EMPLOYEE DISCLOSURE

Date: ______________________
March 15, 2023 
This disclosure has been provided by: Landa (TH) Limited Partnership (the “Vendor”)

To: ______________________________________________________________
Shahla  Haghi Tabrizi 

_____________________________________________________ (collectively, the “Prospective Purchaser”)

RE: The proposed development known as “Lucent” (the “Development”) to be constructed on a portion of lands
in Surrey, B.C. presently legally described as PID: 030-685-265, LOT 2 SECTION 22 BLOCK 5 NORTH
RANGE 2 WEST NEW WESTMINSTER DISTRICT PLAN EPP85947

The undersigned hereby agree, for good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged
by the parties), as follows:

1. As noted on the first page of the Disclosure Statement for the Development, in addition to the Real Estate Brokerage
(being Key Marketing Inc.) representing the Vendor with respect to the marketing of strata lots in the Development (the
“Strata Lots”), the Vendor reserves the right to use its own employees or the employees of a company related to the
Vendor to market the Strata Lots. The Vendor has elected to use a team of both individuals licensed under the Real Estate
Services Act (British Columbia) and unlicensed employees to market the Development.

2. With respect to the Development:

• Ze Ming (Jimmy) Hu
• Curtis Lam

(collectively, the “Salespeople”) are salespeople employed by the Vendor, being the developer of the Development, or a
company related to the Vendor.

3. The Salespeople are not licensed under the Real Estate Services Act (British Columbia).

4. The Salespeople are acting on behalf of the Vendor only and are not acting on behalf of the Prospective Purchaser.

5. The Vendor and the Salespeople are hereby disclosing to the Prospective Purchaser the information contained in Sections
1 to 4 above (inclusive) before the Prospective Purchaser and Vendor enter into any agreement for the purchase of any
Strata Lot. The Prospective Purchaser acknowledges that, while acting as an employee of the Vendor, the Salespeople
may assist the Prospective Purchaser in the following areas: (i) preparation of the Offer; (ii) answering the Prospective
Purchaser’s questions with respect to the Offer; and (iii) presenting the Offer to the Vendor. Notwithstanding the
foregoing, the Prospective Purchaser acknowledges and agrees that it does not have any agency relationship with the
Salespeople or the Vendor (or any other employees thereof).

This Disclosure may be executed in several parts of the same form and such parts when taken and read together shall be construed
as if all the signing parties hereto have executed one copy of this Disclosure. Delivery of this Disclosure may be made by email in
PDF format and when so delivered shall be as effective as if delivered and received personally.

Signed:

X________________________________ X ________________________________
(Witness) (Prospective Purchaser) Shahla  Haghi Tabrizi  

X________________________________ X ________________________________
(Witness) (Prospective Purchaser)

LANDA (TH) LIMITED PARTNERSHIP,

by its general partner LANDA (TH) GP LTD.

Per: ________________________________
(Authorized Signatory)

40121.162339.ATB.22601663.1
 DISCLOSURE STATEMENT
Real Estate Development Marketing Act of British Columbia

LUCENT
Date of Disclosure Statement: January 18, 2023

Developer

Name: Landa (TH) Limited Partnership (the “Partnership”),

Landa (TH) GP Ltd. (the “General Partner”) and
Landa (TH) Holdings Ltd. (the “Registered Owner”
and together with the Partnership and the General
Partner, the “Developer)

Address for service and business address (for all 1550 - 200 Burrard Street
entities comprising the Developer) : Vancouver, British Columbia, V6C 3L6

Real Estate Brokerages: Key Marketing Inc.

5th Floor – 195 Alexander Street
Vancouver, British Columbia V6A 1B8

YouLive Realty
208 – 7080 River Road
Richmond, BC V6X 1X5

Regent Park Realty Inc.

306 – 2309 West 41st Avenue
Vancouver, BC V6M 2A3

In addition to using the above brokerages to market the Strata Lots (as defined in Section 2.1), the Developer reserves
the right to use its own employees or the employees of a company related to the Developer to market the Strata Lots.
Any such employees of the Developer who market the Strata Lots on behalf of the Developer may or may not be
licensed under the Real Estate Services Act (British Columbia) and are not acting on behalf of the purchasers of such
Strata Lots. The Developer also reserves the right to employ or use replacement real estate agents licensed under the
Real Estate Services Act (British Columbia) to market the Development (as defined in Section 2.1).

This Disclosure Statement relates to a development property that is not yet completed. Please refer
to Section 7.2 for information on the offer to purchase and agreement of purchase and sale. That Purchaser
information has been drawn to the attention of __________________________
Shahla  Haghi Tabrizi  [insert purchaser’s
name(s)], who has confirmed that fact by initialling in the space provided here:
Purchaser

Disclaimer
This Disclosure Statement has been filed with the Superintendent of Real Estate, but neither the
Superintendent, nor any other authority of the government of the Province of British Columbia, has
determined the merits of any statement contained in the Disclosure Statement, or whether the Disclosure
Statement contains a misrepresentation or otherwise fails to comply with the requirements of the Real Estate
Development Marketing Act. It is the responsibility of the developer to disclose plainly all material facts,
without misrepresentation.

40121.162339.ATB.21940948.5
Strata Lot # _____
363  Original DS

PRE-CONTRACT ACKNOWLEDGEMENT AND CONSENT

TO: LANDA (TH) LIMITED PARTNERSHIP (the “Developer”) and Lawson Lundell LLP
DATE: _________________________________
March 15, 2023 

The undersigned prospective purchaser(s) (collectively, the “Purchaser”) of proposed Strata Lot # __________
363  in the
development known as “LUCENT” (the “Development”) to be constructed on certain lands in Surrey, B.C. presently
legally described as PID: 030-685-265, LOT 2 SECTION 22 BLOCK 5 NORTH RANGE 2 WEST NEW
WESTMINSTER DISTRICT PLAN EPP85947, hereby acknowledge(s) and agree(s) that:

(a) the Purchaser has been provided with a copy of the disclosure statement for the Development dated January 18, 2023,
including all amendments thereto, if any, filed up to the date of this Pre-Contract Acknowledgement and Consent
(collectively, the “Disclosure Statement”), and was afforded a reasonable opportunity to read the Disclosure
Statement, all as required under the Real Estate Development Marketing Act (B.C.);

(b) the Purchaser HEREBY CONSENTS to the delivery by electronic means of the Disclosure Statement, and any
subsequent amendments to the Disclosure Statement, to the e-mail address(es) provided below or such other e-mail
address(es) as may be provided by the Purchaser for notice purposes in any agreement of purchase and sale entered
into between the Developer and the Purchaser with respect to a strata lot in the Development;

(c) the sales representatives of the Developer have disclosed to the Purchaser that such sales representatives are: (i)
either (A) licensees of Key Marketing Inc., YouLive Realty or Regent Park Realty Inc.; or (B) employees of the
Developer or a company related to the Developer; (ii) may or may not be licensed under the Real Estate Services Act
(British Columbia); and (iii) are acting on behalf of the Developer or a company related to the Developer, and not on
behalf of the Purchaser; and

(d) the Disclosure Statement relates to a development property that is not yet completed. Please refer to section 7.2 of
the Disclosure Statement for information on the purchase agreement. That information has been drawn to the attention
of the undersigned Purchaser who has confirmed that fact by initialling in the space provided here:

Purchaser Initials

This Pre-Contract Acknowledgement and Consent may be delivered by electronic means.

Shahla  Haghi Tabrizi  
Witness Purchaser’s Name

shahlatabrizi@yahoo.com 
Purchaser’s E-mail Address

Purchaser’s Signature

Witness Purchaser’s Name

Purchaser’s E-mail Address

Purchaser’s Signature

40121.162339.ATB.21889425.2
 LUCENT – PSA
363  Unit No. 2209 
SL No. ______ ______

LUCENT
Offer to Purchase and Agreement of Purchase and Sale

THE VENDOR: VENDOR’S SOLICITORS:

Landa (TH) Limited Partnership Lawson Lundell LLP (Attention: Maxwell P. Carroll)
1550 – 200 Burrard Street 1600 - 925 West Georgia Street
Vancouver, British Columbia, V6C 3L6 Vancouver, British Columbia, V6C 3L2
PURCHASER:
Full Name: Ms. Shahla  Haghi Tabrizi  Full Name:
(Mr. Miss Ms. Mrs.) (Mr. Miss Ms. Mrs.)

Occupation: Accountant  Occupation:

Address: 1503 ­ 200 Newport Drive  Address:

City: Port Moody  City:

Province:BC  Postal Code: V3H 5B7  Province: Postal Code:

Tel: (778) 223­1487  Bus.   Tel: Bus.

Fax: Fax:

Email: shahlatabrizi@yahoo.com  Email:

Is the above party a “non-resident” of Canada as defined under the Is the above party a “non-resident” of Canada as defined under the
Income Tax Act (Canada) (Yes/No)? Income Tax Act (Canada) (Yes/No)?
no
________________ ________________

THE PURCHASER HEREBY OFFERS and, if this Offer to Purchase is accepted by the Vendor, agrees to purchase from the Vendor for the Purchase
Price (defined below) and on the terms and conditions contained herein, including the terms and conditions contained in Schedule “A” and any other
363  (the “Strata Lot”) substantially as shown on the preliminary strata plan (the “Preliminary
schedules and addenda attached hereto, strata lot no. _______
Strata Plan”) attached as an exhibit to the Disclosure Statement (as defined in Schedule “A” attached hereto) and which is currently assigned Unit no.2209 
_____
in the development (the “Development”) known as “LUCENT” to be constructed on certain lands in Surrey, B.C. presently legally described as PID: 030-
685-265, LOT 2 SECTION 22 BLOCK 5 NORTH RANGE 2 WEST NEW WESTMINSTER DISTRICT PLAN EPP85947 (the “Lands”).
1.01 PURCHASE PRICE AND DEPOSITS

The purchase price (the “Purchase Price”) for the Strata Lot (not including GST, or any other applicable value
added or sales tax levied by taxation authorities in Canada and in the Province of British Columbia (all such terms
as defined herein)) is, and will be paid by the Purchaser in lawful money of Canada as follows:
$ 764,900.00
a) a deposit (the “First Deposit”) of $10,000 payable upon presentation of this Offer (as defined below) to the
Vendor: $ 10,000.00

b) a further deposit (the “Second Deposit”) of $_______________

28,245.00 (being 5% of the Purchase Price less the
amount of the First Deposit) payable thirty (30) days after acceptance of this Offer by the Vendor: $ 28,245.00

c) 38,245.00
a further deposit (the “Third Deposit”) of $_______________ (being 5% of the Purchase Price) payable six
(6) months after the date on which the Second Deposit is payable: $ 38,245.00

38,245.00
d) a further deposit (the “Fourth Deposit”) of $____________ (being 5% of the Purchase Price) payable on the
later of: (i) the date that is ten (10) business days after the Purchaser receives both the Amendments (as
$ 38,245.00
defined in Schedule “A” attached hereto); and (ii) one (1) year after acceptance of this Offer by the Vendor:

e) 38,245.00
a further deposit (the “Fifth Deposit”) of $_________________ (being 5% of the Purchase Price) payable six
(6) months after the date on which the Fourth Deposit is payable:
$ 38,245.00
(the First Deposit, the Second Deposit, the Third Deposit, the Fourth Deposit and the Fifth Deposit,
collectively, the “Deposit”)

f) the balance (the “Balance”) of the Purchase Price, subject to adjustments described herein, payable on the
Completion Date (as defined in Schedule “A” attached hereto). $ 611,920.00

All deposits comprising the Deposit will be made payable by certified cheque, bank draft or wire transfer to Lawson Lundell LLP, “in trust”.

INITIALS

Purchaser Purchaser Vendor

40121.162339.ATB.21940946.4 Page 1 of 14
 363  Unit No. 2209 
SL No. ______ ______
1.02 The Purchase Price includes the following equipment, appliances and furnishings:

[a] one refrigerator [e] one microwave [i]

[b] one gas stovetop [f] one washer and dryer [j]
[c] one hood fan [g] one dishwasher [k]
[d] one oven [h] window coverings [l]

1.03 Purchaser Consent to Electronic Delivery of Disclosure Documents:

The Purchaser HEREBY CONSENTS to the delivery by electronic means of the Disclosure Statement and
any amendments to the Disclosure Statement filed by the Vendor subsequent to the date of this Agreement
Purchaser
(collectively, the “Disclosure Documents”), in accordance with the terms and conditions set out at Section
Purchaser Vendor
14.4 of Schedule “A” attached hereto.

1.04 Completion, Possession and Adjustment Dates: See Section 5 of Schedule “A” attached hereto.
1.05 PARKING/BICYCLE SPACE – the purchase of the Strata Lot will also entitle the Purchaser to the exclusive use of ______ 1  parking stall(s)
1 
and/or ______bicycle storage space(s) in the manner described in the Disclosure Statement, the locations of which parking stall(s) and/or
bicycle storage space(s) will be determined by the Vendor in the Vendor’s sole discretion, all as further described at Section 6.1 of Schedule
“A” attached hereto.
SCHEDULES AND ADDENDA

The provisions of any schedule(s) and addendum(s) attached hereto are incorporated into and form part of this Offer to Purchase and Agreement of
Purchase and Sale. To the extent that there is any inconsistency between any provision of this Offer to Purchase and Agreement of Purchase and Sale and
any provision of a schedule or addendum attached hereto, the provisions of the schedule or addendum, as applicable, will govern. The following schedules
and addenda are attached to this Offer to Purchase and Agreement of Purchase and Sale [check applicable box(es)]:

Schedule “A” X Agent Disclosure Addendum Employee Disclosure Addendum

X Schedule “B” FINTRAC Client ID Record

THE TERMS AND CONDITIONS ATTACHED HERETO AS SCHEDULE “A” AND TERMS AND CONDITIONS CONTAINED IN ALL OTHER
ATTACHED SCHEDULE(S) AND ADDENDA FORM PART OF THIS OFFER TO PURCHASE AND AGREEMENT OF PURCHASE AND SALE.
READ THEM CAREFULLY BEFORE YOU SIGN. By signing below, the Purchaser hereby confirms that the Purchaser has read this Offer to Purchase
and Agreement of Purchase and Sale, the terms and conditions attached as Schedule “A” and the terms and conditions contained in all other attached
schedule(s) and addenda.
This Offer to Purchase and Agreement of Purchase and Sale (the “Offer” and, upon acceptance, the “Agreement”) will be open for acceptance by the
17  day of
Vendor up to and including 5:00 PM (PST) on the ____ March  , 20 23 and upon acceptance by the Vendor will be a
binding agreement for the purchase and sale of the Strata Lot on the terms and conditions contained herein, including the terms and conditions contained
in Schedule “A” and any other schedules and addenda attached hereto. The Offer and Agreement may be executed and delivered in counterparts and by
electronic mail or other means of electronic transmission.
THE PURCHASER HAS EXECUTED THIS OFFER this 16  day of March  , 20 23  .

Witness Purchaser Shahla  Haghi Tabrizi  

Witness Purchaser

16  day of ________________________

This Offer to Purchase is accepted by the Vendor this ______ March  23 
20___.
LANDA (TH) LIMITED PARTNERSHIP, by its general
partner, LANDA (TH) GP LTD.

Per:
Authorized Signatory

40121.162339.ATB.21940946.4 Page 2 of 14
 363  Unit No. 2209 
SL No. ______ ______

SCHEDULE “A”
1. AGREEMENT

1.1. The Purchaser hereby agrees to purchase from the Vendor, and the Vendor agrees to sell to the Purchaser, the Strata Lot for the
Purchase Price and upon the terms and conditions set forth in this Agreement, including this Schedule “A” and any other schedules
and addenda attached hereto. Subject to any financial encumbrances to be discharged by the Vendor in accordance with Section 10.1
below, freehold title to the Strata Lot to be conveyed by the Vendor to the Purchaser on the Completion Date will be subject only to:

(a) the exceptions listed in Section 23(2) of the Land Title Act (British Columbia);
(b) the charges and encumbrances referred to as “Existing Encumbrances” in Section 4.3 of the Disclosure Statement, as
amended from time to time; and
(c) claims of builders’ liens if the Vendor’s Solicitors have undertaken to remove same in accordance with Section 10.1(c)
hereof,
(collectively the “Permitted Encumbrances”).
2. DESCRIPTION OF STRATA LOT

2.1. The Strata Lot will be part of the Development to be constructed on the Lands, substantially as shown on the Preliminary Strata Plan.
The Purchaser acknowledges that the Strata Lot will include the items set out in Section 1.02 on Page 2 of this Agreement.

3. PURCHASER ACKNOWLEDGEMENTS

3.1. Disclosure Statement. The Purchaser acknowledges that the Purchaser has received a copy of the disclosure statement for the
Development dated January 18, 2023, including all amendments thereto, if any, filed up to the date of this Agreement (collectively,
the “Disclosure Statement”) and has been given a reasonable opportunity to read and review the Disclosure Statement
prior to entering into this Agreement. The execution by the Purchaser of this Agreement will constitute a confirmation of
the Purchaser’s receipt of the Disclosure Statement. The Disclosure Statement contains, among other things, provisions Purchaser
explaining the obligations of the owner of the Strata Lot to pay monthly contributions to the common expenses of the
strata corporation of which the Strata Lot will form part (the “Strata Corporation”) and other important matters to be Purchaser
created upon the filing of a strata plan to create the individual strata lots and common property comprising the
Development. The Vendor recommends the Purchaser carefully review the Disclosure Statement and all amendments
thereto. Vendor

3.2. Service Facilities. The Purchaser acknowledges that the Development will include service facilities and equipment such as
transformers, power and communication conduits, fire protection systems and equipment, mechanical and electrical systems and
equipment, electrical room/closets, utility rights-of-way, and other such facilities and equipment (collectively, the “Service
Facilities”). The Service Facilities will be located as required by the City of Surrey (the “City”) or as recommended by the Vendor’s
consultants and/or representatives. The Purchaser acknowledges that:

(a) the current plans and specifications for the Development may not indicate the location of all the Service Facilities and that
the Vendor reserves the right to relocate, add, delete or modify all or a portion of the Service Facilities as deemed
necessary by the Vendor, without compensation or providing notice to the Purchaser or the Strata Corporation;

(b) some or all of the Service Facilities may be:

(i) connected to or integrated with the service facilities located in the other components of the project to be
constructed on the Lands; and/or

(ii) used by the owners, occupants or the Strata Corporation; and

(c) certain Service Facilities may be located on common property within the Development and located within or adjacent to
limited common property of the Strata Lot. As a result, such Service Facilities may obstruct views, site lines or light. As
well, noise, vibration, light and/or odours emanating from such Service Facilities may be perceptible by the occupants of
the Strata Lot.

3.3. Use of Strata Lot. The Strata Lot shall only be used for such uses as permitted by the strata bylaws of the Strata Corporation, local
municipality’s by-laws and in accordance with the proposed by-laws, rules and all other agreements entered into by the Strata
Corporation. It is acknowledged by the Purchaser that the Purchaser is responsible for satisfying itself that its proposed use of the
Strata Lot is in accordance with all applicable laws and regulations of all governmental authorities having jurisdiction.

4. PURCHASE PRICE, DEPOSIT AND PAYMENT

4.1. The Purchaser will pay the Purchase Price to the Vendor as follows:

(a) the deposit monies in the amounts set out in Section 1.01 on Page 1 of this Agreement will be paid by the Purchaser to the
Vendor’s solicitors, Lawson Lundell LLP (the “Vendor’s Solicitors”) “in trust”, provided that, at the Vendor’s sole
discretion, the Deposit (or any portion thereof) may be payable to the Vendor directly (or to such entity as the Vendor may
direct), provided such funds shall be delivered promptly to the Vendor’s Solicitors in accordance with Section 18 of the
Real Estate Development Marketing Act (British Columbia) (“REDMA”) (save and except that the Vendor may, at its sole
option, wait to forward the First Deposit to the Vendor’s Solicitors until the expiry of the 7-day rescission period in Section
21 of REDMA). Upon receipt of these deposits, the Vendor’s Solicitors will deposit the deposit monies in an interest
bearing account with a Canadian chartered bank, trust company or credit union, with interest accruing to the benefit of the
Vendor (unless otherwise provided in this Agreement); and

INITIALS

Purchaser Purchaser Vendor

40121.162339.ATB.21940946.4 Page 3 of 14
 363  Unit No. 2209 
SL No. ______ ______

(b) the Balance (as defined on Page 1 of this Agreement) plus or minus adjustments pursuant to Section 5.4 hereof will be paid
by the Purchaser to the Vendor’s Solicitors on the Completion Date by way of solicitor’s certified cheque, bank draft or
wire transfer in accordance with the provisions of Section 10.1 hereof.

4.2. Subject to Section 4.3 below, the Deposit will be dealt with as follows:

(a) if the Purchaser completes the purchase of the Strata Lot on the terms and conditions herein contained, then the Deposit
will form part of and be applied to the Purchase Price and be paid by the Vendor’s Solicitors to the Vendor or, at the option
of the Purchaser, shall, if the Purchaser’s financing is sufficient to cover the entire adjusted Purchase Price, be refunded to
the Purchaser by way of a credit on the statement of adjustments;

(b) if the Purchaser defaults on any of the Purchaser’s obligations set out herein, the Vendor may, at its election, terminate this
Agreement by written notice to the Purchaser and, in such event, the Deposit and any interest thereon will be absolutely
forfeited to the Vendor as liquidated damages, the parties agreeing that the same constitutes a genuine pre-estimate of the
minimum damages the Vendor will suffer, without prejudice to the Vendor’s right to pursue other or additional damages;

(c) if this Agreement is terminated in accordance with the terms of any of Sections 5.3, 12, or 13 hereof, then the Deposit and
any interest thereon will be paid by the Vendor’s Solicitors to the Purchaser and the Purchaser will have no further claim
against the Vendor; and

(d) if this Agreement is not terminated in accordance with the terms hereof and the Vendor fails to complete the sale of the
Strata Lot on the terms and conditions herein contained, then the Deposit and any interest thereon will be paid by the
Vendor’s Solicitors to the Purchaser and the Purchaser will have no further claim against the Vendor.

4.3. The Vendor and the Purchaser hereby irrevocably authorize the Vendor’s Solicitors:

(a) to deal with the Deposit in accordance with the provisions hereof; and

(b) to interplead the Deposit, at the expense of the party ultimately determined to be entitled to such funds, should any dispute
arise regarding the obligations of the Vendor’s Solicitors with respect to the Deposit.

4.4. Lien Holdback. That portion, if any, of the Purchase Price required by law to be held back by the Purchaser in respect of builders’ lien
claims (the “Lien Holdback”) will be paid on the Completion Date to the Vendor’s Solicitors. The Lien Holdback will be held in trust
by the Vendor’s Solicitors pursuant to the Strata Property Act (British Columbia) and Builders Lien Act (British Columbia) (or
successor statutes) solely in respect of lien claims registered in the applicable land title office (the “Land Title Office”) in connection
with work done at the request of the Vendor. The Vendor’s Solicitors are authorized to invest the Lien Holdback in an interest bearing
trust account and to pay to the Vendor on the earlier of: (a) the date set out in the Strata Property Act (British Columbia) and/or the
Builders Lien Act (British Columbia), and (b) the 56th day after the Strata Lot is conveyed to the Purchaser, the Lien Holdback plus
interest, if any, accrued thereon, less the amount of any builders’ lien claims filed against the Strata Lot of which the Purchaser or the
Purchaser’s solicitor or notary public (the “Purchaser’s Solicitor”) notifies the Vendor’s Solicitors in writing by 4:00 p.m. on that
day. The Purchaser hereby authorizes the Vendor to bring any legal proceedings required to clear title to the Strata Lot of any lien
claims filed with respect to the Strata Lot, including payment of the Lien Holdback into Court if desired by the Vendor.

4.5. Deposit Protection Insurance Policy. The Purchaser acknowledges that the Vendor has or intends to (at its sole option) enter into a
deposit protection contract with an approved insurer in accordance with REDMA with respect to the Deposit and thereupon, the
Deposit (or any portion thereof as has been paid by the Purchaser) will be released to the Vendor in accordance with REDMA and
such deposit protection contract. Any deposit (or portion thereof) released to the Vendor pursuant to a deposit protection contract shall
no longer accrue interest. The Purchaser will execute and deliver any agreement, confirmation or other documents and provide any
other assurance as may be required by the Vendor in connection with this Section 4.5.

5. COMPLETION, POSSESSION AND ADJUSTMENT DATES

5.1. Completion Date. The Purchaser will deliver the Balance at the Purchaser(s) expense to the Vendor’s Solicitors by no later than 4:00
p.m. on the Completion Date (the “Completion Date”). The Completion Date will occur after the Vendor or the Vendor’s Solicitors
provide notice (the “Completion Date Notice”) to the Purchaser or the Purchaser’s Solicitors that the Strata Lot is ready to be
occupied. The Completion Date stipulated in the Completion Date Notice will be at least fourteen (14) days after the Vendor or the
Vendor’s Solicitors provide the Completion Date Notice to the Purchaser or the Purchaser’s Solicitors. Whether the Strata Lot is ready
to be occupied refers to the Strata Lot and not any other strata lot or common property within the Development and the Strata Lot will
be deemed to be ready to be occupied on the Completion Date if (i) the City has given oral or written permission to occupy the Strata
Lot, whether such permission is temporary, conditional or final and (ii) the Land Title Office has issued a separate title for the Strata
Lot. If the Completion Date so established is not a business day, the Completion Date shall be the immediate following
business day. In this Agreement, “business day” means a day other than a Saturday, Sunday or statutory holiday in
British Columbia, Easter Monday or Boxing Day, or a day upon which the Land Title Office is not open for business. The Purchaser
Completion Date Notice delivered from the Vendor or the Vendor’s Solicitors to the Purchaser or the Purchaser’s
Solicitors may be based on the Vendor’s estimate as to when the Strata Lot will be ready to be occupied. If the Strata Lot Purchaser
is not ready to be occupied on, or the Land Title Office has not issued a separate title for the Strata Lot by, the
Completion Date so established, then the Vendor may delay the Completion Date from time to time as required, by notice
Vendor
of such delay to the Purchaser or the Purchaser’s Solicitors.

5.2. The Purchaser acknowledges that the estimated date range for completion of construction of the Development set out in the
Disclosure Statement has been provided by the Vendor as a matter of convenience only, is not meant to be legally binding
upon the Vendor and that the actual Completion Date will be established in the manner set out above, and may occur sooner
or later than the estimated date range for completion of construction of the Development set out in the Disclosure Statement.
INITIALS

Purchaser Purchaser Vendor

40121.162339.ATB.21940946.4 Page 4 of 14
 363  Unit No. 2209 
SL No. ______ ______

In addition, the Vendor may, in its sole and absolute discretion, stagger or delay the completion dates for strata lots in the
Development.

5.3. If by March 1, 2028 (the “Outside Date”), the Completion Date has not occurred, then either of the Vendor or the Purchaser may, at
its option, terminate this Agreement at any time after the Outside Date and prior to the Completion Date Notice being received by the
Purchaser, and upon such termination the Deposit will be returned to the Purchaser and the parties will be released from all of their
obligations hereunder, provided that:

(a) if the Vendor is delayed from completing construction of the Strata Lot, or completing the conveyance of the Strata Lot to
the Purchaser as contemplated hereunder, as a result of an event or circumstance of any nature or kind whatsoever beyond
the reasonable control of the Vendor (including, without limitation, epidemic, pandemic or other public health emergency
(including, for greater certainty, SARS-CoV-2, COVID-19 or any other widespread contagious infection, disease or illness,
and including any quarantine, social-distancing or other public health order relating to any of the foregoing), earthquake,
flood or other acts of God, fire, explosion or accident, howsoever caused, acts or orders of any governmental authority, acts
of war (including, without limitation, cyber-war), terrorism, riot, civil disorder, insurrection, rebellion or revolution, strike,
lockout, inability to obtain or delay in obtaining labour, supplies, materials or equipment, delay or failure by carriers or
contractors, breakage or other casualty, climatic condition, interference of the Purchaser or inability to obtain permits or
other approvals in a timely manner by any governmental authority (including, without limitation, the City)), the Outside
Date and any date by which the Vendor must perform an obligation under this Agreement (including, without limitation,
the Completion Date) will be extended for a period equivalent to such delay or the impact of such delay on the completion
of construction of the Development, or conveyance of the Strata Lot, as the case may be, whichever is greater, without
compensation to the Purchaser; and

(b) the Vendor may, up to two times, at its sole option, exercisable by written notice to the Purchaser prior to the Outside Date
then in effect, and in addition to any extension of the Outside Date pursuant to Section 5.3(a) and whether or not any delay
described in Section 5.1 has occurred, elect to extend the Outside Date for up to two (2) separate periods of one hundred
eighty (180) days each. This extension right may be exercised by the Vendor upon written notice to the Purchaser
delivered on or before the Outside Date, as the same may be extended in accordance with Section 5.3(a) and this Section
5.3(b). For clarity, the Vendor may exercise the right to extend the Outside Date for the second one hundred eighty (180)
day period on or prior to the expiry of the first one hundred eighty (180) day extension period.

For clarification, the Purchaser may not terminate this Agreement after the Outside Date if the Completion Date Notice has been
provided in accordance with Section 5.1.

5.4. Adjustments. The Purchaser will assume all taxes, rates, local improvement assessments, water rates, assessments of the Strata
Corporation, and all other adjustments both incoming and outgoing of whatever nature in respect of the Strata Lot will be made, as of
the Completion Date. If the amount of any such taxes, rates or assessments have been levied in respect of a parcel greater than the
Strata Lot, an estimated portion thereof as determined by the Vendor, acting reasonably, will be allocated to the Strata Lot in
accordance with its unit entitlement as discussed in the Disclosure Statement.

5.5. Possession Date. Provided the Vendor’s Solicitors have received the Balance (as defined on Page 1 of this Agreement) and all other
amounts payable by the Purchaser to the Vendor in respect of the Strata Lot on the Completion Date, the Purchaser will have
possession of the Strata Lot on the day immediately following the Completion Date after 12:30 pm (the “Possession Date”).

5.6. Risk. The Strata Lot and all other items included in the purchase and sale contemplated in this Agreement, will be and will remain at
the risk of the Vendor until the end of the day on the day before the Completion Date, after which time they will be at the risk of the
Purchaser.

6. PARKING AND BICYCLE SPACES

6.1. If, pursuant to Section 1.05 on Page 2 of this Agreement or as set out in an Addendum to this Agreement, the purchase of the Strata
Lot will entitle the Purchaser to the exclusive use of one or more parking stall(s) and/or one or more bicycle storage space(s) in the
manner described in the Disclosure Statement, the Purchaser acknowledges that the location of such parking stall(s) and/or bicycle
storage space(s) will be determined by the Vendor in the Vendor’s sole discretion without consultation with the Purchaser. The
Purchaser further acknowledges that:

(a) the configuration and size of the aforesaid parking stall(s) and/or bicycle storage space(s) will be determined by the Vendor
in the Vendor’s sole discretion and will be subject to change by the Vendor without compensation to the Purchaser;
(b) the aforesaid parking stall(s) may have limited overhead capacity and/or be designated as a small vehicle parking stall as
determined by the Vendor in the Vendor’s sole discretion without compensation to the Purchaser; and
(c) the aforesaid parking stall(s) may be equipped with rough-ins for charging stations for electric vehicles, the allocation and
installation of such feature to be determined by the Vendor in the Vendor’s sole discretion without compensation to the
Purchaser.
The Purchaser hereby irrevocably and unconditionally waives any claim the Purchaser may have against the Vendor, or other entities
or person, as the case may be, in respect of the matters listed at Sections 6.1(a), (b), and (c) above, which waiver will survive the
completion of the purchase and sale of the Strata Lot.

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7. REPRESENTATIONS/ENTIRE AGREEMENT

7.1. The Purchaser acknowledges and agrees that this Agreement constitutes the entire agreement between the parties with respect to the
sale and purchase of the Strata Lot and supersedes any prior agreements, negotiations or discussions, whether oral or written, of the
Vendor and the Purchaser, and that there are no representations, warranties, conditions or collateral contracts, expressed or implied,
statutory or otherwise, or applicable hereto, made by the Vendor, its agents or employees, or any other person on behalf of the Vendor,
other than those contained herein and in the Disclosure Statement. For clarity, all sales brochures, models, websites, representative
view sets, showroom displays, photographs, illustrations or renderings or other marketing materials provided to the Purchaser or made
available for the Purchaser’s viewing do not form part of this Agreement. In particular, the Purchaser acknowledges and agrees that
the materials, specifications, details, dimensions and floorplans set out in any materials viewed by the Purchaser are approximate and
subject to change without notice in order to comply with building site conditions and municipal, structural and Vendor and/or
architectural requirements.

8. CONSTRUCTION

8.1. The Purchaser acknowledges that the total expected area of the Strata Lot (the “Expected Area”) as shown on the Preliminary Strata
Plan is approximate only and may vary from the total actual area of the Strata Lot (the “Actual Area”) as shown on the final strata
plan (the “Final Strata Plan”) registered, or to be registered, in the Land Title Office with respect to the Development. If the Actual
Area is smaller than the Expected Area by more than 5%, the Purchaser may, by written notice to the Vendor no later than three
business days following delivery by the Vendor to the Purchaser of a written notice confirming the Actual Area, elect to have the
Purchase Price for that Strata Lot adjusted in accordance with the following formula:

R = (0.95 - A/P) x Purchase Price

where:
R = the amount of the reduction to the Purchase Price
A = the Actual Area
P = the Expected Area.

8.2. The Purchaser is aware and acknowledges that further to Section 8.1, marketing and advertising square footage, as well as proposed
dimensions, lot lines and location of the strata lots (including the Strata Lot), balconies, patios, decks, building exterior, landscaping,
grading, fencing and/or other common property in the Development, including limited common property (collectively, the “Expected
Features”) is based on the Preliminary Strata Plan and accordingly is approximate. Final floor plans and surveyed square footages
may vary. The actual areas, dimensions and/or configuration of the Expected Features set out in advertising and marketing materials
are approximate and provided for information purposes only and are not represented as being the actual final areas, dimensions and/or
configuration of such areas in the Development. In the event of any discrepancy between the area, size, dimensions, location and/or
configuration of the Expected Features in the Preliminary Strata Plan and/or any architectural plans relating to the Development and/or
any marketing materials and the Final Strata Plan, the Final Strata Plan will prevail.

The Vendor may make alterations to the features and layout of the Strata Lot which are desirable in the discretion of the Vendor. The
Vendor reserves the right to alter the common property of the Development at any time and from time to time if, in its sole opinion,
such alteration or alterations improve the structural integrity of the Development, its mechanical systems, its ability to withstand water
penetration or aesthetics.

8.3. Shades of engineered and/or laminate hardwood floors may vary due to natural differences in the wood pattern and grain and type of
stain used. Similarly, variations in design, colour shading, distinctive markings, shape, glaze and polish occur (due to nature or
manufacturing process) in all granite, limestone, marble and other natural stone materials and in all ceramic tiles, and grouting.
Accordingly, uniformity in these and other finishes in the Strata Lot cannot be guaranteed. Cracks in stone, ceramic tile and grout
caused by structural movement are not the responsibility of the installer or the Vendor. The following conditions are customary and
are not considered defects for which corrective action is required: cracking of concrete topping and/or slab; wall cracking and/or door
sagging due to building settlement, structural deflection and/or material shrinkage; or, deviations and variations from plans and
specifications involving paint colour, window and floor coverings, countertops and cabinets, appliances, plumbing and electrical
fixtures, hardware and other decoration and finish work; or similar conditions that do not result in actual physical damage to the Strata
Lot or common property of the Development. The Purchaser hereby irrevocably and unconditionally waives any claim the Purchaser
may have against the Vendor or other entities or persons, as the case may be, in respect of the matters set out in this Section 8.3, which
waiver will survive the completion of the purchase and sale of the Strata

8.4. Subject to Section 9.1 below, the Purchaser acknowledges and agrees that neither the Purchaser nor a Purchaser’s representative will
be entitled to have access to the Development prior to the Possession Date without the prior written consent of the Vendor, which
consent the Vendor may withhold in its sole discretion, and then only if accompanied by an authorized representative of the Vendor.
The Purchaser hereby releases the Vendor, the Vendor’s partners, and their respective directors, officers, employees, agents,
contractors and representatives (collectively, the “Released Parties”) from and against any loss, cost, damage, injury or death
resulting from any act or omission of any one or more of the Released Parties, including that arising from the negligence of any one or
more of the Released Parties, or any condition within the Development and agrees to indemnify and hold harmless the Released
Parties from and against any loss, cost, damage, injury or death resulting from the presence of the Purchaser or any person acting on
behalf of the Purchaser in the Development, or any act or omission of the Purchaser or any person acting on behalf of the Purchaser
while within the Development, and such release will survive the Completion Date, registration of the Transfer (as defined in Section
10.1) and payment of the Purchase Price. The Purchaser hereby acknowledges and the Vendor hereby confirms that the Vendor has
acted as agent for and on behalf of the other Released Parties with respect to obtaining the foregoing release and indemnity from the
Purchaser for the benefit of such Released Parties.

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8.5. The Purchaser is aware and acknowledges that the Development has been designed to meet the City’s sound control requirements.
However, there will be noise transmissions between floors and other strata lots as well as from common property and common
facilities within the Development and from the general environment external to the Development, including other units connected
and/or adjacent to the Development. The Purchaser hereby irrevocably and unconditionally waives any claim the Purchaser may have
against the Vendor, or other entities or person, as the case may be, in respect of the matters described in the foregoing sentence, which
waiver will survive the completion of the purchase and sale of the Strata Lot.

8.6. The Purchaser acknowledges that in connection with the construction of the Development, the Vendor has entered into, or will enter
into, certain agreements with the City and other third parties with respect to the Development, which agreements are contemplated
under the Disclosure Statement. The Vendor’s obligations under such agreements will be assumed by the Strata Corporation upon
filing of the Final Strata Plan (the “Strata Corporation Obligations”). The Purchaser acknowledges and agrees: (a) that the Strata
Corporation will assume all costs relating to the Strata Corporation Obligations; (b) not to wilfully or negligently do or omit to do any
act or thing which may put the Vendor or the Strata Corporation in breach of the Strata Corporation Obligations; and (c) at all times,
to act in a manner that is consistent with the Strata Corporation Obligations.

9. PRE-OCCUPANCY WALK THROUGH

9.1. The Purchaser or his or her representative will have the right to inspect the Strata Lot with a representative of the Vendor at a
reasonable time designated by the Vendor by written notice (including, without limitation, by electronic mail) in accordance with
Section 14.3, or by telephone prior to the Completion Date. The Purchaser may, at his or her option, forfeit this inspection. If the
Vendor has contacted or attempted to contact the Purchaser three (3) times to designate a reasonable time to inspect the Strata Lot, and
the Vendor has not received a response to these attempts from the Purchaser, or the Purchaser fails or refuses to inspect the Strata Lot
at the time designated by the Vendor, the Purchaser will be deemed to have forfeited the inspection. If the inspection is forfeited, the
Purchaser will be deemed to be satisfied with and to have accepted the physical condition of the Strata Lot (including the existing
kitchen, bathroom and other installation, equipment, appliances and furnishings) on the Completion Date. At the conclusion of such
pre-occupancy walk through, a conclusive list of any defects or deficiencies will be prepared (collectively, the “Deficiencies”) which
are to be rectified by the Vendor. The parties or their representatives will sign the list and the Purchaser will be deemed to have
accepted the physical condition of the Strata Lot (including the existing kitchen, bathroom and other installation, equipment,
appliances and furnishings) subject only to the Deficiencies. If the Purchaser does not sign the Deficiencies list, the Purchaser will be
deemed to have accepted the physical condition of the Strata Lot (including the existing kitchen, bathroom and other installation,
equipment, appliances and furnishings). The Purchaser agrees to provide the Vendor or a representative of the Vendor with access to
the Strata Lot during reasonable business hours on 24 hours’ prior notice to repair any outstanding Deficiencies after the Completion
Date. Should reasonable access not be provided, the Vendor is absolved from repairing any Deficiencies outstanding on the
Completion Date. If there is any dispute as to the Deficiencies, the Vendor shall designate a third party to settle the Deficiencies or the
matter in dispute, it being agreed that such determination by such designated third party will be binding upon the parties and need not
occur prior to the Completion Date. The Vendor will remedy the Deficiencies noted on the list, or as settled by the designated third
party, as soon as reasonably possible (which may be after the Completion Date), and the parties agree that notwithstanding the
existence of any Deficiencies on the Completion Date, such will not permit the Purchaser to elect not to complete the purchase of the
Strata Lot on the Completion Date and there will be no deficiency holdback in respect of any Deficiencies which may exist on the
Completion Date.

10. CONVEYANCE, RISK, PERMITTED ENCUMBRANCES

10.1. Conveyance.

(a) It will be the responsibility of the Purchaser or the Purchaser’s Solicitor to prepare the documents necessary, in the
Vendor’s sole and absolute discretion, to complete this transaction including a freehold transfer (the “Transfer”), in
registrable form, the Required Closing Documentation (as defined at Section 13.7 below) and a statement of adjustments,
and to deliver such closing documents to the Vendor’s Solicitors at least three (3) business days prior to the Completion
Date. The Purchaser will be responsible for obtaining all other documents required in order to complete the transfer of the
Strata Lot to the Purchaser, including a Form F and a Form B Information Certificate as such forms are described under the
Strata Property Act (British Columbia), and the Vendor will not be required to execute or deliver any other agreements,
transfer documents, resolutions, certificates, statutory declarations, or assurances whatsoever to the Purchaser.

(b) The Purchaser acknowledges and agrees that legal title to the Strata Lot is or will be held by Landa (TH) Holdings Ltd. (the
“Registered Owner”) as registered owner only, and for the benefit of the Vendor. The Purchaser agrees, notwithstanding
any provisions to the contrary herein or in the Property Law Act (British Columbia), to accept the Transfer and other
closing documents executed by the Registered Owner in satisfaction of Section 6 of the Property Law Act (British
Columbia). The Purchaser acknowledges that it has been advised by the Vendor and confirms and agrees that: (a) the
Vendor is solely responsible for the construction, marketing and sale of the Development; and (b) the Purchaser does not
have any contractual relationship with or rights against the Registered Owner (such relationship and all such rights being
with or against the Vendor) and the Purchaser will at all times deal with the Vendor in respect of the transactions
contemplated herein.

(c) On the Completion Date, the Vendor will transfer or cause to be transferred title to the Strata Lot to the Purchaser free and
clear of all registered liens, mortgages, charges and encumbrances of any nature whatsoever save and except the Permitted
Encumbrances and on or before the Completion Date, the Vendor will have taken whatever steps are necessary in order to
obtain or make arrangements for the release or discharge of any registered liens, mortgages, charges and encumbrances
save and except the Permitted Encumbrances. The Purchaser acknowledges and agrees that the Vendor will be using the
sale proceeds received from the Purchaser to obtain a partial discharge of any construction mortgage and security collateral
thereto. The Purchaser’s Solicitor will pay the Balance, subject to any adjustments as provided herein, on the Completion
Date to the Vendor’s Solicitors in trust on the Vendor’s Solicitors’ undertaking to pay the amount required in a written
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statement of indebtedness from the holder of the prior financial encumbrance to legally obligate the holder of the prior
financial encumbrance to provide the Vendor’s Solicitors with a registrable discharge of such prior financial encumbrance
and to register the discharge of the aforesaid charges from title to the Strata Lot within a reasonable period of time after
closing and, in the case of a claim of builder’s lien, on the Vendor’s Solicitors’ undertaking to pay the amount sufficient to
cause same to be discharged within thirty (30) days after the Completion Date, or such later period of time as may be
necessary in the circumstances provided the Vendor is diligently proceeding to obtain such discharge. If the Purchaser is
relying upon a new mortgage to finance the Purchase Price, the Purchaser, while still required to pay the Balance, subject
to adjustments provided herein, on the Completion Date, may wait to pay same until after the Transfer and new mortgage
documents have been lodged for registration at the applicable Land Title Office but only if before such lodging against title
to the Strata Lot the Purchaser has:

(i) deposited in trust with the Purchaser’s Solicitor the cash balance of the adjusted Purchase Price not being
financed by the new mortgage;
(ii) fulfilled all the new mortgagee’s conditions for funding except lodging the Transfer for registration; and
(iii) made available to the Vendor’s Solicitors an undertaking given by the Purchaser’s Solicitor to pay on the
Completion Date the Balance, subject to adjustments provided herein, upon the lodging of the Transfer and the
new mortgage documents and the advance by the new mortgagee of the mortgage proceeds.

10.2. The Purchaser will pay all costs (including the Purchaser’s Solicitor’s fees and disbursements) in connection with the completion of
purchase and the sale (including any federal and provincial sales, value-added, property transfer or other tax other than income tax)
required to be paid by the Vendor or the Purchaser in connection with the purchase and sale of the Strata Lot and any equipment and
appliances included with the purchase of the Strata Lot other than the costs of the Vendor incurred in clearing title to the Strata Lot of
financial encumbrances that are not Permitted Encumbrances and the legal fees of the Vendor.

11. ASSIGNMENT BY PURCHASER

11.1. Assignment.

(a) Without the Vendor’s prior consent, any assignment of this Agreement is prohibited.

An assignment under REDMA is a transfer of some or all of the rights, obligations and benefits under a purchase
agreement made in respect of a strata lot in a development property, whether the transfer is made by the purchaser under
the purchase agreement to another person or is a subsequent transfer.

Each proposed party to an assignment agreement must provide the Vendor with the information and records required under
REDMA.

Before the Vendor consents to an assignment of this Agreement, the Vendor will be required to collect information and
records under REDMA from each proposed party to an assignment agreement, including personal information, respecting
the following:

(i) the party’s identity;

(ii) the party’s contact and business information; and
(iii) the terms of the assignment agreement.
Information and records collected by the Vendor must be reported by the Vendor to the administrator designated under the
Property Transfer Tax Act. The information and records may only be used or disclosed for tax purposes and other purposes
authorized by Section 20.5 of REDMA, which includes disclosure to the Canada Revenue Agency. The Purchaser and the
proposed assignee shall give to the Vendor all information and records and any additional information and records
requested by the Vendor pursuant to REDMA or regulations thereto (as the same may be amended) from time to time, and
hereby consent to and authorize the Vendor to make any filings with or disclose the aforesaid information and records as
required or permitted by REDMA or regulations thereto, as the same may be amended from time to time. The Purchaser
and any proposed assignee shall jointly and severally indemnify and save harmless the Vendor from any loss, damage,
liability, cost and expense (including without limitation, fines and penalties) suffered by the Vendor, or any of its
respective directors, officers, affiliates, agents or employees, directly or indirectly as a result of any misrepresentation or
false or misleading statement in any information and records provided to the Vendor pursuant to this Section.

Without limiting the foregoing, the Purchaser acknowledges and agrees that the Vendor may, as a condition of granting its
consent to an assignment, require the Purchaser or the proposed assignee, or both, provide or enter into such indemnities,
certificates, statutory declarations, and any other agreements or other documents as may be deemed appropriate by the
Vendor, in the Vendor’s sole and absolute discretion, in the circumstances, including without limitation for the purpose of
ascertaining that an assignment is not being entered into for the purposes of tax avoidance.

(b) Without limiting the foregoing, the Purchaser may only complete an assignment (as defined under REDMA) on or after the
date on which the Vendor has entered into binding contracts of purchase and sale in respect of strata lots comprising not
less than 95% of the proposed net sales value of all of the strata lots within the Development, as determined by the Vendor,
and then only if the Vendor’s form of assignment agreement is used and with the written consent of the Vendor, which
consent may be arbitrarily withheld in its sole discretion. Notwithstanding the foregoing, the Purchaser may not complete
an assignment within the three (3) month period immediately preceding the estimated date range of completion of
construction of the Development (as set out in Section 5.1 of the Disclosure Statement, as the same may be amended from
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time to time) or at any time after the Vendor or the Vendor’s Solicitors notifies the Purchaser or the Purchaser’s Solicitors,
pursuant to Section 5.1 of Schedule “A” to this Agreement, that the Strata Lot is ready to be occupied, without the written
consent of the Vendor, which consent may be arbitrarily withheld in its sole discretion, and unless the Vendor so consents,
the Vendor will not be required to convey the Strata Lot to anyone other than the Purchaser named herein. If the Vendor
consents to any assignment of this Agreement by the Purchaser, then the Vendor may, at its option and as consideration for
agreeing to an assignment of the Purchaser’s interest in this Agreement, charge the Purchaser a fee equal to the aggregate
of 3% of the Purchase Price, plus applicable taxes, and a $750.00 fee for any associated legal and administrative costs, plus
applicable taxes. Following any assignment, the Purchaser will not be relieved of his/her/its obligations hereunder but will
continue to remain liable to perform all obligations of the Purchaser under this Agreement.

(c) Notwithstanding anything herein to the contrary, the Purchaser agrees that the Purchaser will not assign this Agreement to
any person or entity prohibited from purchasing the Strata Lot pursuant to the Prohibition Legislation (as defined at Section
13.7 below).

11.2. The Purchaser will not advertise or solicit offers from the public nor list the Strata Lot on the Multiple Listing Service, “Craigslist”, or
any other website on the internet, or any social media such as Facebook, Twitter, Instagram or similar service with respect to the
assignment or resale of the Purchaser’s interest in this Agreement or the Strata Lot prior to the Completion Date without the prior,
express written consent of the Vendor, which consent may be arbitrarily withheld by the Vendor in its sole discretion.

11.3. In the event the Vendor consents to an assignment in accordance with the terms of this Section 11, the Vendor is not acknowledging or
approving any of the terms of any such assignment between the Purchaser and an assignee except for consenting to the assignment of
the Purchaser’s interest in this Agreement to such assignee. The Vendor and the Purchaser acknowledge and agree that the Purchaser
shall be solely responsible, to the exclusion of the Vendor, for ensuring the transactions contemplated by the assignment are compliant
with any and all tax withholding, remitting or reporting obligations under the Income Tax Act (Canada) and the Excise Tax Act
(Canada).

12. AMENDMENTS

12.1. Pursuant to Policy Statement #5 (“PS#5”) and Policy Statement #6 (“PS#6”) issued by the Superintendent of Real Estate under
REDMA, a developer may file a disclosure statement and market strata lots prior to the issuance of a building permit and prior to
obtaining a satisfactory financing commitment provided that one or more amendments to the disclosure statement with respect to PS#5
and PS#6 disclosing the particulars of the issued building permit and satisfactory financing commitment (collectively, the
“Amendments”) is/are filed within twelve (12) months of the developer filing the original Disclosure Statement and subject to the
conditions set out in Section 12.2 below. The Vendor and the Purchaser acknowledge and agree that the Strata Lot is being offered
subject to PS#5 and PS#6.

12.2. If the required Amendments referred to in Section 12.1 hereof have not been filed prior to the date the Purchaser has executed this
Agreement, then notwithstanding anything else herein contained the following applies:

(a) this Agreement is terminable at the Purchaser's option if the Purchaser does not receive the Amendment under PS#6, which
sets out particulars of a satisfactory financing commitment, for the Development, within twelve (12) months of the date on
which the Vendor filed the original Disclosure Statement, until the required Amendment is received by the Purchaser;
(b) this Agreement is terminable at the Purchaser's option if the Purchaser does not receive the Amendment under PS#5, which
sets out particulars of an issued building permit for the Development, within twelve (12) months of the date on which the
Vendor filed the original Disclosure Statement, until the required Amendment is received by the Purchaser;
(c) this Agreement is terminable at the Purchaser's option within seven (7) days after the Purchaser receives the PS#5
Amendment, but only if the layout or size of the Strata Lot, the construction of a major common facility, including a
recreation centre or clubhouse, or the general layout of the Development is materially changed by the issuance of the
building permit;
(d) the maximum deposit or down payment payable by the Purchaser hereunder prior to receiving the Amendments is 10% of
the Purchase Price;
(e) if this Agreement is terminated pursuant to subsection 12.2(a), 12.2(b) or 12.2(c) above, then the Purchaser will not incur
any financial penalty and all deposits paid by the Purchaser hereunder, including any interest earned thereon, will be
returned promptly to the Purchaser; and
(f) all monies received by the Vendor will be held in trust by a brokerage, a solicitor, or a notary public until the transaction is
completed or earlier terminated, subject to the Vendor entering into a deposit protect contract as described above.

13. VENDOR’S RIGHTS TO TERMINATE

13.1. The Vendor may in its sole discretion terminate this Agreement on written notice to the Purchaser if the Vendor has reasonable
grounds to suspect that any part of the transaction contemplated by this Agreement is related to the commission or attempted
commission of a “money laundering offence” or a “terrorist activity financing offence”, as defined in the Proceeds of Crime (Money
Laundering) and Terrorist Financing Act (Canada) and regulations under such Act, as amended from time to time.

13.2. The Vendor may in its sole discretion terminate this Agreement on written notice to the Purchaser if, by December 1, 2024,
construction of the Development has not commenced. For clarity, construction of the Development will be deemed to have
commenced upon the date excavation commences in respect of construction of an improvement that will become part of a strata lot in
the Development, and where there is no excavation it means the date of commencement of construction of an improvement that will
become part of a strata lot.
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13.3. The Vendor may in its sole discretion terminate this Agreement on written notice to the Purchaser if, by December 1, 2027, the
Vendor has, despite commercially reasonable efforts to do so, not deposited the Final Strata Plan in the Land Title Office, or the City
has not issued an occupancy permit in respect of the Strata Lot.

13.4. The Vendor may in its sole discretion terminate this Agreement on written notice to the Purchaser if, by December 1, 2024, the
Vendor has not entered into binding purchase agreements in respect of at least 65% of the strata lots in the Development.

13.5. The Purchaser acknowledges and agrees that if by the date that is twelve (12) months from the date the original Disclosure Statement
was filed with the Superintendent of Real Estate (the “Condition Date”):

(a) the Vendor has not obtained all necessary building permits from the City for the construction of the Development;

(b) the Vendor, in its sole discretion, is not satisfied with all aspects (including, without limitation, estimated construction
costs) of, and decides not to proceed with, the Development; or

(c) the Vendor is unable to obtain contracts for labour or materials on terms satisfactory to the Vendor for the construction of
the Development,
then the Vendor will have the right to terminate the Agreement by giving written notice to the Purchaser or the Purchaser’s Solicitors,
such written notice to be delivered no later than the date that is two (2) weeks after the Condition Date.

13.6. If the Vendor does not exercise its right to terminate this Agreement pursuant to Section 13.1 to Section 13.5 (inclusive) by providing
the Purchaser with written notice thereof, then the Vendor is deemed not to have exercised its right to terminate this Agreement. If the
Vendor terminates this Agreement in accordance with this Section 13, this Agreement will be null and void effective as of the day the
Vendor delivers notice of termination to the Purchaser and the Vendor will return to the Purchaser that portion of the
Deposit paid by the Purchaser pursuant to this Agreement. The Purchaser acknowledges and agrees that it is signing this
Purchaser
Agreement under seal and that the Purchaser will not have any right to revoke his or her offer herein while this
Agreement remains subject to the foregoing termination rights in favour of the Vendor. The Purchaser acknowledges and
agrees that the Vendor will not be liable for any damages or costs whatsoever incurred by the Purchaser resulting from Purchaser
any such termination including, without limitation, relocation costs, professional fees and disbursements, opportunity
costs, loss of bargain, damages and/or costs resulting from hardship or any other damages or costs incurred by the
Vendor
Purchaser, directly or indirectly, and that this provision will constitute a complete defence to any claim that may be made
against the Vendor by the Purchaser in respect of the Vendor’s termination of this Agreement and any matter associated therewith.

13.7 Notwithstanding anything to the contrary herein, the Vendor and the Purchaser acknowledge and agree as follows:

(a) The Purchaser hereby certifies, declares, represents and warrants to the Vendor, as certifications, declarations, representations
and warranties that are true as of the date hereof and will be true as of the Completion Date, that the Purchaser is either:

(i) not a “non-Canadian” within the meaning of the Prohibition on the Purchase of Residential Property by Non-
Canadians Act, S.C. 2022, c. 10, s. 235 (the “Prohibition Legislation”); or

(ii) is a person who is exempt from the prohibition under subsection 4(1) of the Prohibition Legislation.

(b) The truth and accuracy of the certifications, declarations, representations and warranties set out in Section 13.7(a) of this
Schedule “A” are fundamental terms of this Agreement and accordingly, the Purchaser’s obligations under this Agreement
include the requirement that the certifications, declarations, representations and warranties set out in Section 13.7(a) be true and
accurate as of the date of this Agreement and continue to be true and accurate through to and including the Completion Date and
as part of the closing documents, the Purchaser will provide the Vendor with a statutory declaration (in a form satisfactory to the
Vendor) confirming the truth and accuracy of the certifications, declarations, representations and warranties set out in Section
13.7(a) of this Schedule “A”, and any other documentation as may be required by the Vendor in connection with the Prohibition
Legislation (the “Required Closing Documentation”).

(c) The Purchaser consents to the collection, use and disclosure of personal information about the Purchaser, as may be reasonably
necessary for the Vendor to confirm compliance with the Prohibition Legislation.

(d) The Purchaser and any proposed assignee will jointly and severally indemnify and save harmless the Vendor from any loss,
damage, liability, cost and expense (including without limitation, fines and penalties) suffered by the Vendor or any of their
respective partners, directors, officers, affiliates, agents (including, without limitation the Vendor’s real estate agents and the
Vendor’s Solicitors) or employees, directly or indirectly as a result of any misrepresentation or false or misleading statement in
Section 13.7(a) of this Schedule “A”, the Required Closing Documentation or any other documentation provided to the Vendor
in connection with the Prohibition Legislation. The foregoing indemnity will survive any termination of this Agreement and will
not merge upon closing of the sale of the Strata Lot contemplated in this Agreement.

(e) The Vendor may in its sole and absolute discretion terminate this Agreement if the Vendor has reasonable grounds to suspect
that the Purchaser and/or any proposed assignee are prohibited from purchasing the Strata Lot pursuant to the Prohibition
Legislation, in which event the portion of the Deposit that has been paid (excluding interest earned thereon) will be returned to
the Purchaser and the Purchaser will have no further claims against the Vendor.

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Purchaser Purchaser Vendor

40121.162339.ATB.21940946.4 Page 10 of 14
 363  Unit No. ______
SL No. ______ 2209 

14. MISCELLANEOUS

14.1. Time of Essence. Time is of the essence hereof and unless all payments on account of the Purchase Price, subject to adjustments
thereto as provided for herein, and any other monies payable by the Purchaser hereunder are paid when due, then the Vendor may, at
the option of the Vendor in its sole discretion, either:

(a) terminate this Agreement by written notice to the Purchaser and, in such event, the portion of the Deposit that has been
paid and all interest accrued thereon will be absolutely forfeited to the Vendor as liquidated damages, the parties agreeing
that the total amount of the Deposit (including all portions thereof, whether paid or unpaid) together with interest thereon
constitutes a genuine pre-estimate of the damages the Vendor will suffer as a result of the Purchaser’s failure to pay, when
due, any payment on account of the Purchase Price, together with adjustments thereto as provided herein, or any other
amounts payable hereunder, without prejudice to the Vendor’s other remedies including, without limitation, the right of the
Vendor to pursue the Purchaser for any unpaid balance of the Deposit and to seek additional damages and, subject to
provisions of REDMA, the Vendor’s Solicitors are hereby irrevocably authorized and directed by the Purchaser to pay the
amount held by them and such interest as may have accrued thereon to the Vendor upon written demand therefor by the
Vendor; or

(b) elect to extend the date for payment or the Completion Date, as applicable, to a certain date determined by the Vendor,
time to remain of the essence hereof and subject to the Vendor’s right in its sole discretion, to grant further extensions to a
certain date each time, and revise such terms of this Agreement as may be required (as determined by the Vendor, in its
sole discretion) in order to accommodate the extension, and to complete the transaction contemplated by this Agreement, in
which event the Purchaser will pay to the Vendor, in addition to the Purchase Price, interest on the unpaid portion of the
Purchase Price and other unpaid amounts payable hereunder at the rate of 2% per month (approximately 27% per annum),
calculated daily and compounded monthly not in advance, from the date upon which such portion and amounts were due to
the date upon which such portion and amounts are paid.

The Vendor may terminate this Agreement at any time during the continuance of the default by the Purchaser, even if the Vendor had
previously elected not to terminate this Agreement. If the Purchaser’s default continues beyond the extended date for completion
established pursuant to Section 14.1(b) the Vendor may thereafter elect to terminate this Agreement or permit a further extension
pursuant to Section 14.1(a) or 14.1(b), as applicable.

14.2. Condition Removal. Notwithstanding anything herein contained to the contrary, if the Purchaser’s obligation to purchase the Strata
Lot is subject to one or more conditions, then the conditions will be set out in an addendum attached hereto and if such conditions
exist then the Vendor may, on written notice delivered to the Purchaser, require the Purchaser to either satisfy or waive such
conditions by the delivery of written notice to the Vendor within twenty-four (24) hours from the time the Vendor delivers its notice to
the Purchaser. If the Purchaser’s written notice either satisfying or waiving the Purchaser’s conditions is not received by the Vendor
within the time permitted as aforesaid, then this Agreement will terminate and that portion of the Deposit paid by the Purchaser will be
promptly refunded to Purchaser.

14.3. Notices and Tender. Any notice to be given by the Vendor to the Purchaser will be sufficiently given if deposited in any postal
receptacle in Canada addressed to the Purchaser at the Purchaser’s address as set out on the first page of this Agreement or to the
Purchaser’s Solicitor at its offices and sent by regular mail, postage prepaid, or if delivered by hand or if transmitted by facsimile,
email or other form of electronic communication capable of producing a printed copy to the Purchaser’s Solicitor at its office or to the
Purchaser. Such notice will be deemed to have been received if so delivered or transmitted when delivered or transmitted and if
mailed, on the second business day after such mailing. The address, facsimile number (if any), or electronic mail address (if any) for
the Purchaser will be as set out on Page 1 of this Agreement or such other address, facsimile number (if any), or electronic mail
address (if any), the Purchaser has last notified the Vendor in writing. Any notice to be delivered to the Purchaser may be delivered to
the Purchaser or the Purchaser’s Solicitor and any notice to be delivered to the Vendor may be given to the Vendor or the Vendor’s
Solicitors in the same manner, and any such notice will be deemed to have been received, as provided for in the preceding provisions
of this Section 14.3, in the same manner. Any documents or money to be tendered on the Vendor will be tendered by way of certified
funds, bank draft or wire transfer and will be delivered at the Purchaser’s expense to the Vendor or the Vendor’s Solicitors.

14.4. Delivery of Disclosure Statement and Amendments by Electronic Means. If, pursuant to Section 1.03 on Page 2 of this Agreement or
as set out in an Addendum to this Agreement, the Purchaser has consented to the delivery of the Disclosure Documents by electronic
means, then the Purchaser and the Vendor acknowledge and agree as follows:

(a) the Vendor may, but shall not be obligated to, provide the Disclosure Documents (or any one of them) to the Purchaser by
electronic means which may include delivery by facsimile, e-mail or other intangible form by electronic, magnetic or
optical means or by another similar means;
(b) if the Vendor elects to provide the Disclosure Documents (or any one of them) to the Purchaser by electronic means then
the Vendor may choose the method(s) of electronic delivery, and may alter such method(s) from time to time, all in its sole
discretion; and any such Disclosure Documents will be delivered to the e-mail address(es) and/or facsimile number(s)
provided on Page 1 of this Agreement or set out in an Addendum to this Agreement;
(c) in the event the Purchaser wishes to change the address(es) and/or facsimile number(s) for electronic delivery noted on
Page 1 of this Agreement or as set out in an Addendum to this Agreement, the Purchaser must promptly notify the Vendor
of its replacement address(es) and/or facsimile number(s) in accordance with Section 14.3 hereof;
(d) the Vendor may, by notice to the Purchaser in accordance with Section 14.3 hereof, elect to employ a data room (the “Data
Room”) to deliver the Disclosure Documents (or any one of them) to the Purchaser. Where the Disclosure Documents are
posted on the Data Room the Purchaser acknowledges and agrees that such posting, and the receipt by the Purchaser of an

INITIALS

Purchaser Purchaser Vendor

40121.162339.ATB.21940946.4 Page 11 of 14
 363  Unit No. ______
SL No. ______ 2209 

e-mail from the Vendor confirming such posting, shall constitute delivery by electronic means for the purposes of this
Section 14.4; and
(e) upon receipt of the Disclosure Documents (or any one of them) by electronic means, the Purchaser shall use its best efforts
to promptly acknowledge receipt of such Disclosure Documents in the manner prescribed by the Vendor, it being
understood that the prescribed form of acknowledgement may be changed from time to time by the Vendor, in its sole
discretion.
14.5. Marketing Activities. The Purchaser agrees that after completion of the transfer of the Strata Lot to the Purchaser as contemplated by
this Agreement, the Vendor or any affiliated entities may retain strata lots in the Development for use as sales and administrative
offices and/or display suites for marketing purposes or otherwise. The Purchaser agrees that for so long as the Vendor or any
affiliated entity is the owner or lessee of any strata lots in the Development, the Vendor may carry out marketing, promotional and
sales activities within the common property (including parking stalls or recreational facilities) of the Development or strata lots owned
or leased by the Vendor, including without limitation, maintaining display suites, other display areas, parking areas and signage
(including signage on the exterior of the Development) and permitting public access to same for the purpose of marketing any unsold
strata lots, in addition, the Vendor may conduct tours of the Development from time to time with prospective purchasers and hold
events or other activities within the Development in connection with the marketing and sales activities.

The Purchaser hereby irrevocably and unconditionally waives any claim the Purchaser may have against the Vendor, or other entities
or persons, as the case may be, in respect of the matters set out in this Section 14.5, which waiver will survive the Completion Date.

14.6. Municipal Address, Strata Lot Number, and Unit Number. The Purchaser acknowledges that the municipal address of the
Development as well as the strata lot number and unit number assigned to the Strata Lot as of the date of this Agreement may change
prior to the completion of the transfer of the Strata Lot to the Purchaser as contemplated herein. The Purchaser agrees that any such
change will not be material and the Purchaser will not be entitled to any compensation in respect thereof.

14.7. Governing Law. The Agreement resulting from the acceptance of the Offer by the Vendor and all matters arising hereunder will be
construed in accordance with and governed by the laws of British Columbia which will be deemed to be the proper law hereof, and the
courts of British Columbia will have the exclusive jurisdiction to entertain and determine all claims and disputes arising out of or in
any way connected with this Agreement and the validity, existence and enforceability hereof.

14.8. Purchaser Comprising More Than One Party. If the Purchaser is comprised of more than one party, then the obligations of the
Purchaser hereunder will be the joint and several obligations of each party comprising the Purchaser and any notice given to one of
such parties will be deemed to have been given at the same time to both or all of such parties comprising the Purchaser.

14.9. Contractual Rights. The Agreement resulting from the acceptance of the Offer by the Vendor creates contractual rights only and not
any interest in land.

14.10. Further Assurances. The Purchaser will do all further acts and things and execute all such further assurances as may be necessary in
the Vendor’s opinion to give full effect to the intent and meaning of this Agreement.

14.11. References. All references to any party, whether a party to this Agreement or not, will be read with such changes in number and
gender as the context or reference requires.

14.12. Headings. The headings herein are for convenience only and do not form a part of this Agreement and are not intended to interpret,
define, or limit the scope, extent or intent of this Agreement or any provision hereof.

14.13. Personal Information. The Purchaser hereby consents to the collection, use, and disclosure by the Vendor of personal information
about the Purchaser in connection with the transaction contemplated herein, including for the following purposes:

(a) to obtain financing for the Vendor;

(b) to comply with requirements of the Vendor’s lenders and bankers;
(c) to provide services and utilities to the Development and the Strata Lot including telephone, hydro, natural gas, and
cablevision;
(d) for insurance and warranty coverage for the Development for carrying out its services;
(e) to the property management company for the Development for carrying out its services;
(f) to a mortgage broker, if the Purchaser so requests, for the Purchaser’s mortgage application for the Purchaser’s purchase of
the Strata Lot;
(g) to provide such information to the Vendor’s Solicitors for all matters relating to this Agreement;
(h) to carry out and complete the purchase and sale of the Strata Lot to the Purchaser;
(i) to provide such information to the Vendor’s accountants for preparation of financial statements and tax returns inducing
GST returns;
(j) for reporting purposes to any trade or professional association governing the Vendor or any investigative body having
authority over the Vendor to the extent such information is required to be reported to such association or body;
(k) to facilitate communications between the Purchaser and the Vendor;
(l) to comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), and REDMA, and
regulations, rules and policies thereunder or relating thereto;

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Purchaser Purchaser Vendor

40121.162339.ATB.21940946.4 Page 12 of 14
 363  Unit No. 2209 
SL No. ______ ______

(m) to comply with the Freedom of Information and Privacy Act (British Columbia) and regulations, rules and policies
thereunder or relating thereto; and
(n) to disclose the information to any entities affiliated or connected with the Vendor in order that such entity(ies) may provide
the Purchaser with notice of real estate projects being developed by those affiliated entities.
The information that may be disclosed pursuant to this consent includes all information in, and copies of, this Agreement and all
schedules, addenda, attachments, and amendments to this Agreement.

The Purchaser also agrees to provide to the Vendor, the Vendor’s agents and solicitors, promptly upon request, any additional personal
information and/or documentation not contained herein that is required in order for such person to comply with the Proceeds of Crime
(Money Laundering) and Terrorist Financing Act (Canada) and regulations, rules and policies thereunder or relating thereto, and
acknowledges that the foregoing consent applies to any such personal information. The Purchaser covenants and agrees to provide
and to cause third parties to provide the Vendor, the Vendor’s listing agent and the Vendor’s Solicitors with all of the information
required to comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (Canada), REDMA, and regulations,
rules, policies thereunder or relating thereto.

INITIALS

Purchaser Purchaser Vendor

40121.162339.ATB.21940946.4 Page 13 of 14
 363  Unit No. 2209 
SL No. ______ ______

SCHEDULE “B”
Confirmation of Receipt of Disclosure Statement

I/we, the undersigned Purchaser(s) of Strata Lot No.363  _____, Unit No. 2209 
_____ (the “Strata Lot”) in the development
known as “LUCENT” and to be constructed on lands in Surrey, B.C. presently legally described as PID: 030-685-265,
LOT 2 SECTION 22 BLOCK 5 NORTH RANGE 2 WEST NEW WESTMINSTER DISTRICT PLAN EPP85947,
hereby acknowledge that I/we have received and have had a reasonable opportunity to read the Disclosure Statement
dated January 18, 2023 of Landa (TH) Limited Partnership, Landa (TH) GP Ltd. and Landa (TH) Holdings Ltd.,
including all amendments thereto, if any, filed to date (collectively, the “Disclosure Statement”), prior to the execution
of the Offer to Purchase and Agreement of Purchase and Sale for the Strata Lot dated as of today’s date (the
“Agreement”).

I/we acknowledge that it has been drawn to our attention that the Disclosure Statement relates to a development that is not
yet completed. Please refer to section 7.2 of the Disclosure Statement for information on the Agreement. That
information has been drawn to the attention of the undersigned Purchaser(s) who have confirmed that fact by initialling in
the spaces provided below.

Disclosure Statement dated January 18, 2023.

Purchaser Purchaser

Dated as of the date first above written.

Shahla  Haghi Tabrizi  
Purchaser Name (Please Print) Purchaser Signature

Purchaser Name (Please Print) Purchaser Signature

INITIALS

Purchaser Purchaser Vendor

40121.162339.ATB.21940946.4 Page 14 of 14
 ADDENDUM TO AGREEMENT OF PURCHASE AND SALE
(Third Party Stakeholder)

Date: ______________________
March 15, 2023 

BETWEEN: Landa (TH) Limited Partnership (the “Vendor”)

AND: ______________________________________________________________
Shahla  Haghi Tabrizi  (collectively, the “Purchaser”)

RE: Offer to Purchase and Agreement of Purchase and Sale dated the _____
15  day of March 
__________________,
20______,
23  and all schedules, addenda, and amendments thereto (collectively, the “Agreement”), between the
Vendor and the Purchaser with respect to the purchase and sale of Strata Lot ______
363  (Unit No.2209 
_____) (the
“Strata Lot”) substantially as shown on the Preliminary Strata Plan (as defined in the Agreement) in the
proposed development known as “Lucent” (the “Development”) to be constructed on a portion of lands in
Surrey, B.C. presently legally described as PID: 030-685-265, LOT 2 SECTION 22 BLOCK 5 NORTH
RANGE 2 WEST NEW WESTMINSTER DISTRICT PLAN EPP85947

Unless otherwise defined herein, capitalized terms in this Addendum shall have the meaning attributed to them in the Agreement.
Further to the Agreement, the undersigned hereby agree, for good and valuable consideration (the receipt and sufficiency of which
is hereby acknowledged), as follows:

1. Notwithstanding Sections 27(1) and (2) of the Real Estate Services Act (British Columbia), the Vendor and the Purchaser
hereby acknowledge, agree and accept that Lawson Lundell LLP (the “Vendor’s Solicitors”) will hold in trust all
deposit monies required to be paid by the Purchaser pursuant to the terms of the Agreement in respect of the Strata Lot
and will administer all trust monies in accordance with the provisions of the Real Estate Development Marketing Act
(British Columbia) (“REDMA”).
2. The First Deposit payable upon execution of the Agreement by the Purchaser will NOT be deposited into the Vendor’s
Solicitors’ trust account until after the expiry of the seven-day rescission period as set out in Section 21 of REDMA and
the Disclosure Statement filed in connection with the Development.
3. In the event the Purchaser does not exercise the Purchaser’s right to rescind the Agreement within the period of time
provided for in REDMA and the Disclosure Statement, the Deposit will be deposited into the Vendor’s Solicitors’ trust
account forthwith upon expiry of such rescission period.
4. The Purchaser hereby acknowledges having been given the opportunity to seek independent legal advice before
signing or accepting this Addendum with respect to the arrangements for holding the deposit monies in the
transaction contemplated under the Agreement.

This Addendum forms a part of and is subject to the terms and conditions set out in the Agreement. The Agreement, as amended
by this Addendum, remains in full force and effect, and all terms and conditions in the Agreement remain the same, except to the
extent expressly amended by this Addendum. This Addendum may be executed in several parts of the same form and such parts
when taken and read together shall be construed as if all the signing parties hereto have executed one copy of this Addendum.
Delivery of this Addendum may be made by email in PDF format and when so delivered shall be as effective as if delivered and
received personally.

Signed:

X________________________________ X ________________________________
(Witness) (Purchaser) Shahla  Haghi Tabrizi  

X________________________________ X ________________________________
(Witness) (Purchaser)

LANDA (TH) LIMITED PARTNERSHIP,

by its general partner LANDA (TH) GP LTD.

Per: ________________________________
(Authorized Signatory)

40121.162339.ATB.21999940.1
 ADDENDUM TO AGREEMENT OF PURCHASE AND SALE
(Colour Scheme)

Date: ______________________
March 15, 2023 

BETWEEN: Landa (TH) Limited Partnership (the “Vendor”)

AND: ______________________________________________________________
Shahla  Haghi Tabrizi  (collectively, the “Purchaser”)

RE: Offer to Purchase and Agreement of Purchase and Sale dated the _____
15  day of March 
__________________,
20______,
23  and all schedules, addenda, and amendments thereto (collectively, the “Agreement”), between the
Vendor and the Purchaser with respect to the purchase and sale of Strata Lot ______
363  (Unit No.2209 
_____) (the
“Strata Lot”) substantially as shown on the Preliminary Strata Plan (as defined in the Agreement) in the
proposed development known as “Lucent” to be constructed on a portion of lands in Surrey, B.C. presently
legally described as PID: 030-685-265, LOT 2 SECTION 22 BLOCK 5 NORTH RANGE 2 WEST NEW
WESTMINSTER DISTRICT PLAN EPP85947

Unless otherwise defined herein, capitalized terms in this Addendum shall have the meaning attributed to them in the Agreement.

Further to the Agreement, the undersigned hereby agree, for good and valuable consideration (the receipt and sufficiency of which
is hereby acknowledged), that the colour scheme for the Strata Lot shall be as selected below:

X  LIGHT
DARK

This Addendum forms a part of and is subject to the terms and conditions set out in the Agreement. The Agreement, as amended
by this Addendum, remains in full force and effect, and all terms and conditions in the Agreement remain the same, except to the
extent expressly amended by this Addendum. This Addendum may be executed in several parts of the same form and such parts
when taken and read together shall be construed as if all the signing parties hereto have executed one copy of this Addendum.
Delivery of this Addendum may be made by email in PDF format and when so delivered shall be as effective as if delivered and
received personally.

Signed:

X________________________________ X ________________________________
(Witness) (Purchaser)Shahla  Haghi Tabrizi  

X________________________________ X ________________________________
(Witness) (Purchaser)

LANDA (TH) LIMITED PARTNERSHIP,

by its general partner LANDA (TH) GP LTD.

Per: ________________________________
(Authorized Signatory)

40121.162339.BAW1.21779281.1
 AGENCY DISCLOSURE

Date: ______________________
March 15, 2023 
BETWEEN: Landa (TH) Limited Partnership (the “Vendor”)

AND: ______________________________________________________________
Shahla  Haghi Tabrizi 

______________________________________________________________ (collectively, the “Purchaser”)

RE: Offer to Purchase and Agreement of Purchase and Sale dated the _____ 15  day of __________________,
March 
20______,
23  and all schedules, addenda, and amendments thereto (collectively, the “Agreement”), between the
Vendor and the Purchaser with respect to the purchase and sale of Strata Lot ______363  (the “Strata Lot”)
substantially as shown on the Preliminary Strata Plan (as defined in the Agreement) in the proposed
development known as “Lucent” (the “Development”) to be constructed on a portion of lands in Surrey, B.C.
presently legally described as PID: 030-685-265, LOT 2 SECTION 22 BLOCK 5 NORTH RANGE 2 WEST
NEW WESTMINSTER DISTRICT PLAN EPP85947

Unless otherwise defined herein, capitalized terms in this Disclosure shall have the meaning attributed to them in the Agreement.
The undersigned hereby agree, for good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged
by the parties), as follows:

1. The Vendor has a brokerage agency relationship with:

a. Key Marketing Inc. (the “Listing Brokerage”) and Pollyanne Cordwell, Jimy Hon Chung Law, Lara Michelle
Callow, Nicholas Patrick Campbell, Tara Lynn Fluet, Muhammad Haykal Hashim, Rex Hua, Kulwinder Singh
Mann, Gurbir Kaur Somal, Wing-Yan Tsui, Karan Verma, Chan Wang, Ya Xin Zhang and Dao Zhong Zhang
as the Vendor’s Listing Brokerage representatives;

b. Regent Park Realty Inc., as First Co-Listing brokerage (the “First Co-Listing Brokerage”) and Angel Cheung
as the Vendor’s First Co-Listing Brokerage representative; and

c. Youlive Realty, as Second Co-Listing brokerage (the “Second Co-Listing Brokerage”) and Jawlun (Jordan)
Tai as the Vendor’s Second Co-Listing Brokerage representative.

Each individual representative of the Vendor listed above shall be referenced herein as the “Vendor’s
Salesperson/Agent”.

2. The Purchaser is an unrepresented purchaser/buyer and has signed the following corresponding documents:
DISCLOSURE OF REPRESENTATION IN TRADING SERVICES, and DISCLOSURE OF RISKS TO
UNREPRESENTED PARTIES.

OR

The Buyer has an agency relationship with: Century 21 Coastal Realty Ltd. 

as brokerage (“Selling Brokerage”) and Ashar  Siddiqui PREC  as their
representative (the “Purchaser’s Salesperson/Agent”) and the Purchaser is relying on the Selling Brokerage and
Purchaser’s Salesperson/Agent for advice in connection with the Agreement and the purchase of the Strata Lot.

3. While fully representing the Vendor as its agent, the Listing Brokerage, the First Co-Listing Brokerage, the Second Co-
Listing Brokerage and/or the Vendor’s Salesperson/Agent may assist the Purchaser in the following areas: (i) preparation
of the Offer; (ii) answering the Purchaser’s questions with respect to the Offer; and (iii) presenting the Offer to the Vendor.
Notwithstanding the foregoing, the Purchaser acknowledges and agrees that it does not have any agency relationship with
the Listing Brokerage, the First Co-Listing Brokerage, the Second Co-Listing Brokerage, the Vendor’s
Salesperson/Agent or the Vendor (including employees thereof).

40121.162339.ATB.22618930.2
 AGENCY DISCLOSURE

4. The Purchaser acknowledges that they have been advised and informed that the Purchaser has the right to seek
independent legal representation before proceeding further with the purchase of the Strata Lot.

This Disclosure may be executed in several parts of the same form and such parts when taken and read together shall be construed
as if all the signing parties hereto have executed one copy of this Disclosure. Delivery of this Disclosure may be made by email in
PDF format and when so delivered shall be as effective as if delivered and received personally.

Signed:

X________________________________ X ________________________________
(Witness) (Purchaser) Shahla  Haghi Tabrizi  

X________________________________ X ________________________________
(Witness) (Purchaser)

LANDA (TH) LIMITED PARTNERSHIP,

by its general partner LANDA (TH) GP LTD.

Per: ________________________________
(Authorized Signatory)

40121.162339.ATB.22618930.2
 C6 2 Bed / 2 Bath
Interior: 733
Exterior: 119
Total: 852

LEVEL 3

13 14
Privacy 10 11 12
Screen 15

01
BALCONY
02

03

AMENITY 04
LEVEL 3 LEVE
05
LEVEL 3 LEVE
13 14 08
LEVEL 3 10 11 12 LEVEL 17 06 07
13 14
15 0
0706
10 11 12
01 07
13 14 0815 09 05
07 06
10 11 12 02
15
01
10 08 05
06 03
AME
02
01 01
AMENITY 05 04 09 AM
LIVING 02
03
02
05
PRIMARY 03
AMENITY 04
AMENITY
03
06
BEDROOM AMENITY 04
05
04
07
06
A smarter way to live.

DW MW 05
LEVEL
08
07AMENITY4
MW 06
BEDROOM DW 09
08
KITCHEN 07
DW BEDROOM MW
09
08
KITCHEN 19 20
BEDROOM LIVING
09
18
KITCHEN DINING LEVEL 4 LEVEL
LIVING
LEVEL 4 21 LEVE
F
DINING
19
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20 08
LIVING 18 07
DINING LEVEL 4 LEVEL 18 01
F 1817
19 16
20
21
0706
08

DININGF LEVEL 3 19 20 16 LEVEL 17 08

01
21 09 02 05
18 17 07 15 06
MW 02
BALCONY 01
21 16 15 10 03 05
W.I.C. 17
13 14 08 06 09
03 0
0114
07 02
10 11 12BALCONY 01 14
1505

AMENITY
16

AMENITY
BATHROOM W/D 15
04
10
03 04
ENSUITE BALCONY 15
02 06 13
14
05 13
02

AMENITY
BATHROOM 01 04
01
W/D 12 04
W.I.C.
14
03 05
13
06
05
0312
AMENITY
02 05
02
BATHROOM 04 11
12
W/D W.I.C. AMENITY 07
KITCHEN 1303
05
03
06 06
11
W.I.C.
ENTRY PRIMARY AMENITY 1204 08
07 11
06 04
BEDROOM
1105
10
09
07
ENSUITE PRIMARY 08
ENTRY 07
DW W/D BEDROOM 10 AMENITY
08
ENTRY
F PRIMARY
ENSUITE
06
08
09

BEDROOM 1007
09
10
DW MW
ENSUITE LEVELS 5-16 09 LEVEL
08
BEDROOM 09 LEVELS 5-16 LEVEL
KITCHEN Privacy 19 20 08
18 07
Screen
LEVEL 3 LEVELS 5-16 LEVEL 17LEVEL 19-26
Privacy 19 20
21 0
LIVING 18 17 0706
Screen
LEVEL 4 LEVEL LEVEL
08 18 0901
DINING LEVEL 3
Privacy 1318 19 17 20
14
07 16
17 07
08LEVELS
21 09 5-16 05
06
ENTRY Screen 10 11 12
0201
15 21 16 15 10 10 05
F 19 17 20
08 09 06 08 06 03 09 0
13 14 18 07
07 14 02 01
10 11 12 01 01 01
16 05 1505 04
15 17
21 10 06 13 18 0203
10 19 20
06 02 02 14
0115 05
01
04 02
01 16 01 05 AMENITY
BEDROOM 05 03
14
03 12
13 03 04
06 21
02 02 02 05
BALCONY AMENITY 15 04 04 11
12 17
04 02 03
13 04 07
BATHROOM 03
14
03
AMENITY
05
03
05 11
06
01
16
AMENITY

0412 08
03
BATHROOM W/D AMENITY 04 04 07
AMENITY
13 06 06 10
05 0511 09
08 02
12 07 07
W.I.C.
MW 06 AMENITY
10 15
DW 06 09
11 08 08 03
10
07
BEDROOM 07
09 09
14
MW
DW
ENTRY
KITCHEN PRIMARY 08 08 04
BEDROOM 10 13
BEDROOM 09 09
ENSUITE
KITCHEN LIVING 05
DINING LEVEL 4 LEVEL 18 12
LIVING 06
F LEVEL 4 LEVELS
19 5-16
LEVEL
20 18 LEVEL
08 19-26
09 11
DINING 18 07
07
21 10
Privacy 19 20 17 20 06 08 09
F 18 19 08 09
18
Screen 16
07 01
07 01 08
05
17
21
17 06 02
21 10
06
10 10
BALCONY
01
15
01 01
02
01 09
16 16 05 03 05 04
14
02 0402
AMENITY

BATHROOM BALCONY 15 15 02 03 02
W/D
03 13 04
03 04
14 05
14 12
AMENITY

W.I.C. 04 04 03 03
BATHROOM W/D 13 06
13 11
05 05
12 07
W.I.C. 12
06 06
PRIMARY 11 08
ENTRY 11
BEDROOM 07 10 07
09
ENSUITE
PRIMARY 08 08
This is not anoffering
ENTRY for sale. Any such offering can only be made with a disclosure
statement. The developer reserves the right to make 10 10
BEDROOM
changes and modifications to the information contained herein without prior notice. The floorplan is intended to show the general configuration 09 09
ENSUITE
of the suites based upon the architectural plans for the building, not represent the exact square footage or dimensions. Some floorplans maybe
LEVELS 5-16 LEVEL 19-26
a mirror image of the floorplans shown. Balcony/patio sizes vary floor to floor. Dimensions, sizes, areas, specifications, layout and materials are
approximate only and subject to change without notice. E.&O.E.
LEVELS 5-16
Privacy 19 LEVEL
20 19-26 08 09
18 07
Screen
21 10
Privacy 20 17 08 09 06
18 19
07 01 01
Screen 16 05
21 10
17 06 02
15 02
01 01 04
16 05 03
14
02 04
15 02 03
13
03 04
 March 15, 2023 

Shahla  Haghi Tabrizi 

15  March 
23 
363  2209 

12,500.00

Shahla  Haghi Tabrizi  
 ADDENDUM TO AGREEMENT OF PURCHASE AND SALE
(Upgrades)

Date: March 15, 2023 
______________________

BETWEEN: Landa (TH) Limited Partnership (the “Vendor”)

AND: ______________________________________________________________
Shahla  Haghi Tabrizi  (collectively, the “Purchaser”)

RE: Offer to Purchase Agreement of Purchase and Sale dated the _____
15  day of __________________,
March  20______,
23 
and all schedules, addenda, and amendments thereto (collectively, the “Agreement”), between the Vendor and
the Purchaser with respect to the purchase and sale of Strata Lot ______
363  (Unit No. 2209 
_____) (the “Strata Lot”)
substantially as shown on the Preliminary Strata Plan (as defined in the Agreement) in the proposed
development known as “Lucent” to be constructed on a portion of lands in Surrey, B.C. presently legally
described as PID: 030-685-265, LOT 2 SECTION 22 BLOCK 5 NORTH RANGE 2 WEST NEW
WESTMINSTER DISTRICT PLAN EPP85947

Unless otherwise defined herein, capitalized terms in this Addendum shall have the meaning attributed to them in the Agreement.

Further to the Agreement, the undersigned hereby agree, for good and valuable consideration (the receipt and sufficiency of which
is hereby acknowledged), as follows:

UPGRADE ITEM COST PURCHASER INITIALS VENDOR INITIALS

Brilliant Smart Home System  $0.00

$0.00
TOTAL COST OF OPTIONS SELECTED (excluding applicable taxes): $__________________________________

All of the above prices are valid at the time of signing and include delivery and installation; prices exclude all applicable taxes.
Total options cost will appear on the Statement of Adjustments upon Completion.

This Addendum forms a part of and is subject to the terms and conditions set out in the Agreement. The Agreement, as amended
by this Addendum, remains in full force and effect, and all terms and conditions in the Agreement remain the same, except to the
extent expressly amended by this Addendum. This Addendum may be executed in several parts of the same form and such parts
when taken and read together shall be construed as if all the signing parties hereto have executed one copy of this Addendum.
Delivery of this Addendum may be made by email in PDF format and when so delivered shall be as effective as if delivered and
received personally.

Signed:

X________________________________ X ________________________________
(Witness) (Purchaser) Shahla  Haghi Tabrizi  

X________________________________ X ________________________________
(Witness) (Purchaser)

LANDA (TH) LIMITED PARTNERSHIP,

by its general partner LANDA (TH) GP LTD.

Per: ________________________________
(Authorized Signatory)

40121.162339.BAW1.21779271.1
 ADDENDUM TO AGREEMENT OF PURCHASE AND SALE
(Deposit Adjustment)

Date: March 15, 2023 
______________________

BETWEEN: Landa (TH) Limited Partnership (the “Vendor”)

AND: ______________________________________________________________
Shahla  Haghi Tabrizi  (collectively, the “Purchaser”)

RE: Offer to Purchase and Agreement of Purchase and Sale dated the _____ 15  day of __________________,
March 
20______,
23  and all schedules, addenda, and amendments thereto (collectively, the “Agreement”), between the
Vendor and the Purchaser with respect to the purchase and sale of Strata Lot ______
363  (Unit No. 2209 
_____) (the
“Strata Lot”) substantially as shown on the Preliminary Strata Plan (as defined in the Agreement) in the
proposed development known as “Lucent” to be constructed on a portion of lands in Surrey, B.C. presently
legally described as PID: 030-685-265, LOT 2 SECTION 22 BLOCK 5 NORTH RANGE 2 WEST NEW
WESTMINSTER DISTRICT PLAN EPP85947

Unless otherwise defined herein, capitalized terms in this Addendum shall have the meaning attributed to them in the Agreement.
Further to the Agreement, the undersigned hereby agree, for good and valuable consideration (the receipt and sufficiency of which
is hereby acknowledged), as follows:

Notwithstanding anything to the contrary in the Agreement, the Vendor and Purchaser acknowledge and agree that the total Deposit
amount payable by the Purchaser under the Agreement will be adjusted to $___________________________
114,735.00 which amount will
be payable as follows:

a)
a deposit (the “First Deposit”) of $10,000 payable upon presentation of the Offer to the Vendor:

b) 28,245.00
a further deposit (the “Second Deposit”) of $_______________ (being 5% of the Purchase Price less the amount of the First
Deposit) payable thirty (30) days after acceptance of the Offer by the Vendor:

c) 38,245.00
a further deposit (the “Third Deposit”) of $_______________ (being 5% of the Purchase Price) payable six (6) months after
the date on which the Second Deposit is payable:
d) 38,245.00 (being 5% of the Purchase Price) payable on the later of: (i) the
a further deposit (the “Fourth Deposit”) of $____________
date that is ten (10) business days after the Purchaser receives both the Amendments; and (ii) one (1) year after acceptance
of the Offer by the Vendor. Twenty One (21) Months

The Balance, being $____________________,

650,165.00 subject to adjustments described in the Agreement, will be paid by the Purchaser to
the Vendor on the Completion Date.

This Addendum forms a part of and is subject to the terms and conditions set out in the Agreement. The Agreement, as amended
by this Addendum, remains in full force and effect, and all terms and conditions in the Agreement remain the same, except to the
extent expressly amended by this Addendum. This Addendum may be executed in several parts of the same form and such parts
when taken and read together shall be construed as if all the signing parties hereto have executed one copy of this Addendum.
Delivery of this Addendum may be made by email in PDF format and when so delivered shall be as effective as if delivered and
received personally.

Signed:

X________________________________ X ________________________________
(Witness) (Purchaser) Shahla  Haghi Tabrizi  

X________________________________ X ________________________________
(Witness) (Purchaser)

LANDA (TH) LIMITED PARTNERSHIP,

by its general partner LANDA (TH) GP LTD.

Per: ________________________________
(Authorized Signatory)

40121.162339.ATB.22643172.1
 ADDENDUM TO AGREEMENT OF PURCHASE AND SALE
(Reduced Assignment Fee Addendum)
Date: March 15, 2023 
______________________
BETWEEN: Landa (TH) Limited Partnership (the “Vendor”)

AND: _________________________________________________________
Shahla  Haghi Tabrizi  (collectively, the “Purchaser”)

RE: Offer to Purchase and Agreement of Purchase and Sale dated the _____
15  day of __________________,
March  20______,
23 
and all schedules, addenda, and amendments thereto (collectively, the “Agreement”), between the Vendor and the
Purchaser with respect to the purchase and sale of Strata Lot ______
363  (Unit No. 2209 
_____) (the “Strata Lot”)
substantially as shown on the Preliminary Strata Plan (as defined in the Agreement) in the proposed development
known as “Lucent” to be constructed on a portion of lands in Surrey, B.C. presently legally described as PID: 030-
685-265, LOT 2 SECTION 22 BLOCK 5 NORTH RANGE 2 WEST NEW WESTMINSTER DISTRICT PLAN
EPP85947

Unless otherwise defined herein, capitalized terms in this Addendum shall have the meaning attributed to them in the Agreement.
Further to the Agreement, the undersigned hereby agree, for good and valuable consideration (the receipt and sufficiency of
which is hereby acknowledged), as follows:

1. The assignment fee payable under Section 11.1(b) of Schedule “A” to the Agreement is hereby reduced to 0% of the
Purchase Price, plus applicable taxes and a $750.00 fee for any associated legal and administrative costs, plus applicable
taxes, subject to and conditional upon the following:

(a) the Purchaser may only Assign the Agreement in accordance with Section 11 of Schedule “A” to the Agreement.

(b) the Purchaser shall pay the Vendor 0% of the Purchase Price, plus applicable taxes and a $750.00 fee for any associated
legal and administrative costs, plus applicable taxes prior to the effective date of the assignment agreement
contemplated under subsection (e) below;

(c) the assignee(s) acknowledge(s) and agree(s) to be bound by the terms of the Agreement and to observe and perform
all of the Purchaser’s obligations and liabilities thereunder;

(d) the Purchaser acknowledges and agrees that the Purchaser will not be relieved of their obligations under the Agreement,
but will continue to remain liable to perform all obligations of the Purchaser under the Agreement; and

(e) the Purchaser shall give prior written notice thereof to the Vendor, together with a copy of the Vendor’s form of
assignment agreement signed by the Purchaser and the assignee, and such other information as the Purchaser may be
obligated to provide to the Vendor pursuant to the Agreement including, without limitation, all information and records
and any additional information and records requested by the Vendor pursuant to the Real Estate Development
Marketing Act (British Columbia) (“REDMA”) or regulations thereto (as the same may be amended) from time to
time, and shall consent to and authorize the Vendor to make any filings with or disclose the aforesaid information and
records as required or permitted by REDMA or regulations thereto, as the same may be amended from time to time.
The Purchaser and assignee(s) shall also jointly and severally indemnify and save harmless the Vendor from any loss,
damage, liability, cost and expense (including without limitation, fines and penalties) suffered by the Vendor, or any
of its respective directors, officers, affiliates, agents or employees, directly or indirectly as a result of any
misrepresentation or false or misleading statement in any information and records provided to the Vendor in connection
therewith.

2. For greater certainty, the parties acknowledge that the addition or removal of a party to the Agreement is considered an
“assignment” under REDMA. Accordingly, in the event the Purchaser wishes to add an assignee or assignees as party(ies)
to the Agreement, such addition will be subject to and conditional upon prior satisfaction of the Purchaser’s and Approved
assignee(s) respective obligations under Section 1 above.

[Signature Page Follows]

40121.162339.BAW1.21779282.1
 ADDENDUM TO AGREEMENT OF PURCHASE AND SALE
(Reduced Assignment Fee Addendum)

This Addendum forms a part of and is subject to the terms and conditions set out in the Agreement. The Agreement, as amended
by this Addendum, remains in full force and effect, and all terms and conditions in the Agreement remain the same, except to
the extent expressly amended by this Addendum. This Addendum may be executed in several parts of the same form and such
parts when taken and read together shall be construed as if all the signing parties hereto have executed one copy of this
Addendum. Delivery of this Addendum may be made by email in PDF format and when so delivered shall be as effective as if
delivered and received personally.

Signed:

X________________________________ X ________________________________
(Witness) (Purchaser) Shahla  Haghi Tabrizi  

X________________________________ X ________________________________
(Witness) (Purchaser)

LANDA (TH) LIMITED PARTNERSHIP,

by its general partner LANDA (TH) GP LTD.

Per: ________________________________
(Authorized Signatory)

40121.162339.BAW1.21779282.1