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<br />( ( <br /> <br /> <br /> <br />. Page Four <br />September 6, 1994 <br /> <br /> <br />8. Brokeraqe: The parties acknowledqe that Nielsen and <br />Associates Realty, Inc., is representing the Buyer in <br />this transaction. Buyer shall be responsible for any <br />brokerage fees or commissions owing to Nielsen and <br />Associates Realty, Inc., in connection with this <br />transaction. Seller is not represented by a broker in <br />this transaction. Seller shall be responsible for any <br />brokerage fees or commissions owing to any brokers <br />other than Nielsen and Associates Realty, Inc., in <br />connection with this transaction. <br /> <br />9. Expression of Interest: This letter of intent is <br />intended only to express the interest of the parties to <br />purchase and sell the Property, but is not to be <br />construed as an offer to purchase or sell, it being <br />understood that the only instrument that would legally <br />bind the parties would be a mutually executed Purchase <br />Agreement. <br /> <br />10. Response: This letter of intent shall expire, unless <br />accepted by Buyer, at 5:00 P.M. CST, Friday, September <br />16, 1994. <br /> <br />. <br />sincerely, <br />EVEREST DEVELOPMENT, LTD. <br /> <br />~2;~ <br />Vice President <br />TJN:lc <br />Enclosure <br /> <br /> <br />THE FOREGOING LETTER OF INTENT IS AGREED AND ACCEPTED ON <br />September ___, 1994. <br /> <br /> <br /> <br />Martin Harstad <br /> <br /> <br />. <br />