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<br />Commercial Contract - Improved Property concerning 1402 West Hopkins Street, San Marcos <br /> <br />(4) Return of Property Information: If this contract terminates for any reason, Buyer will, not later than <br />10 days after the termination date: (i) return to Seller all those items described in Paragraph 7B(1) <br />that Seller delivered to Buyer and all copies that Buyer made of those items; and (ii) deliver copies <br />of all inspection and assessment reports (excluding economic feasibility studies) related to the <br />Property that Buyer completed or caused to be completed. This Paragraph 7B(4) survives <br />termination of this contract. <br /> <br />(5) Contract Affectinq Operations: After Buyer's right to terminate under Paragraph 7B(3) expires, <br />Seller may not enter into, amend, or terminate any other contract that affects the operations of the <br />Property without Buyer's prior written approval. <br /> <br />8. BROKERS: <br /> <br />A. The brokers to this sale are: <br /> <br />Cooperating Broker <br /> <br />SKILES & ASSOCIATES REAL ESTATE <br />License No. Principal Broker 0419170 License No. <br /> <br />Address <br /> <br />100 N. EDWARD GARY SUITE A SM 78666 <br />Address <br /> <br />Phone <br /> <br />(512)353-3232 <br />Fax Phone <br /> <br />(512)353-2916 <br />Fax <br /> <br />Cooperating Broker represents buyer. <br /> <br />Principal Broker: (Check only one box) <br />IX! represents Seller only. <br />D represents Buyer only. <br />D is an intermediary between Seller and Buyer. <br /> <br />B. Fees: (Check only one box.) <br /> <br />D (1) Seller will pay Principal Broker the fee specified by separate written commiSSion agreement <br />between Principal Broker and Seller. Principal Broker will pay Cooperating Broker the fee specified <br />in the Agreement Between Brokers found below the parties' signatures to this contract. <br /> <br />D (2) At the closing of this sale, Seller will pay: <br /> <br />Cooperating Broker a total cash fee of: <br />D % of the sales price. <br />D <br /> <br />Principal Broker a total cash fee of: <br />D % of the sales price. <br />IX! $15920.00 <br /> <br />The cash fees will be paid in HAYS County, Texas. Seller authorizes <br />escrow agent to pay the brokers from the Seller's proceeds at closing. <br /> <br />NOTICE: Chapter 62, Texas Property Code, authorizes a broker to secure an earned commission <br />with a lien against the Property. <br /> <br />C. The parties may not amend this Paragraph 8 without the written consent of the brokers affected by the <br />amendment. f /J j)~ ¡))O' <br /> <br />9. CLOSING: :¡;IJd' ''': Z()ør <br /> <br />A. The closing of the sale will be on or before Mil, 1-4, E604" <br /> <br />or within 7 days after <br />objections to title have been cured, whichever date is later (the closing date). If either party fails to close <br />by the closing date, the non-defaulting party may exercise the remedies in Paragraph 15. <br /> <br />(TAR-1801) 2-6-02 <br /> <br />Initialed for Identification by Buyer ~. _ Seller ~. 2ð <br /> <br />Page 6 of 14 <br /> <br />Produced with ZipForm.... by RE FormsNet, LLC 18025 Fifteen Mile Road, Clinton Township. Michigan 48035, (800) 383-9805 <br /> <br />T6285880.zFX <br />