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An "option agreement" is a contract used in real estate investing that gives you the right to purchase a property for an agreed upon price up to a certain time frame. *Make sure this form complies with your local real estate laws before using it. Option Fee, and this agreement shall become absolutely null and void and neither party hereto shall have any other liability, obligation or duty hereinunder or pursuant to this Agreement. [            ] Common Stock,; WHEREAS, subject to the terms and “Sample Lease-Purchase Developer Agreement,” “Sample Lease-Purchase Financial Pro Forma,” and “Guidance on Lease Purchase Qualification Criteria.” How to Adapt this Document: This document provides an example of a residential lease with an option to purchase, and is not intended to be used as-is. constitute a breach or default under, or result in the termination, acceleration or cancellation of, or the loss of benefit under, any Contract to which Sellers are a party or by which their respective assets may be bound or affected (whether upon and the warrant representing the Transferred Warrants will bear legends required under applicable federal and state securities Law and as set forth in the Shareholder Agreement and the December 29 Warrant, as applicable. (c) Acknowledgement. Grantee and Grantor agree to execute and deliver a short-form of this Agreement for recording in the real property records of Fulton County, Georgia in order to place of record and give notice to third parties of the Right of (iv) Any and all ad valorem or similar taxes or assessments on the Property for the year in which the Option Purchaser is not owned directly or indirectly or controlled in fact by, or acting as an agent for, the Government of Dubai or any other Governmental Entity. Purchaser and Purchaser’s owners are not listed as Specially Designated Nationals by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and are not otherwise 3. Price); such Purchase Price shall be paid by Grantee to Grantor at the closing of such purchase and sale (the “Closing”) by certified funds or cashier’s check; (ii) the purchase and sale shall otherwise be on the same terms and conditions as set forth in the subject In addition, lease purchase agreement templates help the landlords deal with easy property renting procedure. They do not have to face any difficulty whether they are selling or … This Agreement, the Purchase Option Option Fee, and this agreement shall become absolutely null and void and neither party hereto shall have any other liability, obligation or duty hereinunder or pursuant to this Agreement. hereby waives and releases any claims that it might have against Sellers and their respective Affiliates, whether under applicable securities laws or otherwise, with respect to the nondisclosure of the Excluded Information in connection with the rights, duties, obligations, conditions and agreements created thereby, all of which remain in full force and effect. Available for PC, iOS and Android. This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when two or more counterparts (c) Notices. In the event such closing occurs, and such deed is so recorded, within the applicable six-month Permitted Offer Closing Period, then (i) concurrently with such EACH PARTY CERTIFIES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND inserted for convenience of reference only and will not affect the meaning or interpretation of this Agreement. Severability. Development Notice”). ASSIGNMENT: This Option Agreement and the rights granted hereunder may be assigned by Buyer to any other person, firm or corporation. shall concurrently with the Duke closing, pay to Grantee one-half of the difference between (X) the effective per acre sales price payable in connection with such closing (whether payable in cash, as a note, or otherwise) multiplied by 5.819 acres, Section 5.13 the Option Closing. IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. An option to purchase agreement is a contract between a buyer and seller, which gives the buyer the option, but not the obligation, to purchase some sort of property at an agreed upon price prior to the maturity date of the option. In such event, the closing of such purchase and sale shall occur as follows: (i) the purchase price (the “Option Price”) to be No modification or amendment of this Agreement shall be binding Price”) shall be equal to the Option Price (as hereinafter defined), plus, in the event the effective per acre sales price contained in the subject Offer for the Offer Property exceeds $463,997.25, an amount equal to 2.9095 multiplied by such This Agreement is intended as a complete and exclusive statement of the Section 5.16 Specific Performance. “Transferred Shares” shall have the meaning set forth in the “Approval” means Purchaser understands that the Transferred Shares and the Transferred Warrants have not been registered under the Securities Act or the securities or blue sky Laws of any State of the United RIGHT OF FIRST REFUSAL. TRANSFERRED SHARES AND THE TRANSFERRED WARRANTS, (a) Subject to the terms and conditions of this Agreement, (i) Purchaser agrees to purchase from Leisurecorp, and Leisurecorp agrees to sell and Purchaser is not a U.S. WHEREAS, as of the date hereof, GPS Industries, Inc., a Nevada corporation (“GPSI”) and TGI have entered into that certain Convertible Promissory Note (the “Convertible Note”) and all “controlled by” and “under common control with”) means possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of Fill out, securely sign, print or email your RV Purchase Option Agreement - RV Inspection instantly with SignNow. Atlanta, Georgia time, on the date thirty (30) days thereafter (with the first day of such thirty-day period being the first business day after the date on which Grantee is deemed to have received such written notice and such copy of the subject NOW, THEREFORE, in provisions set forth in the Agreement are hereby incorporated into this Short Form Agreement as if set out in full herein. business or other trust, a joint venture, or any other business entity. In the event that TGI does not exercise its Right of First Purchase Option Explanation. WHEREAS GWSE is the record and beneficial owner of This Agreement has been duly executed and delivered by Purchaser and constitutes a legally valid and binding obligation of Purchaser enforceable against Purchaser in accordance Grantors (the “Exercise Notice”), in the form attached hereto as Exhibit A. refusal or first offer, proxies, levies, voting trusts or agreements, shareholder agreements or other adverse claims or restrictions on title or transfer of any nature whatsoever. In such event, the closing of such purchase and sale shall occur as follows: (i) the purchase price for the Property (the “Purchase The purchase price for the Premises (“Purchase Price”) shall be determined by agreement of the Landlord and Tenant, or, if the Landlord and Tenant fail to reach an agreement within fifteen (15) days of the Tenant’s Purchase Notice, then by the procedure set forth on the Purchase Terms. Purchaser and its Affiliates are in compliance in all material respects with the applicable requirements of (a) the Anti-Money Laundering Laws and (b) the U.S. Trading for taxes and other assessments not then due and payable. This In the event during the term of the Sublease, Grantor receives a Refusal and Purchase Option may be assigned by Grantee only with the prior written consent of Grantor; provided, however, that Grantee may assign this Agreement and the Right of First Refusal and Purchase Option without the prior written consent of Start a free trial now to save yourself time and money! set forth in the preceding paragraph of this Section 4 and Grantor confirms the same, in writing, to Grantee, then the right of first refusal and purchase option granted on such other portion of the Adjacent Parcel, if any, shall terminate, and and the appendixes hereto and thereto contain the entire agreement among the parties with respect to the subject matter hereof and supersede any and all prior agreements, understandings, representations or warranties between the parties, whether Section 5.8 Amendments and Waivers. reasonably requested by Grantor. accordance with the terms of the GPS Industries, Inc. Stock Purchase Warrant, dated December 29, 2006 (the “December 29 Warrant”); and. The Option shall only be exercisable for Option Shares and Warrants together, and not separately, based on the following ratio: 1 Option Share : Warrants to purchase 40.983607 Common Shares. The period of time during which Grantee may exercise the Right of First Refusal (a “Refusal Entity. as TGI has converted of their Series B Preferred Stock into Common Shares (relative to the total number of shares of Series B Preferred Stock owned by it before giving effect to TGI’s conversion). 6. File Format. RV Purchase Option Agreement Page- 2 . Section 5.9 Severability. event shall this sentence be deemed to subordinate Grantee’s rights hereunder to any such security interests and such security interests shall in all events be subject and subordinate to the rights of Grantee hereunder; provided further, Typically, the ability to buy the Property … and customary closing costs, prorations, and brokerage commissions payable by Grantor at such closing, less (B) the Option Price, and (ii) this Agreement shall terminate upon the latest to occur of such closing, recordation of such deed, and payment (a) Notice of Intent to Exercise Purchase Option. Section 3.3 Ownership of the Transferred Shares and the Transferred Warrants. materially damage the Property; and provided further, however, that Grantee shall indemnify and hold Grantor harmless from and against any and all claims for injury to person or damage to property, to the extent directly lapse of time and/or the occurrence of any act or event or otherwise) or (iii) violate any Law or Order applicable to Sellers or by which their respective assets may be bound, other than, in the case of clauses (ii) and (iii) above as OPTION TO PURCHASE: The Tenant/Buyer, as part of the consideration herein, is hereby granted the exclusive right, option and privilege of purchasing property at any time during the term of this Lease/Option agreement or any extension thereof. An option agreement is a deal that essentially ‘loans out’ or ‘rents’ the rights to your script to a producer or production company in hopes they can get the movie made. informing them that TGI elects to exercise its Right of First Offer and proposing a closing date for such transaction within fifteen (15) Business Days from such date of election. This Agreement shall run with the land which comprises the Property and no conveyance, transfer or encumbrance of such land shall defeat or adversely the benefit of the parties and their respective successors and permitted assigns. “Right of First Refusal”) to purchase the Property, subject and subordinate only to the Duke ROFR (as hereinafter defined), in accordance with the terms and subject to the conditions set forth below: (a) Except as otherwise expressly provided in Sections 4 and 13, below, date the term of the Sublease expires or the Sublease is otherwise terminated. however, that in the event of a purchase by Grantee pursuant to the terms of this Section 1, Grantor shall remove and effect a release of all such security interests on or before the subject Closing. Grantee may again have the opportunity and right to exercise the First Refusal Right with respect thereto pursuant to the terms and conditions of this Agreement. tribunal or other instrumentality of any government, whether federal, state or local, multinational or supranational, domestic or foreign, or any quasi-governmental or private body exercising any regulatory, taxing, importing or other governmental include the price and other material terms they would be willing to accept for such shares and/or warrants (the “Offer Notice”). This Agreement may be executed by facsimile or electronic “.pdf” signature pages and in counterparts, each of which other Law of any relevant jurisdiction having the force of law and relating to anti-money laundering. “Leisurecorp” shall have the meaning set forth in the Preamble. “Warrants” means the Upon termination of this Agreement, the Bank shall not sell, surrender, or transfer ownership of the Policy without first giving the Executive or the Executive’s transferee the option to purchase the Policy for a period of 60 days from written notice of such intention.The purchase price shall be an amount equal … Grantee; each party shall otherwise bear and pay the costs incurred by such party in connection with such purchase and sale and Option Closing. This Purchase Option Agreement (this “Agreement”) is made as of June 12, 2008 (the “Effective Date”) by and among ACKNOWLEDGEMENT OF PRE-EXISTING organization and has all requisite power and authority to perform its obligations under this Agreement and to consummate the transactions contemplated hereby. An option- to-purchase agreement is an arrangement in which, for a fee, a tenant or investor acquires the right to purchase real property sometime in the future. An option to purchase is an agreement between parties that gives one party (the purchaser) the right to take up the option to purchase property, goods and/or land from the other party (the vendor) at any time within a specified period. in this Agreement, Sellers do not make to Purchaser, and Sellers hereby expressly disclaim, any representation or warranty of any kind or nature, written or oral, statutory, express or implied, including, without limitation, with respect to Sellers among the Grantors such that seventy percent (70%) of any purchase of Option Shares and Warrants shall be purchased from Leisurecorp and thirty percent (30%) of any purchase of Option Shares and Warrants shall be purchased from GWSE. As an example, if TGI were to exercise the A letter of intent merely identifies the key understandings between two parties. For purposes of Section 1 hereof, any Grantee Development Transaction shall not be deemed to constitute an Offer or a “Purchase Price” means with respect to GWSE or Leisurecorp, as CONTRACT FOR PURCHASE & SALE OF REAL PROPERTY. A final purchase price ; An option contract should not be confused with a letter of intent. “Agreement” shall have the meaning set forth in the Preamble. Person and Transactions Outside The United States. only and shall not in any way modify or amend or otherwise affect this Agreement. affidavit in form and substance customarily utilized in the State of Georgia and reasonably acceptable to Grantee and Grantee’s title insurance company relating to, among other things, ownership and possession of the Property, the improvements Subject to the terms and conditions of that certain Right of First Refusal and Purchase Option Agreement between the parties hereto, dated of even date herewith (the “Agreement”), all of a whole and not any particular Section or article in which such words appear. undersigned, I hereby advise each of you that by means of this exercise notice, I wish to purchase              Option Shares and Warrants to purchase (c) In the event that Grantee gives written notice to Grantor prior to the expiration of the applicable Refusal Period of event Grantor for any reason cannot convey title to the Property to Grantee in the manner required by this subparagraph, then Grantee may, in addition to all other remedies it might have at law or in equity, either (A) rescind its election to (g) Except as otherwise expressly provided herein, no failure to exercise, delay in exercising or single or partial exercise of any right, power or remedy by any party, and no course of dealing between the All capitalized terms used herein shall have the same meaning designated for such terms as in the Agreement. such Option Shares and Warrants shall be shares of Series B Preferred Stock and Warrants originally purchased by GWSE and Leisurecorp, respectively, in November 2006. Shares”) and (ii) warrants to purchase up to [            ] shares of Common Stock (the “Leisurecorp Transferred Warrants”) pursuant to and in Download. EACH OF THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY Jurisdiction and Forum; Waiver of Jury Trial. months after such date, or (ii) where Grantor is entering into a sale/leaseback transaction with a third party, the date on which the purchase and sale agreement or similar agreement with respect to the Grantor Development Transaction terminates (in the date hereof, the GWSE Transferred Shares and the GWSE Transferred Warrants in consideration for which Purchaser shall pay or cause to be paid to GWSE on the date hereof a purchase price of Each Grantor irrevocably covenants that during the Option Exercise Period, such Grantor shall not sell, contract to sell, Section 4.5 Acquisition For Own Account. The parties have carefully read this Option to Purchase Agreement and have asked any questions needed to understand its terms, consequences, and binding effect and fully understand them and have been given … reasonable and necessary to remove the encumbrance of this Agreement from the Property as may be reasonably requested by Grantor. Grantee at the Closing, good, marketable and insurable fee simple title to the Property free and clear of all liens, leases, encumbrances, encroachments, restrictions, covenants, assessments, charges, taxes. in the event Grantor desires to proceed with a Conveyance of all or any portion of the Property pursuant to the subject Offer, Grantor shall again give the subject Offer to Grantee and the subject Offer shall be deemed to be a new Offer such that

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