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JUL-30-07 12:32 FROM-TRANSIT MIX CONCRETE CO 719 475-0226 T-164 P-004/004 F-498 <br /> 12/22/2005 15:38 7196325452 ANDERSON DUDE LEFE PAGE 04/07 <br /> Revcnue Code Section 1031 or other tax-advantaged treatment provided no addition liability or <br /> expense results therefrom. <br /> 4. CurrenIlease oT?ligation. CM currently leases a portion of the CM Propetty to Mark <br /> Clements, according to the terms and conditions of the lease attached hereto as Exhibit"C". <br /> CM shall,at closing,assign said lease to Jobzsons and warrant that CM is not in breach of such <br /> lease. <br /> 5, Closing. Provided the contingencies recited herein are accomplished,closing shall occur at <br /> a time aad place mutually agreeable to the parties within 3O days after approval in 2a,but not <br /> later than October 15,2007. <br /> 6. _Choice of'law. This contract shall be construed in accordance vvith.the laws of the state of <br /> Colorado, Ltd in the event of any disgute arising frot><x said contract,the parties agree that the <br /> exclusive forum and venue for any litigation shall be in state courts of El Paso County, <br /> Colorado, <br /> 7. 16inding on heirs and success rs. This co;atract shall be binding on the parties,their heirs, <br /> successors and assigns. It shall be recorded, and the obligations contained herein,skull run with <br /> the lands described herein. <br /> CONTINENTAL MATERJALS CORPORATION <br /> Its: <br /> Carl F. Johno <br /> .� <br /> Vir " is Johnson <br /> J7OHNS/5j� <br /> ON FAMIL <br /> ST <br /> r1 F.J son, Trustee <br /> Virgin"".Tucker Johnson,Trustee <br /> 3 <br />