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able, notes and mortgages and prepaid deposits for utilities and <br />chemicals owned -by the Company and located in Indian River County, <br />Florida, which pertains to or is used in the operation of the <br />above described water and sewer utility systems including, without <br />limitation, laboratory equipment, office equipment, portable <br />equipment, spare parts, tools, blueprints, plans, engineering <br />reports, as -built drawings, surveys, licenses, and approval <br />documents, which items are set out in Exhibit "D"; and all <br />information in possession of the Company which pertains to or <br />would aid Purchaser in obtaining the above described Subject <br />Assets. All property included in said inventory will be included <br />in the above described water and sewer utility systems -and assets. <br />4 A copy of the operating permits issued by all concerned <br />governmental agencies together with a description of the status of <br />said permits as of the date of execution of this agreement, shall <br />be supplied and attached hereto as Exhibit "E" and by reference <br />made a part hereof; a copy of the billing register of Seller as bf <br />the date of execution of this agreement, shall be attached hereto <br />as Exhibit"F" and by reference made a part hereof. <br />3. Purchase Price: Purchaser agrees to pay Seller and <br />Seller agrees to accept as the purchase price for the Subject <br />Assets, and as consideration for all of the undertakings herein <br />contained on the part of Seller, a total purchase price of <br />$225,000.00, and the purchase price of the assets of Seller shall <br />be allocated to the following assets, described in Paragragh 2 <br />herein, in the following amounts: <br />2 <br />(a)--------------------------$ <br />5,000.00 <br />2 <br />(b)--------------------------$ <br />51000.00 <br />2 <br />(c)--------------------------$ <br />5,000.00 <br />2 <br />(d) -------------------------- $217,000.00 <br />2 <br />(e)--------------------------$ <br />3,000.00 <br />Purchase Price $225,000.00 <br />4. Conveyance of the Subject Assets: All of the <br />Subject Assets shall be conveyed by Seller to Purchaser free and <br />clear of all encumbrances by Warranty Deed, Bills of Sale with <br />general warranties of title, Instruments of Conveyance, and <br />assignments of Contracts as may be required to transfer, assign, <br />and deliver to Purchaser the Subject Assets. Company will give <br />Purchaser a Quit Claim Deed for all properties, easements or other <br />MAY 51982 -3- P,K 4.9 PA E563 <br />