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= CALIFORNIA BUSINESS PURCHASE AGREEMENT AND
<br /> 4NIIiit ASSOCIATION
<br /> NOF REALTORS( JOINT .Form BPA,
<br /> INSTRUCTIONS
<br /> evised CZIONS
<br /> om`,
<br /> Date at California.
<br /> 1. OFFER:
<br /> A. THIS IS AN OFFER FROM ("Buyer").
<br /> ❑ Individual(s), ❑A Partnership, ❑A Corporation,❑An LLC, ❑An LLP, ❑Other
<br /> B. THE BUSINESS TO BE ACQUIRED is known as situated in
<br /> County of California, ("Business"),
<br /> described as
<br /> C. THE PURCHASE PRICE offered is
<br /> Dollars$
<br /> D. INVENTORY valued at approximately$ including work in progress,is included in the purchase price.
<br /> E. CLOSE OF ESCROW shall occur on (date)(or❑ Days After Acceptance).
<br /> 2. PAYMENT OF PURCHASE PRICE: Obtaining the loans below is a contingency of this Agreement unless:(i)2F is checked below;or(ii)otherwise
<br /> agreed in writing. Buyer shall act diligently and in good faith to obtain the designated loans. Obtaining deposit, down payment and closing costs is
<br /> not a contingency.Buyer represents that funds will be good when deposited with Escrow Holder.
<br /> A. INITIAL DEPOSIT: Buyer has given a deposit in the amount of. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
<br /> to the agent submitting the offer(or to❑ ),by personal check
<br /> (or ❑ ), made payable to ,
<br /> which shall be held uncashed until Acceptance and then deposited within 3 business days after Acceptance
<br /> or❑ ,with
<br /> Escrow Holder(or ❑ into Broker's trust account).
<br /> B. INCREASED DEPOSIT: Buyer shall deposit with Escrow Holder an increased deposit in the amount of . . . . . $
<br /> within Days After Acceptance,or❑
<br /> C. FIRST LOAN IN THE AMOUNT OF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
<br /> NEW First Deed of Trust in favor of ❑ lender, ❑seller, ❑ Small Business Administration, secured by Buyer's
<br /> own real property or, if real property is included in the sale, then by that real property, payable at maximum
<br /> interest of %fixed rate,or % initial adjustable rate with a maximum interest rate
<br /> of %,balance due in years,amortized over a period of not less than years
<br /> (If checked:❑ and with a margin not to exceed %,tied to the following index: ).
<br /> Buyer shall pay loan fees/points not to exceed
<br /> Additional terms:
<br /> D. SECOND LOAN IN THE AMOUNT OF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
<br /> NEW Second Deed of Trust in favor of❑ lender, ❑ seller, ❑ Small Business Administration, secured by Buyer's
<br /> own real property(or❑ ),payable at maximum interest of
<br /> %fixed rate, or % initial adjustable rate with a maximum interest rate of
<br /> %,balance due in years,amortized over a period of not less then years
<br /> (If checked:❑ and with a margin not to exceed %,tied to the following index: ).
<br /> Buyer shall pay loan fees/points not to exceed
<br /> Additional terms:
<br /> E. LOAN SECURED BY BUSINESS ASSETS IN THE AMOUNT OF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
<br /> Evidenced by a note in favor of Seller secured by the assets of the Business,together with a security agreement in
<br /> the usual and customary form covering all assets of the Business,and a UCC-1 filing to be filed with the Secretary
<br /> of State,which shall include proceeds of collateral, in❑first or❑second position, or❑
<br /> payable at maximum interest of %fixed rate,or %initial adjustable rate
<br /> with a maximum interest rate of %, amortized over a period of not less than years,
<br /> and all due in not less than years (if checked: ❑ and with a margin not to exceed %,
<br /> tied to the following index: ). Buyer shall have the right, at Buyer's expense,to conduct a
<br /> valuation of the assets within the time specified in paragraphs 8 and 25. If the assets' value is less than the
<br /> amount of the loan provided for in this paragraph 2E,then the difference between the amount of the loan specified
<br /> in this paragraph 2E,less the value of the assets,shall become an unsecured loan.
<br /> F. ❑ALL CASH OFFER (If checked): No loan is needed to purchase the Business. Buyer shall, within 7
<br /> (or )Days After Acceptance,provide Seller written verification of sufficient funds to close this transaction.
<br /> G. ADDITIONAL FINANCING TERMS:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
<br /> Buyer's Initials ( )( )
<br /> The copyright laws of the United States(Title 17 U.S.Code)forbid the unauthorized
<br /> reproduction of this form,or any portion thereof,by photocopy machine or any other Seller's Initials ( )( )
<br /> means, including facsimile or computerized formals. Copyright © 1989-2002, EOuat HOusluc
<br /> CALIFORNIA ASSOCIATION OF REALTORS®,INC.ALL RIGHTS RESERVED. RBVI2WBd by Date OPPORTUNITY
<br /> BPA REVISED 10/02(PAGE 1 OF 9) BUSINESS PURCHASE AGREEMENT BPA PAGE 1 OF 9
<br /> Agent: www.FrancisMazzuca.com Phone:(925)934-2900 Fax:(925)934-3422 Prepared using WINForms®software
<br /> Broker: Keller Williams Realty 3021 Citrus(''--Ie Suite 100, Walnut Creek CA 94598
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