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Ref: Old City Hall <br />NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY <br />REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT <br />BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY <br />NUMBER OR YOUR DRIVER'S LICENSE NUMBER. <br />RIGHT OF FIRST REFUSAL <br />Date: ,June 1 , 2010 <br />Grantor: Texas State University -San Marcos, 601 University Drive, San Marcos, Hays <br />County, Texas 78666 <br />Grantee: City of San Marcos, Texas, 630 East Hopkins Street, San Marcos, Hays County, <br />Texas 78666 <br />Consideration: $10.00 and other good and valuable consideration, the receipt of which is hereby <br />acknowledged. <br />Term: 10 years <br />Property: <br />0.14 acres, more or less, being a portion of the south half of Lot 1, Block 20, ORIGINAL TOWN <br />OF SAN MARCOS, San Marcos, Hays County, Texas, according to the map or plat thereof <br />recorded in Volume 46, Page 448, Deed Records of Hays County, Texas, and being more <br />particularly described by metes and bounds in Exhibit "A ", attached hereto. <br />Right of First Refusal Granted: <br />For the Consideration, Grantor, during the Term, grants to Grantee the exclusive right to <br />purchase the Property, with all improvements and appurtenances, as follows: <br />1. Right of First Refusal To the extent Grantor is authorized to sell the Property to <br />Grantee without soliciting public bids under applicable law, before Grantor may solicit bids or <br />agree to sell the Property to any other person or entity, Grantor shall first notify the Grantee that <br />Grantor intends or desires to sell the Property. <br />a. Receipt of Bona Fide Offer If Grantee intends to sell the Property in <br />response to a bona fide offer to purchase the Property, the notice provided to Grantee <br />shall disclose the terms and conditions of any bona fide offer for the purchase of the <br />Property that Grantee desires to accept. Grantee shall have the right and option to <br />purchase the Property on the same terms and at the same price as the bona fide offer <br />disclosed in the notice. Grantee will have 90 days after receipt of the notice to notify the <br />Grantor of Grantee's intent to exercise the right and option to purchase the Property. <br />Upon the Grantee's delivery of such notice, the parties shall execute an agreement for the <br />