Common use of Closing Funds Clause in Contracts

Closing Funds. The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. A $150.00 plus applicable taxes administrative fee shall be charged to the Purchaser for each sum that the Vendor permits to be paid to the Vendor’s solicitor on account of the Purchase Price for the Property by wire transfer or direct deposit. All payments by wire transfer or direct deposit shall be made in strict accordance with the provisions of the Vendor’s solicitor’s wire transfer and direct deposit form, which may be amended by the Vendor’s solicitor from time to time. All payments by wire transfer must also include the Vendor’s bank’s wiring fee and/or the Vendor’s solicitor’s bank’s wiring fee. Without derogation from any other right or remedy of the Vendor, if such form is not complied with and a wire transfer or direct deposit is made on account of the Purchase Price, the Purchaser shall pay an additional adjustment of $150.00, plus Applicable Taxes, as an administrative fee per occurrence WEB COPY SCHEDULE "B”

Closing Funds. The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. A $150.00 plus applicable taxes administrative fee shall be charged to the Purchaser for each sum that the Vendor permits to be paid to the Vendor’s solicitor on account of the Purchase Price for the Property by wire transfer or direct deposit. All payments by wire transfer or direct deposit shall be made in strict accordance with the provisions of the Vendor’s solicitor’s wire transfer and direct deposit form, which may be amended by the Vendor’s solicitor from time to time. All payments by wire transfer must also include the Vendor’s bank’s wiring fee and/or the Vendor’s solicitor’s bank’s wiring fee. Without derogation from any other right or remedy of the Vendor, if such form is not complied with and a wire transfer or direct deposit is made on account of the Purchase Price, the Purchaser shall pay an additional adjustment of $150.00, plus Applicable Taxes, as an administrative fee per occurrence WEB COPY SCHEDULE "B”

Closing Funds. The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. A $150.00 plus applicable taxes administrative fee shall be charged to the Purchaser for each sum that the Vendor permits to be paid to the Vendor’s solicitor on account of the Purchase Price for the Property by wire transfer or direct deposit. All payments by wire transfer or direct deposit shall be made in strict accordance with the provisions of the Vendor’s solicitor’s wire transfer and direct deposit form, which may be amended by the Vendor’s solicitor from time to time. All payments by wire transfer must also include the Vendor’s bank’s wiring fee and/or the Vendor’s solicitor’s bank’s wiring fee. Without derogation from any other right or remedy of the Vendor, if such form is not complied with and a wire transfer or direct deposit is made on account of the Purchase Price, the Purchaser shall pay an additional adjustment of $150.00, plus Applicable Taxes, as an administrative fee per occurrence WEB COPY SCHEDULE "B”A" MILE CREEK HOMES LIMITED 30', 36' & 43' SINGLES DISTINCTIVE EXTERIOR CONSTRUCTION FEATURES ARCHITECTURALLY SELECTED

Closing Funds. The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. A $150.00 plus applicable taxes administrative fee shall be charged to the Purchaser for each sum that the Vendor permits to be paid to the Vendor’s 's solicitor on account of the Purchase Price for the Property by wire transfer or direct deposit. All payments by wire transfer or direct deposit shall be made in strict accordance with the provisions of the Vendor’s 's solicitor’s 's wire transfer and direct deposit form, which may be amended by the Vendor’s 's solicitor from time to time. All payments by wire transfer must also include the Vendor’s 's bank’s 's wiring fee and/or the Vendor’s 's solicitor’s 's bank’s 's wiring fee. Without derogation from any other right or remedy of the Vendor, if such form is not complied with and a wire transfer or direct deposit is made on account of the Purchase Price, the Purchaser shall pay an additional adjustment of $150.00, plus Applicable Taxesapplicable taxes, as an administrative fee per occurrence Talismanor Homes Limited Purchaser Initials: WEB COPY Talismanor Homes Limited Purchaser Initials: SCHEDULE "B”” The Agreement is amended to give effect to the following clauses, as they relate to the relevant Property:

Closing Funds. The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property Prope rty for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted remit xxx by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. A $150.00 plus applicable taxes administrative fee shall be charged to the Purchaser for each sum that the Vendor permits to be paid to the Vendor’s solicitor on account of the Purchase Price for the Property by wire transfer or direct deposit. All payments by wire transfer or direct deposit shall be made in strict accordance with the provisions of the Vendor’s solicitor’s wire transfer and direct deposit form, which may be amended by the Vendor’s solicitor from time to time. All payments by wire transfer must also include the Vendor’s bank’s wiring fee and/or the Vendor’s solicitor’s bank’s wiring fee. Without derogation from any other right r ight or remedy of the Vendor, if such form is not complied with and a wire transfer or direct deposit is made on account of the Purchase Price, the Purchaser shall pay an additional adjustment of $150.00, plus Applicable Taxes, as an administrative fee per occurrence Talismanor Homes Limited Purchaser Initials: WEB COPY Talismanor Homes Limited Purchaser Initials: SCHEDULE "B”” The Agreement is amended to give effect to the following clauses, as they relate to the relevant Property:

Closing Funds. The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. A $150.00 plus applicable taxes taxes, including HST, administrative fee shall be charged to the Purchaser for each sum that the Vendor permits to be paid to the Vendor’s solicitor on account of the Purchase Price for the Property by wire transfer or direct deposit. All payments by wire transfer or direct deposit shall be made in strict accordance with the provisions of the Vendor’s solicitor’s wire transfer and direct deposit form, which may be amended by the Vendor’s solicitor from time to time. All payments by wire transfer must also include the Vendor’s bank’s wiring fee and/or the Vendor’s solicitor’s bank’s wiring fee. Without derogation from any other right or remedy of the Vendor, if such form is not complied with and a wire transfer or direct deposit is made on account of the Purchase Price, the Purchaser shall pay an additional adjustment of $150.00150.00 plus applicable taxes, plus Applicable Taxesincluding HST,, as an administrative fee per occurrence WEB COPY SCHEDULE "B”

Closing Funds. The Purchaser expressly acknowledges and agrees that he or she will not be entitled to receive the transfer/deed to the Property for registration until the balance of funds due on closing, in accordance with the statement of adjustments, are either remitted by certified cheque in accordance with the Closing Direction via personal delivery or by electronic funds to the Vendor's solicitor (or in such other manner as the latter may direct) by no later than 3:00 p.m. on the closing date. A $150.00 plus applicable taxes administrative fee shall be charged to the Purchaser for each sum that the Vendor permits to be paid to the Vendor’s 's solicitor on account of the Purchase Price for the Property by wire transfer or direct deposit. All payments by wire transfer or direct deposit shall be made in strict accordance with the provisions of the Vendor’s 's solicitor’s 's wire transfer and direct deposit form, which may be amended by the Vendor’s 's solicitor from time to time. All payments by wire transfer must also include the Vendor’s 's bank’s 's wiring fee and/or the Vendor’s 's solicitor’s 's bank’s 's wiring fee. Without derogation from any other right or remedy of the Vendor, if such form is not complied with and a wire transfer or direct deposit is made on account of the Purchase Price, the Purchaser shall pay an additional adjustment of $150.00, plus Applicable Taxesapplicable taxes, as an administrative fee per occurrence Xxxxxxxxx Homes Limited Purchaser Initials: WEB COPY Xxxxxxxxx Homes Limited Purchaser Initials: SCHEDULE "B”” The Agreement is amended to give effect to the following clauses, as they relate to the relevant Property: