|Dr. Aylana Engstrom|
|Cosmia Real Estate|
|LOCATION & SIZE OF PREMISES:||The Commercial Property located on Deck Two, Terminus Stations, Penglai System consists of approximately 4,700 Square Feet. Legal description shall be provided in escrow.|
|BUYER:||Han Kang-jun, Takumi Jiro|
|PURCHASE PRICE:|| $10,810,000 ($2,300 per Square Foot)|
|DEPOSIT:||Upon opening of escrow, Buyer shall deposit $350,300 credits made payable to the escrow company which can be deposited into an interest-bearing account where all interest credited to the Buyer.|
|ESCROW & TITLE COMPANY:||The escrow shall be Terminus Escrow Inc. located on Deck One, Terminus Station, Penglai System (the “Escrow Holder”) with Athena Kinton as Terminus Escrow Inc.’s representative. Buyer and Seller shall pay their own customary closing costs.|
Within 45 business days of mutual acceptance of this proposal, Buyer and Seller shall execute the Agreement and Escrow Instructions for Purchase of Commercial Real Estate. Opening of escrow shall be the date escrow is in receipt of the fully executed purchase & sale agreement document.
Within 30 business days after opening of escrow, Seller shall provide all due diligence information in its possession to Buyer.
Escrow shall close 20 days after Buyer’s Waiver of Contingencies.
|INSPECTION PERIOD:||Buyer's obligation to purchase the property is subject to Buyer's performing its due diligence with respect to the property to its satisfaction within 30 days from opening escrow.|
A. The preliminary title report and the Covenants, Conditions & Restrictions.
B. The physical condition of the property. Buyer shall be given access to the property and may inspect the physical conditions of the roof, heating and air conditioning systems, electrical, foundation, plumbing and all other systems or structures with respect to the physical condition of the property as Buyer may desire.
C. Buyer shall conduct its own inspect for the existence of possible hazardous or deleterious substances, underground storage tanks and amphiboles on the subject property.
D. Seller shall provide all available historical information on the building which Seller has in his possession including updated blueprints of the building.
E. In the event of Buyer's disapproval of any of the items above, Buyer shall at Buyer's sole discretion, notify escrow of cancellation of escrow and escrow shall refund deposit to Buyer, less any ordinary escrow costs.
F. In the absence of any written disapperoval to Escrow Holder within 30 days of opening escrow, the contingencies above shall be deemed approved and satisfied by Buyer and Buyer's deposit shall become non-refundable.
|CLOSING COSTS, CREDITS & PRORATIONS:||Seller will pay for the cost of documentary transfer cost. The Escrow Holser shall be paid one half by Buyer and one half by Seller. Real Property Taxes, payments on bonds, and assessments, owner associate dues and fees, and changes of any service contracts being assumed by Buyer and any other items requiring prorations will be prorated by Escrow Holder as of the close of escrow. All other costs will be allocated between Buyer and Seller in accordances with usual and customary practice of Terminus Station.|
|FINALIZATION OF ESCROW INSTRUCTION & PURCHASE AND SALE AGREEMENT:||The terms set forth in this proposal are essentially satisfactory to the Buyer; however, any escrow instructions must contain terms and conditions satisfactory to both parties. This proposal represents a non-binding proposal and no party shall have the right to institute any legal action with respect to the transaction described herein. Any understand between the parties shall only be deemed to have been reached when escrow instructions containing all the applicable terms and conditions related to the transaction have been executed by both parties and are acceptable to their respective legal council.|
|BROKERS:||Cosmia Real Estate, representing the Buyer and Corsair Real Estate, representing the Seller, respectively, shall be compensated per separate commission agreements.|
|EXCLUSIVITY:||Until such time as the purchase agreement has been signed between Buyer and Seller, Seller will not continue to market the property, solicit buyers for the property, or entertain and negotiate back-up purchase offers for the property.|
|LETTER OF INTENT EXPIRATION:||This proposal shall remain valid until November 1, 2658.|
|43 Metric Tons of Assorted Medical Supplies to be delivered to the Hospital, with limited excess being tranisted to Janitorial and the Exchange.|
|FOODSTUFFS||24 Metric Tons to be delivered to various points throughout the station, including the Cafeteria, Space Bar, Sweet Sparks, Vending Services, and the Exchange.|
|FUEL||26 Metric Tons of Fuel to be delivered to Engineering.|
|SUNDRIES||30 Metric Tons of Sundries (clothing, containers, knick-knacks, etc.) to be delivered to A.C.E. oufitters and the Exchange with excess to be contained within Storage.|