1. REFUND PRIVILEGES: BUYER HAS THE OPTION TO CANCEL THIS AGREEMENT BY WRITTEN NOTICE TO THE SELLER BY MIDNIGHT OF THE SEVENTH DAY FOLLOWING THE SIGNING OF THIS AGREEMENT.
2. IMPROVEMENTS: All lots are surveyed by a Texas licensed registered surveyor, and all interior and access unpaved roads are completed. Access to and from property has been provided by Seller.
3. NO HIDDEN COSTS: The entire purchase price for the property is included in the cash price, which must be paid in U.S. dollars.
4. WARRANTY DEED: Seller, within 45 days, shall deliver to Buyer a recorded Warranty Deed to the land described subject to restrictions, easements and reservations of record.
5. PROPERTY TAXES: Buyer will be responsible for all property taxes assessed after the date of the agreement. Taxes will be collected from Buyer by Seller or its agent and are presently estimated to be $130.00 per year, (includes $20.00 administrative fee) per twenty-acre lot, based on present use. Tax amounts are determined by the average assessment by the County per 20 acre lot. Buyer will receive an invoice from Seller at the end of the year, to be paid within 30 days of receipt.
6. DEFAULT: If the buyer fails to make the final payment within 7 business days from the sale date (listed below), this agreement will become null and void, the down payment will than be refunded back to the Buyer in the same method used for the down payment.

The Property is described as follows:
Legal Description: UNIT(S): 402 TRACT(S): 5 SECTION: 16 BLOCK: 45.5 SURVEYS: PSL HUDSPETH COUNTY, TEXAS ACRES: 20

Rev 6-1-26