Schedule Of Material Terms Of
Commercial Contracts To Buy And Sell Real Estate
The following table summarizes certain material terms of the respective
Commercial Contracts to Buy And Sell Real Estate between Registrant and the
sellers set forth below. The form of contract is included as Exhibit 10.1(a) to
this Form 8-K reporting an event occurring on July 13, 1998.
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
Registrant's Shares
Date of Cash Portion of Portion of Purchase
Agreement Seller Property Purchase Price Price
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 Charles W. Austin (1) 6060 Interstate West 40 $ 1,023,400 51,200
Amarillo, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-21-97 Arlington Building (2) 2561 Matlock Road $ 770,000 * -0-
Partnership Arlington, TX *
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 Wendt Development (3) 800 Block of E. Wendt St. $ 708,000 6,300
Corporation Bellville, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 TEXBAUER Corporation (4) 190 San Elizario Road $ 646,500 32,500
Clint, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 WLK Properties, Inc. (5) 1460 Walnut Street $ 310,300 3,300
Columbus, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 BPP-Lubbock, Inc. (6) 1739 Highway 159 South $ 198,500 10,300
Hempstead, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 INNSON Corporation (7) 4105 Victory Drive $ 599,700 8,100
Marshall, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 Charles W. Austin (8) 102 Bryan $ 495,600 24,000
Mission, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 Charles W. Austin (9) 4th & Sherman $ 1,135,800 56,800
Paris, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 INNSON Corporation (10) 311 North 5th Street $ 145,000 7,400
Temple, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
11-14-97 Opal Partners (11) 3603 Andrews Highway $ 80,000 7,300
Odessa, TX
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
Total Consideration Paid For All $ 6,112,800 207,200
Properties
- --------------- -------------------------------- -------------------------------------- ------------------ ----------------------
* In connection with the acquisition of this property, Registrant agrees to
assume indebtedness of approximately $192,000.
* * * * *