SEC Contract Filing

Filing Date: 2019-08-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>mhpc_ex101.htm
<DESCRIPTION>PURCHASE AND SALE AGREEMENT, DATED JULY 26, 2019 AND EFFECTIVE AUGUST 1, 2019, BETWEEN MHP PURSUITS LLC AND THE ARC INVESTMENT TRUST
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 10.1</font><br></font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">PURCHASE
AND SALE AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">THIS
PURCHASE AND SALE AGREEMENT (this &#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;) is made and
entered into as of the Effective Date (as defined below) between
the undersigned Seller (as defined below) and the undersigned Buyer
(as defined below).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">1.</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold; text-decoration: underline">Summary of Terms
and Defined Terms</font>. The following summary of terms and
defined terms are hereby incorporated into this
Agreement:</font></div>
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SUMMARY OF TERMS AND DEFINED TERMS</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">A.
Seller and Seller&#x2019;s Notice Information:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The ARC
Investment Trust, a South Carolina trust
(&#x201C;Seller&#x201D;)</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">4220
Augusta Road</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Lexington, SC
29073</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Attention: Al
Cox</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Telephone: (803)
730-5575</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Email:
acox271929@aol.com</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">B.
Buyer and Buyer&#x2019;s Notice Information:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">MHP
Pursuits LLC, a North Carolina limited liability company
(&#x201C;Buyer&#x201D;)</font></div>
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<font style="font-family: Times New Roman; fo