THIS AGREEMENT made and entered into on June 10, 2003, by and between TURN-KEY FINANCIAL BUILDERS, INC.
(hereinafter referred to as CONTRACTOR) and CITIZENS NATIONAL BANK (hereinafter referred to as OWNER).
That the CONTRACTOR, for the consideration hereinafter fully set out, hereby agrees with the OWNER as follows:
That the CONTRACTOR shall furnish all the materials and perform all of the work in the manner and form as provided in
the General Conditions of the Contract, Accepted Proposal and Drawings and Specifications.
That the CONTRACTOR shall commence the work to be performed under this Agreement as soon as practicable after
Contract has been signed and shall fully complete all work hereunder within as short a time as conditions affecting the
work will permit.
The OWNER hereby agrees to pay the CONTRACTOR for the faithful performance of this Agreement, subject to
additional and deductions as provided for in the Specifications or Proposal, as follows:
The full sum of: Nine Hundred Forty Three Thousand Nine Hundred Sixty Four Dollars ($943,964).
4. On or before the tenth of each calendar month, OWNER shall make partial payment to the CONTRACTOR on the basis of a
properly prepared estimate of the work performed during the preceding calendar month by CONTRACTOR, less ten
percent (10%) of the amount of such estimate, which is to be retained by OWNER until all work has been performed strictly
in accordance with this Agreement and until such work has been accepted by OWNER.
5. Upon the submission by CONTRACTOR of evidence satisfactory to OWNER that all payrolls, material bills, and other
costs incurred by CONTRACTOR in connection with the construction of the wok having been paid in full, final payment
on account of this Agreement shall be made within ten (10) days after the completion by CONTRACTOR of all work
covered by the Agreement and the acceptance of such work by OWNER.