Current assets

EX-10.11 17 c04838exv10w11.htm EXHIBIT 10.11 Exhibit 10.11
Exhibit 10.11
ASI Land Holdings, Inc.
4215 Fashion Square Blvd., Suite 3
Saginaw, MI ###-###-####
June 16, 2010
Jerry Polis
Davric Corporation
980 American Pacific Dr., Suite 111
Henderson, NV 89014
Dear Jerry:
Prior to the closing of the Plan of Agreement and Recapitalization of ASI Technology Corporation (ASIT), it was agreed that ASIT would sell its water rights to Davric Corporation for a total of Three Hundred Thousand Dollars ($300,000).
We are requesting that a payment arrangement be made wherein Davric Corporation will pay ASIT $100,000 per month for three months under an installment sale arrangement. The payment due dates will be as follows:
         
Due immediately
   $ 100,000  
July 15, 2010
   $ 100,000  
August 15, 2010
   $ 100,000  
A bill of sale will be completed upon final payment.
If this installment sale arrangement is acceptable to you, please sign below and return a signed copy to our office.
             
Best Regards,
      Acknowledgement:    
 
            
ASI Technology Corporation
      Davric Corporation    
 
            
/s/ Joel C. Robertson
 
Joel C. Robertson, President
      /s/ Jerry E. Polis
 
Jerry E. Polis, President