HomeMy WebLinkAbout02-23-17-2e - Resolution - 02/23/2017 RESOLUTION NO. 02-23-17-2e
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, CONSENTING TO THE CITY COUNCIL OF THE CITY OF BRYAN
PROVIDING ECONOMIC DEVELOPMENT INCENTIVES TO A BUSINESS PROSPECT
LOCATED IN THE JOINT RESEARCH VALLEY BIOCORRIDOR DEVELOPMENT
PROJECT.
WHEREAS, the City of College Station, Texas, and the City of Bryan, Texas entered into an
agreement (ILA) which sets forth the understandings and obligations of the Cities with respect to
certain infrastructure projects and a joint economic development program known as the Joint
Research Valley BioCorridor Development Project; and
WHEREAS, the promotion of the expansion of existing businesses within the Cities and the
recruitment of new business enterprises to the Cities will promote economic development,
stimulate commercial activity, generate additional sales tax and will enhance the property tax base
and economic vitality of the Cities; and
WHEREAS, the ILA requires joint approval of all economic development incentives to business
prospects or development within the Joint Research Valley BioCorridor Development Project;
now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the City Council hereby consents to the City Council of the City of Bryan
providing economic development incentives to ViaSat,Inc. as shown in Exhibit A
(attached).
PART 2: That the City Council's consent in this Resolution shall serve as written approval
for the purposes of the ILA.
PART 3: That this resolution shall take effect immediately from and after its passage.
ADOPTED this 23' day of February,A.D. 2017
ATTEST: APPROV D:
City Secre94 A . OR
APPROVED:
City Attorney
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 2 of 33
CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE
CITY OF BRYAN AND VIASAT,INC.
This Chapter 380 Economic Development Agreement (this "Agreement") is entered into by and
between the CITY OF BRYAN, TEXAS, a home-rule municipal corporation organized under the
laws of Texas (hereinafter referred to as "CITY"), and VIASAT, INC., a Delaware corporation
(hereinafter referred to as 'COMPANY").
WHEREAS, CITY is authorized and empowered under applicable Texas laws pertaining to economic
development to aid in the development of commercial enterprises and redevelopment projects within
the geographic boundaries of CITY and its extraterritorial jurisdiction by offering economic and other
incentives to prospective new, developing and expanding businesses pursuant to TEXAS LOCAL
GOVERNMENT CODE,Chapter 380; and
WHEREAS, CITY desires to stimulate business and commercial activity in the Research Valley
Biocorridor (hereinafter referred to as the "Biocorridor") located in both the cities of Bryan and College
Station under the Joint Research Valley Biocorridor Development Project; and
WHEREAS, CITY actively seeks economic development prospects in the Biocorridor through
participation in and establishment of an economic development program; and
WHEREAS, COMPANY is purchasing property located within the Biocorridor to have
developed commercially for its use as a research and manufacturing site; and
WHEREAS, CITY and the City of College Station entered into an Interlocal Cooperation and Joint
Development Agreement on December 15, 2011 (hereinafter referred to as the "Joint Agreement"), in
which the two cities agree to revenue share an amount equal to certain portion of ad valorem tax
revenue assessed and collected against real property, improvements and tangible personal property
developed in the Biocorridor; and
WHEREAS, CITY considers COMPANY to be a qualified economic development prospect under
the Joint Agreement that will add capital investment, create new jobs in the community,
promote local economic development and stimulate business and commercial activity,thus furthering the
objectives of the City and its economic development program; and
WHEREAS, in consideration of COMPANY's operation of its business within the Biocorridor and in
accordance with the performance measures set forth herein, CITY agrees to grant to COMPANY
incentives as set out herein; and
WHEREAS, to ensure that the benefits CITY provides under this Agreement are utilized in a manner
consistent with TEXAS LOCAL GOVERNMENT CODE, Chapter 380 and other law, COMPANY
agrees to comply with certain conditions for receiving those benefits, including conditions relating to
property development,job creation and business operations; and
WI-IEREAS, as of December 31, 2015, COMPANY had approximately 130 full-time employees
in the State of Texas, and COMPANY's calendar year 2015 payroll reported to the Texas Workforce
Commission for all full-time employees (some of whom were hired during 2012)was $7,600,000.00;
and
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 3 of 33
NOW, THEREFORE, for and in consideration of the premises and mutual covenants and promises
hereinafter set forth, CITY and COMPANY (each a "Party," collectively, the "Parties") represent and
agree as follows:
Article I
Definitions
Wherever used in this Agreement,the following terms shall have the meanings ascribed to them:
"Affiliate" means any person or entity which directly or indirectly controls, is controlled by or is
under common control with COMPANY, during the term of such control. A person or entity will be
deemed to be "controlled" by any other person or entity if such other person or entity (a) possesses,
directly or indirectly, power to direct or cause the direction of the management of such person or
entity whether by contract or otherwise; (b) has direct or indirect ownership of at least fifty percent
(50%) of the voting power of all outstanding shares entitled to vote at a general election of directors
of the person or entity; or (c) has direct or indirect ownership of at least fifty percent (50%) of the
equity interests in the entity.
"Base Year Taxable Value" shall mean the Taxable Value for the Property for the year in which this
Agreement is executed.
"Cash Incentive" shall mean that amount of money to be reimbursed annually by CITY to COMPANY as
a grant herein calculated upon a percentage of ad valorem taxes assessed for a specified year for the
Property,Improvements and Tangible Personal Property in accordance with the terms of this Agreement.
"Completion of Construction" shall mean: (i) substantial completion of the Improvements; and (ii) a
final certificate of occupancy has been issued for the all of the Improvements.
"Effective Date" shall mean the date upon which this Agreement is fully executed by all Parties,
unless the context indicates otherwise.
"FTE" shall mean any person who is an employee of COMPANY or an Affiliate(excluding temporary or
seasonal employees) who is on the payroll in a budgeted position and has an officially scheduled work
week of thirty-five (35) hours or more, works at the Property for COMPANY, and who according to
COMPANY or Affiliate COMPANY policy is entitled to full benefits as a full-time employee.
"First year of Cash Incentive(s)" shall mean the first calendar year immediately following the date of
Completion of Construction.
"Force Majeure" shall mean any contingency or cause beyond the reasonable control of a Party
including, without limitation, acts of God or the public enemy, war, riot, civil commotion,
insurrection, adverse weather, government or de facto governmental action (unless caused by acts or
omissions of such Party), fires, explosions or floods, strikes, slowdowns or work stoppages.
"Gross Payroll" shall mean the sum of the payroll numbers that COMPANY or an Affiliate reports to
the Texas Workforce Commission quarterly for FTEs for the four preceding consecutive calendar
quarters ending on or prior to a date of measurement under this Agreement.
"Improvements" shall mean the approximately 85,000 square foot facility to be constructed on the
Property and other ancillary facilities such as reasonably required parking and landscaping all
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 4 of 33
together, which shall include a new real and personal property investment of twenty
million dollars ($20,000,000) at time of completion and have a minimum Brazos County
Central Appraisal District Property Valuation of fifteen million dollars($15,000,000)by January 1, 2019,
and as depicted in Exhibit "A"attached hereto and made a part hereof.
"Property" means the real property comprised of approximately 8.6 acres more or less and as
depicted in Exhibit "A", not including any improvements constructed on such real property.
"COMPANY" shall mean ViaSat, Inc., a Delaware Corporation qualified to do business in the state of
Texas.
"Premises" shall mean collectively, the Property and Improvements following construction thereof, but
excluding the Tangible Personal Property.
'Tangible Personal Property" shall mean tangible personal property, equipment and fixtures,
excluding inventory and supplies, owned or leased by COMPANY that is added to the Improvements
subsequent to the execution of this Agreement.
"Taxable Value" means the appraised value as certified by the Brazos Central Appraisal District as
of January 1st of a given year.
Article II
General Provisions
2.1 All of the above premises are hereby found to be true and are hereby approved and copied into
the body of this Agreement as if copied in their entirety.
2.2 COMPANY covenants and agrees that it will construct the Improvements, and operate and
maintain its business on the Premises as set forth in this Agreement, and for the time period and manner
as set forth herein.
Article in
COMPANY Obligations
3.1 Construction of Improvements. Subject to events of Force Majeure, construction of the
Improvements on the Property must commence no later than January 31, 2017 (the "Start Date"), and
COMPANY shall notify the CITY of such Start Date. There shall be Completion of Construction, and all
necessary occupancy permits from. the City shall have been issued and COMPANY shall be fully
operational as set forth below in Section 3.2 by no later than April 30,2018.
3.2 Occupancy. The COMPANY or an Affiliate of COMPANY must continuously occupy and use
the Improvements commercially as an administrative and network operations center including customer
support (i.e. billing and technical), engineering, warehouse and/or other functions relating to
COMPANY's global technology communications business commencing upon Completion of
Construction and for each year for which there is a Cash Incentive.
3.3 Jobs Created. COMPANY currently employs 130 FTEs. By the end of the second year
following Completion of Construction of the Improvements, COMPANY agrees that it will have created
a minimum of 150 new FTEs with an average annual salary of sixty-four thousand five hundred dollars
($64,500) per job, for a minimum total of 280 FTEs, which COMPANY agrees to have and maintain on
the Premises for a total of five years from the date of Completion of Construction of the Improvements
throughout the term of this Agreement. In addition to the current annual payroll of seven million six
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 5 of 33
hundred thousand dollars ($7,600,000), COMPANY agrees that by the end of the second year following
Completion of Construction of the Improvements, it will increase the annual payroll by nine million six
hundred thousand dollars ($9,600,000) for a total annual payroll of seventeen million two hundred
thousand dollars ($17,200,000) according to the Texas Workforce Commission records for full time
employees of COMPANY at the Premises. This payroll increase must be achieved and maintained in
conjunction with the creation and maintenance of jobs as recited herein.
3.4 COMPANY Reimbursement and waiver of Cash Incentives.
a. If COMPANY does not have timely Completion of Construction and/or fails to occupy the
Premises in accordance with Sections 3.1 and 3.2 of this Agreement, COMPANY agrees to reimburse
CITY the cash value of all Fee Waivers the CITY has provided to the COMPANY hereunder excluding
any reimbursement payments previously made by the COMPANY. The COMPANY shall also
reimburse the CITY for any and all reasonable attorney's fees and costs incurred by the CITY as a result
of any action required to obtain reimbursement of funds. Such reimbursement shall be due and payable
120 days after the COMPANY receives written notice of default accompanied by copies of all applicable
invoices.
b. COMPANY herein waives payment of any Cash Incentives for any year in which it fails to
continuously have, operate and maintain the Improvements in accordance with this Agreement, including
maintaining the minimum required appraised value, FTEs, operating in the manner represented herein,
and being and staying operational and to reimburse CITY for any Cash Incentives made in contravention
of the terms of this Agreement.
3.5 Reporting Requirement.
(1)While this Agreement is in effect, annually within 60 calendar days following the anniversary
date of the Effective Date of this Agreement, the COMPANY will certify to the CITY that it has
complied with the terms of this Agreement and provide sufficient written information, records, and
documents,to support its certification of compliance. Additionally, COMPANY agrees to report whether
the required jobs to be created and maintained in accordance with this Article have been met by the end of
the second year following Completion of Construction of the Improvements, and every year thereafter
that this Agreement is in effect, as certified by a Certified Public Accountant at COMPANY's expense,
and signed by a legally authorized executive of the COMPANY.
(2) COMPANY further agrees to provide documentation, including, but not limited to, Texas
Workforce Commission quarterly reports, demonstrating that COMPANY met the employment and
job creation targets for the preceding year when required.
(3) Upon the City's written request, the COMPANY will promptly provide to the City any
additional information reasonably necessary for the City to determine if the COMPANY has complied
with this Agreement.
(4)The COMPANY will allow the City reasonable access to the Property during regular business
hours to inspect the Property and Improvements to verify that COMPANY is complying with the terms of
this Agreement.
3.6 Compliance with applicable law. The Property and the Improvements constructed thereon at all
times shall be constructed, operated and used in the manner (i)that is consistent with CITY's Code of
Ordinances, as amended, including its Uniform Development Code; (ii) that is in accordance with all
applicable state and local laws, codes, and regulations; and (iii)that, during the period Cash Incentives
are provided hereunder, is in accordance with the Joint Agreement and consistent
with the general purposes of encouraging development or redevelopment within the Biocorridor.
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 6 of 33
3.7 Ownership. COMPANY agrees to have it or one of its Affiliates continuously occupy and
conduct operations on the Premises for a period of at least seven (7)years from the Effective Date in the
manner set forth in this Agreement. COMPANY may sell, assign or otherwise transfer the Property to a
third party to develop and/or to act as landlord of COMPANY. In such event CITY consent shall not be
required provided COMPANY continues to occupy and operate the Premises within the time and in the
manner as set forth in this Agreement.
3.8 Disclosure Requirements. When applicable, COMPANY agrees to comply with all applicable
disclosure requirements, including those under Section 2252.908 Texas Government Code when entering
into a contract that requires approval of the governing body of the CITY unless falling within certain
exceptions, and Chapter 176 Texas Local Government Code for vendor disclosure requirements for
certain business relationships with local government officers or their family members.
Article IV
CITY's Obligations
4.1 Fast Tracking. CITY agrees to expedite by fast tracking the process for COMPANY to obtain
any and all necessary CITY permits related to the Improvements.
4.2 Cash Incentive.
a. Subject to the terms and conditions of this Agreement, and provided that the combined
Taxable Value for the Improvements, Property and Tangible Personal Property is at least Fifteen
Million Dollars ($15,000,000.00) additional value above Base Year Taxable Value b e g inning
January 1st following the First Year of Cash Incentives and as of January 1st of each year thereafter
this Agreement is in effect, CITY hereby grants an annual Cash Incentive to COMPANY in the
following amounts expressed as a percentage of the Shared Revenue (as that term is defined in the Joint
Agreement) actually received by City from the City of College Station for the Property described in
Exhibit"A".
Year Annual Cash Incentive
First Year of Cash Incentives 80%
Year 2 60%
Year 3 40%
Year 4 30%
Year 5 20%
Year 6 10%
b. The total amount of Cash Incentive will in no event exceed a cumulative total of forty-three
thousand two hundred dollars ($43,200.00), at which time CITY's obligation to grant Cash Incentives to
COMPANY ends.
c. CITY will remit the annual Cash Incentive to COMPANY no later than March 31" following
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 7 of 33
the First Year of Cash Incentive COMPANY meets all the requirements entitling it to such payment.
d. During the period of the Cash Incentives herein authorized, COMPANY shall be subject to all
taxation, including but not limited to, sales tax and ad valorem taxation; provided this Agreement does
not prohibit COMPANY from claiming any exemptions from tax provided by applicable law.
4.3 Right to offset. CITY may, at its option, offset any amounts due and payable under this
Agreement, including Cash Incentive payments, against any debt (including taxes) lawfully due to
CITY from COMPANY, regardless of whether the amount due arises pursuant to the terms of this
Agreement or otherwise, and regardless of whether or not the debt due CITY has been reduced to
judgment by a court; provided, however (i) CITY shall provide COMPANY notice within thirty (30)
calendar days of determining that any debt is believed lawfully due to CITY from COMPANY; (ii)
COMPANY shall have an opportunity to resolve or pay such debt to CITY within thirty (30)
calendar days after receipt of notice before any offset to amounts payable under this Agreement may
occur; and (iii) COMPANY retains all rights to timely and properly contest whether or in what amount
any debt is owed to CITY, and CITY may not offset any asserted amount of debt owed by
COMPANY against amounts due and owing under this Agreement during any period during which
COMPANY is timely and properly contesting whether such amount of debt is due and owing.
Article V
Conditions Precedent
5.1 CITY's obligations under this Agreement are contingent upon the purchase of the Property by the
COMPANY or its assignee who will act as COMPANY's landlord for the Property, by December 31,
2016, in accordance with that one certain Purchase and Sale Agreement a copy of which is attached
hereto and made a part hereof marked as Exhibit "B." Likewise, COMPANY's obligations under this
Agreement are contingent upon its purchase of the Property.
5.2 This Agreement is conditioned upon the City of Bryan approving this Agreement as required under
the Joint Agreement. Furthermore, the Cash Incentive set forth in this Agreement is contingent upon the
City of College Station approving a similar Economic Development Agreement that is approved by the
Bryan City Council.
Article VI.
Term
6.1 Term. The term of this Agreement shall begin on the Effective Date and shall continue until
December 31, 2024,unless terminated sooner pursuant to the terms of this Agreement.
6.2 This paragraph is required by Chapter 2264, Tex. Gov. Code and governs over any conflicting
provisions of this Agreement. The COMPANY will not knowingly employ undocumented workers as that
term is defined in Section 2264.001,Tex. Gov. Code. If the COMPANY is convicted of a violation under
8 U.S.C. Section 1324a (f), the conviction is a breach of this Agreement and the City Manager of the
CITY will send COMPANY written notice that the COMPANY has violated this paragraph and that the
Agreement terminates 30 calendar days from the date of the notice.
Article VII
Default
7.1 If COMPANY defaults in any term or condition of this Agreement, then CITY shall not be
obligated to provide Fee Waivers or Cash Incentives for that year in which the default occurred.
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 8 of 33
7.2 CITY shall give to COMPANY notice of any default. To the extent a default may be cured,
COMPANY shall have the right, but not the obligation, to cure the default within thirty (30) calendar
days of receiving written notice from CITY. Ifthe default cannot reasonably be cured within a thirty
(30) day period, and COMPANY has diligently pursued such remedies as shall be reasonably
necessary to cure such default, then CITY shall extend for a reasonable additional length of time the
period in which the default must be cured. If COMPANY fails to cure the default within the time
provided as specified above or, as such time period may be extended,then CITY at its sole option shall
have the right to terminate this Agreement with respect to COMPANY, by written notice to
COMPANY.
7.3 It is further understood and agreed by the parties that if COMPANY is convicted of a violation
under 8 U.S.C. Section 1324a (f), COMPANY will reimburse CITY the full amount paid to the
COMPANY pursuant to this Agreement, with interest at the rate equal to the 90 day Treasury Bill plus
14%(.005)per annum,within 120 days after the CITY notifies the COMPANY of the violation.
7.4 The COMPANY's obligation to reimburse the CITY payments made to COMPANY if the
COMPANY breaches this Agreement survives termination of this Agreement.
7.5 It is understood and agreed by the parties that, in the event of a default by the CITY on any of its
obligations under this Agreement,the COMPANY's sole and exclusive remedy shall be limited to either
i)the termination of this Agreement, or ii)a suit for specific performance.
Article VIII
Miscellaneous
8.1 Notice. Any notice required or permitted to be delivered hereunder shall be deemed received
three (3) calendar days thereafter sent by United States Mail, postage prepaid, certified mail, return
receipt requested, addressed to the Party at the address set forth below or on the day actually
received as sent by courier or otherwise hand delivered:
If intended for CITY,to: With a copy to:
Attn: City Manager Attn: City Attorney
CITY OF BRYAN,Texas CITY OF BRYAN, Texas
P.O.Box 1000 P.O. Box 1000
Bryan,Texas 77805 Bryan,Texas 77805
If intended for COMPANY,to:
Attn: Director of Real Estate
ViaSat,Inc.
6155 El Camino Real
Carlsbad, CA 92009
8.2 Severability. In the event any section, subsection, paragraph, sentence, phrase or word herein is
held invalid, illegal or unconstitutional, the balance of this Agreement shall stand, shall be enforceable,
and shall be read as if the Parties intended at all times to delete said invalid section, subsection,
paragraph, sentence,phrase or word.
8.3 Governing Law. This Agreement shall be governed by the laws of the State of Texas without
regard to any conflict of law rules. Exclusive venue for any action under this Agreement shall be the
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 9 of 33
State District Court of Brazos County, Texas. The Parties agree to submit to the personal and subject
matter jurisdiction of said court.
8.4 Counterparts. This Agreement may be executed in any number of counterparts, each of which
shall be deemed an Original and constitute one and the same instrument.
8.5 Entire Agreement. This Agreement embodies the complete agreement of the Parties hereto,
superseding all oral or written previous and contemporary agreements between the Parties and relating to
the matters in this Agreement, and except as otherwise provided herein cannot be modified without written
agreement of the Parties to be attached to and made a part of this Agreement.
8.6 Exhibits. All exhibits to this Agreement are incorporated herein by reference for all purposes
wherever reference is made to the same.
8.7 Assignment. This Agreement shall be binding on and inure to the benefit of the Parties to it
and their respective heirs, executors, administrators, legal representatives, successors, and permitted
assigns. This Agreement may not be assigned by COMPANY (except to an Affiliate of the
COMPANY which shall not require prior consent of CITY) without the prior written consent of the
City Manager which consent shall not be unreasonably withheld,conditioned or delayed.
8.8 Amendment. No amendment to this Agreement shall be effective and binding unless and until
it is reduced to writing and signed by duly authorized representatives of CITY and COMPANY.
8.9 Venue and Jurisdiction. Performance and all matters related thereto shall be in Brazos County,
Texas, United States of America,and this Agreement shall be construed in accordance with Texas law.
8.10 Authority to Contract. Each Party has the full power and authority to enter into and perform this
Agreement, and the person signing this Agreement on behalf of each Party has been properly authorized
and empowered to enter into this Agreement. The persons executing this Agreement hereby represent
that they have authorization to sign on behalf of their respective corporations.
8.11 No Debt. Under no circumstances shall the obligations of CITY hereunder be deemed to create
any debt within the meaning of any constitutional or statutory provision; provided,however, CITY agrees
during the term of this Agreement to make a good faith effort to appropriate funds each year to pay
amounts under this Agreement for the then ensuing fiscal year.
8.12 Waiver. Failure of any Party, at any time, to enforce a provision of this Agreement, shall in no
way constitute a waiver of that provision, nor in any way affect the validity of the Agreement, any part
hereof, or the right of the Party thereafter to enforce each and every provision hereof. No term of this
Agreement shall be deemed waived or breach excused unless the waiver shall be in writing and signed by
the Party claimed to have waived. Furthermore, any consent to or waiver of a breach will not constitute
consent to or waiver of or excuse of any other different or subsequent breach.
8.13 Construction. The Parties acknowledge that each Party and its counsel have reviewed and revised
this Contract and that the normal rule of construction to the effect that any ambiguities are to be resolved
against the drafting Party shall not be employed in the interpretation of this Agreement or any
amendments or exhibits hereto.
Exhibits:
Exhibit"A"Legal description of the Property
Exhibit"B"Purchase and Sale Agreement for the Property
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 10 of 33
VIASAT,INC. CITY OF BR
,01
By: By: . --��/
Printed Name: �t7 - A r a- gni (1-t„\s m ,Mayor
Title: P, t'W , Day C'a Cable" Date:
Date: 67- -7-000
ATTEST:
Mary Lynne Stratta,City Secretary
Date: (?.. 1 /(o
APPROVED AS TO FORM:
J is K. Hampton, City Attorney
Date:
A notary public or other officer completing this
certificate verifies only the identity of the
individual who signed the document, to which
this certificate is attached, and not the
truthfulness, accuracy, or validity of that
document.
State of California
County of San Diego
On December g, 2016 before me, Harold R. Randolph, Jr. personally appeared Robert J. Blair, of ViaSat,
Inc., a Delaware corporation, who proved to me on the basis of satisfactory evidence to be the person whose
name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her
authorized capacity, and that by his/her signature on the instrument the person, or the entity upon behalf of
which the person acted,executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS my hand and official seal.
HAROLD R.RANDOLPH JR.
>`.
Commission*2021495
► " `1 Notary Public California
Signature 1 V . (Seal) •w/ San Diego County
Comm.Ex iris r 1
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 11 of 33
EXHIBIT "A"
LEGAL DESCRIPTION OF PROPERTY
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RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 12 of 33
EXHIBIT "B"
REAL ESTATE CONTRACT - EXECUTED
•
TEXAS ASSOCIATION OF REALTORS®
COMMERCIAL CONTRACT-UNIMPROVED PROPERTY
Viso, ?OM eV/ MOM IMO "Mw410,HEMA/RN/OGoTONOfIdM11
LTOf1111A Ause10G
low MI
1. PARTIES;Seller agrees to sell and convey to Buyer the Property described In Paragraph 2.Buyer agrees
to buy the Property from Seiler for the sales price stated In Paragraph 3.The parties to this contract are:
Seller Bryan / Traditions, W
Address.4240 a madi tions DDr. 9nun, TX 73907
Phone: (2511250-0830 E-mail: ealearoatat+tr'ad.tianarealestato.cow
Fax: Other.
Buyer:Viasat, Zan.
Atta: rine Va].lier
Address.6155 al Camino Anal. Carlsbad. CA 92009
Phone: 17201493-6435 E•mell: tine.va1lier9viaeat CQ:n
Fax: Other:
2. PROPERTY:
A. "Property"means that real property situated In ara14ve County,Texas at •
ItIC Perks-Kw
(address)and that is Iega$y descn'bed on the attached Exhibit B or as follows:
8.6 sores
B. Seller will sell and convey the Property together with:
(I)all rights,privileges,and appurtenances pertaining to the Property,Including Seller's right,title,and
Interest In any minerals,utilities,ad(acent streets,alleys,strips,gores,and rights-of-way;
(2)3Seller's Interest In all leases,rents,and security deposits of the Property,and
Seller's Interest n alt licenses end permits related to the Property.
(Describe any exceptions,reservations,or restrictions in Paragraph 12 or an addendum.)
(It mineral rights we to be reserved an appropriate addendum should be attached.)
3. SALES PRICE:
A. At or before closing,Buyer will pay the following sates price for the Property:
(I)Cash portion payable by Buyer at dosing $ 2,247,696.00
(2)Sum of at financing described In Paragraph 4 $
(3)Sales price(sum of 3A(1)and 3A(2)) $ 2.247.696.00
(TAR-1602)1.1.16 NtMNed for ldentfiicaton by Selby ..,_—.end Buyer 3". __ Pape 1 od 13
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RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 13 of 33
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a. ant k Saw POW t No"f?l only.)
o(I)The Mw prloe ell not be eduMlad bared on a surrey.
2(2y(The sake pnra nil be adhered tread at Rn latest sung'obtained under Paragraph 68
Ip(II square bow of a total area ❑ l tree 00 �_.....per.
�Nes is esiaratte ones,basis ref
O (2 acro of U tote area ❑ net area
(b)'T▪iotaluse a tote area tie a land My woo eat M'�P b aha boundaries a Mie Propene,'Nit oral
Cl (4 peNc aeadesyo; aarvloea to the
C300 dplrt001 *Weems ans ohne than Plop that arec6y providuee MY
Property.taxi
CI
(D)If the saline price la a ested by 6800 Plan la 004 %01 Its stalb rater puer,.herr party
may Mmli0ati this manna W prorkkp Wella notice tot*char poly wtein a
atter lw let rdrstina potty ro0etes4 the array.l neither petty ennead*ON centred on lthe
c paean• etto bas then ihe stated prineedect.
the alba pate pay aye onl to the Woo pike eel b model°he
e, PINANCIfip:buyer wit)/snot 1M porlan DI t e sales pilon tally Paragaph 3A(2)as Maar ,
,o A Itad Parte f hard60:Ore or more rad party metol h ted total enema of$
Th(t
o :
(tIn 52tenement
r upon bet t
oteskinp lied petty rnaaonp.
o coMtinaant upon
Buyer atbuktna MYrd park rnartoitp h sccvdarece WO,ata an,vted
CommarGel00raractnowch0Adionaten AR-183I).
n B Yois'�me �'�*ftovpa )
yet ellac:wm �qormenote secured bi TiePraparly,Oathit retina e
l
bee •
❑ C Dellsjletteatt The denary of■promteeay nate and deed of Oust to 5edl:r order Me MOM
of the attached Cwnmerctal Contract Phencha Adderain (TAPAS:ill in the amount of
6 EANMEET NONEY:
A Me tater Perl3 drys atter the effective data,Buyer now depoih$tt.000 00 as aunt=my
wgtt I.er ity rite CaaaaDY iPlq°
xrparyi
err]alt unlraretcr Ps,a.mi. lata.sr T111,10 .0.aa.+....a 1:c10004
e Buyer talo to timely depoit the ernes!money,Beier moo terml+ata led wind or**MIN try d
Wises Ober rentedea weer Paraprsph 15 by praMng edelen Woe ID Beyer babre Bow deposit
re earnest moery.
B. buyer wli dapoan an addtiaut roan of _ _.._. eel ata ane=pre to be rade
Vert d the awned money on a babe; 70ra
Cl N days Mgr aura," he
rrift to termte viler Piraarapttylres;ix
Byryyar wet be(n dela*a Buyer tale to depose ave ackAOrel amen nagana by ads Paragraph bB
Mahn 3 drys alter 50r nettles Buyer that&yet has not array deposited the aditional amour..
tiM.Ilt0l l.t-la tiHMd b.a«+awir err air Rim aorl3
r+w+rw M�+r A.,.yam err nM....W.* aa,aMMlw .14.000 eyed
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 14 of 33
Ce.mr..ir ou4nW•u+rmsu•a PrWrrty Wa•,ry rsc larl4.v
C.Buyer may Marta the Ole ceremony to dapodt the earnest rtsxtey h an Mroat•boareq acco.at at a
faders*enured slanders 0mteuaon and b sed;wry Merest to Buyer.
• TITLE POLICY AND SURVEY:
A.Tn :1420.
(I)Rater,et Bales acparoe,IIVOI(wrath Meyer an Oener a Pdky or Title taxer=(the KW pdbyt
honed by any u eattter at the tie ewrtpwy In the snaps at Pa sates prior,dosed eta altar
calm,ensuring Buyer*anal ass order Mn ltle POW.wiONC oNy so. „
(a)chore oro exceptions pM'ntled by tris canbaet Ce n may b Wyly yer *MIN:and
(b)tee standied gritted aaa�ens wrrlakmd In the pro berm or Ute pescy unseat the
commas provides 0tserataa.
(2)TM eb eddtarrd paledaaaepson es ed dscrspsndaa,wallas,of WAN?",in area and Iwnae y
O
Ines.*
eta rice be w deleted San y trtdmiallnwas or �the diem 0 "er
Is (by aril)be ward b read in areae at the expensed •Sum O Sieber.
(31 Wpjn_24—days eater dm stlectl+e dale.Sala tarnish Boyer a commitment lot els!minims
(Pae mraa tnlelb hdudee MDaa title adeptona.Seller
eutadees ate atle come/VP deelew haat and rased documents to Buyer at B.ryars
address
B.E'.re r YAthh__5_days afar the eleoh a dare
I](I)Buyer ar11°Ilan a surveyor the Property et Buye's oversee and detWr a copy d Si.MAYO 10
Bels.The survey must be made in accordance*5511 the:01 ALTAfPCBRt land Tele Survey
ataiwthe,or ct`Teasecedliat.B Ser reimburse Buyer etarNisra tx a Gxapory IA Order
amount)a the tot of Pa aurey at dosing,II cooly cease.
is an ot P TWrcpert dated eller the Aetna dale.
WI1 furnish emit a Y
h surasybe Male In ^�MMTACMiud Tub Savoy sander*or
(ip Twaaa Saudy d Prctoaro'W Suveyore•atwadardn he a Canvey IA survey under tine
appropratecondition
CS(3)Saler rel(Whey to Buyer and die the=vent a two and correct eopy it Senior's unlet*owl
survey at Si.Property acro WM an'Mara respired by the Ire*tawny for d the
eaictey mttvey.It the ariser*survey 4 rat exactable b ON UN ompwry,Seam at SalleIe
a___"r°•, tell obtain Buyerand*Mined
y a( daye sllw Ste;aocepable he Me Iue nate that tie
m�ut'n Id massy h not aceeptade to the!Ms oonmany.The dear*lata Wtl to Wended drily tan to
pp kr Selo to delver en acceptable lune erltde iM oma rsopdIwf.41eyeeretl
aWdaeineeeteimerepeaews
•
C.
(1)NWM/4_I4_days alar Buyer melees the comnbe*1.co**at the n tam prier„
tho
Umatters la excepaona,and any mooted sunny,Buyer may object wwatt*e
Me
New
or constitute a deli*or
en 't the makers etisclasad ars a arsaidlOn upon the atwtmr oe to She ether tan those penro10ed by Pals contact re tens ter Seller WS eakly at
coaly a Buyer all aeums IS peeler;a(b)Vis bans stow that err/cert 01 the Property Sas h a
Owl-iPPl t-eta maw kriYaitann ter'le Com` .,wand nye, ....., y.o.0 0113
err.rarY.i Ma oe,.view
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 15 of 33
Carwrwwl cw.u.a UrWtm'.,d P,. Iy m,mmso OW pjrr,w.r
epecd hood bawd wes(en'A'or'Y'zone as loaned by FEMA).h Paragraph WI Woe,
Buyer n Mal the Pedro*he survey
In n the v8B l t co the ante of Buyeradult et reoelq at the
au
(2)Baba may,but to rot attaMed to,are Buyer's Tmdy cibleakins within 15 days ata Beier warbles
M abjewone The timing 4ere wA be a+aWslud as roesser7 to onset*atxh Ono to cure dw
objections If 8e1er teas So cure*4 objscIour by fw lime required,kryOr may tanslnate die
aortrac7 by ts+oAaIrtij whew rzriaa(0 Bela*thin 11 dM seer the time by Baer
nn tnu
r ore
the ablatiegreph ons.
(.td be nirtded to dryer t money,toot pry u+atM^da"s
BC
s a Yrdiellf of
(31 Buyer's falure to finely ohIet t tempt Ihat Buyer Wilmot ache the the requirements hor Umtata urder etie P✓ to Id Mare Brier's tart to
7. PROPERTY CONDITION'
A ergatrefataile ewer accepts the Properly In as presort ooroltbn except tat Baku,to&Nei
Drawee,ee,we ooaplo%me idlaatng before dad a¢---. ---
0uyer rroy mtarta its contract for any raven within eller ho
B.alb ale
to
olf>xty period)by providing mer molten nodoa of taMnadon.(Chace only orae box)
CO(1)ii Buyer Mndnsmt under Mt Paragraph 78.Rte sarneet manes'molt be refunded to Byer sots
g)oro.a0 that Seller*it recast es Independent oonddsrteon f r Buyats trtetateled
Net to Prelate, has tendered the independent consdwalfon to Sutlerµton payment at aro
most waffled In Paragraph SA ed(M 118.comport.The itkDMdent oonsWn erttl 1s to be
created to the alias . d Wont dosl • d the se.p no dollar amaunl$e • •
tereiwte:u dr T. ttraeoh 7H.
El It)Not Meer than 9,rar�,anti the atiucM date,Buy,mull Pay Sae,$ as
Indeperdat parAgwedOn tor Butes Dirt to l ntenete by tardedrp ouch macre to Baser Cr
Sellers agent.V Buyer MrmhWat under iris Perapsph 78.the cmc money eat be rah$ded to
Buyer and Sella ail ren the l derpe dent oa+sld*eWs The hdaperdent ocoelder$onn ell be
ttetRctl m resae*an Palm only y Lyon abe01 the Bala. R1 Btaee In Oat
rttd nor ahive Me mitt
�7Ptl
C.
(I)Dumb the 1eaath by pedod,Buyer,to Buyer's asperse,may Donates or cause to be oomplalad.
any end all Inepectlonr,stupes.or taseearwni or M Property rtludM'ell Improveareas and
hsa.resl deartd by Few.
(21 Buyer rums:
err+ oy arty yWntd and quatRed haptcron ant asseeeore;
etadty Se8a,In aarw e,d tarn M Intpacnn or assessor.all be on tin Prapwty;
abide by wry raw'e&t entry ales or sequhumsrtl of Baser,
rot Interim*It edging operates or oacupante el the Property:sod
Is)metre ewe)perN BO*core or co
Its oriole* monitakrn
8mad. tovrpeallo n studied, a
e rteramennts
{TM-MO 1.1.15 Wpwd Our tdoIkst$ntr WsaS.L_rq firm • ........ Pace eau
tn.....MOM.4 may'urn ra.....,.+.....1...,..'•*mase] inti Co,Kerr
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 16 of 33
tbarNcr Can►act•whfwawd Pr ferry amerras NIC arrrlwax_. —
(9)Exoapt lot times mrbrs htt arise from the negtgern of BMW a Betbrl agents,Buhr itz
rneponade for any c1Iin INbity,ennasbrr ce•cares of*Won,and enema ruuprgMh�tom
&glary Wades.a es.or afeeeemMta,incroing m *wags property*wags or pry ry.
terma# hdernr y,hold harmless,and d0Mrd!WIN and/aloes meats viand any m•
hwd**G a Maw tar which Buyer I reeparabb under des polygon.Na prawadt wn/nse
Iermi allot or tea epees a
D.£541131BIBl IldBo:
(i)Deentscisaispealairalsw Whin—Mk--days Mer the Mecttre date,ta!ier MI deers to
l gorrd
's ad
O (a)cop0/ armee Maas milting to Ina Property.haling any nndMralans,aupptemaM,
or arnantho al to Vie lamas
O la)miss d sl recta and deeds 01 bud*Garet lie Propel that Buyer Mt*sums or that Sear
Mt not pay In mrd no or bairns Obehg;
Y (a)ocp,a ct et previous eswionme0el arrissimentr,p obd*+Iall reports.abaaae or mellow
nada on or rtrtatno b he Property. for dim prtrrbin Y calendar yens;
l] (d)Woke pr� u V
ty lax itaL *I for tie Property
D (e)plat,Wise Psooeny:
i 11 copies of current Witty CeP*dly News hos"to Propeller;wirier and aeaYr sank*prowtor;
and
try Jd,mg al Proo*rty •pp,h tie oot*Ed bnnh$MN tOr any rum,Buyer ell,not Icer then
rodeo aMra's "T•`. dow:rChstkall VWlapbJ •
ly (a)'Mum to Bailor d throe helm dacrited in Paragraph 70(t)Oral Seiler delihr ad to Buyer in
Corer than an Amount banal and tll copes that Buyor made of tome Name.
o (b)dame
dearay al eisorBuyer pad,end al tuna Items d eatfed in Paragraph 70(1)hie Beller
dealwred to Buyer
o (o)ddhx crams of*0 bepadlm hid raament reports related to the Property PM Buyer
compiled or waned to be comp Wei
ThIn Per007aph 7D(s)hsvIv s terminally'd am overact
E Go Attesting pyo •1)00&long,Sear:11)wil operate to Property in Ti.lama manner as
on tie r"Ilacwe dap Odor raasarhh prudine Dubow*turd de;end(g)+NI not Ironer a*paw
d any part of Pie Pt peffy.cry Internet or tight In!M Propeay,or any al IM goner prs{wtp or cert
hers daubed h Paragraph Pity sold critter def Ported.Alt,r 1M lasadky period ends.War may
not soler IMO,Inland,or laminate any Mbar contact rot WWI the operation ire the Property without
Buyer's written approval ,
a. t1Ali4:
A.Each written Naso Belly Is to serge to Buyer unlit lilt tame&mutt be h tut brce and elect
rOOardhg p an toms.Seller may tel*Nor Into Amy new lease,III to comply wit my entitling tease,at
maks lay mmandoli or aodykalq�o stye agar tris oos l Buyer's
u basmitten s the 4es totM er moat
of
Sedans.M wd*i. any following
eubeaqustVp war baton closing:
`1)any haute by Solar 10*amply'rah Solers obligation!under Me Maes;
(21 any ciorwhnoes wrier wry Nese that erlite the avant to armhole 1*lease a Pea Wry cants
a ps>
awn
(11 any
advance sums pal by a tenor*infer wry bete;
iiNFtaatt"•t le mine M Wrirrrbnt,*IOir Pew or r
r.r....+im__.—V.*or*.roo.c...... wen bit.VY1+
-- • •'--`—'^Mari
aalleaaA
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 17 of 33 •
Coos ante Coin**.tlni aroaxs&way enc
(4)any nanaesaioea,bonuses,hoe tertt,raiknek brokerage oc nmasiore.or edict mitten Net WWI
any It**,tae under
llama
(St kr toer(S1not d a tale na stilled)ed eo uder Ns Dornract. of enlYrbanld,except as wady
@. a;Width days afar the eledWs data Saler rah douses to Buys whtt»I
certilkatas Kneel nal aarller then by Nutt tenant that lassos pace•
In 117 Property.The estoppel certitudes must include the eettattairone Contektad in Ow adnate a rtlon
or TAB Pone 1938—Ov�envw�sIpre Tenantp aanylanai iMxnWion rennet*
b!a tire lenderparking wide Peripsilph 4 a the Mid pert(lender raQuaata such •
addabnal emanation el load 10 days plot b the aarfatl dale&al SuI fray deems Na signed
estoppel oend&Cala6
S. BROKERS,
A The Palws to the'cabana
P. I lrvMnyr.ditivoa Baal kseata fbepannna dohs:MMm _.__..
%awl. samosa Uremia. .1z. VW:
__—
Aa}eM:pa*trot area Med_ _ Moue -_
yyYap,laeaa 77107 .—.
emw it Fret net,»c-Dasa Primo a rn:
Unna W:.a al tau.am 702175 Liarw
Principal Broker.(Chaps Doty ala bar) Cooperadng Bttfrx r,octans Buyer.
m represents Belix only
O revenants Wyse arty.
O e an IntennerWy hotwaan Saler and Buyer
8. Flaw(CMC*only(1)a(2)baknn)
(Compote fns Agreement Dante*6latars on page 13 only if(I)n writ ted)
❑ (II Sitar ea pay PrincipalWinkerBrder the fee epciked by*operate ellen carnniotion warm:itt
rig Broiler Ma See Silicified
in tn�Pproonro lll Between Bron rd bbeet*the para signatSiam Prtucial Brass Oh pay ures to els cora to
le (2)At caro cosh;d tna pb.Seller alt pry
Phec�i Btd a toW CNA tee at Cvaperaeg Braked a Weal coati tea of
to 7.000._%al the vies pea. O %d tri also pdca
_ _ ❑ _
the cult Ates Mill be Pad h Courcy,Twa.Salk authorizes
the Hee company to pay gas brokers Otte the Series proceeds at closing.
NOTWCE:Cheorr 62 Texas Pr pa is Codt euhatrw a trobr b aware an earned oareasaoaa
rater a Kan apace tip Prove .
C. Taw pedes may not amend Nh P repreplr 9 wpart the sullen cones d the brokers*netted by the
mnlrrdverM
(TAR.IeMi1•••le ntwruI tltrtrltab'r M*Ow R-.___toldthna' .!.,_ Posa/ar17
....oft Mk.*1014.1...rah carr.a..trw wr arse reaaYYs Vol ha•VMW
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 18 of 33
c.tans 0 Ccntad-Ls, sato Macey L0%whn .... .Lai" iY
•
10.CL09MIG:
A. The data of the dating of int sale(casing dale)wit to on or boldo the heel of: •
(1)O_IL_dins oder the otplration at
the le s W by period
o --.
(21 7 days alter obiecdM omade under Parapraltt IC taw boon cured Of wesed
B. V either party Ws to dove by the chetng date,the non-defaulting potty may exercise the meteda in
Paragraph 15.
At tell d.t �mnuave � ecoosdie speeded
dm
deed at Include vendor's fen If any pert ales nine tloomed The dead
Convey good and ideaeaetde lie to the Property and show no esaptlera other than does permllled
under Paragraph 6 or other provisions of the corded.Sager MP!convey Mie Property:
(1)with no Ilse,eaeasslnerla.Of oho sears}freeman*prat the Property hatch all not be
=tided out of the sales price,triton',outing bans Buyer assumes;
(2)Wars/any assumed loans In default.;and
(3)with no peau In poeeoeeon at any part of Me Frtlprty ea taawaa,tenants at eMessnce,or .
tropaaears scoop!tenant*under the urban legatee eedpned to Buyer Insider this oontiact
V. (1� *MM!bWs adeism lo lso
) atatarm ddnquent taxes on IM Propety;
(2)an eeelgnment of al!tame to or an the Property,
(3)to the estate asignablb,an swan ord to Buyer of any tceneas ard permits related te the
Proppaenrryr,�
(t)weder¢e that the pawn aacutatt ha contract Is legallycapable end auMiaded to bind Was,
(5)an affidavit accepted*b de Me compere,staging that Solar is rte a bray' person 0,11 Seth(a a
foreign person.a sedan etthaha CIn for Pie tVIN=Nary to:(t)aNhhxfd final Sal We proceeds an
amount sulkier*to comply amicable it law;
;end In delver to amouit to the Internet Barents
SSer./Y:0(IRS)together with
(SI any notices,aldoraants,oeM4calee,aldoses,releases.and other tdoune/ea waked by this
contract.the commitment,t,or law necessary for he dosing of the sale and essence or the tale
potty,al of which mutt be Completed by Saber ate neassawy
E At dosing,Buyer eltr
11)paytheale seise pros Speed!aide aooep sbio to to e company,(2delver evidence that the person gum Irrg this contract Is legally capable end euMdtned to bind
Boyar;
(3)slip and sand to cath tenant In a tease is any pan of the Prccerty a unfair atataners eat:
((a sdmowedgee Buyer has received and a resp3nalble tar the tenant's eewity depose:and
(b)specifies the exact doter amount of ge Mama}depoan;
(4)s ,an assist on Of ell haeme then In erred;and
(5)exxecute e a het necessary to tices the sand ga . maculae,or'other Warners'requlrad by Mie
P •
ttntos,t the perste eon oharwise,the doming 6ocunanb ell ba es Kurd Ir its basic bnns In Its
currwt odtan el the 5xele Ba of Tease Peal Estate Forme Manuel wMieut any sl)6oral clauses
11.PO831%310/1:Beier
sal deliver
1Mt the Property to
sale
o) vertCOndlon arepaid 5erobi9odocompletegletw*eclordrwar
had teal excepted.My posearinn try Buyer batons doting or by Sena sass awing that is rot eudro'tzed
by a separate wanton brat agrasroat is a ledordaenant et adherence relationship batsman the partes
rrse ant11.1.11 innbinor id*Mkaasn is Bolla' .-----wbiIW_ .- Peg,7 d 17
is w.wr.•+r..a'•01,r+41w Nur rat`tti.-wn We me.NSdw
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 19 of 33
Commode Canal"tyerrinand Import"a>ea,r o�.._."._." _ BOG t+eraaar
12.SPECIAL.PROVISIONS:the laioutQ*pedal proviworra apply and ell to Con In the°end af r*mitt
min Meg Moria i ata s+vnreOra andbar1, 22O J axhlned M n Adl4vttt,n,idea*the
Addendum
ase AOeaadan
13.SALES EXPEN8e8:
A ge.Mfifypr�n:Bahr wal pay for Idit Idiot***a bikes by bMq'
1) a�iicrs d eke**Mee,Or*than thee*liens Moored by Buyer.In tudr9 Prepw'mar•1 penile*
arrelease
recording c1ram
ase of Bete a ban IWelty,II app****;
tut etaaaterst or aardloaM4;
praesawm of Rte iced:
SI afret*/or try*snow km11 mete to woad any stamina**to cura die sagaceiona Ihst Baler_
Curd.e d
(7t ogler agents*that Baler IM pay trate rete Ydf hons oe omiraci
B. Buyer all pay for do f e:1 at o'before O ea•O:
al�rumnessend tees;
21 preparation of any deed el tusk
a)reoadtg lea hw M d*d and any deed of teat.
1premium far tbdd Mtarance as truer be rastused by L?ty t c bender;
ortrhait of any escrow Ma;
other eepena*that Buyer wll pay ands"char provolone ca Pia contract.
14.PIIORATIOMS:
A. 8320111.20E
(t)thereat car any teamed loan,woos,toren.and any expense rebs"a neral Irony Wants we be
prorated through the doing table.
(2)law amount of ad valorem Mai ear the year in M'ioh the tea&desk eat anal bra on the Coe'g
data,Was vtli be prorated on the beat at laces creased In Cho pprroovvexa yea.II the Wet to the
year in Mich Ore tale Poems tray earn the emout prorated to closing,the patio*w aditat the
proration*ellen this ant chignon*hat t*)er in wbkh the sob roses become eaitahta tel s
Paragraph 10{2}aunties Pastry
(3)II Buyer manes a barb or le taking the Praparb autrps*to an parttq lien.Soler rdP Danger an
reser*depart'Mid by the Landw for the payment al*tee,harence premhmae,end enter
Purges to Beyer at doehg and Buys"ail*Inbar*su*h errieut4 too Skier by an falie701 lain
aduelmem at dually
A/Wasik :II Gales use a charge In use at Ihi Property telae doethg rapes in the asarement
B d tame.penalties,of Mreat(aaeamate)kr periods before otarkg,the eeaesencree 011
be the q 01 MO
In
add bn*w cements for Weds beiote igator'at the&Pet I this Gate.tteaaevaemente we be[he cbilaaden cr aryeMT 4041ne a er This
Peragrait 14a'wires rkaing,
At closing,Seller are tender to Buyer ad teary depose*aid the fdisming
C.
scheme pywuMl received by baa'Is.paned*ale,Vasa*:Prepaid expanses,Won=natal
(TAA"faxI f 4.16 treader hr tkttela+ecn*Beteand eemISL._— Pae.*die
a...r...An.nat Wint,,NnwNw Noes M•ne..aa.,asaNa*era wnC.•ndr
•
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 20 of 33
[hnnrwi Cared Onimposse Paper=ramify_..._.__.....— HOC Parkeav
____..__
payments,and other'*dame miriade paid by tanarta Hants panted to aro pay but received by die
other pal Wel be reeked by the recipient to The party to when It was prattled htthin 5 days atter the rent
is rE*ved.This Paip soh 14C euntrN Closing
10.OUAtUIT:
A It Buyer tats to comply lath this oorttraa.Breyer in in darsuft end SOB,as Sebes wk remady(ka).
may amends tate cataract and rexire the lamest money,W sgltdsted drnapas for&Na/a iirsfltre
escape ler demeans rando)from Nan i+apocTrxO,Mathes oraeseeirrete In aocordanoe rfya
((Ctmi*pA Mich Saar may pan*a
❑ enforce
Aspaotic pet mane.or resit such other relief es may be plaided by kw,
B. If,without fault,Saba is treble wt11Nn the dna stowed to dabvar AN estoppel CerWkatee.tarry a the
oommtna*t Duya may;
(1)famhkWfa this tonna end wave the earned money.lean arty Independent corelderaton under.
Panpreph 78(1),es quldroddamages and as B went bele nosed/:or
(2)admit the lune ad prdnrrorco up to 16 days end the canal%rM bo adonded es oscossery-
C. Swept as provided to Prograph 15B.h Seller Isla to comply wlth Iris cenhsct,Satter Is to deteuh and
&VW Mi
01 terninrabe Ole
(mneors and twelve Ns*Prost .Mia any Indeperdenl ooroldaetlon irides .
Pa(fry end mos sp lctaph 7 IC'peTamas eq a0aa°a aeab ata a other arm may be pravklee remedy;IX d by km,ce both
id.CONDEMNATION:It before cloehp.cordae even pranadngs are oommnnosd agrinul arty pert at the
Property,Boyer rear
A terminal"tis cortrsa by prcudnp written notice to tiara Whin 15 days alar Wry Is'theme d the
P ndoin h oi' ratuend the
a sanest
money,lees any Independent c nadrNhar
n pad ta
B. appear end deto d h Ira oIdernnedon proceeings end any Beard all.at&ryes election.belong in;
It)Seller end the salsa plea volt be reduced by the
sane unwire;or
12)Buyer end tiro blies Patnabe
all not radioed.
17.ATTORNEYS PEES:It Buyer,Saler,any Woo,an the alk company is a prewllnpQ party M any sapid
proceeding trcwgte uda a Oh rwiedon to this contract or this Baareadbn,each petty le*WOW to raoawor
born tie non foment t pieties all costs or such proceeding and reasonable odor W$tea This Prag'epa
17 eauvMo$termination ol this=Bract
It ESCROW:
A. At elating.the earnest money all be a, Ifed Aral to Kr!Bash down peyaneni Man to Boyers riding
wets,and erg ARCMs MI be refunded to Buitr.II ro Omni wain.the Otte company may regude
payment of unpaid expanses Maned on behdf of the psalm and a*dean release of Sabiity oldie Ate
ompany ham al polka.
S. II aro patty nrkaeeapwrth n demand it the.nest money,the the Careen,ail{ryeN th
notice e
&maxi by to the cher party a Dopy ol die
company taxis rot
waiter o octi r to the dullard Com the rather party width days star the Ado Sic Ode co oa ty sent
the demand to Uta other party,to this company maydtstaa xsanest
hest to the pity e bray rpatty
t y tris*c
rm
dead.red�.tced by Cr amara a unpaid ea:B aec throned on
Ite
rands money and the IW=TOM may pay ms&arra In the vedlon.
ITmndal 1.1-is misled kr Men soak,n tXaslrt ti'-., sada.*IF....,..__. Pape&0in
Pr e.t__,_MMM RX.,,.r•.••r•.a.0.10....r11r*eawewww YY,CW•Nolo
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 21 of 33
rpwrweM Cordran•unsolved nvore/tommixt BFC Perk4'w1.__... .-.........__.
C. The title ocopany MI deduct any kdsoadant consideration nob(Paragraph 7B(1)bibs dieburslnp
any earnest money to Buyer and wit pay ow udeperdau mnstlered idol*Beksr.
D. 118e Use oar any complies eft tis PeraP'oph to each party booby remiss the tib company from
NI pats rested to the dabwaat at*earnest money
E Wats under the Paragraph to rust be sent by MOW mal,return recall regtaolyd.Wares to the
eta cortcery as'Neese upon mob*by the the company
h Any party who botchily fats or relines to sig)a rebase accepebb b to title to 1pany wlt'in 7 days
after retch ce the expert a1*be debts to M cMu party br 0)darner(I)the earner money;tIO,
reassonabl,dornayr bee;end 1M at cools d sue
G.0 Sear p Buyer hlrtdtel b canplsle phie hwractlon as a part of an temp a al ekaalnd*spates
at eocordarlca ate Section 1031 of the Maw) Revenue Co ,deas awxkd Ad atlas In
connsell l north the ocMMVsaad octavo ell be paid by M s dlesetha pry.The either party nil
not bran any egwes a IWOIty ate robed to the earJwnoe.The pamau agree to caporals turfy and
in good 11th b swell and Mamma*data aadrrga ao as to comb Is the minimum"dein barba
nodi M cat afore cd Odeon 1031 of the Memel Ramat Wde.The other provisions of fie coated
ell nae be altecwd In M arrt to contemplated eadtrbs 111110 eau.
tt.MATBMAL FACTS:To Mate of Seal kneeled*and bead:(Choc"only one bore)
0 A. Seder is net mews of any metrial*chert tome Properly except as stated to he attached Commercial
Property Ccrcttion Statement(TAR-1401).
M B. P.aoto1 as Menem provided h thio conusd.Eater is not aware of:
(h) any subsurface:sanctuta.fplt011We. ngs,a in4 OW mental;
r2) any pendia or Ihreeeaed 1 n, alien,Or abetment abaft the Property.
(9) any emborantreal hazards or mations that nwiroiety ailed Ns Pncparty;
I4)*went the Propslcy Is or hes been treed tot to Months of dlaptaal d hazardous masodale or toxic
waste,a dump ate or Medd,or any Utdec nor rd tang a otrtahrs;
ib) whether radon,esbabs oom*nhg awadnd, ursaenmaklehyde bum retial o t, teed-040W
pains,eek:mold po to abed that 11 scam*lter's Ina Nab d ardnary occupanto),a otlw
*buten*or nraarinute of any Mows boa Nrbt or soar a ridad on the Property;
any wetlands,as donned by federal or elate law or modal.on M Property;
any threatened or endaruemd imam or her babiat on the Prapenty;
any present or past Infsistten of waod•deroykha Insecta In the Property's lnprovumenta;
(9) any contemplated mused changes to no Property or raroumdina ere that eoued maaanely and
Ornrn tatty diad the abbey use a she Properly;
(ton any omitict on the Robby Viel4iel rte any law of ahnene" •
(Demur any eateprvku b(f}(r0)ko Paragraph 12 a an enlwarum
20,NOTICES:Al ratites between the patties Leib tie contract must be it rating and ars effective aftri
hpxl-0rtvered.ladled by oaMbd mat ream meta spoesM,or lard by babble trammmabn to the
prise addraonas a Isobel"numbers staled in Paragraph 1.The perish nil lend copies d by nolbee
to he broker re0rosetllrra to party to than the notices era art.
M A. Salter iso coreente to racers any notices bat to-mat at Eiders erred address stated In Pasarrafh 1
Of B. Wye,also contents to resew any Moser by ebb at Royer a small eiaae stated in Paragraph i. •
21.DISPUTE REMOCUTIOte:The paldes brae 10 repofets h Good teen In an aeon to moan any tfepule
related to tie corona fur may abs.II tM depute carat he necked by regrtls cat.the cense rte
submit the depute to mcdarbn balm rag 1119 to arbitration or atcelon and Mlepuely dies the toss at
a maned/acceptable mediator.Tris praprnph swims termination of this confect This pel0rapn does
not PI*QUI*a party bora noting epolabie*Or ton■owl of h.hnh,p.A.rr�udedetbn
n'Ar•r,Jet i•r•16 IMiMQkrtmdksbn al Bran. �'.—__-anaa.Yr nen lbs is
rrrw,r A.rVtiMKrF rprtipM,M.rom wog,reg maim.. ar lL,-111161.
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 22 of 33
Carrrwua o.caec•utwon ed N.P.dI oorn.wtra ... .., urc laliunv
22.M5nEEltEM OF TME PARTIES:
A. Thin oonuact Y biasing m the patties. Brei heirs, awartors. rannerdathie, aux.Mara and
piralied amain',TMs=tract b to be corniced m aaa0ldance with die tan cd the Sale of Tau 4
any Ianor
mato
bon oaol M tmina�aby.01W be PWd Dobe Amid a uxr'daoeable.the remota*Of tN
mania
B Thla contract contains the orate lOtewnOl d IM pandas and may rat tx ManpaQ e.capt h.nthp.
C. 11 this mead is eoecu[W in e number of identical counterparts.arch oountarpgrt Is an Myn.i and all
cantreparta colecll/Mty.cenolb+ro one apreeramrt
B.Adddxa which aro pot et this arra[*env(C M&ad Mal ways)
ID (1} Property DacitplbnEubbifrfant** Pm 2;
❑ (21 Commensal OcalaFbO1dn0 AOdalrsae AR•1D311.
❑ (3) Comnwctal Property Croatian 8(ahalani AFNIO/1;
❑
(4) Commercial Cataract Ad linthi i for Spica Proration ITAR-1640};
❑ (5) Hotta to Raduaa(of Real Property in a Water Beast M iD).
o (W Addendum for Coastal Awe Property ITNF11114;
O
(7) AddendumbrPropartyLccaaadSestetdthe Goabareooea;aWatwway(TAR•1918).
❑ (8) Mlomalbn About Brdnrape�peon(1AFFffi01);wa
•
an (CO l6pi051,_1!
arcwia m
gton
OM
4..rw..aw raa+na.irman. Id by »� br.:MO •rr..r.r l.. our
E. Buys M moo ❑may not sags Ibis*Central.It Boat airs chis[masa,Suer at be casual
of soy future Inbahr adder this conPeol Orly if the atabnae a aumea,b*Mop,rl o4A71tlaMI fall
Fsb01y at Ruyan undo Ws contract
23.1111E:Tea la of Ma aesence h Iht commat.The pants novas silo)angina*wit,pie Mea for
parbnfn oa.If the tool day to bottom under a provision of Ibis oontact las on a Saturday,Bur b5.a
loyal hdida/,thin linin bar pafmmwea Is esblrtted trill Be end of the next day*NM Is rot a Sataday.
`uridey,or Mad hada.
24.11MCTIVE OATS:The adadva date of this convict for the pup s+of adamant.of d oblpatkre le
the dais the tills Company rsoaph this conbrac atter d partite cram*t is contract
24.ADOIllOMAL NOTICES:
A. Duro should have an abetted conduit No Properly waned by an gantry of Bar's selttiOn,or
Bum*hail be lurrishad win our attain a tide policy.
B. It the P,c owl),is'koalad fn a talky or offer ataautanlr crated Calddl prodding war,aawr,dram o.
or flood cortal fad(Nae and HO 4,Choptat 49,Taxa 1WW Code.roqulns thaw to d*we and
War to ala the ale t cyInk Mating the tax rate.bonded Indebifidnas.a standby hes d the
Markt ashore/not macula)d
G liot1a Racfsrad by 1132$7,'Maar Code:'The real property,doecatiod ba e...mat you ars about o
purchase awry be located h a arab:etad waft of saw timate aro,oath is autMrtsod by taw to
pntde wales Of&ewer Peace to de pumas in FM Canada area II your property Y Imolai 11 a
arta:red wee there may be special tats or Mora*ilial you al be roquhd to pay betas you can
rocdre wILO or war saws*.Them may bee period rwgArad b mratrtd linos or alt Malta
neossuary 10 potato wear or serer woke to your property.You arc advised to dalerairie II do
poperly Is in a combated area and mad vw godly spas pawkier to dramior ore met that Ii))
(TAR toil)1.1.16 IrAhau1I0 1.eretl5a$tt by AM. *maga C.— Pap 1 t d 1D
111,••••• A.10,1 cost..*gm.mow.nr.waw—s• yA.C`M•tat
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 23 of 33
•
Cwn..s.r Carina•tatron en w+r et na*aha loc_cacie„ar
was be rogdred to pay and the period.a any,that le reiguked to Fronde water or sewer au im b your
property.The urate 1 o.d purchaser hereby aGtVa a ledges wept at we hae5 c*Q notice at or before
the execution of a elndrn contract for to purcreee of to rhes property deeabed In the n0doe or el
dodnp al purchase 01114 real property'The real property Is deputed in Fraternal 2 of Hs contred.
C II the Property acgohe N sheers a axrreon boundary with De Maly keaae cad submerged lards of the
ewe,133.135 of the Tepee Naiu'al Resources Code reQJres a robs regaantng Coastal arae property
to ba inddrded as pert 01 INC contract.
E. II the Phwety it located seamed al the Gull Inftecos tai Warwty,.51.1/22.Tease iP4 rel Rea)u'ta
Code,requi,e a notice regeroiro the eeaward Doman of tins Prmsry to be Included Be pe1 d thI
oerwad
F. It the Proporty Is basted Cotebe the Masts d e rnridpsRy.Pe Property may now or Icor be evArded
In ger eara.rdlodal krdo*0on(ET.!)of s raeictldlr and may now a lata be subJed to ennau Liar
delemdno I tie Propertyis bm*d rAUdvYn a trtalloipatye ET t Sayer dnuk1 mesad ale mun4dplk$ee
located in the central piootdmIy of the Pepety for furter IrdannaMon,
G.Eirttlers are not Med to pertorm property araceernente,cr txpec*Isra to determine mine complienawth boring,povnrnrersd repiktlooene.N 05*
Buyer shalt Mall experts to perbnn such tamers Wryer lout!review bed ixildhp Codes,
ambiances and Other applwatde lose 10 delwltins that*teat on he Per i.ly.Seledfon Of
aridlryinedcrs. rrep lvark
ea the
r papbik of&Ayer end ret the brokers.MoOre ase nal quel�r+d to
determine Do •
H NOTICE OF WATER LEVEL FLUCTUATIONS:Ii one Property glows an tepoundmem al water,
bdudbg a resent*or Yhe,constructed and srdndnd andel CTltpiW 11.Wear Code,that hoe a
aurae°capacity of at past 51:00 ace led at the Impoundrnent'srwrmel operating keel Siler hereby
notihlas guyn:'TTN water fowl of the tspourdsmd d water adpinOO the Property fluctuates la
minus reeers,Inatudlrig as a result of(1)an entry Iawtuiy mwsrteg tx light to use the wear stored•
in tiro Irrpoutirnenc err(2)drought or lbcd coMhbnrc.'
ase.CONTRACT AS OFFER:The rarmadion of this C[nbad by ass hrel party csraaIIaes en der b bury or sen
the Property.Unkes the other petty accepts Pe diet by SAO pin.,In the cure cone in whkh fie ProWet%Ie
tasted,an Yav 1L 2 1.e ,ore 0t1r ell Ism and becoma nut and void
READ TOSS CONTRACT CAREFULLY. The brokers and aterws mer no repnaoahatlon or
r000ewrrtdefen ea to the legsieast effect,or tea errequrres of this Pourers or
trpragbti CONS5.R.T your alsomey RPP *ring.
War b tin/._tlYittianaihJ 9W4; zac.-
_ Atte: tine tallier,.,.,
't$Pp enoe) jfAet fry Otranto/
P,berd San. 40l 1'litl'-A.1)y .410d NOM • ,•v 1 �. / ,1
TJr •w� tit, ,�
Br to w): .-_ eb Korai) .�,-......___..
p fiwa ries,. Pored rare.
Te_
(TM1e02;14.1° Iralood titrarbalan by Rao SL_...._-_acct eu$r ..._._ No 10d13
n..ontreor.tlw,M no...yp a,r rouwaerrr Ma Cole
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 24 of 33
ca...»ra.r Omni•tWn vers Invent amounts:1 ._.__ tot.
AGREEMENT BETWEEN BROKERS
a••or*D Rowse eo am a•a.reer
prinivai Broker sprees taper _ {CocQMathg Braker)a
tee when M Moo*WORN leo is revived Tl*k*to be paid to Cooperating broker yell bo-
❑ %dEve wales prbe.or
❑ %oI0e PerrA pal Brdkdetee.
The tlde company Is authorised and deeceed to pay Caapataa^s Broker from prkeipel Brdufr We at dwlrq.
Thea Agreement Between Brdaa eWereadas any pwr Oars and agreements rd enngenyaton belwean
brokers.
►atab.la,pite_ Cscoereey Mage ,....----
err
ATTORNEYS
o.wsabom.,W 0 ter ,
�laaM 0003 Orr aid Plot.. (
hawI •
FatalLm 7Y 77Y•5 '' [i 'r
haw aim e'PTVV bbManwrl.�
Enrol sour•.(tea tee!r••ir•bblaor.ores, iwea y.. ,f : t . .1 1 , ti ,(r-7
Sellers atcomey rewash;mpaa at documents. Buyyuu$amorney rsm is Dopes at drwumams,
naf*ii,and other intomuekrt: minas,and Peter i*ttt ort:
I the idly=Merty sands lo Wet. ted tltla comper seeds to Boyar
I Buyee arida to Baler. TEL Baur seeds to Boyd_
FaeCsPT
I The Otte tangent enameled"dl reoagN of:
❑A. the canaille on the day .,. (etbalve dale).
U B, earnest=nay In the amount d 1 In sew turn d __ ___.__M........_.
an •
NAN..:
er. •
rhm s h.
A..}ped e>,Ar•r!>.IDyyl:�...... End.
(T•..1e041 1.1.15 ►.e.In of is
iWM�M W,' Pl-rwf tiw�Yw+w l.ra.wM�wr Aimuit ores N15(1\.yids
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 25 of 33
£dd,ndnm to Comnrdel CMalraA-Unl.tafowd
Properly
T 4.Addrtd,m a Comeeroet Cadreat-u imago ed Plapryr� �$o
end
kA
nPgaaed Vb that Miran Cor n•'dd Contrail-Unbpo
end
baaean pyyerdlnddaey LP Mae)andlAsSel.Inc.tihmel
draoredeems la
to
m o ody fast,deaorbad Wind aCam+lnrtay t t Dula d Buyer
In Broth Oeamy.
Tama e 1t e.M
B. Wnreae,Buyer and sew therm to est Nth/eddlbn alarm.and cordate*to the Contract
Now.dtrekte.k oohWaradon of the nutnal cownaMI reran.s reeled end M eel lati in
to Connell.TO PNMT and pvfor ripe an blots
1 �y�� M eu thorn of any tonYa e
ct etlpdy as brow the Coni+%and del
Rate,wa AO7Mrd+n.nal oonbot ..
and to Oedion Proporty
2. alp Ole awl►l diedI A emended and iealMadtbn al the Properly al�trhM(Ih odors al t tondo edrpa0on of
to Property and to Opmn Prapeny prodded In oorr..nson star to saner prvweo by
pew.puroord b Paragraph eA.of Ps Daus
�yrs�4p ntyp�pyy TN Ana Period d rte.W)dere.Mewroed N Pawvaph 1.A.of
etf tiorinalalel>ie P ilad M da tiller anal aeMaoed seen a area Failed of ftw(U)daps,r+dr
Owl Our Earned Wool shed be decorated by Iba BWr VM ew PUP oompay not Yeer/n the
It)days horn to etadt.e dale of!be Citral
tiziktimiagazsyseiteciy Badtke BC Cl M Canted k hereby
e sa p:
'CO or beton,to dale that k Open(it)days pdr n Ise weapon of to?sectary Delo.
Buyer may died in arktrd in resales eaaaaed In the mrrOlorat oapke of rw daaer+nta
argent o re wutharw„and wry pay ted arwi r(ti M nwrsre dkdeee d ere a teddllon
hpon?te Prosody r coot/Iota a da$ad.Oen w enwte'bnnca WOO sew awn Ter permitted
by IN.Cooed r w.And Be ler et1 Witty r Potty to payer CP among al Mato,r N)
M lane Yoe,dud any pert d Ito Property Ma In a fgea flood hoard arca Qn'A'er V'
Z .aa erred by PEIM).d dr.Breyer maw ae otracearw r nlrrhoed In the parigsph
the Bear sell rave in obip►tbn to are such/*WI r,and Pr buyer's sole iniad/rap
be the nen to terminate re porsIded for In P rapratic?J.
O
Int.
Cl to Corlen k heWy drp+td h ho rorty CM nfwced%lb 1MrctaMO/
a �y��, The Property Is pen Cl the AddMnnM Property,r that arm to defined Pr the
i)-ic7enprt d HnMoUns Cownana end Eas.mrd.b TM RoCarrtdor Dettt dyed Apra
2t,2012 and recorded an DocunrAl Marta 0/164116 and a Bock O.Volute 11216 Papp
1,In Te rail property record.of prem.Candy.Tees On amended,rppwnwnkd or
otandse modbd frog One to ens,re•aoConrde Decaredtny.Conernperranrruty
Cart.Crake Thal aecula and moild an rrendirrt in the BleCcntde CrllreSan pa _
'edradon Awnsndnrtl,*terra amerdnel Irl to m form end substance r.«nnw+y
acoepaGa to Burr and awe prodde for 1w Marg.(i)the addlkn of to thwart,in the
dedrlton of Property lap dmMad In to Deckeedon)and b anrroa4e at the Property Into the
D1did(2)a riottean b be impned on to PrOprty Imlkp M use Cl the Property in the
1144e4eA ran t
inW.Nhea.feMAeN.4/64.1.4m.drr Calm,}llde
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 26 of 33
D.eekpmed Pupae(p.hrelraOOr de7neo tor Mo 4*WI boor*(mo)Pero Iffber00a
r.0an,den dale of the D.drNen Anendmem end(3)IM Leporello*Opton deerebed rn
P.aoon 7 hared MOO arty(30)wye atoet+°e,.Melee tae.ata Ocrtnd.Sed
shall dotter•One of M 01dmbar+hmenPorfd l0 Opfer fee nwew and worm!end the
port*.heP woe on be kw of mon Oedrrtm Imerarnert prior to toe mettle*Of the
Fearbley Period.
Fn.outpours of 0h$ en 0lb.Ihrrebprmot Po.Po+r*re corn or,orae bolding cr
b.•dl+da ntcdavetekrp nol tae her.Opproatnetofy 70b00 aqua*feet d Mho epees end
rutted wetswt whop or 1M.r pnl6np*oleos
7. figmetwetperigs.Prior to 1s*.otplrorkn of to Fesstslry Period the t/uyr erd Sed May
spew on ti Moaur,ooreitra and form of a nparcfww optlo1 to be hrWded k the form or
D,*r.Wn Amendment(Yr 7apuad Mie Wed)try wfikb toe Seder we taw the nen to
mutates*to Property If the(Myst lelo to commenter conWutdtn al to Property In
eooardenae add the O.wkpmeM Puma*WHn*Oxen Of)mods.Met°IM Chirp
Woe ho seller*do Soler for he Propr$f dalale�the BBoya s*the P afar Pries of he Property.b be potl by
Amdarsry.pelts to/a dodging 010 a Optkn Property lee dame Wow),Whir and Sed
she negotiate•row.mrldrnere to Pe 0c0el4, r OeoMsbn.1n fore es*edb0enoe
reraeby.creptdote b the pores*Me rdth Overdo
Who eel forth e separate*pari*.►felon fef SW*r 10 the Option Property,and ober one
be oubdardkray stew k,M Amon***Oplon Ltd*to Normo of the Opelon Property
AmeMmre,Sd4r*ed Awe Oa Add to nprdrw Ma Oplrn Property 4 Buyer tet to
to rnma oarrledfan d Mw aorhow paddy area a Other peer;A eters to en.eprmbn
al the tbr*w0MMO trey of to Prthirt7,.MW,atpMeeo VI)neon/+1060441,41 Mr Ober;of
YP Pe Eel*Wort b~cies M
Option Property RIDX4111144.the Perthes.peke 10 be ped by Seer 1a On.Ofdon Property
ail be Irl.Bores ecke Problem Price d to Opus*Property
For pirpacs Oho faction 7,Soyer Met*drone to new eulmanad aaretntWrl at via
Proprly Ir Mo Wtkm Property,so epplke6M)M 04*inn Napo any obi woe at he
Pngdy..dud+;,ford°,ourfactor,or re'moment or mesmn at dH end saes In
Orrneobon win nes of ot4on preleee.
S fallen to Areadem:_rand, At OWmG.Safer del for.Buyer en(p4*1(0*120211011
to piastre an edNkeet 4.40 Wren of red proprry*weed ed(eer4 Is the Poverty
(' birtl.1 co*rested on Ctbild l trrWa.The Open,ere be ended to the
oa+dtkne res*provokes set forth In to amt of t.Oltkn to be weed 0014+pyla'10 he
.r.t'aea+d the Feesttlbty Period,but*heft We hdudote akrrllp home
a jun,The OYda1 on One Opon Property writ.osis sky(40)maths ever the
OWI,;De*(.112dialligna
0. Elle Ouln17 the Optbn tam.Or pia lob.pe10 by Ire buyer for to OpPln Property
rat to is k4owe'
1 b00 per.Woe but It ter Cbeir°to the Cyan Proprty Oran on or baton
peewee 31,2017,
L 37.00 per upon teat 0 the Champ o+the Ogden Propry 00n31 011r
0.ani,er 21,2017,and on,orbekro Deoenber 31,2016;
M. 37.80 pee sem*foot rr the OI.brl on the Opi0n Property novas otter
Meador 31,2.011 and to 07 bake 0.0.rnbr 31,20*end
A. 18.011 par*owe fool II the C2oah°on to Opbai Popery oanm otter
Cecember 31,2010
XMAS/114
?MN+Y>rr.Mr/kM.,.MlMrrin bed o0O040woi all Iwo.I.
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 27 of 33
The Opky M wt rr Prop.roho port of CAddbond Property(a*
&Anal F. M Odabrslon)Con...orm.o.rn'Win do.F too DOW
Proporty,sow net MOON.ante noad to Opron Property Amenmont.+Meer
.d onone*elle Si M form w4*Ulm.romarr.hI spdbl.lo 8uyor and Nal
;amide for he blt1o4 (t)ere.ddllan of lets Opl&n Plrop.rty to Fa d*lnflolr d
Propel(aa debned M de 0.dan.orr)all F.swan be*M to OPWn Propwy bra ..
Q.DMrkt.().rwrtion to be kthpwed.n F.Greer Pro Witt too Wp 15.is.of dr
Opp.sn Prop✓y 1 oII an at Fs° reon of n le woomathonowyobei um�adw O.wfa�p*ell
pu.hse of 5 of P.dtl+p
purpose df d.Pygertf,.toot mtrtttton Mal tarsireM.Awry RQ)T••••thtiv..rp
Che aoordobon 4.e of to Op(*Podia"AIM*dmW and(3)too Opdan Propatl
tt.Furd.aa dawalb.d h Owren!hare.
a Deer*.e F.a.1B.y Pard.Wet.hM
doopm.t. Wye M please O tom(M Prehbolocal FleHew board(..diPw)bt IM
bbCookdar D.da.tbr. for 01 Byrt Mended um dl Ow PrIprele(O ab pan as
albYq odeNMbn:no bulking re**.red(F)pool w ellockow Mded*.kr Oa buldzO
ID Tondo al Property lo$,M TM polis edmanlerb.pat d.Pise ry M anally moles
Si Ow.legs by 8tyah trrhrmaaa'Med D.rdlprnatl Mo.•Tared owed*orp.rason
rte)and Sober Me olden m lorr.ei rephpm bo bolo DO t:.dee Property parroo l b
*.pant.%Man ogwaM 01St DCOn M alt')M a aortdsYn to adOne,Clot on or before F.
gooey.UM halt how wormy/aT aft.anr*kbMnrods MI*Proton/to SOser
it.seentloikatialligyagloo, Al M MWa mWO F Bober to on*Ha try C aired arse
po$Asdw+Wm and to prchboe loo Propowty.8.Iw word,and fey POB to buyer.M
Moot
a 8MMr font to 541 oteporob•auwaty.ns pori*to fordo too and any Ota Fa Irma ul
too Centrad Ind**Addendum.
it The osecubm MO drla.ry tiro Cared and FM Addend/n,and M conono*hon
d the Mn..diwne heron earampltad M aamp8.n..rept b.tams end tnnd8a.of
dee Care'.*all tee Addatdtnr wilt foal traria wash or,*tort his pNnp al nos Cl
par+ga of tem,res!,r be treedi of any bra a arstwkn of or moguls a*hob
under
any haoun.N a op shot Mev.Fe SON M a May e b term M MMM of
Owl Sal..r*b0LL'd CO wry pmprsent.ceder Or decree of soy cart hey wadclen
cow the Solo a.►pmpwtea
0. No isrwt of any Mfhar cera t*tc.••ltp M.been P.O as to IM Propel nor b
15N./.YnOtIn L.no arty aedt Iowa or til prodeeddy been tr.it.rrd.
O. To the bless k raals"A M Property M rot.ugrta to any goal apaeweeres by
wiy gWanmrtal vett. 8.8a to aha'DeoIwwar urner IM 8ksrhil0t Oeo.rdun end
assure to Pooteiph 1(4)of IM FoCwddor Debewdel 8db ha.to e4Amrtt.Crr to
amend the MoCsrndi Dedadtm arm*the apprteW et any atm Owner er
Mortpe(Iee (lie Ilw+. earners Its *food in 1. 81oCaebor Oeaw.larp r.uvh
anend•ad hes no donne*Ilett on wry mer Owner or Waldo.*
No alta hal boon prtxmad w malal.l ltrrnbh.d for M Prapady for a/ddh p.8.M
toe not WOO:re ale'peel of lot Oar it meanie a n1a ethemelnr his or sae or
err/tela Len on be oohed by any Oho person,pry or wrb
I these ea no lanfernnedo•of a.btrnl emir aooee&u,aloft a,b Ce Wirt
Ir0.d.O9e,ecKaMa id spine F.PmMrty.wry pert tenet as.ay.la..n).otbos
11.100055,4
DO4 neat,calor,Arlon•adbNn Y ON.Nac.4...a t.12,0 Popo
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 28 of 33
b the prop,ib as the Solbr num nodose no nobs or Ong d1W1 oe any Pnbit
a amehr ser WO'rats to Yoe dv,prapdy at any part tiered.
t To the w'or'n Manb,doe end.li no dory or twponaNha in.nwselrh,the Pro.olY
M tree torn any and at hsrrdaea tX leettn M9tWoes,maletote ter wms.ea aid Mars
ere rh p .utdrgou+d Manna bras or albumin ono/in M Properly.
n SON P not a'brawl pose?pms,rnt b 5.arlo.lash 1mm No Irtelndt Reverts ped.
•
of 1111 ka ernandsd)nor le 101 NU of No Property subOtt la any WtMlnn
nfoultomtra Vrpoaed by the latmal Rewrite Pada
t &o of pa mroampat.d.1 Me Cutid.Sono ea nal hailer and,olvay,amino.
plad9,encu ober.IMI a calked t0 mai,convoy,MUv1 plate,sncembr or Woo ..
011 or any port of the propr4t far foldre t to weo d al or any per d tlN►rotwdy,race
ale a PAPAWbe any radon
toter so _and norm*het no el 1M»Fret ADM at
tit .aIIIteoly similumay
.nei i cl
in caTudion 14111*Pfairtty ofAlkh wadi In
aro way nMnalre with worn'Oat to Nodose M Pram*aa padded herald a
rat*is In any any In cartravetlkm b Om spat and tient d to Contract er 1s►
Addition.
War num 1101 reaNed any M
c.11*0i VMatlon ham any Vpeorrn»MM or noble
lothartty Medi; iP
atun.'Y
po .mmerp orboo wor onion=Nino.to Nihon hnovitod011 eranorb h
rR In WahUel at any*Mk**WADI,w.oonaona.ratio alas'r argarnot.
SOWS r p*yar.Wae are neffirtII omtw'•d N the patatra9y 11 anal*nuln,b'a gonad
of**WH 1171 merdo ham he do.al Qatari.
12. Novalhntadht aryNnt contained Inti.Com*.4 b to canny,dodo may
n enMacl.Shoe{setas pact moment,It tnryr as l o the C*hoot loyal off I.
nattered of any Mum.Nlbltl undo'No contact If to~QOM Nonan.h oetlmO,en
abINAtons and gadfly d tuya undo(No Control.
D. This .1 9**Datum mry wd dW end than bo OWN*to at pOpoteum
and Od w Many at M lNerro
*Mico ho wean,d 9NNraq an a'f'ar egn,a+n
IA. cmgmt Etbaalra OeLL The Addendum h awaked cora*npasrreoa.th lb.Conduit
andclot hens the oma ePartln due of to Contact
16. Thy Contdad ad MC Addendum may be eaecme.d h M.,oni=rennet*
a wake may be deemed on ativol,and and d Wan awnlarpats legator wish ooneduo
ons end the coma°vitriol
'shod.'*on tdlwl.a pop)
essnea.+
]7M�v.n_uw shot:•Word,.in COW..nrt.a sou.» No
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 29 of 33
M„R
111PPOWTPAPP11CIPS,t,
IPP •.Mg1Nlt•e'. aa>•b GP,
It t�« •7�"�'t 4r
It vh osetYNst at tolorM4 ow)
7ie)t rIrldk agger 71t..YleNn x Or'xxM aurora S-041 M1p!
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 30 of 33
M▪AUL OK
• -.
f5kL(t'
Tttic L'i(.G p1(".,11 {(1 f
I (C(tlt We
illu 1,4
'.
MN 1,44 CS**P/N. kl.,.• 311.14 Ii/I1
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 31 of 33
�^ f , I /
i /,,,,,—.,..-, 1[/t ACREi
�' ,,• �'' �; TOM PARSING: ..
J� �- �, '� fes, '/ •�rr ntrNREO.31C 5N�CES
doliit
� . `''/i , � `" ;t 3 .., '/. ./,
" i Y sd/ff//" `fit'``4 -I-.
6fr
+ r�y
� 1� n,;-• 1 i a"
c.Niii:\ 1
vsr�®
CONCEPT MThPLAN•PIAUI
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 32 of 33
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J
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j . .....•• "
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-/ •
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or
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.ems y� ' ..• \,\ ,
V, ',. V j,%.- ./i WA. ( ,•• 4ii,e•4s)
1 �� A
. ii.ife,...7 .1.7.M ' '...4!'--`t.!.....NAAAV. .
COMC[/f 1171 SIAM•MASS w �- rbc-6-4... .
RESOLUTION NO. 02-23-17-2e EXHIBIT A Page 33 of 33
C tIIltIINM SMI COIIOI/I.I11114AM• F
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rY A Sf I,tom t ' f0- A` .50t2>
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