(Wn, ser) it C to the Purchase and Sale Contract NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. RIGHT OF FIRST REFUSAL TO PURCHASE REAL ESTATE This Option and Right of First Refusal to Purchase Real Estate is made on this the day of “Oder 2017, by and between ROBERTO ROSABEL BARAHONA SOSA, collectively hereinafter referred to as the “SELLER-OPTIONOR” and WESTBRIDGE PROPERTIES, LLC, and its assigns, hereinafter referred to as the “PURCHASER-OPTIONEE”. WHEREAS SELLER-OPTIONOR has contracted to purchase the property located at 1853 DULUTH STREET DALLAS TEXAS 75212 from HMK, LTD. This RIGHT OF FIRST REFUSAL TO PURCHASE REAL ESTATE will become effective upon the closing of the purchase of 1853 DULUTH STREET DALLAS TEXAS 75212 by SELLER-OPTIONOR. WHEREAS, PURCHASER-OPTIONEE desires to obtain a right of first refusal and first option to purchase certain real estate to be acquired and owned by Seller; and WHEREAS, PURCHASER-OPTIONEE desires to obtain a right of first refusal and first option to purchase certain real estate to be acquired and owned by SELLER- OPTIONOR; and WHEREAS, SELLER-OPTIONOR agrees to grant PURCHASER-OPTIONEE a right of first refusal or first option to purchase real estate pursuant to the terms of this agreement; and NOW, FOR AND IN CONSIDERATION of $10.00 and other good and valuable considerations, the receipt and sufficiency of which is hereby. acknowledged, it is agreed as follows: 1 GRANT OF FIRST OPTIONS. The SELLER-OPTIONOR does hereby grant unto the PURCHASER-OPTIONEE the exclusive and irrevocable right, during the term of this agreement to options, the first being an Option for First Negotiation where the Parties agree to engage in good-faith bargaining before negotiating a sale with other parties for the property located at 1853 DULUTH STREET DALLAS TEXAS 75212. Real Estate Agreements Buyer initials FBS‘The SELLER-OPTIONOR does hereby grant unto the PURCHASER-OPTIONEE the exclusive and irrevocable right, during the term.of this agreement the option for a First Right of Refusal to Purchase the Property. If the Option for First Negotiations do not result in an agreement on terms, then Seller-Optionor shall place the property for sale with public notice or using a'licensed broker. Before accepting a third party arm's length offer for sales to a third party, the Seller-Optionor shall first offer the property to Buyer-Optionee at the price being. $1.00 more than the arm's length third party offer. The Right of First Refusal to Purchase Real Estate gives Buyer-Optionee the right to purchase the Property at that price and upon the terms and conditions hereinafter set forth. See attached legal description Exhibit “A” W EXERCISE OF FIRST OPTION: This right of first negotiations and the right of refusal or first option to purchase may only be exercised by Purchaser within ten (10) days from notification by Seller that Seller desires to sell the subject property and that Seller is obligated to provide such notice to Purchaser prior to contracting for sale of the subject property with a third party. MW TERMS OF PURCHASE: In the event Seller elects to sell and Purchaser desires to exercise his first refusal rights granted under the terms of this agreement, the terms of purchase shall be as. follows: a) _ As agreed between SELLER-OPTIONOR and Buyer-Optionee OR b) $1.00 more than any bona fide offer to purchase received by Seller- Optionor from any third party, whichever is higher. Iv: TITLE Within fifteen (15) days after the Purchaser has exercised his or her right of first refusal, the Seller shall deliver to the Purchaser a Certificate of Title or title abstract covering the property described in paragraph | above which shall reflect that marketable fee simple title to the subject property is vested in Seller and that same is insurable by a title insurance company licensed to do business in the State of Texas . Said Certificate RealEstate Agreements Buyer Initials BABSor abstract shall be subject only to taies for the current year, easements, and rights of way of record, and prior mineral reservations, Should said Certificate or Abstract reflect any other exceptions to the title unacceptable to Purchaser, Purchaser shall notify the Seller in writing of any defects within. fifteen (15) days (the title review period) and the Seller shall have a reasonable time (but not: more than 25 days) in which to make the title good and marketable or insurable, and shall use due diligence in an effort to do so. If after using due diligence the Seller is unable to make the title acceptable to. Purchaser within such reasonable:time, it shall be the option of the Purchaser either to accept the title in its existing condition with no further obligation on the part of the Seller to correct any defect, or to cancel this Agreement. if this Agreement is thus cancelled, all money paid by the Purchaser to the Seller upon the execution of this Agreement or upon any extension shall be returned to the Purchaser, and this Agreement shall terminate without further obligation of either party to the other. If title is acceptable to Purchaser, the closing shall occur within fifteen (15) days after expiration of the “title review period’. At closing Seller shall convey title to Purchaser by Warranty Deed subject only to exceptions acceptable to Purchaser. vi OPTION OR FIRST REFUSAL MONEY: Upson execution of this agreement, Purchaser has paid unto Seller the sum of $10.00 as “First Refusal or Option Money”. The Option Money shall not be deducted from the purchase price of the property and is paid to Seller as consideration for and to make this agreement valid. vit TERM AND EXTENSION: The term of this agreement shall be for so long.as Seller-Optionor has a mortgage balance due to HMK, Ltd or for 10 years from that date hereof, whichever is longer. This agreement may be extended for an additional 10 years by Purchaser paying unto Seller, in. cash, an additional sum of $ 1,000 prior to the expiration of the initial term. Ill, EXPENSES OF SALE: All costs and expenses of the sale including attomey's fees, recording fees, and any and other costs attributable to the preparation of the Warranty Deed, Title Certificate, abstract and any other closing documents shall be paid by purchaser. Ix. POSSESSION: Purchaser shall be entitled to possession of the property at closing. Real Estate Agreements Buyer Initials MBshand Xe RIGHT OF ENTRY: Upon notification by Seller of his or her desire'to sell and Purchaser's exercise of his or her first refusal, Purchaser’shall:be entitled to enter upon the property for the purpose of conducting soil tests, engineering:studies, and surveys. pel eee TAXES: Taxes shall be prorated as of the date of closing, Xi DEFAULT: This contract shall be binding upon and inure to the benefit of the heirs, administrators and assigns of the parties hereto and upon default in any of the terms of this Agreement the defaulting party agrees to pay all costs of Court and a reasonable attorney's fee. XII GOVERNING LAW: This agreement shall be governed by the laws of the State of Texas and performed in the City of Dallas. IN WITNESS WHEREOF, the parties have executed this Agreement on this the \Lday of (yotdbe _, 2017. ‘SELLE Se , ROBERTO Ri PURCHAS! AWESTBRIDGE PROPERTIES, LLC A Texas Limited Liability Company By: Khraish H. Khraish Managing Member BEL BARAHONA SOSA RealEstate Agreements Buyerinitats (C/T3S.STATE OF TEXAS § COUNTY OF DALLAS § PERSONALLY appeared ‘before:me, the undersigned authority in and for the county and state aforesaid, the within named ROBERTO ROSABEL BARAHONA SOSA, who acknowledged that he/she-signed and delivered the foregoing agreement on the day and year therein stated - oe ca hand and official sealthis the {2-day of Oc¢re _. 2017. NOTARY PUBLIC My Commission Expires: ie TY: g FRANCISCA M MARIN Notary 1D # 125762586 ‘My Commission Expres STATE OF TEXAS : July 14, 2018 COUNTY OF DALLAS STATE OF TEXAS § 8 COUNTY OF DALLAS = § PERSONALLY appeared ‘before me, the undersigned authority in and for the county and state aforesaid, the within named Khraish H. Khraish, Managing Member of WESTBRIDGE PROPERTIES, LLC, personally known to me and witnessed his signing and delivery of the foregoing agreement on the day and year therein stated. y hand and offical seal this the |-day of (Qfube _, 2017. pe Ve (OTARY PUBLIC My Commission Expires: 7144 i FRANCISCA A MARIN 7 Notary 10 @ 125762566 STATE OF TEXAS wh COUNTY OF DALLASExhibit A'to.First Rightof Refusal Legal Description of the Property Tract: Lot F All that certain Lot, Tract or Parcel of land situated in the County of Dallas, State of Texas, and being part of College Campus of College Park Addition to West Dallas, an addition in Dallas County, Texas, according to the Map thereof recorded in Volume 84, Page 615 of the Deed Records of Dallas County, Texas, and described by metes and bounds as follows: BEGINNING at a point 205 feet West of the Northwest intersection of Stanton (Schnider) Street and Sanger Avenue, said point being i the N. Boundary line of said Stanton Avenue; THENCE West 40 feet to a point for corner in the North boundary line of said Stanton Avenue; THENCE North 150 feet to a point for corner; THENCE East 40 feet to a point for corner; THENCE South 150 feet to the place of beginning, consisting of a lot 40 x 150 feet, fronting 50 feet on Schnider Street and being the same property conveyed to the Grantor herein by Mildred Clark, a widow, by deed dated October 8th, 1951, of record in the Deed Records of Dallas County, Texas. and known as 1853 DULUTH STREET DALLAS TEXAS 75212 Filed and Recorded Offiolal Pubiio Records tom Ferran, County Clerk forigvani evanien Pr | soe | 2ot00290417