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. THIS MAY RESULT IN ADDITIONAL
PENALTIES AND FEES REQUIRED TO REGISTER THIS VEHICLE WITH THE DEPARTMENT
OF MOTOR VEHICLES.
