This excerpt taken from the RICK 8-K filed May 14, 2008.
Additional Earnest Money. Commencing on such date 60 days from the closing and funding of the Asset Purchase Agreement and continuing each consecutive month thereafter until the Closing (as hereinafter defined), Purchaser shall deliver as additional earnest money ("Additional Earnest Money") to the Title Company each month the amount of Two Hundred Thousand and No/100 Dollars ($200,000.00) in cash or immediately available funds until not later than the Closing. Any and all Additional Earnest Money delivered to the Title Company shall be immediately non-refundable. If this transaction closes, all Additional Earnest Money delivered hereunder shall be credited against the Purchase Price at Closing. In the event that Purchaser does not deliver any portion of the Additional Earnest Money to Seller as set forth herein and such failure to deliver continues for a period of five (5) business days thereafter, then this Agreement may be terminated by either party as its sole remedy for such failure, and no party shall thereafter have any further obligation to the other hereunder.
SURVEY, TITLE BINDER, LEASES AND SOIL TESTS