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Page 7 <br />proceeding with this transaction. By my signature, I represent that we are authorized to sign on <br />behalf of Purchaser. Purchaser and Lender acknowledge that Seller is relying on the enforceability <br />of the foregoing agreements in proceeding with this transaction. <br />Seller acknowledges receipt of good and valuable consideration from Purchaser as <br />consideration for this L01. In the event the foregoing accurately sets forth the general terms and <br />conditions upon which Seller would be willing to sell and convey the Property to Purchaser, <br />please have the enclosed counterpart of this L01 executed and returned to the undersigned at <br />your earliest convenience. In the event that a PSA is executed and delivered by both parties, the <br />terms of such PSA shall supersede all prior discussions and negotiations, including by way of <br />example, this L01, and such PSA shall constitute the entire agreement of the parties. <br />[SIGNATURE PAGE FOLLOWS] <br />