Sales Contract

Transfer Agreement and Record (TAR)

Whereas Artist has created that certain Work of Art (the Work):

Whereas the parties want the Artist to have certain rights in the future economics and integrity of the Work, the parties mutually agree as follows:

1. Sale: Artist hereby sells the Work to Purchaser at the agreed value.

2. Reproduction rights: Artist retains all copyrights and reproduction rights.

3. Retransfer: If Purchaser (or representative of his/her estate) in any way whatsoever sells, gives, or trades the Work, or if it is inherited from Purchaser, or if a third party pays compensation for its destruction, Purchaser (or representative of his/her estate) must notify the Artist of all conditions of said action(s) and provide the Artist with complete information relating to the new owner, if applicable.

4. Non-Destruction: Purchaser will not permit any intentional destruction, damage or modification of the Work.

5. Restoration: If the Work is damaged, Purchaser will consult Artist before any restoration and must give Artist first opportunity to restore it, if practicable.

6. Upon request Artist will furnish Purchaser and his successors a written history and provenance of the Work, based on Artist's best information.

7. Notice of Exhibition: Before committing the Work to a show, Purchaser must give Artist notice of intent to do so, telling Artist all the details of the show that Purchaser then knows.

8. Artist's Exhibition: Artist may show the Work for up to 60 days once every 5 years at a non-profit institution at no expense to Purchaser, upon written notice no later than 120 days before opening and upon satisfactory proof of insurance and prepaid transportation.

9. Notice: A Notice must be permanently affixed to the Work, warning that ownership is subject to this contract.

10. Transferees Bound: If anyone becomes the owner of the Work, that person shall be bound to all its terms as if he had signed this contract (TAR).

11. Expiration: This contract binds the parties, their heirs and all their successors in interest, and all Purchaser's obligations are attached to the Work and go with ownership of the Work, all the life of the Artist and Artist's surviving spouse.

12. Attorney's Fees: In any proceeding to enforce any part of this contract, the aggrieved is entitled to reasonable attorney's fees in addition to any available remedy.