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Re: Slojab post# 13524

Tuesday, 01/24/2017 11:17:21 AM

Tuesday, January 24, 2017 11:17:21 AM

Post# of 17377
In respect of the alleged SWET purchase though, it's more than the assignment of a value, it's the per acre purchase price. From the Option Agreement to Purchase Real Property:

2. Option. For good and valuable consideration, the Owners hereby grant Solar Wind an exclusive and irrevocable option ("Option") to acquire the Property through December 14, 2014 ("Term") for the purchase price of $46,500.00 per acre ("Purchase Price"). The Owners agree Solar Wind shall have the right to extend the Term for periods of 6 months, but no longer than June 30, 2017, upon delivering written notice to the Owners prior to to the expiration of the Term, or extended Term, along with the payment of a non-refundable extension fee of $250,000.00 for each 6 month extension. The Owners and Solar Wind agree the non-refundable option and extension fees shall not be credited towards the Purchase Price upon the Close of Escrow.

Either way though, as you said, it's ludicrous.


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