EX-10
from 10-12G/A
10 pages
Date May 20, 2005, at Riverside, California. 1. Offer: A. This Is an Offer From Castle Arch Real Estate Investment Company, LLC, (“Buyer”). B. the Real Property to Be Acquired Is Described as Approx. 160 Acres at Se Corner of Dogwood Road and Athen Road, Assessor’s Parcel No(s). 044-230-11, Situated in , County of Imperial, California, (“Property”). C. the Purchase Price Offered Is Seven Million Five Hundred Thousand Dollars $ 7,500,000.00. D. Close of Escrow Shall Occur on November 20, 2006 (Date) (Or £ 546 Days After Acceptance). 2. Finance Terms: Obtaining the Loans Below Is a Contingency of This Agreement Unless: (I) Either 2d or 2l Is Checked Below; or (II) Otherwise Agreed in Writing. Buyer Shall Act Diligently and in Good Faith to Obtain the Designated Loans. Obtaining Deposit, Down Payment and Closing Costs Is Not a Contingency. Buyer Represents That Funds Will Be Good When Deposited With Escrow Holder. A
12/34/56
EX-10
from 10-12G/A
10 pages
Date May 20, 2005, at Riverside, California. 1. Offer: A. This Is an Offer From Castle Arch Real Estate Investment Company, LLC, (“Buyer”). B. the Real Property to Be Acquired Is Described as Approx. 160 Acres at Sw Corner of Cooley Road and Aten Road, Imperial, Assessor’s Parcel No(s). 044-230-20, Situated in , County of Imperial, California, (“Property”). C. the Purchase Price Offered Is Eight Million Eighty Thousand Dollars $ 8,080,000.00. D. Close of Escrow Shall Occur on November 20, 2006 (Date) (Or £ 546 Days After Acceptance). 2. Finance Terms: Obtaining the Loans Below Is a Contingency of This Agreement Unless: (I) Either 2d or 2l Is Checked Below; or (II) Otherwise Agreed in Writing. Buyer Shall Act Diligently and in Good Faith to Obtain the Designated Loans. Obtaining Deposit, Down Payment and Closing Costs Is Not a Contingency. Buyer Represents That Funds Will Be Good When Deposited With Escrow Holder. A
12/34/56
