CONTRACT FOR SALE OF REAL PROPERTY This Contract for Sale of Real Property, hereinafter called "Contract", is made

and entered into this xxrd day of xxxx, 2007, among ______________ and __________________, husband and wife, jointly and severally, hereinafter called "Sellers", and ____________________ and ________________, husband and wife, jointly and severally, hereinafter called "Buyers". For and in consideration of the mutual covenants and performances of the parties hereto, and other good and valuable consideration, the receipt of which is hereby acknowledged by all parties, they agree as follows: 1. SALE OF PROPERTY. Sellers shall sell to Buyers and Buyers shall purchase from Sellers that certain real property described hereinafter together with all buildings, fixtures, improvements and appurtenances thereto and thereon, and all easements relating thereto, the same being cumulatively referred to hereafter as the "Property", the specific legal description for which is as follows: Lot __, Block __ ___________ Addition to the City of, County, State of. (aka __________________) The Property shall include all electrical and plumbing fixtures, light fixtures, wall-to-wall carpeting, floor coverings, window coverings and curtains, ceiling fans, attached fire place screens, keys, doors and screens, all built-in appliances, garage door openers and controls, water heaters and heating and air conditioning systems. Property excludes water softening system. 2. PURCHASE PRICE. The total purchase price to be paid by Buyers to Sellers for the Property shall be $ ______________, payable as follows: $___________ on execution of this Contract, the receipt of which is hereby acknowledged by Sellers, as earnest money and part payment on the purchase price according to the terms set out hereinafter. The balance of the purchase price in the sum of $______________ shall be paid in cash or certified funds at closing upon delivery of the deed from Sellers to Buyers. 3. CLOSING. Closing shall be conducted on or before the ______ day of ________________, 2007, at a specific time and place to be agreed to between the parties. At closing, Sellers shall deliver to Buyers a duly executed and acknowledged warranty deed conveying the Property to Buyers, and the purchase price shall be paid to Sellers in exchange therefore. Possession shall be delivered by _______ p.m. on ______________________ in order to allow Sellers an opportunity to remove their belongings subsequent to closing. Relationship between closing and possession shall be landlord/tenant and sellers are responsible for damages to their household goods. 4. TITLE. Within fourteen (14) days from the date that Buyers have notified Sellers of the satisfaction of the contingency described in paragraph 12 hereafter, or within fourteen (14) days from the date that Sellers have either notified Buyers of the removal of said contingency or said contingency has been removed by failure of Buyers to give timely notice to Sellers, Sellers shall provide Buyers with an extended abstract of title certified at least to the date of this Contract, showing marketable title to the Property in Sellers, subject only to easements, restrictive covenants and rights-of-way of record. Said abstract must show title in Sellers free and clear of all encumbrances and defects of any kind other than as stated. Marketable title shall be as defined by the Oklahoma Title Standards adopted by the Oklahoma Bar Association and in accordance with the Oklahoma Record Marketable Title Act. Buyers shall have ten (10) days from the date of receipt of the abstract to examine the same and to furnish Sellers with any title requirements in writing. Sellers shall have up to forty-five (45) days after notice of any such defects to cure the same, at Sellers' expense. Upon Sellers' inability to do so, Buyers, at their option, may either close

this transaction subject to said defects or exercise their option to terminate this Contract and receive the return of their earnest money. 5. SURVEY. Buyers, at their option, may obtain a survey of the Property. Such survey shall be at the sole cost and expense of Buyers. Provided that, should such survey disclose the encroachment of any structure or improvement from or onto the boundary lines of the Property, or a violation of set-back restrictions, Buyers, at their option, may either require that the encroachment or set-back violation be cured prior to closing or may choose to invalidate this Contract by reason of such defect. 6. RIGHT OF INSPECTION. Buyers and/or Buyers' designees shall have the right from time to time, at reasonable times prior to closing, to inspect the Property. Sellers shall provide access to the Property at reasonable times upon the request of Buyers or Buyers' designees to such persons as Buyers or Buyers' designees shall wish to have examine the Property for the purposes of making appraisals, inspections, surveys, estimates and other examinations. Such examinations shall be conducted solely on Buyers' behalf and .not on behalf of Sellers. Buyers shall be solely responsible for all costs and expenses of any nature incurred in connection therewith. 7. CONDITION OF PROPERTY. Within ten (10) days after removal of Buyers contingency described in paragraph 12 hereafter, whether such contingency is satisfied or removed by notice to Sellers or by the passage of time without notice, Buyers shall provide 'Sellers8.list of all items not in working order with estimated costs of repair. If Buyers fail to deliver such report within said time, then Buyers shall be deemed to have accepted the Property in "as is" condition. If Buyers timely deliver the written report of items not in working order with estimated costs of repair, the first $100.00 of such repairs shall be Buyers' expense. Total repairs costing in excess of $100.00, but not to exceed a total cost to Sellers of $150.00, shall be paid by Sellers. If the total repairs exceed $250.00, Buyers may elect for Sellers to satisfy their $150.00 obligation and close the Contract with the Property otherwise accepted in "as is" condition, or Buyers may elect to terminate this Contract and receive return of their earnest money. Buyers shall have the right to re-inspect the Property prior to closing to determine if the repairs have been made. In lieu of making any repairs, Sellers may pay Buyers at closing the estimated costs of repairs to the extent of Sellers' responsibility hereunder. For the purposes of this paragraph and Sellers' responsibility hereunder, Buyers may require repairs only to the following items to the extent that the following items are not in normal working condition, reasonable wear and tear excepted: A. built-in appliances, plumbing, heating, air conditioning and air duct systems B. structural including, but not limited to, foundation C. electrical systems D. roof E. windows and doors F. drainage Other than as set out above, Buyers acquire the Property "as is", and Sellers make no warranties concerning the condition, soundness, habitability, performance or safeness of any portion of the Property or improvements. Provided that, Sellers do warrant that there will be no damage or destruction to any part of the improvements between the date hereof and the date of closing. SELLERS SPECIFICALLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY, HABITABILITY AND FITNESS FOR PARTICULAR PURPOSE. 8. DISCLOSURE STATEMENT. Sellers have completed a Residential Property Condition Disclosure Statement Form as provided by 60 O.S. 831 et seq. Buyers acknowledge that they have executed the described form and have received a copy thereof as required by law.

9. RISK OF LOSS. Until closing, risk of loss or damage to the Property shall be upon Sellers. Upon any damage or destruction to the Property prior to closing, Buyers may choose to void this Contract. After closing, Buyers shall bear the risk of loss or damage to the Property. 10. COSTS AND EXPENSES. Sellers shall pay the documentary stamps for recording the deed. Sellers shall pay for preparing and delivering the updated abstract and for any cost of rendering the title marketable. Buyers shall pay the cost of any title opinion and/or title Insurance desired by Buyers. Buyers shall pay for recording the deed. All ad valorem taxes and assessments for 2003 and prior shall be paid by Sellers. All ad valorem taxes and assessments for 2004 shall be prorated as of the date of closing. Sellers shall cause all utility meters to be read as of the date of closing, and Sellers shall be responsible for all utility services to the Property prior to the date of closing. Buyers shall be responsible for making their own utility deposits with the utility providers and for all utility services to the Property on and after the date of closing. The cost incurred for any closing agent shall be divided equally between Buyers and Sellers not to exceed $100.00 each. 11. TERMITE INSPECTION. Buyers may pay for and provide Sellers, at Buyers' expense, a certificate from a duly licensed pest control company evidencing whether or not the Property is free from the existence of termites and damages to the improvements from termites. If termite infestation or damage is indicated, Sellers, may at their option, treat the Property and repair any damages. If Sellers choose not to treat and repair, Buyers may choose to invalidate this Contract and receive return of their earnest money. 12. BUYERS' CONTINGENCY. Buyers' obligation to perform hereunder is contingent upon Buyers being approved for a conventional real estate loan in a principal amount not less than $_____________, with an amortization of not less than fifteen (15) years at a fixed annual interest rate of not more than ____________. Further, the Property and improvements must be appraised by the lender's appraiser for not less than the sale price. Provided that, if Buyers have not given Sellers written notice on or before __________________ of the failure of this contingency, then Buyers shall be deemed to have waived the protections of this contingency it shall be considered removed herefrom, and Buyers shall be bound by the remainder to this Contract according to its terms. All parties shall proceed with their obligations as described herein as if Sellers had received notice of satisfaction or waiver of this contingency from Buyers. In the alternative, Buyers may at any time notify Sellers of the satisfaction of this contingency, or of Buyers election to remove this contingency from the Contract. In the alternative, if Buyers notify Sellers in writing on or before _______________ of the failure of this contingency, then this Contract shall be considered null and void and Buyers shall receive return of their earnest money deposit. Provided that, Buyers shall diligently pursue the approval of such a loan, at multiple institutions if necessary, and shall cooperate with the application and lending procedures of such financial institutions in order to seek a qualifying loan in good faith and within the time allowed. 13. TERMINATION. This Contract may, by written notice given at or prior to the closing hereof in the manner hereinafter provided, be terminated:
(a) By Sellers or Buyers if a material default or breach shall be made by the other with

respect to the due and timely performance of any covenants and agreements contained herein, or with respect to the due compliance or accuracy of any of the representations and warranties contained herein, as the case may be, and such default cannot be cured by the closing date and has not been waived; (b) By mutual consent of the parties; (c) Upon the failure of any contingency herein in favor of Buyers, if properly and timely exercised by Buyers; (d) By any party, in writing, if the closing shall not have occurred other than through failure of the party electing to terminate to fulfill their obligations hereunder, on or before the

scheduled closing date, unless extended as described in paragraph 4, or to such later date as may be agreed between the parties; or (e) As specifically otherwise allowed hereby. Each party's right of termination hereunder is in addition to any other rights and remedies they may have hereunder or otherwise. 14. REMEDIES. In the event that this Contract is terminated by one party because of a breach or default by the other party, it is expressly agreed and understood that the terminating party's right to pursue all legal remedies for breach of contract and damages shall also survive the termination hereof unimpaired, including Buyers' right to effect the remedy of specific performance cumulatively with a claim for damages for breach. Upon any termination of this Contract as allowed in favor of Buyers, unless Buyers have chosen the remedy of specific performance, Sellers shall immediately cause the return to Buyers of the earnest money deposit. Should Buyers wrongfully fail or refuse to comply with their obligations and conditions assumed hereunder, then Sellers shall be entitled to invalidate this Contract and retain the earnest money deposit as liquidated damages, all parties hereto acknowledging that actual damages would be difficult if not impossible to measure. All remedies provided herein or by law shall be considered cumulative and the exercise of one shall not be a bar to the exercise of any other right at the same time or at any other time at the election of the party. 15. AMENDMENTS. No amendments or modifications to this Contract shall be deemed valid unless first reduced to writing, dated and signed by all parties hereto. No wavier of any provision of this Contract shall be valid unless such waiver is in writing, duly executed and dated by the party or parties sought to be charged therewith. 16. INTEGRATION AND INTERPRETATION. This Contract constitutes the entire understanding and agreement among the parties hereto and supersedes all prior agreements and understandings between them relating to the sale contemplated hereunder and there are no other agreements, understandings, restrictions, warranties or representations among the parties relating to the purchase of the Property set forth herein except as such agreements may be referred to herein or hereafter executed in writing. This Contract shall be interpreted and enforced in accordance with the laws of the State of Oklahoma. 17. ATTORNEY FEES. In the event litigation is maintained or initiated by a party to this Contract against any other party to enforce or interpret any of the terms of this Contract or seek any remedy for any breach hereof, the prevailing party in such litigation shall be entitled to recover from the other a reasonable attorney fee and costs of suit as determined by the Judge of the Court having proper jurisdiction thereof. 18. SEVERABILITY. In the event any of the provisions of this Contract or any amendment or modification hereto shall be held to be invalid or unenforceable by any final order of a court of competent jurisdiction, the same shall not affect in any respect whatsoever the validity or enforceability of any of the remaining provisions of this Contract. Any such invalid provision shall, to the extent reasonably possible, be amended and modified to render the same legal and enforceable In keeping with the basic intent of the parties hereto. 19. NOTICES. Any notice required or to be given by any party hereunder shall be given by first class mail with postage pre-paid and shall be deemed given three (3) days after posting, or when received, whichever is earlier, to the parties at the following addresses:

To Sellers: ______________________ ______________________ ______________________ To Buyers: ______________________ ______________________ ______________________ In lieu of mailing, any written notice may be personally delivered. 20. WAIVER. Waiver of any term or condition of this Contract by any party shall only be effective if in writing and shall not be construed as a waiver of any subsequent breach or failure of the same term or condition, or a waiver of any other term or condition of this Contract. 21. ASSIGNMENT. Neither party to this Contract may assign or delegate, by operation of law or otherwise, all or any portion of their rights, obligations or liabilities under this Contract without the prior written consent of the other party to this Contract, which may be withheld in their absolute discretion. 22. BINDING EFFECT. This Contract, and all documents and agreements executed and delivered as a part hereof, shall be binding upon and inure to the benefit of the respective parties hereto, their heirs and personal representatives. IN WITNESS WHEREOF, the parties hereto have executed this Contract as of the day and year first above written. SELLERS: _________________________ _________________________ BUYERS: _________________________ _________________________