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Subsequent Events
6 Months Ended
Jan. 24, 2015
Subsequent Events

8. Subsequent Events

On February 24, 2015, the Company and Tyngsborough Commons entered into an amendment to the Purchase Agreement providing for, among other things, an extension of the closing date to on or before March 27, 2015, subject to the satisfaction or waiver of the conditions contained in the Purchase Agreement, and for Tyngsborough Commons to deposit an additional $100,000 with the escrow agent to be credited to the purchase price at closing. The terms of the Purchase Agreement, as amended, provide that in the event that Tyngsborough Commons defaults on its obligation to complete the transaction, the Company will retain the entire amount of the deposits. As of February 26, 2015, amounts totaling $300,000 have been deposited with an escrow agent as nonrefundable deposits to be credited to the purchase price at closing.