EX-10
from 8-K
8 pages
$ 400,000 A. Purchase Price. $ 0 B. Earnest Money Deposit Received. All Deposits to Be Held by the Group Trust Account (Hereinafter Referred to as “Broker/Escrow Agent”). All Parties Acknowledge That All Funds Are Subject to Collection and That Funds Will Not Be Disbursed Until They Are Collected. All Funds Will Be Held in a Non-Interest Bearing Account. $ *25,000 C. as Deposit Upon Acceptance of This Offer by Seller, to Be Received in the Form of a Check. Deposits to Be Held by the Group Trust Account (Hereinafter Referred to as "Broker/Escrow Agent".) Seller and Buyer Acknowledge That Checks Accepted by Broker and/or Escrow Agent Are Subject to Collection. Escrow Funds Will Not Be Disbursed Until They Have Been Cleared by Said Bank. Escrow Accounts Will Not Bear Interest. $ 375,000 D. Cashier's Check Payable to Closing Agent at or Before Closing. $ 0 E. Promissory Note, as Set Out in Paragraph 4, Made in Favor of and to Be Delivered to Seller at Closing Payable in __ Equal Consecutive Monthly Payments of $ Which Includes Interest at the Rate of % Per Annum. the First Payment Shall Be Due 30 Days After Closing. $ 0 F.__n/a $ 400,000 Purchase Price Total
12/34/56
