PURCHASE TERMS OF USE Everlasting Land Inc. 10810 N Tatum Blvd, Ste 102-644 Phoenix, Arizona 85028 Phone: (602) 456-1499 Email: info@everlastingland.com Website: everlastingland.com

WARNING: THIS DOCUMENT HAS SUBSTANTIAL LEGAL CONSEQUENCES. PARTIES ARE ADVISED TO CONSULT LEGAL AND TAX COUNSEL BEFORE PROCEEDING.

AGREEMENT TO PURCHASE

Everlasting Land Inc. (“Seller”) agrees to sell, and the Buyer agrees to purchase the property identified by its Parcel ID and Legal Description as specified in the signed contract. The property is sold as vacant residential land with no broker or agent involved.

SALES PRICE AND PAYMENT OPTIONS

The total purchase price, down payment, and remaining balance are as specified in the signed contract. Two payment options are available:

CASH SALE: The full purchase price is paid in full. Cash sales are final and not contingent on financing.

OWNER FINANCING (TERMS): Seller agrees to finance a portion of the purchase price through a Promissory Note and Land Sale Contract. Monthly payments include principal, interest, a Note Servicing Fee, and estimated property taxes. The first payment is due approximately 30 days from the contract date.

DOWN PAYMENT AND PROCESSING FEE

The Buyer’s down payment is deposited directly with the Seller. A one-time processing fee is also due at the time of signing. Receipt of both the down payment and the document preparation fee will be acknowledged in writing.

PROPERTY CONDITION

The Buyer confirms that they have personally inspected and examined the property and accepts it in its current “as-is” condition. The Seller is not aware of any wetlands, shoreland, flood plains, hazardous substances, petroleum products, or underground storage tanks on or affecting the property.

UTILITIES

The current condition of all utility access to the property is accepted by the Buyer at the time of purchase.

TITLE AND CONVEYANCE

The Seller will convey title to the Buyer by Warranty Deed. Prior to or at closing, the Seller will satisfy all outstanding mortgages, deeds of trust, and special liens on the property. Title will be good and marketable, subject only to existing covenants and restrictions of record, utility easements, applicable zoning ordinances, special assessments, and general taxes for the current and subsequent years.

A title report will not be provided to the Buyer at closing. The Buyer may choose to conduct their own title search at their own expense. If any title defects are discovered, the Seller will notify the Buyer within 5 days of closing. The Buyer may then choose to cancel the contract and receive a full refund of all earnest money or down payment, accept the title as-is, or allow the Seller reasonable time to resolve the defects at Seller’s expense.

For financing/terms purchases, the Seller will hold the Title Warranty Deed until the property is completely paid off. The Seller warrants that the property title will remain free from any loans, liens, or encumbrances throughout the entire payment period. Upon full payoff, the Seller will record the Warranty Deed in the Buyer’s name within 30 days.

APPRAISAL AND SURVEY

Any appraisal of the property is the sole responsibility of the Buyer. A survey is not required.

CLOSING

The closing of the sale will occur on or before the date specified in the signed contract. The closing date may be extended by up to 7 days if there are title objections that need to be resolved, or by written agreement of both parties. There is no cost to the Buyer when closing is done directly without a title company.

CLOSING COSTS AND EXPENSES

The following outlines responsibility for closing costs if closed through a title company:

Attorney Fees / Title Company Fees: Buyer
Title Insurance: Buyer
Title Abstract or Certificate: Buyer
Recording Fees: Seller
Appraisal: Buyer
Survey: Buyer
Transfer Taxes: Seller
All Other Closing Costs: Buyer

Note: If applicable, certain costs may be split 50/50 between Buyer and Seller as agreed.

PROPERTY TAXES

Property taxes for the current year will be prorated through the closing date. For financing/terms purchases, property taxes are prorated and added to the Buyer’s monthly payment. The Seller will continue to pay property taxes directly until the Buyer completes full payment and the property is conveyed. If the county raises property taxes, the adjustment will be reflected in the Buyer’s monthly payment.

POSSESSION

Prior to closing, the property remains in the possession of the Seller.

RESTRICTIONS DURING FINANCING PERIOD (TERMS PURCHASES ONLY)

During the financing period, the Buyer may not live on the land, pull permits, or build any structures on the property until it is fully paid off. The Seller reserves the right to limit the amount of timber removed from the property to only what is necessary for placing a dwelling or structure. The Buyer must abide by all local and state municipality codes, rules, and zoning regulations as they pertain to the property. Environmentally hazardous waste must not be dumped on the property.

MONTHLY PAYMENTS (TERMS PURCHASES ONLY)

Payments are due 30 days from the contract date and will be automatically drafted from the bank account provided by the Buyer. A grace period of 15 days from the due date is allowed. If payment is not received within the grace period, a $25 penalty will be assessed.

If a payment is 5 or more calendar days late, an additional $50 late charge will be assessed on top of the regularly scheduled payment.

If a default in payment is not cured within 35 days, the Seller will notify the Buyer by phone, email, or text, giving the Buyer 15 days to bring all payments current. If full payment is not received within that 15-day notice period, the contract may be terminated, the property will be considered foreclosed, and the Buyer will forfeit all interest and payments previously made. The Seller will then have the right to re-sell the property without going to court.

There are no prepayment penalties. The Buyer may pay off the note in whole or in part at any time. Only the interest accrued up to the date of payoff will be assessed.

If the Buyer sells the property during the financing period, the full remaining balance is still owed to the Seller.

DEFAULT (GENERAL)

If the Buyer fails to comply with the contract, the Seller may enforce specific performance or terminate the contract and retain the earnest money as liquidated damages. If the Seller fails to comply, the Buyer may enforce specific performance or terminate the contract and receive a refund of all earnest money.

Upon default, the Seller may, at its option, increase the interest rate on the Promissory Note by five (5) percentage points above the originally agreed rate. This default rate will apply even if the default is subsequently cured.

INTEREST RATE AND DEFAULT RATE

Interest is calculated on the unpaid principal balance at the rate specified in the signed Promissory Note. In the event of default, the interest rate may be increased by five (5) percentage points at the Seller’s discretion.

REPRESENTATIONS AND WARRANTIES

The Seller represents that as of the closing date, there will be no liens, assessments, or security interests against the property that will not be satisfied from the sale proceeds. The Seller also warrants that the property is legally usable as zoned and that no government agency has issued any notice requiring repairs, alterations, or corrections.

All representations in this agreement survive the closing date. If any representation is found to be untrue at closing, the Buyer may terminate the contract and receive a full refund of all earnest money.

90-DAY SATISFACTION GUARANTEE (TERMS PURCHASES ONLY)

For financing/terms purchases, the Seller will allow an additional inspection period of 90 days from the date of the down payment. If, for any reason, the Buyer is unsatisfied with the property, Everlasting Land Inc. agrees to either exchange the property for another available property or refund all monies paid, minus closing costs, payment fees, and accounting setup fees.

ATTORNEY’S FEES

In any legal proceeding related to this contract, the prevailing party is entitled to recover from the non-prevailing party all costs of the proceeding, including reasonable attorney’s fees.

ASSIGNMENT

This agreement may not be assigned by the Buyer without the written consent of the Seller. The Seller may assign this agreement, and it shall be binding on the heirs and assigns of all parties.

FEDERAL TAX REQUIREMENT

If the Seller is a “foreign person” as defined by applicable law, or fails to provide an affidavit confirming otherwise, the Buyer shall withhold from the sale proceeds an amount sufficient to comply with applicable federal tax law and deliver it to the Internal Revenue Service with the appropriate tax forms. Written reports are required by IRS regulations if cash received exceeds specified thresholds.

EMINENT DOMAIN

If the property is condemned by eminent domain after the effective date of the contract, the Seller and Buyer will attempt to agree on whether to continue or cancel the transaction. If an agreement cannot be reached, the contract remains valid and the Buyer is entitled to cancel and receive a full refund of the down payment.

COMMUNICATION AND NOTICES

All notices between parties must be in writing and are effective when mailed, hand-delivered, or transmitted by facsimile. The Buyer must maintain a valid email address on file at all times. The Seller will communicate notices of default by email.

ENTIRE AGREEMENT

This document, together with all associated signed contracts, constitutes the entire agreement between the parties. It cannot be changed except by written consent of both parties. Neither party is bound by any oral statements, warranties, or representations not contained in this agreement. All prior agreements between the parties are incorporated herein.

NO BROKER OR AGENTS

Neither party has employed a real estate broker or agent in connection with this transaction. If any agent has been employed by either party, that party is solely responsible for paying all associated expenses outside of this agreement’s closing.

GOVERNING LAW

This agreement is governed by the laws of the State of Arizona. Time is of the essence in the performance of this agreement.

RECORDING

This agreement may be recorded in the official records of the applicable county and state as specified in the signed contract.

Everlasting Land Inc. 10810 N Tatum Blvd, Ste 102-644 Phoenix, Arizona 85028 Phone: (602) 456-1499 Email: info@everlastingland.com Website: everlastingland.com