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r <br /> 11. Upon receipt of a new stock certificate issued to the <br /> Purchaser, the parties shall place the certificate, with the <br /> stock assignment form executed in blank by the Purchaser, in <br /> escrow with Stephen T. Williamson, 813 Main Street, Louisville, <br /> CO 80027, escrow agent, or another escrow agent acceptable to <br /> the parties to be held as security until payment in full by <br /> Purchaser. The parties agree to approve escrow instructions in <br /> the form attached hereto and incorporated herein by this <br /> reference. <br /> 12. The benefits of this agreement and the burdens here- <br /> under shall respectively inure to and be binding upon the succes- <br /> sors and assigns of the parties hereto. <br /> 13. No amendment or modification of this agreement shell be <br /> of any force or effect unless in writing and executed by the <br /> parties hereto. <br /> 14. Time is of the essence hereof, and if payment or other <br /> condition hereof is not made, tendered or performed by either the <br /> Seller or the Purchaser as herein provided, then this contract, <br /> at the option of the party who is not in default, may be termin- <br /> ated by such party, in which case the non-defaulting party may <br /> pursue such remedies as are provided by law, including damages <br /> and/or specific performance. <br /> 15. If any judicial proceeding may hereafter be brought to <br /> enforce any of the provisions hereof, including an action for <br /> specific performance and/or damages, the prevailing party shall <br /> be entitle4 .to recover the costs of such proceeding, including <br /> reasonable attorney's fees and expert witness fees. <br /> -4- <br />