Common use of Acceptance by Escrow Agent Clause in Contracts

Acceptance by Escrow Agent. Escrow Agent hereby (a) acknowledges receipt of a fully executed copy or counterpart copies of this Agreement on this 27th day of May, and has inserted said date on the first page of this Agreement, and (b) hereby agrees to establish an escrow (Escrow No. 99-17612- (Master)) and to administer the same in accordance with the provisions hereof. Escrow Agent further agrees to immediately deliver to Purchaser and Seller copies or counterpart of this fully executed Agreement. Lawyers Title Insurance Corporation By: /s/ ▇▇▇▇▇ ▇ ▇▇▇▇▇▇ Its: National Title Officer EXHIBIT A TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS Attached to and forming a part of PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS between AEI and ARAMARK EDUCATIONAL RESOURCES, INC. DBA Children's World Learning Centers, dated 5/20/99, 1999: PURCHASE PRICE SILVERLAKE If Closing OCCURS BY: BUT OCCURS NO LATER THAN: TOTAL PURCHASE PRICE SHALL BE: 04/30/99 05/27/99 $914,000 05/28/99 07/01/99 $912,000 07/02/99 07/30/99 $910,000 ▇▇▇▇▇▇▇▇▇▇▇▇ If Closing OCCURS BY: BUT OCCURS NO LATER THAN: TOTAL PURCHASE PRICE SHALL BE: 04/30/99 05/27/99 $1,019,000 05/28/99 07/01/99 $1,017,000 07/02/99 07/30/99 $1,015,000 LEDGEVIEW If Closing OCCURS BY: BUT OCCURS NO LATER THAN: TOTAL PURCHASE PRICE SHALL BE: 04/30/99 05/27/99 $1,153,000 05/28/99 07/01/99 $1,150,000 07/02/99 07/30/99 $1,148,000 Lessee /s/ JR Lessor /s/ RPJ Children's World Purchase Agreement 5/20/99 GRANT RANCH If Closing OCCURS BY: BUT OCCURS NO LATER THAN: TOTAL PURCHASE PRICE SHALL BE: 04/30/99 05/27/99 $1,451,000 05/28/99 07/01/99 $1,449,000 07/02/99 07/30/99 $1,446,000 MEQUON If Closing OCCURS BY: BUT OCCURS NO LATER THAN: TOTAL PURCHASE PRICE SHALL BE: 04/30/99 05/27/99 $1,172,000 05/28/99 07/01/99 $1,170,000 07/02/99 07/30/99 $1,168,000 ▇▇▇▇▇▇▇ ▇▇▇▇ If Closing OCCURS BY: BUT OCCURS NO LATER THAN: TOTAL PURCHASE PRICE SHALL BE: 04/30/99 05/27/99 $983,000 05/28/99 07/01/99 $982,000 07/02/99 07/30/99 $980,000 ▇▇▇▇▇▇▇▇▇▇▇ If Closing OCCURS BY: BUT OCCURS NO LATER THAN: TOTAL PURCHASE PRICE SHALL BE: 04/30/99 05/27/99 $867,000 05/28/99 07/01/99 $865,000 07/02/99 07/30/99 $863,000 Lessee /s/ JR Lessor /s/ RPJ Children's World Purchase Agreement 5/20/99 EXHIBIT "B" TO PURCHASE AND SALE AGREEMENT NET LEASE AGREEMENT THIS LEASE, made and entered into effective as of this day of , 1999, by and between AEI Fund Management, Inc. a Minnesota corporation, (or its assigns) whose address is 1300 Minnesota World Trade Center, ▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, Minnesota 55101 ("Lessor"), and Children's World Learning Centers, Inc., a Delaware corporation, whose address is ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ("Lessee");