Attached files
Exhibit 10.11
ASI Land Holdings, Inc.
4215 Fashion Square Blvd., Suite 3
Saginaw, MI 48603-1273
4215 Fashion Square Blvd., Suite 3
Saginaw, MI 48603-1273
June 16, 2010
Jerry Polis
Davric Corporation
980 American Pacific Dr., Suite 111
Henderson, NV 89014
Davric Corporation
980 American Pacific Dr., Suite 111
Henderson, NV 89014
Dear Jerry:
Prior to the closing of the Plan of Agreement and Recapitalization of ASI Technology Corporation
(ASIT), it was agreed that ASIT would sell its water rights to Davric Corporation for a total of
Three Hundred Thousand Dollars ($300,000).
We are requesting that a payment arrangement be made wherein Davric Corporation will pay ASIT
$100,000 per month for three months under an installment sale arrangement. The payment due dates
will be as follows:
Due immediately |
$ | 100,000 | ||
July 15, 2010 |
$ | 100,000 | ||
August 15, 2010 |
$ | 100,000 |
A bill of sale will be completed upon final payment.
If this installment sale arrangement is acceptable to you, please sign below and return a signed
copy to our office.
Best Regards,
|
Acknowledgement: | |||||
ASI Technology Corporation
|
Davric Corporation | |||||
/s/ Joel C. Robertson
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/s/ Jerry E. Polis
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