Deal Points. You will supply the Asset(s) to the Purchaser, and you have honestly and accurately represented the Asset(s) to the best of your knowledge and ability. - We have agreed with you to a purchase price and form of consideration to be paid for each Asset, as outlined below. - For a period of eight (8) weeks from the date of this Option Agreement (the “Period”), you grant us the exclusive right to purchase the Asset(s).
Deal Points. The final agreements to be executed by the Parties will include the following deal points:
Deal Points. Operating Endowment Agreement • PfDD will deposit $1M in separate account upon execution of the Agreement • Funds will be maintained by PfDD Foundation • 4.5% of the assets in the fund will be annually available to City once Park has been declared complete by Pacific LLC and accepted by City • Funds may be used to offset expenses related to the day-to-day operations and maintenance of Pacific Plaza Estimated Project Schedule • Development and Operating Endowment Agreements executed • Construction documents finalized • City delivers building site to Pacific LLC • Anticipated Construction period* * Pacific LLC has committed to complete construction within 24 months after City delivers building site April 2017 October 2017 December 2017 12-18 months Next Steps • Park and Recreation Board consideration of Development and Operating Endowment Agreements • Presentation to City Council Quality of Life Committee • City Council consideration of Agreements February 23, 2017 February 27, 2017 March 22, 2017 PACIFIC PLAZA: PROPOSED DEVELOPMENT AND OPERATING ENDOWMENT AGREEMENTS Park and Recreation Board February 16, 2017 Appendix • Naming Opportunities
Deal Points. The purchaser shall pay and deliver the purchase price following notice from the Seller that all of the Assets have been acquired and all consideration for the Assets paid to the relevant third parties by the Seller, and subject to the qualification by the SEC of the Purchaser’s investment offering and the investment of sufficient funds in that offering. -The Purchaser and Seller agree to take reasonable steps to confirm the method and time of payment of the Purchase Price, including any information that the Purchaser requires to initiate a wire transfer to the Seller. -We have agreed with you to a purchase price and form of consideration to be paid for each Asset, as outlined below. Your Rights and Obligations -You have the ability to supply the Assets listed in the Asset Table. -Upon trade settlement, you will store, maintain, and insure the Asset(s) as part of your inventory and consistent with the manner in which they were stored, maintained, and insured prior to the date of this Purchase Agreement. -You will provide us with reasonable access to the Asset(s) for the creation of marketing materials. Marketing materials remain our property. -Right to possession of the Assets shall transfer to the Purchaser upon payment of the Purchase Price. It is the Seller’s duty to ensure the Assets are delivered to the Purchaser or to the Purchaser’s designated storage facility in the same condition as when purchased by the Seller. -Upon the completion of the offering, you will continue to store, maintain, and insure the assets, in exchange for the payment of storage fees. The Results: -Upon the successful completion of the relevant offering through the Vint platform, you will receive payment of the Consideration for the associated Asset, as outlined below, and we will assume title in, and take possession of, the Asset(s), unless otherwise mutually agreed by you and us. Other: -This Purchase Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller. Asset Table 2019 California Cults Collection Wine Vintage Bottles % Weighting of Collection (as per acquisition price) Memento Mori Cabernet Sauvignon 2019 6 2.06% Xxxxxx Vineyard Cabernet Sauvignon 2019 3 2.05% Saxum Heart Stone Vineyard 2019 3 0.50% Realm Cellars The Bard 2019 3 0.50% Xxxxx Xxxxxxxxxx Vineyard 2019 3 0.51% Myriad Cellars Cabernet Sauvignon Reserve Beckstoffer Xx. Xxxxx 2019 5 1.72% Futo 5500 Stags Leap District Estate 2019 2 1.15% Xxxxxxxx Xxxxxxxxxxx Las Pied...
