Best Shot Range - Auction

Confidentiality Agreement

CONFIDENTIALITY AGREEMENT This Confidentiality Agreement ("Agreement") is made this 30th day of June, 2024, by and between TBD ("Owner"), and ("Recipient"), having an address at 4425 FM 2351 Suite D , Friendswood, TX 77546. (Owner and Recipient are hereinafter sometimes referred to collectively as the "Parties" and individually as a "Party"). R E C I T A L S: WHEREAS, the Parties may engage in or are currently engaged in discussions concerning a potential transaction relating to that certain retail shopping center located at 4425 FM 2351 Suite D , Friendswood, TX 77546 which is commonly known as "Best Shot Range - Auction" (the "Property"); and WHEREAS, in connection with such discussions, Owner anticipates that Owner may provide Recipient with certain confidential and/or proprietary information of Owner; and WHEREAS, the Parties further recognize and acknowledge that the Confidential Information (hereinafter defined) is valuable, proprietary, special and unique and that protection of this information is of critical importance to Owner in maintaining its competitive position. NOW, THEREFORE, for and in consideration of the premises and mutual agreements set forth in this Agreement and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed as follows: 1. Acknowledgment of Confidentiality. Recipient recognizes and acknowledges that during the course of discussions or negotiations relating to the potential sale of the Property by Owner to Recipient ("Potential Transaction"), Owner may deliver to Recipient certain written or printed confidential and/or proprietary business information, including, but not limited to, rent rolls and operating statements for the Property (collectively, "Confidential Information"). Recipient agrees that Confidential Information received by it from Owner in the furtherance of the evaluation of the Potential Transaction must (a) be received and maintained in strict confidence, (b) be used only for the purposes of the Potential Transaction, and (c) not be disclosed (except as otherwise permitted herein or required by law or legal process) to any person, firm, corporation, association, organization or other entity of any nature for any reason or purpose whatsoever without the express prior written consent of Owner. Recipient agrees that the foregoing restriction on the use of the Confidential Information, includes, without limitation, Recipient's agreement not to (d) contact any tenant of the Property, (e) contact any vendor or contractor providing services to the Property, or (e) use the financial or rent roll information for comparison of the Property to any other property. 2. Exceptions to Confidential Information. Notwithstanding anything herein to the contrary, no obligation or liability accrues hereunder with respect to Confidential Information, that (a) is or becomes publicly available other than as a result of acts byRecipient or its representatives in violation of this Agreement, (b) is, on the advice of counsel, required to be disclosed by law or by legal process, or (c) is disclosed byRecipient to its necessary agents or representatives in connection with evaluation of the proposed purchase as long as Recipient requires confidentiality with respect to such information. 3. Return of Confidential Information. Recipient must return all Confidential Information to Owner together with all copies thereof on or prior to the earlier of (a) the termination of negotiations for the purchase and sale of the Property by either Party, (b) the expiration or earlier termination of any contract of purchase and sale between the Parties relating to the Property, or (c) 60 days from the date hereof, unless on or prior to such date Owner and Recipient have entered into a formal written contract of sale. 4. Enforcement and Governing Law. In the event of a breach of any of this Agreement by Recipient, Owner shall be entitled to seek such remedies as may be available at law or in equity, including an action for damages, specific performance, injunction, accounting, or otherwise. Owner shall be entitled to recover, as part of its judgment, Owner's attorney's fees and court costs. The laws of the State of Texas govern the terms and conditions of the Agreement. IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

Sign Below *

• Non-Contingent
• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit
• Well-established, income-producing shooting range business with +/-7,860 SF building and +/- 0.91 acres of land; in business since 2010
• Property includes a 10 lane indoor pistol range with a Meggitt Trolley Target System and distances to 50 feet and a 4 lane Benchrest Rifle Range with distances to 25 yards and a automated target system
• Major business assets and real estate included in the sale; Current inventory valued at +/- $75,000; range guns valued at over $50,000
• Additional improvements on site include a 45-foot storage shipping container, 1,053 SF storage building, 620 SF storage building, and 392 SF classroom building with seating for 24
• Average traffic of over 22,000 vehicles per day on FM 2351
• Located in Harris County and Clear Creek ISD with a total tax rate for 2024 of $2.13 per $100 of assessed value. No Zoning Restrictions.

For registration requirements and regulations, please review the Crexi link or contact Jake Fleming | 949-401-9557 | jfleming@crexi.com. Best Shot Range is revitalizing the shooting range experience with a combination of engaging programs, outstanding staff, and the finest indoor shooting facilities in the Bay Area. The range offers a diverse array of classes, including those for obtaining the Texas License to Carry a Handgun and their specialized Personal Learn to Shoot class, tailored for shooters of all skill levels. The full-service Pro Shop is a one-stop destination for firearm enthusiasts, featuring sales and service for all major brands of firearms. Whether you're looking to purchase a new firearm or need maintenance and repairs, the expert staff is ready to assist. Additionally, they provide FFL transfer services to facilitate your firearm transactions with ease and compliance. Unique to Best Shot Range is Southeast Texas’ only Indoor Benchrest Rifle Range, which proudly accommodates shooters with no caliber restrictions. This exceptional feature ensures that shooters can practice and hone their skills with a wide variety of firearms, making it a premier destination for rifle enthusiasts.