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Buyer Agreement

BUYER AGREES TO COMPLETE THE TRANSFER OF OWNERSHIP AND REGISTER THIS VEHICLE WITHIN TEN (10) DAYS AFTER THE DATE ENTERED ON THE BILL OF SALE OR TRANSFER FORM EXECUTED BY THE SELLER. BUYER’S COMPLIENCE MUST BE PROVEN BY ONE OF THE FOLLOWING DOCUMENTS DATED WITHIN THE TIME PERIOD SPECIFIED; CERTIFICATE OF OWNERSHIP AND REGISTRATION OR FEE RECEIPT AND TEMPORARY OPERATING PERMIT OF ANY OTHER DOCUMENT PROVIDED BY THE CALIFORNIA DEPARTMENT OF MOTOR VEHICLES WHICH INDICATES THE BUYER IS THE CURRENT OWNER OF THE VEHICLE/VESSEL AND THAT SUCH VEHICLE/VESSEL IS DULY REGISTERED. BUYER WARRANTS THAT THEY SHALL ENDEMNIFY, HOLD HARMLESS, AND PAY REASONABLE ATTORNEY FEES AND COSTS TO THE SELLER AND THEIR AGENTS FOR ANY AND ALL CLAIMS ARISING OUT THE BUYER’S FAILURE TO TRANSFER AND REGISTER THE VEHICLE/VESSEL AS SET FORTH ABOVE. FAILURE TO REGISTER THE VEHICLE/VESSEL AS SET FORTH ABOVE WILL RESULT IN PENALTIES TO THE BUYER AS REQUIRED BY THE CALIFORNIA VEHICLE CODE. BUYER FURTHER UNDERSTANDS THAT THE VEHICLE/VESSEL IS PURCHASED AS IS, AND THAT THE SELLER HAS NO KNOWLEDGE OF THE MECHANICAL CONDITION OF THE VEHICLE/VESSEL, AND THAT THE VEHICLE/VESSEL IS BEING SOLD WITHOUT ANY GUARANTEES, EXPRESSED OR IMPLIED, AND THAT THE VEHICLE/VESSEL MAY OR MAY NOT COMPLY WITH CURRENT STATE OR FEDERAL SAFETY, SMOG, AND/OR OTHER REQUIREMENTS. IN ACCORDANCE WITH SECTION 5900 OF THE CALIFORNIA VEHICLE CODE, THE SELLER WILL NOTIFY THE DEPARTMENT OF MOTOR VEHICLES WITHIN FIVE (5), DAYS OF THIS TRANSFER GIVING THE DATE, VEHICLE DESCRIPTION, ODOMETER READING, AND THE BUYER’S NAME AND ADDRESS. BUYER ALSO UNDERSTANDS THAT UNLESS THEY ARE A LICENSED DEALER, OR UNLESS THE VEHICLE IS BEING PURCHASED FOR THE PURPOSE OF BEING WRECKED OR DISMANTLED, OR PURCHASED FOR EXCLUSIVE OFF-HIGHWAY USE, THAT CALIFORNIA LAW REQUIRES THE BUYER OBTAIN A CERTIFICATE OF COMPLIANCE OR NONCOMPLIANCE FROM AN ENHANCED SMOG STATION, ISSUED IN ACCORDANCE WITH SECTION 44015 OF THE HEALTH AND SAFETY CODE AND REGISTER THE VEHICLE WITH THE DEPARTMENT OF MOTOR VEHICLES. FAILURE TO COMPLY WITH THIS PROVISION WILL RESULT IN A LIEN AGAINST ANY VEHICLE OWNED BY THE BUYER PURSUANT TO SECTION 1076 OF THE REVENUE AND TAXATION CODE, ENFORCEABLE PURSUANT TO SECTION 10877 OF THE REVENUE AND TAXATION CODE AND ARTICLE 6 (COMMENCING WITH SECTION 9800) OF CHAPTER 6 OF DIVISION 3. BUYER SHOULD NOTE THAT THE LAST REGISTRATION FOR THIS VEHICLE HAS EXPIRED.