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CONTRACT FOR THE SALE. OF REAL PROPERTY This Contract of Sale ('Agreement") is made by and between RN Simpson I loldings, LLC ("Sellers")and the City of Batesville,Arkansas ("Purchaser"). WITNESSETH: In consideration of the mutual promises herein contained, the Sellers agree to sell, and the Purchaser Agrees to buy, in accordance with the terms and conditions of this Agreement,the following real property in Independence County,Arkansas: Lots Five (5),Six (6) and Seven (7) in Block One (1); And Lots One (1),Two (2)and Four(4) in Block Three (3); of Heasley's Addition to the City of Batesville,Arkansas,as appears in Plat thereof of record in Deed Record Book"D-7",pages 311 to 313,inclusive,of the records of Independence County, Arkansas. Commonly Known as: 300 Blossom Drive, Batesville,AR 72501 (hereinafter referred to as the"Property") 1. PURCHASE PRICE. The Purchase Price for the Property is$225,000 payable at closing. 2. TITLE AND CONVEYANCE. Sellers are to convey title to Purchaser by Warranty Deed.Title shall be good and marketable, subject only to: (a)covenants,conditions,easements,agreements,and restrictions of record; (b) public, private utility easements and roads and right-of ways; (c) applicable zoning ordinances, protective covenants and prior mineral reservations; and (d) real estate taxes for the year 2023,water charges and/or sewer rents, if any,subject to apportionment. 3. CONDITION OF PROPERTY. The Property is being sold as is with the exception of representations made in this agreement. Purchaser certifies that Purchaser has personally inspected or will personally inspect, or has had or will have a representative inspect,the Property as fully as Purchaser desires and is not relying upon any warranties, representations or statements of the Sellers regarding the Property, whether or not an existing defect may be reasonably discoverable by Purchaser. PLAINTIFF'S EXHIBIT