was finalized and closed by the BROKER to his registered buyer during the period of this agreement; and provided, further that the sale was consummated within Thirty (30) days from the expiration of this agreement. 7. The BROKER is not authorized to appoint a substitute; nor assign or transfer his obligations in this agreement without the written consent of the OWNER. Any and all proposals or offer to purchase the subject properties shall be subject to the approval of the OWNER. _ 8. Thisagreement shall be terminated on any of the following grounds: a) expiration of the period of appointment as fixed herein; b) failure of the BROKER to comply with his commitments in the agreement; 9. TheBROKER is not authorized to sell, convey or encumber any of the subject properties. 10. This agreement does not create an employer-employee relationship between the OWNER on the one hand and the BROKER on the other hand. IN WITNESS WHEREOF, the parties affixed their signatures this th day of 20. Seller Broker SIGNED IN THE PRESENCE OF: ACKNOWLEDGMENT (Signature and Seal of the Notary Public) (RORM NO 1)