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1251 West Camile Street Property Address: Santa Ana, CA 92703 Date: March 1I, 2008 31. EXPIRATION OF OFFER: This offer shall be deemed revoked and the deposit shall be returned unless the offer is Signed by Seller and a Copy of the Signed offer is personally received by Buyer, or by PJ Jahanairi with Villa Realty Group ,who is authorized to receive it by 5:00 PM on the third Day after this offer is signed by Buyer (or, if checked, ^ by March 14 2008 (date), at 12:00 ^ AM ® PM . Oate March 11, 2008 Date BUYER BUYER City Of Santa Ana (Print name) (Pant name) (Address) 32. BROKER COMPENSATION FROM SELLER: A. Upon Close Of Escrow, Seller agrees to pay compensation to Broker as specified in a separate written agreement between Seller and Broker. B. If escrow does not close, compensation is payable as specified in that separate written agreement. 33. ACCEPTANCE OF OFFER: Seller warrants that Seller is the owner of the Property, or has the authority to execute this Agreement. Seller accepts the above offer, agrees to sell the Property on the above terms and conditions, and agrees to the above confirmation of agency relationships. Seller has read and acknowledges receipt of a Copy of this Agreement, and authorizes Broker to deliver a Signed Copy to Buyer. ^ (If checked) SUBJECT TO ATTACHED COUNTER OFFER, DATED Date Date SELLER SELLER (Print name) (Pant name) CONFIRMATION OF ACCEPTANCE: A Copy of Signed Acceptance was personally received by Buyer or Buyer's authorized ( / )agent on (date) at ^ AM ^ PM. A binding Agreement is created when (Initials) a Copy of Signed Acceptance is personally received by Buyer or Buyer's authorized agent whether or not confirmed in this document. Completion of this confirmation is not legally required in order to create a binding Agreement; it is solely intended to evidence the date that Confirmation of Acceptance has occurred. REAL ESTATE BROKERS: A. Real Estate Brokers are not parties to the Agreement between Buyer and Seller. B. Agency relationships are confirmed as stated in paragraph 27. C. If specified in paragraph 2A, Agent who submitted the offer for Buyer acknowledges receipt of deposit. D. COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay Cooperating Broker (Selling Firm) and Cooperating Broker agrees to accept, out of Listing Broker's proceeds in escrow: (i) the amount specified in the MLS, provided Cooperating Broker is a Participant of the MLS in which the Property is offered for sale or a reciprocal MLS; or (ii) ^ (if checked) the amount specified in a separate written agreement (C.A.R. Form CBC) between Listing Broker and Cooperating Broker. Real Estate Broker (Selling Firm) Advantage REO /Villa Realty Group DRE Lic. # 00875475 BY PJ Jahangiri DRE Lic. # 00875475 Date March 11 2008 Address 1421 North Wanda Road, Suite I20 City Orange State CA Zip 92867 Telephone (714)288-8600 Fax (7141289-1206 E-mailpj@advantage-reo.com Real Estate Broker (Listing Firm) Advantage REO / Vi11a Realty Group License # 00875475 BY PJ Jahanairi License# 00875475 Date March 11, 2008 Address 1421 North Wanda Road Suite 120 City 92867 State CA Zip 92867 Telephone (714)288-8600 Fax (714)289-1206 E-mailpj@villarealtvgroup.com ESCROW HOLDER ACKNOWLEDGMENT: Escrow Holder acknowledges receipt of a Copy of this Agreement, (if checked, ^ a deposit in the amount of $ ), counter offer numbers and and agrees to act as Escrow Holder subject to paragraph 28 of this Agreement, any supplemental escrow instructions and the terms of Escrow Holder's general provisions. Escrow Holder is advised that the date of Confirmation of Acceptance of the Agreement as between Buyer and Seller is Escrow Holder seller choice of title Company Escrow # By Date Address Phone/Fax/E-mail // Escrow Holder is licensed by the California Department of ^ Corporations, ^ Insurance, ^ Real Estate. License # (_ / ) REJECTION OF OFFER: No counter offer is being made. This offer was reviewed and rejected by Seller on (Seller's Initials) (Date) . riio rvnrv nr~a occrv r~rrnuvtu er IFit UALIhUKNIA ASSOCIATION OF REALTORSO (C.A.R.). NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR CONSULT AN APPROPRIATE PROFESSIONAL. TAX ADVICE, This form is available for use by the entire real estate industry. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics. used only by Published and Distributed by: ! REAL ESTATE BUSINESS SERVICES, INC. r a subsidiary of the California Association of REALTORSO 525 South Virgil Avenue, Los Angeles, California 90020 Reviewed by Date EQUAL HOUSING RPA-CA REVISED 11/07 (PAGE 8 OF 8) OPPORTUNITY CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 8 OF 8) 1251 Wcst Cami 25D-11