1
EXHIBIT 10.11
Letter From Xxxxx Xxxxxx To The Registrant Offering
To Purchase Premises Dated February 6, 1987
February 6, 1987
The Board of Directors
Thermwood Corporation Post Office Box 436 Dale, Indiana 47523
Dear Sirs and Madam:
I hereby offer to purchase the land and building described in the
enclosed proposed lease agreement and land contract for a total purchase price
of One Million and Eight Hundred Thousand Dollars ($1,800,0000.00) in cash, on
the condition that the Thermwood Corporation agrees to lease such land and
building under the terms and conditions set forth in the enclosed lease
agreement.
On the condition that such purchase offer is accepted and consummated and such
lease agreement is entered into, I further offer to resell such land and
building to the Thermwood Corporation under the terms and conditions set forth
in the enclosed land contract.
If the aforementioned offers are accepted, please so advise in writing and
further advise of a proposed closing time and place for settlement. I suggest
that settlement be held at 1:00 p.m. on Friday, February 13, 1987 at your
offices in Dale, Indiana.
Very truly yours,
/s/ Xxxxx Xxxxxx
Xxxxx Xxxxxx
EM:cfg
Enclosures
