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DocuSign Envelope ID: FGFB5B9B-662A-46B1-A201-813Bl DCB07EA Commercial Contract - Unimproved Property concerning W Main, La Porte, Ix 77571 satisfy at closing or Buyer will assume at closing; or (b) the items show that any part of the Property lies in a special flood hazard area (an "A" or "V" zone as defined by FEMA). If the commitment or survey is revised or any new document evidencing a title exception is delivered, Buyer may object in writing to any new matter revealed in such revision or new document. Buyer's objection must be made within the same number of days stated in this paragraph, beginning when the revision or new document is delivered to Buyer. If Paragraph 613(1) applies, Buyer is deemed to receive the survey on the earlier of: (i) the date Buyer actually receives the survey; or (il) of the deadline specified in Paragraph 6B. (2) Seller may, but is not obligated to, cure Buyers timely objections within 15 days after Seller receives the objections. The closing date will be extended as necessary to provide such time to cure the objections. If Seller fails to cure the objections by the time required, Buyer may terminate this contract by providing written notice to Seller within 5 days after the time by which Seller must cure the objections. If Buyer terminates, the earnest money, less any independent consideration under Paragraph 713(1), will be refunded to Buyer. (3) Buyer's failure to timely object or terminate under this Paragraph 6C is a waiver of Buyer's right to object except that Buyer will not waive the requirements in Schedule C of the commitment. A. Present Condition: Buyer accepts the Property In Its present condition except that Seller, at Seller's expense, will complete the following before closing; NIA --- . . .. . ........... . - B. Feasibility R-edod: Buyer may terminate this contract for any reason within 45 days after the effective date (feasibility period) by providing Seller written notice of termination. (1)Independent Consideration, (Check only one box and insert amounts.) (a) If Buyer terminates under this Paragraph 7B, the eamest money will be refunded to Buyer less $ zero that Seller will retain as independent consideration for Buyer's unrestricted right to terminate. Buyer has tendered the independent consideration to Seller upon payment of the amount specified in Paragraph 5A to the title company. The independent consideration is to be credited to the sales price only upon closing of the sale. If no dollar amount is stated in this Para graph713(1) or if Buyer fgils to deposit the egrnest--mgney, Buyer will not have the right to terminate under this Paragraph 7B. F1 (b) Not later than 3 days after the effective date, Buyer must pay $ as independent consideration for Buyer's right to terminate by tendering such amount to the title company. Buyer authorizes escrow agent to release and deliver the independent consideration to Seller at any time upon Seller's request without further notice to or consent from Buyer. If Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer and Seller will retain the independent consideration. The independent consideration will be credited to the sales price only upon closing of the sale. If no dollar amount Is stated in this Paragraph 76(2) or if Buyer falls LQ-12ay the independent consideration Buyer will not have the right to terminate under tbig Paragraph -713. (2) Feasibility Period Extension: Prior to the expiration of the initial feasibility period, Buyer may extend the feasibility period for a single additional period of days by delivering $ to the title company as additional earnest money. (a) $ of the additional earnest money will be retained by Seller as additional independent consideration for Buyer's unrestricte right to D will be credited to the (TXR-1802) 07-08-22 Initialed for Identification by Seller_ and Buyqlr - Page 4 of 15 Main Properties, 1014S2nd St La Porte I'V77.571 Phone: U32-279-5674 Fax: M1.471.M1 W Alain La Porte Raw Mario Wiftlarns Produced with Lone Wolf Transactlons (zipForm Edftfon) M N Harwood St, Sulte 2200, Dallas, TX 75201 ymmWILcom