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SELLERS AND BUYER AGREEMENT OF PURCHASE PRICE <br /> PAYABLE AT CLOSING and RECEIPT <br /> Pursuant to Section 3.1.1 of the Asset Purchase Agreement (the "Purchase Agreement") dated as <br /> of September 20, 2016, between Elk River Municipal Utilities ("Seller) and WH Security, LLC <br /> ("Buyer"), Seller and Buyer hereby set forth a mutually agreeable written statement setting forth <br /> Buyer's and Seller's agreement of the Purchase Price for the Purchased Assets,and the components <br /> thereof,payable by Buyer to Seller at Closing. Capitalized terms not defined herein shall have the <br /> meaning set forth in the Purchase Agreement. <br /> The amount of the Purchase Price due payable at closing is $347,251.96, representing the sum <br /> achieved by the following formula (applied consistent with the requirements of the Purchase <br /> Price): <br /> Purchase Price RMR Multiplier Number of Accounts <br /> 2.1.1 Purchase Accounts <br /> Security Annual $184,467.12 $ 7,686.13 24 361 <br /> Security Monthly $187,572.00 $ 7,815.50 24 386 <br /> Medicals $ 18,050.00 $ 1,805.00 10 76 <br /> $390,089.12 $17,306.63 823 <br /> 2.1.2. Less Prepaids <br /> Security Annual ($47,837.16) <br /> Plus Inventory $5,000.00 <br /> Net Purchase Price Payable At Closing September 30,2016: $347,251.96 <br /> Seller hereby acknowledges receipt of the Net Purchase Price Payable at Closing <br /> %/1/ <br /> ELK RIVER MUNICIPAL UTILITIES <br /> Dated: ', , ,2016 By: <br /> Its: Geovi vac' 044<vtcc `� V <br /> WH SECURITY, LC <br /> By: fly <br /> Its: 1 '#1 <br /> 126 <br />