EX-10
from 8-K
4 pages
June 2, 2005 Port Assets LLC 2606 West Lane Houston, Texas 77027-4914 Attn: W.W. Scott Jr. Re: Purchase Offer Purchase Price: Pursuant to the Purchase Agreement, Upon Consummation of the Purchase, the Vendors Will Receive in Exchange for One Hundred Percent (100%) of the Property: 1. Purchase Price Part A: A Cash Component Amount of Three Million Dollars ($3,000,000) Payable By: A. $150,000 in a Non-Refundable Cash Deposit on or Before the 10th Day After Executing This Agreement, This Payment Is Not Subject to the Conditions to Closing Herein; B. $2,850,000 in Cash at Closing;
12/34/56