Option to creditor to purchase, with trust agreement for operation of business. This contract made this _________ day of _________[date], by and between _________, a corporation existing under the laws of the State of _________, called company, and _________ of _________, called creditor, in consideration of the premises, provides that: 1. Creditor will pay all indebtedness of company to _________ Bank of _________, and company will repay creditor in full for doing so, with interest at the rate of _________ percent per annum on the unpaid balance of the principal until payment in full. 2. Creditor will have an option to purchase all property of company within _________ days of a bona fide offer of purchase, upon the terms and conditions in that offer. This option will continue during the duration of the trusteeship established below. 3. Company, upon payment by creditor of company's indebtedness to bank, will cause all business and property of company to be transferred to _________ as trustee to operate it, make all decisions as to purchases, sales, salaries, wages and all matters, and apply net profits after paying all expenses, taxes, charges and _________, and after paying to himself [herself] [itself] a salary [commission] of _________, to payment of company's indebtedness to creditor. The trusteeship shall continue until payment of company's indebtedness in full. 4. Upon payment of all indebtedness of company to creditor and at the request of company and creditor, trustee will reconvey the property of company to company. 5. Trustee by signing this agreement accepts the trust provided for upon the terms and conditions stated. 6. Neither creditor nor trustee, but only company and its business and property, shall be liable for debts contracted and liabilities incurred in the conduct of company's business during the trusteeship or at any other time, and company will save creditor and trustee or either of them harmless from any such indebtedness or liability, and at the time of the execution of this agreement will furnish them with a bond, with _________ and _________ as sureties, to indemnify them against any and all such indebtedness or liability, past, present or future.