Adapti Inc (ADTI)

[pro-trader]

2. Buyer will purchase RE from Seller for $700,000 ("Purchase Price") payable at Closing.

3. At Closing, Buyer shall convey a 10% net profits interest ("NPI") in the Property to an individual or company designated by James R. Renfro. Calculations for the definition of net profit shall not be burdened with any capital expenditure or drilling, completion, and facility costs but solely related to hydrocarbon sales and direct lease operating expenses associated on a per well and not project basis.


http://www.sec.gov/Archives/edgar/data/1420924/000109635011000053/wx99one.htm