offer to purchase to : ferme pillar hill enr. to : ferme pillar hill enr. to : ferme pillar hill enr. 606 chemin cote saint - georges saint - telesphore, quebec j0p 1y0 attention : david mckay dear sirs : we, the undersigned, pharmathene canada, inc. ( the “ vendor ” ) offer to sell to ferme pillar hill enr. ( the “ purchaser ” ), all of the vendor ’ s right, title and interest in the real and immovable property comprised of ( i ) a farm land as described in schedule “ a ” attached hereto together with any immovables located thereon including those bearing civic numbers 320 chemin saint - georges and 210 chemin sainte - anne, in the city of saint - telesphore, province of quebec ( the “ quebec property ” ) and ( ii ) the land described in schedule “ b ” attached hereto ( the “ ontario property ” ) ( the quebec property and the ontario property being collectively referred to herein as the “ property ” ). the purchaser also agrees to purchase from the vendor the movables as per schedule “ c ” attached hereto, which shall be included in the purchase price. article 1 purchase price the purchase price of the property will be a total of one million eight hundred thousand canadian dollars ( $ 1, 800, 000 ) subject to adjustments in accordance with the terms hereof ( the “ purchase price ” ), paid as follows : 1. 1the amount of one hundred thousand dollars ( $ 100, 000 ) ( the “ deposit ” ) by certified cheque or wire transfer to the order of michel leroux notary ( the “ purchaser ’ s legal counsel ” ), in trust, which shall be applied on account of the purchase price at closing ( as hereinafter defined ) or otherwise dealt with as hereinafter provided. 1. 1the amount of one hundred thousand dollars ( $ 100, 000 ) ( the “ deposit ” ) by certified cheque or wire transfer to the order of michel leroux notary ( the “ purchaser ’ s legal counsel ” ), in trust, which shall be applied on account of the purchase price at closing ( as hereinafter defined ) or otherwise dealt with as hereinafter provided. 1. 1 the amount of one hundred thousand dollars (