80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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secu~`ed by the Harrrebrryer, ~exciudir~g ar~d other than Iaar~~s~ aa• subsidy~ies} provided by the Agency has set foa~l~ in tl~e defi~Yition of the Aerley Contributlon~~ a~~d applied by the Hat~el~uyer ta~vards the purchase of the Prape~`ty~ ~i~i~ The "Pr~rchase Price" is the original purc~~ase price paid by the Ha~nebuyer` far the orne~~~yer• as the qualified srrccessor a~vr~er of the Prapert~~ to the seller` of tl~e Property {tl~e `Seller{"~ generally this anlarlr7t shall be equal to the or~gi~~al fair zr~a~`I~et ~ralue of tl7e Property at tl~e tirr~e of tl~e initiallorigi~~al sale of the Property the De~relaper to tl~e Ho~~~ebuyer} for the elier's Irlterest irl the Property, exclusive of escro~ fees, title insurance casts, b~'ok.r's con~~nisions, loan fees ar any other closing or tr'ansactior~ casts S~~b~ect to tl~e pra~isiar~s set forth hereir~bela~~~, the value of ual~~ed Capital fr~proverrrents shall be added to tl~e Purchase P~'~ce ~~het~ calculating the Contingent Equrty Participation An~a~~~~t Div} Tl~e "ales Price" is tl~e price to be paid. by the prospective bu~rer` ~~~la is not ~ c~ualrfied Moderate ~nco~~e Ho~nebrryer~ of the Property ~tlle "buyer{"~ to the ~ot~eblryer for the Harnebuyer as tl~e qualified successari o~rz~er of the Prop~rty~ for the Hoa~aebuye~•'s interest i~~ the Property, exclusive of reasonable escrav~ fees, t~t~e ~t~surance costs, brol~er`'s carntl~issior~s, Ioa~~ fees or any other closl~ig o~' transaction costs, Tire dales Price shall be established ire confarrnity ritl~ Sect~an 7~~}~i~, ~n tl~e evert of the Harrrehuyer''s re~rrancirrg, fa~il~u~~e to occupy, or~ are Cv~rlership Default, the "ales Price" shaI be established its co~~fort~~ity ~v~t~x Section ~{~)~ii}. T~~e {`Affo~+dable Housi~~g Cast subsidy" is tl~e atnau~~t decr~red to be a subsrdy from the Agency provided to tl~ Hat~rebuyer by rt~akin the Property a~~ailablc for' p~~aichase at a price that canstit~~tes an Affordable Housing Cost faz~ Hon~ehrryea4 as a Moderate ~~~co~r~e Har~sehold, Tl~e Affordable Hausirg Cost Subsidy eq~~als the diffez'e~~ce bet~veen the appraised fair` rrrarket ~al«e o the Property as of the date of the Areen~er~t and the Affordable Ha~rsing Cast ~c~ ~~rception Calcula~~oir, otitl~star~di~~g t~~e above tl~ Variable Applicable Paetar shall equal the r~ eater affift~ percent ESQ°I~~ or• tl~e ariabe ~p~eahle Factor calculated pursuant to ectiaxa 7~b~; provided l~a~~~ever, in tl~e evert f aker r'ecei~es a First ~iet~ laa~~ fr'ar~r the California Pir~a~rce Agency or a Fig+t ~?ien Ioan the source of proceeds of urhicl~ are f~'a~n tax exerr~pt bonds, then the Variable Applicable Factor shall equal tl~e Variable Applicable Pactor• peg+c~~tage calculated prrrs€lant to Section ~~h~, ~d~ i~si~xg ~~xe V~r~ia~le ~,pp~icable ~"ae~or #a ~e#errlYille #~ie otl#irrgc~r# ~i~tll P~t'f1~1~1~f10I1 ~II~Ol1I1#, Cor~t~r~gerlt ~C~~~rty Par~t~clpatl~tl AI~lOI~~~t 1S calculated by n~r~ltiplyin the Variable Applicable Factor by the difference between tie Sales P~•ice and the P~~rchasc Price, For e~ar~ple, if the Variable Applicable Factor equals ~ 0,"~°~o, the Cor~t1l~ger~t f~q~rity Par'ticipatian Ar~a~~r~t ~~o~~ld then eclr~al l~f~°Io Variable Applicable Factar~ x Sales Price n~inr~s the Purchase Price}. ~rl the aba~re example, if the Sales Price eta acc~rr lxpon resale not conforrrring to Section ~ of the Agreements equals 380,0~~ ar~d tl~e P~~rchase Price egrral 280,00, the Contingent ~gr~~ty Par*trcrpatron Arnaurt ~vauld eq~~al 0,700 ~10~7°~0 ~ x$350,000 rnit~r~s X80,000}}, ~~H~B~T B~~ TC ATTACH~V[ENT N~. I ~ Pl'ornlssory date DOCS0~1~ ~OO~i73u 131~~~~~~-D00 ~