Update on Contracts and Letter of Offer
- $4.65m with conditions and settlement date of January 18th
- We currently hold a $1.65m deposit and contract was unconditional upon signing.
- The contract is subject to
- Finance 30 days
- Final agreed price for power supply and installation cost by Energex to be supplied to buyer by the 17th of January 2018
- Further 30 day extension if the buyers requirements are not fulfilled by the Vendor and its suppliers prior to January 18th 1:00pm
- The contract has a sunset clause which allows us to except other offers during the term of the contract
- $4.3m Conditions are: subject to finance 30 days and subject to Due Diligence 45 days. Total 60 days
- $4.0m Cash buyer. The parties believe this price is to low and we continue to work with the buyer to increase it.
- $3.8m Cash Buyer. The parties believe this price is to low and we continue to work with the buyer to increase it.
Letter of Offer
- Offer- $4.35m Conditions are: subject to finance 30 days.
We continue to negotiate all parties to a closing.