upr000349 97

1 2 3 4 5 6 7 8 9 10 11 1 2 1 3 1 4 1 5 1 6 1 7 1 8 1 9 20 21 22 2 3 2 4 2 5 2 6 II I t is the intention or the p arties hereto that the proper­tie s referred to .Section 1 or the sale Agreement sh a ll he trans­ferred to the d is tr ic t md that the frelSmlmrg Marches* Price feert« ia a fte r referred to ie paid to the S e lle rs on July 1, 1954, or on such other date as the part lea sh a ll mutually designate in w riting, which date is h erein after referred to m the - sale date "* i t is a-greed th at the purchase p rice of tsM properties m of April 30, 1954, computed as provided in sections S , 9 and 10 ©f the" Sale A** greeawat, is $ , which amount is h erein after referred to && the Preliminary Purchase P rice’'. Adjustment# in the purchase price to oe mad® pursuant to the provisions of Section# g and 10 of the Sale Agreement fo r the period, May Xf 1954, to the sale date, cannot we made u n til the etoemmting fo r said adjustments fey S e ile rs and the approval thereof fey the 'D istrict has teen eeapleted .suvae-qvmni to the sale date* However the p arties hereto estim ate that the purchase p rise ©f the said properties upon the sale date w ill fee $ which aaioimt la h erein after referred to m :t®~ fclmted Purchase P r ic e • Hie .difference mtmmti the Preliminary Purchase W c« and the Estimated Purchase P rice, m$m$ l _ , ...... ... is h erein after referred to as "'Purchase price adjustment fund . I t is agreed- that the said properties sh a ll m transferred md conveyed to the D istric t upon fete® ' sale date upon payment to' the S e lle rs of the Preliminary purchase p rice and that the Purchase prim ad ju st­ment urns sh all :se held ,y you and disbursed te the party entitled thereto in accordance with these instruct ferns after the* accounting 2. -j?