EXHIBIT 10.273
INSTALLMENT SALE CONTRACT (SECURITY AGREEMENT)
PURCHASER(S): SELLER (DEALER):
READY MIX, INC. XXXXXXX EQUIPMENT COMPANY
0000 X XXXXXXXX XXXX 0000 XXXX XXXXX XXXX
XXXXX 000 P.O. BOX 271630
XXX XXXXX, XX 00000 XXX XXXXX, XX 00000-0000
COUNTY: XXXXX K298245
SUBJECT TO THE TERMS AND CONDITIONS SET FORTH BELOW AND ON THE REVERSE SIDE
HEREOF. SELLER HEREBY SELLS THE EQUIPMENT DESCRIBED BELOW (THE "UNIT" OR
"UNITS") TO PURCHASER, AND PURCHASER (IF MORE THAN ONE, JOINTLY AND SEVERALLY),
HAVING BEEN OFFERED BOTH A CASH SALE PRICE AND A UNIT SALE PRICE, HEREBY BUYS
THE UNITS FROM SELLER ON A UNIT SALE BASIS.
NEW (IF USED) DELIVERED
OR FIRST CASH SALE
USED USED MODEL DESCRIPTION OF UNIT(S) SERIALS PRICE
(I) 968O Caterpillar Wheel Loader BNH00503 $426,920,00
FIRST DESCRIPTION OF ADDITIONAL SECURITY
USED (MAKE MODEL & SERIAL NUMBER)
FIRST DESCRIPTION OF TRADE-IN EQUIPMENT
USED (MAKE, MODEL & SERIAL NUMBER)
CATERPILLAR 988F SYC00232
Trade-in Value 60,000.00
Less Owing to lien Holder 50,280.39
Net Trade-in Allowance: 9,719.61
Location of Units: 0000 X XXXXXXXX XXXX
XXX XXXXX. XX 00000. XXXXX
Sub-Total.......................... $ 426,920.00
Sales Tax.......................... $ 32,019.00
1. Total Cash Sale Price.............. $ 458,939.00
Cash Down Pay 0.00
Net Tradeen Allow 9,719.61
2. Total Down Payment.................. $ 9,719.61
3. Unpaid Balance of Cash Price(1-2)... $ 449,219.39
4. Official Fees (Specify)............. $ 350.00
Document Fee 350.00
Other Fees 0.00
5. Physical Damage Insurance........... $
6. Principal Balance
(Amount Financed)(3 + 4 + 5)........ $ 449,569.39
7. FINANCE CHARGE
(Time Price Differential)........... $ 49,513.49
8. Time Balance
(Total of Payments)(6 + 7).......... $ 499,082.88
9. Time Sale Balance
(Total of Payment Price) (2 + 3).... $ 508,802.49
10. ANNUAL PERCENTAGE RATE 5.22%
11. Data FINANCE CHARGE begins to accrue 5-20-04
PURCHASER HEREBY SELLS AND CONVEYS TO SELLER THE ABOVE DESCRIBED
TRADE-IN-EQUIPMENT AND WARRANTS IT TO BE FREE AND CLEAR OF ALL CLAIMS, LIENS,
SECURITY INTERESTS AND [ILLEGIBLE] EXCEPT TO THE EXTENT SHOWN ABOVE
1 . PAYMENT: Purchaser shall pay to seller, at XX Xxx 000000 Xxxxxxxx, XX
9|189-0647 or such other location Seller designates in writing, the Time Balance
(Item 8 above) as follows [check (a) or (b)]:
[X] (a) in [ILLEGIBLE] equal monthly installments of $10,397.56 each, with the
first installment due on 6.20.04 and the balance of the installments due on the
like day of each month thereafter, (except to payments shall be due during the
month(s) of n/a), until the entire indebtedness has been paid; or
[ ] (b) in accordance with the Payment Schedule attached to this Contract
(Provisions of Section [ILLEGIBLE] continued on reverse.)
SEE REVERSE SIDE FOR ADDITIONAL TERMS AND CONDITIONS WHICH ARE A PART OF THIS
CONTRACT.
LIABILITY INSURANCE COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE CAUSED TO
OTHERS IS NOT INCLUDED IN THIS CONTRACT.
NOTICE TO PURCHASER: (1) DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT
CONTAINS ANY BLANK SPACES; (2) YOU ARE ENTITLED TO AN EXACT COPY OF THE CONTRACT
YOU SIGN; (3) UNDER THE LAW YOU MAY HAVE THE RIGHT TO PAY OFF IN ADVANCE THE
FULL AMOUNT DUE AND TO OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE; (4) IF
THIS CONTRACT IS NOT EXECUTED BY PURCHASER ON OR BEFORE JULY 9, 2004 THE
CONTRACT MAY BE CONSIDERED NULL AND VOID BY SELLER.
PURCHASER ACKNOWLEDGES RECEIPT OF A FULLY COMPLETED COPY OF THIS CONTRACT
REQUIRED BY BOTH PURCHASER AND SELLER.
Purchaser(s) and Seller have duly executed this Contract as of 5.20.2004
Purchaser(s): Seller
READY MIX, INC. XXXXXXX EQUIPMENT COMPANY
By /s/ Xxxxxx X. Xxxxxx By /s/ X. X. Xxxxxx Pool III
--------------------------- ---------------------------
Name (PRINT) Xxxxxx X. Xxxxxx Name (PRINT) X. X. Xxxxxx Pool III
Title President Title V.P. Sales & Marketing
[ILLEGIBLE] [ILLEGIBLE]
