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First American Title Company File No.;OSA-737WI(NP) Grant Deed: The Parties instruct Settlement Agent to complete Grant Deed over Seller's signature, if necessary, to comply with Buyer's written vesting instructions. Title Approval: The Parties acknowledges receipt of a copy of the Preliminary Report issued in connection with this escrow for the above-referenced property and containing the legal description of the property which is the subject of this escrow. The Parties approve the intended policy(ies)form(s) and acknowledge that the Owners Policy of Title Insurance, having a liability amount of at least the total consideration, and Loan Policy of Title Insurance, if any, having a liability amount of at least the loan amount will be subject to all exceptions shown on the Preliminary Report except: • Delinquent general and special taxes, assessments and/or bonds • Voluntary and/or involuntary liens created by Seller or prior owner not assumed by Buyer • Deed(s) of Trust not assumed by Buyer Parties to notify Settlement Agent in writing of any items which are specifically disapproved by Parties. Parties understands that should there be any involuntary liens recorded against Buyer at the time they acquire Property, these involuntary liens will become liens on the title. CANCELLATION OF ESCROW If one of the Parties desires to cancel the transaction, Settlement Agent requires a written cancellation notice and will advise the other parry of the notice of cancellation via any method available to Settlement Agent, including electronic or U.S. mail. If the parties do not provide mutual instructions regarding funds that have been deposited with the Settlement Agent, Settlement Agent may, AT ITS SOLE DISCRETION: • File an interpleader action, deposit the funds held with the court clerk and allow the court to disburse said funds. (In an interpleader action, costs and attorney's fees incurred by the Settlement Agent in bringing the action may be deducted from the amount deposited with the court clerk.); or • Escheat dormant funds pursuant to State Law. • If no written objection to cancellation is delivered to Settlement Agent by a Party within 10 days after notice is given,terminate the transaction. • If no action is taken on this transaction within 6 months after the closing date specified in the settlement instructions, terminate the transaction. Upon termination of the transaction, Settlement Agent shall deduct all fees, charges and reimbursements due, and return all documents. The remaining funds held in escrow will be remitted either to the Parties who deposited funds or pursuant to the unilateral instructions received and not objected to. Notwithstanding the foregoing, upon receipt of notice of cancellation by a seller in a transaction subject to the Home Equity Sales Contract laud (CC §1695 et seq.), Settlement Agent shall have the right to unilaterally cancel the escrow and may return all documents and funds without consent by or notice to the Buyer. State Withholding &Reporting: In accordance with Section 18662 of the Revenue and Taxation Code (R&TC), a buyer may be required to withhold an amount equal to 3 1/3% (.0333) of the sale price, or an optional gain on sale withholding amount certified by the seller in the case of a disposition of California real property interest by either: 1. A seller who is an individual, trust, estate, or when the disbursement instructions authorize the proceeds to be sent to a financial intermediary of the sellers. 2. A corporate seller that has no permanent place of business in California immediately after the transfer of title to the California property. The buyer may become subject to penalty for failure to withhold an amount equal to the greater of 10 percent of the amount required to be withheld or five hundred dollars ($500). ©First American Financial Corporation.All Rights Reserved. NYSE; FAF Page 9 of 12