DocuSign Envelope ID: 8BF0B6A4-4412-4EEB-9739-35269BBB9FD9

CCB Recommended Contract Addendum to Satisfy Contract Terms Requirement

OAR 812-012-0110

1. Explanation of Property Owner's Rights

a. Consumers have the right to receive the products and services agreed to in the contract.b. Consumers have the right to resolve disputes through means outlined in the contract.c. Consumers have the right to file a complaint with the CCB. Any arbitration or mediation clauses in the contract

may prevent the CCB from processing.

2. Arbitration/Mediation Clause

a. An "arbitration or mediation clause" is a written portion of a contract designed to settle how the parties willsolve disputes that may arise during, or after the construction project. Arbitration clauses are very important.They may limit a consumer's ability to have their dispute resolved by the Oregon court system or the OregonConstruction Contractors Board.

b. The following box should be checked by the contractor:

� This contract contains an arbitration or mediation clause.

D This contract DOES NOT contain an arbitration or mediation clause.

c. The Oregon Construction Contractors Board urges consumers to read and understand the entire contract -including any arbitration clause before signing a construction contract. Consumers are not obligated to acceptcontract terms proposed by the contractor, including arbitration provisions. These may be negotiated to thesatisfaction of both parties.

3, Offer of Written Warranty (New Residential Structure Only) Purchaser acknowledges the contractor has offered warranty against defects in materials and workmanship to the purchaser. Purchaser has O accepted or O rejected the offer of a warranty, (see appendix_ in contract.)

____ purchaser ___ dale <<<<Check 1 box initial/date" ' '

Signature

Consumer Signature

Contract Terms Addendum 1-1-lO

sign/date below

Date

Date

DocuSign Envelope ID: 8BF0B6A4-4412-4EEB-9739-35269BBB9FD9

Steps That Consumers Can Take to Protect Themselves

• Contact the Construction Contractors Board (CCB) and confirm that your contractor islicensed. The law requires all construction contractors to be licensed with the CCB. Check acontractor's license online at the CCB consumer website: www.oregon.gov/ccb, or you can call503-378-4621.

• Review the Consumer Protection Notice (ORS 701.330(1 )), which your contractor must provideto you at the time of contract on a residential structure.

• Consider using the services of an escrow agent to protect your interests. Consult your attorneyto find out whether your escrow agent will protect you against liens when making payments.

• Contact a title company about obtaining a title policy that will protect you from constructionlien claims.

• Find out what precautions, if any, will be taken by your contractor, lending institution, andarchitect to protect your project from construction liens.

• Ask the contractor to get lien waivers or lien releases from every subcontractor, materials pro­vider, equipment provider, and anyone else the contractor is responsible for paying. Do this beforeyou give your contractor a progress payment.

• Have a written contract with your contractor. A written contract is required for projects greaterthan $2,000. An original contractor that fails to provide a written contract as required by law, maynot place a construction lien against the owner's property.

• If you receive a Notice of Right to Lien, ask for a statement of the reasonable value of thematerials, labor, equipment, or services provided to your project from everyone who sends youa Notice of Right to Lien. If the information is not provided in a timely manner, the sender of theNotice of Right to Lien may still be able to file a construction lien, but will not be entitled to attorneyfees.

• When you pay your contractor, write checks made jointly payable to the contractor,subcontractors, materials, equipment, or services providers. The checks name both thecontractor and the subcontractor, materials or equipment provider. The checks can only be cashedif both the contractor and the subcontractor, materials or equipment provider endorses it. Be awarethat many banks will not accept checks made payable to multiple parties unless each party appearsat the bank with government-issued identification at the time of deposit. Your contractor may wish tocheck with its bank and advise whether this is an option.

• Should you have a dispute with your contractor, you may be able to file a complaint with theCCB and be reimbursed in whole or in part from the contractor's bond. For more details about helpavailable through the agency, write to the CCB at PO Box 14140, Salem, OR 97309-5052 or call503-378-4621.

• Consult an attorney. If you do not have an attorney, consider contacting the Oregon State BarReferral Service at 503-684-3763 or 1-800-452-7636.

Signing this Information Notice verifies only that you have received it. Your signature does not give your contractor or those

who provide material, labor, equipment, or services, any additional rights to place a lien on your property.

Job Site Address: _________________________________ _

CONTRACTOR: CCB#: _1�5:....4

:....;1c..::8

:....:4

c__ ___ _

Chad E. Davis Construction, LLC Print Name (as it appears on contract)

PROPERTY OWNER: _________ _

l{DocuSigned by:

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f:information_notice_liens.adopted 9-16

Print Name (as it appears on contract)

Date Signature

Date

Fill out completely/ Buyer signature page

Consumer Protection Notice Actions to help make your project successful

(ORS701.330(1))

Oregon law requires contractors to provide the homeowner with this notice at the time of written contract, for work on a residential structure. This notice explains licensing , bond and insurance requirements, and steps that consumers can take to help protect their interests.

START OUT YOUR PROJECT RIGHT

1. Make sure your contractor is properly licensed before you sign a contract. Visit www.oregon.gov/ccb.and click on the link, Check on a Contractor's License, or call our offices at 503-378-4621. To belicensed in Oregon, contractors must take training and pass a test on business practices and law. Licens­ing is not a guarantee of the contractor's work.

• A license requires the contractor to maintain a surety bond and liability insurance -The CCB surety bond provides a limited amount of financial security if the contractor is ordered topay damages in contract disputes. It is not intended to be a safety net for consumer damages.Consumers with large projects may wish to look into performance bonds. Liability insurancecoverage provides for property damage and bodily injury caused by the contractor. It does notcover contract disputes, including poor workmanship.

• If your contractor is not licensed - the CCB bond and dispute resolution services will not beavailable to you.

2. What you should know about bids, contracts, and change orders:• Bids - Do not automatically accept the lowest bid - A low bid may make it necessary for the con­

tractor to use lower quality materials and to cut corners in workmanship.

• Contracts and Change Orders - Always get it in writing. Your contractor is required to providea written contract if the contract price is more than $2000. The CCB recommends that all con­tracts be in writing.

• Contracts should be as detailed as possible - Some items to include are materials and costs,permits, estimated start and completion dates, debris removal, and arbitration clauses. Makesure the contractor's name, CCB number, and contact information is included in the contract.

• Read and understand your contract before signing it- Don't be pressured into signing yourcontract without taking the time needed to go through it. Make sure it includes enough detailsto avoid misunderstandings and to protect you and your property.

3. Additional contract information you should know:• A Payment Schedule - should be included in the contract. Stick to the schedule and never pay

in full for a project before the work is complete.

• Special Note on Liens - Subcontractors and material suppliers that work on your project are oftenpaid by the general contractor. If a general contractor fails to pay, the subcontractor may file a lienon your property. For information on construction liens, visit the CCB's Consumer Help Page atwww.oregon.gov/ccb, or contact an attorney.

• Warranty on new residential construction - Contractors must make an offer of a warranty whenconstructing a new residential structure. Consumers may accept or refuse the warranty.

4. If you should have a problem with your contractor - You can file a complaint with the CCB againsta licensed contractor within one year of the substantial completion of work on your project. Contactthe CCB office at 503-378-4621 for help.

Visit the CCB website at for more information on having a successful project. www.oregon.gov/ccb

CONTRACTOR: CCB#: __,_1_.,5_J_4_J_1 .,,8_,_4 ____ _ PROPERTY OWNER:

Date Signature Date

f:CPN 4-26-2011 Buyer's signature page

DocuSign Envelope ID: 88F086A4-4412-4EEB-9739-352698889FD9

Notice of Procedure

Regarding Residential Construction Arbitrations and Lawsuits

(ORS 701.330)

Oregon law contains important requirements that homeowners must follow before starting an arbitration or court action against any contractor, subcontractor, or supplier (materials or equipment) for construction defects.

Before you start an arbitration or court action, you must do the following:

1. Deliver a written notice of any conditions that you believe are defective to thecontractor, subcontractor, or supplier that you believe is responsible for thealleged defect.

2. Allow the contractor, subcontractor, supplier, or its agent, to visually inspect thepossible defects and also allow the contractor, subcontractor, or supplier to doreasonable testing.

3. Provide the contractor, subcontractor, supplier, or its agent, the opportunity tomake an offer to repair or pay for the defects. You are not obligated to acceptany offer made.

There are strict procedures and deadlines that must be followed under Oregon law. Failure to follow those procedures or meet those deadlines will affect your right to start an arbitration or court action.

You should contact an attorney for information on the procedures and deadlines required under Oregon law.

Your contractor is supplying this notice to you as required by Oregon law.

CONTRACTOR: CCB#: 154184

Chad E. Davis Construction , LLC Print Contractor Name (as it appears on contract)

DocuSlgned by:

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f:noticeofprocedure/adopted 12-04-07

HOMEOWNER:

Print Homeowner Name (as it appears on contract)

Signature Date

Fill out completely/ Buyer signature page

DocuSign Envelope ID: 5FCB9601-9833-4802-9F39-72CEA7445490

Notice of Compliance with the Homebuyer Protection Act (HPA)(ORS 87.007)

In compliance with Oregon law, the below mentioned Seller has selected to comply with the requirements of ORS 87 007

1. ADDRESS or DESCRIPTION OF PROPERTYAddress or Location City, State Zip Code

2. DATE OF PURCHASE (CHOOSE ONE)

A. □ ORS 87.007 (which includes the provisions listed in part B of this form) does not apply to the sale of the abovedescribed Property.

8.12'! ORS 87.007 applies to the sale of the above described Property. (check which� applies):

Seller complied with ORS 87.007(2) by

1. � Title Insurance as provided for in ORS 87.007(2)(a).

2. □ Retained in Escrow not less than 25 percent of the sale price as provided for in ORS 87.007(2)(b).

3. □ Bond or Letter of Credit as provided for in ORS 87.007(2)(c),

4. □ Written Waivers received from every person claiming a lien as provided for in ORS 87.007(2)(d),

5. □ Completed Sale After the Deadline for perfecting liens as provided for in ORS 87.007(2)(e).

3. SELLER INFORMATIONCompany Name (if applicable)

Chad E. Davis Construction, LLC

Agent of Company or Individual Seller

Chad E. Davis Title of Company Agent (if applicable)

Managing Member

Signature

DFC62CD58013433,..

4. BUYER INFORMATIONBuyer Name

Agent of Company or Individual Buyer

Title of Company Agent (if applicable)

Signature

F/HPAform2 12"1�2010

Date

Date

Fill out completely/ Buyer signature page

X

X

X

X

TriStar Properties

Hardi Plank

Robert Bass

X

X

Siding is covered by warranty.

X