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                             CHOU'S CONSOLIDATED ENTERPRISES, INC.

                                                                         42-03 162nd Street Flushing, NY 11358

                                                                        Tel: (718) 353-8818     Fax: (718) 353-0988

                                                                 SALES AGREEMENT

  Date: ___________________

  Received from _________________________________________________________  purchaser

  Residing at ________________________________________________________________________

  The sum of _________________________________________________________  ($                       )

  As deposit on account of the purchase price of  located at ___________________________________

  Purchase price is ..............................................................................………………… ($                      )

  PAYABLE AS FOLLOWS :

  Cash on signing more formal contract including amount of deposit ………………........  ($                        )

  Cash on delivery of deed ……………………………………………………………  ($                        )

  TOTAL CASH DOWN PAYMENT ……………………………………………….. ($                        )

  Subject to the purchaser being able to secure a mortgage in the amount ……………  ....($                       )

  For 15 to 30 year. With interest at prevailing rate within 45 days of signing contract of sale.

  The above deposit is accepted to Owner's approval of price and term. If owner fails to accept offer. This

  deposit shall be refunded to purchaser. If offer is accepted, usual formal contract, expressing the above terms

  and conditions, shall be signed and delivered by the Seller and Purchaser at the office of the Seller's attorney or

   the office of the broker on or about _______________________________ ,200__

   at _________________________  . The  deed shall be delivered on or about _______________ , 200___       

   at the office of lending institution.

  Dated  N.Y. ____________________                                    Dated  N.Y. _________________________

  Purchaser :  ____________________                                     Seller :         _________________________

  Purchaser :  ____________________                                     Seller :         _________________________

                                                                                     Deposit received by    _________________________