Common use of Purchaser’s Termination Period Clause in Contracts

Purchaser’s Termination Period. If the purchase of the home is not completed by the Outside Closing Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation and to a full refund of all monies paid plus interest (see sections 7, 10 and 11 of the Addendum). Acknowledged this 10th day of October, 2019. Freehold Tentative - 2012 1 of 11 This addendum, including the accompanying Statement of Critical Dates (the “Addendum”), forms part of the agreement of purchase and sale (the “Purchase Agreement”) between the Vendor and the Purchaser relating to the Property. This Addendum is to be used for a transaction where the home purchase is in substance a purchase of freehold land and residential dwelling. This Addendum contains important provisions that are part of the delayed closing warranty provided by the Vendor in accordance with the Ontario New Home Warranties Plan Act (the “ONHWP Act”). If there are any differences between the provisions in the Addendum and the Purchase Agreement, then the Addendum provisions shall prevail. PRIOR TO SIGNING THE PURCHASE AGREEMENT OR ANY AMENDMENT TO IT, THE PURCHASER SHOULD SEEK ADVICE FROM A LAWYER WITH RESPECT TO THE PURCHASE AGREEMENT OR AMENDING AGREEMENT, THE ADDENDUM AND THE DELAYED CLOSING WARRANTY. Tarion recommends that Purchasers register on Tarion’s MyHome on-line portal and visit Tarion’s website - ▇▇▇▇▇▇.▇▇▇, to better understand their rights and obligations under the statutory warranties. The Vendor shall complete all blanks set out below. VENDOR Overlay Community Homes Inc. Full Name(s) 46952 ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Registration Number Address (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone City Province Postal (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Fax Email* PURCHASER ▇▇▇▇ DASAMPLE Full Name(s) ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Address Bus.: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone City Province Postal Res.: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ Phone Email* PROPERTY DESCRIPTION Sample Street Municipal Address Oakville Ontario City Province Postal Code Lot: 999 Plan: Region: Halton Region Short Legal Description Number of Homes in the Freehold Project (if applicable - see Schedule A) INFORMATION REGARDING THE PROPERTY The Vendor confirms that: (a) The Property is within a plan of subdivision or a proposed plan of subdivision. I Yes ¡ No If yes, the plan of subdivision is registered. ¡ Yes I No If the plan of subdivision is not registered, approval of the draft plan of subdivision has been given. I Yes ¡ No (b) The Vendor has received confirmation from the relevant government authorities that there is sufficient: (i) water capacity, and (ii) sewage capacity to service the Property. I Yes ¡ No If yes, the nature of the confirmation is as follows: Municipally serviced, per Develeoper and Consulting Engineer. If the availability of water and sewage capacity is uncertain, the issues to be resolved are as follows: (c) A building permit has been issued with respect to the Property. ¡ Yes I No (d) Commencement of Construction: ¡ has occurred;or ¡ is expected to occur by the day of , 20 _. The Vendor shall give written notice to the Purchaser within 10 days after the actual date of Commencement of Construction. *Note: Since important notices will be sent to this address, it is essential that you ensure that a reliable email address is provided and that your computer settings permit receipt of notices from the other party. Freehold Tentative - 2012 2 of 11 1. Setting Tentative Closing Dates and the Firm Closing Date

Purchaser’s Termination Period. If the purchase of the home is not completed by the Outside Closing Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: the 26th day of July, 2023. the 23rd day of November, 2023. the 22nd day of March, 2024. the 22nd day of November, 2024. the 27th day of April, 2023. the 25th day of August, 2023. the 23rd day of December, 2024. If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation and to a full refund of all monies paid plus interest (see sections 7, 10 and 11 of the Addendum). Acknowledged this 10th day of October, 201920 . Freehold Tentative - 2012 1 of 11 VENDOR: PURCHASER: _ _ _ _ This addendum, including the accompanying Statement of Critical Dates (the “Addendum”), forms part of the agreement of purchase and sale (the “Purchase Agreement”) between the Vendor and the Purchaser relating to the Property. This Addendum is to be used for a transaction where the home purchase is in substance a purchase of freehold land and residential dwelling. This Addendum contains important provisions that are part of the delayed closing warranty provided by the Vendor in accordance with the Ontario New Home Warranties Plan Act (the “ONHWP Act”). If there are any differences between the provisions in the Addendum and the Purchase Agreement, then the Addendum provisions shall prevail. PRIOR TO SIGNING THE PURCHASE AGREEMENT OR ANY AMENDMENT TO IT, THE PURCHASER SHOULD SEEK ADVICE FROM A LAWYER WITH RESPECT TO THE PURCHASE AGREEMENT OR AMENDING AGREEMENT, THE ADDENDUM AND THE DELAYED CLOSING WARRANTY. Tarion ▇▇▇▇▇▇ recommends that Purchasers register on Tarion▇▇▇▇▇▇’s MyHome on-line portal and visit Tarion’s website - ▇▇▇▇▇▇.▇▇▇, to better understand their rights and obligations under the statutory warranties. The Vendor shall complete all blanks set out below. VENDOR Overlay Community Homes Inc. – Full Name(s) 46952 ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Registration HCRA Licence Number Address (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone City Province Postal (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Code Fax Email* PURCHASER ▇▇▇▇ DASAMPLE Full Name(s) ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Address Bus.: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone City Province Postal Res.: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ Phone Email* PROPERTY DESCRIPTION Sample Street Municipal Address Oakville Ontario City Province Postal Code Lot: 999 Plan: Region: Halton Region REVIEW ONLY Phone Fax Email* Municipal Address City Province Postal Code Short Legal Description Number of Homes in the Freehold Project (if applicable - – see Schedule A) INFORMATION REGARDING THE PROPERTY The Vendor confirms that: : (a) The Property is within a plan of subdivision or a proposed plan of subdivision. I Yes ¡ No If yes, the plan of subdivision is registered. ¡ Yes I No If the plan of subdivision is not registered, approval of the draft plan of subdivision has been given. I Yes ¡ No . (b) The Vendor has received confirmation from the relevant government authorities that there is sufficient: : (i) water capacity, ; and (ii) sewage capacity to service the Property. I ⭘ Yes ¡ ⭘ No ⭘ Yes ⭘ No ⭘ Yes ⭘ No ⭘ Yes ⭘ No If yes, the nature of the confirmation is as follows: Municipally serviced, per Develeoper and Consulting Engineer. _ _ _ If the availability of water and sewage capacity is uncertain, the issues to be resolved are as follows: : (c) A building permit has been issued with respect to for the Property. ¡ ⭘ Yes I No (d) Commencement of Construction: ¡ has occurred;or ¡ is expected to occur by the day of , 20 _. The Vendor shall give written notice to the Purchaser within 10 days after the actual date of Commencement of Construction. *Note: Since important notices will be sent to this address, it is essential that you ensure that a reliable email address is provided and that your computer settings permit receipt of notices from the other party. Freehold Tentative - 2012 2 of 11 1. Setting Tentative Closing Dates and the Firm Closing Date⭘No

Purchaser’s Termination Period. If the purchase of the home is not completed by the Outside Closing Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation and to a full refund of all monies paid plus interest (see sections 7, 10 and 11 of the Addendum). the 22 day of November , 2022 . the 22 day of March , 2023 . the 20 day of July , 2023 . the 21 day of March , 2024 . the 24 day of August , 2022 the 22 day of December , 2022 . the 22 day of April , 2024 . Acknowledged this 10th 28 day of OctoberOctober , 20192020 . Freehold Tentative VENDOR: PURCHASER: ▇▇▇▇ ▇▇▇▇▇ FREEHOLD TENTATIVE - 2012 Page 1 of 11 12 This addendum, including the accompanying Statement of Critical Dates (the “Addendum”), forms part of the agreement of purchase and sale (the “Purchase Agreement”) between the Vendor and the Purchaser relating to the Property. This Addendum is to be used for a transaction where the home purchase is in substance a purchase of freehold land and residential dwelling. This Addendum contains important provisions that are part of the delayed closing warranty provided by the Vendor in accordance with the Ontario New Home Warranties Plan Act (the “ONHWP Act”). If there are any differences between the provisions in the Addendum and the Purchase Agreement, then the Addendum provisions shall prevail. PRIOR TO SIGNING THE PURCHASE AGREEMENT OR ANY AMENDMENT TO IT, THE PURCHASER SHOULD SEEK ADVICE FROM A LAWYER WITH RESPECT TO THE PURCHASE AGREEMENT OR AMENDING AGREEMENT, THE ADDENDUM AND THE DELAYED CLOSING WARRANTY. Tarion recommends that Purchasers register on Tarion’s MyHome on-line portal and visit Tarion’s website - – Country Wide Homes (Caledon) Inc Full Name(s) ▇▇▇▇▇▇.▇▇▇, to better understand their rights and obligations under the statutory warranties. The Vendor shall complete all blanks set out below. VENDOR Overlay Community Homes Inc. Full Name(s) 46952 ▇ Registration Number Phone Address PURCHASER ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Registration Number Address (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone City Province Postal (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Fax Email* PURCHASER ▇▇▇▇ DASAMPLE Full Name(s) ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ONTARIO L4S211 Address Bus.: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone City Province Postal Res.: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ Phone Email* PROPERTY DESCRIPTION Sample Street Municipal Address Oakville Ontario City Province Postal Code Phone Fax Email* Caledon East Ontario N/A City Lot: 999 Plan: Region: Halton Region 106B Province Postal Code Short Legal Description Number of Homes in the Freehold Project (if applicable - – see Schedule A) INFORMATION REGARDING THE PROPERTY The Vendor confirms that: : (a) The Property is within a plan of subdivision or a proposed plan of subdivision. I Yes ¡ No If yes, the plan of subdivision is registered. ¡ Yes I No If the plan of subdivision is not registered, approval of the draft plan of subdivision has been given. I Yes ¡ No . (b) The Vendor has received confirmation from the relevant government authorities that there is sufficient: : (i) water capacity, ; and (ii) sewage capacity to service the Property. I Yes ¡ No Yes No Yes No Yes No Yes No If yes, the nature of the confirmation is as follows: Municipally serviced, As per Develeoper and Consulting Engineer. confirmation from the developer If the availability of water and sewage capacity is uncertain, the issues to be resolved are as follows: : (c) A building permit has been issued with respect to for the Property. ¡  Yes I No No (d) Commencement of Construction: ¡  has occurred;or ¡ occurred; or  is expected to occur by the 22 day of December , 20 _. 2022 The Vendor shall give written notice to the Purchaser within 10 days after the actual date of Commencement of Construction. *Note: Since important notices will be sent to this address, it is essential that you ensure that a reliable email address is provided and that your computer settings permit receipt of notices from the other party. Freehold Tentative FREEHOLD TENTATIVE - 2012 Page 2 of 1112 Vendor Initials Purchaser Initials 1. Setting Tentative Closing Dates and the Firm Closing Date

Purchaser’s Termination Period. If the purchase of the home is not completed by the Outside Closing Date, then the Purchaser can terminate the transaction during a period of 30 days thereafter (the “Purchaser’s Termination Period”), which period, unless extended by mutual agreement, will end on: the 3rd day of October, 2024. the 31st day of January, 2025. the 2nd day of June, 2025. the 2nd day of February, 2026. the 5th day of July, 2024. the 1st day of November, 2024. the 4th day of March, 2026. If the Purchaser terminates the transaction during the Purchaser’s Termination Period, then the Purchaser is entitled to delayed closing compensation c losingcompensation and to a full refund of all monies paid plus interest (see sections 7, 10 10and 1 1of the Addendum). Note : Anytime a Critical Date is set or changed as permitted in the Addendum, other Critical Dates may change as well. At any given time the parties must refer to: the most recent revised Statement of Critical Dates; or agreement or written notice that sets a Critical Date, and 11 of calculate revised Critical Dates using the formulas contained in the Addendum. Critical Dates can also change if there are unavoidable delays (see section 5of the Addendum). Acknowledged this 10th day of October, 201920 . Freehold Tentative - 2012 1 of 11 VENDOR: PURCHASER: _ _ _ _ This addendum, including the accompanying Statement of Critical Dates (the “Addendum”), forms part of the agreement of purchase and sale (the “Purchase Agreement”) between the Vendor and the Purchaser relating to the Property. This Addendum is to be used for a transaction where the home purchase is in substance a purchase of freehold land and residential dwelling. This Addendum contains important provisions that are part of the delayed closing warranty provided by the Vendor in accordance with the Ontario New Home Warranties Plan Act (the “ONHWP Act”). If there are any differences between the provisions in the Addendum and the Purchase Agreement, then the Addendum provisions shall prevail. PRIOR TO SIGNING THE PURCHASE AGREEMENT OR ANY AMENDMENT TO IT, THE PURCHASER SHOULD SEEK ADVICE FROM A LAWYER WITH RESPECT TO THE PURCHASE AGREEMENT OR AMENDING AGREEMENT, THE ADDENDUM AND THE DELAYED CLOSING WARRANTY. Tarion ▇▇▇▇▇▇ recommends that Purchasers register on Tarion▇▇▇▇▇▇’s MyHome on-line portal and visit Tarion’s website - ▇▇▇▇▇▇.▇▇▇, to better understand their rights and obligations under the statutory warranties– REMINGTON WATERSAND INC. The Vendor shall complete all blanks set out below. VENDOR Overlay Community Homes Inc. Full Name(s) 46952 B62688 ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Registration , Unit 100 HCRA Licence Number Address (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone City Province Postal (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Fax Email* PURCHASER ▇▇▇▇ DASAMPLE Full Name(s) ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Address Bus.: (▇▇▇) , ON, L4K 1Y2 Phone City Province Postal Code ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ Phone City Province Postal Res.: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ Phone Fax Email* PROPERTY DESCRIPTION Sample Street Municipal Full Name(s) Address Oakville Ontario City Province Postal Code Lot: 999 Plan: Region: Halton Region Phone Fax Email* Municipal Address Barrie, ON City Province Postal Code Short Legal Description Number of Homes in the Freehold Project (if applicable - – see Schedule A) INFORMATION REGARDING THE PROPERTY The Vendor confirms that: : (a) The Property is within a plan of subdivision or a proposed plan of subdivision. I Yes ¡ No If yes, the plan of subdivision is registered. ¡ Yes I No If the plan of subdivision is not registered, approval of the draft plan of subdivision has been given. I Yes ¡ No . (b) The Vendor has received confirmation from the relevant government authorities that there is sufficient: : (i) water capacity, ; and (ii) sewage capacity to service the Property. I ⭘ Yes ¡ ⭘ No ⭘ Yes ⭘ No ⭘ Yes ⭘ No ⭘ Yes ⭘ No If yes, the nature of the confirmation is as follows: Municipally serviced, per Develeoper clearance from Engineering Dpt received for final approval and Consulting Engineer. registration based o_n capacity requirements bein_g met _ If the availability of water and sewage capacity is uncertain, the issues to be resolved are as follows: : (c) A building permit has been issued with respect to for the Property. ¡ ⭘ Yes I No (d) Commencement of Construction: ¡ has occurred;or ¡ is expected to occur by the day of , 20 _. The Vendor shall give written notice to the Purchaser within 10 days after the actual date of Commencement of Construction. *Note: Since important notices will be sent to this address, it is essential that you ensure that a reliable email address is provided and that your computer settings permit receipt of notices from the other party. Freehold Tentative - 2012 2 of 11 1. Setting Tentative Closing Dates and the Firm Closing Date⭘No