Exhibit 10.1 - Purchase/Sales Agreement
Purchase/ Sales Agreement
Xxxx Xxxxxxx 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: $ 650,000.00
Existing First Loan $ 155,000.00
Balance $ 495,000.00
Paid in Restricted stock $ 495,000.00
Number of shares 123,750.00
Commonly know as:
000 Xxxxxxxxxx Xxxx, Xxxxxx, XX
Financing:
Total purchase price shall be paid with 123,750 restricted shares of Heartland
Inc. Buyer to pay all closing cost of both buyer and seller. Buyer will assume
obligations of existing loan.
o The escrow period shall be 1 week.
/s/ Xxxxxxx Xxxxxxxx 6/17/04
------------------------ ---------
Heartland Inc. Date
Buyer
/s/ Xxxx Xxxxxxx 6/15/04
------------------------ ----------
Xxxx Xxxxxxx Date
Seller
