Document:

Exhibit
10.1

Intermec,
Inc.

Summary Sheet – Employment Arrangement with Lanny H. Michael

The
following summarizes the principal terms of Intermec, Inc.’s employment of
Lanny H. Michael as our Senior Vice President and Chief Financial Officer:

·                                          Term.  None specified – employment at
will.

·                                          Base Salary.  Base salary of $350,000 per
annum.

·                                          Bonus.

1.                                       Targeted bonus equal to 70% of base salary, pro
rated for calendar year 2006.

2.                                       Payment to be made in 2007 equal to the
positive difference, if any, between $73,164 and the amount of actual bonus
paid with respect to 2006 pursuant to Intermec Inc.’s applicable incentive
bonus plan.

·                                          Equity Compensation.

1.                                       36,000 stock options, with five-year vesting
and a ten-year term.

2.                                       12,000 “Performance Share Units” which
entitle Mr. Michael to receive up to three shares of our common stock for each
PSU upon the achievement of certain financial performance measurements over a
three-year period.

3.                                       20,000 “Restricted Stock Units” which vest on
the five-year anniversary of the date of grant.

·                                          Change of Control Agreement. 
Eligible for change of control agreement.

·                                          Benefits.  401(k) plan and other standard
benefits.

 1EXHIBIT 10.2

PURCHASE
AND SALE AGREEMENT

AND

ESCROW
INSTRUCTIONS

Date:  November 08, 2006

Ref. No.  705 W. Dustman Street, Bluffton, Indiana
46714

THIS
AGREEMENT is entered into by and between La Cometa Properties, Inc., (a wholly owned
subsidiary of The Inventure Group, Inc.) an Arizona Corporation, or
nominee,  hereinafter referred to as “Buyer”
and Lincoln Estates, LLC a
Delaware Limited Liability Company, 
hereinafter referred to as “Seller”, for the purpose of setting forth
the terms and conditions of the transaction described below.

The subject of the
within agreement is the acquisition by Buyer of a 100% interest in and to the
real property described as:

705 W. Dustman
Street, City of Bluffton, County of Wells, State of Indiana

Tax Parcel Nos.
:  0120986200;    0120974101;    0050320803

Legal Description
attached hereto as Exhibit “A” (the “Property”).

PURCHASE
PRICE:  The purchase
price for the Property shall be Three Million 
and 00/100 Dollars ($3,000,000.00), payable as follows:

	
  Earnest Money Deposit
  with Escrow Holder:

  	
   

  	
  $

  	
  100,000.00

  	
   

  
	
  First Lien / New Loan —
  Conventional Financing

  	
   

  	
  $

  	
  2,400,000.00

  	
   

  
	
  Cash at Closing:

  	
   

  	
  $

  	
  500,000.00

  	
   

  
	
  Total Purchase Price:

  	
   

  	
  $

  	
  3,000,000.00

  	
   

  

 

PROPERTY
TAXES:  Any bonds and
assessments that are associated with the Property and are collected with the
property taxes shall be assumed by the Buyer.

TRANSFER
OWNERSHIP:  Title to
the Property shall be conveyed by Warranty Deed vested to:   La Cometa Properties, Inc., an Arizona
Corporation, or assignee, subject only to those matters disclosed by the
preliminary title report described below.

Title to any
personal property shall be conveyed to Buyer by Bill of Sale on the Closing
Date, free and clear of all encumbrances (except those approved by Buyer).  The price of said items 

 1
 

 

shall be included
in the Purchase Price for the Property and Buyer agrees to accept all such
personal property in its “as is” condition.

ESCROW
AGENT / TITLE INSURANCE: 
The parties agree to open an escrow account with a mutually agreeable
escrow agent for the County of Wells, State of Indiana.   The escrow agent shall deliver to Buyer and
Seller a preliminary title report together with copies of all documents
affecting Title.  Seller shall provide a
CLTA Standard policy of title insurance for the Property, as Seller’s
expense.  Buyer may elect to obtain
additional ALTA coverage and endorsements at Buyer’s expense.  Title Insurance Company to be Seller’s
choice.

CLOSE OF
ESCROW:  The parties
agree to close escrow on or before December 15, 2006.  It shall be a condition of closing that the
title insurer shall be prepared to issue an owner’s policy of title insurance
to Buyer consistent with the preliminary title report issued during the
Inspection Period.  If the title insurer
is not so prepared, Buyer may waive such requirement and close escrow without
reduction in the purchase price, or may terminate this Agreement in which case
Buyer’s earnest money deposit shall be returned and the parties shall have no
further obligation hereunder.

DEED
OF TRUST/PROMISSORY NOTE: 
Buyer shall obtain a loan from U S Bank 
for the purchase of the Property, which, when recorded, shall be a first
lien against the Property, or Buyer may at Buyer’s election pay cash.

PERSONAL
PROPERTY:  The purchase
price set forth hereinabove does include personal property described in Exhibit
“B” attached hereto and made a part hereof.

COSTS
AND CHARGES:  Buyer
agrees to pay the following costs and charges: 
One-half of the escrow fee, recording fees, all fees and charges
associated with obtaining the loan, all fees associated with its own due
diligence efforts, fee for ALTA loan policy of title insurance, Buyer’s
attorney fees.

Seller agrees to
pay the following costs and charges: 
One-half of the escrow fee, 
documentary transfer tax, if applicable, fee for title insurance for
standard coverage CLTA owner’s policy of 
title insurance, Seller’s attorney fees.

PRO-RATIONS
AND ADJUSTMENTS:  The
Property is subject to a NNN (triple net) lease in which the lessee is
responsible for paying the property taxes and premiums on hazard and liability
insurance.  Buyer assumes all
responsibility for any adjustment of property taxes that may be changed with a
regular or supplemental tax bill delivered to Buyer after the closing
date.  Rents shall be prorated as of
close of escrow.  Security deposits,
advance rentals, and the amount of any future lease credits shall be credited
to Buyer.  Delinquent or unpaid rents, if
any, shall be handled outside of escrow between Buyer and Seller.

HAZARD
INSURANCE:  Buyer has the
option of obtaining its own policy of hazard and liability insurance at Buyer’s
expense.

LEASE/TENANTS:  Buyer shall have until the expiration of the
Inspection Period (as defined below) to investigate the financial condition,
business prospects and prospective continued 

 2
 

 

occupancy of any
tenant of the Property.  Seller shall
cooperate with Buyer and shall provide Buyer in writing with all such
information in Seller’s possession, but shall not be responsible for any tenant’s
refusal to provide such information. 
Seller agrees to assign all of Seller’s interest and rights under the
terms of the existing lease, and any amendments thereto, to Buyer.

“AS-IS
CONDITION”:  The parties to this agreement hereby
understand and acknowledge that Seller has not made any representations or
warranties of any kind whatsoever, either express or implied, with respect to
the Property or any such related matter, except as expressly set forth in this
Agreement, and Buyer is acquiring the Property in an “As-Is” condition with
faults.

Except as
expressly set forth herein, Seller makes no representations or warranties with
respect to the use and/or condition, including without limitation, the
condition or safety of the Property and any improvements thereon, electrical,
plumbing, heating, sewage, roof, insulation, air conditioning, if any,
foundations and utilities, or that the same are in working order; the condition
of the soils or groundwater of the Property and the presence or absence of
toxic materials or hazardous substances on or under the Property; compliance
with applicable statutes, laws, codes, ordinances, regulations or requirements
relating to leasing, zoning, subdivision, planning, building, fire, safety,
health or environmental matters, persons with disabilities; compliance with
covenants, conditions and restrictions, whether or not of record; other local,
municipal, regional, state or federal requirements, or other statutes, laws,
codes, ordinances, regulations or requirements.

The closing of
this transaction shall constitute an acknowledgement by Buyer that the Property
was accepted without representation or warranty of any kind or nature and in an
“As-Is” condition based solely on Buyer’s own inspection, except as otherwise
expressly provided herein.

Buyer has conducted
Buyer’s own investigation with regard to possible infestation and/or infection
by wood-destroying pests or organisms and agrees to purchase the Property in
its present condition.  Buyer
acknowledges that Buyer is not relying upon any representations or warranties
made by Seller regarding the presence or absence of such infestation or
infection.

DUE
DILIGENCE:  Buyer shall
have until 3:00 p.m. on the 20th calendar day after the mutual execution of
this Agreement to complete its review of the preliminary title report, due
diligence and all inspections of the Property, including without limitation,
information relative to utilities and services, zoning and land use, surveys,
plans and engineering studies, hazardous materials and soil conditions (the “Inspection Period”).

In the event that
Buyer requires additional time to complete its due diligence, and if Buyer
desires to obtain an additional 20 calendar day extension of the Inspection
Period, Buyer, on or before 3:00 p.m. on the 20th day from the mutual execution
of this Agreement, will deposit into Escrow an Extension Fee of an additional
$10,000.00 which will immediately become non-refundable to Buyer, earned by
Seller, and will not apply to the Purchase Price.  Escrow Agent is hereby instructed to transfer
said Extension Fee to Seller immediately.

 3
 

 

In the event that
Buyer terminates this Agreement before the expiration of the Inspection Period,
if and as extended, Buyer’s earnest money deposit shall be refunded and neither
party shall have any further obligation to the other by reason of this
Agreement.

Seller agrees to
provide to Buyer the items listed below within ten (10) calendar days following
the opening date:

a.             All rental agreements, leases,
service contracts, insurance policies, latest tax bills and other written
agreements, written code violations or other notices which affect the Property;

b.             Copies of any documentation in
possession of the Seller, and not otherwise protected by privacy agreements
and/or rights, regarding the financial condition, business prospects or
prospective continued occupancy of any tenant;

c.             Complete and current rent roll,
including a schedule of all tenant deposits and fees;

d.             A written inventory of all items of
personal property to be conveyed to Buyer and included as a part of the
purchase price at the close of escrow;

e.             Any and all documents of any type
or nature that in any way reference the existence of mold or mold-related
problems with the Property;

f.              Any and all documents of any type
or nature that in any way reference the existence of lead-based paint or
lead-based paint problems with the Property;

g.             Any and all documents of any type
or nature that in any way reference the existence of litigation affecting the
Property;

h.             Any environmental reports,
construction site plans, licenses or permits required of owners for operation
of the Property; and

i.              Any existing surveys or
environmental studies of the Property.

REPRESENTATIONS
AND WARRANTIES/SELLER: 
Seller makes the following representations and warranties which shall be
true and correct as of the date hereof and the date of close of escrow
(regardless of any investigations Buyer shall have made with respect thereto
prior to the close of escrow) and which shall survive the close of escrow
through the close of business on the date six (6) months after the close of
escrow.  In the event that, during the
period between the date hereof and the close of escrow, Seller learns, or has a
reason to believe, that any of the following representations and warranties may
cease to be true, Seller hereby covenants to give written notice thereof to
Buyer as soon as is reasonably possible.

(a)           There are no claims, actions, suits,
condemnation actions or other proceedings pending or to the best of Seller’s
knowledge overtly threatened which could affect the Property, and Seller has
not received notice of any currently uncured violation of any law, statute, 

 4
 

 

government regulation,
zoning ordinance, use permit, order, judgment or requirement, that in any
manner or to any extent may materially affect the Property.

(b)           Except for the leases furnished to
Buyer and except for the use of approximately 2.3 acres of the Property by
Brian Tonner Farms, Inc., the Property is not subject to any contract, right of
first refusal, option, lease or other possessary interest.

(c)           To the actual knowledge of Seller,
(i) there exist no adverse claims or encroachments by any person or persons
with respect to the Property, and (ii) no improvement on the Property
encroaches an adjacent property or on any public easement or right-of-way.

(d)           To the best of Seller’s actual
knowledge, the copies of the documents to be furnished to Buyer are true,
correct and complete copies of authentic originals thereof, and no such
documents have been knowingly withheld by Seller.

(e)           Seller is the owner of the Property
and has full power and authority to enter into and perform this Agreement in
accordance with its terms and there is no other person or entity who has an
ownership interest in the Property.

(f)            The individual executing this
Agreement on behalf of Seller is authorized to do so and, upon executing this
Agreement, this Agreement shall be binding and enforceable upon Seller in
accordance with its terms.

(g)           Seller has not received notice of any
discharge of hazardous materials on, at or under the Property which would
constitute a violation of any rule, regulation, law or order, or which requires
remediation.  To the best of  Seller’s knowledge, there is not now and has
never been an underground storage tank located on or under the Property.

REPRESENTATIONS
AND WARRANTIES/BUYER: Buyer makes the following
representations and warranties which shall be true and correct as of the date
hereof and the date of the close of escrow. 
In the event that during the period between the date hereof and the
close of escrow, Buyer learns or has reason to believe that any of the
following representations and warranties may cease to be true, Buyer hereby
covenants to give written notice thereof to Seller as soon as is reasonably
possible.

(a)          Buyer has the legal
power, right and authority to enter into this Agreement and the instruments
referenced herein, and to consummate the transaction contemplated hereby.  All requisite action (corporate or otherwise)
has been taken by Buyer in connection with the entering into this Agreement and
the instruments referenced herein, and the consummation of the transactions
contemplated hereby.  The individuals
executing this Agreement and the instruments referenced herein on behalf of
Buyer and the officers of Buyer have the legal power, right, and actual
authority to bind Buyer to the terms and conditions hereof and thereof.  This Agreement and all documents required
hereby to be executed by Buyer are and shall be valid, legally binding
obligations of and enforceable against Buyer in accordance with their terms,
subject only to applicable bankruptcy, insolvency, reorganization, moratorium
laws or similar laws or equitable principals affecting or limiting the rights
of contracting parties generally.

 5
 

 

CONTRACTS
/ MATERIAL CHANGES:  Seller
shall not enter into any new leases or service or tenant contracts that cannot
be cancelled with 30-days notice and without penalty.  Seller shall not make any material changes to
the Property, do any act, or enter into any agreements of any kind that
materially changes the value of the Property, the rights of the Buyer as they
relate to the Property, or the condition of title to the Property.

RISK
OF LOSS:  Risk of loss
to the Property shall be borne by Seller until title has been conveyed to
Buyer.  In the event that the
improvements on the Property are destroyed or materially damaged between the
Opening Date of this Agreement and the date title is conveyed to Buyer, Buyer
shall have the option of demanding and receiving the entire earnest money
deposit and being released from all obligations hereunder, or alternatively,
taking such improvements as Seller can deliver together with an assignment of
any casualty proceeds payable on account of such damage or destruction..  Upon Buyer’s physical inspection and approval
of the Property, Seller shall maintain the Property through close of escrow in
the same condition and repair as approved, reasonable wear and tear excepted.

DEFAULT:  In the event Buyer defaults hereunder and fails
to cure said default within ten (10) days of written demand, Seller may
terminate this Agreement in which case Buyer’s earnest money deposit shall be
forfeited as Seller’s sole and exclusive remedy.  In the event Seller defaults hereunder and
fails to cure said default within ten (10) days of written demand, Buyer may
exercise any remedy available at law or in equity.

SUCCESSORS
AND ASSIGNS:  This
Agreement and any addenda hereto shall be binding upon and inure to the benefit
of the heirs, successors, agents, representatives and assigns of the parties
hereto.

ATTORNEY’S
FEES:  In any
litigation, arbitration or other legal proceedings which may arise between the
parties hereto, the prevailing party shall be entitled to recover its costs,
including costs of arbitration, and reasonable attorney’s fees in addition to
any other relief to which such party may be entitled.

NOTICES:  All notices required or permitted hereunder
shall be given to the parties in writing at their respective addresses as set
forth below.  Should the date upon which
any act required to be performed by this Agreement fall on a Saturday, Sunday
or holiday, the time for performance shall be extended to the next business
day.

GOVERNING
LAW:  This Agreement
shall be governed by and construed in accordance with the laws of the State of
Indiana.

AGENCY
DISCLOSURE:  The
parties acknowledge that they are not represented by any real estate agent or
broker and that there will be no commissions paid to any party at the Closing
of this transaction.

CLOSING
DATE:  Closing of this
transaction shall occur on or before December 15, 2006, or as soon as possible
thereafter.

 6
 

 

BUYER:

	
  La Cometa Properties, Inc.,

  	
   

  	
   

  
	
  an Arizona Corporation

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
  Date:

  
	
  Title:

  	
   

  	
   

  
	
  Address: 3500 S.
  La Cometa Drive, Goodyear, AZ 85338

  	
   

  	
   

  
	
  Phone: (623)
  932-6249

  	
   

  	
   

  
				

 

SELLER:

	
  Lincoln Estates, LLC,

  	
   

  	
   

  
	
  a Delaware Limited Liability Company

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name: Larry R.
  Polhill

  	
   

  	
  Date:

  
	
  Title: Manager

  	
   

  	
   

  
	
  Address: 7380 S.
  Eastern St., #150, Las Vegas, NV 89123

  	
   

  	
   

  
	
  Phone: (702)
  494-8878

  	
   

  	
   

  
				

 

 7
 

 

EXHIBIT ‘A’

LEGAL DESCRIPTION

705 W. Dustman
Street, Bluffton, IN 46714

TRACT 1:

A part of the
southeast quarter of Section 28, Township 27 North, Range 12 East, Lancaster
Township, Wells County, Indiana, beginning where the east right of way line of
the Nickel Plate Railroad intersects the south line of said section; thence
east on the section line a distance of 264 feet; thence north a distance of 200
feet; thence east a distance of 136 feet; thence north on a line parallel with
the east line of said railroad right of way a distance of 700 feet; thence west
to the east line of said railroad right of way a distance of 400 feet; thence
south along the east line of said railroad right of way a distance of 900 feet
to the place of beginning, containing approximately 7.65 acres, more or less.

TRACT 2:

Part of the south
half of Section 28, Township 27 North, Range 12 East, Lancaster Township, Wells
County, Indiana, and being more particularly described as follows:  Commencing at the point where the centerline
of the Norfolk & Southern Railroad intersects with the centerline of State
Road 116, which is also the south line of Section 28, Township 27 North, Range
12 East; thence east on and along said south line of Section 28, a distance of
468.0 feet to a point; thence in a northerly direction on the east property
line of King property a distance of 200.0 feet to a steel rod for the place of
beginning; thence west (which is parallel to the south line of said Section
28), a distance of 128.0 feet to a point; thence north (which is parallel to
the east right-of-way line of the Norfolk & Southern Railroad) a distance
of 700.0 feet to a point; thence west (which is parallel to the south line of said
Section 28) a distance of 400.0 feet to a point on the east right-of-way line
of the Norfolk & Southern Railroad; thence north on and along said east
line of said railroad a distance of 200.0 feet to a point; thence east (which
is parallel to the south line of Section 28) a distance of 528.0 feet to a
point; thence south and parallel to the east right-of-way line of the Norfolk
& Southern Railroad a distance of 900.0 feet to the place of beginning,
containing 4.48 acres, more or less.

TRACT 3:

Part of the
southeast quarter of Section 28, Township 27 North, Range 12 East, Lancaster
Township, Wells County, Indiana, described as follows:  Starting at the southeast corner of said
southeast quarter found per record witness; thence westerly 2,277.36 feet along
the south lien of said southeast quarter to a P.K. nail set, which shall be the
place of beginning; thence continuing westerly 132.0 feet along the south line
of said southeast quarter to a P.K. nail set; thence northerly deflecting right
89 degrees 40 minutes, 200.0 feet to a pipe stake found; thence easterly,
deflecting right 90 degrees 20 minutes, 132.0 feet parallel with the south line
of said southeast quarter to a 5/8” rebar stake set; thence southerly,
deflecting right 89 degrees 40 minutes, 200.0 feet to the place of beginning,
containing 0.61 acres, more or less.

TRACT 4:

An easement, right
of way and right of ingress and egress to and from, and for the purpose of
constructing, inspecting, repairing, operating, changing the size of, in whole
or in part, a tile drain, the following described land:

 8
 

 

A part of the east
half of the southwest quarter and of the west half of the southeast quarter of
Section twenty-eight (28), Township twenty-seven (27) North, Range twelve (12)
East, bounded and described as follows: Beginning at the intersection of the
east right of way line of the Nickel Plate Railroad and the south section line
of said Section 28, thence north along the east right-of-way line of said
railroad right of way a distance of 1,100 feet, which shall be the place of
beginning;  thence northerly along said
east right-of-way line of said railroad approximately 800 feet ad to the center
of an open ditch, thence easterly along the meanderings of said ditch to a
point 50 feet at right angles east of said railroad right-of-way line, thence
south and parallel to said east right-of-way line 800 feet and to the north
line of the land described in Deed Record 125 on page 365 of the Wells County
Records; thence westerly on said north line 50 feet to the place of beginning;
which such easement, right-of-way and right is granted by that certain
Right-of-Way Grant dated and recorded August 1, 1979 in Miscellaneous Book 50
Page 676 and that certain Right-of-Way Grant dated August 6, 1979 and recorded
August 10, 1979 in Miscellaneous Book 50 Page 687, in the Wells County, Indiana
Records (the south 200 feet of said Right-of-Way is excluded from this
description as it is contained within the description of Tract 2 shown above).

NOTE:  The acreage indicated in the legal
description is solely for the purpose of identifying the said tract and should
not be construed as insuring the quantity of land.

 9
 

 

EXHIBIT ‘B’

PERSONAL PROPERTY

[Fixtures to Property
only.]

 

 10

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