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Contract Concerning 20e5 Fitzhuqh (Address of PropeRy) Paris, 75460 Page 7 of 8 06-30-08 22. AGREEMENT OF PARTIES: This contract contains the entire agreement of the parties and cannot be changed except by their written agreement. Addenda which are a part of this contract are (Check all applicable boxes): ❑ Third Party Financing Condition Addendum ❑ Seller Financing Addendum ❑ Addendum for "Back-Up" Contract ❑ Addendum for Coastal Area Property ❑ Addendum for Property Subject to Mandatory Membership in a Property Owners' Association ❑ Buyer's Temporary Residential Lease ❑ Seller's Temporary Residential Lease ❑ Addendum for Sale of Other Property by Buyer ❑ Addendum Containing Required Notices Under §5.016, §420.001 and §420.002, Texas Property Code ❑ Environmental Assessment, Threatened or Endangered Species and Wetlands Addendum ❑ Addendum for Property Located Seaward of the Gulf Intracoastal Waterway ❑ Addendum for Seller's Disclosure of Information on Lead-based Paint and Lead-based Paint Hazards as Required by Federal Law D Other (list): 23. TERMINATION OPTION: For nominal consideration, the receipt of which is hereby acknowledged by Seller, and Buyer's agreement to pay Seller $ (Option Fee) within 2 days after the effective date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date of this contract. tf no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestncted cight to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any earnest money will be refunded to Buyer. The Option Fee ❑ will ❑ will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for pertormance is required. 24. CONSULT AN ATTORNEY: Real estate licensees cannot give legal advice. READ THIS CONTRACT CAREFULLY. If you do not understand the effect of this contract, consult an attorney BEFORE signing. Buyer's Seller's Attorney is: Attorney is: Telephone: Telephone: Facsimile: Facsimile: E-mail: E-mail: EXECUTED the day of , (EFFECTIVE DATE). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) s ~ BUy@r Louis John y ExumJ SellBrLouise Seals Buyer Seller The fortn of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real I estate licensees. No representation is made as to the legal validiry or adequacy of any provision in any specific transactions. It is not I intended for complex Vansactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512) 459- 6544 (http:f/www.trec.state.bc.us) TREC N0. 20-8. This form replaces TREC N0. 20-7. (TAR 1601) 06-30-08 TREC NO. 20-8 Pa9e 7 ot e Produced with ZipForm@ by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zioLoaix.com T4722286.ZFX 000056