Common use of Termination Option Clause in Contracts

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] $ (Option Fee) [within 3 days after the Effective Date of this contract,] Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] the Option Fee [to Seller] within the time prescribed in Paragraph 5A, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] will [will not] be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and XxxxxBuyer's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] ❑will [will not] ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.. 24.CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] $ (Option Fee) [within 3 days after the Effective Date of this contract,] Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] the Option Fee [to Seller] within the time prescribed in Paragraph 5A, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] will [will not] be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required. 24.

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] ❑will [will not] ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.. 24.CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] will [will not] will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] 23.[24.]CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 9-14 [9-13]. This form replaces TREC NO. 9-13 [9-12]. Initialed for identification by Xxxxx and Seller DRAFT (Address of Property) BROKER INFORMATION (Print name(s) only. Do not sign) Other Broker Firm License No. Listing Broker Firm License No. represents Buyer only as Xxxxx’s agent DRAFT Seller as Listing Broker’s subagent represents Seller and Buyer as an intermediary Seller only as Xxxxxx’s agent Associate’s Name License No. Listing Associate’s Name License No. Associate’s Email Address Phone Listing Associate’s Email Address Phone Licensed Supervisor of Associate License No. Licensed Supervisor of Listing Associate License No. Other Broker's Address Phone Listing Broker’s Office Address Phone City State Zip City State Zip Selling Associate’s Name License No. Selling Associate’s Email Address Phone Licensed Supervisor of Selling Associate License No. Selling Associate’s Office Address City State Zip Initialed for identification by Xxxxx and Seller Disclosure: Pursuant to a previous, separate agreement Listing Broker has agreed to pay Other Broker a fee ( ). This disclosure is for informational purposes and does not change the previous agreement between brokers to pay or share a commission. [Listing Broker has agreed to pay Other Broker of the total sales price when the Listing Broker’s fee is received. Escrow agent is authorized and directed to pay Other Broker from Listing Broker’s fee at closing.] Initialed for identification by Xxxxx and Seller DRAFT (Address of Property) OPTION FEE RECEIPT Receipt of $ (Option Fee) in the form of is acknowledged. Escrow Agent [Seller or Listing Broker] Date XXXXXXX MONEY RECEIPT Receipt of $ Xxxxxxx Money in the form of is acknowledged. Escrow Agent Received by Email Address Date/Time Address Phone City State Zip Fax CONTRACT RECEIPT Receipt of the Contract is acknowledged. Escrow Agent Received by Email Address Date Address Phone City State Zip Fax ADDITIONAL XXXXXXX MONEY RECEIPT Receipt of $ additional Xxxxxxx Money in the form of

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee []  will [will not]  will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] holders xxx Xxxxx's Attorney is: m giving legal advice. READ THIS CONTRACT CAREFULLY. Seller's Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: EXECUTED the (BROKER: FILL day of IN THE DATE OF FINAL ACC EPTA E-mail: NCE.) , 20 (Effective Date).

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee []  will [will not]  will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] 23.[24.]CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 9-14 [9-13]. This form replaces TREC NO. 9-13 [9-12]. Initialed for identification by Xxxxx and Seller 18] (Address of Property) 11-10-2020 [2-12- BROKER INFORMATION (Print name(s) only. Do not sign)

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] $ (Option Fee) [within 3 days after the Effective Date of this contract,] Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] the Option Fee [to Seller] within the time prescribed in Paragraph 5A, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] will [will not] be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required. 24.CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 25-13[12]. This form replaces TREC NO. 25-12[11]. Initialed for identification by Xxxxx and Seller T DRAFT REC NO. 25-13 [25-12] RATIFICATION OF FEE Listing Xxxxxx has agreed to pay Other Broker of the total Sales Price when Listing Broker’s fee is received. Escrow Agent is authorized and directed to pay Other Broker from Listing Broker’s fee at closing. Other Broker: Listing Broker: By: By: BROKER INFORMATION AND AGREEMENT FOR PAYMENT OF BROKERS' FEES Other Broker License No. Listing or Principal Broker License No. Associate’s Name License No. Listing Associate’s Name License No. Associate’s Email Address Phone Listing Associate’s Email Address Phone Licensed Supervisor of Associate License No. Licensed Supervisor of Listing Associate License No. Other Broker’s Office Address Phone Listing Broker’s Office Address Phone City State Zip City State Zip represents  Buyer only as Xxxxx’s agent Selling Associate License No.  Seller as Listing Xxxxxx’s subagent Selling Associate’s Email Address Phone Licensed Supervisor of Selling Associate License No. Selling Associate’s Office Address City State Zip represents  Seller only  Buyer only  Seller and Buyer as an intermediary Upon closing of the sale by Seller to Buyer of the Property described in the contract to which this fee agreement is attached: (a) Seller  Buyer will pay Listing/Principal Broker a cash fee of $_ or  % of the total Sales Price; and (b) Seller  Buyer will pay Other Broker a cash fee of $ or  % of the total Sales Price. Seller/Xxxxx authorizes and directs Escrow Agent to pay the brokers from the proceeds at closing. Brokers' fees are negotiable. Brokers' fees or the sharing of fees between brokers are not fixed, controlled, recommended, suggested or maintained by the Texas Real Estate Commission. Seller Buyer Seller Buyer Do not sign if there is a separate written agreement for payment of Brokers' fees. Initialed for identification by Xxxxx and Seller DRAFT OPTION FEE RECEIPT Receipt of $ (Option Fee) in the form of is acknowledged. Escrow Agent [Seller or Listing Broker] Date XXXXXXX MONEY RECEIPT Receipt of $ Xxxxxxx Money in the form of is acknowledged. Escrow Agent Received by Email Address Date/Time Address Phone City State Zip Fax CONTRACT RECEIPT Receipt of the Contract is acknowledged. Escrow Agent Received by Email Address Date Address Phone City State Zip Fax ADDITIONAL XXXXXXX MONEY RECEIPT Receipt of $ additional Xxxxxxx Money in the form of is acknowledged. Escrow Agent Received by Email Address Date/Time Address Phone City State Zip Fax Initialed for identification by Xxxxx and Seller

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] will [will not] will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] 23.[24.]CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 9-14 [9-13]. This form replaces TREC NO. 9-13 [9-12]. Initialed for identification by Xxxxx and Seller DRAFT (Address of Property) BROKER INFORMATION (Print name(s) only. Do not sign) Other Broker Firm License No. Listing Broker Firm License No. represents Buyer only as Xxxxx’s agent DRAFT Seller as Listing Broker’s subagent represents Seller and Buyer as an intermediary Seller only as Xxxxxx’s agent Associate’s Name License No. Listing Associate’s Name License No. Team Name Team Name Associate’s Email Address Phone Listing Associate’s Email Address Phone Licensed Supervisor of Associate License No. Licensed Supervisor of Listing Associate License No. Other Broker's Address Phone Listing Broker’s Office Address Phone City State Zip City State Zip Selling Associate’s Name License No. Team Name Selling Associate’s Email Address Phone Licensed Supervisor of Selling Associate License No. Selling Associate’s Office Address City State Zip Disclosure: Pursuant to a previous, separate agreement (such as a MLS offer of compensation or other agreement between brokers) Listing Broker has agreed to pay Other Broker a fee ( ). This disclosure is for informational purposes and does not change the previous agreement between brokers to pay or share a commission. [Listing Broker has agreed to pay Other Broker Initialed for identification by Xxxxx and Seller of the total sales price when the Listing Broker’s fee is received. Escrow agent is authorized and directed to pay Other Broker from Listing Broker’s fee at closing.] Initialed for identification by Xxxxx and Seller DRAFT (Address of Property) OPTION FEE RECEIPT Receipt of $ (Option Fee) in the form of is acknowledged. Escrow Agent [Seller or Listing Broker] Date XXXXXXX MONEY RECEIPT Receipt of $ Xxxxxxx Money in the form of is acknowledged. Escrow Agent Received by Email Address Date/Time Address Phone City State Zip Fax CONTRACT RECEIPT Receipt of the Contract is acknowledged. Escrow Agent Received by Email Address Date Address Phone City State Zip Fax ADDITIONAL XXXXXXX MONEY RECEIPT Receipt of $ additional Xxxxxxx Money in the form of

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee []  will [will not]  will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] 23.[24.]CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 25-13[12]. This form replaces TREC NO. 25-12[11]. Initialed for identification by Xxxxx and Seller TREC NO. 25-13 [25-12] Contract Concerning Page 10 of 11 11-10-2020[2-12 18] (Address of Property) RATIFICATION OF FEE Listing Xxxxxx has agreed to pay Other Broker of the total Sales Price when Listing Broker’s fee is received. Escrow Agent is authorized and directed to pay Other Broker from Listing Broker’s fee at closing. Other Broker: Listing Broker: By: By: BROKER INFORMATION AND AGREEMENT FOR PAYMENT OF BROKERS' FEES Other Broker License No. Listing or Principal Broker License No. Associate’s Name License No. Listing Associate’s Name License No. Team Name Team Name Associate’s Email Address Phone Listing Associate’s Email Address Phone Licensed Supervisor of Associate License No. Licensed Supervisor of Listing Associate License No. Other Broker’s Office Address Phone Listing Broker’s Office Address Phone City State Zip City State Zip represents  Buyer only as Xxxxx’s agent Selling Associate License No.  Seller as Listing Xxxxxx’s subagent Team Name Selling Associate’s Email Address Phone Licensed Supervisor of Selling Associate License No. Selling Associate’s Office Address City State Zip represents  Seller only  Buyer only  Seller and Buyer as an intermediary Upon closing of the sale by Seller to Buyer of the Property described in the contract to which this fee agreement is attached: (a) Seller  Buyer will pay Listing/Principal Broker a cash fee of $_ or  % of the total Sales Price; and (b) Seller  Buyer will pay Other Broker a cash fee of $ or  % of the total Sales Price. Seller/Xxxxx authorizes and directs Escrow Agent to pay the brokers from the proceeds at closing. Brokers' fees are negotiable. Brokers' fees or the sharing of fees between brokers are not fixed, controlled, recommended, suggested or maintained by the Texas Real Estate Commission. Seller Buyer Seller Buyer Do not sign if there is a separate written agreement for payment of Brokers' fees. Initialed for identification by Xxxxx and Seller Contract Concerning Page 11 of 11 11-10-2020[2-12 Initialed for identification by Xxxxx and Seller 18] (Address of Property) OPTION FEE RECEIPT Receipt of $ (Option Fee) in the form of is acknowledged. Escrow Agent [Seller or Listing Broker] Date XXXXXXX MONEY RECEIPT Receipt of $ Xxxxxxx Money in the form of is acknowledged. Escrow Agent Received by Email Address Date/Time Address Phone City State Zip Fax CONTRACT RECEIPT Receipt of the Contract is acknowledged. Escrow Agent Received by Email Address Date Address Phone City State Zip Fax ADDITIONAL XXXXXXX MONEY RECEIPT Receipt of $ additional Xxxxxxx Money in the form of

Termination Option. For nominal consideration, the receipt of w hich which is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 2 days after the Effective Date effective date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date effective date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] ❑will [will not] ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required. 24. CONSULT AN ATTORNEY: TREC rules prohibit real estate licensees from giving legal advice. READ THIS CONTRACT CAREFULLY. If you do not understand the effect of this contract, consult an attorney BEFORE signing. Xxxxx's Seller's Attorney is: Attorney is: Telephone: ( ) Telephone: ( ) Facsimile: ( ) Facsimile: ( ) E-mail: E-mail: EXECUTED the day of , 20 (EFFECTIVE DATE). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate licensees. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 30-10. This form replaces TREC NO. 30-9 Contract Concerning Page 8 of 8 12-05-2011 (Address of Property) Licensed Supervisor of Associate Telephone Licensed Supervisor of Associate Telephone Associate Telephone Listing Associate Telephone Other Broker's Address Facsimile Listing Broker’s Office Address Facsimile City State Zip City State Zip Associate Email Address Listing Associate’s Email Address Selling Associate Telephone Selling Associate’s Office Address Facsimile City State Zip Selling Associate’s Email Address OPTION FEE RECEIPT Receipt of $ (Option Fee) in the form of is acknowledged. Seller or Listing Broker Date

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer Xxxxx gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee []  will [will not]  will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] DRAFT olders xxxxXxxxx's Attorney is: giving legal advice. READ THIS CO Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail:

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer Xxxxx gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee []  will [will not]  will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] olders xxxxXxxxx's Attorney is: giving legal advice. READ THIS CO Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail:

Termination Option. For nominal consideration, the receipt of w hich which is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date effective date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date effective date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] will [will not] will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.. Xxxxx's Attorney is: Xxxxxx's Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail:

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] $ (Option Fee) [within 3 days after the Effective Date of this contract,] Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] the Option Fee [to Seller] within the time prescribed in Paragraph 5A, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] will [will not] be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required. 24. CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Attorney Xxxxxx's is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E- mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex trans- actions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 30-14 [30-13]. This form replaces TREC NO. 30-13 [30-12]. Initialed for identification by Xxxxx and Seller DRAFT BROKER INFORMATION (Print name(s) only. Do not sign)

Termination Option. For nominal consideration, the receipt of w hich is hereby acknowledged by Seller, and Xxxxx's agreement to pay [Seller] Seller $ (Option Fee) [within 3 days after the Effective Date of this contract,] , Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. Buyer shall deliver the Option Fee to the escrow agent within the time Buyer is to deliver the xxxxxxx money under Paragraph 5A. The Option Fee shall be made payable to escrow agent and may be paid separately or combined with the xxxxxxx money in a single payment. Xxxxx authorizes escrow agent to release and deliver the Option Fee to Seller at any time without further notice to or consent from Buyer, and releases escrow agent from liability for delivery of the Option Fee to Seller. If no dollar amount is stated as the Option Fee or if Buyer fails to deliver [pay] pay the Option Fee [to Seller] Seller within the time prescribed in Paragraph 5Aprescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any xxxxxxx money will be refunded to Buyer. The Option Fee [] will  will [will not] not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.] 23.[24.]CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS CONTRACT CAREFULLY. Xxxxx's Seller's Attorney is: Attorney is: Phone: ( ) Phone: ( ) Fax: ( ) Fax: ( ) E-mail: E-mail: EXECUTED the day of , 20 (Effective Date). (BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.) Buyer Seller Buyer Seller The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained real estate license holders. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, (000) 000-0000 (xxxx://xxx.xxxx.xxxxx.xxx) TREC NO. 25-13[12]. This form replaces TREC NO. 25-12[11]. Initialed for identification by Xxxxx and Seller T DRAFT REC NO. 25-13 [25-12] Contract Concerning Page 10 of 11 11-10-2020[2-12 -18] (Address of Property) RATIFICATION OF FEE Listing Xxxxxx has agreed to pay Other Broker of the total Sales Price when Listing Broker’s fee is received. Escrow Agent is authorized and directed to pay Other Broker from Listing Broker’s fee at closing. Other Broker: Listing Broker: By: By: BROKER INFORMATION AND AGREEMENT FOR PAYMENT OF BROKERS' FEES Other Broker License No. Listing or Principal Broker License No. Associate’s Name License No. Listing Associate’s Name License No. Team Name Team Name Associate’s Email Address Phone Listing Associate’s Email Address Phone Licensed Supervisor of Associate License No. Licensed Supervisor of Listing Associate License No. Other Broker’s Office Address Phone Listing Broker’s Office Address Phone City State Zip City State Zip represents  Buyer only as Xxxxx’s agent Selling Associate License No.  Seller as Listing Xxxxxx’s subagent Team Name Selling Associate’s Email Address Phone Licensed Supervisor of Selling Associate License No. Selling Associate’s Office Address City State Zip represents  Seller only  Buyer only  Seller and Buyer as an intermediary Upon closing of the sale by Seller to Buyer of the Property described in the contract to which this fee agreement is attached: (a) Seller  Buyer will pay Listing/Principal Broker a cash fee of $_ or  % of the total Sales Price; and (b) Seller  Buyer will pay Other Broker a cash fee of $ or  % of the total Sales Price. Seller/Xxxxx authorizes and directs Escrow Agent to pay the brokers from the proceeds at closing. Brokers' fees are negotiable. Brokers' fees or the sharing of fees between brokers are not fixed, controlled, recommended, suggested or maintained by the Texas Real Estate Commission. Seller Buyer Seller Buyer Do not sign if there is a separate written agreement for payment of Brokers' fees. Initialed for identification by Xxxxx and Seller DRAFT Contract Concerning Page 11 of 11 11-10-2020[2-12 Initialed for identification by Xxxxx and Seller DRAFT -18] (Address of Property) OPTION FEE RECEIPT Receipt of $ (Option Fee) in the form of is acknowledged. Escrow Agent [Seller or Listing Broker] Date XXXXXXX MONEY RECEIPT Receipt of $ Xxxxxxx Money in the form of is acknowledged. Escrow Agent Received by Email Address Date/Time Address Phone City State Zip Fax CONTRACT RECEIPT Receipt of the Contract is acknowledged. Escrow Agent Received by Email Address Date Address Phone City State Zip Fax ADDITIONAL XXXXXXX MONEY RECEIPT Receipt of $ additional Xxxxxxx Money in the form of