Fill and Sign the Amendment 1 to Form Sb 2 Secgovhome

AGREEMENT FOR SALE OF ASSETS SHORT FORM SB2 Regarding , a business.Address City/County/State/ZipSeller Purchaser Address Address City/County/State/Zip City/County/State/ZipThe Seller desires to sell and the Purchaser desires to buy all of the assets of the business heretofore operated by the Seller, on the terms and conditions hereinafter set forth.THEREFORE, the parties agree as follows:1. Sale of Assets. The Seller shall sell to the Purchaser, who agrees to purchase free from all liabilities and encumbrances, all of the assets of the Business, including the lease to the premises from which the Business is presently conducted (the "Lease"), the trade name under which the Business is conducted, and the goodwill of the Business as a going concern, all as more specifically enumerated in the schedule thereof annexed hereto as Exhibit "A" (the "Assets"). 2. Price. The purchase price shall be $ to be allocated to the various Assets of the Business as follows: (a) Goodwill ....................................................................................................... $ (b) Furniture, fixtures, furnishings, shelves and other equipment....................... (c) Merchandise and stock in trade on premises or to be delivered..................... (d) Lease of business property ............................................................................. (e) Contracts entered into by Seller..................................................................... (f) Restrictive covenant ........................................................................................ Total ..................................................................................................................... 3. Payment of Price. The purchase price shall be paid as follows: $ on the signing of this contract, the receipt of which is hereby acknowledged; the balance of $ on the closing of this contract. 4. Closing. This contract shall close at the office of: , Attorney for SellerAddress at o'clock 8.m. City/County/State/ZipAt the time of the closing, the Seller shall deliver to the Purchaser a bill of sale, an assignment of the Lease, with the written approval of the landlord to the assignment there of, and any and all other instruments of sale, conveyance or assignment that may be required for the proper transferring by the Seller to the Purchaser of all of the assets of the Business. 5. Prorations. At the time of closing adjustments will be made for rent, premiums on insurance, payroll and taxes (and any other items to be adjusted) the net amount of which adjustments shall either increase or decrease the purchase price, as the case may require.This Agreement is Agreed and Executed by the Parties on this day of , 20 88. Seller_____________________________________ Purchaser__________________________________