Exhibit 10.2 - Purchase/Sales Agreement
Purchase/ Sales Agreement
North Park Holdings Inc as Sellers, and Heartland Inc. as buyer, hereby agree
that the Seller shall sell and the Buyer shall buy the following described
properties UPON THE TERMS AND CONDITIONS HEREINAFTER SET FORTH.
The Purchase Price of: $485,000.00
Paid in Restricted stock $485,000.00
Number of shares 121,250.00
Legal description of real estate
Lot Four (4), Block Four (4), Xxxxx Xxxxx Second Addition, Walle Township, Grand
Forks County, ND. Lot size is 2.75 acres (120,000 SF) with frontage on 00xx
Xxxxxx SE. Lot shape is rectangular.
Estimated market value: $60,000.
Xxx Xxxx (0), Xxxxx Xxx (0), Xxxxxxxx Xxxxxxx Addition to City of Grand Forks,
North Dakota. Lot size is 2.7 acres (116,563 SF) with frontage on Belmont Road.
Lot shape is rectangular.
Estimated market value: $60,000.
000 Xxxxxx, Xxxx Xxxxx Xxxxx XX
Estimated market value: $365,000.00
Financing:
Total purchase price shall be paid with 121,250 shares of Heartland Inc. Buyer
to Pay all closing cost of both buyer and seller.
o The escrow period shall be 1 week.
/s/ Xxxxxxx Xxxxxxxx 6/17/04
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Heartland Inc. Date
Buyer
/s/ Xxxxxx Xxxxx 6/15/04
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North Park Holdings, Inc Date
Seller
