Common use of IMPORTANT NOTICE: Mandatory Alternative Dispute Resolution Clause in Contracts

IMPORTANT NOTICE: Mandatory Alternative Dispute Resolution. Seller and Purchaser agree to be bound by the Alternative Dispute Resolution Procedures set forth in Article 17 of the Declaration accepted by Purchaser prior to Purchaser’s execution of this Agreement as acknowledged in Section 9.c above (the “Procedures”). (Seller is referred to as “Declarant” and Purchaser as an “Owner” in the Procedures.) The Procedures shall govern all Disputes (as defined therein) between Seller and Purchaser in the manner set forth in the Procedures, which Purchaser acknowledges and agrees contains, among other matters, the requirement of binding arbitration. Initials: Purchaser Seller

IMPORTANT NOTICE: Mandatory Alternative Dispute Resolution. Seller and Purchaser agree to be bound by the Alternative Dispute Resolution Procedures set forth in Article 17 16 of the Declaration Declaration, which Purchaser has reviewed and accepted by Purchaser prior pursuant to Purchaser’s execution of this Agreement as acknowledged in Section 9.c above (the “Procedures”). (Seller is referred to as “Declarant” and Purchaser as an “Owner” in the Procedures.) The Procedures shall govern all Disputes (as defined therein) between Seller and Purchaser in the manner set forth in the Procedures, which Purchaser acknowledges and agrees contains, among other matters, the requirement of binding arbitration. Initials: Purchaser Seller

IMPORTANT NOTICE: Mandatory Alternative Dispute Resolution. Seller and Purchaser agree to be bound by the Alternative Dispute Resolution Procedures set forth in Article 17 of the Declaration Declaration, which Purchaser has reviewed and accepted by Purchaser prior pursuant to Purchaser’s execution of this Agreement as acknowledged in Section 9.c above (the “Procedures”). (Seller is referred to as “Declarant” and Purchaser as an “Owner” in the Procedures.) The Procedures shall govern all Disputes (as defined therein) between Seller and Purchaser in the manner set forth in the Procedures, which Purchaser acknowledges and agrees contains, among other matters, the requirement of binding arbitration. Initials: Purchaser Seller