Page 28 - OAKS OF LAKEWAY

LETTER OF INTENT
the governmental authorities r development of the Property according to plans
acceptable to Buyer.
Binding Agreemen Relating to Proposed Transaction
1. If the Contract is not nally negotiated, signed by all parties, and tendered to the title company with the Earnest Money Deposit within 60 days of the date of Seller's acceptance of this Letter, this Letter will terminate.
2. Seller agrees to abate all marketing e orts r the Property during the term of this Letter. Any existing signs may remain. Any ordered advertising will be canceled, if cancelable without penalty; otherwise ordered advertising may proceed, but no additional advertising may occur. Brokers and prospective buyers will not be shown the Property and may be given only currently available printed in rmation about the Property prepared by Seller's Broker.
3. Except as may be required by law or to its own attorney, advisors, and existing or prospective lenders or investors, no party to this Letter nor any a iliate will disclose the existence of this Letter, names of the parties, or the transaction contemplated herein; or issue any press release or make any other disclosure to a nona iliated third person concerning the existence of this Letter or the matters contained herein without the written consent of each party.
4. Each party will pay its own expenses related to this Letter and the Contract.
5. Unless Seller agrees otherwise, Buyer is not permitted to enter into the Property r the purpose of inspecting it be re the execution of the Contract. If Buyer is permitted by Seller to enter the Property for the purpose of inspecting it be re the execution of the Contract, Buyer will indemni , de nd, and hold Seller harmless om and against any losses, damages, costs, expenses, or claims arising in connection with or out of such entry and inspection by Buyer.
Oaks II @ Lakeway 09-07-2018
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