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ASSIGNMENT OF CONTRACT/INTEREST

__________(“Assignor”) assigns all of its rights in, and delegates all of its obligations under the Agreement for
the property located at (“Property”), a copy of the Agreement is attached as Exhibit A, to
(“Assignee”). Assignee shall assume all rights and duties under the Exhibit A Agreement. Assignor and
Assignee shall be collectively known as the “Parties”.

1. Purchase Price. The Parties have negotiated a Purchase Price for the above referenced Agreement of $
which is an “as is/where is” price with no warranties or guarantees. Adding the assignment fee of $ the
Assignee’s total Purchase Price is $ plus any associated inspection fees, repairs, due diligence, and/or
closing costs.

2. Assignment Fee. The Assignment Fee of $ shall be paid to Assignor from the proceeds at
Closing. The Assignee shall reimburse Assignor the escrow deposit amount of $____ which has already been
paid by Assignor. This Assignment is made with no warranties, guarantees, or claims as to the condition or
size of Property, status of Property’s title, or the present or future value of Property. It is the Assignee’s sole
responsibility to perform due diligence before Closing. This Assignment shall survive the Closing. The
Assignee agrees that this Assignment of Contract/Interest may not be assigned to an additional party without
the prior written approval of Assignor.

3. Earnest Money. The Assignee shall make a non-refundable payment in the amount of $___ in the form
of a Bank Wire or Cashier's Check and the monies shall be deposited at ______located ________by 5pm
on________(“Earnest Money”). The Earnest Money shall be applied towards the overall Purchase Price.
Assignee understands that the Earnest Money deposit is non-refundable under any circumstances unless
Assignor is not able to deliver transferable title past the extension period. Assignee understands that EMD is
non refundable and will be automatically released to the assignor if the property referenced above does not
close on the closing date mentioned in this contract or assignor does back out of this agreement. If the event
Assignee does not make earnest deposit by the deadline, the contract will be automatically cancelled, without
any cure period, and Assignee will have no legal standing for the property or the contract.

4. Closing. This transaction shall be closed, the balance of the monies due shall be paid, and all documents
signed by the Parties on or before______he Earnest Money deposit shall be held by the escrow company
pending Closing. If escrow is delayed, Assignee agrees to extend the contract for up to 10 business days.
Assignor expressly agrees and understands that Assignee will pay Assignor an additional $1000.00/per day for
every day that closing is delayed past the date listed in this Section. The $1,000 penalty doesn't apply to the
assignee if the delay in closing is due to title or the seller. This penalty only applies if the assignee delays the
closing for any reason. Assignor may issue a 24 hour Cure Notice to Assignee, and if assignee does not cure
the breach within time frame, contract to be cancelled and Assignee to forfeit escrow deposit.
5. Counterparts; Electronic Signatures. The Parties may execute this assignment in any number of
counterparts, each of which is an original but all of which constitute one and the same instrument. For all
purposes herein, an electronic or facsimile signature shall be deemed the same as an original signature.

6. Remedies. It is expressly agreed that upon the event of any default or failure on the part of the Assignee to
comply with the terms and conditions of this Assignment the Earnest Money deposit shall be paid to Assignor
as liquidated damages. ASSIGNEE AND ASSIGNOR AGREE THAT IT WOULD BE IMPRACTICAL AND
EXTREMELY DIFFICULT TO ESTIMATE THE DAMAGES WHICH ASSIGNOR MAY SUFFER UPON an
ASSIGNEE'S DEFAULT AND THAT THE DEPOSIT AND ANY INTEREST EARNED THEREON, AS THE
CASE MAY BE, REPRESENTS A REASONABLE ESTIMATE OF THE TOTAL NET DETRIMENT THAT
ASSIGNOR WOULD SUFFER UPON AN ASSIGNOR DEFAULT. SUCH LIQUIDATED AND AGREED
DAMAGES ARE NOT INTENDED AS A FORFEITURE OR A PENALTY WITHIN THE MEANING OF
APPLICABLE LAW.

7. Entire Agreement. This Assignment, together with the Exhibit A Agreement, constitutes the sole and entire
agreement of the parties to this Assignment with respect to the subject matter contained herein and supersedes
all prior and contemporaneous understandings and agreements, both written and oral, with respect to such
subject matter. This Assignment is entered into after full investigation, no party is relying upon any statement or
representation, not set forth in this Assignment, made by any other party

8. Effectiveness. This Assignment will become effective when all Parties have signed it. The date this
Assignment is signed by the last party to sign it (as indicated by the date associated with that party’s signature)
will be deemed the date of this assignment.

9. Other Terms
The undersigned agrees that they have the full authority to execute this document personally and for any
organization they represent or will represent. By signing, you agree that you have read, understand and have the
full power and authority to enter into this legal agreement. If you do not understand this document, please seek
legal counsel prior to signing. Assignee holds Assignor harmless. The undersigned acknowledges receipt of a copy
of this document.

This contract is non-assignable.

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Assignor’s Signature Date:

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Assignee’s Signature Date: