Rider to Contract

FIRST RIDER TO CONTRACT

BETWEEN: 10714 Remington Beyond LLC , Seller

AND:Kellon Maitland Purchasers

PREMISES: 107-14 Remington Street

DATED:APRIL 2018

TO THE EXTENT OF ANY CONFLICT OR INCONSISTENCY BETWEEN THIS RIDER AND THE PRINTED FORM, THIS RIDER SHALL CONTROL

1.Said premises are sold subject to any state of facts an accurate survey may show, provided same does not render title unmarketable, and to restrictive covenants, utility easements, agreements and reservations of record not violated by the existing structures or prevent use thereof. Any notice given under this contract may be given either by or to the respective parties or their attorney(s).

2.Seller shall allow the Purchaser to make an examination for termites or other wood destroying infestation, or damage due to termites or other wood destroying insects. If same are found and notice thereof given to the Seller’s attorneys in writing within two (2) weeks, then Seller will have the option to cancel the contract and return the down payment. Purchaser may take title “AS IS”.

3.If the mortgage to which this contract is subject is not approved in the amount set forth but is approved for a lesser amount, the Seller shall have the option to reduce the purchase price by the same amount as the mortgage has been reduced and thereupon, the Purchaser will complete the purchase at such reduced purchase price, provided lender consents.

4.Seller’s obligation to clear violations, obtain a certificate of occupancy or provide marketable title shall not exceed expenditures of more than $750.00 to accomplish same. In no event shall Seller be required to initiate a proceeding to obtain a variance.

5.In the event of the willful default of the Purchaser, the amount deposited as a down payment shall be retained by the seller as liquidated damages.

6.Purchaser has the right to inspect the premises twenty-four (24) hours prior to closing.

7.This contract is contingent upon a risk assessment or inspection of the property for the presence of lead-based paint and/or lead-based paint hazard at the Purchaser’s sole cost and expense. Such assessment and/or inspection shall be conducted by the Purchaser or their authorized agent no later than ten (10) calendar days from the date hereof. This contingency will terminate at the aforesaid date unless or Purchaser or Purchaser’s agent delivers to the Seller or Seller's agent a written notification listing the specific existing deficiencies and corrections requested, together with a copy of the inspection and/or risk assessment report within the aforesaid ten (10) day period. Upon timely receipt thereof, the Seller may, at the Seller's sole option within five (5) days after delivery of the aforesaid inspection and/or report, elect in writing whether to correct the conditions prior to closing. If the Seller agrees to correct the conditions, the Seller shall furnish the Purchaser with a certification from a risk assessor or inspector demonstrating that the condition has been remedied prior to the date of closing. If the Seller does not elect to make the repairs, the Purchaser shall have three (3) business days in which to respond and either remove the contingency and take the property in "AS IS" condition, or cancel the contract. In the event of cancellation as provided herein, the down payment being held in escrow shall be refunded to the Purchaser’s attorney and, thereupon, this contract shall become null and void. For purposes of this provision, the Purchaser acknowledges that the term "lead based paint hazard" shall be as defined by the Environmental Protection Agency and the Purchaser recognizes, for the purposes of illustration only, that the mere existence of lead based paint on the premises does not, in and of itself, constitute a hazard as defined by the EPA.

8.All time periods shall be computed as of the date Purchaser’s attorney receives a fully executed copy of the contract.

9.The Purchaser hereby agrees that they have waived the provisions of the Property Condition Disclosure Act, 2001 N.Y. Law 5339-A, effective March 1, 2002, and represents that they have obtained a home inspection or house engineering inspection, or has had the opportunity to obtain one and is satisfied with the results thereof. The Purchaser hereby waives, releases and discharges all rights, claims and actions against the Seller resulting or arising from said Property Condition Disclosure Act. In consideration of said waiver and with compliance with this act, purchaser shall receive a credit of $500.00 at the closing.

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10714 Remington Beyond LLC , Seller Kellon Maitland , Purchaser