Real Estate Corporate Contract

REAL ESTATE CORPORATE CONTRACT

Parties and Effective Date

This Real Estate Corporate Contract (the Agreement) is entered into by and between:

Effective Date:

Property Identification

Purchase and Financial Terms

Purchase Price: $   Earnest Money Deposit: $

Deposit due within days after Effective Date. Earnest money shall be held in escrow and applied to the Purchase Price at Closing, unless otherwise provided herein.

This Agreement is: Contingent upon Buyer obtaining financing Not contingent upon financing

Buyer shall have days from Effective Date to secure a written loan commitment. Failure to obtain financing within that period permits Seller to terminate the Agreement unless Seller elects to extend.

Inspection, Due Diligence and Access

Inspection Period: Buyer shall have days from Effective Date to conduct inspections and investigations. Seller shall permit reasonable access for such purposes.

Structural Mechanical / Systems Environmental / Hazardous Materials Title and Survey Review

Closing and Possession

Closing Date:   Possession Date:

At Closing, Seller shall deliver to Buyer good and marketable title free of liens and encumbrances except those permitted by this Agreement. Closing shall occur at the office of the Escrow Agent unless otherwise agreed in writing.

Disclosures

Seller represents and discloses the following (check applicable):

Lead-Based Paint (if property built before 1978): Yes No

Known Mold or Moisture Damage: Yes No

Prior Structural Damage or Repairs: Yes No

Zoning Violations or Notices of Noncompliance: Yes No

Title, Survey and Closing Costs

Title Insurance: Seller will provide Buyer will obtain at Buyer's expense

Closing Costs: Unless otherwise agreed, customary closing costs shall be apportioned in accordance with local practice. Transfer taxes and documentary fees shall be paid by

Representations, Warranties and Covenants

Seller represents that it is a duly organized and validly existing corporation with full corporate power and authority to enter into and perform this Agreement; the execution and delivery of this Agreement and the transactions contemplated hereby have been duly authorized by all necessary corporate action.

Buyer represents that it has the corporate power and authority to execute this Agreement and, upon performance, will be vested with title in accordance with this Agreement. Each party covenants to execute and deliver any additional instruments reasonably necessary to effectuate the transfer contemplated herein.

Default and Remedies

If Buyer defaults in performance, Seller may retain the Earnest Money as liquidated damages, unless Seller elects to pursue specific performance or other remedies available at law or in equity. If Seller defaults, Buyer may seek specific performance or terminate and have the Earnest Money returned, together with any other remedies permitted by law.

The prevailing party in any action to enforce this Agreement shall be entitled to recover reasonable attorneys' fees and costs from the non-prevailing party.

Environmental and Hazardous Materials

Seller warrants that, to Seller's knowledge, the Property is not subject to any underground storage tanks, hazardous waste releases, or other contamination except as disclosed above. Buyer shall have the right to conduct environmental investigations during the Inspection Period. Seller shall fully cooperate with such investigations.

Notices

Notices under this Agreement must be in writing and delivered to the addresses set forth below by hand delivery, nationally recognized overnight courier, or certified mail (return receipt requested).

Governing Law, Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the state where the Property is located. This document constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements, whether written or oral, relating to the subject matter hereof. Any amendment must be in writing signed by both parties.

Miscellaneous Provisions

Assignment: Neither party may assign its rights or obligations under this Agreement without the prior written consent of the other, except that Buyer may assign to an affiliate or lender in connection with financing.

Severability: If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

Acknowledgment of Corporate Authority

Each individual signing below on behalf of a corporation certifies that he or she is authorized to execute this Agreement on behalf of the corporation and to bind the corporation to the terms and conditions of this Agreement.

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