Document:

Exhibit 10.2

   THIS CONTRACT IS SUBJECT TO ARBITRATION PURSUANT TO THE
                   FEDERAL ARBITRATION ACT

                 EMPLOYMENT, NONCOMPETITION
                   AND SEVERANCE AGREEMENT

     This Employment, Noncompetition and Severance Agreement
(this   "Agreement")  is  made  and  entered  into   as   of
____________,  200___  by  and  between  (Insert  Name),  an
individual  (the "Executive"), and Ryan's Restaurant  Group,
Inc.,   a   South  Carolina  corporation  headquartered   in
Greenville County, South Carolina (the "Company").  As  used
herein, the term "Company" shall include the Company and any
and all of its subsidiaries where the context so applies.

                     W I T N E S S E T H

      WHEREAS the Company's Board of Directors believes that
the Executive is instrumental in the success of the Company;

      WHEREAS the Company desires to continue to employ  the
Executive  as (Insert Position) of the Company and  in  such
other  capacities as the Executive is currently employed  as
of the date hereof;

     WHEREAS the Company has adopted an Executive Bonus Plan
(the  "Executive Bonus Plan") which provides  for  incentive
compensation  payments to be made to the executive  officers
of the Company (including the Executive);

     WHEREAS the Executive is willing to continue employment
with  the  Company under the terms and conditions set  forth
herein;

      NOW,  THEREFORE, in consideration of the premises  and
the  mutual  covenants and agreements contained  herein  and
other  good and valuable consideration, the receipt of which
is hereby acknowledged, the parties hereto agree as follows:

     1.    Employment.  Subject to the terms and  conditions
hereof,  the  Company  hereby  employs  the  Executive   and
Executive   hereby   accepts   such   employment   as    the
_______________________ of the Company  having  such  duties
and responsibilities as are set forth in Section 3 below.

     2.   Definitions.  For purposes of this Agreement, the
following terms shall have the meanings specified below.
     "Change in Control" shall mean

 (i)  The acquisition, directly or indirectly, by any Person
 within any twelve month period of securities of the Company
 representing an aggregate of 20% or more of the combined
 voting power of the Company's then outstanding securities;
 or

(ii) during any period of two consecutive years, individuals
who at the beginning of such period constitute the Board;
cease for any reason to constitute at least a majority
thereof, unless the election of each new director was
approved in advance by a vote of at least a majority of the
directors then still in office who were directors at the
beginning of the period; or

(iii)     consummation of (A) a merger, consolidation or
other business combination of the Company with any other
Person or affiliate thereof, other than a merger,
consolidation or business combination which would result in
the outstanding common stock of the Company immediately
prior thereto continuing to represent (either by remaining
outstanding or by being converted into common stock of the
surviving entity or a parent or affiliate thereof) at least
51% of the outstanding common stock (on a fully diluted
basis) of the Company or such surviving entity or parent or
affiliate thereof outstanding immediately after such merger,
consolidation or business combination, or (B) a plan of
complete liquidation of the Company or an agreement for the
sale or disposition by the Company of all or substantially
all of the Company's assets; or
(iv) the occurrence of any other event or circumstance which
is not covered by (i) through (iii) above which the Board
determines affects control of the Company and, in order to
implement the purposes of this Agreement as set forth above,
adopts a resolution that such event or circumstance
constitutes a Change in Control for the purposes of this
Agreement.

     "Compensation"  as  used in this Agreement  shall  mean
only  base  salary  and  annual  performance  bonus.   Stock
options   and   other   remuneration  are   not   considered
"compensation" as the term is used in this Agreement.

     "Cause"  shall  mean  material  criminal  fraud,  gross
negligence,  material  dereliction  of  duties,  intentional
material  damage to the property or business of the Company,
the commission of a material felony, or repeated failure  to
carry  out  the  reasonable  directions  of  the  Board   of
Directors or the Chief Executive Officer.

     "Confidential Information" shall mean all business  and
other  information relating to the business of the  Company,
including  without limitation, trade secrets as  defined  in
the   South   Carolina  Trade  Secrets  Act,  technical   or
nontechnical data, programs, methods, techniques, processes,
financial data, financial plans, product plans, and lists of
actual  or  potential customers, which (i) derives  economic
value,  actual or potential, from not being generally  known
to,  and not being readily ascertainable by proper means by,
other  Persons, and (ii) is the subject of efforts that  are
reasonable  under the circumstances to maintain its  secrecy
or  confidentiality.  Such information and  compilations  of
information  shall  be contractually subject  to  protection
under   this  Agreement  whether  or  not  such  information
constitutes a trade secret and is separately protectable  at
law   or   in   equity  as  a  trade  secret.   Confidential
Information   does   not   include   confidential   business
information  which does not constitute a trade secret  under
applicable law two years after any expiration or termination
of this Agreement.

     "Disability"  or "Disabled" shall mean the  Executive's
inability, with or without reasonable accommodations,  as  a
result  of  physical or mental incapacity  to  substantially
perform his duties for the Company on a full-time basis  for
a period of six (6) months.

     "Involuntary Termination" shall mean the termination of
Executive's employment by the Executive following  a  Change
in   Control  which,  in  the  reasonable  judgment  of  the
Executive,  is  due  to  (i)  a change  of  the  Executive's
responsibilities,  position  (including  status  as  (Insert
Position), its successor or ultimate parent entity,  office,
title,   reporting  relationships  or  working   conditions)
authority  or duties (including changes resulting  from  the
assignment to the Executive of any duties inconsistent  with
his  positions,  duties  or responsibilities  as  in  effect
immediately  prior  to the Change in  Control);  or  (ii)  a
change  in  the terms or status (including the  rolling  two
year  termination  date)  of  this  Agreement;  or  (iii)  a
reduction  in  the Executive's compensation or benefits;  or
(iv)  a  forced  relocation  of the  Executive  outside  the
Greenville metropolitan area; or (v) a significant  increase
in the Executive's travel requirements.

     "Person" shall mean any individual, corporation,  bank,
partnership,   joint   venture,   association,   joint-stock
company, trust, unincorporated organization or other entity.

     "Voluntary  Termination" shall mean the termination  by
Executive  of Executive's employment following a  Change  in
Control  which  is  not the result of  any  of  clauses  (i)
through  (v)  set  forth  in the definition  of  Involuntary
Termination above.

   3.   Duties.  During the term hereof, the Executive shall
have such duties and authority as are typical of the (Insert
Position)  of  a  restaurant  chain  such  as  the  Company,
including,  without  limitation,  those  specified  in   the
Company's  Bylaws.  Executive agrees that  during  the  Term
hereof, he will devote his full time, attention and energies
to  the diligent performance of his duties.  Executive shall
not,  without the prior written consent of the  Company,  at
any  time during the Term hereof (i) accept employment with,
or render services of a business, professional or commercial
nature to, any Person other than the Company, (ii) engage in
any  venture or activity which the Company may in good faith
consider  to be competitive with or adverse to the  business
of  the  Company or of any affiliate of the Company, whether
alone, as a partner, or as an officer, director, employee or
shareholder or otherwise, except that the ownership  of  not
more  than 10% of the stock or other equity interest of  any
publicly  traded corporation or other entity  shall  not  be
deemed  a violation of this Section, or (iii) engage in  any
venture  or  activity which the Board of  Directors  of  the
Company  may  in  good  faith  consider  to  interfere  with
Executive's performance of his duties hereunder.

4.   Term.  Unless earlier terminated as provided herein,
the Executive's employment hereunder shall be for a rolling
term of two years (the "Term") commencing on the date
hereof, with compensation to be effective as of the date
first above written.  This Agreement shall be deemed to
extend each day for an additional day automatically and
without any action on behalf of either party hereto.  Either
party may, by notice to the other, cause this Agreement to
cease to extend automatically and, upon such notice, the
"Term" of this Agreement shall be the two years following
the date of such notice, and this Agreement shall terminate
upon the expiration of such Term.  If no such notice is
given and this Agreement is terminated pursuant to Section 5
hereof, for the purposes of calculating any amounts payable
to the Executive as a result of such termination, the
remaining Term of this Agreement shall be deemed to be two
years from the date of such termination.

5.   Termination.  This Agreement may be terminated as
follows:
          5.1   The  Company.  The Company  shall  have  the
right  to terminate Executive's employment hereunder at  any
time  during  the  Term hereof (i) for Cause,  (ii)  if  the
Executive  becomes  Disabled,  (iii)  upon  the  Executive's
death, or (iv) without Cause.

                5.1.1  If the Company terminates Executive's
employment  under this Agreement pursuant  to  clauses  (i),
(ii)  or  (iii)  of  Section 5.1, the Company's  obligations
hereunder shall cease as of the date of termination  subject
to   Section   6.4;  provided,  however,  if  Executive   is
terminated  for Cause after a Change in Control,  then  such
termination  shall be treated as a Voluntary Termination  as
contemplated  in Section 5.2.3 below.  If Executive  becomes
Disabled, and is being compensated pursuant to the Company's
existing  disability insurance, Executive shall  receive  no
additional  compensation  for disability  from  the  Company
under this Agreement.

                5.1.2   If  the Company terminates Executive
pursuant  to clause (iv) of Section 5.1, Executive shall  be
entitled  to  receive  immediately as  severance  upon  such
termination, aggregate compensation and benefits provided in
Section 6 equal to one times Executive's annual compensation
being   paid  at  the  time  of  termination  or  two  times
Executive's  annual compensation being paid a  the  time  of
termination following a Change of Control.  For purposes  of
determining  compensation, the average  of  the  last  three
annual  performance bonuses paid prior to termination  shall
be added to the base salary that the Executive was receiving
at the time of the termination.

               5.1.3   In  the  event  of  such  termination
pursuant to clauses (ii) and (iv) of Section 5.1, all rights
of  Executive pursuant to awards of share grants or  options
granted  by  the Company shall be deemed to have vested  and
shall  be  released  from all conditions  and  restrictions,
(including the requirement to exercise such options no later
than  three months of the termination of employment), except
for  restrictions on transfer pursuant to the Securities Act
of 1933, as amended.

          5.2  By Executive.  Executive shall have the right
to  terminate  his employment hereunder if (i)  the  Company
materially  breaches this Agreement and such breach  is  not
cured within 30 days after written notice of such breach  is
given by Executive to the Company; (ii) there is a Voluntary
Termination; or (iii) there is an Involuntary Termination.

               5.2.1  If Executive terminates his employment
other than pursuant to clauses (i), (ii) or (iii) of Section
5.2,  the  Company's obligation under this  Agreement  shall
cease (except as provided in Section 6.4) as of the date  of
such  termination  and Executive shall  be  subject  to  the
noncompetition provisions set forth in Section 8 and Exhibit
A.

               5.2.2  If Executive terminates his employment
hereunder pursuant to either clause (i) or clause  (iii)  of
Section   5.2,  Executive  shall  be  entitled  to   receive
immediately as severance aggregate compensation and benefits
provided  in Section 6 equal to two times Executive's  total
compensation  (which includes only the base salary  and  the
annual  performance  bonus)  being  paid  at  the  time   of
termination.     For    purposes   of   determining    total
compensation,  the  current  base  salary  at  the  time  of
termination shall be added to the average of the last  three
annual performance bonuses paid prior to termination.

               5.2.3  If Executive terminates his employment
pursuant  to clause (ii) of Section 5.2, Executive shall  be
entitled  to  receive  immediately  as  severance  aggregate
compensation and benefits provided in Section 6 equal to one
times Executive's total compensation being paid at the  time
of Voluntary Termination.  For purposes of determining total
compensation,  the  current  base  salary  at  the  time  of
termination shall be added to the average of the last  three
annual performance bonuses paid prior to termination.

                5.2.4   In  addition, in the event  of  such
termination pursuant to any of clauses (i) through (iii)  of
this Section 5.2, all rights of Executive pursuant to awards
of  share grants or options granted by the Company shall  be
deemed  to  have  vested  and shall  be  released  from  all
conditions  and restrictions, (including the requirement  to
exercise  such  option no later than  three  months  of  the
termination  of  employment),  except  for  restrictions  on
transfer pursuant to the Securities Act of 1933, as amended.
If  Executive  becomes  Disabled, and is  being  compensated
pursuant  to  the  Company's existing disability  insurance,
Executive  shall  receive  no  additional  compensation  for
disability from the Company under this Agreement.

6.   Compensation.  In consideration of Executive's services
and  covenants hereunder, Company shall pay to Executive the
compensation    and   benefits   described   below    (which
compensation  shall be paid in accordance  with  the  normal
compensation practices of the Company and shall  be  subject
to  such deductions and withholdings as are required by  law
or  policies  of the Company in effect from  time  to  time,
provided  that his salary pursuant to Section 6.1  shall  be
payable not less frequently than monthly):

          6.1   Annual Salary.  During the Term hereof,  the
Company  shall  initially pay to Executive a salary  at  the
rate  of $__________ per annum.  Executive's salary will  be
reviewed by the Board of Directors or such committee as  may
be  designated by the Board of Directors of the  Company  at
the  beginning of each of its fiscal years and, in the  sole
discretion  of the Board of Directors, may be increased  for
such year;

          6.2   Annual  Incentive Bonus.   During  the  Term
hereof,  the  Board  of Directors may pay  to  Executive  an
annual incentive cash bonus in accordance with the terms  of
the Company's Executive Bonus Plan.

          6.3   Stock Options and Restricted Stock.   During
the  Term hereof, the Board of Directors, in its discretion,
may  grant  Executive  options to  purchase  Company  Common
Stock.

          6.4    Medical  Benefits  Upon  Retirement.   Upon
Executive's  retirement  or  other  termination   from   the
Company:

          6.4.1  The Company's Executive Medical  Plan
(100%   coverage)  for  Executive  and  his   family   shall
terminate;

          6.4.2   The  Company, at its  sole  expense,
shall  maintain medical and dental coverage,  including  eye
care,  for  Executive and dependent spouse (if the dependent
spouse  is  covered  on  the date  of  retirement  or  other
termination) during their lives or the life of the survivor,
such  coverage  to be on at least the same basis  as  it  is
provided  from  time  to  time  by  the  Company  to  active
Supervisors/District Managers; and

          6.4.3   No premium payment will be  required
from  Executive or from the Executive's spouse,  should  she
survive the Executive.

          6.4.4  The Company's Group Medical Plan shall
be  the  secondary  payer of benefits if  Executive  becomes
eligible  to receive insurance either from another  employer
or  Medicare  after  retiring from the Company.   In  either
case,  the  Company's  Group  Medical  Plan  would  be   the
secondary  payer.  In addition, the spouse of the  Executive
is affected in the same manner.

           6.4.5   In the event the Company should  for
any  reason  be  unable to provide such medical  and  dental
coverage to Executive and/or their spouse, the Company shall
pay  to  Executive or to the Executive's spouse, should  the
spouse  survive the Executive, the cash amount necessary  to
obtain equivalent medical and dental coverage, including eye
care.

           6.4.6  In the event the Executive dies while
still  working  for the Company and before  retirement,  the
Executive's  spouse  shall  receive  the  survival   medical
benefits described herein as if the Executive had died after
retiring from the Company.

           6.4.7   In  the  event the Executive  becomes
disabled  (as defined by Ryan's disability plans)  for  more
than six months and before retirement, the Executive and the
Executive's  spouse  shall continue to  participate  in  the
medical benefit plans on the same basis as exists under  the
retirement provisions of this agreement.

          6.5    Other  Benefits.   While  employed  by  the
Company,  Executive shall be entitled to share in any  other
employee benefits generally provided by the Company  to  its
most  highly  ranked executives for so long as  the  Company
provides such benefits.

     7.   Excess Parachute Payments.

          7.1   Severance Payments.  It is the intention  of
the  parties  hereto that the severance payments  and  other
compensation provided for herein are reasonable compensation
for  Executive's  services  to the  Company  and  shall  not
constitute "excess parachute payments" within the meaning of
Section 280G of the Code and any regulations thereunder.  In
the  event that the Company's independent accountants acting
as  auditors  for the Company on the date  of  a  Change  in
Control  determine  that the payments  provided  for  herein
constitute   "excess   parachute   payments,"    then    the
compensation payable hereunder shall be reduced to the point
that   such  compensation  shall  not  qualify  as   "excess
parachute payments."

          7.2   To the extent that payments under Section  7
cause   a   "parachute  payment,"  as  defined  in   Section
280G(b)(2)   of  the  Code,  the  Company  shall   indemnify
Executive and hold him harmless against all claims,  losses,
damaged,  penalties,  expenses, and  excise  taxes  relating
thereto.  To effect this indemnification, the Company  shall
pay Executive an additional amount that is sufficient to pay
any  excise tax imposed by Code Section 4999 on the payments
and  benefits  to  which Executive is entitled  without  the
additional amount plus any penalties or interest imposed  by
the Internal Revenue Service in regard to such amounts, plus
another  additional amount sufficient to pay all the  excise
and   income   taxes   on  the  additional   amounts.    The
determination  of any additional amount that  must  be  paid
under  this section at any time shall be made in good  faith
by the independent auditors then employed by the Company.

8.   Confidentiality, Nonsolicitation and Noncompetition
Agreement.  Employee agrees that he has read, is  bound  by,
and   is   subject  to,  the  obligations,  covenants,   and
agreements  set  forth  in  the  Company's  Confidentiality,
Nonsolicitation   and  Noncompetition  Agreement,   attached
hereto  as Exhibit A, and agrees that Company agrees to  the
consideration   and  employment  herein  on   condition   of
Employee's  consent  to  the  obligations,  covenants,   and
agreements set forth in Exhibit A.

9.   Assignment.  The parties acknowledge that this
Agreement has been entered into due to, among other things,
the special skills of Executive, and agree that this
Agreement may not be assigned or transferred by Executive,
in whole or in part, without the prior written consent of
Company.
10.  Notices.  All notices, requests, demands, and other
communications required or permitted hereunder shall be in
writing and shall be deemed to have been duly given if
delivered or seven days after mailing if mailed, first
class, certified mail postage prepaid:

To the Company:     Ryan's Restaurant Group, Inc.
                    405 Lancaster Avenue
                    Greer, South Carolina 29650
                    Attn:  Chairman and CEO

To Executive:       Name
                    Street address
                    City, State, zip code

Any party may change the address to which notices, requests,
demands,  and  other communications shall  be  delivered  or
mailed  by giving notice thereof to the other party  in  the
same manner provided herein.

11.  Provisions Severable.  If any provision or covenant, or
any  part thereof, of this Agreement should be held  by  any
court  to  be invalid, illegal or unenforceable,  either  in
whole   or   in   part,  such  invalidity,   illegality   or
unenforceability shall not affect the validity, legality  or
enforceability of the remaining provisions or covenants,  or
any  part  thereof, of this Agreement, all  of  which  shall
remain in full force and effect.

12.  Remedies.  The Executive acknowledges that if he
breaches or threatens to breach his covenants and agreements
in this Agreement, such actions may cause irreparable harm
and damage to the Company which could not be compensated in
damages.  Accordingly, if Executive breaches or threatens to
breach this Agreement, the Company shall be entitled to
injunctive relief from a court or arbitration panel, in the
Company's sole discretion, in addition to any other rights
or remedies of the Company.  In the event that Executive is
reasonably required to engage legal counsel to enforce his
rights hereunder against the Company, Executive shall be
entitled to receive from the Company his reasonable
attorneys' fees and costs; provided that Executive shall not
be entitled to receive those fees and costs related to
matters, if any, in which he is not the prevailing party.
Also, no attorneys' fees or costs will be paid by the
Company to the Executive related to any attempt to avoid the
arbitration provisions of this Agreement.

13.  Waiver.  Failure of either party to insist, in one or
more instances, on performance by the other in strict
accordance with the terms and conditions of this Agreement
shall not be deemed a waiver or relinquishment of any right
granted in this Agreement or of the future performance of
any such term or condition or of any other term or condition
of this Agreement, unless such waiver is contained in a
writing signed by the party making the waiver.

14.  Amendments and Modifications.  This Agreement may be
amended or modified only by a writing signed by other
parties hereto.

15.  Governing Law; Arbitration; and Expenses.
          15.1  Governing Law.  The validity and  effect  of
this  agreement  shall  be governed  by  and  construed  and
enforced  in accordance with the laws of the State of  South
Carolina.

          15.2  Arbitration.  Except as otherwise set  forth
herein  and  on  Exhibit A, the Executive  and  the  Company
hereby agree to arbitrate in the State of South Carolina any
claims  or disputes pertaining to this Agreement or  to  any
matter  arising  therefrom.  The Executive and  the  Company
expressly  submit  and consent in advance to  the  exclusive
remedy  of arbitration.  There must be full compliance  with
the  rules of the American Arbitration Association in  order
to  resolve  any  legal  disputes regarding  this  Agreement
between the Company and the Executive.  The exclusive choice
of  forum  set forth in this Section shall not be deemed  to
preclude  the enforcement of any judgment obtained  in  such
forum  or  the taking of any action under this Agreement  to
enforce such judgment in any appropriate jurisdiction.

          15.3  Payment of Expenses.  All costs and expenses
(exclusive  of attorneys' fees) incurred in connection  with
any arbitration relating to a claim or dispute pertaining to
this  Agreement shall be paid by the Company.   The  Company
shall  bear the cost of all attorneys' fees incurred by  the
Company.   The attorneys' fees incurred by the Executive  in
pursuing  the claim shall be paid by the party (parties)  as
determined  by the arbitrator.  In allocating the attorneys'
fees under this Section, the arbitrator should consider  the
relative merits of each party's position and the manner  and
means the party undertook to assert the party's case.

          15.4  Indemnification.  Nothing contained in  this
Section shall be deemed to limit the Company's obligation to
indemnify  the Executive to the fullest extent permitted  by
applicable  law  with  respect of  any  actions,  claims  or
proceedings  which are based upon acts or omissions  of  the
Executive related to the performance of his duties hereunder
to  the  extent  he  would have otherwise been  entitled  to
indemnification under the by-laws or charter of the  Company
or  to the extent to which indemnification is to be paid  to
officers and directors as a matter of law.

     IN  WITNESS  WHEREOF, the parties  have  executed  this
Agreement as of the day and year first above written.

EXECUTIVE                  RYAN'S RESTAURANT GROUP, INC.

________________________  By:______________________________
insert  name               Charles D. Way, Chairman  and
                             CEO

                           RYAN'S RESTAURANT GROUP, INC.

                          By:_______________________________
                             Brian S. MacKenzie, Chairman
                             of the Compensation Committee of
                             the Board of Directors of Ryan's
                             Restaurant Group, Inc.

                          EXHIBIT A

       Employee Confidentiality, Non-Solicitation, and
                  Noncompetition Agreement

This   Employee   Confidentiality,   Non-Solicitation    and
Noncompetition Agreement (the "Agreement") is made a part of
that  certain Employment Agreement made and entered into  on
(date)  by and between Ryan's Family Steak Houses TLC,  Inc.
(the "Company") and (name) ("Employee").

WHEREAS,  the  Company  is  (1) engaged  in  the  restaurant
industry,   in  particular  operating  family  steak   house
restaurants  and buffet style restaurants (the  "Business");
and  (2)  may  in  the future engage in and/or  actively  be
considering  other  activities  or  businesses  within   the
restaurant industry, of which Employee may be aware  at  the
termination  of  Employee's employment ("future  Business"),
provided,  however, that no activity or  business  that  the
company has ceased to consider engaging in shall be included
in Future Business;

WHEREAS, the Company has a proprietary interest in, and  its
business  is  one that requires secrecy concerning,  Company
Data,  which is defined as Company information that  is  not
generally known by or readily ascertainable to the public or
within   the   industry,   and  includes   (i)   inventions,
discoveries,  products,  improvements,  know-how,   methods,
processes,  and  methods employed or  sold  by  the  Company
relating  to the Business or future Business; (ii) customer,
vendor,  supplier and employee data (whether or not  reduced
to  writing),  including but not limited to customer  lists,
customer    contacts,    pricing   information,    personnel
information,  concessions and prior  bids;  (iii)  marketing
information, including but not limited to business strategy,
forecasts,   plans  and  research;  (iv)   business   plans,
including  but  not limited to capital projects  and  system
buildouts; (v) financial information; and (vi) trade secrets
as defined by the South Carolina Trade Secrets Act.  Company
Data  includes  documents, records, tapes,  files,  computer
files,  computer  software, media, and any other  medium  of
communicating or storing information;

WHEREAS, among other things, the Company currently owns  and
operates restaurants in 23 states in the United States;

WHEREAS,  Employee  desires  to continue  in  an  employment
relationship with the Company in an executive capacity as  a
result of which he may be exposed to or create Company Data;

WHEREAS,  it is understood and agreed that the Company  will
suffer  substantial  loss  and  damage  if  Employee  should
divulge to any person, firm, corporation, or business entity
("Third  Party"),  including but not limited  to  any  Third
Party  that  competes  with the Company,  any  Company  Data
without  proper  authorization during  or  after  Employee's
employment;

WHEREAS,   Employee   agrees   that   the   provisions   and
restrictions  contained  in  this  Agreement  are  fair  and
reasonable and required for the Company's protection of  its
legitimate  interests, that such restrictions are reasonable
in  scope, area, and time, and will not unreasonably prevent
Employee from pursuing other business ventures or employment
opportunities  or otherwise cause a financial hardship  upon
Employee;

NOW,  THEREFORE,  in consideration of the  promises  herein,
Employee's  continued employment by the  Company,  and  such
other  good  and valuable consideration, including  (without
limitation)  the consideration contained in  the  Employment
Agreement  to  which  this  Agreement  is  attached,  it  is
covenanted and agreed as follows:

1.   Employee represents and warrants that he is not subject
     to  any noncompetition or non-solicitation agreement or
     other   agreement  with  any  Third  Party  that  would
     prohibit  him  from  continuing  employment  with   the
     Company or would interfere with the performance of  his
     duties  to  the Company.  Conversely, without breaching
     the   confidentiality  provisions  of  this  Agreement,
     Employee  agrees  to  disclose the  existence  of  this
     Agreement to any subsequent employer.

2.   Except as may be necessary to perform his normal duties
     for  the  Company, Employee shall hold Company Data  in
     confidence and shall not divulge to any Third Party  at
     any  time Company Data obtained or used by him  (or  by
     other  employees of the Company) during the  course  of
     his employment with the Company without first obtaining
     the  express  written authorization  of  the  Board  of
     Directors of the Company.  Employee agrees to  promptly
     inform  Company  of  any breach of  confidentiality  of
     Company  Data  by any other person that  comes  to  his
     attention.

3.   Except as may be necessary to perform his normal duties
     for  the Company, Employee will not remove Company Data
     (in  whatever form it is derived) from Company premises
     without obtaining the express written authorization  of
     the  Board  of Directors of the Company. Employee  will
     return  all Company property, including but not limited
     to   Company  Data  and  all  copies  thereof,  in  his
     possession upon termination of his employment.

4.   Employee covenants and agrees that during the period of
     his employment and for a period of 24 months thereafter
     (the "Restricted Period"), he will not, for himself  or
     on  behalf  of any Third Party, directly or indirectly,
     consult,  solicit, hire, attempt to hire, or  encourage
     any

               (i)   present  employee  of  the  Company  to
               accept  employment with any Third Party  that
               competes,  directly or indirectly,  with  the
               Company  in  the (1) Business or  (2)  Future
               Business; or

               (ii)  any former employee of the Company who,
               at  the  time of Employee's termination,  has
               been away from the Company for less than  six
               months,  to accept employment with any  Third
               Party  that competes, directly or indirectly,
               with  the Company in the (1) Business or  (2)
               Future Business.

5.   Employee recognizes that he is employed at the  highest
     levels  of  the Company and has access to the Company's
     most  sensitive and confidential information, including
     long-range projections, marketing strategies, and other
     Company  Data.   Employee also  agrees  that  Company's
     market  extends  to many states throughout  the  United
     States and that limiting the scope of this Agreement to
     South  Carolina  will not protect Company's  legitimate
     business  interests.   Employee covenants  and  agrees,
     therefore, that during the Restricted Period,  he  will
     not work for a Competing Company (as defined below)  in
     the  Company's  Market Territory  (as  defined  below),
     including  without limitation, as proprietor,  partner,
     investor,  shareholder,  director,  officer,  employee,
     consultant,   independent  contractor,  or   otherwise;
     provided, however, that the foregoing restriction shall
     not  prohibit  Employee from being a  passive  investor
     owning  less  than 10% equity interest  in  a  publicly
     traded company.

     "Competing Company" shall be limited to any Third Party
     that  operates  restaurants  in  competition  with  the
     Business (or the Future Business, as the case  may  be)
     in the Market Territory.

     "Market Territory" shall be limited to the area  within
     a  five  (5)  mile  radius of  each  of  the  Company's
     existing  restaurants in the United States at the  time
     of Employee's termination from the Company.

6.   Employee  has  carefully considered the  provisions  of
     this    Agreement   and   agrees   that,   under    all
     circumstances,  the restrictions set forth  herein  are
     fair  and reasonable and are required for the Company's
     protection  of its legitimate interests.   The  parties
     hereto recognize that irreparable damage will result to
     the  Company in the event of the breach of any  of  the
     covenants and assurances made by the Employee  in  this
     Agreement.   The  parties  therefore  agree  that   the
     Company  shall be entitled, in addition  to  any  other
     remedies  or  damages available to it under  the  South
     Carolina Trade Secrets Act or other statutory or common
     law,  to obtain injunctive relief without bond in order
     to   restrain  the  violation  of  such  covenants   by
     Employee.   This  Agreement shall be binding  upon  and
     inure to the benefit of the Company, its successors and
     assigns, and shall be binding upon the Employee and his
     executors, administrators, or representatives.

7.   The provisions of this Agreement are severable.  If any
     Court should construe any portion of this Agreement  to
     be  too  broad  to prevent enforcement to  its  fullest
     extent then such restrictions shall be enforced to  the
     maximum  extent  that  the Court finds  reasonable  and
     enforceable.    In  the  event  that   any   of   these
     provisions,  clauses,  sentences,  or  paragraphs,   or
     portions  ("provisions") thereof shall be  held  to  be
     invalid  or  unenforceable,  the  remaining  provisions
     hereof  shall  nevertheless continue to  be  valid  and
     enforceable  as  though  the invalid  or  unenforceable
     parts had not been included therein.  The parties in no
     way  intend  to  include a provision  that  contravenes
     public  policy.   Therefore, if any provision  of  this
     Agreement  is  unlawful,  against  public  policy,   or
     otherwise   declared   void  or   unenforceable,   such
     provision shall be deemed excluded from this Agreement,
     which shall in all other respects remain in effect.

8.   This  Agreement was made in, and shall be  governed  by
     and  enforced  under the laws of, the  State  of  South
     Carolina.   This Agreement may be enforced  only  in  a
     court  of competent jurisdiction in Greenville  County,
     South  Carolina  and  Employee  agrees  to  submit   to
     jurisdiction  in  Greenville  County,  South   Carolina
     whether or not he is then residing in South Carolina.

9.   This  Agreement shall be binding upon and inure to  the
     benefit of the Company, its successors and assigns, and
     shall  be  binding upon the Employee and his executors,
     administrators, or representatives.PURCHASE AGREEMENT
                    Tia's Tex-Mex Restaurant
                        Brandon, Florida

This  AGREEMENT,  entered into effective as of the  20th  day  of
April, 2006 (The "Effective Date").

l.   PARTIES. Seller is AEI Accredited Investor Fund 2002 Limited
Partnership (who owns an undivided 25% interest) and AEI Income &
Growth  Fund  25  LLC (who owns an undivided 75% interest)  which
together  own an undivided 100% interest in the fee simple  title
to  that  certain real property legally described in the attached
Exhibit "A" (the "Property"). Buyer is Mario & Armi Dizon.  Buyer
may  assign  this  purchase agreement to an affiliate  of  Buyer,
provided   initial  Buyer  remains  fully  liable   for   Buyer's
performance hereunder.  Seller wishes to sell and Buyer wishes to
buy the Property.

2.    PROPERTY.  The  Property  to  be  sold  to  Buyer  in  this
transaction  consists of an undivided 100% interest the  Property
located at 144 Brandon Town Center Drive, Brandon, Florida 33511.
Seller owns no interest in any personalty in connection with  the
Property.

3.   PURCHASE PRICE. The purchase price for this 100% interest in
the Property is $3,725,000, all cash.

4.    TERMS. The purchase price for the Property will be paid  by
Buyer as follows:

(A). Within 72 hours after this agreement is executed, Buyer will
pay  $50,000  to  Seller  (which shall be deposited  into  escrow
according  to the terms hereof) (the "First Payment"). The  First
Payment will be credited against the purchase price when  and  if
escrow closes and the sale is completed.

(B).  Buyer  will  deposit the balance  of  the  purchase  price,
$3,675,000  (the Second Payment") into escrow in sufficient  time
to allow escrow to close on the closing date.

5.   CLOSING DATE. Escrow shall close on or before June 27, 2006.

6.    DUE  DILIGENCE. Buyer will have 50 days from the  Effective
Date  of this Agreement (the "Review Period") to conduct  all  of
its  inspections  and due diligence and satisfy itself  regarding
the  Property  and this transaction. Buyer will  also  have  this
Review Period to secure a loan in the amount of $2,525,000. Buyer
agrees  to  indemnify and hold Seller harmless for  any  loss  or
damage  to the Property or persons caused by Buyer or its  agents
arising out of such physical inspections of the Property.  Within
ten  days  of the Effective Date of this Agreement, Seller  shall
provide (except as explained below, in Item A):

A.    One  copy  of a title insurance commitment for  an  Owner's
Title insurance policy (see paragraph 8 below), to be ordered  by
Seller immediately upon both parties hereto having executed  this
agreement, and  said commitment to be delivered to Buyer as  soon
as the third party title insurance company provides it to Seller.

B.    A copy of a Certificate of Occupancy or other such document
certifying  completion  and  granting permission  to  permanently
occupy  the  improvements  on the Property  as  are  in  Seller's
possession.

C.    A  copy  of an "as built" survey of the Property  completed
concurrent   with  Seller's  acquisition  of  the  Property,   if
available in Seller's possession.

D.    A copy of any Phase I Environmental Report on the Property,
if available in Seller's possession.

                             Seller /s/ RPJ  Buyer /s/ MD /s/ AD

E.    Lease,  and  any  amendments or modifications  thereto  (as
further  set  forth  in paragraph 11(A) below)  of  the  Property
showing   occupancy  date,  lease  expiration  date,  rent,   and
Guarantees,   if  any,  accompanied  by  such  tenant   financial
statements as may have been provided most recently to  Seller  by
the Tenant and/or Guarantors.

Buyer  may  cancel  this agreement for ANY  REASON  in  its  sole
discretion  by  delivering a cancellation notice, return  receipt
requested,  to Seller and escrow holder before the expiration  of
the  Review  Period. Such notice shall be deemed  effective  only
upon receipt by Seller. If this Agreement is not cancelled as set
forth  above,  the  First Payment shall be non-refundable  unless
Seller shall default hereunder.

If  Buyer cancels this Agreement as permitted under this Section,
except for any escrow cancellation fees and any liabilities under
the  first  paragraph of section 6 of this Agreement (which  will
survive),  Seller  (after execution of such documents  reasonably
requested  by  Seller to evidence the termination  hereof)  shall
return  to Buyer its First Payment and Buyer will have absolutely
no  rights, claims or interest of any type in connection with the
Property  or this transaction, regardless of any alleged  conduct
by Seller or anyone else.

Unless this Agreement is canceled by Buyer pursuant to the  terms
hereof, if Buyer fails to make the Second Payment Seller shall be
entitled  to retain the First Payment and Buyer irrevocably  will
be deemed to be in default under this Agreement. Seller then may,
at  its  option,  retain  the  First  Payment  and  declare  this
Agreement  null and void, in which event Buyer will be deemed  to
have canceled this Agreement and relinquish all rights in and  to
the Property, or Seller may exercise its rights under Section  14
hereof.  If this Agreement is not canceled and the First  Payment
and  the  Second  Payment is made when required, all  of  Buyer's
conditions and contingencies will be deemed satisfied.

7.    ESCROW. Escrow shall be opened by Seller and the funds will
be  deposited in escrow upon acceptance of this Agreement by both
parties. The escrow holder will be a nationally-recognized escrow
company  selected  by Seller. A copy of this  Agreement  will  be
delivered  to  the  escrow  holder  and  will  serve  as   escrow
instructions   together   with  the  escrow   holder's   standard
instructions  and  any additional instructions  required  by  the
escrow  holder to clarify its rights and duties (and the  parties
agree  to  sign these additional instructions). If there  is  any
conflict  between  these other instructions and  this  Agreement,
this Agreement will control.

8.    TITLE.  Closing will be conditioned on the agreement  of  a
national  title  company selected by Seller to issue  an  Owner's
policy of title insurance, dated as of the close of escrow, in an
amount equal to the purchase price, insuring that Buyer will  own
insurable  title  to  the Property subject  only  to:  the  title
company's  standard exceptions; current real property  taxes  and
assessments;  survey  exceptions;  the  rights  of   parties   in
possession pursuant to the lease defined in paragraph  11  below;
all  matters of public record; and other items disclosed to Buyer
during the Review Period.

Buyer  shall be allowed five (5) business days after  receipt  of
said  commitment for examination and the making of any objections
to  marketability thereto, said objections to be made in  writing
or  deemed waived. If any objections are so made, Seller shall be
allowed  sixty  (60) days to cure such objections and  make  such
title  marketable or, in the alternative, to obtain a  commitment
for  insurable title insuring over Buyer's objections. If  Seller
shall  decide to make no efforts to make title marketable, or  is
unable to make title marketable or obtain insurable title, (after
execution  by  Buyer  of such documents reasonably  requested  by
Seller  to evidence the termination hereof) Buyer's First Payment
will be returned and this Agreement shall be null and void and of
no  further force and effect. Seller has no obligation  to  spend
any  funds  or make any effort to satisfy Buyer's objections,  if
any.

                              Seller /s/ RPJ  Buyer /s/ MD /s/ AD

Pending   satisfaction  of  Buyer's  objections,   the   payments
hereunder  required shall be postponed, but upon satisfaction  of
Buyer's objections and within ten (10) days after written  notice
to  the  Buyer of satisfaction of Buyer's objections, the parties
shall perform this Agreement according to its terms.

9.    CLOSING COSTS. Seller will pay one-half of the escrow fees,
one-half of the recording fees, and one-half of the clerk's  fees
imposed  with recording the deed. Seller shall also pay the  cost
of obtaining a Standard Owners Title Insurance policy in the full
amount  of  the  purchase price. Buyer will pay one-half  of  the
escrow  fees,  one-half of the recording fees,  one-half  of  the
clerk's fees imposed upon the recording of the deed, the cost  of
the  title commitment and the cost of an update to the Survey  in
Sellers  possession (if an update is required  by  Buyer).  Buyer
shall pay for any closing fees dealing with the mortgage they put
on  the  property. Buyer shall also pay the cost of  obtaining  a
Lender's  Title  Insurance  Policy in  the  full  amount  of  the
purchase  price. Seller will pay 2% of the sale price at  closing
as  a  brokerage commission to be split between eFunding, Inc.  &
YHS  Realty, Inc. Each party will pay its own attorney's fees and
costs to document and close this transaction.

10.  REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS.

(A).       Because  the Property is subject to a  net  lease  (as
further  set forth in paragraph 11(A)(1), the parties acknowledge
that  there  shall  be no need for a real estate  tax  proration.
However,   Seller  warrants  that  all  real  estate  taxes   and
installments of special assessments due and payable in all  years
prior to the year of Closing have been paid in full. Unpaid  real
estate  taxes  and unpaid levied and pending special  assessments
existing  on  the date of Closing shall be the responsibility  of
Buyer,  pro-rated, however, to the date of closing for the period
prior to closing, which shall be the responsibility of Seller  if
Tenant shall not pay the same. Buyer shall likewise pay all taxes
due  and  payable  in  the  year after  Closing  and  any  unpaid
installments   of  special  assessments  payable  therewith   and
thereafter, if such unpaid levied and pending special assessments
and real estate taxes are not paid by any tenant of the Property.

(B). All income and all operating expenses from the Property,  if
any,  shall be prorated between the parties and adjusted by  them
as of the date of Closing. Seller shall be entitled to all income
earned, and shall be responsible for all expenses incurred, prior
to  the  date of Closing. Buyer shall be entitled to  all  income
earned and shall be responsible for all operating expenses of the
Property incurred on and after the date of closing.

11.  SELLER'S REPRESENTATION AND AGREEMENTS.

(A). Seller represents and warrants as of this date that:

1.    Except  for  the Lease Agreement in existence  between  AEI
Income  & Growth Fund 25 LLC, whose corporate managing member  is
AEI  Fund Management XXI, Inc., and AEI Accredited Investor  Fund
2002 Limited Partnership, whose corporate general partner is  AEI
Fund  Management  XVIII,  Inc.,  (together  "Lessor")  and  Tia's
Florida, LLC ("Lessee"), dated December 10, 2003, Seller  is  not
aware of any leases of the Property.

2.    If  the  Lease  contains a Right of First  Refusal  to  the
benefit  of  the Lessee for the duration of the Lease,  including
any  renewal  terms,  then  Seller's  obligations  hereunder  are
contingent upon Seller successfully obtaining Lessee's waiver  of
such right of first refusal with respect to this transaction.

3.    It  is  not aware of any pending litigation or condemnation
proceedings  against  the Property or Seller's  interest  in  the
Property.

                              Seller /s/ RPJ  Buyer /s/ MD /s/ AD

4.    Except as previously disclosed to Buyer and as permitted in
paragraph (b) below, Seller is not aware of any contracts  Seller
has  executed that would be binding on Seller after  the  closing
date.

(B).  Provided that Buyer performs its obligations  as  required,
Seller agrees that it will not enter into any new contracts  that
would  materially  affect the Property and be binding  on  Seller
after the Closing Date without Buyer's prior consent, which  will
not be unreasonably withheld.

12.  DISCLOSURES.

(A).  Seller  has  not  received  any  notice  of  any  material,
physical,  or  mechanical  defects  of  the  Property,  including
without limitation, the plumbing, heating, air conditioning,  and
ventilating, electrical system. To the best of Seller's knowledge
without  inquiry, all such items are in good operating  condition
and  repair  and in compliance with all applicable  governmental,
zoning,   and   land  use  laws,  ordinances,   regulations   and
requirements. If Seller shall receive any notice to the  contrary
prior to Closing, Seller will inform Buyer prior to Closing.

(B).  Seller  has  not  received any  notice  that  the  use  and
operation  of  the  Property  is  not  in  full  compliance  with
applicable  building codes, safety, fire, zoning,  and  land  use
laws,  and  other  applicable  local,  state  and  federal  laws,
ordinances, regulations and requirements. If Seller shall receive
any  such notice prior to Closing, Seller will inform Buyer prior
to Closing.

(C).  Seller knows of no facts, nor has Seller failed to disclose
to Buyer any fact known to Seller, which would prevent the Tenant
from  using and operating the Property after the Closing  in  the
manner in which the Property has been used and operated prior  to
the date of this Agreement. If Seller shall receive any notice to
the contrary prior to Closing, Seller will inform Buyer prior  to
Closing.

(D).  Seller has not received any notice that the Property is  in
violation  of  any  federal, state or local  law,  ordinance,  or
regulations  relating to industrial hygiene or the  environmental
conditions on, under, or about the Property, including,  but  not
limited  to,  soil, and groundwater conditions. To  the  best  of
Seller's  knowledge, there is no proceeding  or  inquiry  by  any
governmental authority with respect to the presence of  Hazardous
Materials on the Property or the migration of Hazardous Materials
from or to other property. Buyer agrees that Seller will have  no
liability of any type to Buyer or Buyer's successors, assigns, or
affiliates in connection with any Hazardous Materials  on  or  in
connection  with the Property either before or after the  Closing
Date,  except  such Hazardous Materials on or in connection  with
the  Property  arising  out  of  Seller's  gross  negligence   or
intentional misconduct. If Seller shall receive any notice to the
contrary  prior  to Closing, Seller will inform  Buyer  prior  to
Closing.

(E). BUYER AGREES THAT IT SHALL BE PURCHASING THE PROPERTY IN ITS
PRESENT  CONDITION,  "AS  IS,    WHERE IS",  AND  SELLER  HAS  NO
OBLIGATIONS TO CONSTRUCT OR REPAIR ANY IMPROVEMENTS THEREON OR TO
PERFORM ANY OTHER ACT REGARDING THE PROPERTY, EXCEPT AS EXPRESSLY
PROVIDED HEREIN.

(F).  BUYER  ACKNOWLEDGES THAT, HAVING BEEN GIVEN THE OPPORTUNITY
TO INSPECT THE PROPERTY AND SUCH FINANCIAL INFORMATION CONCERNING
THE  LESSEE  AND  ANY GUARANTORS OF THE LEASE  AS  BUYER  OR  ITS
ADVISORS  SHALL  REQUEST  AND AS MAY BE IN  SELLER'S  POSSESSION,
BUYER  IS RELYING SOLELY ON ITS OWN INVESTIGATION OF THE PROPERTY
AND  NOT ON ANY REPRESENTATIONS OR INFORMATION PROVIDED BY SELLER
OR  TO  BE PROVIDED BY SELLER, EXCEPT AS SET FORTH HEREIN.  BUYER
FURTHER  ACKNOWLEDGES THAT THE INFORMATION  PROVIDED,  OR  TO  BE
PROVIDED,  BY  SELLER WITH RESPECT TO THE PROPERTY, THE  PROPERTY
AND  TO THE LESSEE AND ANY GUARANTORS OF LEASE, WAS OBTAINED FROM
A  VARIETY  OF  SOURCES AND SELLER HAS NOT (A)  MADE  INDEPENDENT
INVESTIGATION OR VERIFICATION OF SUCH INFORMATION, AND (B)  MAKES

                              Seller /s/ RPJ  Buyer /s/ MD /s/ AD

NO  REPRESENTATIONS  AS TO THE ACCURACY OR COMPLETENESS  OF  SUCH
INFORMATION, EXCEPT AS HEREIN SET FORTH. THE SALE OF THE PROPERTY
AS PROVIDED FOR HEREIN IS MADE ON AN "AS IS - WHERE IS" BASIS AND
BUYER  EXPRESSLY  ACKNOWLEDGES  THAT,  IN  CONSIDERATION  OF  THE
AGREEMENTS OF SELLER HEREIN, EXCEPT AS OTHERWISE SPECIFIED HEREIN
IN  PARAGRAPH 11(A) AND (B) ABOVE AND THIS PARAGRAPH  12,  SELLER
MAKES  NO  WARRANTY  OR REPRESENTATION, EXPRESS  OR  IMPLIED,  OR
ARISING  BY OPERATION OF LAW, INCLUDING, BUT NOT LIMITED TO,  ANY
WARRANTY  OF  CONDITION,  HABITABILITY,  SUITABILITY  FOR  LEASE,
SUITABILITY FOR COMMERCIAL PURPOSES, MERCHANTABILITY, OR  FITNESS
FOR  A  PARTICULAR  PURPOSE, IN RESPECT OF THE  PROPERTY.  SELLER
MAKES NO REPRESENTATIONS OF ANY SORT THAT OWNERSHIP OF THE ENTIRE
PROPERTY WILL RESULT IN A PROFIT TO ANY BUYER.

(G)   BUYER  ACKNOWLEDGES THAT SELLER CANNOT, AND DOES NOT,  MAKE
ANY REPRESENTATION AS TO (A) THE SUCCESS, OR LACK THEREOF, OF THE
ENTIRE  PROPERTY, (B) THE LESSEE AND ANY GUARANTORS OF THE  LEASE
OR  THEIR ABILITY TO FULFILL THEIR LEASE OBLIGATIONS, OR (C)  THE
APPROPRIATENESS OF PURCHASING THE ENTIRE PROPERTY FOR THE BUYER'S
INDIVIDUAL  TAX  OR  FINANCIAL  SITUATION  OR  TAX  OR  FINANCIAL
OBJECTIVES.  BUYER ACKNOWLEDGES THAT HE OR SHE IS RELYING  SOLELY
UPON  HIS OR HER OWN EXAMINATION OF THE ENTIRE PROPERTY  AND  ALL
FACTS  SURROUNDING THE PURCHASE OF THE ENTIRE PROPERTY  INCLUDING
THE MERITS AND RISKS INVOLVED THEREIN.

The provisions (D) - (G) above shall survive Closing.

13.  CLOSING.

(A). Before the closing date, Seller will deposit into escrow  an
executed  special warranty deed warranting title  against  lawful
claims  by, through, or under a conveyance from Seller,  but  not
further  or otherwise, conveying insurable title of the  Property
to  Buyer,  subject to the exceptions contained  in  paragraph  8
above. Seller will also deliver an Estoppel Certificate certified
by  Seller  (or  if available, by Lessee) as to the  presence  or
absence of known defaults by Lessee and Lessor under the Lease

(B).  On  or  before  the closing date, Buyer will  deposit  into
escrow  the  balance  of the Purchase Price when  required  under
Section 4 and any additional funds required of Buyer (pursuant to
this agreement or any other agreement executed by Buyer) to close
escrow. Both parties will deliver to the escrow holder any  other
documents  reasonably  required by the  escrow  holder  to  close
escrow.

(C). On the closing date, if escrow is ready to close, the escrow
holder  will:  record  the deed in the official  records  of  the
county where the Property is located; cause the title company  to
commit  to issue the title policy; immediately deliver to  Seller
the  portion  of  the  purchase price deposited  into  escrow  by
cashier's check or wire transfer (less debits and prorations,  if
any);  deliver  to Seller and Buyer a signed counterpart  of  the
escrow  holder's certified closing statement and take  all  other
actions necessary to close escrow.

14.   DEFAULTS. If Buyer defaults, Buyer will forfeit all  rights
and  claims  and  Seller will be relieved of all obligations  and
will  be  entitled to retain all monies heretofore  paid  by  the
Buyer. In addition, Seller shall retain all remedies available to
Seller at law or in equity.

      If  Seller  defaults, Seller will forfeit  all  rights  and
claims and Buyer will be relieved of all obligations and will  be
entitled  to receive all monies heretofore paid by the  Buyer  to
Seller  in  association with this sale. In addition, Buyer  shall
retain all remedies available to Buyer at law or in equity.

                              Seller /s/ RPJ  Buyer /s/ MD /s/ AD

15.  BUYER'S REPRESENTATIONS AND WARRANTIES.

(A). Buyer represents and warrants to Seller as follows:

(1).  In  addition  to  the  acts and deeds  recited  herein  and
contemplated to be performed, executed, and delivered  by  Buyer,
Buyer  shall  perform,  execute  and  deliver  or  cause  to   be
performed,  executed, and delivered at the Closing or  after  the
Closing, any and all further acts, deeds and assurances as Seller
or  the  Title Company may require and be reasonable in order  to
consummate the transactions contemplated herein.

(2).  Buyer  has all requisite power and authority to  consummate
the  transaction contemplated by this Agreement and has by proper
proceedings  duly authorized the execution and delivery  of  this
Agreement  and  the consummation of the transaction  contemplated
hereby.

(3). To Buyer's knowledge, neither the execution and delivery  of
this   Agreement   nor  the  consummation  of   the   transaction
contemplated hereby will violate or be in conflict with  (a)  any
applicable provisions of law, (b) any order of any court or other
agency  of  government having jurisdiction  hereof,  or  (c)  any
agreement  or instrument to which Buyer is a party  or  by  which
Buyer is bound.

16.  DAMAGES, DESTRUCTION AND EMINENT DOMAIN.

(A).  If,  prior to closing, the Property or any part thereof  be
destroyed or further damaged by fire, the elements, or any cause,
due  to events occurring subsequent to the date of this Agreement
to  the  extent that the cost of repair exceeds $10,000.00,  this
Agreement   shall  become  null  and  void,  at  Buyer's   option
exercised, if at all, by written notice to Seller within ten (10)
days  after Buyer has received written notice from Seller of said
destruction or damage. Seller, however, shall have the  right  to
adjust or settle any insured loss until (i) all contingencies set
forth  in Paragraph 6 hereof have been satisfied, or waived;  and
(ii)  any  ten-day period provided for above in this Subparagraph
16a for Buyer to elect to terminate this Agreement has expired or
Buyer  has, by written notice to Seller, waived Buyer's right  to
terminate  this  Agreement. If Buyer elects  to  proceed  and  to
consummate the purchase despite said damage or destruction, there
shall be no reduction in or abatement of the purchase price,  and
Seller  shall  assign  to Buyer the Seller's  right,  title,  and
interest  in and to all insurance proceeds (pro-rata in  relation
to the Property) resulting from said damage or destruction to the
extent  that the same are payable with respect to damage  to  the
Property, subject to rights of any Tenant of the Property.

If  the  cost of repair is less than $10,000.00, Buyer  shall  be
obligated to otherwise perform hereinunder with no adjustment  to
the  Purchase  Price, reduction or abatement,  and  Seller  shall
assign Seller's right, title and interest in and to all insurance
proceeds pro-rata in relation to the Property, subject to  rights
of any Tenant of the Property.

(B). If, prior to closing, the Property, or any part thereof,  is
taken  by  eminent domain, this Agreement shall become  null  and
void  at Buyer's option. If Buyer elects to proceed to consummate
the purchase despite said taking, there shall be no reduction in,
or  abatement of, the purchase price, and Seller shall assign  to
Buyer the Seller's right, title, and interest in and to any award
made,  or to be made, in the condemnation proceeding pro-rata  in
relation to the Property, subject to rights of any Tenant of  the
Property.

                              Seller /s/ RPJ  Buyer /s/ MD /s/ AD

In  the  event  that  this Agreement is terminated  by  Buyer  as
provided  above  in  Subparagraph 16A or 16B, the  First  Payment
shall  be immediately returned to Buyer (after execution by Buyer
of  such documents reasonably requested by Seller to evidence the
termination hereof.)

17.  1031 EXCHANGE.

If  Buyer is purchasing the Property as "replacement property" to
for  purposes  of  a  tax free exchange, Buyer acknowledges  that
Seller has made no representations, warranties, or agreements  to
Buyer or Buyer's agents that the transaction contemplated by  the
Agreement will qualify for such tax treatment, nor has there been
any  reliance  thereon  by  Buyer respecting  the  legal  or  tax
implications  of  the  transactions  contemplated  hereby.  Buyer
further  represents  that it has sought and obtained  such  third
party advice and counsel as it deems necessary in regards to  the
tax implications of this transaction.

Buyer  wishes to novate/assign the ownership rights and  interest
of  this Purchase Agreement to Equity Preservation, Inc. who will
act as Accommodator to perfect the 1031 exchange by preparing  an
agreement   of   exchange   of  Real  Property   whereby   Equity
preservation, Inc. will be an independent third party  purchasing
the  ownership  interest  in subject  property  from  Seller  and
selling the ownership interest in subject property to Buyer under
the  same  terms  and conditions as documented in  this  Purchase
Agreement. Buyer asks the Seller, and Seller agrees to  cooperate
in the perfection of such an exchange if at no additional cost or
expense to Seller or delay in time. Buyer hereby indemnifies  and
holds  Seller  harmless from any claims and/or actions  resulting
from   said  exchange.  Pursuant  to  the  direction  of   Equity
Preservation, Inc., Seller will deed the property to Buyer.

18.  CANCELLATION

If any party elects to cancel this Contract because of any breach
by  another party or because escrow fails to close by the  agreed
date,  the party electing to cancel shall deliver to escrow agent
a  notice  containing  the address of the  party  in  breach  and
stating  that this Contract shall be cancelled unless the  breach
is  cured within 13 days following the delivery of the notice  to
the escrow agent. Within three days after receipt of such notice,
the escrow agent shall send it by United States Mail to the party
in  breach at the address contained in the Notice and no  further
notice  shall be required. If the breach is not cured within  the
13 days following the delivery of the notice to the escrow agent,
this Contract shall be cancelled.

19.  MISCELLANEOUS.

(A).  This  Agreement  may be amended only by  written  agreement
signed  by  both  Seller and Buyer and all  waivers  must  be  in
writing  and signed by the waiving party. Time is of the essence.
This  Agreement  will not be construed for  or  against  a  party
whether or not that party has drafted this Agreement. If there is
any  action  or proceeding between the parties relating  to  this
Agreement  the  prevailing  party will  be  entitled  to  recover
attorney's  fees  and  costs.  This is  an  integrated  agreement
containing  all agreements of the parties about the Property  and
the   other  matters  described  and  it  supersedes  any   other
agreements or understandings. Exhibits attached to this Agreement
are incorporated into this Agreement.

(B). If this escrow has not closed by the Closing Date through no
fault  of Seller, Seller may, at its election, extend the closing
date  or  exercise any remedy available to it by  law,  including
terminating this Agreement.

(C).  Funds  to be deposited or paid by Buyer must  be  good  and
clear  funds  in  the  form  of cash, cashier's  checks  or  wire
transfers.

                              Seller /s/ RPJ  Buyer /s/ MD /s/ AD

(D).  All notices from either of the parties hereto to the  other
shall  be  in writing and shall be considered to have  been  duly
given  or  served if sent by first class certified  mail,  return
receipt requested, postage prepaid, or by a nationally recognized
courier  service guaranteeing overnight delivery to the party  at
his  or its address set forth below, or to such other address  as
such party may hereafter designate by written notice to the other
party.

If to Seller:

AEI Fund Management Inc
Attention:  Robert Johnson
30 East Seventh Street, #1300
St. Paul, MN 55101

If to Buyer:

Mario & Armi Dizon
C/O eFunding, Inc.
1340 Tully Road, Suite #307
San Jose, CA  95122

When  accepted, this offer will be a binding agreement for  valid
and  sufficient consideration which will bind and benefit  Buyer,
Seller  and  their  respective successors and assigns.  Buyer  is
submitting  this  offer  by signing a  copy  of  this  offer  and
delivering it to Seller. Seller has five (5) business  days  from
receipt within which to accept this offer.

This   Agreement  shall  be  governed  by,  and  interpreted   in
accordance with, the laws of the State of Florida.

IN  WITNESS  WHEREOF,  the Seller and Buyer  have  executed  this
Agreement effective as of the day and year above first written.

BUYER:

By: /s/ Mario Dizon
        Mario Dizon

By: /s/ Armi Dizon
        Armi Dizon

SELLER:

AEI Income & Growth Fund 25 LLC
AEI Accredited Investor Fund 2002 Limited Partnership

By: /s/ Robert P Johnson
        Robert P. Johnson, its President

                           Seller /s/ RPJ  Buyer /s/ MD /s/ AD

                            EXHIBIT A

                        Legal Description

That part of the Northeast 1/4 of  Section 29, and the Southeast 1/4
of Section 20, all in Township 29 South, Range 20 East, Hillsborough
County, Florida, being more particularly described as follows:

Commencing  at  the  Northwest  corner  of the Northeast 1/4 of said
Section 29;  thence  South  89 53'41"  East, along the North line of
said Northeast 1/4, a distance of 513.83 feet; thence South 00 06'19"
West,  a  distance  of 150.61 feet to the Point of Beginning; thence
North  73 40'21" West, a  distance  of  273.01  feet;  thence  North
47 00'49"  East,  a  distance  of 78.98 feet; thence North 22 00'07"
East,  a distance of 56.71 feet;  thence  North  32 42'28"  West,  a
distance  of  64.79 feet; thence North 76 26'14" East, a distance of
203.77 feet;  thence South 67 18'03" East, a distance of 104.00 feet
to the beginning  of a non-tangent curve; thence Southwesterly along
the arc of said curve  to  the  left,  having  a  central  angle  of
17 52'19",  a  radius  of  823.90 feet,  a  chord  bearing  of South
25 16'05" West, and an arc distance of 257.00 feet, more or less, to
the Point of Beginning.

                                 Seller /s/ RPJ  Buyer /s/ MD /s/ AD

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