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5� placed thereon by Buyer; b. Seller owes no obligation and has contracted no liabilities affecting the real Property which might affect the consummation of the purchase described in this agreement; C. Seller shall at or prior to closing pay all obligations owed by Seller against the Property and /or business which is the subject of this agreement; d. Seller shall execute and deliver at closing to the Buyer such Warranty Deed and other instruments deemed necessary or proper to transfer to Buyer all the real Property being sold pursuant to this agreement. 6. Title Insurance. Buyer shall obtain at Buyer's expense a commitment from a Title Insurance Company licensed to do business in the State of Texas (the "Title Company ") to issue a standard policy of title insurance on the appropriate TLTA form in the amount of the purchase price. Said title report shall address the current status of the title with regard to the three - tenths (3/10) interest owned by Seller and conveyed herein. 7. Closing. The closing shall take place on or before March 1, 2003, at Young Title Company, Inc., 2765 N.E. Loop 286, Paris, Lamar County, Texas. At closing, the following will occur: a. Closing documents. The parties will execute and deliver the closing documents. b. Payment of purchase price. Buyer will deliver the purchase price and other amounts that Buyer is obligated to pay under this contract to title company in finds acceptable to the title company, and the adjUStmcnts thereto associated with the sale of the I- ropertyshallbemade. " fhercalter, followinganyotherdisbursementsorothercosts, the title company will be instructed to disburse the purchase price and other funds in accordance with this contract, record the deed and other closing documents directed -to be recorded, and distribute documents and copies in accordance with the parties' written instructions. 8. Termination. This contract shall be and is hereby made specifically subject to the conditions of termination of that commercial real estate purchase agreement by and between the Chamber of Commerce of Lamar County, Inc. and NEAT Properties, LLP, Limited Liability Partnership, dated January 13, 2003, a copy of which is attached hereto and for all purposes incorporated herein as Exhibit B, as said contract shall provide for termination by either the Chamber or NEAT Properties, and upon termination of said agreement in accordance with the terms of said agreement contract shall likewise be terminated and of no further force and effect. 9. Miscellaneous provisions. Page 4 of 7