CONTRACT TO PURCHASE REAL ESTATE #501 (Page 1 of 3)

(With Contingencies)

(BINDING CONTRACT. IF LEGAL ADVICE IS DESIRED, CONSULT AN ATTORNEY.)

From: BUYER(S): To: OWNER OF RECORD ("SELLER"):

Name(s): Name(s):
Address: Address:

A Massachusetts licensed real estate broker, ________________________________________________, is operating in this

transaction, pursuant to a separate agreement as: □ BUYER’s Agent □ SELLER’s Agent □ Facilitator □ Dual Agent
on behalf of __________________________________________________________________________________________,
(This provision does not eliminate the requirement to have a signed Massachusetts Mandatory Real Estate Licensee-Consumer
Relationship Disclosure, but acts to satisfy Standard of Practice 16-10 in the REALTOR® Code of Ethics.)

The BUYER offers to purchase the real property described as

together with all buildings and improvements thereon (the “Premises”) to which BUYER has been
introduced by upon the following terms and conditions:

1. Purchase Price: The BUYER agrees to pay the sum of $ to the SELLER for the purchase
of the Premises (the “Offer”), due as follows:
i. $ as a deposit to bind this Offer
□ and delivered herewith to the Seller or Seller’s agent
□ or to be delivered forthwith upon receipt of written acceptance
ii. $ as an additional deposit upon executing the Purchase and Sale Agreement;
iii. Balance by bank’s, cashier’s, treasurer’s or certified check or wire transfer at time for closing.

2. Compensation to Buyer Broker. (Delete if Waived) the BUYER’s obligations under this agreement are subject to SELLER’S
agreement to pay □ ______________ % of the (□net/□gross) selling price of the Premises or □ a flat fee of
$________________ dollars to ____________________________________________, the “BUYER’s BROKER” at the time
of closing. This compensation is independent of and in addition to any offer of compensation made by the LISTING BROKER
to the BUYER’s BROKER.

3. Duration of Offer. This Offer is valid until □a.m./□p.m. on by which time a copy of
this Offer and attached Addenda, if any, shall be signed by the SELLER, accepting this Offer, and returned to the BUYER,
otherwise this Offer shall be deemed rejected and the money tendered herewith shall be returned to the BUYER. Upon written
notice to the BUYER or BUYER’S agent of the SELLER’S acceptance, the accepted Offer shall form a binding agreement.
Time is of the essence as to each provision.

4. Purchase and Sale Agreement. The SELLER and the BUYER shall, on or before _____□a.m./□p.m. on ________________
execute the Standard Purchase and Sale Agreement of the MASSACHUSETTS ASSOCIATION OF REALTORS ® or
substantial equivalent which, when executed, shall become the entire agreement between the parties and this Offer shall
have no further force and effect.

5. Closing. The SELLER agrees to deliver a good and sufficient deed conveying good and clear record and marketable title at
□a.m./□p.m. on at the________________________________
Registry of Deeds or such other time or place as may be mutually agreed upon by the parties.

©1999, 2000, 2001, 2002, 2007, 2010, 2012, 2013, 2014, 2017, 2024 MASSACHUSETTS ASSOCIATION OF REALTORS®
10.22.2014/403031
CONTRACT TO PURCHASE REAL ESTATE #501 (Page 2 of 3)
(With Contingencies)

6. Escrow. The deposit shall be held by _____________________________________________, as escrow agent, subject to

the terms hereof. Endorsement or negotiation of this deposit by the real estate broker shall not be deemed acceptance of the
terms of the Offer. In the event of any disagreement between the parties concerning to whom escrowed funds should be paid,
the escrow agent may retain said deposit pending written instructions mutually given by the BUYER and SELLER. The escrow
agent shall abide by any Court decision concerning to whom the funds shall be paid and shall not be made a party to a pending
lawsuit solely as a result of holding escrowed funds. Should the escrow agent be made a party in violation of this paragraph,
the escrow agent shall be dismissed and the party asserting a claim against the escrow agent shall pay the agent's reasonable
attorneys’ fees and costs.

7. Contingencies. It is agreed that the BUYER’S obligations under this Offer and any Purchase and Sale Agreement signed
pursuant to this Offer are expressly conditioned upon the following terms and conditions:

a. Mortgage. (Delete if Waived) The BUYER’S obligation to purchase is conditioned upon obtaining a written commitment
for financing in the amount of $ at prevailing rates, terms and conditions by _______________________.
The BUYER shall have an obligation to act reasonably diligently to satisfy any condition within the BUYER’S control. If,
despite reasonable efforts, the BUYER has been unable to obtain such written commitment the BUYER may terminate this
agreement by giving written notice that is received by 5:00 p.m. on the calendar day after the date set forth above. In the
event that notice has not been received, this condition is deemed waived. In the event that due notice has been received,
the obligations of the parties shall cease, and this agreement shall be void; and all monies deposited by the BUYER shall be
returned. In no event shall the BUYER be deemed to have used reasonable efforts to obtain financing unless the BUYER
has submitted one application by _____________________________ and acted reasonably promptly in providing additional
information requested by the mortgage lender.
b. Inspections. (Delete if Waived) The BUYER’S obligations under this agreement are subject to the right to obtain
inspection(s) of the Premises or any aspect thereof, including, but not limited to, home, pest, radon, lead paint, energy
usage/efficiency, septic/sewer, water quality, and water drainage by consultant(s) regularly in the business of conducting
said inspections, of BUYER’S own choosing, and at BUYER’S sole cost by . If the results
are not satisfactory to BUYER, in BUYER’S sole discretion, BUYER shall have the right to give written notice received by the
SELLER or SELLER’S agent by 5:00 p.m. on the calendar day after the date set forth above, terminating this agreement.
Upon receipt of such notice this agreement shall be void and all monies deposited by the BUYER shall be returned. Failure
to provide timely notice of termination shall constitute a waiver. In the event that the BUYER does not exercise the right to
have such inspection(s) or to so terminate, the SELLER and the listing broker are each released from claims relating to the
condition of the Premises that the BUYER or the BUYER’S consultants could reasonably have discovered.

8. Representations/Acknowledgments. The BUYER acknowledges receipt of a Massachusetts Mandatory Real Estate

Licensee-Consumer Agency Disclosure, Property Transfer Lead Paint Notification and Certification (for residences
built before 1978) and Home Inspectors Facts for Consumers brochure (prepared by the Office of Consumer Affairs). The
BUYER is not relying upon any representation, verbal or written, from any real estate broker or licensee concerning legal use.
Any reference to the category (single family, multi-family, residential, commercial) or the use of this property in any
advertisement or listing sheet, including the number of units, number of rooms or other classification is not a representation
concerning legal use or compliance with zoning by-laws, building code, sanitary code or other public or private restrictions
by the broker. The BUYER understands that if this information is important to BUYER, it is the duty of the BUYER to seek
advice from an attorney or written confirmation from the municipality. In addition, the BUYER acknowledges that there are
no warranties or representations made by the SELLER or any broker on which BUYER relies in making this Offer, except
those previously made in writing and the following: _________________________________________________________
_______________________________________________________________________________ (if none, write “NONE”)

9. Buyer’s Default. If the BUYER defaults in BUYER’S obligations, all monies tendered as a deposit shall be paid to the
SELLER as liquidated damages and this shall be SELLER’S sole remedy.

10. Additional Terms.

____________________________________________________________________________________________________
____________________________________________________________________________________________________
____________________________________________________________________________________________________

©1999, 2000, 2001, 2002, 2007, 2010, 2012, 2013, 2014, 2017, 2024 MASSACHUSETTS ASSOCIATION OF REALTORS®
10.22.2014/403031
CONTRACT TO PURCHASE REAL ESTATE #501 (Page 3 of 3)
(With Contingencies)

©1999, 2000, 2001, 2002, 2007, 2010, 2012, 2013, 2014, 2017, 2024 MASSACHUSETTS ASSOCIATION OF REALTORS®
10.22.2014/403031