TERMS: 20% down payment on December 16, 2008. Balance to be paid on or
before January 16, 2009 upon delivery of merchantable abstract & deed.

POSSESSION: January 16, 2009, subject to lease with tenant. (Buyer to receive the 2009 cash rent)

REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Sellers shall pay any unpaid real estate taxes payable in prior years.

The following taxes are approximate and are to be used only as a guideline.

Gross: $2712.05
Ag Cr: $159.08
Net: $2553.00 (rounded)

Drainage Taxes: $342.00

SPECIAL PROVISIONS:
* This real estate is selling subject to existing highway, drainage easement and subject to Gas Storage Grant to Natural Gas Pipeline Company of America and all other easements of record.
* The tenant shall pay cash rent as follows: $9035.50 to be paid on 4/1/09 & $9035.50 to be paid on or before 12/1/09.
* It shall be the obligation of the buyer to serve termination to the tenant, Marvin Hardy prior to September 1, 2009 for the 2010 crop year if he/she so desires.
* The buyers shall be responsible for any desired fencing in accordance with Iowa state law.
* The sellers shall not be obligated to furnish a survey.
* A perpetual easement has been established for the purpose of ingress and egress through the homestead being retained by the sellers. Attached is survey of homestead being retained by sellers showing said easement.
* The buyers shall be responsible to report to the Louisa County FSA office and show filed deed in order to participate in any future government programs.
* If in the future a site clean up is required it shall be at the expense of the buyers.
*The buyers acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyers are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.