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Packet 03212022
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4/1/2022 12:12:47 PM
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4/1/2022 12:12:12 PM
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Reso 2022-050 Nimitz Hotel Purchase Agreement
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\City Clerk\City Council\Resolutions\2022
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________________ <br />________________ <br />INITIALS INITIALS <br />©2019 AIR CRE.All Rights Reserved.Last Edited:3/8/2022 9:08 AM <br />OFA-20.20,Revised 10-22-2020 Page 11 of 11 <br />27.1 Seller accepts the foregoing offer to purchase the Property and hereby agrees to sell the Property to Buyer on the terms and condiƟons therein specified. <br />27.2 In consideraƟon of real estate brokerage service rendered by Brokers,Seller agrees to pay Brokers a real estate Brokerage Fee in a sum equal to <br />5%%of the Purchase Price to be divided between the Brokers as follows:Seller's Broker N/A %and Buyer's Broker 5%%.This <br />Agreement shall serve as an irrevocable instrucƟon to Escrow Holder to pay such Brokerage Fee to Brokers out of the proceeds accruing to the account of Seller at the <br />Closing. <br />27.3 Seller acknowledges receipt of a copy hereof and authorizes Brokers to deliver a signed copy to Buyer. <br />NOTE:A PROPERTY INFORMATION SHEET IS REQUIRED TO BE DELIVERED TO BUYER BY SELLER UNDER THIS AGREEMENT. <br />BROKER <br />N/A <br />AƩn:N/A <br />Title: <br />Address: <br />Phone: <br />Fax: <br />Email: <br />Federal ID No.: <br />Broker DRE License #: <br />Agent's DRE License #: <br />Date: <br />SELLER <br />Parshotam Inc.(an S Corporation)dba <br />Nimitz Motel <br />By: <br />Name Printed:Pratap P.Solanki <br />Title:President <br />Phone: <br />Fax: <br />Email: <br />By: <br />Name Printed:Pravin P.Solanki <br />Title:Secretary <br />Phone: <br />Fax: <br />Email: <br />Address:555 Lewelling Blvd.San Leandro,CA <br />94578 <br />Federal ID No.: <br />By:_______________________________ <br />Name Printed:Jitendra P.Chhiboo <br />Title:Treasurer <br />Phone:____________________________ <br />AIR CRE *hƩps://www.aircre.com *213-687-8777 *contracts@aircre.com <br />NOTICE:No part of these works may be reproduced in any form without permission in wriƟng.
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