SELLER'S AGREEMENT TO REPURCHASE
Seller agrees that it will, at any time, upon
receipt of a written request from Buyer, repurchase any of the following
classes of goods sold by Seller to Buyer:
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which are unused (except as they may be displayed
for sale) and in the original shipping containers, at a price equal to ________
percent (______%) of the original invoice price less return freight and
shipping charges to Seller's warehouse at ____
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The Buyer may, without notice to Seller, assign his
right to require the repurchase of all or any goods to any bank, finance
company or other financier to whom any security interest in the goods, or any
of them, may be granted, and in any such event, Seller will not assert against
any such bank, finance company or other secured party, any right of set-off,
recoupment or counterclaim which may now exist or hereafter arise under or by
virtue of any transaction between Seller and Buyer.
Seller shall not be obligated to repurchase any
goods under this contract, unless and until it shall have been furnished
assurances which are in its opinion adequate to insure that the goods will be
delivered to Seller free and clear of any and all liens, encumbrances, security
interests, and other claims of third parties to the goods.
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Signature
Date