80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

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b~ alcuia~iol~ of CorI~illgerlt ~qui~y fax;~icipatinl~ ArIIaullt faI• 111JSequellt ~OIII~~uy~I', If pursuant to ectiarr 4} a Buyer leas fully assumed fire Harnebuyer's ol~lratlolrs ~~trder this Aglieernent, the dote, the Agency Deed of TI'ust, the notice of affordable Restrictiar~s acrd the Affordable Housing Resale Restrictio~~~ and thereafter' the Ire~v Buyer', as the successor Hor~ebuyer~, def a~rlts ail causes an e~et~t of ceeler'atiarl to occ~u•, the contingent Bquity PaI'tlclpatron ~Axrror~nt to be paid by suclr B~ryr shall be calcl~lated ley rrrultiplying tl~e arial~le ~.pplicable Factor, cstablisl~ed ire Section .I~a~, by #lre difference bet~reet~ the dales Price, cstab~ished in canforn~rlty ~vrtlr Sectrorr ar~d the Purchase Price, c~ ~o Apial~eciatiall or ~]epreciatlon lza ~ali~e of Prope~,ty, If qtr ev~rlt of accelertio~~ occul's at a tlrrre ~~lrer7 the Property leas not appreciated or' the value of tl~e Property has depreciated ~tl~e dales PI"ice is less tllar~ fire Purchase Price}, tl~er~ rro Contingent Hquity Parttclpatron Alrrotrl~t is d~?e tl~e Homebuyel' to tlrc Agency ~3 Qualified ~api~ai Irr~p~~avert~ellts, ~'he ~~al~re off' airy Qualified Capital II~Zpravernetrts cot~~pleted by the Homebuyel' d~rl'it~g tl~e ~Ior~~ebuyer's o~~nership of ~11e Pr~opet~t~r shall be added. to tl~e l~~rr•cl~ase P~iice when calc~rlatirr the Contingent ~cluity Par'ticipatiorr A~~~o~rnt only if, not later' thatr thirty days prial' to the event of accceration causi~~g the C~r1t~llgent ~~~lrty PaI't1C1pt14II ~II7Q~rnt to becorne immediately due atld payable l~€~r'suatlt to Section l ,~~f~, file ~or~~eb~~yer strbn7its fire follo~ving to tine Agency: ~i~ ar] iterni~ed list of the Qualified Capital Itnprovements, iii} ~~eliable proof of completion of the Qualified Capital impr•ovemt~ts has evidelreed fi~ral b~riiding per"rnit~, a ccrtiicate of cotrrpletian o~" ar'iinal paid invoices or constructron CQrI#I•acfs}, at~d ~rll~ arl appl'alsal fro~n a certified appraiser, i~~ form arrd substance reasonably acceptable to the Executive Director, tl~e corlclr~slalr of l~lcl~ ~ that the Qualified Capital i~~pr•o~err~er~ts have added the stated ar~or~~lt to tl~e fair' rnal'l~et value of the Property. If, within ~3a}days of receipt of the info"I~atiarr carrcernitr tl~c ~ralifieal capital Irnprovernerrts, tl~e A,e~~cy gr~esttans the c1allned ltrcreasc ire the value of the Property by reason of card ~ral~f led ~aprtal Irnpr•avelnelrt~, the agency a~ad t~~ Ha~r~ebuyer rrray, by rn~rtual agreement, establish fire val~re of'tlre Q~rali~ed Capital Irr~pravelnerrts or tl~e agency may require an appraisal of tl~e Property, at fire ~a~~aehuyer•'s expense, by a second i~rdepender~t certified appraiser' appoi~~ted by tl~e Agency to determine the fair• marl~et ~alr~e of fire Qualified Capital Impra~~ements~ Credit to ~alrrehuycr, Not~vithstatidilrg the foI•egoing pI•ovisions of this ~Ct1QIZ ~ calc€~latlor~ a~ the CDntrngellt Hqurty Par'tlcrpatrarl A~rraurrt I subject to ~ llperror" ~"igl~t of fhe I:Iameb~r~?er to ~•eceive credit its calcrriatiar~ of tl~e Pu~•cl~ase Price foci ~narley prd ~y the Hatrreblryer• post-acquisition ar~d d~~r"ink file ter'n~ of the Ho~~rebuyer's o~~~r~ersl~ip of fire P~•aper•ty far installrnellt payrnerrts of rrror•tgage principal, pursuant to the l~'lr'st Lien actr~ally rnade by the Horneb~ryer, rn addrtron to the fair Irrarlcet val~~e of Qr~alified Capital Impravclnet~ts cot~srsterlt ~~'rth the requlret~er~ts of SeCtron 3.3. 3, ~eter~mlraatiolx of dales P~,ice; Appraisal, a~ Upo~~ dale of the Property In tl~e e~er~t of a pr•apased sale of the P~•oper~ty by tl~e Homelauyer that does not conform to Section 4, and riot less than thi~~ty ~a~ days A'T`T'ACH~~~' ~ V • E i V Form of Hamelouyer Loan. A~reer~ent ~ DDCS~ Cl~ ~006~3~~1 ~1~~~27~-~~~ ~