2018.06.04 CC Packet - Laserfiche WebLink

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Quotation or Reservation . Buyer desires to (check applicable box): A. 0 Obtain a quote from Seller on the estimated price for the Credits. ❑ Reserve the Credits for purchase by Buyer on the terms and conditions hereinafter set forth. 3. Quotation. If Box 2.A. is checked, this form constitutes an estimate and quotation by Seller to Buyer as to the price and cost of the Credits. Buyer acknowledges and agrees that Seller is not reserving the Credits for purchase by or transfer to Buyer, and Seller is free to sell the Credits described on this form to another buyer at any time on any terms and conditions acceptable to Seller in Seller's sole and absolute discretion. The price estimated by Seller is not guaranteed and if Buyer purchases the Credits the price may be higher or lower. 4. Reservation. If Box 2.13. is checked, Seller agrees to hold the Credits for purchase by Buyer for a period of 90 days from the Effective Date. In consideration of Seller's agreement to reserve the Credits for Buyer, Buyer, upon execution of this Agreement, shall pay to Seller a payment (the "Reservation Payment") in the amount of $ (Not Applicable) . Seller agrees to reserve and hold the Credits for purchase by Buyer until 11:59 p.m. on (Not Applicable) (the "Expiration Date"). On or prior to the Expiration Date, Buyer may deposit an additional Reservation Payment in the amount of (Not Applicable) with Seller to extend the Expiration Date for an additional 90 days to (Not Applicable) (the "Extended Expiration Date"). Such extension is valid only upon Seller's receipt of the additional Reservation Payment and Seller's confirmation in writing of the extension. If Buyer does not complete the purchase of the Credits by payment of the full purchase price for the Credits (the Total Purchase Price Payable to Seller) on or before the Expiration Date, or the Extended Expiration Date, if applicable, Buyer's reservation of the Credits is terminated, of no further force or effect, and Seller is free to sell or transfer the Credits to another buyer, or reserve the Credits for the benefit of another buyer in Seller's sole and absolute discretion. Upon receipt by Seller, the Reservation Payment and any additional Reservation Payment shall be deemed earned by Seller, shall be Seller's sole and absolute property, and shall not be refunded or repaid to Buyer in any circumstances. The Reservation Payment and any additional Reservation Payment shall apply to the purchase price of the Credits if Buyer completes the purchase of the Credits. Buyer's purchase of the Credits shall be by way of the Purchase Agreement and Bill of Sale for Wetland Bank Credits, a copy of which is attached hereto and made a part hereof. BUYER: David Hempel - Westwood By Its SELLER: MADER FARM, LLC By David M. Franske Its President and Manager