1(c) of this contract, it is agreed that
Buyer will require a new mortgage loan to finance this purchase. The application for this mortgage will be made
with a lender acceptable to Buyer, and
unless a mortgage loan, acceptable to Buyer, is approved without contingencies other than those specified in this
contract within _______________ days from the date of acceptance of this contract, the Seller or Buyer shall have
the right to terminate this contract and, at
that time, all sums deposited by Buyer shall be returned to Buyer and Buyer shall return any surveys and copies of
leases received from Seller. Notwithstanding the aforesaid provisions, if Buyer so requests and if Seller agrees,
Seller shall have _______________ days to offer
Buyer a purchase money mortgage on said Property at terms acceptable to and approved by Buyer, and this
contract shall remain in full force and effect. Said purchase money mortgage shall be fully subject to the terms and
conditions of the paragraph relating to Seller
Financing below.

21. [ ] SELLER FINANCING: According to Paragraph 1(e) above, it is understood that the Buyer will execute and
deliver at the closing, a Promissory Note to Seller which shall provide for full or partial prepayment without penalty
[ ] and shall bear interest at the rate of
___________% per annum beginning on __________________________ with payments in the amount of
$____________ per ___________ [ ] such that the amount of such payments shall amortize the debt due in
_______________ years with all unpaid principal
and interest due ________________ . The said Promissory Note shall be secured by a mortgage acceptable to
Buyer and providing for the full and free right of the Mortgagor to transfer the Property, in whole or in part, subject
to the Mortgage and to substitute for the Property
other collateral of equivalent equity value; the exculpation of the Mortgagor from personal liability; thirty (30) days’
prior written notice to the Mortgagor of the Mortgagee’s intention to commence foreclosure proceedings and the
right of the Mortgagor to cure; the subordination of
Mortgagee’s lien to an existing or future senior encumbrance; the right of first refusal in the Mortgagor if the
Mortgagee shall at any time sell its interest at a discount; future advances at the option of the Mortgagee; the
release or portions of the Property from the lien of the Mortgage
upon partial principal payments by Mortgagor, which said portion shall be released in the same proportion that the
amount of the partial payment bears to the then outstanding principal balance.

22. [ ] ARTICLES OF AGREEMENT FOR WARRANTY DEED: If this sale is made by Articles of Agreement for
warranty deed pursuant to Paragraph 1(f), then the terms of Paragraph 17 relating to Seller Financing shall be
incorporated in said Articles of Agreement
and shall become a part thereof, and the terms relating to a Promissory Note and Mortgage shall be construed
and relate to the Articles of Agreement for warranty deed in lieu of any reference to Promissory Note and
Mortgage.
23. [ ] FHA FINANCING: It is expressly agreed that, notwithstanding any other provisions of this contract, Buyer
shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by
forfeiture of any money deposit or otherwise unless the
Seller has delivered to the Buyer a written statement issued by the Federal Housing Commissioner setting forth
the appraised value of the Property (excluding closing costs) of not less than $____________________ which
statement Seller agrees to deliver to the Buyer promptly
after such appraised value statement is made available to Seller. The Buyer shall, however, have the privilege and
option of proceeding with the consummation of this contract without regard to the amount of the appraised
valuation made by the Federal Housing Commissioner.

24. [ ] VA FINANCING: It is expressly agreed that, notwithstanding any other provisions of this contract, the Buyer
shall not incur any penalty by forfeiture of earnest money or otherwise be obligated to complete the purchase of
the Property described in this contract if the
total purchase price exceeds the reasonable value of the Property established by the Department of Veterans
Affairs. The Buyer shall, however, have the privilege and option of completing this transaction without regard to the
amount of reasonable value established by the
Department of Veterans Affairs.

25. TERMITE INSPECTION: Seller agrees to furnish to Buyer, at Seller’s expense, an inspection report showing
all buildings on the Property to be free and clear from visible infestation and free from visible dry or wet rot
damage by termites and other wood-destroying
organisms. This inspection report is to be furnished by a licensed pest control firm. If a report shows such visible
infestation or damage, Seller shall pay all costs of treatment of such infestation and all costs of repair of such
damage. If the costs of treatment and repair shall
exceed 3% of the total sale price, Seller may elect not to make such treatment and repairs and Buyer may elect to
take the Property in its then condition and deduct 3% from the total purchase price and complete the transaction or
Buyer may terminate this contract and receive a
full refund of all deposits made by Buyer hereunder.

26. [ ] ZONING: Unless the Property is properly zoned for _______________________________ use and there
are no deed restrictions against such use at the time of closing, the Buyer shall have the right to terminate this
contract and receive a full refund of all deposits made
by Buyer hereunder.

27. LEGAL USE: Seller represents and warrants to Buyer that the entire Property conforms to all building codes
and restrictions that may be imposed by any governmental agency either national, state, or local. Seller also
warrants that there are no building code violations on the
Property and that Seller has received no notice of any building code violations for the past ten years that have not
been fully corrected.

28. LOCAL ORDINANCES: Seller shall procure for Buyer, at Seller’s expense, all certificates of inspection,
certificates of occupancy, or the like required under the terms of any local ordinance.

29. PERSONAL PROPERTY INCLUDED IN THE PURCHASE PRICE: (Strike items not applicable): storm and
screen doors and windows; awnings; outdoor television antenna; wall-to-wall, hallway, and stair carpeting; window
shades and draperies and supporting
fixtures; venetian blinds; window treatments; electric, plumbing, and other fixtures as installed; water softener;
attached shelving; hardware; trees and shrubs; refrigerator(s) ____________________ ; stove(s)
____________________ ; air conditioner(s) ____________________
and such other items listed below or on a rider attached hereto, all of which personal property is unencumbered
and owned by Seller. All such items shall be conveyed from Seller to Buyer by a Bill of Sale.

30. THIS OFFER shall terminate if not accepted before (mo./day) ____________________ , (yr.)__________ .

31. RESPA COMPLIANCE: Seller and Buyer agree to make all disclosures and do all things necessary to comply
with the provisions of the Real Estate Settlement Procedures Act of 1974 if it is applicable to this transaction.
32. ADDITIONAL TERMS AND CONDITIONS:
(a) Where the context requires, the terms that Seller and Buyer shall include are in the masculine as well as the
feminine and the singular as
well as the plural.
(b) There are no agreements, promises, or understandings between the parties except as specifically set forth in
this contract. No
alterations or changes shall be made to this contract unless the same are in writing and signed or initialed by
the parties hereto.
(c) The provisions of this contract shall survive the closing and shall not merge in any deed of conveyance herein.
(d) This agreement shall be construed under the laws of the State of
___________________________________________
(e) Other:
33. REAL ESTATE SALES COMMISSION: The Seller agrees to pay all real estate sales commission due on this
transaction.
34. NOTICES: Any notices required to be given herein shall be sent to the parties listed below at their respective
addresses either by
personal delivery or by certified mail - return receipt requested. Such notice shall be effective upon delivery or
mailing.

TIME IS OF THE ESSENCE OF THIS AGREEMENT.

Buyer(s):____________________________________________ Buyer's Date of Offer: (mo./day)

Address: ____________________________________________

Seller(s):____________________________________________ Seller's Date of Acceptance:

Address: ___________________________________________