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EXfflBIT D
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f:ONTRACTOF.SALR
THÎS CONTRAtT ()!• SAI.I;. vnlcrcd into ihib 23"' d;»y ol'Julv. 2015. by antl btiiwcen. Bill
V. NefF. St., (hcre'maOur nrlcmnl lo as "SliLl.KR"). anii *|'cnX Oroiip LI.C, a Ibnited HabilUs
contpany ibereinaikr refiTrcd m «s TURCMASUR").
VVHnREAS, Mwtiilar OlTiccs ane locutcd on ccrinin intci or parcel uf reol estaie siluate (xvo
miles wesl of (Xd l-ieltls. and six miles m»rth\\%,st of the Town of Moorclidd. in Haidy Count)'.
Wesl Virginia bcing more panicularly located on hotb stdcs of Fish Pond Road. belwcen and
adjoining ihe wc&i side of (*orrldor "II". and containiiig 730 uca'St moro or less. kiiown os dic
"Premlscs".
WMERKAS. ihe SF.ULKR is selliflg Thiny-Eigin (3g) Moduiar offices described on
ICxbibiis A aod O attached iwieto. un tlw Ivxisiing Mudular Layoïd. idânlifyingdte Modular Offices
by Icuer (heretnaftcr iltc "Pua'iiascd Modular Offices"), uihl:
WMEREiAb. Ilte PUKCIIASEK Itcivliy dusires lo Purdxise ihe PtiFcItascd Modular OlTtœs
from SELLER and SELLER dcsia's (o scll thePurchascd Modular Offices lo PURCl-lASER.
NOVV THERLFOR]', in consideiation oi'lhu pntniises and conditions eontiiiiwd hcrcin. tlw
parties agrce as Ibilows:
t. Purchoscd Modiiiar
SELLER hercby .sclls \into PUKCHASBK the foilowiiig
described property: Tliltty-Uighl (38) one-siory. modular type offices as dcscrifaed on Eidiibit A
entitled Existing Modular l.ayoiti utui marited aecording to Uxliibii A. Itureinaftcr Purchn^ Modular
Office^'
2. I*urchastf Prtcu: Thc purciiasc pricc of said Pmperiy Is Eight Hundred Ten Thousand f'^y. n/
Dollars ($81 Û.OOO.UÛ').
Thcre will bc a $20.000jOO seBcr crédit a^lied at «nd of payment sdudul^
SeeExhibUCfordâtaîll
3. CtMTsidcintion is a l>cpo&ii of Fivc l'housand (SS.OOO.OO) DtiHars xvliicli will be applûït^o
Ihc tifxt payment. Tlte lirst payincnl im At^ust i". 20) 5 wiil bc Fivc Thou.<mnd ($5.000.00) l^tllars.
c. liSlOV PURCilASIiR Htmll puy 1on 'i'Itousand ($10.000.00) Dtdiam in monthly înstalimctus
un Uic )*' ot'each montli for 1 ivo (2) years. Fiist payment shall be^n on August 1**.2015 and stoitlng
August 1^. 2017 paymenlb xvill be Ninc Thonsand One tluinlnud Scvcnly Ninc Dollars and 8)/IOO
(S9.179.81 )
until pald. 1'he iost payment uill bc July I^ 2023. 'Iliere will be no pivpayment penalty.
b. PURCI lASEK cuvuroints aitd agrées tu pay Seller as a late charge of five percent
(5%) of the amount past due un eurrcra paymunls and nll other stims due urtder thisComractorSate. if
satd sums bave noi heen paid and within ton (
10} days of lltetr due date. $EUd£R e:qjressly réserves
aJ) mhcr rights and lemcdtes providcd ticivin and b> taw wiih respect lo mmpasrment of dte
installments pmvided.
c. faitial Releo.se.
Tweiity Thtce lltousand Seven Hundtvd Nine Dollars and ll/lOO
($23,709.11) will eam dtc rclcose of a Hingie Modular Office. Modular Offices will t)c relcascd in
blocks as cummtly configurêd accordtng to lixiilbit B. Ihe relcasc ofall Modular Offices within any
spécifie block must bc coriied pHor to as.signmcnl of litic from SELLER. PURCHASER may tdentifV
any block for release os eamed. Plunsc
aiuichcd Exlnbit A and B showlitg the current
configuration.
4. Taxes. PURCHASER agiccs to pay ull luxes assessed and imposed upon thc Purcliased
Modular Offices and iiupmvumenis placed on Ibe suhjcci premises by the PURCHASER.
Exhibit A
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s. Utliîlies. lUJRCHASKR shall bc solely rcspoiuiibic ibr oiid sliall pnunptiy pay ail chai|$e»
for tuîat, wqtcr, .sewxsr surviens or iuâcssntcnis. tra»1) voileclto». loiephoite ».'rvict:, dectricity, gaa, or any
oihcr uliUlies or services iluii anr comumed in tlie Hurctiaiiod Modular Offices.
6. Mainhaianoc bv PlîRCHASIiR. IXiring ilu; terni ordiÎR Pureltasc. PURCI1ASER
shall. al PURCrïASER*S own expense. make ail neccssary rcpuirs aniJ replacements to (he
Ihiieliosed Moduler Offices and fo p>|ies, scwer s)steiii. plumbing sysicnu kcating $ystem, cooUng
System, electrtcal systcm. wimiow giass, fixiuivs, and ail other uppiiances and appurtenances
teloiii^ tlietoof, and ail cquipmcnt used in coimectton vfiUi ilic Ihmdtased Modular Offices, titcluding
structural repairs and rcpuiRs to the ouicr walls and roof, siiigect howcver. to the dcdscis IdciiiiHed
in accordance wiih Paragrapli S below. Any paiiuiitg iiecessary lu kecp (lie prD]»ity in good order
and rc(»ir shall be tite rcsponsibiliiy «f PURCHASER. Sueti repai» and repliicements, îiuerior and
exterior, shall be made prcMnpliy. os and whcn necessaty. Ali rei^irs and replacements shall hc in
qualhy and ciass at leasl equal le the original wurk. On dcfauh of PURCI IASlîR in inaking such
repairs or replacements required tlœ SPJ.IJ:R may. but shall noi be requiied to. make such repairs
and replacements for the PIJKCllASIvirS aceuunt. uiid (u pmpciiy protecl the improvements. and
the expensc thereuf sluill eoiistituic and hc cidlectible as additional paymcnt. PURCHASER
hereby certirtcs that PURCHASER luis made a complété inspection uf the premiscs and accetns titc
cundHion oflltc Purchased MixiularOffices in ihcir '*AS IS. WMlîRE IS" condition.
7. Covenants of WiRCHASER. PURCIIASER, al PUUCI lASER'S sole expense. shall
c<tmpiy with ail laws. ordeis. and régulations of fedenil. staic. and mimicipal authorittes. aiut wlth
any direction of any public officec. pumionl to law. which shall impose any lUily upon tlte SELLER or
ihe PURCI i ASER wlih respect to the Purchased Modular Offices, provided thaï the fbregoîng sliall
be limitcd to ihe extent of PURCI lASBR'S obligation lo make repatrs to the Purcha»»! Modular
Offices. PtJRCilASEK, Ht PURCHASEirS sole expense. sliall obtain ail licensea or {lermils which
may be rcquired for tltc conduct oflHJRCHASER'S business wfthln the terms ofthls Controcl of
Sale, or the makiiig of repairs, altérations, improvements, or additinas. and the SELLER* where
ncccssary* will Joln wiih the t^URrHASEK in opplying fîir ail such permits tir licensea. Thia ooitiraet
of a&ie Is made by PURCMASER subjecl to ail zoning reguluiions aAbciing the Purchased property
now or hereaftcr in force. PURChlASER shall Imld harmless the SELLER with respect to any
laws. oixteis. regulaiions of fcdemi, .Mate, tir municipal autlioriUvs. and with respect (o any direction of
any public officer. piireuaiu to law-, wtûch shidi bc Impnitud with respect lo the PURCHASER or
PURCHASER'S uses of tlte premiscs. PURCHASER shall save .SELLER hanhiess froin
pciialties. fines, costs. or damages resuliing from PURCIIASRR^S falluit lodoso.
8. Hazardous Malcriuls. PURCHASER shall noi store, use or dispose uf any
Hazardous Moterial ChcreinaRer defined) In or aboui -the Purchased Modular Offices withoul
SELI.F.R*S prior wriiicii consent, Before SELI.ER shall considcr a request fpr consent.
PURCHASER shall provide SIîl .1 .HR witli a list ufall Hazunious Mmertals proposed fo be sloied, used
or disposcd of on the PuretuLscd .Prcmlses. copies of al! permits required for such stofhge. use or
disposai and an additional sccurity dcposii equal to 25% of the Minimum Instaflment tbr thaï
Purchase year. The lerm "Hazarthius Materials" aholl mean any equipmcnt which coidatns dtelectric
Ruid containing polychlorinaicd bypbenyls C^PCIJ'S") or "PCB ilents* (as defined in 40 C.F.R.
Sec. 761J); stored, leakcd ur splllcd pciroleum producis. or oity other chcmiod. material or substance
\%hich Is reg^latcd as a ^oxic substance" (as defined by Ihc Toixic Substance Control AcL 13 U.S-C.
Sec. 2601 et scq., os ontendcdj. o "t^Konlous waste** (as defined by tite Resource Coitscrvatioiit' and
Rccovery Acu 42 U.S.C. Sec. 6901 et seq.. as aitiendcdj. or a "hozardous substance'* (as defined
by the Comprchaisive Environmcntal Rcsponsc. Compensation and llabiliiy Act of 1-980.
("CERCLA'*i 42 U.S.C. Sec. 9601 ci fwq,. os omendcd). or cxposure lo which is prohibited.
limiticd. or regulated by any fedcrni. stîilc. couirty. régional, local, or ollter govenuitental statute,
regulalicHu oïdinancc or aulhurity or wlilclu cvcn if nul so reguloltnl. may or could pœ» a ha/ard lo
the heaith and safeiy of the occupants of the lAircliosed Ihemiscs or the owncrs, PURCHASER or
occupants orproperly adjoccnl to tltc Pivmiscs.
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AhgfaUPflsdinprtH'tfmmtts. f'I J!U*H ASUR $ball itaw llw ri^L Irom tiinc to tiinc. (o makc
ail such allcrefion.s and improvcniciits t«» und dccoraiiun of, tlic imcrior or oxtcrior of ttic Puicltnscd
Modulur oniccs to cotidiict llKrei>n ils business, providcd Uvn prior lo thc cunimencement ofany
such aherations or improvunurnis SI;Ll.KR shali in eacli case havc tipprovcd in vwriting tltc pions
oiul sqsecifications ihcrcrorc. If within thiity (30) days after such plans aitd siiccincations are
submitted by RLiKCHASER lo £$1>LLUR for sucli approval thc SEl.LUR shnil not liave givcn the
PURCHASER notice of diSapproval tiicrcof. stating thc rciuion for sucli disapprnvai. such plans
and spccincatloRs shitii bc consldcrcd npprowd by liio SEU.ER. AH such woik shoH bc m
PUKCHA$ER*S e.xpcnse. PURCIIASI-.R shali coinpiy wiiii liw building codes, rcguiotions. and
iaws titen in cflfeci aiid which pcrUiln lo such work. PURCIIASKR wili savc SEIXER luimless
front and aguinst ail expenses, liens, daims, or damajjes lo citliur propcity or pcraon which mighi
arisc by imson of making ony such additions, intprovemciils. altefations. or imtallalions.
10. Insurance. PUROlASIiR sliall mninlain. at PURCHASER'S expcnse. insurancc
tt» protcct .SE1.LHR front any tmd nll Inss arising front any aclivUius of ihe PURCFlASf'.R on or
shtml (iic Prctniscs. To mcci this rcquircincnt. PI IRCIIASHR shali carry liabllity insurance wîth
an insiRur acceptable tu SELE.HR wîth minimum covcmges in tho amouni of One Million Dollars
{$1.0(H)A}fl0) pcr occunence cottibincd sin^c lintii fer hodily Injury. penxtnal iigury and pnuperty
damage, willt a Two Million lîollar (.$.^.OOO.IH>(H exccss liabiiity poilçy. PURCHASER ahaîl
furnish SELl^ER a ccrtillealc ccrtifying titui PURCHASER Itos procuied tha ncccs>sary insuntncc
iogcther wtth a stalement fnmi tlie insurcr dccltiring ihîti insurcr tvili notify SELLER if and when
for any reason whalcvcr «laid insurancc is icrminated. SELLUR sliail he named os an addtiionnl
insurcd on said pollo'*
PURCHASER shali furtltur insure thc Ptax*ho.scd Modular Offîces. vvith général
comprehensive covcra^ for Ere. otltcr casusiiiy. and périls of exitsndcd cowrage. for noi Icss lhan
Onc Million Dollars (Sl.OOO.C(Nl). naming SELLER as loss payée, attd shull funtish a certificale
of such Insurancc to SEI.LFR.
Il' Dtrfauh» If proceedings arc commenced against thc PURCHASER in any court
undcr a bankruptcy act or for thc appointntcnl of n trust or receiver of the PURCHASER^S
propcrty. oithcr bcrotc or aller thc cwnntcnccmeni of the Purcliasc icrm, or if ihere shali be a
dcloult in lltc Insiallmeiu payment or ony port llicrcor Ibr more lhan icn (10) dpys after due or if
Ihcfc shali be dcinult in titc performance of any othcr covcnant. coiitma of sale, or condition on
the part of tlie PURCHASER, the SELLER sitall Itavc the riglu to io-«nter or repossess ihe
Pufchased Modulur Ofltces. and the PURCHASER agrccs to deliver upon quiet and pcacefui
possession of tite pnmiiscs. In (lie event of re-ciitry. PURCHASER nevenhelcss agrées to be
âiisworable fttr any and ail damage aitd dcikiency which SEUXER inay sastain hy such rccntry.
and in ilutt ewent. SEL1.LR wlll rcsersc lull power tu tc-sell thc PUrchoscd Modular Offices. In
addition lo thc abovc, thc SELLER slmll havc liiu following rigbts upon dofault by
PURCHASER:
a. 'I1tc righl to rcniovc thc Purchascd Modular Otiices irom the Prcmises.
b. PURCHASER shnll continue to hc respomtbie Ibr ail co«s of movtng Puichascd
Modular Offices should ihcy havc to bc rcmovcd bcAsrc ihc cxfâialion of this
Purchase.
c. PURCHASER shali he respunsihlc for thc installmcnt payments for Ihc full tenu
of Pufdiasc. cwn if Puichoscd Moduler Offices arc icmovcd pursuani lo ihls
purograiih.
12. Indcmnificaltcm. PURCHASER siiall iiutemnl^ nml hoid haimless SELLER from and
agpinsl ait loss and liobillly for lomcs. dainugcs. costs. or reasonable expenscs which SELLER may
sulTcr by rcosoii of injuries lo pcrsons or damage to property sustatncd by any pcison or corporation
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whaisucver oristng oui of or in any mariner caiLsed b,\ PIJRCHASER'S use of ihe PUrcliased
ModulorOlTtccs.
li. Attonicv'&Fccs. IHJRC'liASHR shah payant! iiKlimuiU'y HCLieR agoiiistaii Icgal costs
and cti^es Incuned by SULLBR. includiog ctninsd fees lawAilly and leasonably incuired, in
ciifcficing any term or provision in this CoJiiracl oCNatc ami obtaintng possession orthe Purchased
Modidar OfRcea after a detàult of PURCdASBR or after PURCHAi$ISR*S dcfault in surreitderiiig
possession, or enfoncing aity covenont of PURCHASiiR hcrein contained.
14. Assignmenl of Commet Satc. «i. PURCHASER inay assign without SELLER*S
cotiseni
ihis Cofflraci ofSale to uny sutekiiory or eniUv of TcuX Grotip, LtX' with iiill uitdeistandipg thoi
'lenX wUI fully icmain os a guaruntor of ail parts of ihis Contr»:! of Sale.
b. Asslgnnicni to Otlicn» (exccpl above). PliRCHASEK .shall nol assign this
Contrsci of Sale c»r any interest Itcieln. of (hc Motluiar Offices to any third porty. wiihout fhe prior
wrtUcii ami discicUoiiary nmsenl uf SELLER, which shali not be unieasoniriily w&hheld. If
permitted, any ossigument Itcieundcr shali mil rctease or disclutrge PURCHASER of w from any
IlabtIUy, whether pasL pncscnt or llitum. under ihis Contmct of Sale sud PURCHASGR shali
continué Ailty liabte theicunder. Any assignée shail agrce in a fbnn reasonaMy satis&ctory to
SELLER (o comply with and lie btiund by ail uf titc ternis, covenants, «mditîons. provisions and
agreements of dûs Contiaci of Pinviiase h> die extcnt of ossignmeni. PURCI-IASER iduil deliver to
SELLER promptiy after exécution, an cxdcuicil copy of such assignaient. Any traiter in violation
of Ihis section shali bc void and sladi confer m> rl^i upon oiiy thhd lurty.
15. imptîUiion. SELLER arui SELLEK's représentatives may enterihe Purdiased
Modular Offices, at any rensonoble tinie. for the purposc of inspceiing thc Purchased Modular
Offices, perfonning any wortt whtch SELIi-.R dccts to undertoke ttiadc neccssaiy fay nsason of the
PURCilASBR*S default under the tcnns of this Piirchasc. cxhibiting thc Purchased Modular
Offices for saie, purchose. or iiimigagc flnancing. or posting notice of nonreapoHsibithy under any
inechanic*s lien laws.
{6. Waivera. Waiver by eilher pariy tif thu breach by thc othcr of any covenant of this
Purciiase shali bc limitcd te the ptinicuiar iastancc and siiali not opcnuc or bc dcemed in waiVe any
future breach oflhe same ur any ntlicr onvcnant on any other occasion.
17. Notices. AU noticesuMpiiied lo begiven tercundershall be hi wiltingtand. ifintendcd
for thc SELLER shatl be served uptui SELLER or upon his agent, or sliati be maiied by certilied
mail, postage prcpaid, to thcr principal place of bu.siness of SELLER, at 3570 North Valley PUce,
Hanisotthuig. Virginia. 22802, or if inteitdud Ibr tltc PURCHASBR. or Ml be. ittaîled by
eeitifted nuiH. posiage prcpaid, to-ihc ittlncipat place ofbufdness of sâid PURCHASER at 2506
l'i^ Pond Rd.. Old Fteldii. WV 26845. Eitlicr party slmll havc the right lo change ils principal
office by notice by ceititkd mail of sudi change.
18. Bntin» Commet of 5»ale. Il is fuiilicr undcrstood and agreed, thaï this Contiact of Sale
contains the enlire ogreemcnt beiween tlie pnnics hereto and sliall not be modified Iti any inanner
cxcept by an Instramcnt in uriting executcd by the parties hcrolo. and ihat fhe conditions and
agrecments herein arc binding on. and may bc tcgally cnforccd by the parties hereto. tlieir héirs.
executors. ftdministretom, succcssors. and a.ssigas, rcspcctively. and tliai no waiver of any bieiich
of any condition or agiecmcnl conialned hcfcin shail bc conslrued to bc a waiver of that condition
or a^eement or of any sulisequenl breach thureof. or of this coniract of sale. Pemirûne or netner
pmnouns shail lu: sulxuitutud for (Iium; of Ibe masculine form. and thc plural shail be substituted for
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