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2021-041
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2021-041
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Last modified
5/27/2021 10:39:03 AM
Creation date
3/18/2021 1:08:38 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
03/16/2021
Control Number
2021-041
Agenda Item Number
12.E.1.
Entity Name
TIGR Acquisitions II, LLC
Subject
Letter of Intent for possible purchase
Area
810 Bailey Road Tower
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TOWE RPOINT <br />proceed in good faith to negotiate the Purchase Agreement and any related agreements, neither <br />party shall have any obligations or duties to the other party except as set forth in paragraphs 10, <br />11,12 and 15 of this LOI (which are binding and enforceable obligations of the Parties), unless and <br />until a Purchase Agreement has been executed and delivered. Notwithstanding the foregoing, in, <br />the event of a breach of this LOI by you, TowerPoint shall, in addition to its other rights and <br />remedies (including recording a copy of this 1-01), be entitled to compensation for its time, effort <br />and expense to evaluate this transaction and, in any action to enforce this LOI, to recovery of its <br />reasonable attorneys' fees, and that such terms shall be mutual to both parties. <br />14. Breach. In the event of a breach of this LOI by Seller, Buyer shall, in addition to its other rights and <br />remedies (including recording a copy of this 1-01), be entitled to compensation for its time, effort <br />and expense to evaluate this transaction and, in any action to enforce this LOI, to recovery of its <br />reasonable attorneys' fees, and that such terms shall be mutual to both parties. <br />15. Expiration. If Buyer does not receive an executed copy of this LOI from Seller by 5:00 PM, Eastern <br />Time, on May 281h 2021 we will assume that you have no further interest in pursuing this matter <br />and this L01 will be of no further force and effect. <br />[Remainder of page intentionally left blank. Signature page follows.] <br />4 <br />1170 Peachtree St NE, Suite 1650, Atlanta, GA 30309 1 towerpoint.com I Ph: 678.775.0360 1 F: 678.775.0361 <br />
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