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Ownership agreement letter w R Western Rim ! A Investment Advisors Investment Advisors and Port~olio Managers Telephone (817) 215-8100 2400 N. Highway I Zl # 107 Mailln8 Address: Telecopier (817) ZI 5-8110 £uless, Texas 76039 P.O. Box 426 Coll~yville. Texas 760~4 Mr. Gary Seib, Dir. Of Planning & Communi~., Services 255 Parlm'~~ Boulevard Coppell, Texas 75019 RE: Asbury Estates Dear Ga~: I intend to complete Asbury Estates consistent with the first Phase completed by Ryland Homes. We ~11 use the same brick for the exterior wall. Additionally, we will utilize the same HOA document (see attached). I have agreed to sell lots to Ryland Homes; however, the transactions does not close until lots are completed and accepted by the Ci~~ of Coppell. Richard E. Si~hm¢ ~s President RES/Id