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Home My WebLink AboutKIN 98 060 Prchse Ld BAL Hlding · · · · THE CORPORATION OF THE TOWN OF KINCARDINE BY-LAW BY-LAW NUMBER 1998 - 60 OF THE CORPORATION OF THE TOWN OF KINCARDINE A BYLAW TO AUTHORIZE THE PURCHASE OF LANDS FROM B.A.L. HOLDINGS DEVELOPERS LIMITED WHEREAS The Corporation of the Town of Kincardine, in accordance with the Municipal Act chap. M.45, Section 191(1), and B.A.L. Holdings Developers Limited have entered into an agreement of Purchase and Sale for the purchase of lands at the corner of Highway 9 and 21 said lands being composed of Part 1, Concession 1, SDR in the Town of Kincardine in the County of Bruce and consisting of 45.33 acres (herein after called the lands); AND WHEREAS the Council of The Corporation of the Town of Kincardine deems it expedient to purchase these lands for municipal purposes; NOW THEREFORE the Council for The Corporation of the Town of Kincardine ENACTS as follows: 1. The mayor and clerk are hereby authorized to execute the Agreement of Purchase and Sale attached hereto and forming part of this by-law and to execute such documents as they may deem advisable to purchase such lands from B.A.L. Holdings Developers Limited in accordance with the Agreement of Purchase and Sale dated the 29th day of October, 1998 and to affix the corporate seal to such documents. 2. The lands referred to consist of 45.33 acres described as Part 1, Concession 1, SDR in the Town of Kincardine, in the County of Bruce. 3. The purchase price for the said lands shall be two-hundred and thirty thousand dollars ($230,000.00). 4. This by-law shall come into full force and effect upon its final passage. READ a FIRST and SECOND time this 2nd day of November, 1998. READ a THIRD time and FINALLY PASSED this 2nd day of November, 1998. }J~~ Mayor . ·OÇT.:29 '98 12:27 416 360 4949 FROM GRANT THORNTON . '. -- --- -- ~1"""'11Òt:IIF'1I'ù1¡;A c;,~Ttu"'lhll.t!llltll.iul_ FAX TRANSMITfAL FORM ".." oI')¡vn/)!'!"Ñ.l". ~u.u1'JM;QI. 7 ~"""_J T^' -~ MtJftl)loll~1 0... ",.,... r.....__ RsllyWnrillr~ 10000oi~diÐe TOWI1ðf~ TiII:Iøø 1.Wu_ f.'1J M.IIN:.c~n_ --' F.; $lP..6:7).SU9 51'-)"-3-468 , 19-.~U4006 rr,,*'4= "" Kdqor Please _ -.. ~n8 ",Ie "r A,,"""¡Laüd. PIcaoo I<>noIÞd an çgpy baI.:l to Ill:: R«.eh/~t 19"t-Þi::It.W',~~ --..... 2OODorI_1I<o<1!6 Tcnøn. ON MISJ:JI'I T~: (41S1~100 F:rr(415)~ E"*: ~("'..mnrrtulllull¡..;j 1')IIU~difft=ulywäh.~ _coIIot("ti)-"'OO ~. o TO 9575515193968288 PAGE.001/007 Grant Thornton. A$SVRANCE A.",,~ If....."..." l"UY/'I(Ji .øllifH O'II~II'cltr A"~l)tIu.a fCnllClIA 4.01 flqllr.fal "1I1'"rr!.C '~"'JH,...a 'U1I1r.llIl~1t .... ''''''ltWA P"(>",c-t"l "",,,,,,,S (P1t(f ",.,,'(If(l1J'ß!J"B' S)'lt'lfI IW'¡'itlT'(I"S 1nUII'M"] 1.P()TtlØt; ~'f'jrp""""f' CI1I41r'¡¡U,"'øn()(J 6(J1VI.., TAX Co)/, ¡¡(¡ron. _fill J,rtoøllll ,_ ,l,...ø¡~~ l"I,,,,,.¡~..,..,,,1 .."d tr.,s. ","....II...,J., lUo\. "'~"III.".. DOrtlUl1t ""4 11J(.'IIGln",ui!l tlU: '-UIfIJ/t,,W. "f\~"! JI.jf .'C"""" and Mlatl ,..I" jur '~'''I1I1IJ'I!' UIIIIi.f follJ: "O\lI~U.w.\ Ji'/l""".¡O.1 .I<I.."t"'~jI .""'V'NI~ ......--~buNJeo¡s~, ""'---- ........~,_..t~ ..- P;...."..~.,¡dri~ry 1;,,..,,,,., P.iul&J;¡¡..;¡,gtiü~~~ ....¡,..¡.;.......~)¥Ð_~~..,... nII;IJOIl;I.~.¡r,u..A."'~:,.~~ uJ.~"""'~1~~ it:tsD ~.. ,.¡d.....cw-. WaI1&o.:r.;~I\JIN.¡.,_~~ tInD:SII,....._¡I.~1IIIIi ~-~ , "!/I'''.Ht",. Tc(;h'If,¡lult'- "iyuv., 8",~,,''; ~.wd""",,",,,."-!I.tøn.\Ullldtttul -......,., MA.NA.~.N.~ t "'(fI'f"'7f,T'''G CONPIDII/'I11AU NOTE "'WJ-""ø~"",""""I~leisJ:tMkll:ð_ ~1IDCii&w.G!d.OQ/¡'I':V"""_"''ØlllitnatvidullUl' ~"''''-';t~~.,.t .....,.......".-.~ ~~otcqÞfJ:t"'"~~J;Ø:kIy ~fI~....~...\.tImimiIt!acrnt.CIiMMr ~.-c.Jy\ll.,.t~'M1IeaW_1).*.. _..,.--et'iu~.....y~ T~' CT,)¡:NR't-I or AU~Ic.e OCT.28 · · · "'r1'.., '88 12:28 FROM GRANT THORNTON o TO 8575515183868288 PAGE.002/007 "'. '178 Q0Z ! 10,'¡s...t9S J.'d.~ l~ TDI'i OF I(lNQ:R1:11~ .. 1416~ f'JR&A ~.::1:I~. A&......~_ œ AGR~NTOFPU~S£ANPSA~ (I'OallR IN THO ...,VlNCI Of 0"'''101 I'IMQID", llIc CO!1'9fftiOl\ ot "!he 1<>Un of n!\<jlT!:I5 "" ... _. . . . ..-- - -. - - - --.. -.... ~";';~~r.~~~~~';:::'~I\II"';';:;U"U'144~t. w~___"".___".,,_."._f'~"___"&.A.~/~!~..~':.~~..-tII......~'~.r-.... ø.." IIaI. NOPI!ITV1 _~'U~:U-.QCll-œ:1.œ100..._______..... 1_-....Hig!1wa)'~¿1.·...... H:1ghvay.C)... ~"". . _ _ _.. . __.. ....:IoJIn.. øf..üncat:dine......_ -.-.... - - ----- ~~.:~~~::_.~~.J_~....__...~~:::::: ...:;'.;,;.K:... ~··~~~·X7-·· ..............__,........ Pa~tJ.At·¡,",,~œ~~~·~· ~''''...., .v...... ,....... _ . -r""l.Vc.._ .1";'",,) ~ :hR~. 41h1w·f ~.~..CDN' ','34>. øo-Ð , alllOlll: """-....... L__~KC>~."~"" J: ~'J< .P.1.'l....:n...'~IItId... n.. . .O.,~, ~o"'Z~.IJU(.OO. ' I --- Court ~tecl ~1vcr an4 !1¡¡ft3¡:er for ......I'~w..dI..,wp'¥'w..-=. ~~.1!......1lIII.I.L_PA1..ffoUl\J~~e.,~5 Li.Jniuct. .1. ..N.W;"".....tI III...... ao...."'_.. <iodo-.~oltW.tÁ.~III...,""_~·.....·..~"C1I_ . ,Niod>._WIfI"'........'.NI~...--.: S..id deposit ....0 be deJlDaited Into 1ft 1ntor.a bll&tlng truet at~D~n1. IntIt", Cih~t accrue to and b8 çredltcd to thl! PwchM.r on tIoIlng. rurchuø agJa88IG pay the Þalil",ca of the p~rd\.... prics1n Qlsh or by certJliied .~.~... to III. V.ndo, 011 oloslng, ..1110011. aa...."".I1tS. Ill<! fUrcha..r oha.!.l pay the balance "r the p.¡t¢haÞe pr:1ce. by cash O~ C8E'Ut1ed t:heque to the Vendor'.. .woUciluL UpOII completi.M nf th~! '::~::E==~~~=~~:~I¡Z¡!~~?~::::.:;:::E:rt~~~~;;~~~ or penalty. / - S' tr...d """ '. -"(".= ~ .~.-. This ofter is coad1C1.ona1 tor 60 d8þ. f'roñt accept.nea upon thft P"rd\Ot)ift! St!(".w:ins Hit1sfactory ,teII8IIO fœ the subject lands, \"&111"11 ",u.<:I., tJù~ "n..r "boll be null ..". void ,he I'I1rcha..t' , ~~t .tha11 ba·.-œ.t.urn9d.b. .I.L t.I1thou~ tnt_rest or JWNlhy. p.,-nvi.dtM:I fu£tl1er; thi:s ConGition Nÿ..biivXtAlnci.IId,:at t1w sole opt.ion 0' Lt_ P....LI..:II.~L. Cí. ntlow for... pp-ciod of an additi.onal )Q days tn S.CUt'~ 8 SHf"_'f!'!ffar..tfJTY tM(I¿f;'I'.. IT> ~na vi th ."" "fm:-,'ioaed, it is fu,thêr "C"eed and 1InÀ"...too4 '" the parti85 tI\.It ,"" rCl\1Ùetian date foo: ,hi.. trðnaaction and the roq"".ition date .ball be c,,"'nàed bY 30 ~ay~. . _ ..I'..~lUlI'I/<d'o_"'HI' . . tI.. te&A-~ 1Ms cond1tiOl1 ~s iDdu4ed fOt tbe !IIme!1t of the fUrc/1acar ond~~d. 1)y. hi" Cu. . any r-eason at his sole option W'1th1n t.ha t1lne .11uttHd_ ) ~~ t) -71..... ,,~.._~ Jr r_J."'.....v ~;¡ .N~,~, ~ . . t>/,,_ -t4 t'....J_.-,.- ~4" y..:.., Q,¡-....... ø ~ c.-,.;/ '1 -n->- ..._____-<-.... '"I ì'Ío-. ~ .(" _ 0 " ThIaAllteel\\ontofP._&Sak>conlalll...xpag... 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ACIIHOWLElMHMINT 'M,.. 1.;t...,""""._~......,......II4C6..,oI.Io1.OI(t...,..,...._fIl~1iII1Id s.J,~... oJ' _,,~, ....~...,.{....~.-" )t.OOT""'" 1~....."....._~."'.tWI,..c..,:..OCUfIk<I"-..-.....r·~·... s..a..., I -w.... .;..... >Q tc.-.....A.. ....... .. ..........,.... ......~ {A.o...... -woc.-n..... (Þ~.¡) ~<;. =e...,....,..M4.....C.~ Ot~.~w,~,~'~ ""'.. .".....-1 ...., !.-,.~ \r-'-I ~,.I(ol~it_· ~...s,.....;..;. 'hI.Ia.. TelNo. y~...~ ~O.+<&A,·,t ~~~\,...~.\I\~... Q,"'t"'f.,):."N.~A~ ~b..,...A~1þ ·~.¡~4.0Ñ",.i '.s" ~~Å.D~T \.:;.'.;:':....~_~~:4\~:....,,\' r.di~' ·.i..·\.-~~7:1-.·,1-·..'" ~ _~_.... - . ÞK.". ~._' ~""......_.....-.a 1. C'1I.................."'.....".,..........,.......e...... oIlWmIt.....s.IIr "'_..................c.. O¡IIt ,. "'....',.OUI........'......"f,....,.......r,.","_.....$vI...b"'.o;I.d-9."".,II..-r...~.'fec:......IIt-.....---.. ~..I.~'.---......~~.,....~~.....,..............-__&.eIIo-<eJwIÞw...~".~...d....,..V..d f}o.,".-.-I....~.c.-' . t'II1I""'~" ............... MLS'" .....'1'0. bIo ~ .......-"-' Iw"'MU 1"'~"'.1e C..............1""1 "C'^'RO..'"'""""..~......._"'D(..~II'I'.II...I.....,I..,~.I....-..ðIWI~'. M"...........,... I , . . _ Jb. __. ! ~~.~t~.l~~.._..... l -- p.....-".&....,.. ...... .....- OCT ~Q '9S 18:~1 ";i I ~ :T3S o~ee P(\GE..0(1:J I . , I ! I , I ¡ I , OCT ~9 '98 12:29 FROM GRANT THORNTON 0 ! lB/3~.\..u....ll!l:~;_~. ~..~_~~~~II'o8i£" :4'f.~~ TO 9575515193968288 PAGE.004/007 1'lJ.~ tIØ4 . . . ~ur. "A" A'¡.tI&iaaI Ton,.. t. 4p 1 .., 01 Panhu. ...01 &-1. 1. Ie 1M .-.c tllallIoio #.p. 0/ is DQ\ 'O"'pI""¡ for ""'1 rea-. nIbor .. ~ sf U. ~. ... 'l1li DopacIt JIIII1 lie .....,..¡ ... Iloo I'1ftbosa todhwla. wid> ...-4 W- _ ...... .......... _.... _ 0I0oI1 .. ...4In "" - AU ..... 4bJipItoa 01" ... ......t;ty .... V.. ia-...cct of..." "......-. r J 1_-11 or orisiIIC bIrefIv= .. .. v...... 0I0oI1 ..I "" 1IåIt ... 111& _ .... -y _Is, daùn.. or domap, 1" !he _ 1haI ... ~ II _ colIIIlNtl to< -, -. 0tÌSÎDI 0111 ot!be dof",," of the Pua:l>uer, IIut DopoIiI mpllutr wid! -..I 111_ m.u, wiåout liznl1iII& ony at.... rieJrt 01 ,""'¡y ofllut VoBdoI, be 1Œf_ by the n' -. tD" VCIIdor IllllIha PuKJIasc cIoIs IIInIIr ....e_ ..... II1II clíocUrp: Î4 favour or 111< V..,d", all ib rillll. IitI& ..,.¡ __ ÍllIIId to tIoo 0cp00iL 2. 3, The V........ _.. a. _Iy, ""'-';0.. or co'"''''''', """ It :IùIoi- \0 - oIIllpIIoII..b ,.. NIpecIÛI& _ pbJskaI .aadition .. .... dwnof ollbc PIoperty, or 11-' 'I'IÙII . .......U....... or dIo ~ willi III)' law, 107-., rOU/ldøa. ..... _ or __ of. or ......~-_ ,"y. ...y ~\Y, IIIIIiIy or 0IIdr p..___aJ autbority.. fira ÍftIIØIDI;C UDdawritat. Dr .,.. c.Lac, 01 nspu....a MY acIac< ........ 0<1hia¡ of III)' kiøoI or _. ..bouoeycr 5&"" oad -.p1 .. are ~y s'*'l IIcreiD. .. witltølat IiaIìIiac II. ...-lily af .......,.1. 3 ~ !be PIIr.... IurIbct KkDcrwIcdpo. !bat tilt Proplllty is baiq sold aD'" ".. iI. ..... ja. ìuiJ II1II tMt _ md nœpI ... w.çmsb .w.d in !his .......-.... IMt 1ha VCII40J has mook "" ,,~~ f'~~úo.m, ~ st.a.œW8J\18 or promises sad Us DOt ..... tI:J aa)" ~ (w\aeIIICr _Iy _d or ialpUod, on! or wrI_ 1<p1. eqail:ohle. __IbaJ, ..1-.1 ... ............. 011 Of WIIIcb OR __y .~) 1II<IWIiDa wIIIaa1R lilnilldiall, to rapecI tit ony of The r_"" (a) tile 1111. of Il1o ,"Jill). (b) \he 1!InoIa, coodiIi.... ",lawIW UK o£tbw Prvporty 01 the _ ottba ',-.0<1) (Iø'odIDø: lIlY IaIpoov_ __ IIJIIi cbaCIIIs. It 11M. !lie _ of collll1iauc or _ of _ ~"'--,. willi 1M ~ piIu ., opccific&li.... Ii,"", rise II> _ bIaü4iq ~I .' DUfI>' _ _ iImIoCIlO a1II!IorI& ~ of the ~-'" .......... .. to compliance oor-" of the únpnJ_ with mwúGipollluildia¡ .....1£_ _ 00Iari0 buiIdia¡¡; code ,oq.J_u; (D) ilia..... WID)' pcopo_ __ obIIIþIlbaparùÌII CO IIIe !"r<lpcr\Y_tIIt _ or _ or o.ay plawùo. """,01 ....Iopmerrt .ppl'",,';~. 0< oppvvols wi1h ~ dMmo¡ (d) W.....- w ........ ot ....-. ..... ill 91' ..... Ihc PI "d\). Ihc clisclllJp of ~-~. rr-... or III reIatioø 10 ilia ~ ilia ~ -. --. idaIIQ'. _ or _ of &I»' ..."-i-"¡VC ....... _I orders. attIp or<Icrs. _pliaK. -. a, ~ _ onion, pro ...... 0< .olio.... under 0.. ¡¡",.¡",......raI P,orecdon AC1 (0In&ri0). the OnwJo Wa1m ~_ Act (~) .....y odar< appIi..w. "'''' iø relalioa 10 the Property; IlOl". \be ~ __ ......., IdDcI, idolalitY. _ 0< etI'ccI of my IfüiIirY On Ihc _ 10 IitIfiI _ obliptioDa ...110 ~ 10 the cnviro -1a\ a>AdiIiœ ... qo&JiI)r of 1b p,opcrty. Upoa ClOOÌDJ. 1ha Pwcbascr ,ball ICIIaDYIIed8e to Ihc V..... I\Iat it ...opa eM PIt>pcny subject to !he Maviv--adaI coaditioa and 6A)' ;,---....... ~ Or Det socà ...~uI cOlJdí1ioo or .-inadon i. Ia1Mam hy 1110 Vmdor prior to \be 416 87S LZ~4 PGGE AAZ JUN a '98 1$'0, 51~ ~96 ezww p~GE,0~4 OCT 20 'SW 19:,1 . OCT,29 '98 12:29 FROM GRANT THORNTON 0 '. :,- '\12I,/:.lc:t~ lR~ 15 TCJ,.I~ cr KlHf..l1·W!1'ti ~ .416'360d~ .,I.,a/A U ~ U 11'6.1.& au, tn.. c .. a. .. TO 9575515193968288 PAGE.005/007 NJ.~·1t!I GI0'3 \A.'~"" .2, . compl_ dIIa II1III11III .11III...1"~ 10 .. Veador 1l1li tha ~, will how no _ ..... IlIA V_ fell" lIlY _ 1ft ~~ _;.: T ,..¡ cuadi&i.oas vr ...-....:--i9P''- .-1 (c) Ib& .- of lIlY .s.-II'I-.u JUde .VDiIDbk 1/1 ilia PI1zdIaKr, s. (a) TM V_ ,._ 4> l1li4 __ .. tile """""- ohM if Iou _ ~ _!\>er _ -......., of.... of" _ DIIII "",II¡Y Of......¡" DtveIoþen LinUu4 ~ .... B.IW.. _,.....1" 1», J\IISIIIIft .. 1IIc order dIIIId Novombe '. lØ'r otG16 o-io r...... (o..-t nõ,,¡......) (tbD 'An-" ~ Or«er'') IIId _... APF "',,,..... 0.... il1o:1iliioo ÙIO ,.,.... to ..1I1bc 7',"_1;. no P........ uIIIawWp& _ .... V...... _ lÜIy "" Îà ~ u receiver _ ........ 11'1'-'~ þUIW 10 11» AI\poiDllL8II\ Order IIId. _111& V...dDt. iß a¡eat. ofroan IN! _plo_ -.n baw III> ...-at 01 cœpuraI& IIQIIhy ... or .. . II11¡ of 1bI$ ~ or IIIberwiac iD "'0IIII..... ......Ib¡ (1,) n. lenD ..V......· .....,¡ _is shall "- .... in!onIIc. or ref....... to 111& ~ rqIst.a4 0_ of 1100 )mpos<y; II1II (c) nc desoripIil1l .fllla real 'II...... io locIie* by ilia VIIIIIoc III be cemo:t II1If, it 111)' -......ø. ..or or 0..;...... ohoJJ '- r....n.I in Ihe patdculan -t. !be _ IåDU 110\ maul 1110 HIe or I11II1I. .. ~ "' be mi...... of lIlY oIIIiplau 1wI --tv. IIIf sIJoI allY I'I~ -.... lie 111_ III Ib& ~ in -"'" -.at. . $. Th. "'"*'- 1M _ V...... .... Itoat oaI}' c:IÎIIiIII ÎIr1pJO't.... ØII\'IØI. ecIIÎPIIICQI _ obdob wIIich tbr. V..... hu .'1'10., ffit 10 ooIt _ ;....¡.··od ia .. pørclo6sa pm.. All ÌInIIO..em.oø, ~ &<¡\IÍpIIICIIt - <IouteI. .... an DD ... is, ""'- is" baIis with no _\IIIÍoB u to lido, qulky .... IUDDlÏty. 1M VDDIw ...11 tIcIiVtt ,......·íoa of.... rai4 1IDPtOI"""". 1IIc1um. eqUipmtlll 1114 cIIatIeI$ as _ mq "" 10_ .. 1bI real JIIDIOItr "" uDOioI ....11loiii DiU or Selo. ~ or .- - d_ eM sIIaI1 ........ DO 1Iij_ in iIIc plRchaoc pric:& with IUpIá - 7, ",. dcscripiioo of me no! ;prDpCIIy is 1>0_ bJ iIIc V....so. III 1>0 CGu"CEi but, if my 11&_, onw <If CIIIIÌSIÎaß lUll. fowo4 ¡,. bo ~ 1IIeÞof; the ...... oboJI II<>! _111 !be sale or oaIItIe !lie """.... 10 110 nIIeVI4 ot ..." ..~I"""" lleullDdu. JJOr IIIaIl allY -r-- "... 110 II\Iowc4 .. _ .... .. I' ÏII __ 1Mnaf. .. Notwi1halaodi"l Ibo ....... if tho VtDda< is ~ _ c1-.a tbr. ,....... .... Ale -n '.....-I1bI¡ h",1kb ApœIaœ' .. a rmllt oI lIlY ~ "'1111:" &11 UIioa « _1~ fA( . 0rIIcr of !be <:cNn to __ II1e _ of ilia I'rCFiftY, the VàIÙC IboIl loa... \be opIicK>. ~ at tIIY Ii.- up '" .... iIIcI'Gdiac ... ... of ClOIÌIq (01 l1li' -"'11...."" thonot), of '''11''-;". tIds "'''_ ¡" IUIIiøo ¡" V1SÎ1i111lO IU ,..... or t¡¡ Ole ooIIcitou IIOIiaI Oft MIIaIf at \IIe~. 11' \be V_ is IllWlIe or 1DIWiw". III rtSOlvc &I\)" ¡-. _ by _ pede båDaIIII .... ... KIio.. ... opp1icat1ooo pÅDr Iv capipdua or tba ~ ,.noel or periods baein pro\'Ided. ilia Veodor ....y ~ T.hIs l1li-- by _ la writiac tð 1M \'Iø_ ... III Ole ooIiGitors uUII& OIl MboIt of 1110~, It \lib AI> ".... Ï8 tcmri»aw p_1 '" this Soctì.... .... Dopoait with iotacoI ..... wiIbouc 4ooIuIioJt sIuI11 be _ to Iho Purcbaoof ..01 III. VOIIIior sholl "'" be liobIG 10 \be I'ur........ lilt aay "'... oIIŽIDs or ~·--rr. . 9, PI-oYided the QUe i. wi will be 011 c:Iosina ¡ODd _ f!ecfram all ~. -. as ... olrt 1111hi5 ...... WI! 1DI -.: \ , f tUN 3 'SII 15,42 O~T 29 .~~ 19'22 ..t6 3"':1 s~~.... ..".¡:..e~; ~19 ~~c e~ge P~uD.~0S ?CT:28 '98 12:29 FROM GRANT THORNTON ,~1Ø/'2S.-'$ 10: lS I.......... c;F K1I'CARDrr-t= .. 141G3GØ4~ "" illS'" ,. 1S: 41 .U' .,. 1IU. C . . V o TO 9575515193968288 PAGE.006/007 Nn.578 iRJ7 4ItOI'''' . ·4- ... . e6p1lOt 010 1-- PbiDIpI & ViMIIoIg ;øQ Y..... ,.... SuI!. J400 T-. 0IIIIri0 Mø al5 .. 1'Œ.' 1'btmaaa No t~~_U f.. No.: (416) 979-12Ji (1)>) ía 1M _ oldie ....".·-.IIII1IIIa_1O . -.s- '.Na' . IUr¡ parIf ... ..... ØIe .w.- lit CIII ... 'Y fIIP"'I'd* wñtIoa ... '" '" __ pOnies. Aa'/.... __ ...... ...... ia 4oIÞseoI to' __ by 'f-V-:~ ...-...1.... lUll .......... 'ID II.- "- ncoM4 .......... af lis ~ 01''' .s- ot~ ... -'~1. .. ifnlli1ed '" ¡nlDl1I&j und 1IIAiI. "'~MI (7a) lIOIP .. die ...alae 1bon:of,. I'. bulle .....U MIIGIII...... ~pnwI... cllIIIt~ 'A,. _1IIY..\i~'... crt 1M Apeemoøt to "*icII1J Is ....,.... !he pmaoa of IIÎI MooIuIo OAR I11III "'I ').,.... pao¥IsiOl1IO 1M _ oI-'o.-fllet. ~TII2Ut30.1 . JUN :) '88 \:\..0 OCT ~e ÞS9 IW:Z2 41. '70 1204 _A8E·.8S ~I~ 39C D~Ge PAQE.W~I ,- r .' : 1JREA Ont.,i. Rul i.t.Ie Augd.tiGn AGREEMENT OF PURCHASE AND SALE (FOR USE IN THE PROVINCE OF ONTARIO) rn ¡i...~I~· PURCHASER,_ _ _ _ _ _ _ _ _ _ _ _ _~e_ ,ÇP!1'9r,ª~~qI} -~fFJ~2fnÖ~'!!J1aii~Uf~";~ìn_c_a.r.øj.D~L _ _ _ _ _ _ _ _ _ . agrees 10 purchase f,om GRANT THORNTON LIMITED, In Us capacity IS Receiver and Manager of Ihe undertaking, VENDOR. _ _ _ _ _ . _ _ _ _ _ _ _ _ _ _ _ property and aSlets of B.A.L. Davelopers Llmlled Partnership and B.A.L. Holdlngslnc_ . It,e lollowing . IFutllegol nllmllS 01 all V.nelonl PROPERTY, JOOIÐ6..RPll_ U?ll"22-=GOO--OOJ,,,09200 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ .I,onHng on 'he1{ighway:..2l. ,;d. 01. Highway _ 9. . . in 'ho_ _ _ u _ u __ _ _ __ u _ _'J:oJolll. oLKincardineq _ _ _ _ q __ _ _ _ _ ,. _ _ _ . .. _ . . and hQvin'-n~ot t_ ~~3 _llC_r_eß_ _ _ _ _ _ J61al.iKi*YèX~Ð~~. _ _ _ _ _ _ _ . more OJ leu and legolly described 05 :::::::::::::::::::::::: :p~çt :L<;t: i:,: ç~~~~;~i~ri ~l~ - S-.D~R:-~:fti _ n-<IJ'f!...,opert" , p."ßOld.sctiplionoflattdinduding ltG_nlil ~ ~ PURCHASE PRICE, _-. -rU/ 6__ .~ ~ Þ/~ _ --:JI-Irk ~ _ 71hx.t..$ /'rJV_l;:>JolI'''. (CONS ~ -J-ð I oo-ÐI DEPOSIT, Pu,roa... .ubmil, l uI!RQ1U!CC;..!p!ªItc<Q, _ _ L :rweuty )1'i I[e. _rhol1sand . _ . _ _ _ _ _ _ _ _ _ _ _ 0011015 (CONS 25 .000.00 _ . I IH,,_'hIU....~plo""1 Court AQl?ointed Receiver and Manager for cosh or negotiable cheque payable t~ P9ª1J.e JlaYJQQn..d.,_ DAL _HQldU1g. .Develo~rs _Limit.ed_ ~ _10 be held in Irust pending complãlion 0' olher lermination of Ihis Agreement and to be creditea toward the Purchase Price on completion. Purchaser agrees 10 poy the balance os follows: Said deposit shall be deposited into an Interest bearing trust account. Interest shall accrue to and be credited to the Purchaser on closing. Purchaser agrees to pay the balance of the purchase price in cash or by certified cheque to the Vendor on closing, subject to adjustments. The Purchaser shall pay the balance of the purchase price by cash or certified cheque to the Vendor's solicitor upon completion of thi, "11.11 ðffGr II 8endiU8ftalu,8R the ,..Fshass, .flanging at tha pur:shassr's 8xp8n£8, fin3R6iRg 8ft tlte ølas':e transactÜ ::~~~=:~':::~=~~.aIIR&mU:~¡R a~d~:ee:,::~::;::n"'tI'''.d tð4~u~~~:::~~:~~~~~I-2;; ~enalty~ !,::{;;;!J#- ~6t. ~ ./JIll. ~ffer is conditional for 60 days from acceptance upon the Purchaser securing a~atisfactory ,tenan~ for the subject lands, failing which, this offer shall be null and void anc/the Purchaser': deposJ.t shall be·:returned i LU without interest or penalty. Provided further: this condition may~bê,êXtendèd;'at the sole option of the Purchaser, to allow for a period of an additional 30 days to secure a satisfactory tenant. In keeping with the aforementioned, it is further agreed and understood by the parties that the completion date for this transaction and the requisition date shall be extended by 30 days. This condition is included for the benefit of the Purchaser and may ~veq,_ by. hiD for . any reason at his sole option within the time allotted. ~J0f'4 r; .....,..1.-,'5 ~-j~ is- .::.-....Jd....~ ~ Ñ(J'-cJ ,~ 1''1-<;- 9-, Cc/'",..- ---/L- r4-t.t,.{ L $P'....:.r ~ Q~ o~ c..-.........J -1c-'f1t-;'- ~ /~ <f~ (rç' o(/é.....~ ~ This Agreement or Purchase & Sale contains six pages. v ~'-:! &of'- 4... <ff-'t ?~ ~ ~ ' . ~ r./tk-~ '-" ~p~"", v-f y~~ J k... ~. SCHEDULE(St _ _ ~ _ _ _ _ _ ''AI~ _ _ _ _ attached hereto form(s) pari of Ihis reement. 1. EillA'Tnl: ItICLV8Wt _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ n_____ ________ ___ _ _ _ ___________ _ _ _ _ _ _ _ ___ __ __ _ _ ~ _ ____ _ ___ _ M_ - - - ~ - .. - - - - - - - - - - T-~R~~ ~C~~~&~~ _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _- _. _- _-.- _- _- _- _- _- _- _- ~.~ _- _. _. _-.' _ _ . _ . . . . 8. A[_I~~~ l_f:~~1 ~'_f~l: _i~8_':·:~~':I~'_'~~'~ :~d_._.~i~-:. :~._._.~._P~.~~.~~ ~,~._ ~._.__~..~..-:-. -F~þ;J.'-' " ',v('I,1 '" .iI, ., IRREVOCABILlTY,Thi. on., .hall bo i".yocabl.bl. _ P~J1~E.f,,¡ _unlÕl_ Jil'.fi'I_ _p,m. on IIle_ )~ doy of_ _ ð c.sf?. ,19.98_ ah.. wh;ro 'ime. ;.1 nol aceep'ed, 'hi, one, ,holl bo null and yaid artd 'he depo,it .holl be ,e'umed 10 'he Pu"h~~I_w;'~e'e'l. 5, COMPLETION DATE: Th;. Ag,eemen' .hall bocomplelod by no lote, 'hon 6:00 p.m.on the ;2.'- ~c.Ooy ~~~¡Ø ,~ , 1998- 99- Upon complelÎan,vacanl possess.ion of Ih~ I;",opa sholl b. given 10 the Purchaser ,!~Iess òiliêrwl~e. prõvid.ed for in thIs Agre!""enl. - - represenl. Ihe inlerests of Ih. urchaler in Ihis Ironsadion, the Purchaser hereby appoints Ihe Co-operating Broker os ent f /'oIlng and receiving notices pursuanlto this Agreement. Any nelice relating herelo or provided 'or herein sholl be in w . . . counter offar, notice of occeploncelhereof, or any nohce sholl be deemed given and received, when hand deliver ervlce provi ed herein or, where Q facsimile number is provided herein. when transmilled eledronically 10 Ihat facsi . . - - - - - - -------- ----" - - - - - - - - - - - - - - - - - - -,P,ICic;:liPT.ñciddilionfo) - - If this tronsadian is nol subjed to G.S.T., Vendor agrees 10 provide on or before closing, a c . 181....-rsadion is nol subjed 10 G.S.T. 8. TITLE SEARCH: Purchaser sholl be allowed unlit 6:00 p.m. on Ihe I ~+: day of , 19 ~ . {Requisilion Dole 10 examine Ihe Iitle 10 Ihe property ot his own expense ' - , - -. . - - - - - -. .. - . ¡sRimeRI iR ¡hil ,B~1'ti<:ArF't ~-~ r .lImA..I -- ..II"A_..:.A ......:"A..I ....~; [,~ ,;".. ..I....:.. p.;..... I... ..__pi..';........ t... ._I:.¡:': L.:_.~II ,''_, IL.A#A _'A AA A. ,.,~ ..- B - :;E~~,~~i;~~,~~.~n!.~~..r:.'r:."'!:~~:~~; [~;..-,:;:;=~,.; :.,,;..-.¡¡.1.~.-.r..- ~n:;.~Veñdor liereby (oñ..ot.-,o ¡he inùtikipol;'y o,·o,he, goyernmentol agencies releasing 10 Purchaser delails or all outstanding work orders afreding the property, 8R4 '/íJRílü' "3'7ûT 'ü i '1 'if'''' ..Ii" r ~L'..L. T ,L "J' :..'L.:·....e~....I.... !!:................-...l'....................'v....q..;.... 9. FUTURE USE: Vendor and Purchaser agree Ihat there is no representalion or warronly of any kind thai the lulure intended use of the ptoperty by Purchaser is or will be lawful except os may be specifically provided for in this Agreement. '.Llh Provid.qd thai Ihe tillelo the property is good and fr.. 'rom 011 registered reslridians, charges,liens, and encumbrances excepl as otherwise specifically provided in . ~reemenl and save and excepl 'or (0) On)' registered reslriclions or covenanls that run with the land providing Ihat such or. complied wilh; (b) on)' regi51ered \:' niapalagreements and regislered agreements w~h publicly regulaled utilities providing such have been compliedwilh, or security has been p051ed 10 ensure compliance and completion, as evidenced by 0 laner 'rom the ralevanl municipality or regulaled utility; (c) any minor easemenls 'or Ihe supr,ly of domeslic utilily or lelephone services 10 Ihe property or adjacent prop"""s; and (d) any easements for drainage, slorm ar sanilary sewers. pubtic utility lines, Ie ephone lines, cable lelevision hnes or oIher ~ervices which do not m~erially a~fecl Ihe present use of Ihe. property. If wilhin Ihe specified times r.fe.ned 10 in paro raph ,B ~ny vali~ ~biedion 10 lill " . . . iI mad. in writing to Vendor and which Vendor is unable or unwilling 10 remove, remedy or satisfy and which Purchaser wi I not waive, Ihis Agreemenl notwithstanding any ¡nlarm.diala ads or negoliolions in resped of such obl'edioos, sholl be alan end and all monies paid sholl be relumed withoul interesl or dedudion and Vendor, listing Broker and Co.o~raling Broker shall not be liab e for any cosls or damages. Save os to any valid objeclion so made by suth doy and except for any objedion going to the root of th. litle, Purchaser sholl be conclusively deemed 10 hove accepted Venda"s 'ill. to Ihe property. Form No. 101 Gilt' <¡!'J _ . REALTY II'ORW·/.¡mdes RtRl FORMS U 01/96 j .11. DÓCUMENTS AND D'SCHARGE~ rurchaser sholl nol call 'or Ihe production of. ony !ille deed. obstrocl, survey or olher fl'tid~. of litle 10 the propetty eKCept such .. os ore in 1hl!t I?f?Ssession or conlrol of V!,,!~or. n requesl~ by Purchaser, Vendor wtl deliver any skelch or survey, of I~ ploperty within Vendor's conlrollo Pur~ser O'!i soon 05 posSIble and prior 10 the Requlslllon Dole. If a dlscoorge of Dny Chorge/Mor1goge held by 0 corpora lion Incorporoled P:'nuonllo lhe loan ComP,O""!, Ad ~ {Canada}. Chartered Bank, Trusl Company, Credil Union, Caisse Populoire or Insurance Company and which ~s nollo be ~ssumèd by PUf~ser on compl!,aon, 15 not ovoiJoble in registrable form on complelion Purchaser agrees 10 occepl Vendor's I~"s personal undertaking 10 oblam, oul of the dOSIng funds, a discharge In regislrable rorm and 10 register some on ,itf. wilhin a reasonable period of lime aller completion. proyided tllol on or before co~letion Vendor sholl provide to Purchaser 0 morigoge s'alemen' prepared by Ihe mori~oge8 selline out Ihe balance required to obtain the dischafge, logelher wilh a direction execuled by Vendor dirlKlrng po~en' to the morlgagee of Ihe amount re!Julrid '0 oblaln Ihe discharge au! of the balonce due on completion. 12. INSPECTION: Purchaser acknowledges having Itad the opportunity'o Inspect .h. procerty prlor'o submlHlng this Offer C'lnd undentands that upon acceptance of 'hls Offer 'here shall be a blhding agreement of purchase and sale etween Purchaser and Vendor. 13 INSURANCE: All buildings on Ihl! prop'erly and 011 ofher Ihings being p,urchased sholl bl\! .and rl'lm~i,:, until completion 01 the ~sk of Vendor. Pending. complellon. .."dor sholl hold 011 insur,?nce pO!ICteS, If any, and the proceeds Ih~reol ~n Irusl lor lite. pOfhl!~ O'S Ihelr mleresls. may apceor and In the event 01 subsl~nllOl damage, urchaser may eilher termInate thl' Agreement and hove 011 momes paid relurned wdhout Inleresl or dedudlon or e se toke Ih. procends 01 any Insurance and < .omplete the ?urchase. No insurance sholl belranslerred on completion. If Vendor is taking bock 0 Charge/Mortgage, or Purchoser is assuming 0 Charge/Morigoge. F'urchn~ef sholl supplV Vendor wilh reasonable evidence of adequale insurance to prated Vendor's or other mOltgagee's interest on completion 14 PLANNING ACTI This Agreemenl sholl be elledive 10 creole an interesl in Ihe properly only if Vendor complies wilh the subdivision (.Quito! prov¡...ions of Ille Flonning Act bv completion a"d Vendor covenants 10 proceed dlligentty of his 8Jfpense 10 obtain any necessary consenl by completion. IS. DOCUMENT PREPARATION, The TranderlDeed shan, save for Ihe Land Transfer Tax Affidavil, b. pr~red in rOfJisfroble form allhft mcpense of Vendor, and ony Cho_œe'/Mortgoge 10 be giyen back by Ihe Purchaser 10 Vendor 01 Ihe ex nse ollhe Purchaser. ....1I~ h~ P"'rE~R&~lr I! I!IFI'Rft thai Ihe- T,uII:¡.h:-./e"!td Iv be (:LI:._.~J~.. _~'''I,f.c.lje... J~IIII !!l!l\leiA .. ø. 16. AEStDENCYI Purcf10~~r s~oll be crl!dlled towards 'he Purchase Price with the ol,!ount, if any,. necelso!')' or Purchaser 10 POV 10 Ihe Mini~ler 01 Nalional Revenue 10 IIntisfy Purchaser's Ilabl!." In resped of lax poyable by Vendor under the non-r.sidency prOVIsIOns of Ihe Income Tax ^d by reason of IhlS sole. Purchaser shall 1'01 claim suc:h crl!dil if Vendor demrs on completion Ih. prescribed certificate or a slaMory declorolion Ihot Vendor is nnllhen 0 non-resÏrlenl of Canada. I 7. ADJUSTMENTSr Any renls, morlgolle interesl, really taxes including local improvement rates and urvnetered public or privale ulilily charges and un",elered CDs! 01 fuel 0' applicable. shall be apportioned ana allowed 10 Ihe day of comølelion Ihe day of completion ilself 10 be upportioned 10 Purdmser. 1P. TIME LIMITS: Tin1e shall in 011 resp,eds be of Ihe essence hereof p'rovided tholl~e time lor doing or completing of any ",ollet'" provided lur herein may be eJdended or abridged by an agreemenl in wrtling signed Þr Vendor and Purchoser or by lheir respeclrve lawyers who may be spp.cificolly oulhorizf!ld in lhot regard. 19. TENDER I Any lender of documents or mone¥ hereunder may be mode upon Vendor or Purchaser or Iheir respediVflI~'ers on Ihe day sel lor complelion. Money nut)'_ be tendt'red by bank draft or cheque certified by a Charlered Bonk, T rusl Conlpany, Province of Ontario Sãvings OIJir.ft. Credit Un;on or Coisse Poøu1awe. 20. fAMILY LAW ACT: Vendor worronl, thai spousal consenl is not necessary to I~is Iransodion under Ihe provisionsollhll!l Familv Law Ad. R.S.O. 1990 unless Vendor's ~pouse has execuJed the consent hereinaller provided. ;l.J.-.U'~o. r.,r1l'f'IJ-1t 9~..I ...---......- a....'-_..... 1'-_' ..Iur:..g.Jb" 1:_- \f~..........I..... -...--..1 ."'<r pf9p-"'\ v~Ador "'-. "<;1 'i-'j''''''' øAY-hVl'..iAI I..!! .L ~ . . insulated with insulation contoinin ureolormaldehyde, and II10t to Ihe best of Vendor's k 0 g'" ....:. 1...:I..I'<q!l en tl.... t'."'"t'''II( &nlnms or has ever Coniained in'Sulotion Ihot contains ureaforma' . erge on e completion of this tronsodion, and i Ihe building is part of 0 mulliple . .. '1'-- 1..,:1"':-9 ...1.:.'" :. .'-- ~""'i-'" -, ·hir ··-~t~<;:Ii~<:1. 12. CONSUM~R REPORTS: he Pure aserls hereby nolifled Ihat a consumer report eon.alning credi. and/orr~l·sonallnfor...a'ionmay be referred to in conneclion with this transaction. . 23. AGENCY:'I is und~rslood thot the brokers involved in the transadion represenllhe parties os set oul in Ihe ConfirmnlÎ9n of Represenlolion below. 24. AGREEMENT I"~ WRITING: If there ios conflid between any {Jrovision wrillen or Ivøed in Ihis Agreement ¡including any Schedule alloched hereto) and OilY p¡(Msion in thl!! prinlp.d portion hereof, Ihe wrinen or Iyped provISion sholl supersede "1. ~inled provision '0 Ih. ~Icflt of such conflid. lhis Aøreel11eul including ony Sdledule auached tiereto, sholl comtilute Ihe entire Agreemenl between Purchaser and Vendor. There is no rept'sftntolion, warranty, collaTeral agreemenl or condiliC'n.!: wl1ich olleds this Aareemenl olher lhon 01 expressed herein. This Agreement shall be read wilh all changes of gender or n\Huber required by Ihe conlexl. 15. SUCCEhOAS AND ASSIGNS: The heirs, execulors, adminislrolors, successors and assigns of Ihe understgned ore bound bv the terms herein. l'ATEDn'.. Town of Kincardine . _. . _ 'h;,oo .oooooo. doyol_ .FO, SE~ ANQ DEllYERFn :.. h~ pre,eftce of: IN WlTþ :here~: Imve retlllla set my hand and seol: r~ ~ . _ ~ _ . Mayor ~ 'wd....'1 . - a;oo~'.. "(I\o"""..ì Rb'Oho..w.) c:::J E!I\..K I. fhe U"dersigned Vendor, agree to Ihe above Offer. I hereby irrevocably ¡nstrod my lawyer 10 pay diredly to the listing 6rokor the unpaid bellonce of lhe comlt1'mlolt- lo!]ether wilh opplicoble Goods and Services Tax (and r:rny olher taxes os may heieofler be applicable), from the procMds of 'he solCl prior 10 any paymenl to Ihe v"dersignf'd on comp'etion, as odyised by 'he lisling Broker 10 my lawyer. If. ,oMiE. Oc.r;'2. 8'jq¡ Od 2. 8/'18 · ~IJ · ~"IJ ·..F, OATEOol.... __._ __.. _ ........... ....this. doyof SIG~IEO. SEALED MID DELIVERED in Ihe presence of: IN WITNESS whereof I hoye hereunla sel my hot1d and seal: ....·....,.·'I ev8ndðrl 19 · OATE !I<-oI · OATE !I<-oI :··..;···..··1 jV.,ndnt) SPOUSAL CONSENT: The Undersigned Spouse of the Vendor hereby consents to Ihe disposilion evidenced herein pUI~lJonllo the prm.ishns ollhe Fornity low Ad PS.O. 1990, nnd hereby agrees with the Purchaser that he/she will execule 011 necessary or incidenl(1 documents 10 giye rull force and efl"d to the sole evidenced heleìn~ f..:,·....··1 Spouse1 · DATE ¡s....!) ~II r.,rties 01 a.rn./p.m. Nol....ilhslonding anylhing (onloined herein 10 the conlrary, I confirm this Agreemenl wjlh 011 chonOrs bolh typed and writlf'!n wos finally executed by this. do)' of , 19_ l~onQtur.. oj V.ndn. 0' Purdlo_J CONfiRMATION Of EXECUTION: CONFIRMATION OF REPRESENTATION _by odmowledge and confirm the listing Broker represenls fhe inleresls of the I hereby acknowledge and conlinn IIle Co-operaling Broker represenls Ihe inl8fI!S~ The Vendor in Ihis honsadion, of the in Ihislronsodion . rv.ndcõ¡'No:!ñdÕ1 and the r¡IIchõseil - . . (VendOf/Ptirchòše:il ;:II".,ll·,.,;.,ft"JiñgP..0i:...òra.dl.¿..iî,,;Jil!r;4ìn"'.;Ii.... SignolW8 of C(¡.opelnting B,ob, or wlloo.il"rJ ,,.,"8senlalivo '1~...~~ll;"ti"9 !-.ol(....: VøndtnWltllg Olln·UoIlander Rllally lImlled REAL TV WORlO·landex HOfne of Co-op9.crling 8.0Iu": . T..ltI.,. FAXìlo. t....l-lo. ACKNOWLEDGEMENT FAX No. I o-;"",=,wl~99 rr.:eir.t of my sigMcI copy of Ihis accepled Agreement 01 Purcha,e and S"I,,! o'ld I oulh?r¡z~ the Ag'!'nllo lorward 0 copy to my towyer. I ocknowledge ISCeipl 01 my signed CI:'I'1 of lhis accepled Agr81'lnenl of Purchase and Sole and I authorize lhe ~.nI to fOI'Wf.lld a copy 10 my loW)"!'r. DATE DATE f/.....l':'· tp."dM:l_1 DATE DATE fJ....'h· 1'\''''-1 /.oi-:lrenfC<f S!JrviclJ:~ AddreSl for Service; hUlo. TeI.No. ·/<J!...d~"s lo,,"')·.r Purchaser's lowyer /·.j~!'iU kldrfts ." ..-----. rAXl-lo. Tel.No. FAX 'Ia. rroq OFFICE US( otllY COMMISSION TRUst AGREEMENT To: Co-operaling 8ro~er shown on lhe fOlegoing Agreement of Purchose and Sale: In c"nsid~rolionf", th Co-Operating8roker procuringlhe foregoing Agreement of Purc:haseond Sale, I herebydedorethol all moneys receivcJ or receiyable by me in cOAnedion with Ihe Tronsodion os contemplaledin Ihe MlS Rules and Regulalions of my Real Eslote Board shaH be receivable ond held in Irusl. This agreemenl sholl constitute 0 Commission Trust Agret'menl os defined in Ihe MlS Rules and sholl be sub¡ed to and goyerned by the MLS Rules periaining to Commission Trust ()ATEO os cf Ihe dole and lime ollhe occeplonce of Ihe foregoing Agreemenl 01 Purchase and Sale. Acknowledged by: ~ ~~gr~..... ~j~~'iI~r_c!el Òroui~iled I!e!.!!!!...~~! . ~nolUle oi êo-óØeo~!9 Broko; or outImrized !..øresenlaliYe ------------ --_.--- - - -~-- 08/03/98 15:45 : 15'418 979 1234 G P" V I4!J 003/009 - 2· . completion date aDd sbaIl acknowledge to the Vendor that the Purçhaser. will have no rec:ourse "Pin'" the Vendor for any such pre-existing envirollIlleDtlll conditions or CO""'minations; aDd (e) the contents of any docwnents made available to the Purchaser. s. (a) The Vendor represents aDd warrants to the Purçhasef that is bas been appointed receiver and maøager of certain of the assets aDd property of B.A.L. Developers Limited PartDership aDd B.A.L. Holdin¡s [ac. p\US\W1t to the Order dated November 7, 1997 of the Ontario Coun (General Division) (the "Appointment Order") and that the Appoilltment Order illcludes the power to sell the Property. The Purchaser acknowledges that the Vendor acts solely ill its capacity as receiver and manager appointed pursuaut to the Appointment Order aDd that the Vendor, its ..em. officers and employees sha1l have no personal or corporate liability under or as a result of this A¡reement, or otherwise ill cozmection herewith; . (b) The term "Vendor" as used herein sbaIl have no inference or reference to the present registered OWDer of the Property; and (c) The description of the real property is believed by the Vendor to be correct but, if any statement, error or omission sbaIl be found in the particulars thereof, the same shall not annul the sale or eu1itle the Purchaser to be relieved of any obligation hereunder, DOr sbaIl II1Y compensation be allowed to the Purchaser in respect thereof. 6. The Purchaser and the Vendor agree that only cximng improvements, fixtures, equipment II1d obatteb which the Vendor bas authority to sell are included in the purçhase price. All improvements, fixtures, equipment and chattels aze on an "as is, where is· basis with no representation as to title, quality or quantity. The Vendor will deliver possession of the said improvements. fixtures, equipment and chattels as same may be found on the real property OD closing without Bill of Sale, wan'lDty or other title documentation and sbaIl make DO adjustment in the purchase price with respect thereto. . 7. The description of the real property is believed by the Vendor to be comet but, if any statement, error or omission sbaIl be found in the partÏçWllS thereof, the same shall not annul the sale or entitle the Purchaser to be relieved of any obligation hereunder, nor shaJJ II1Y compeusatioD be allowed to the Purchaser in respect thereof. 8. Notwithstanding the fereaoing. if the Vendor is prevented from closing the purchase and sale transaetion resulting from tlús Agreement as a result of any pcISOD bringing an action or application for an Order of the Court to restrain the sale of the Property, the Vendor shall have the OpÖOD, exercisable at any time up to and including the date of Closing (or any extension thereot), of terminating this Agreement by notice in writing to the Purchaser, or to the solicitors acting on behalf' of the Purchaser. If the Vendor is unable or unwilling to resolve any issue raised by any perSOD bringing such an action or application prior to expiration of the extension period or periods herein provided. the Vendor may terminate this Agreement by notice in writing to the Purchaser or to the solicitors acting OD beha1f of the Purchaser. If this Agreement is terminated pursuant to this Sectioa. the Deposit with interest aDd without deduction shall be returned to the· Purchaser and the V codor shall DOt be liable to the Purchaser for any costs, olaims or damages. . 9. Provided the title is and will be on closing good and free from all encwnbrances, except as set out in this Agreement and except: JUN 3 '99 15:42 416 979 1234 PAGE.003· ~ · · '. · ~ UO/UJIØO ~~... .......'" ....... .......... - . - . ; SCHI!:DULE "A" Additional Terms to Aueement oC Pardlaae and Sale 1. In the event that this Agreement is not completed for any reason other thau default of !.he Purclwer, then the Deposit shall be retUmed to the Purchaser forthwith with accrued ÍDlerest and without deduction and the Purchaser sbal1 tbezcafter be UDder no further obligation or responsibility to the VaJdor in respect of anything herein contained or arising herefrom and the V cndor shall not be liable to the PurcIwer far any costs, claims ar damages. In the event that this Agreement is not completed for any reason arising out of the default of the Purchaser, the Deposit together with accrued interest shall, without limiûng any other right or remedy of the Vendor, be forfeited by the Purchaser to the Vendor and the Purchaser does hereby forever release and discharge in favour of the V cndor all its right, title and interest in and to the Deposit 2. 3. The Vendor malees no warranty, representation or covenant and is subject to no obligation whatsoever respeçtin.g the physical condition or use: thereof of the Property, or respeotin.g the compliance of the Property with any law, by-law, regulation, code, standard or agreement of, or administered by, any municipality, utility or other govCrDDlental authority, fue insurance UDderwriters, or anyone else, ar respectïna any other matter or thing of I11Y kind or nature whatsoeVer save and except as are expressly stated herein. 4. Without limiting the generality of parasraph 3 hereof, the Purchaser further acknowledges, that the Property is being sold on an "as is, where is" basis and that save and except as expressly stated in this Agreement, that the Vendor has made no representations, warranties, statements or promises and bas not a¡recd to I11Y condition (whether statutorily expressed or implied, oral or written, legal, equitable, conventiona:J, collateral or otherwise, all of which are expressly excluded) including without limitation. in respect of any of the fonowing: (a) the title of the Property; (b) the fitness, condition or lawflù use of the Property or the state of the Property (including I11Y improvemcnts thereon, and chattels, if I11Y), the state of compliance or accord of any improvements with the approved plans and specifications giving rise to any building permit that might have been issued to authorize construction of the improvements &DdIor as to compliance or accord of the improvements with municipal building by-laws and/ar Ontario building code requirements; ( c) the zoning and I11Y proposed zouing changes that pertain to the Property and the state or status of any plannin¡ and/or development applications or approvals with respect thereto; (d) 1he presence or absence of contaminates on, in or about the Property; the discharge of contaminates fÌ'0m, 011, or in relation to the Property; the existence, state, na1\Ire, identity, extent or effect of any administrative orders, control orders, stop orders, oompliance orders or any other orders, proceedings or actions under tho Environmental Protection Act (Ontario), the Ontario Water Resources Act (Ontario) or any other applicable law in relation to the Property; nor, 1he existence, state, nature, kind, identity, extent or effect of any liability on the Purchaser to fultil any obligations with respect to tho environmental condition or quality of the Property. Upon Closing, the Purchaser shall acknowledge to the Vendor that it accepts the Property subject to the environmental condition and any COl't.m;""tion wbether or not such environmental condition or contamination is known by the Vendor prior to the JUN 3 '98 15:42 416 979 1234 PAGE.002 . . . '. . . .' r 08/03/98 15: U 12'418 979 1234 fl0Q4/009 c p . V ·3 . ea) the reservations in the original Crown Patent; (b) any reserYBtions, restrictions, covenants or restrictive covenants, municipal and other agreements, ri¡hts-of-way, easements that affect the Property or 1'UD with the Property; (c) . any enaoechmems over the Property and any encroachments by the Property over lIljoinin¡ properties; and (d) all outst,,~din¡ work orders affectiuS the Property and such other matters IS set out in paragraph 4 hereof. 10. This A¡reement is conditioDll upon the Vendor receiving Court approval of this Agreement or the Receiver receiYÍDg the prior written consent of certain of the parties in respect of Commercial Court File No. 97-CV-1242S0. 11. This Agrmnant is conditioDll upon the Vendor being able to deliver vacant possession of the Property to the PurcIwer on or before Closing or the Purchaser, at its option, a¡rccing to the continuance of any lease in respect of the Property after Closing. 12. Where the Vandor obtains an order vestiuS the Property in the Purchaser, the Purchaser acknowled&es that the Vendor sba]! not be required to discharge any existing mortgages, liens or other encumbrances provided that the V csting Order win provide title to the Purchaser free and c101l of all encumbrances other than those permitted pursuant to the terms hereof. 13. It shall be sufficient that ne¡otiable cheque certified by or a bank draft issued by any one of the C.n""iu chartered banks~ tc:ndcred instead of ('~~ r--C~ }J.t? Tbe Purchaser sball DOt be entitled to assi¡n its interest bereúnder in whole or in part to any person(s) or oorporation(s) unless it is . provided that the _pet sbaU assume all of the Purchaser's riShts and obli¡atioDS hereunder to the same extent and in the same manner IS if such assisnee had executed this A¡reement and provided that no such assignment sha11 relieve the ori¡inal PUIChaser cxeeutin& this Aøreement of liability hereunder. The Purchase Price is extlusive of Goods and Services Tax ("GST"). The Purchaser shall provide the Vendor, on or before Closing, with its re¡istration number as issued to the Purchaser pUJSUUlt to the GST provisions of the Excise Tax Act to the intent that the Vendor shall not collect the GST and shall have no liabUity to remit or pay same. The Purchaser shall self assess. 14. 15. 16. Any and all notices or demands by and from any of the parties hereto to the other shall be in writin¡ and may be delivered, sent by facsimile 1ransmission or sent by prepaid resistered mail. ArJy such notice: (a) in the case of the Vendor, shall be sent to Doane Raymond Limited 19th Floor, South Towa: Royal Bank Plaza 200 Bay Street. Box 55 Toronto, Ontario WI 2P9 Attention: Rea Godbold Pax No.: (416) 360-4949 JUN 3 '99 15:43 4IS 979 1234 PAGE.004 .. . . .. '. . , . ! 08/03/8' 15:48 tt418 171 1234 c P" V 141005/008 , - 4 . with . c:opy 10: 000dmIn Phillips &: ViDeberg 250 Yonae S1rect Suite 2400 Toronto, On1ario M5B 2M6 Attention: Thomas M. MacdODa!d Fax No.: (416) 979·1234 (b) in the case of the Purchaser, sball be SeDt 10 . Attention: Fax No.: Any party may chaDp the address set out about by ",p.0l'date written IIOtico 10 the other parties. Any such written øotIce which is delivered or sent by p...;...i1e traJISIDission shall be deemed 10 have been RCeivcd on the date of its delivesy or the date of facsimile 1J'aft.....¡uiQD or, if mllilœ by prepaid reøistcrcd mail, seventy-two (72) hours after the ..._m"l1bereof. 17. In the event oca conflict between any provision of this Schedule . A· and any provision of the Agreement to which it is attfchecl, the provision of this Schedule · AW shall supersede any other provision 10 the exteu1 of such conflict. 022\MACDONA 1\1231\130.1 JUN 3. '98 15:43 416 979 1234 PAGE.00S