Blum Holdings Inc (BLMH)

[coinsguy]

The actual sale was a barter transaction. In exchange for ownership of the land, he was given a percentage ownership in Medifarm. The value of that barter transaction was $344k, not the $10 stated in the Grant, Bargain, and Sale Deed. It was not a gift.

A peppercorn is also used in more balanced contracts, where one side wishes to conceal the nature of their payment. For example, since real estate contracts are generally matters of public record, the purchaser of a house may not wish to list the exact amount of the payment on the contract. But there must be some specific payment listed in the contract, or the contract will be considered void for lack of consideration.