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GLOBAL TRADE DAYS, INC. - P. O. BOX 541796 -
Houston, Texas 77254 EXAMPLE SIX- (6-) DAY OPTION CONTRACT
This Agreement made and entered into this ____ day of ___________, 19___, by and between __________________________________________________________________________,
hereinafter called "Party of the First Part (Seller)" (whether one or more), and __________________________________________________________________________,
hereinafter called "Party of the Second Part (Buyer)", (whether one or more). WITNESSETH: That the said Party of the First Part for consideration of the sum of One Dollar ($1.00) paid by the Party of the Second Part, the receipt of which is hereby acknowledged, does by these presents sell and convey unto the said Party of the second Party, his heirs and assigns, the sole and exclusive option and right of purchase of the following-described property, to-wit: ______________________________________________________________________ _______________________________________________________________________, for the sum of ____________________________________________________ Dollars ($_________________________). If Party of the Second Party elects to exercise this Option for purchase of the property described, he shall enter into a Closing Deposit Receipt Agreement (in the form of Exhibit A attached hereto) with Party of the First Part within Six (6) Days from the date hereof unless extended as described below. A Nine- (9-) day Extension to this Six-Day Aviation Option Contract may be made with an additional payment of the same amount originally paid for this Option Six days from the date of this Contract, giving and granting unto the said Party of the Second Part such exclusive option and right of purchase for the term of Fifteen (15) days from the date hereof.
Upon such purchase and payment so made, as aforesaid, the Party of the
First Part hereby covenants and agrees to convey the above-described
property to the said Party of the Second Part or to any person or person
that the Party of the Second Part may name. The money paid for this
Option, _________________________________________ Dollars
($____________________________) will be handled by GLOBAL TRADEDAYS, INC.
The first One Thousand Dollars ($1,000.00) of the Option Money received
herein (not to exceed 1% of the purchase price of the property) shall be
retained solely by GLOBAL TRADEDAYS, INC. for services
rendered in this transaction, and the remaining Option Money shall be
split fifty-fifty (50/50) between GLOBAL TRADEDAYS, INC.
and
Party of the First Part (Seller). If Party of the Second Part (Buyer) decides not to purchase the above-described property within the Option Period, said Party of the Second Party (Buyer) shall forfeit such Option Money and shall be released from all obligations to purchase the above-described property.
IN WITNESS WHEREOF, we the undersigned parties have hereunto executed this Six Day Aviation Option Contract this _______ day of ___________________, 19_____.
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Global Tradedays, Inc.
P.O. Box 541796
Houston, TX 77254
Fax: 713-622-3268
Email: hal945mc@yahoo.com
Copyright © 2010, Global Tradedays, Inc., Houston, Texas USA