Purchase Offer and Deposit Receipt

On this date____________ I/We as Buyers,______________________________________________________________________

Agree to purchase Real Property at: Street______________________City, Town, Village__________________County___________

City Said property under the following terms:

Total Purchase Price: $_________________

Deposit received by Steed RE $_________________

Payment upon signing sellers’ contract $______________

Mortgage or cash balance at closing $_________________

Contracts to be drawn and presented within ten days. If the contracts are not endorsed by the purchaser within ten days, the property will be put back on the market and this offer will be invalid.

Deposit to be returned if buyers(s) fail to obtain a ____________mortgage commitment in the amount of $________________, at prevailing interest rates, for ________years, providing that within _________days from this date after having exercised his/her/their best efforts in obtaining such mortgage commitment by the buyer(s) so notify the seller(s) in writing.

Transfer of title to be completed on or about: _________________________________________________________

Deed subject to restrictions and easements now existing or of record.

This offer is not contingent upon the sale of any other real estate.

All buildings and improvements, shrubbery, plants and the following personal property (if any) are included in the sale: _______________________________________________________________________________________

_______________________________________________________________________________________

Other agreements and conditions of sale:_____________________________________________________________________________

Testing Contingencies: To be Completed by __________________________________________________________________________

Radon______ Well_____ Septic______ Lead_______ Pest_______ Full Engineer Insp.________ Other_____________________

The deposit, receipt of which is hereby acknowledged, shall be held in the Steed Real Estate Escrow Account at The Litchfield Bancorp, Lakeville, Connecticut, until said time as the Seller’s contracts are signed by both parties, then deposit will be sent to Seller’s attorney to be held as part of the down payment. This agreement will remain in force until it is superseded by signed copies of the Seller’s contract, which meets attorneys’ review and approval. Both parties agree that Steed Real Estate is the agent for the ____________and is the broker in this transaction. The _________agrees to pay _____%

in commission on or before the day of the closing.

We, as seller(s) accept this agreement, but in the event the terms and contingencies as described herein are not satisfied, all monies will be returned to the Buyer and this agreement shall become null and void.

02/06/03