THIS MEMORANDUM OF UNDERSTANDING is entered into on 20 January 2026

Between

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE ("Buyer")

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE ("Seller")

Whereas

The Parties wish to set out in this Memorandum ("MOU") the general terms and conditions of a proposed purchase of the property owned by the Seller. The terms set forth in this MOU will not become binding until a more detailed "Purchase Agreement" is negotiated and signed by the parties.

1. DESCRIPTION OF PROPERTY

The property proposed to be sold is located at ________, ________, ________ and is legally described as ________ and is legally described in the attached Exhibit "A".

The Real Estate is subject to public highways, covenants, restrictions and zoning, if any.

2. PRICE

The proposed purchase price is ________. The Purchase Price shall be payable as set out below:

Amount  Payment Date

The payment of the purchase price shall be made in the following manner:

3. BANK FINANCING

The Buyer has made it known that their ability to purchase the property is conditional on their ability to obtain financing. In the event the Buyer is not able to obtain financing, the Buyer will not be bound by this MOU and any monies paid to the Seller by Buyer will be refunded to the Buyer.