exhibit 10. 1 vacant land sales contract ( this is not to be used for tear down ) 1. the parties : buyer and seller are herein after referred to as the “ parties. ” buyer ( s ) ( please print ) janet scapelli seller ( s ) ( please print ) owner of record — coral woods llc if dual agency applies, complete optional paragraph 27 2. the real estate : real estate shall be defined to include the real estate and all improvements thereon. seller agrees to convey to buyer or to buyer ’ s designated grantee, the real estate with the approximate lot size or acreage of 63. 69 acres more or less commonly known as : northwest corner il route 20 and church road illinois address state zip mchenry county permanent index number ( s ) of real estate mchenry county permanent index number ( s ) of real estate mchenry county 3. purchase price ; purchase price of $ 6, 750. 00 per acre shall be paid as follows : initial earnest money of $ 10, 000 by _ _ x check, cash, or ( note due on,, 20 ) to be increased to a total of $ 50, 0000 by october 1, 2014. 20. the earnest money and the original of this contract shall be held by the listing company, as “ escrowee ”, in trust for the mutual benefit of the parties. the balance of the purchase price, as adjusted by prorations, shall be paid at closing by wire transfer of funds, or by certified, cashier ’ s, mortgage lender ’ s or title company ’ s check ( provided that the title company ’ s check is guaranteed by a licensed title insurance company ). 4. direction to escrowee : in every instance where this contact shall be deemed null and void or if the contact may be terminated by either party, the following shall be incorporated by reference : “ the earnest money shall be refunded to the buyer upon written notice of the parties to the “ escrowee ”. 5. mortgage contingency : this contract is contingent upon buyer obtaining a firm written mortgage commitment ( except for matters of title and survey or matters totally within buyer ’ s control ) on or before october 31, 2014 for a ( choose one ) x fixed adjustable : ( choose one ) conventional other loan of $ 65 % loan to value or such lesser amount as buyer elects to take, plus private mortgage insurance ( pmi ), if required. the interest rate