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<br />CBRE, INC.
<br />BROKERAGE AND MANAGEMENT
<br />LICENSED REAL ESTATE BROKER
<br />FOR PROPERTY AT: South IH -35 and Cottonwood Pkwy., San Marcos, Texas
<br />As to sales of unimproved /improved real property, Broker's commission shall be * *See attached Exhibit A ** of the gross sales price.
<br />Gross sales price shall include any and all consideration received or receivable, in whatever form, including but not limited to
<br />assumption or release of existing liabilities The ......,missiol, A-11 ho .,. A ,,,ho...,..... -A -- — A-- ,.1,_, - -4r - .. -_ -__. aL- ._.-_t _- -_ -- -- - -- _r
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<br />there is no escrow, then upon recordation of the deed; provided, however, that if the transaction involves an installment contract, then
<br />payment shall be made upon execution of such contract. In the event Owner contributes or conveys the Property or any interest
<br />therein to a joint venture, partnership, or other business entity, the commission shall be calculated on the fair market value of the
<br />Property, less the value of the interest in the Property retained by or transferred to Owner, as the case may be, and shall be paid at the
<br />time of the contribution or transfer. If Owner is a partnership, corporation, or other business entity, and an interest in the partnership,
<br />corporation or other business entity is transferred, whether by merger, outright purchase or otherwise, in lieu of a sale of the Property,
<br />and applicable law does not prohibit the payment of a commission in connection with such sale or transfer, the commission shall be
<br />calculated on f.. ..u. et value o f t he Property,, y, ra t her than t he gross sales price, multiplied by the percentage or
<br />-interest so
<br />transferred, and shall be paid at the time of the transfer.
<br />The provisions hereof are subject to the terms and provisions of any Exclusive Sales Listing Agreement, to which this Schedule may
<br />be attached and which is executed by the parties hereto.
<br />Owner hereby acknowledges receipt of a copy of this Schedule and agrees that it shall be binding upon its heirs, successors and
<br />assignees. In the event Owner sells or otherwise disposes of its interest in the Property, Owner shall remain liable for payment of the
<br />commissions provided for in this Schedule and anv agreement of which it is a part, including, without limitation, the corr -z6nn
<br />obligations set forth hereinabove, unless the purchaser or transferee assumes all of such obligations in writing. The term "Owner" as
<br />used herein shall be deemed to include the owner of the Property, a party under contract to acquire the Property.
<br />BROKER:
<br />CBRE, INC.
<br />Licensed Real Estate Br ker
<br />By: .1 �/- � 1`�"�°i
<br />Name: Scott Senese
<br />Title: Senior Managing Director
<br />Address: 100 Congress Ave. Suite 500
<br />Austin, TX 78701
<br />Telephone: 512- 499 -4912
<br />1
<br />Date:
<br />OWNER:
<br />City of San Marcos, Texas
<br />By: lviiu
<br />Name: Ja&. *�er S+ W C U( 1t,
<br />AMA-
<br />Title:City Manage
<br />Address: 630 East Hopkins, San Marcos, Texas
<br />Telephoner �is+,%i _ 1/7-',
<br />Date:
<br />Page 1 of 1
<br />10/2011
<br />Texas
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