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DocuSign Envelope to: FCFB5B9B-662A46BI-A201-B13BIDCB07EA Commercial Contract - Unimproved Property concerning 2LMajn.La Porte . Tx 77571 F. Any party who wrongfully fails or refuses to sign a release acceptable to the title company within 7 days after receipt of the request will be liable to the other party for: (I) damages; (ii) the earnest money; (III) reasonable attorney's fees; and (iv) all costs of suit. G. [] Seller [] Buyer intend(s) to complete this transaction as a part of an exchange of like -kind properties In accordance with Section 1031 of the Internal Revenue Code, as amended. All expenses In connection with the contemplated exchange will be paid by the exchanging party. The other party will not incur any expense or liability with respect to the exchange. The parties agree to cooperate fully and in good faith to arrange and consummate the exchange so as to comply to the maximum extent feasible with the provisions of Section 1031 of the Internal Revenue Code. The other provisions of this contract will not be affected in the event the contemplated exchange falls to occur. 19. MATERIAL FACTS: To the best of Sellers knowledge and belief: (Check only one box.) A. Seller is not aware of any material defects to the Property except as stated in the attached Commercial Property Condition Statement (TXR-1408). ❑ B. Except as otherwise provided in this contract, Seller is not aware of: (1) any subsurface: structures, pits, waste, springs, or improvements; (2) any pending or threatened litigation, condemnation, or assessment affecting the Property; (3) any environmental hazards or conditions that materially affect the Property; (4) whether the Property Is or has been used for the storage or disposal of hazardous materials or toxic waste, a dump site or landfill, or any underground tanks or containers; (5) whether radon, asbestos containing materials, urea -formaldehyde foam insulation, lead -based paint, toxic mold (to the extent that it adversely affects the health of ordinary occupants), or other pollutants or contaminants of any nature now exist or ever existed on the Property; (6) any wetlands, as defined by federal or state law or regulation, on the Property; (7) any threatened or endangered species or their habitat on the Property; (8) any present or past infestation of wood -destroying insects in the Property's improvements; (9) any contemplated material changes to the Property or surrounding area that would materially and detrimentally affect the ordinary use of the Property; (10) any condition on the Property that violates any law or ordinance. (Describe any exceptions to (I)-(10) in Paragraph 12 or an addendum,) 20. NOTICES: All notices between the parties under this contract must be In writing and are effective when hand -delivered, mailed by certified mail return receipt requested, sent by a national or regional overnight delivery service that provides a delivery receipt, or sent by confirmed facsimile transmission to the parties addresses or facsimile numbers stated in Paragraph 1. The parties will send copies of any notices to the broker representing the party to whom the notices are sent. XA. Seller also consents to receive any notices by e-mail at Seller's e-mail address stated in Paragraph 1. B. Buyer also consents to receive any notices by e-mail at Buyer's e-mail address stated in Paragraph 1. 21. DISPUTE RESOLUTION: The parties agree to negotiate in good faith in an effort to resolve any dispute related to this contract that may arise. If the dispute cannot be resolved by negotiation, the parties will submit the dispute to mediation before resorting to arbitration or litigation and will equally share the costs of a mutually acceptable mediator. This paragraph survives termination of this contract. This paragraph does not preclude a party from seeking equitable relief from a court of competent Jurisdiction. 22. AGREEMENT OF THE PARTIES: A. This contract is binding on the parties, their heirs, executors, representatives, successors, and permitted assigns. This contract is to be construed In accordance with the laws of the State of Texas. If any Corm or condition of this contract shall be hold to be Invalid or LtrWgnfor%@qbIe, the remainder of this (TXR-1802) 07-08-22 Initialed for Identification by Seller and Buy r Page 11 of 15 G__ Main Properties, 1014 S 2nd St LaPorte TK 77571 Phone; 832-279-5674 Fati:281.471,0231 W Main La Porte Rosa Maria Williams Produced with Lone Wolf Transactions (ApForm Edition) 717 N fianvond St, Suite 2200, Dallas, TX 78201