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First American Title Company File No.:OSA-7376481(NP) <br /> However, notwithstanding any other provision included in the California statutes referenced above, no buyer <br /> will be required to withhold any amount or be subject to penalty for failure to withhold if any of the following <br /> applies: <br /> 3. The sale price of the California real property conveyed does not exceed one hundred thousand dollars <br /> ($100,000). <br /> 4. The seller executes a written certificate under the penalty of perjury certifying that the seller is a corporation <br /> with a permanent place of business in California. <br /> S, The seller, who is an individual, trust, estate, or a corporation without a permanent place of business in <br /> California, executes a written certificate under the penalty of perjury of any of the following: <br /> (a) The California real property being conveyed is the seller's or decedent's principal residence (within the <br /> meaning of Section 121 of the Internal Revenue Code (IRC)). <br /> (b) The last use of the property being conveyed was by the transferor as the transferor's principal residence <br /> (within the meaning of IRC Section 121). <br /> (c) The California real property being conveyed is, or will be, exchanged for property of like kind (within the <br /> meaning of IRC Section 1031), but only to the extent of the amount of gain not required to be recognized for <br /> California income tax purposes under IRC Section 1031. <br /> (d) The California real property has been compulsorily or involuntarily converted (within the meaning of IRC <br /> Section 1033)and the seller intends to acquire property similar or related in service or use so as to be eligible <br /> for nonrecognition of gain for California income tax purposes under IRC Section 1033. <br /> (e) The California real property transaction will result in a loss or net gain not required to be recognized for <br /> California income tax purposes. The seller is subject to penalty for knowingly filing a fraudulent certificate for <br /> the purpose of avoiding the withholding requirement. <br /> Contact FTB: For additional information regarding California withholding or for the Alternative Withholding, <br /> contact the Franchise Tax Board at (toll free) 888-792-4900), by e-mail WSCS.GEN@ftb.ca.gov; or visit their <br /> website at www.ftb.ca,gov. <br /> ©First,Amercan Financial Corporation.All Rights Rese ved. NYSE: FAF Page 10 of 12 <br />