AGREEMENT OF SALE
Date: This day of , 2013.
Parties: TDC REAL ESTATE AND CONSTRUCTION LIMITED, a limited liability
company duly incorporated under the laws of St. Kitts and Nevis and having its
registered office at Fort Street, Basseterre, St. Kitts (hereinafter referred to as “the
Vendor”) of the one part
(hereinafter called “the Purchaser”) of the other part
THE PARTIES HERETO HEREBY AGREE as follows:-
1. The Vendor will sell and the Purchaser will purchase all that lot piece or parcel of
land specified in Schedule I hereto together with the building and other
improvements intended to be constructed by the Vendor on the said land
pursuant to the terms hereof (the said land and building hereinafter together
referred to as “the Property” and the building is hereinafter separately referred to
as “the Building).
2. The Property forms part of a villa residential development situated at Frigate Bay,
in the Island of St. Christopher to be known as Sunrise Hill Resorts (hereinafter
called “the Development”) which Development is shown on the Development
Plan annexed hereto and marked “A”. The Purchaser acknowledges that the
said Development Plan is attached hereto for illustrative purposes only and that
the Developer may in its absolute discretion vary the plan in any manner save for
the location of the Property hereby sold.
3. The purchase price for the Property is US$ which shall be paid
Price and as follows:-
(i) 20% shalll be paid upon the signing of this agreement by way first
(ii) 10% shall be paid at the time indicated in Schedule II by way second
(iii) the balance shall be paid in stage payments as set out in Schedule II.
Construction of Building
4. (i) The Building and any other improvements shall be constructed in accordance
with the Plans and List of Specifications annexed hereto and marked “B”
(hereinafter referred to as “the Plans”). The Vendor hereby acknowledges
that the Building is sold unfurnished and shall be sold only with such fixtures
and fittings as are set out in the Plans. :
(Agreement by Kelsick Wilkin & Ferdinand Solicitors)