Exhibit 10.20

 

	
WHEN RECORDED, RETURN TO:

Redevelopment Agency of Midvale City

Attn: Executive Director

Midvale City Hall

655 West Center Street

Midvale, UT 84047
    	
11935135

10/24/2014 4:12:00 PM $19.00

Book - 10269 Pg - 8532-8536

Gary W. Ott

Recorder, Salt Lake County, UT

FIRST AMERICAN NCS

BY: eCASH, DEPUTY - EF 5 P.
    


 

NOTICE OF TERMINATION OF OPTION AGREEMENT

 

This Notice of Termination of Option Agreement is executed as of October 24, 2014 by the Redevelopment Agency of Midvale City, a public agency (the “Agency”), and O.com Land, LLC, a Utah limited liability company (the “Owner”).

 

WHEREAS, the Agency and the Owner previously entered into that certain Purchase Option Agreement dated September 17, 2014, and recorded September 19, 2014 as Entry No. 11916480 in Book 10261, Pages 6143-6153, in the office of the Salt Lake County Recorder (the “Option Agreement”) with respect to that certain real property more particularly described in Exhibit A attached hereto;

 

NOW, THEREFORE, the Agency and the Owner hereby give notice that the Option Agreement is terminated.

 

IN WITNESS WHEREOF, the Agency and the Owner caused this Notice of Termination of Option Agreement to be executed effective as of the day and year first above written.

 

	
 
    	
 
    	
REDEVELOPMENT AGENCY OF MIDVALE CITY
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ JoAnn Seghini
    
	
 
    	
 
    	
 
    	
JoAnn Seghini
    
	
 
    	
 
    	
 
    	
Its Chief Administrative Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Kane Loader
    
	
 
    	
 
    	
 
    	
Kane   Loader
    
	
 
    	
 
    	
 
    	
Its   Executive Director
    


 

 

	
Approved   as to legal form:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Jones, Waldo, Holbrook & McDonough, P.C.
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Tom Berggren
    	
 
    	
 
    
				


 

 

	
 
    	
 
    	
O.COM   LAND, LLC,
    
	
 
    	
 
    	
a   Utah limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Carter Lee
    
	
 
    	
 
    	
Its:
    	
Manager
    


 



 

Notice of Termination of Option Agreement

 











 

	
STATE OF UTAH
    	
)
    
	
 
    	
: ss
    
	
COUNTY OF SALT LAKE
    	
)
    


 

On the 15 day of October, 2014, personally appeared before me JoAnn Seghini, who being by me duly sworn did say she is the Chief Administrative Officer of the Redevelopment Agency of Midvale City, and that the within and foregoing instrument was signed on behalf of such Agency.

 

	
 
    	
 
    	
/s/ Shelly Reed
    
	
 
    	
 
    	
NOTARY PUBLIC
    
	
 
    	
 
    	
Residing at:
    	
SL County
    


 

 

	
My Commission Expires:
    	
 
    	

    
	
 
    	
 
    
	
 
    	
 
    
	
1-10-17
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
STATE OF UTAH
    	
)
    
	
 
    	
: ss
    
	
COUNTY OF SALT LAKE
    	
)
    


 

On the 15 day of October, 2014, personally appeared before me Kane Loader, who being by me duly sworn did say he is the Executive Director of the Redevelopment Agency of Midvale City, and that the within and foregoing instrument was signed on behalf of such Agency.

 

 

	
 
    	
 
    	
/s/ Shelly Reed
    
	
 
    	
 
    	
NOTARY PUBLIC
    
	
 
    	
 
    	
Residing at:
    	
SL County
    


 

 

	
My Commission Expires:
    	
 
    	

    
	
 
    	
 
    
	
1-10-17
    	
 
    
	
 
    	
 
    
	
STATE OF UTAH
    	
)
    
	
 
    	
) ss:
    
	
COUNTY OF SALT LAKE
    	
)
    


 

On the 22 day of October, 2014, personally appeared before me Carter Lee, who being by me duly sworn did say he/she is the Manager of O.com Land, LLC, a Utah limited liability company, and that he/she had signed the within and foregoing instrument on behalf of such limited liability company in such capacity.

 

 

	
 
    	
 
    	
/s/ Kateel Whitehead
    
	
 
    	
 
    	
Notary Public
    
	
 
    	
 
    	
Residing at:
    	
Salt Lake
    	

    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
My   Commission Expires:
    	

    
	
 
    
	
02/19/17
    
	
 
    
	
 
    
	
 
    
						


 

Notice of Termination of Option Agreement

 

2











 

EXHIBIT A

 

Legal Description of the Property

 

That certain real property located in Salt Lake County, Utah more particularly described as follows:

 

Lot 10, View 72 Retail Subdivision Amended, according to the plat thereof, as recorded in the office of the Salt Lake County Recorder.

 

Tax ID No. 21-26-279-002

 

A-1