Earnest Agreement

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EARNEST MONEY AGREEMENT

I. OVERVIEW

This Earnest Money Agreement (hereinafter the "Agreement") is made effective as of January 09,2020 by and between ______________
(hereinafter the "Seller"), ___________ , __________ , Texas 77662 , and _______________________________, ____________
(hereinafter the "Buyer"), ______________________________ , and states the agreement of the parties as follows:

II. RECITALS

WHEREAS, the Seller is in the process of selling the property described hereto attached as Exhibit A (hereinafter referred to as "the Property");
and

WHEREAS, the total sales price of the Property is $ ______ ;and

WHEREAS, Seller and Buyer agree that Earnest Money is a suitable show of good faith and an acceptable form of partial payment of the above total
sales price; and THEREFORE, in consideration of the premises and mutual covenants herein, the parties hereto agree as follows:

III. TERMS

EARNEST MONEY. Upon mutual execution, the parties shall deposit a signed copy of this agreement and Buyer will immediately deposit the sum
of $_____ , as Earnest Money, in the form of________________________ (hereinafter the "Earnest Money") with _______, _______, ________,
________, ________. The earnest money shall only be deposited after Buyer and Seller have signed this agreement This earnest money will

become part of the purchase price of the Property and will be applied to any applicable down payments and closing costs owed by the Buyer.

CLOSING. In the event that the transaction is agreed upon and the purchase is consummated, Seller shall retain the Earnest Money and the
amount will be credited towards the total purchase price.

FAILURE TO CLOSE. If Buyer does not secure financing, or the property does not pass a qualified structural inspection, or if the agreement is
terminated for any reason other than breach by Buyer, the Earnest Money.in addition to all potential income earned during the escrow period,
will be returned. If title to the premises is not good and cannot be made good within ___ days from the date of execution of this Earnest Money
Agreement, this agreement shall be void and the Earnest Money Amount deposited per this agreement will be refunded to the Buyer. If title to
the premises is currently good, in the name of the seller, or is made good within ___ days from the date of execution of this Earnest Money
Agreement, and the Buyer refuses to accept the same, the Earnest Money will be forfeited to the Seller.

The Earnest Money deposit must be submitted by _______________ or this agreement will be void. The parties acknowledge that due to the
popularity and competition in this real property market and other potential factors not mentioned here, the Earnest Money deposit must be
submitted by the above-mentioned deadline or this agreement will be void. If a party wishes to terminate this contract in accordance with the
provisions stated in this agreement or any applicable state law, that party will not be required to give the other party any time beyond the
above deadline to allow that party to satisfy any condition or perform any obligation under this agreement.

ENTIRE AGREEMENT. All understandings and agreements previously existing between the parties, if any, are merged into this Agreement,
which alone fully and completely expresses their agreement. Neither party will rely upon any statement or representation made by the other not
embodied herein This Agreement may be modified only by a written amendment by all parties.

SEVERABILITY. If a court holds any provision of this Agreement to be illegal, invalid or unenforceable, the remaining provisions shall
remain in full force and effect and the parties will amend this Agreement to give effect to the stricken clause to the maximum extent
possible.

SIGNATORIES. This Agreement shall be signed by ___________ and by _ _ _ _ _ _ _ _ _ and shall be effective as of the date first above written.
[SIGNATURE PAGE FOLLOWS)

BUYER:

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