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Date: 1111712022
<br />RE: Escrow No. 4437-LG
<br />of Real Property Certain Sellers are exempt from withholding. Each Party must seek independent tax advice from a
<br />professional, California Revenue and Taxation Code Section 18662 (as amended) requires prepayment of income tax by
<br />withholding 3-1,/3% of the total sales price an real property for individuals and non -individual sellers of real property,
<br />whether resident or non-residem. Alternatively, a Seller may elect to withhold'. on the gain on the sale and based an the
<br />applicable withholdingrates effective at the close of escrow. For more information, Buyers and Sellers shouldrefer to
<br />Form 593-C and 593-E Booklet, Real Estate Withholding Certificate and Computation of Estimated Gain or Loss hom the
<br />California Franchise Tax Board, Withholding is also required for real estate foreclosures and short sale transactions unless
<br />any exemptions certified on Form 593-C apply, or the sale qualifies under the automatic exclusions. For more information
<br />on real estate famdosures and short sale transactions, refer to Publication 1016, Real Estate Withholding Guidelines by
<br />the California Franchise Tax Board. Any futher questions regarding withholding Requirements for Sale of California Real
<br />Estate may be answered by seeking independent professional tax advice or at httx//Avww.fth.r.gDvfindividualslwsrJ
<br />Cal ifornia_Real Estate.shtml. The parties acknowledge that Escrow Holder is under no duty to take action regarding
<br />withholding without further mutual wi itten instructions of Buyer and Seller in form satisfactory to Escrow Holder, together
<br />with the completion of Franchise Tax Board forms. Section 18662 of California Revenue and Taxation Code (as amended)
<br />requires a BUYER of real property to withhold if the Selle✓sexemption is not met. If withholding is not made Buyer may
<br />become subject to a penalty in the amount equal to the greater of 10% of the amount required to be withheld or five
<br />hundred dollars ($500M). For additional information, contact: FRANCHISE TAR BOARD, WITHHOLD AT SOURCE UNIT,
<br />P.O. BOX 651, SACRAMENTO, CA 95812-0651, PHONE: (916) 845-4900 OR Tall Free AT (889) 792-4900. Seller and
<br />Buyer hereby agree to comply with Section 10662 of California Revenue and Taxation Code (as amended), and Seller
<br />shall cause to be deposited Into escrow such forms that may be necessary for the parties hereto to be In compliance with
<br />said tax code, as expanded. The parties agree to hold Escrow Holder harmless and indemnify Escrow Holder for
<br />complying with any CAL-FIRPTA instruction or any third -party claims that may arise.
<br />20. License Disclosure: Licensed By The California Department of Financial Protection 8, Innovation, Lic,s96DBO-127309
<br />21. Buyer and Seller due dates: If the date by which Buyer's or Seller's performances are due shalt be other than your
<br />regular business day, such performances shall be due on your next succeeding business day.
<br />22. Personal Property Title Search: Golden Coast Esormv, Inc. shall conduct no fen or fi8e search of personal property
<br />regarding the sale or transfer of any personal property through this escrow. Should the paty(ies) desire that you
<br />aonduot a lien or tide search of personal property, the party( es) requesting the same shall deliver separate and specific
<br />written escrow Instructions to you along with an agreement to pay your additional escrow fees.
<br />23. Not to be concerned with usury of loan: Golden Coast. Escrow, Inc- shall notice responsible in any way whatsoever nor
<br />are you to be concerned with any question of usury in any loan or encumbrance, whether new or of record, which may arse
<br />during the processing of this escrow.
<br />24. Provide Title: Golden Coast Escrow, Inc. am in to provide title to the subject real property in the condition identified
<br />in the escrow instructions by the parties. Esorow holder is not responsible for the contents or accuracy of any
<br />beneficiary demands andlor beneficiary statements delivered to you by the existing lien holders- You are not required to
<br />submit any such beneficiary statement andlor beneficiary demand to the pary(les) for appraval before the close of
<br />escrow unless expressly instructed to do so In wdling. Should the party(ies) desire to pre -approve any such beneficiary
<br />statement andlor beneficiary demand, the party(les) requesting the same shall deliver separate and specific written
<br />escrow instructions to you.
<br />25. Loan terns or Loan Document content: Golden Coast Escrow, Inc. are not to be responsible in any way whatsoever nor
<br />to be concerned with the tents of any new loan or the content of any loan documents obtained by any Party in connection
<br />withthis escrow except to order such loan documents into the escrow file, transmit the loan documents to Buyer for
<br />execution and transmit the executed loan documents to Lender. The parties understand and agree that you are not
<br />Involved nor concerned with the approval andlor processing of any loan or the contents and effect of loan documents
<br />prepared by a Lender.
<br />26. Third -Party Claims: The pafbes expressly Indemnity and hold you harmless against third -party claims for any fees, costs
<br />or expenses where you have acted in good faith, with reasonable care and prudence andfor Incompliance with these
<br />escrow instructions.
<br />27, Escrow Holder only: The parties agree that Golden Coast Escrow, Inc. have the responsibilities of an escrow holder only
<br />and there are no other legal relationships established in the terms and conditions of the escrow instructions. In connection
<br />with this escrow: (1) you shall have no duty or responsibility of notifying any of the parties to this escrow of any sale,
<br />resale, loan, exchange or other transaction involving any of the subject real propeny or personal property; (2) you shall
<br />have no responsibility or duty to disclose any benefit, induding, but not timited to financial gain, realized by any person, firm
<br />or corporation involving any at the subject real property or personal property; and (3) you shall have no responsibility or
<br />duty to disclose any profit realized by any person, firm or corporation including, but not limited to, any real estate broker.
<br />real estate safes agent andlor a Puny to any other escrow, in connection therewith, although such other transaction may
<br />be handled by you in this escrow Orin another escrow transaction. If, however, you are instructed in writing by any patty,
<br />Lender or other entitled person to disclose any sale, resale, loan exchange or other transaction involving any of the
<br />subject real property or Personal property or any profit realized by any person, firm or corporation to any party to this
<br />Seller(s) Initialss^� Buyer(s) Initials
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