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i <br /> . , <br /> 1 <br /> ! <br /> I <br /> I2. VANGUARD ENERGY COMPANY agrees to pay as a purchase <br /> price :or said land that price as dete ran <br /> rmined by Oge Comnty <br /> 1 Commissioners, or their designates and agents, at whatever time I <br /> Orange County finally determines the sale price for said property. <br /> It is mnderstood that the minimum sale price wial be ONE THOUSAND 1 <br /> ) <br /> TWENTY-SEVEN AND 75/100 DOLLARS ($1,027.75) , but no representation' <br /> i <br /> is made as to the final sale price. <br /> t <br /> 3. Accordingly, the said VANGUARD ENERGY COMPANY hereby I <br /> pays and delivers to the law firm of COLEMAN, BERNHOLZ, DICEERSON,1 <br /> HERNHOLZ, GLEDHILL $ HARGRAVE, as escrow agents and County <br /> 1 <br /> Attorney for Orange County, the sum of ONE THOUSAND TWENTY-SEVEN <br /> AND 7$/100 DOLLARS ($1.,027.75) , same to be held by said escrow i <br /> agent pending a final. determination by Orange County of the sale <br /> price for said property to VANGUARD ENERGY comintay. <br /> i <br /> I . <br /> 4, In the event that said Orange County agree S to sell <br /> said property to VANGUARD ENERGY COMPANY then Orange County, by I <br /> and through said escrow agent hereinabove named, will notify <br /> VANGUARD ENERGY COMPANY in writing of the agreed upon purchase <br /> price, and within 30 days of the date of said written notice the i <br /> said VANGUARD ENERGY COMPANY shall pay to said escrow agent any i <br /> balance due on said purchase price, Within ten (IC) days of the I <br /> receipt of payment of the balance due, if any, on said purchase ! <br /> [ <br /> price, Orange County will deliver to the said VANGUARD ENERGY <br /> i <br /> COMPANY a deed conveying the above described premises, <br /> 5. It is understood by the said VANGUARD ENERGY COMPANY <br /> that this offer is not at this time accepted by Orange County and : <br /> may at review and consideration be rejected by Orange County, i <br /> It is further understood that the said ONE THOUSAND TWENTY-SEVEN <br /> AND 7Z/100 DOLLARS 7l deposited contemporaneously hare- ; <br /> ccuat.ww011,42, with with said escrow agent is a minimum oossible purchase price I <br /> for said property. It is further understood and agreed that in th I <br /> Dc 5s event that the said VANGUARD ENERGY COMPANY does not deliver to <br /> oLearsii <br /> 4.HAxamva <br /> Seld escrow agent within the time described hersinabove, the ! <br /> 7.8.4PC.hitt,NI,:4 I <br /> 1 HILLIaract:cts.8 c <br /> -2- 1 <br /> i <br /> 1 <br /> 1 <br />