SUBSCRIPTION AND PURCHASE AGREEMENT
FOR CHARTHOUSE SUITES VACATION INTERESTS
With Rental Pool Arrangement
This Agreement is made on the date set forth below by and between
Charthouse Suites Vacation Ownership, Inc., a Florida corporation,
hereinafter referred to as "Charthouse," whose executive office
address is 000 Xxxxxxx Xxxxxxxxx, Xxxxxxxxxx, Xxxxxxxxx 00000, and
the undersigned buyer(s), hereinafter referred to as "Purchaser":
YOU MAY ALSO CANCEL THIS CONTRACT AT ANY TIME AFTER THE
ACCOMMODATIONS OR FACILITIES ARE NO LONGER AVAILABLE AS PROVIDED IN
THIS CONTRACT AND THE PUBLIC OFFERING STATEMENT.
ANY RESALE OF THIS TIMESHARE INTEREST MUST BE ACCOMPANIED BY
CERTAIN DISCLOSURES IN ACCORDANCE WITH SECTION 721.065, FLORIDA
STATUES.
YOU MAY CANCEL THIS AGREEMENT WITHOUT ANY PENALTY OR
OBLIGATION WITHIN TEN (10) DAYS FROM THE DATE YOU SIGN THE
CONTRACT, AND UNTIL TEN (10) DAYS AFTER YOU RECEIVE THE PUBLIC
OFFERING STATEMENT, WHICHEVER IS LATER.
IF YOU DECIDE TO CANCEL THE CONTRACT, YOU MUST NOTIFY
CHARTHOUSE IN WRITING OF YOUR INTENT TO CANCEL. YOUR NOTICE OF
CANCELLATION SHALL BE EFFECTIVE UPON THE DATE SENT AND SHALL BE
SENT TO: CHARTHOUSE SUITES VACATION OWNERSHIP, INC., AT 000 XXXXXXX
XXXX., XXXXX 000, XXXXXXXXXX, XX 00000. ANY ATTEMPT TO OBTAIN A
WAIVER OF YOUR CANCELLATION RIGHTS IS UNLAWFUL. WHILE YOU MAY
EXECUTE ALL CLOSING DOCUMENTS IN ADVANCE, THE CLOSING, AS EVIDENCED
BY DELIVERY OF THE DEED OR OTHER DOCUMENTS, BEFORE EXPIRATION OF
YOUR TEN (10) DAY CANCELLATION PERIOD, IS PROHIBITED.
(1) Purchaser Signature: ________________________________________
DATE EXECUTED: __________________________________________________
(2) Purchaser Signature: ________________________________________
DATE EXECUTED: __________________________________________________
(1) Name of Purchaser (Principal Contact) (Printed or Typed)
_________________________________________________________________
_________________________________________________________________
1. For purposes of the above, Notify shall mean that a
written notice of cancellation is delivered, by any means which may
include certified mail return receipt requested, to the entity
designated to receive the notice of cancellation in the statement
required by sections 721.06(1)(f) or 721.065(2)(c), Florida
Statutes, which in this is Charthouse.
(2) Name of Purchaser (if Joint) (Printed or Typed)
_________________________________________________________________
_________________________________________________________________
Xxxxxx Xxxxxxx __________________________________________________
__________________________________________________________________
_________________________________________________________________
_________________________________________________________________
City, State, Zip Code ___________________________________________
_________________________________________________________________
_________________________________________________________________
Telephone (Day)__________________________________________________
Telephone (Night)________________________________________________
Fax No. _________________________________________________________
(1) Social Security Number or (2) Social Security Number or
Tax Identification Number * Tax Identification Number *
___________________________ ____________________________
(COMPLETE THIS ONLY IF THERE ARE MORE PURCHASERS)
(3) Purchaser Signature: ________________________________________
DATE EXECUTED: __________________________________________________
(4) Purchaser Signature: ________________________________________
DATE EXECUTED: __________________________________________________
(3) Name of Purchaser(Printed or Typed)
_________________________________________________________________
_________________________________________________________________
(4) Name of Purchaser(Printed or Typed)
_________________________________________________________________
_________________________________________________________________
Xxxxxx Xxxxxxx __________________________________________________
__________________________________________________________________
_________________________________________________________________
_________________________________________________________________
City, State, Zip Code ___________________________________________
_________________________________________________________________
_________________________________________________________________
Telephone (Day)__________________________________________________
Telephone (Night)________________________________________________
Fax No. _________________________________________________________
(3 Social Security Number or (4) Social Security Number or
Tax Identification Number * Tax Identification Number *
___________________________ ____________________________
*Under penalties of perjury, the Purchaser certifies (1) that the
number shown as his or her taxpayer identification number or Social
Security number is his or her correct taxpayer identification
number and (2) that he or she is not subject to backup withholding
either because he or she had not been notified that he or she is
subject to backup withholding as a result of a failure to report
all interest and dividends or because the Internal Revenue Service
has notified him or her that he or she is no longer subject to
backup withholding.
Net Worth and Other Tests. The undersigned acknowledges receipt of
the prospectus and the Florida Time-Share Public Offering Statement
and understands that all license payments for the Interests and
Annual Dues (including Special Assessments) payments must be made
on a timely basis. The undersigned also acknowledges that he has
sufficient resources to pay all amounts and no need for liquidity
in the Interest and understands that a purchase of an Interest
involves risks including the loss of all amounts paid, and that he
or she has the following net worth (exclusive of home, home
furnishings and automobiles) (CHECK ONE):
___(under $30,000) ____($30,001 to $50,000)
____($50,001 to $150,000) ____(more than $150,000)
The undersigned also acknowledges that he is in a financial
position to realize the benefits and net worth to sustain risks
inherent in the purchase of an Interest.
TITLE INTEREST TO BE HELD:
_____ Individual
_____ Partnership
_____ Joint Tenants With Right of Survivorship
_____ Corporation
_____ Trust
_____ Tenants in Common
_____ Other:_____________________________
_____ Marital Survivorship Property
Class of Interest and Purchase Price (CIRCLE ONE OR MORE):
A (Standard Studio $18,500)
B (King Studio $21,500)
C (Large Studio $25,500)
D (1 Bedroom Suite $36,500)
E (1 Bedroom Suite with Lanai $39,500)
F (Penthouse $60,000)
Unit Weeks Requested (MUST BE 2 CONSECUTIVE WEEKS):
First Choice: Winter_____ ______ Spring ______ ______
Summer_____ ______ Fall ______ ______
Second Choice: Winter_____ ______ Spring ______ ______
Summer_____ ______ Fall ______ ______
Third Choice: Winter_____ ______ Spring ______ ______
Summer_____ ______ Fall ______ ______
If acquiring the Charthouse Vacation Interest(s) in the appropriate
time period (on or before October 17, 1998) and qualifying for the
Guaranteed Rental Arrangement, the Purchaser elects the following:
(SELECT ONE)
___________ Guaranteed Rental Arrangement Payments (Right to
Put Unit Weeks to Charthouse for a guaranteed rate)
___________ Cash Discount (Applied to Purchase Price of
Interest)
Total Purchase Price. Purchaser agrees to pay the total purchase
price for the Charthouse Vacation Interest, with Rental Pool
Arrangement ("Interest") in Charthouse as follows:
A. PURCHASE PRICE OF INTEREST
(FROM PREVIOUS PAGE) $________________
B. IF APPLICABLE, CASH DISCOUNT OF
5% PRIOR TO APRIL 17, 1998,
3% PRIOR TO JULY 17, 1998,
1.5% PRIOR TO OCTOBER 17, 1998 $(_______________)
C. NET PURCHASE PRICE $________________
D. TOTAL DOWN PAYMENT ( MINIMUM 30% OF LINE C)
$________________ $(_______________)
E. FLORIDA STATE DOCUMENTARY
TAXES DUE ON SUBSCRIPTION
($.70 PER $100 OF NET PURCHASE
PRICE, LINE C) $________________
F. FLORIDA STATE DOCUMENTARY
TAXES (IF PAYING BY INSTALLMENTS
AND THE SUBSCRIPTION AGREEMENT
IS SIGNED IN FLORIDA)
($.35 PER $100 OF NET PURCHASE
PRICE, LINE C) $________________
G. TOTAL DUE UPON SUBSCRIPTION
(TOTAL OF LINES D, E, F)
MAKE YOUR CHECK PAYABLE TO:
Charthouse Escrow Account $________________
h. Total Remaining Owed for
Interests (line c minus line d) $________________
i. If Installment Method Used:
Monthly Payment of Principal
and Interest in the Amount of $________________
j. Current Payment of Annual Dues
at $_______ per month $________________
k. Current Payment of Annual Dues
at $_______ per quarter $________________
l. Make your checks payable to:
Charthouse Suites Vacation Ownership, Inc.
M. FIRST PAYMENT DUE BEGINNING _______________, 199__.
Purchaser's total obligation includes the purchase price of the
Interest and Annual Dues (and special assessments, if any). Upon
acceptance of the subscription, Charthouse will send a letter
setting forth dates and amounts for annual due payments and, if the
Purchaser pays on an installment basis, the date and amount of
monthly payments. The Purchaser will have the option of having
payments automatically withdrawn for a checking account through
automatic withdraws. In the year of closing, Purchaser shall be
responsible for the prorated portion of the Annual Dues based upon
the actual closing date. For purposes of compliance with the Real
Estate Settlement Procedures Act and regulations promulgated
thereunder, the following constitutes Charthouse's GOOD FAITH
ESTIMATE of closing costs to be paid by Purchaser, exclusive of
state taxes, at closing: $0.00.
ANNUAL FINANCE Amount Total of Total Sale Price
PERCENTAGE CHARGE Financed Payments
RATE The dollar amount The amount of credit The amount you will The total cost of your
The cost of your the credit will cost provided to you or on have paid after you purchase on credit, including
credit as a you. your behalf. have made all your down payment of
yearly rate. payments as $___________
scheduled.
% $ $ $ $
YOU HAVE THE RIGHT TO RECEIVE AT THIS TIME AN ITEMIZATION OF THE
AMOUNT FINANCED. ___ I want an itemization. ___ I do not want
an itemization.
YOUR PAYMENT SCHEDULE WILL BE:
Amount of Each
Amount of Each Monthly Payment for
Number of Monthly Payment for Annual Dues. Annual dues
Payments the Interest can vary. When Payments Are Due
First day of each month until _________, 20__.
If purchase of the above described Interest is being financed by
the Seller, Licensee hereby acknowledges receipt of the following
Truth-In Lending Disclosure. The Interests have the effect of an
annual percentage cost of up to 9%.
Name of Soliciting Dealer Selling Interest
_________________________________________________________________
Street Address __________________________________________________
City. State, Zip Code ____________________________________________
Telephone Number _________________________________________________
Fax Number ________________________________________________________
SIGNATURE OF REGISTERED REPRESENTATIVE __________________________
Name of Registered Representative (Printed or Typed)
_________________________________________________________________
SOLICITING DEALER AUTHORIZED SIGNATURE
_________________________________________________________________
*****************************************************************
CHARTHOUSE SUITES VACATION OWNERSHIP, INC., A FLORIDA CORPORATION
BY: ______________________________________________________________
As its: ___________________________________________________________
Date: _____________________________________________________________
Weeks Accepted: Winter ______ _____ Spring _____ ______
Summer ______ _____ Fall _____ ______
(White) Original (Green) Investor (Canary) Signed
(Pink) Representative (Goldenrod) Broker-Dealer
