EX-10.273 11 p69508exv10w273.txt EXHIBIT 10.273 EXHIBIT 10.273 INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT) PURCHASER(S): SELLER (DEALER): READY MIX, INC. CASHMAN EQUIPMENT COMPANY 3430 E FLAMINGO ROAD 3101 EAST CRAIG ROAD SUITE 100 P.O. BOX 271630 LAS VEGAS, NV 89121 LAS VEGAS, NV 89127-1630 COUNTY: CLARK K298245 SUBJECT TO THE TERMS AND CONDITIONS SET FORTH BELOW AND ON THE REVERSE SIDE HEREOF. SELLER HEREBY SELLS THE EQUIPMENT DESCRIBED BELOW (THE "UNIT" OR "UNITS") TO PURCHASER, AND PURCHASER (IF MORE THAN ONE, JOINTLY AND SEVERALLY), HAVING BEEN OFFERED BOTH A CASH SALE PRICE AND A UNIT SALE PRICE, HEREBY BUYS THE UNITS FROM SELLER ON A UNIT SALE BASIS.
NEW (IF USED) DELIVERED OR FIRST CASH SALE USED USED MODEL DESCRIPTION OF UNIT(S) SERIALS PRICE (I) 968O Caterpillar Wheel Loader BNH00503 $426,920,00
FIRST DESCRIPTION OF ADDITIONAL SECURITY USED (MAKE MODEL & SERIAL NUMBER) FIRST DESCRIPTION OF TRADE-IN EQUIPMENT USED (MAKE, MODEL & SERIAL NUMBER) CATERPILLAR 988F SYC00232 Trade-in Value 60,000.00 Less Owing to lien Holder 50,280.39 Net Trade-in Allowance: 9,719.61 Location of Units: 3430 E FLAMINGO ROAD LAS VEGAS. NV 89121. CLARK
Sub-Total.......................... $ 426,920.00 Sales Tax.......................... $ 32,019.00 1. Total Cash Sale Price.............. $ 458,939.00 Cash Down Pay 0.00 Net Tradeen Allow 9,719.61 2. Total Down Payment.................. $ 9,719.61 3. Unpaid Balance of Cash Price(1-2)... $ 449,219.39 4. Official Fees (Specify)............. $ 350.00 Document Fee 350.00 Other Fees 0.00 5. Physical Damage Insurance........... $ 6. Principal Balance (Amount Financed)(3 + 4 + 5)........ $ 449,569.39 7. FINANCE CHARGE (Time Price Differential)........... $ 49,513.49 8. Time Balance (Total of Payments)(6 + 7).......... $ 499,082.88 9. Time Sale Balance (Total of Payment Price) (2 + 3).... $ 508,802.49 10. ANNUAL PERCENTAGE RATE 5.22% 11. Data FINANCE CHARGE begins to accrue 5-20-04
PURCHASER HEREBY SELLS AND CONVEYS TO SELLER THE ABOVE DESCRIBED TRADE-IN-EQUIPMENT AND WARRANTS IT TO BE FREE AND CLEAR OF ALL CLAIMS, LIENS, SECURITY INTERESTS AND [ILLEGIBLE] EXCEPT TO THE EXTENT SHOWN ABOVE 1 . PAYMENT: Purchaser shall pay to seller, at PO Box 100647 Pasadena, CA 9|189-0647 or such other location Seller designates in writing, the Time Balance (Item 8 above) as follows [check (a) or (b)]: [X] (a) in [ILLEGIBLE] equal monthly installments of $10,397.56 each, with the first installment due on 6.20.04 and the balance of the installments due on the like day of each month thereafter, (except to payments shall be due during the month(s) of n/a), until the entire indebtedness has been paid; or [ ] (b) in accordance with the Payment Schedule attached to this Contract (Provisions of Section [ILLEGIBLE] continued on reverse.) SEE REVERSE SIDE FOR ADDITIONAL TERMS AND CONDITIONS WHICH ARE A PART OF THIS CONTRACT. LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE CAUSED TO OTHERS IS NOT INCLUDED IN THIS CONTRACT. NOTICE TO PURCHASER: (1) DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS ANY BLANK SPACES; (2) YOU ARE ENTITLED TO AN EXACT COPY OF THE CONTRACT YOU SIGN; (3) UNDER THE LAW YOU MAY HAVE THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE AND TO OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE; (4) IF THIS CONTRACT IS NOT EXECUTED BY PURCHASER ON OR BEFORE JULY 9, 2004 THE CONTRACT MAY BE CONSIDERED NULL AND VOID BY SELLER. PURCHASER ACKNOWLEDGES RECEIPT OF A FULLY COMPLETED COPY OF THIS CONTRACT REQUIRED BY BOTH PURCHASER AND SELLER. Purchaser(s) and Seller have duly executed this Contract as of 5.20.2004 Purchaser(s): Seller READY MIX, INC. CASHMAN EQUIPMENT COMPANY By /s/ Robert R. Morris By /s/ R. L. Vender Pool III --------------------------- --------------------------- Name (PRINT) Robert R. Morris Name (PRINT) R. L. Vender Pool III Title President Title V.P. Sales & Marketing [ILLEGIBLE] [ILLEGIBLE]
