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'326 <br /> <br /> INVESTMENT RECOVERY SERVICES <br /> "FOR THE MAXIMUM RETURN" <br /> CONTRACT AGREEMENT <br /> <br /> WE THE UNDERSIGNED, DO HEREBY ENGAGE THE SERVICES OF <br /> INVESTMENT RECOVERY SERVICES, 2337 E, LOOP 820 N. #26, FORT <br /> WORTH; TEXAS 76118 HEREINAFTER REFERRED TO AS "IRS") WHO <br /> SHALL HAVE THE SOLE AND EXCLUSIVE RIGHT TO SELL AT PUBLIC <br /> AUCTION;TO THE HIGHEST BIDDER THE MACHINES AND EQUIPMENT <br /> OWNED BY PARIS ECONOMIC DEVELOPMENT CORPORATION <br /> HEREINAFTER REFERRED TO AS "SELLER"), THIS SALE IS TO TAKE <br /> PLACE ON JUNE 18, 1998 AT APPROXIMATELY I0:00 A.M. AND SHALL BE <br /> LOCATED AT SELLER'S ADDRESS. <br /> <br /> IRS HEREBY AGREES TO GUARANTEE THE AMOUNT OF $60,000.00 (SIXTY <br /> THOUSAND DOLLARS & 00/100) FOR ALL MACHINERY AND EQUIPMENT, <br /> ETC. FROM LIST PROVIDED. THE NEXT $20,000.00 (TWENTY TIIOUSAND <br /> DOLLARS & 00/100) SHALL BE RETAINED BY IRS FOR EXPENSES AND <br /> COlvIMI.SSION. ALL AMOUNTS OVER $80,000.00 (EIGHTY THOUSAND <br /> DOLLARS & 00/100) WILL BE SPLIT 70/30 BETWEEN SELLER AND IRS. <br /> (SELLER RECEIVING THE 70%) <br /> <br /> ADVERTISING <br /> <br /> TO INCLUDE: APPROXIMATELY 8,000 BROCHURES AND PLACE ADS IN <br /> TRADE JOURNALS, NEWSPAPER AND OTHER APPROPRIATE PUBLICATIONS. <br /> <br /> LABOR: <br /> <br /> IRS AGREES TO.BE RESPONSIBLE FOR THE CLEANING OF ALL MACHINERY <br /> AND EQUIPMENT. IRS WILL ALSO BE RESPONSIBLE FOR THE S ETTING UP, <br /> LOTTING OF EQUIPM'flNT AND TRASH RE.MOVAL, AS WELL AS CHECK-OUT. <br /> <br /> <br /> IRS .WlLL HANDLE ALL FACETS OF THE AUCTION SALE INCLUDING, BUT <br /> NOY LIMITED TO THE FOLLOWING: <br /> <br /> httn://irsauctlon.com <br /> <br /> AUCTIONEERS , A P P R A I S E R S_ C O N S U LT A NTS <br /> <br /> <br />