NOTICE TO PURCHASER

(RIGHT OF CANCELLATION)

By signing this unit sales agreement you are incurring a contractual obligation to purchase an interest in a condominium. However, you have the right to cancel this agreement for any reason for five (5) business days (excluding Saturdays and holidays) after whichever of the following is last to occur:

1. Signing by the purchaser of the unit sales agreement;

2. Signing by the purchaser of the receipt for the disclosure statement, if any; or

3. Signing by the purchaser of the receipt for a copy of the condominium declaration and bylaws and any amendments or supplements thereto affecting the unit.

To cancel this agreement, you must give written notice to the developer or the agent of the developer at the following address:

[SELLER ENTITY]

[SELLER ADDRESS LINE 1]

[CITY], [STATE] [ZIP]

Attn: [SELLER CONTACT]

(Suggested Procedure)

Before executing this agreement, or before the cancellation period ends, you should do the following:

4. Carefully examine the disclosure statement, if any, issued by the real estate commissioner on the condominium and all accompanying information delivered by the developer. Oregon law requires the developer to deliver to you a copy of the declaration and bylaws of the condominium and any supplements and amendments thereto affecting the unit prior to the time the unit sales agreement is fully executed by all parties. A copy of the declaration and bylaws, and any supplements and amendments thereto, are available from the association for examination and duplication, at a reasonable fee, upon your written request.