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2021-164
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2021-164
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Last modified
11/17/2021 11:01:44 AM
Creation date
11/2/2021 12:14:00 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
10/12/2021
Control Number
2021-164
Agenda Item Number
8.G.
Entity Name
TIGR Acquisitions III, LLC
Subject
Letter of Intent to Purchase Tower
Area
1340 Old Dixie Highway
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T O W E R P O I N T <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 1-01(whichare 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 1-01 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 1-01, 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 1-01 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 1-01, to recovery of its <br />reasonable attorneys' fees, and that such'terms shall be mutual to bothparties. <br />15. Expiration. If Buyer does not receive an executed copy of this 1-01 from Seller by 5:00 PM, Eastern <br />Time, on October 15th 2021 we will assume that you have no further interest in pursuing this <br />matter and this 1-01 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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