Common use of PRIORITY OF CONTRACTS Clause in Contracts

PRIORITY OF CONTRACTS. The rights and obligations of this Lease are intended to be undertaken in harmony with that certain Asset Transfer Agreement between the parties which shall provide for a more expansive acquisition of assets and succession of church operations by Tenant. To the extent of any conflict between this Lease and such subsequently accepted Asset Transfer Agreement, the Asset Transfer Agreement shall control. Furthermore, failure of the parties to agree and enter into such a mutually acceptable Asset Transfer ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 Agreement on or before August 15, 2018 shall entitle Tenant to right to terminate this Lease and Option. ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 1.71 acres, more or less, and being shown and designated as Tract 2A on Summary Plat for Redemption World Outreach Center prepared by Site Design, Inc., dated November 18, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; which plat is incorporated herein by reference and made a part of this description. This being a portion of the property conveyed to Redemption World Outreach Center by deed of Xxxx Properties, LLC, dated November 14, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2347 at Page 94. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 2.806 acres, more or less, and being shown and designated as Tract 2B on Summary Plat for Redemption World Outreach Center prepared by Site Design, Inc., dated November 18, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; which plat is incorporated herein by reference and made a part of this description. This being a portion of the property conveyed to Redemption World Outreach Center by deed of Redemption Outreach Center, recorded in the Office of the Register of Deeds for Greenville County, South Carolina, in Deed Book 1999 at Page 668 on June 20, 2002, and a portion of the property conveyed to Redemption Outreach Center by deed of Xxxxxxx Xxxx Xxxxxxxxx, Xxxxx Xxxx and Xxxxxx Xxxx, Xx., recorded in Book 1928 at Page 973 on October 16, 2000. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 Monthly, Interest-Only Payment Amount: $18,603.25 (1/12th of 6% times the outstanding principal balance). Note, this amount adjusts with each annual principal payment. Annual Principal Payment Amount: $500,000.00 Lender Contact for Payoff: Lawn X. Xxxxxxx | Attorney XXXXXXXXXXX LAW GROUP, P.L.L.C. Xxx Xxxxxxx Xxxxxxxx 0000 X.X. 00xx Xxxxxx | Xxxxx 000 Xxxxxxxx Xxxx | Oklahoma | 73116 T: 405.232.2020 | F: 405.228.1107 GREENVILLE 1520783 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 The parties hereby agree that the following terms and provisions shall be the essential terms of the contract for the Option: 1. Option Effective Date: same date as Lease Effective Date.

PRIORITY OF CONTRACTS. The rights and obligations of this Lease are intended to be undertaken in harmony with that certain Asset Transfer Agreement between the parties which shall provide for a more expansive acquisition of assets and succession of church operations by Tenant. To the extent of any conflict between this Lease and such subsequently accepted Asset Transfer Agreement, the Asset Transfer Agreement shall control. Furthermore, failure of the parties to agree and enter into such a mutually acceptable Asset Transfer ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 Agreement on or before August 15, 2018 shall entitle Tenant to right to terminate this Lease and Option. ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 1.71 acres, more or less, and being shown and designated as Tract 2A on Summary Plat for Redemption World Outreach Center prepared by Site Design, Inc., dated November 18, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; which plat is incorporated herein by reference and made a part of this description. This being a portion of the property conveyed to Redemption World Outreach Center by deed of Xxxx Properties, LLC, dated November 14, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2347 at Page 94. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 2.806 acres, more or less, and being shown and designated as Tract 2B on Summary Plat for Redemption World Outreach Center prepared by Site Design, Inc., dated November 18, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; which plat is incorporated herein by reference and made a part of this description. This being a portion of the property conveyed to Redemption World Outreach Center by deed of Redemption Outreach Center, recorded in the Office of the Register of Deeds for Greenville County, South Carolina, in Deed Book 1999 at Page 668 on June 20, 2002, and a portion of the property conveyed to Redemption Outreach Center by deed of Xxxxxxx Xxxx Xxxxxxxxx, Xxxxx Xxxx and Xxxxxx Xxxx, Xx., recorded in Book 1928 at Page 973 on October 16, 2000. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 Monthly, Interest-Only Payment Amount: $18,603.25 (1/12th of 6% times the outstanding principal balance). Note, this amount adjusts with each annual principal payment. Annual Principal Payment Amount: $500,000.00 Lender Contact for Payoff: Lawn X. Xxxxxxx | Attorney XXXXXXXXXXX LAW GROUP, P.L.L.C. Xxx Xxxxxxx Xxxxxxxx 0000 X.X. 00xx Xxxxxx | Xxxxx 000 Xxxxxxxx Xxxx | Oklahoma | 73116 T: 405.232.2020 | F: 405.228.1107 GREENVILLE 1520783 ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 The parties hereby agree that the following terms and provisions shall be the essential terms of the contract for the Option: 1. Option Effective Date: same date as Lease Effective Date.

PRIORITY OF CONTRACTS. The rights and obligations of this Lease are intended to be undertaken in harmony with that certain Asset Transfer Agreement between the parties which shall provide for a more expansive acquisition of assets and succession of church operations by Tenant. To the extent of any conflict between this Lease and such subsequently accepted Asset Transfer Agreement, the Asset Transfer Agreement shall control. Furthermore, failure of the parties to agree and enter into such a mutually acceptable Asset Transfer ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 Agreement on or before August 15, 2018 shall entitle Tenant to right to terminate this Lease and Option. ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 1.71 17.062 acres, more or less, and being shown and designated as Tract 2A 1 on Summary Plat summary plat prepared for Redemption World Outreach Center dated November 18, 2008, prepared by Site Design, Inc., dated November 18, 2008, and being recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; , reference to which plat is incorporated herein by reference directed for a complete metes and made a part of this descriptionbounds description thereof. This being a portion of the property conveyed to Redemption World Outreach Center by deed of Xxxx Properties, LLC, dated November 14, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2347 at Page 94TMS No. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 2.806 acres, more or less, and being shown and designated as Tract 2B on Summary Plat for Redemption World Outreach Center prepared by Site Design, Inc., dated November 18, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; which plat is incorporated herein by reference and made a part of this description. 0284.00.02-002.07 This being a portion of the property conveyed to Redemption World Outreach Center by deed of Redemption Outreach Center, dated and recorded on June 20, 2002, in the Office of the Register of Deeds for Greenville County, South Carolina, Carolina in Deed Book 1999 at Page 668 on June 20, 2002, and a portion of the property conveyed to Redemption Outreach Center by deed of Xxxxxxx Xxxx Xxxxxxxxx, Xxxxx Xxxx and Xxxxxx Xxxx, Xx., recorded in Book 1928 at Page 973 on October 16, 2000668. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 (Mortgage Debt Particulars) Mortgage Holder: Trust Management, Inc., a Texas trust company. Principal Balance: See Schedule 1. Monthly, Interest-Only Payment Amount: $18,603.25 69,994.00 (1/12th of 6% times the outstanding principal balancemonthly sinking fund payment, covers principal, interest and fee payments, as they mature). NoteLast Bond Maturity Date: August 28, this amount adjusts with each annual principal payment. Annual Principal Payment Amount: $500,000.00 Lender Contact for Payoff: Lawn 2038 Xxxxxx X. Xxxxxxx | Attorney XXXXXXXXXXX LAW GROUPXxxxxx Trust Management, P.L.L.C. Xxx Xxxxxxx Xxxxxxxx Inc. 000 Xxxxxx Xxxxxx Xxxx Xxxxx XX 00000 Phone (000) 000-0000 X.X. 00xx Xxxxxx | Xxxxx 000 Xxxxxxxx Xxxx | Oklahoma | 73116 T: 405.232.2020 | F: 405.228.1107 GREENVILLE 1520783 Cell (000) 000-0000 ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 GREENVILLE 1521983 ELECTRONICALLY FILED - 2020 Feb 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 14 2:23 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 The parties hereby agree that the following terms and provisions shall be the essential terms of the contract for the Option: 1. Option Effective Date: same date as Lease Effective Date.

PRIORITY OF CONTRACTS. The rights and obligations of this Lease are intended to be undertaken in harmony with that certain Asset Transfer Agreement between the parties which shall provide for a more expansive acquisition of assets and succession of church operations by Tenant. To the extent of any conflict between this Lease and such subsequently accepted Asset Transfer Agreement, the Asset Transfer Agreement shall control. Furthermore, failure of the parties to agree and enter into such a mutually acceptable Asset Transfer ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 Agreement on or before August 15, 2018 shall entitle Tenant to right to terminate this Lease and Option. ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 1.71 acres, more or less, and being shown and designated as Tract 2A on Summary Plat for Redemption World Outreach Center prepared by Site Design, Inc., dated November 18, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; which plat is incorporated herein by reference and made a part of this description. This being a portion of the property conveyed to Redemption World Outreach Center by deed of Xxxx Properties, LLC, dated November 14, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2347 at Page 94. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 2.806 acres, more or less, and being shown and designated as Tract 2B on Summary Plat for Redemption World Outreach Center prepared by Site Design, Inc., dated November 18, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; which plat is incorporated herein by reference and made a part of this description. This being a portion of the property conveyed to Redemption World Outreach Center by deed of Redemption Outreach Center, recorded in the Office of the Register of Deeds for Greenville County, South Carolina, in Deed Book 1999 at Page 668 on June 20, 2002, and a portion of the property conveyed to Redemption Outreach Center by deed of Xxxxxxx Xxxx Xxxxxxxxx, Xxxxx Xxxx and Xxxxxx Xxxx, Xx., recorded in Book 1928 at Page 973 on October 16, 2000. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 Monthly, Interest-Only Payment Amount: $18,603.25 (1/12th of 6% times the outstanding principal balance). Note, this amount adjusts with each annual principal payment. Annual Principal Payment Amount: $500,000.00 Lender Contact for Payoff: Lawn X. Xxxxxxx | Attorney XXXXXXXXXXX LAW GROUP, P.L.L.C. Xxx Xxxxxxx Xxxxxxxx 0000 X.X. 00xx Xxxxxx | Xxxxx 000 Xxxxxxxx Xxxx | Oklahoma | 73116 T: 405.232.2020 | F: 405.228.1107 GREENVILLE 1520783 20 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 The parties hereby agree that the following terms and provisions shall be the essential terms of the contract for the Option: 1. Option Effective Date: same date as Lease Effective Date.

PRIORITY OF CONTRACTS. The rights and obligations of this Lease are intended to be undertaken in harmony with that certain Asset Transfer Agreement between the parties which shall provide for a more expansive acquisition of assets and succession of church operations by Tenant. To the extent of any conflict between this Lease and such subsequently accepted Asset Transfer Agreement, the Asset Transfer Agreement shall control. Furthermore, failure of the parties to agree and enter into such a mutually acceptable Asset Transfer ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 Agreement on or before August 15, 2018 shall entitle Tenant to right to terminate this Lease and Option. ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 1.71 17.062 acres, more or less, and being shown and designated as Tract 2A 1 on Summary Plat summary plat prepared for Redemption World Outreach Center dated November 18, 2008, prepared by Site Design, Inc., dated November 18, 2008, and being recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; , reference to which plat is incorporated herein by reference directed for a complete metes and made a part of this descriptionbounds description thereof. This being a portion of the property conveyed to Redemption World Outreach Center by deed of Xxxx Properties, LLC, dated November 14, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2347 at Page 94TMS No. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. All that certain piece, parcel or tract of land located, lying and being in the County of Greenville, State of South Carolina, containing 2.806 acres, more or less, and being shown and designated as Tract 2B on Summary Plat for Redemption World Outreach Center prepared by Site Design, Inc., dated November 18, 2008, and recorded in the Office of the Register of Deeds for Greenville County, South Carolina in Plat Book 1080 at page 69; which plat is incorporated herein by reference and made a part of this description. 0284.00.02-002.07 This being a portion of the property conveyed to Redemption World Outreach Center by deed of Redemption Outreach Center, dated and recorded on June 20, 2002, in the Office of the Register of Deeds for Greenville County, South Carolina, Carolina in Deed Book 1999 at Page 668 on June 20, 2002, and a portion of the property conveyed to Redemption Outreach Center by deed of Xxxxxxx Xxxx Xxxxxxxxx, Xxxxx Xxxx and Xxxxxx Xxxx, Xx., recorded in Book 1928 at Page 973 on October 16, 2000668. Thereafter, Redemption World Outreach Center changed its name to Redemption as evidenced by that certain Restated Articles of Incorporation recorded at the Office of the Register of Deeds for Greenville County, South Carolina in Deed Book 2522 at Page 5892. ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 (Mortgage Debt Particulars) Mortgage Holder: Trust Management, Inc., a Texas trust company. Principal Balance: See Schedule 1. Monthly, Interest-Only Payment Amount: $18,603.25 69,994.00 (1/12th of 6% times the outstanding principal balancemonthly sinking fund payment, covers principal, interest and fee payments, as they mature). NoteLast Bond Maturity Date: August 28, this amount adjusts with each annual principal payment. Annual Principal Payment Amount: $500,000.00 Lender Contact for Payoff: Lawn 2038 Xxxxxx X. Xxxxxxx | Attorney XXXXXXXXXXX LAW GROUPXxxxxx Trust Management, P.L.L.C. Xxx Xxxxxxx Xxxxxxxx Inc. 000 Xxxxxx Xxxxxx Xxxx Xxxxx XX 00000 Phone (000) 000-0000 X.X. 00xx Xxxxxx | Xxxxx 000 Xxxxxxxx Xxxx | Oklahoma | 73116 T: 405.232.2020 | F: 405.228.1107 GREENVILLE 1520783 Cell (000) 000-0000 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 GREENVILLE 1521983 ELECTRONICALLY FILED - 2020 Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 ELECTRONICALLY FILED - 2020 Feb 07 2:40 PM Jun 29 9:24 AM - GREENVILLE - COMMON PLEAS - CASE#2020CP2300012 The parties hereby agree that the following terms and provisions shall be the essential terms of the contract for the Option: 1. Option Effective Date: same date as Lease Effective Date.