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053 <br />Exhibit B <br />AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY (COMMERCIAL) <br />THIS AGREEMENT, including any and all addenda anached hereto t" Agreement" ), is by and between SEAL IT SERVICES INC <br />A DELAWARE CORPORATION ("Buyer"): and <br />DURAN JOHNSON. an individual ("Seller"). <br />FOR AND IN CONSIDERATION OF TRE MUTUAL PROMISES SLI' FORTH HEREIN AND OTHER GOOD AND <br />VALUABLF. CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, THE <br />PARTIES IIERETO AGREE AS FOLLOWS: <br />Section 1. Terms and Definitions: The terms listed below shall have the respective meaning given them as set forth adjacent to each <br />term. <br />(a) "Property": (Address)_3301 Industrial Drive. Sanford NC) <br />❑ All ❑ A portion of the property in Deed Reference: Boot: _01394, Page No._0510-05 t I. _LEE— County: consisting <br />of approximately 5.29`.._ _ acres. <br />Plat Reference: Lots) _965174696500 Block or Section - as shown on Plat Book or Slide <br />at Page(h) — __— _ _— - - County. consisting of _ acres. <br />❑ If this box is checked, "Property" shall mean that property described on Exhibit A attached hereto and incorporated <br />herewith by reference. <br />(For information purposes, the tax parcel number of the Property is: ) <br />together with all buildings and improvements thereon and all fixtures and appurtenances thereto and all personal property, if any. <br />itemized on Exhibit A. <br />$700.000 (b) "Purchase Price" shall mean the sum of___ - <br />Dollars. <br />payable on the following ternIN. <br />$ (i) "Earnest Money" shall mean _ ___ Dollars <br />or terms as Ibllows: <br />Upon this Agreement becoming a contract in accordance with Section 14, the Earnest Money shall be <br />promptly deposited in escrow with <br />of <br />person/entity with whom deposited), to be applied as part payment of the Purchase Price of the Property at <br />Closing, or disbursed as agreed upon under the pmvisions of Section 10 herein. <br />O ANY EARNEST MONEY DEPOSITED BY BUYER IN A TRUST ACCOUNT MAYBE <br />PLACED 1N AN INTEREST BEARING TRUST ACCOUNT, AND: (check only ONE boa) <br />0 ANY INTEREST' EARNED THEREON SHALT. BE APPLIED AS PART PAYMENT OF <br />THE PURCHASE PRICE OF THE PROPERTY AT CLOSING, OR DISBURSED AS AGREED <br />UPON UNDER THE PROVISIONS OF SECTION 10 HEREIN. (Buyer's Taxpayer Idenlification <br />Number is: A <br />❑ ANY INTEREST EARNED 'THEREON SHALL BELONG TO THE ACCOUNT HOLDER <br />IN CONSIDERATION OF THE EXPENSES INCURRED BY NIAINTAINING SUCH ACCOUNT <br />AND RECORDS ASSOCIATED THERER'ITH. <br />Buyer Initials Seller Initials _ <br />Page 1 of 7 <br />N( Bar Associatirm Funs No. 13 +' 200h This StaixlaiJ Form has been approved jointly by lite: <br />Nonh ('arohna Bar Aara:iution -- NC Bar Fonn No. 13 <br />~oath Candina AsmWiation of REALTORS', Inc. - Standard Fonn No. 5110-T <br />