CONTRACT TERMINATION

THIS CONTRACT TERMINATION dated this _____ 20 March

day of _________________, 18
20____,
(“Termination Date”) is in reference to the Agreement for Purchase & Sale of Real Estate dated
22
______ February
day of ____________________, 20____,
18 (“Agreement”) by and between
Tyrick Jones
________________________ (“Seller”) and Situation Solutions One, Inc. (“Buyer”),
310 Chapel Street, Hampton, VA 23669
collectively referred to as “Partied,” for the property located at ___________________________
___________________________________(“Property”).

Buyer has chosen to exercise their unilateral right to terminate the Agreement for the following
reason(s):
X
_____ Unsatisfactory Feasibility Study per section 5 of the Purchase
Agreement.
_____ Expiration of Contact/Closing Date
_____ Seller’s Failure to Provide Clear Title by Closing Date*
_____ Other: _______________________________________

The Agreement shall be null and void as of the Termination Date. In consideration of Buyer
being released from all liability under said Agreement, Buyer hereby remises, relinquishes, and
quitclaims to Seller any and all rights that Buyer may have in the Property.
SUCCESSORS & ASSIGNS: This Contract Termination is binding upon each party and their
respective officers, directors, employees, agents, subsidiaries, parent corporations, affiliated
companies, successors, assigns, agents, hairs, and personal representatives.

___________________________________________ ________________
03/20/2018
Situation Solutions One, Inc. Date
SEEN AND AGREED:
___________________________________________ ________________
Seller Date

*Clear title being determined by Fidelity National Title Insurance Company’s willingness to insure the property without exception and
provide an Owner’s Title Policy to Buyer

Updated: 8/10/2017