Co-Op Purchase Agreement

CO-OP PURCHASE AGREEMENT

This Co-Op Purchase Agreement ("Agreement") is entered into between the undersigned parties on the date of mutual execution set forth below.

Parties

Seller Name:

Purchaser Name:

Date of Agreement:

Property Identification

Purchase Terms

Cooperative Charges and Adjustments

Adjustments at closing shall be prorated between Seller and Purchaser as of the Closing Date for common charges, utilities, real estate taxes (if applicable), and other customary items.

Cooperative Approval and Deliveries

Board Approval Required: Yes No

Seller shall deliver at or before closing the stock certificate, endorsed proprietary lease (if applicable), estoppel letter, and any board approvals required for transfer.

Disclosures

Lead-Based Paint Disclosure: Yes No

Known Water Intrusion / Mold / Structural Damage: Yes No

Other Material Disclosures (as required by law or known to Seller):

Representations, Warranties, and Covenants

Seller represents and warrants that Seller is the lawful owner of the shares and proprietary lease (if any) described herein, that the shares are free of undisclosed liens and encumbrances except as disclosed in writing, and that Seller has full authority to transfer such shares and rights. Purchaser represents that Purchaser has the authority to enter into this Agreement and will comply with cooperative rules and application requirements.

Seller discloses outstanding liens or judgments: Yes No

Default, Remedies and Indemnity

If Purchaser defaults, Seller shall have the right to retain the earnest money as liquidated damages, seek specific performance or pursue other remedies available at law or equity. If Seller defaults, Purchaser may elect to receive return of deposits or pursue specific performance and recover reasonable attorneys' fees and costs incurred in enforcing this Agreement to the extent permitted by law. Each party shall indemnify the other against losses arising from breaches of representations made herein.

Escrow, Deposit and Closing Costs

Allocation of closing costs shall be as follows: customary cooperative transfer fees and any flip taxes shall be paid by . Broker commissions shall be paid by unless otherwise agreed in writing.

Notices

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth below (or to such other address as either party designates in writing).

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the state where the Cooperative is located. This Agreement, including all schedules and attachments executed by the parties, constitutes the entire agreement between the parties and supersedes all prior oral or written agreements relating to the subject matter hereof. No amendment shall be binding unless in writing and executed by both parties.

Miscellaneous Provisions

Assignment: Purchaser may not assign its rights under this Agreement without the prior written consent of Seller and the Cooperative board where applicable. Survival: Representations and obligations of the parties that by their nature should survive the Closing shall survive the Closing for the statutory period.

Additional Terms and Acknowledgements

The parties acknowledge that consummation of this transaction is contingent upon timely cooperative board approval, delivery of required documentation, and satisfaction of any financing contingency. The parties further acknowledge that the Board of the Cooperative may impose additional requirements for transfer and occupancy that the parties agree to satisfy as a condition of closing.

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