RICK » Topics » Purchaser's Default and Seller's Remedies

This excerpt taken from the RICK 8-K filed May 14, 2008.
Purchaser's Default and Seller's Remedies.  In the event Purchaser fails to fulfill any of its obligations hereunder, including all rental payments and obligations under the Lease, except as a result of Seller's default hereunder or the termination of this Agreement pursuant to any provision hereof, Seller shall have the sole right to terminate this Agreement and retain ALL the Earnest Money, Additional Earnest Money and monthly payments made by Purchaser, as liquidated damages for the breach of this Agreement.

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