• Initial Distribution: $

• Initial Distribution Date: $

• Subsequent Distribution: $

• Interest Rate (per annum):

• Length of Capital Distributions: Years

• Monthly Distribution: $

• Monthly Distribution Date: Beginning , contributions will be made on the 1st of each subsequent month until the Subsequent Distribution amount is fulfilled.

Deferred Distribution Amount: $

Deferred Distribution Due Date: (if applicable):

Distribution Type:

Additional Distributions:

Upon closing, the Buyer assumes full responsibility for all property taxes, insurance, and any other applicable assessments associated with the property. These obligations will commence immediately following the closing date and continue for the duration of ownership. Buyer will provide documentation of completed transactions to Seller as completed for yearly insurance renewals, HOA management fees, and property taxes (county/school/MUD) paid yearly. Seller will be added as an ASSIGNEE on homeowners policy and notified of any claims processed for policy to be purchased by closing date.

VI. Sale of Another Property.

Buyer’s performance under this Agreement: (check one)

- X - Shall not be contingent upon selling another property.

- ☐ - Shall be contingent upon selling another property at ________________________, City of ____________________, State of

________________________ within ____ days from the Effective Date.

VII. Closing Costs.

Closing costs shall be the responsibility of X Buyer ☐ Seller ☐ Both Parties. Costs include but are not limited to title search, preparation of the deed, transfer taxes, recording fees, and other standard costs by the title company.

VIII. Funds at Closing.

Funds must be provided in cash, interbank electronic transfer, money order, certified check, or cashier’s check drawn on a financial institution located in the State, or a combination thereof that allows conversion to cash no later than the next business day.

IX. Closing.

The transaction shall be closed within days of the execution of the contract, or earlier at a mutually agreed-upon title company office. Any extension of this period must be agreed upon in writing. Real estate taxes, rents, dues, fees, and expenses for the year of sale shall be prorated as of Closing. Taxes for prior years shall be the responsibility of the Seller.

X. Survey.

Buyer may obtain a survey before Closing to check for defects, encroachments, boundary disputes, or other issues. The cost of the survey is Buyer’s responsibility. Buyer must notify Seller of any Survey Problems not later than 3 business days before Closing. Seller must remedy defects within 3 business days before Closing. If Seller fails to remedy, Buyer may cancel the Agreement and receive a return of the Down Payment Deposit.

XI. Mineral Rights.

All rights under the soil, including water, gas, oil, and minerals, shall be transferred by Seller to Buyer at Closing.

XII. Title.

Seller shall convey title by warranty deed or equivalent. The Property may be subject to restrictions from documents noted in the Title Search Report. Upon execution of this Agreement, Seller will order and deliver the Title Search Report to Buyer. Buyer has 3 business days to notify Seller of any unacceptable matters. Seller has 3 business days to remedy objections. If defects are not remedied, Buyer may cancel the Agreement and receive a return of the Down Payment Deposit. Buyer shall receive a standard title insurance policy insuring marketable title in the amount of the total value of the property.

XIII. Property Condition.

Seller agrees to maintain the Property in its current condition until Closing, subject to ordinary wear and tear. Buyer must perform their own inspections and provide copies of all tests and reports to Seller at no cost. Buyer will pay $100 OPTION FEE for 10 days of inspections from the execution of the contract, or an earlier agreed-upon date, to hire contractors for further inspection. Buyer must present any new property disclosures to Seller by the same deadline. Buyer and Seller have 3 business days to agree on new disclosures. If no agreement is reached, the Agreement will be terminated, and the Down Payment Deposit will be returned. In addition a $100 OPTION FEE will be awarded to Seller within 3 business days of termination. If Buyer does not inspect or provide notice, Buyer accepts the Property in its current condition. If improvements are damaged before Closing, Buyer may terminate the Agreement.

XIV. Seller’s Indemnification.

After recording, Buyer accepts the Property AS IS, WHERE IS, with all defects, latent or otherwise. Seller, their agents, or any other representative is not bound by any representations or warranties except those specifically stated in this Agreement or property disclosures based on Seller’s knowledge.

XV. Appraisal.

Buyer’s performance under this Agreement: (check one)

- ☐- Shall not be contingent upon the appraisal being equal to or greater than the value of the property.

- ■ - Shall be contingent upon the appraisal being equal to or greater than the value of the property. The Buyer shall be responsible for the appraisal fee. If the Property does not appraise or if lender-required repairs are discovered, the Parties have 10 business days to re-negotiate. If no agreement is reached, the Agreement terminates, and the Down Payment Deposit is returned.

XVI. Required Documents.

Prior to Closing, the Parties agree to authorize all necessary documents in good faith to record the transaction as required by the recorder, title company, lender, or other entities.

XVII. Termination.

If this Agreement is terminated as provided, absent default, Down Payment Deposit shall be returned to Buyer within 3 business days, and all parties are relieved of their obligations.

XVIII. Sex Offenders.

Section 2250 of Title 18, United States Code, makes it a federal offense for sex offenders required to register under SORNA to fail to register or update their registration. Violations may result in fines and imprisonment. For more information, visit NSOPW .

XIX. Miscellaneous.

This Agreement shall be binding upon and benefit the heirs, successors, and assigns of the Parties. No modification or waiver shall be valid unless in writing and signed by both Parties. This Agreement constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings. If any provision is held to be invalid, the remaining provisions shall continue in full force and effect.

XX. Assignment

(a) Buyer may assign this Contract to any third party, and Seller will cooperate in transferring title. Buyer, Assignee, or third party will cover any additional transfer tax unless agreed otherwise in writing.

(b) Upon assignment, Seller releases Buyer and related parties from any claims related to this Contract and will look to the Assignee for any claims.

(c) Seller agrees to honor the Contract with the Assignee and understands that the Contract may be assigned without Seller’s consent. The Contract binds the parties and their successors, and Buyer can assign it without Seller's consent.

(d) Seller cannot assign this Contract without Buyer's written consent.

XXI. Memorandum of Contract

Seller agrees that Buyer may, individually, execute, acknowledge and record a memorandum of this contract in the form attached hereto, incorporated herein and titled as the "Memorandum of Contract.” Seller also agrees that Buyer, individually, may deliver the Memorandum of Contract to the Escrow Agent for purpose of recording, and the Escrow Agent shall record the Memorandum of Contract in the Official Registry of Deeds in the County where the subject property is located, upon instruction from the buyer.

XXII. LLC Cooperation

The Seller agrees to temporarily go onto the Buyer’s entity for a period not exceeding 10 days to assist in the refinancing of the property into the Buyer’s LLC. The purpose of this temporary arrangement is to facilitate a smooth and easy transition of the property ownership to the Buyer’s LLC. During this period, the Seller shall cooperate with the Buyer and provide necessary documentation and assistance to complete the refinancing process. The Seller’s involvement in the Buyer’s entity shall be limited to activities directly related to the refinancing of the property and shall not extend beyond the agreed-upon 30-day period. The Seller agrees to act in good faith and in the best interests of both parties during this transitional period.

XXIII. Performance Clause

If the Buyer is unable to close within days, the property shall revert to the Seller pursuant to this Performance Clause. The Buyer will continue to make monthly or yearly mortgage payments to the Seller as agreed. In the event of any missed payments, the Seller reserves the right to reclaim the property without further obligation to the Buyer. Any improvements, renovations, or enhancements made by the Buyer to the property shall be deemed for the Seller's benefit, and the Buyer waives any claim to the value of such improvements. Furthermore, the Buyer agrees to forfeit any down payments, monthly payments, or other financial contributions made towards the property. Upon reversion or repayment, the Seller agrees to release the Buyer from any and all claims,

liabilities, or further actions arising from this agreement. The Buyer and Seller both waive the right to pursue any legal action against the other party in connection with this transaction, ensuring a full and final settlement of all obligations.

XXV. Additional Terms

XXVI. Inspection Period and Right of Withdrawal:

The Buyer shall have the right to conduct a walkthrough inspection of the property. Following the inspection, the Buyer shall have a period of 15 days to decide whether to proceed with the Agreement. If the Buyer is not satisfied with the condition of the property, they may elect to withdraw from the contract and retrieve their Down Payment Deposit in full, with no further obligations.

XXVII. Notice.

All notices required under this Agreement shall be in writing and delivered by hand, certified mail, return receipt requested, or via electronic mail.

XXVIII. Signatures.

The Parties agree to execute all necessary documents to finalize this Agreement and to carry out its intent.