Summary of the Offer

PRICE	$1,200,000
DEPOSIT	25,000
To be released to seller after 45 days in escrow
INCREASED DEPOSIT (non-refundable) at 45 days	25,000
To be released to seller immediately
INCREASED DEPOSIT (non-refundable) at 90 days	50,000
BALANCE AT CLOSE OF ESCROW	500,000
CLOSE OF ESCROW TOTAL CASH	600,000
SELLERS’ FIRST T.D.	600,000
8% interest only payments due in 12 months	48,000
Remaining interest and principal due in 18 months	624,000
INTERST EARNED - Life of the Loan	72,000
BENEFITS 1. Interest Income 2. Defer capital gain 3. Defer income tax
CONTINGENCIES
OPTIONS TO EXTEND ESCROW	2 - 60 day options
Buyer to deposit $50,000 non-refundable each time
Physical Inspection contingency*	45 days from acceptance
Approval of preliminary title report	45 days from receipt
Geological inspection contingency	45 days
Approval of Sellers disclosures other than TDS	10 days from receipt
Approval of Transfer Disclosure Statement	3 days after receipt
Close of escrow	120 days from acceptance

* See letter with details on the contingency.

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This is a Summary only. For details see Deposit Receipt and Contract to Purchase.

This is an estimate only. While believed to be accurate there are no warranties expressed or implied