No. 0077 approving the proposed disposition and minimum price for a certain parcel of real estate in Sample Street Project INDIANA R-7 Area by advertising/soliciting written bids

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7. RgTENTION OF DEPOSIT In the event this Offer is accepted by the Department of Redevelopment and the Offeror fails or refuses to perform the remaining conditions of this Offer, and to execute the Agreement within sixty (60) days after notification thereof or such extension of time as may be granted by the Seller, the Seller may terminate all rights of the Offeror hereunder and, in such event, will retain the good faith deposit made by the Offeror, as liquidated damages by reason of the breach, and the S ller may proceed with other plans for the sale of the disposal s gment. S. COVENANT AGAINST CONTINGENT FEES Offeror warrants that no person or agency has been employed or retained to solicit or secure the acceptance of this Offer upon an agreement or understanding for a commission, percentage, brokerage, or contingent fee, excepting bona fide employees or bona. fide established commercial agencies maintained by the Offeror for the purpose of securing business. For breach or violation of the warranty, the Department shall have the right to annul its acceptance of this Offer, or the contract to arise thereupon, without liability or in its discretion to require the Offeror to pay, in addition to the purchase price or considera- tion, the full amount of such commission, percentage, brokerage, or contingent fee. Bona fide established commercial agencies may include real estate broker, investment brokers and others e gaged in furnishing bona fide investment or brokerage services. 9. W THDRAWAL IN CASE OF INABILITY TO DELIVER POSSESSION 10. Tie Department reserves the rig'--it to refund the deposit of the Offeror and to withdraw from the sale of the disposal segment of land at any time prior to conveyance of title thereto in the event that the Department is unable to deliver title and posses- sion of said property by reason of-the Department being enjoined or prevented from so doing by order or decision of a court of competent jurisdiction, Act of Congress, Executive Order, or act of other legislative or executive body having authority in the pr1emises. ILING OF NOTICES Acceptance or rejection of this Offer shall be made by depositing such acceptance or rejection notification in the United States Mails addressed to the Offeror at the address set forth below. Name of Firm or Individual (Type or Print) By Signature (in ink) (Type Name after Signature) Title (Type or Print) Business Address (Type or Print) Tel. No. State of Incorporation (Type or Print) -3-