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1 2 3 4 5 6 7 8 9 10 1 1 12 13 14 1 5 1 6 17 1|8 19 20 21 22 23 24 25 26 II It is the Intention of the parties hereto that the proper** bieB referred to in Section 1 of the Sale Agreement shall be trans** ’erred to the District and that the Preliminary Purchase Price [hereinafter defined) be paid to the Sellers on July 1, 1954, or on »uch other date as the parties shall mutually designate in writing, rhlch date is hereinafter referred to as the "sale date**. It is a- ;reed that the purchase price of said properties as of April 30, .9 5 4 , computed as provided in Sections 8, 9 and 10 of the Sale agreement, is $2,317»663.43> which amount is herein referred to s the ’’Preliminary Purchase Price”. Adjustments in the purchase rice to be made pursuant to the provisions of Sections 9 and 10 of he Sale Agreement for the period, May 1, 1954, to the sale date, annot be made until the accounting for said adjustments by Sellers nd the approval thereof by the District have been completed subse** uent to the sale date. However, the parties hereto estimate that he purchase price of the said properties upon the sale date will e $2,475,046.18, which amount is hereinafter referred to as ”Es-lmated Purchase Price”. The difference between the Preliminary lire ha se Price and the Estimated Purchase Price, being $1 5 7 ,38 2.7 5 , a hereinafter referred to as "Purchase Price Adjustment Fund". It 3 agreed that the said properties shall be transferred and conveyed > the District upon the sale date upon payment to the Sellers of le Preliminary Purchase Price and that the Purchase Price Adjust-snt Fund shall be held by you and disbursed to the party entitled lereto in accordance with these instructions after the accounting 2.