Fill and Sign the Sell Purchase Form

Agreement to Sell and Purchase Customer Accounts Agreement made on the ______________________________ (date), between ______________________________________ (Name of Seller) of _________________ ________________________________________________________________________ ____________________________ (street address, city, county, state, zip code) , referred to herein as ___________________________________ (Seller) , and _______________________________________ (Name of Buyer) of _______________ ________________________________________________________________________ ___________________________ (street address, city, county, state, zip code) , referred to herein as _________________________________ (Buyer) . Now, therefore, for and in consideration of the mutual covenants contained in this agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Seller agrees to sell, and Buyer agrees to buy, on or before __________________ _____________ (date), the customer accounts described below: (Describe Customer Accounts) ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ 2. Seller agrees that Seller will not engage in the business of (describe) __________ _______________________________________________________________________, either in Seller's own name or under the name of another, as principal or as an employee, in the following area: ( description of area) ____________________________________ _______________________________________________________________________ , for a period of ________ (number of years) years from and after the date said accounts are transferred to Buyer. 3. Seller agrees that Seller will recommend to the customers described above that they continue to allow said accounts to be serviced by Buyer as Seller’s successor along with the following information: (describe any other information to be given customers ) ________________________________________________________________________ ________________________________________________________________________ _______________________________________________________________________. 4. With the exception of the account described in Paragraph 5 below, Buyer agrees to pay as consideration for the said customer accounts the following: A. Cash in the amount of $___________________________. B. A promissory note in the amount of $____________ to bear interest at the rate of _____% per annum and in the form attached hereto as Exhibit A. 5. With regard to (describe customer account) _____________________________ ___________________________________________, the sum of $_____________ shall be paid as follows: A. When the customer makes the monthly payment of $_____________ to Buyer, Buyer shall pay said sum over to Seller for a period of ______ months. B. If the customer cancels the account, no further payments shall be due from Buyer to Seller. C. If said monthly payments from said customer are reduced, Buyer will only be obligated to pay the reduced amount to Seller for the remainder of said ______ months. 6. All of Seller’s right, title to and interest in said customer accounts shall be transferred pursuant to a Bill of Sale in the form attached hereto as Exhibit B. 7. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of ____________________________. 8. Any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. 9. This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. 10. Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party. WITNESS our signatures as of the day and date first above stated. _______________________________ _______________________________ _______________________________ _______________________________ (P rinted name & Signature of Buyer) (P rinted name & Signature of Seller)